v3.26.1
Income Taxes (Tables)
9 Months Ended
Mar. 31, 2026
Income Taxes [Abstract]  
Schedule of United States and Foreign Components of (Loss) Income Before Income Taxes

The United States and foreign components of (loss) income before income taxes were comprised of the following:

 

  

For the three months 

ended

   For the nine months ended 
   March 31,   March 31, 
   2026   2025   2026   2025 
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited) 
Tax jurisdictions from:                
- Local – United States  $(1,827,101)  $1,368,933   $(5,190,931)  $362,733 
- Foreign – Malaysia   (444,127)   (108,968)   (2,224,064)   (264,976)
(Loss) income before income tax  $(2,271,228)  $1,259,965   $(7,414,995)  $97,757 

 

The provision for income taxes consisted of the following:

 

   For the three months ended   For the nine months ended 
   March 31,   March 31, 
   2026   2025   2026   2025 
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited) 
Tax jurisdictions from:                
- Local – United States  $50,000   $
          -
   $150,000   $20,831 
- Foreign – Malaysia   
-
    
-
    
-
    
-
 
Provision for income tax  $50,000   $
-
   $150,000   $20,831 
Schedule of Aggregate Deferred Tax Assets

The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of:

 

  

As of
March 31,

2026

   As of
June 30,
2025
 
   (Unaudited)     
Deferred tax assets:        
Net operating loss carry forwards in U.S.  $4,750,059   $3,270,173 
Net operating loss carry forwards in Malaysia   5,938,496    5,404,721 
Allowance for credit losses   958,984    261,186 
Gain from disposal of subsidiaries   (211,413)   
-
 
Long-live assets impairment   4,738,058    4,098,634 
Change in fair value of derivative liabilities   (1,515,599)   (381,553)
Less: valuation allowance*   (14,658,585)   (12,653,161)
Deferred tax assets  $
-
   $
-
 

 

*Change in valuation allowance was amounted to $2,005,424 and $69,954 for the nine months ended March 31, 2026 and 2025, respectively.