v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 2,129,576 $ 1,021,112
Short-term investments 1,276,484
Accounts receivable 465,029 188,415
Inventories 287,045 284,561
Amount due from related party [1] 100
Prepaid share-based compensation-nonemployees 140,604 455,291
Prepayments 85,154 46,605
Other receivables and deposits 9,675 15,647
Total current assets before discontinued operation 3,117,083 3,288,215
Assets held for sale 4,000 4,000
Total current assets 3,121,083 3,292,215
Non-current assets:    
Property, plant and equipment, net 1,478,370 1,574,984
Right of use assets, net 407,069 518,375
Intangible assets 33,665,611 33,503,771
Deposits paid 80,000 80,000
Prepaid share-based compensation- nonemployees 187,829 126,047
Total non-current assets 35,818,879 35,803,177
TOTAL ASSETS 38,939,962 39,095,392
Current liabilities:    
Accounts payable 54,423 55,092
Other payables 350,125 545,963
Deposit and accrued liabilities 48,483 371,837
Accrued share-based compensation 83,021 89,165
Current portion of operating lease liabilities 40,877 38,311
Total current liabilities 875,419 1,634,982
Non-current liabilities:    
Operating lease liabilities, net of current portion 60,658 91,639
Total non-current liabilities 60,658 91,639
TOTAL LIABILITIES 936,077 1,726,621
Commitments and contingencies
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none-issued and outstanding
Common stock, $0.001 par value; 10,000,000,000 shares authorized; 1,302,942,407 and 1,262,680,891 issued and outstanding as of March 31, 2026 and June 30, 2025 1,302,942 1,262,680
Additional paid-in capital 57,553,229 54,530,117
Accumulated other comprehensive loss (222,369) (160,809)
Accumulated deficit (20,627,172) (18,263,181)
Stockholders' Equity Before Non controlling interest 38,006,630 37,368,807
Non-controlling interest (2,745) (36)
Stockholders’ equity 38,003,885 37,368,771
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 38,939,962 39,095,392
Non-employee [Member]    
Current liabilities:    
Accrued share-based compensation 4,750 44,288
Employee [Member]    
Current liabilities:    
Accrued share-based compensation 78,271 44,877
Director [Member]    
Current liabilities:    
Amounts due to related parties [2] 3,033 209,640
Related Party [Member]    
Current liabilities:    
Amounts due to related parties $ 295,457 $ 324,974
[1] Encik Anuar bin Ismail, an indirect significant shareholder, is a director of Vetrolysis Limited.
[2] This amount represent expenses incurred and paid by Jack Wong on behalf of the Company. The balance as of June 30, 2025 represented the remaining balance of the special bonus of $1.25 million to the Company’s Chairman and Chief Executive Officer Jack Wong, approved by the Board of the Company on December 9, 2024. On December 10, 2024, Mr. Wong entered into a Sale and Purchase Agreement to purchase the property located at 1138 Wildhorse Parkway Drive, Chesterfield, Missouri 63005 owned by Verde Renewables, for a current market value of $857,500. The Board also approved the option for this amount to be repaid through monthly installments deducted from the bonus over 26 pay cycles starting from January 2025. This transaction was structured as a sale and purchase agreement between the Company and Mr. Wong, with no cash exchange involved. The remaining balance of the bonus was allocated to cover any taxes associated with the bonus on behalf of Mr. Wong and was fully settled as of March 31, 2026.