v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (7,564,995) $ 76,926
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Interest income on crypto assets receivable (40,647)
Depreciation 118,188 76,361
Amortization of intangible assets 638,251
Amortization of operating right-of-use assets 37,173 18,365
Allowance for credit losses 3,434,741 90,480
Long-live assets impairment 3,044,877
Loss from disposal of equipment 317,531
Stock-based compensation 1,138,423 210,000
Change in fair value of derivative liabilities (5,400,218) (1,781,758)
Gain from disposal of subsidiaries (1,006,730)
Unrealized holding loss on marketable securities 169,183
Change in operating assets and liabilities    
Accounts receivable 322,613 (899,155)
Contract asset (17,606)
Inventories (9,296) 16,711
Other receivables and other assets (870,799) (4,427,362)
Other receivable, a related party (412) (316)
Prepayments 2,580 76,235
Accounts payable 25,775 130,041
Customer deposits (74,579)
Contract liability 11,012 (3,411)
Other payables and accrued liabilities 1,252,131 (97,366)
Operating lease liabilities (33,151) (18,365)
Income tax payables 30,055 5
Net cash used in operating activities (5,191,149) (5,817,360)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (1,044,862) (4,547)
Purchases of crypto assets receivable (294,275)
Prepayment of purchase consideration for business combination (1,528,026)
Collaboration deposit (53,310) (4,343,067)
Net cash used in investing activities (2,920,473) (4,347,614)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock in market offering 2,457,390
Proceeds from Issuance of common stock and warrant under share purchase agreement 7,088,118 6,713,740
Proceeds from Issuance of common stock under subscription agreement 1,177,000
Proceeds from exercise of warrants into common stock 1,357,577
Proceeds from direct offering 2,500,000
Payments of offering costs (340,000)
Proceeds from private placement 400,000
Proceed from insurance loan 72,625 51,211
Principal payments of insurance loan (57,336) (38,371)
Payments of related party loan (5,250) (3,696)
Net cash provided by financing activities 11,015,734 10,357,274
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS (227,047) (111,286)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2,677,065 81,014
CASH AND CASH EQUIVALENTS, beginning of period 236,895 200,013
CASH AND CASH EQUIVALENTS, end of period 2,913,960 281,027
SUPPLEMENTAL CASH FLOWS INFORMATION    
Income taxes paid 121,200 183,121
Interest paid 2,618 3,975
SUPPLEMENTAL NON-CASH FLOWS INFORMATION    
Insurance of common stock for acquiring intangible assets 3,870,000
Insurance of common stock for prepaid consulting fee 3,000,000
Insurance of common stock for software development 17,408,579
Acquisition of intangible assets through settlement of other receivables 470,667
Allocation of fair value of derivative liabilities for issuance of common stock 10,797,112 2,213,161
Fair value of derivative liabilities upon exercise of warrants $ 4,614,985