v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (43,421,349) $ (4,927,154)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 34,752 35,951
Interest expense from convertible promissory notes 140,740
Amortization of operating right of use assets 1,611,924 160,521
Provision of credit losses 1,765,169 464,988
Stock-based compensation expenses 982,337 527,542
Change in fair value of earnout liabilities (5,687,989)
(Gain) loss on disposal of equipment (2,790) 3,400
Impairments of inventories 4,663,144
Impairments of right-of-use assets 25,855,427
Change in operating assets and liabilities:    
Accounts receivable 1,421,900 (7,359,795)
Inventories 1,058,486 (14,893,859)
Contract assets 413,118 16,259
Prepaid expenses and other current assets 635,470 (1,049,412)
Amount due from related parties - current (20,720) 140
Security deposits (500) (1,123,807)
Accounts payable – supplier financing 6,082,779 27,958,120
Contract liabilities 142,474 (438,378)
Income taxes payable (11,500) (299,585)
Other payables and accrued liabilities 1,906,686 1,974,134
Other payable - related parties (265,917) (32,007)
Operating lease liabilities (1,513,949) (123,471)
Net cash provided by (used in) operating activities 1,336,941 (4,653,662)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (68,336)
Proceeds from disposal of equipment 8,826 28,100
Net cash provided by (used in) investing activities 8,826 (40,236)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments to short-term loans (291,208)
Principal payments of long-term loan (17,988) (14,432)
Proceeds from convertible promissory note 9,000,000
Proceeds from reverse recapitalization, net of payments of transaction costs 19,710,288
Proceeds from issuance of common stock through exercise of warrants 120,750
Payment of redemption payable (20,499,790)
Payments of deferred transaction costs (131,400)
Net cash (used in) provided by financing activities (17,988) 7,894,208
EFFECT OF EXCHANGE RATE CHANGES (12,758) 2,297
NET CHANGE IN CASH 1,315,021 3,202,607
CASH, beginning of the period 1,875,453 587,448
CASH, end of the period 3,190,474 3,790,055
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income tax 11,500 50
Cash paid for interest 5,332,263 1,272,448
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Initial recognition of operating right-of-use assets and lease liabilities 38,256,080 750,338
Modification of operating right-of-use assets and lease liabilities 121,655
Conversion of convertible promissory notes into common stock 15,408,685
Reverse recapitalization transaction costs net against additional-paid in capital 893,577
Deferred transaction costs included in other payables and accrued liabilities 300,000
Initial recognition of earnout liabilities $ 5,688,007