v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Jun. 30, 2025
Current assets    
Cash $ 136,439 $ 14,533,829
Restricted cash 2,097,225 3,118,067
Notes receivable 29,253 32,548
Accounts receivable 153,444 396,744
Advances to suppliers 19,398,348 1,084
Prepaid expenses 58,655 52,068
Total current assets 21,873,364 18,134,340
Non-current assets    
Right-of-use asset 45,565 84,370
Other long-term assets - deposits 10,192
Total non-current assets 45,565 94,562
Total Assets 21,918,929 18,228,902
Current Liabilities    
Loans from third parties 3,005,100 999,940
Deferred revenue 46,321
Accounts payable 404,321 701,080
Lease liability - current 45,565 53,286
Taxes payable 3,372,492 3,250,473
Judgment debt payable 150,000 488,586
Class action settlement 4,000,000
Accrued expenses and other current liabilities 1,302,095 1,256,969
Total current liabilities 13,402,269 7,274,565
Non-Current Liabilities    
Loans from third parties 466,321 466,321
Lease liability - non-current 31,084
Total non-current liabilities 466,321 497,405
Total liabilities 13,868,590 7,771,970
Commitments and Contingencies
Shareholders’ Equity:    
Preferred share, 2,000,000 shares authorized, no par value, nil share issued and outstanding as of March 31, 2026 and June 30, 2025, respectively
Common share, 50,000,000 shares authorized, no par value; 7,293,492 and 4,203,492 shares issued and outstanding as of March 31, 2026 and June 30, 2025, respectively 107,621,633 105,333,048
Additional paid-in capital 2,334,962 2,334,962
Accumulated deficits (100,224,711) (94,597,445)
Accumulated other comprehensive losses (604,764) (596,914)
Total Shareholders’ Equity attributable to controlling shareholders of the Company 9,127,120 12,473,651
Non-controlling Interest (1,076,781) (2,016,719)
Total Equity 8,050,339 10,456,932
Total Liabilities and Equity 21,918,929 18,228,902
Related Party    
Current Liabilities    
Due to related parties $ 1,076,375 $ 524,231