v3.26.1
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
REVENUES        
Total revenues $ 3,498,681 $ 16,041,672 $ 18,523,681 $ 52,645,059
COST OF REVENUES        
Total cost of revenues 2,743,132 9,186,212 11,686,197 29,748,154
GROSS PROFIT 755,549 6,855,460 6,837,484 22,896,905
OPERATING EXPENSES:        
Selling and fulfillment 991,037 5,373,932 7,348,039 15,687,013
General and administrative 908,773 1,816,032 4,630,041 10,033,958
Total operating expenses 1,899,810 7,189,964 11,978,080 25,720,971
LOSS FROM OPERATIONS (1,144,261) (334,504) (5,140,596) (2,824,066)
OTHER INCOME (EXPENSE)        
Interest expenses (432,167) (81,968) (611,108) (362,602)
Loss on equity method investment 0 (986) 0 (2,707)
Loss on deconsolidation of VIE (1,269) 0 (40,893) 0
Unrealized gain (loss) on digital assets (549,932) 0 (544,173) 0
Impairment loss - goodwill (3,034,110) 0 (3,034,110) 0
Change in fair value of derivative liability 89,600 0 266,200 0
Gain (Loss) on extinguishment of debt (539,634) 0 (563,734) 0
Other non-operating income (expenses) 3,897 35,241 1,236,219 47,521
Total other income (expenses), net (4,463,615) (47,713) (3,291,599) (317,788)
LOSS BEFORE INCOME TAXES (5,607,876) (382,217) (8,432,195) (3,141,854)
PROVISION FOR INCOME TAX EXPENSE (BENEFIT) (326,502) 6,364 (1,839,874) (637,108)
NET LOSS FROM CONTINUING OPERATIONS (5,281,374) (388,581) (6,592,321) (2,504,746)
DISCONTINUED OPERATIONS, NET OF TAX 1,826,496 46,208 1,410,514 345,920
NET LOSS (3,454,878) (342,373) (5,181,807) (2,158,826)
Non-controlling interest 0 (2,774) 0 (8,765)
NET LOSS ATTRIBUTABLE TO IPOWER INC. (3,454,878) (339,599) (5,181,807) (2,150,061)
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation adjustments (15,743) (97,556) 8,821 3,520
COMPREHENSIVE LOSS ATTRIBUTABLE TO IPOWER INC. $ (3,470,621) $ (437,155) $ (5,172,986) $ (2,146,541)
WEIGHTED AVERAGE NUMBER OF COMMON STOCK        
**Basic 1,453,875 1,048,508 1,200,110 1,047,816
**Diluted 1,453,875 1,048,508 1,200,110 1,047,816
EARNINGS (LOSSES) PER SHARE        
Basic - continuing operations $ (3.63) $ (0.37) $ (5.49) $ (2.39)
Basic - discontinued operations 1.25 0.04 1.17 0.33
Total basic earnings (loss) per share (2.38) (0.33) (4.32) (2.06)
Diluted - continuing operations (3.63) (0.37) (5.49) (2.39)
Diluted - discontinued operations 1.25 0.04 1.17 0.33
Total diluted earnings (loss) per share $ (2.38) $ (0.33) $ (4.32) $ (2.06)
Product [Member]        
REVENUES        
Total revenues $ 3,498,681 $ 15,018,227 $ 16,990,959 $ 49,422,823
COST OF REVENUES        
Total cost of revenues 2,743,132 8,306,217 10,353,516 27,043,417
Service [Member]        
REVENUES        
Total revenues 0 1,023,445 1,532,722 3,222,236
COST OF REVENUES        
Total cost of revenues $ 0 $ 879,995 $ 1,332,681 $ 2,704,737