Summary of Significant Accounting Policies (Tables)
|
9 Months Ended |
Mar. 31, 2026 |
|---|
| Summary of Significant Accounting Policies [Abstract] |
|
| Schedule of Translation of Foreign Currencies |
Translation
of foreign currencies into US$1 have been made at the following exchange rates for the respective periods:
| | |
As of | |
| | |
March 31,
2026 | | |
June 30,
2025 | |
| Period-average MYR: US$1 exchange rate | |
| 4.01 | | |
| 4.21 | |
| | |
For the nine months ended
March 31, | |
| | |
2026 | | |
2025 | |
| Period-average MYR: US$1 exchange rate | |
| 4.12 | | |
| 4.43 | |
|
| Schedule of Estimated Useful Lives of the Assets |
Property
and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated
useful lives of the assets with no residual value. The estimated useful lives are as follows:
| | |
Expected
useful lives |
| Computer and office equipment | |
5 years |
| Furniture and fixtures | |
3-5 years |
| Leasehold improvement | |
3 years |
|
| Schedule of Disaggregated Information of Revenues by Products/Services |
Disaggregated
information of revenues by products/services are as follows:
| |
|
For the
three months ended |
|
|
For the
nine months ended |
|
| |
|
March 31, |
|
|
March 31, |
|
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
|
(Unaudited) |
|
|
(Unaudited) |
|
| Gift card or “E-voucher”
revenue (1) |
|
$ |
1,471,469 |
|
|
$ |
25,786 |
|
|
$ |
2,697,009 |
|
|
$ |
62,483 |
|
| Health care products, computer products,
and food and beverage products revenue (1) |
|
|
12,812 |
|
|
|
- |
|
|
|
44,726 |
|
|
|
296,667 |
|
| Loyalty program revenue (1) |
|
|
8,515 |
|
|
|
2,808 |
|
|
|
10,997 |
|
|
|
19,448 |
|
| Transaction revenue (1) |
|
|
8,111 |
|
|
|
35,321 |
|
|
|
11,694 |
|
|
|
106,879 |
|
| Member subscription
revenue (2) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
87,707 |
|
| Total revenue from ZCITY platform |
|
|
1,500,907 |
|
|
|
63,915 |
|
|
|
2,764,426 |
|
|
|
573,184 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue
from Customized software development (2) |
|
|
- |
|
|
|
602,606 |
|
|
|
- |
|
|
|
602,606 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total revenues |
|
$ |
1,500,907 |
|
|
$ |
666,521 |
|
|
$ |
2,764,426 |
|
|
$ |
1,175,790 |
|
| (1) | Revenue recognized at a point in time. |
| (2) | Revenue recognized over time. |
|
| Schedule of Assets that were Measured at Fair Value on a Recurring Basis |
The following table presents information about the Company’s
assets and liabilities that were measured at fair value on a recurring basis as of March 31, 2026 and June 30, 2025:
| |
|
March 31,
2026
(Unaudited) |
|
|
Quoted
Prices in
Active
Market
(Level 1) |
|
|
Significant
Other
Observable
Input
(Level 2) |
|
|
Significant
Other
Unobservable
Input
(Level 3) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
| Crypto assets receivable |
|
$ |
301,937 |
|
|
$ |
301,937 |
|
|
$ |
- |
|
|
$ |
- |
|
| Crypto assets |
|
$ |
41,591 |
|
|
$ |
41,591 |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative liabilities (Warrant issued under Share Purchase Agreement) |
|
$ |
1,165,795 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,165,795 |
|
| | |
June 30,
2025 | | |
Quoted
Prices in
Active
Market
(Level 1) | | |
Significant
Other
Observable
Input
(Level 2) | | |
Significant
Other
Unobservable
Input
(Level 3) | |
| | |
| | |
| | |
| | |
| |
| Liabilities: | |
| | |
| | |
| | |
| |
| Derivative liabilities (Warrant issued under Share Purchase Agreement) | |
$ | 383,886 | | |
$ | - | | |
$ | - | | |
$ | 383,886 | |
|
| Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis |
The following
is a reconciliation of the beginning and ending balance of the assets and liabilities measured at fair value on a recurring basis for
the nine months ended March 31,2026 and for the year ended June 30, 2025:
| | |
Warrant
issued under
Share
Purchase
Agreement | |
| Balance as of June 30, 2024 | |
$ | - | |
| Derivative liabilities recognized at grant date | |
| 2,450,227 | |
| Change in fair value of derivative liabilities | |
| (1,816,917 | ) |
| Exercised of warrants | |
| (249,424 | ) |
| Balance as of June 30, 2025 | |
| 383,886 | |
| Derivative liabilities recognized at grant date | |
| 10,797,112 | |
| Change in fair value of derivative liabilities | |
| (5,400,218 | ) |
| Exercised of warrants | |
| (4,614,985 | ) |
| Balance as of March 31, 2026 (Unaudited) | |
$ | 1,165,795 | |
|