v3.25.4
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:      
Net income $ 1,308,714 $ 841,301 $ (273,099)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation and amortization 475,902 339,279 260,399
Loss on disposal of property, plant and equipment 515
Deferred tax assets (4,447)
Deferred revenue (3,368) (3,363) (3,514)
Long-term deferred expenses 96,351 (129,051) (77,434)
Provision (reversal) adjustment for accounts receivable (32,640) 64,307 31,082
Provision (reversal) adjustment for advance to suppliers 307,463 (180,009)
Provision adjustment for inventory 92,968
Other current assets 273,453 194,745
Changes in operating assets and liabilities:      
Accounts receivable, net 753,301 (5,180,029) (4,488,893)
Accounts receivable, related parties 1,097 (1,140)
Notes receivable (106,477)
Inventories (7,131,218) (1,723,721) 63,072,967
Prepaid IPO costs (501,440) (111,195) 5,984
Advances to suppliers 702,170 2,285,041 (4,765,310)
Advances to suppliers, related parties 119,396 (97,172) (21,903)
Other receivables 546,468 1,533,269 (1,914,221)
Accounts payable (889,531) 6,504,938 (52,953,525)
Accounts payable, related parties (26,683) (13,266) 3,423
Accrued payroll expenses 306,581 292,877 178,952
Other payables 532,945 (2,052,554) 2,402,671
Advance from customers (297,597) 172,402 (3,607,657)
Tax payable (1,038,848) 389,305 522,146
Net cash (used in) provided by operating activities (4,877,996) 3,299,877 (1,438,774)
Cash Flows from Investing Activities:      
Acquisition of property, plant and equipment (640,480) (2,093,112) (971,723)
Collection of loan receivable 2,759,900
Net cash used in investing activities (640,480) (2,093,112) 1,788,177
Cash Flows from Financing Activities:      
Proceeds from short-term borrowings 13,514,825 10,256,339 8,154,050
Repayments on short-term borrowings (9,384,536) (9,744,214) (6,737,517)
Proceeds from long-term payables 553,649
Proceeds from related parties 7,352,442 8,978,827 4,509,031
Payments to related parties (6,355,076) (10,698,853) (6,456,123)
Net cash provided by (used in) financing activities 5,127,655 (654,252) (530,559)
Effect of exchange rate changes on cash 5,532 (3,295) (8,581)
Net increase (decrease) in cash (385,289) 549,218 (189,737)
Cash at the beginning of year 573,839 24,621 214,358
Cash at the end of year 188,550 573,839 24,621
Supplemental disclosures of cash flows information:      
Cash paid for interest 413,354 364,065 364,771
Cash paid for income taxes