v3.26.1
Segment Information
 9 Months Ended
Mar. 31, 2026
Segment Information [Abstract]  
Segment information

Note 22 — Segment information

 

The Company conducts business as a single operating segment which is based upon the Company’s organizational and management structure, as well as information used by the Company’s CODM to allocate resources and other factors. The accounting policies of the segment are the same as those described in Note 3.

 

The key measure of segment profitability that the CODM uses to allocate resources and assess performance is consolidated net loss, as reported in the consolidated statements of operations. The following table presents the significant revenue and expense categories of the Company’s single operating segment: 

 

    For The Three Months Ended  
    March 31,     March 31,  
    2026     2025  
    (Unaudited)     (Unaudited)  
Revenues, net   $ 8,666,261     $ 11,392,078  
Less cost of goods sold     10,116,838       10,728,765  
Less significant segment expenses:                
Commission expenses     80,826       79,616  
Marketing consulting expenses     195,892       426,262  
Products testing and certification expenses     110,741       211,019  
Warranty expenses     34,704       69,208  
Marketing and advertising expenses     262,498       164,682  
Other selling and marketing expenses     66,090       10,067  
Payroll and payroll tax expenses     888,363       888,399  
Professional expenses     344,167       441,663  
Insurance expenses     161,048       111,284  
Credit losses     1,681,606       401,988  
Office expenses     80,614       74,883  
Rent expenses     1,404,674       66,850  
Travel expenses     32,008       44,392  

Impairments of right-of-use assets

    

25,855,427

      

-

  
Other general and administrative     71,977       32,355  
Other research and development expenses     965,380       851,932  
Research and development expenses-related party     -       22,792  
Stock-based compensation expenses     279,218       326,588  
Other segment items:                
Interest expense     2,304,183       1,553,993  
Other expense (income), net     -       2,118  
Change in fair value of earnout liabilities     -       (1,032,267 )
Provision for income taxes     -       -  
Segment net loss   $ (36,269,993 )   $ (4,084,511 )

 

 

    For The Nine Months Ended  
    March 31,     March 31,  
    2026     2025  
    (Unaudited)     (Unaudited)  
Revenues, net   $ 45,606,134     $ 51,984,361  
Less cost of goods sold     42,095,364       48,732,206  
Less significant segment expenses:                
Commission expenses     230,965       421,802  
Marketing consulting expenses     582,697       1,233,821  
Products testing and certification expenses     349,921       465,350  
Warranty expenses     198,995       344,937  
Marketing and advertising expenses     630,488       334,673  
Other selling and marketing expenses     215,940       83,214  
Payroll and payroll tax expenses     2,734,084       2,825,028  
Professional expenses     2,066,666       1,449,299  
Insurance expenses     499,694       448,170  
Credit losses     1,765,169       464,988  
Office expenses     245,717       257,609  
Rent expenses     2,860,739       192,122  
Travel expenses     78,960       172,527  
Impairments of right-of-use assets    

25,855,427

      

-

  
Other general and administrative     140,250       117,452  
Other research and development expenses     1,153,296       1,432,153  
Research and development expenses-related party     -       91,168  
Stock-based compensation expenses     982,337       527,542  
Other segment items:                
Interest expense     6,319,324       3,005,186  
Other expense (income), net     21,450       257  
Change in fair value of earnout liabilities     -       (5,687,989 )
Provision for income taxes     -       -  
Segment net loss   $ (43,421,349 )   $ (4,927,154 )