v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,181,807) $ (2,158,826)
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities:    
Depreciation and amortization expense 579,025 586,481
Inventory reserve 58,453 288,474
Credit loss reserve 49,713 1,569,029
Loss on equity method investment 0 2,707
Stock-based compensation expense (reversal) 1,250,608 (142,780)
Shares issued for consulting services 83,472 0
Loss on deconsolidation of VIE 40,893 0
Gain on disposition of subsidiaries (1,613,936) 0
Amortization of operating lease right of use assets 949,337 1,408,508
Change in FV of Derivative Liability (266,200) 0
Unrealized gain/loss on digital assets 544,173 0
Loss on extinguishment of debt 563,734 0
Impairment loss - goodwill 3,034,110 (0)
Gain on sale of vehicle (63,605) 0
Amortization of debt premium / discount and non-cash financing costs 269,782 125,906
Change in operating assets and liabilities    
Accounts receivable (989,894) 2,991,825
Inventories 5,535,789 485,100
Deferred tax assets (1,266,374) (516,281)
Prepayments and other current assets, net 1,317,156 (314,434)
Other non-current assets 526,580 188,315
Accounts payable (4,059,969) (3,229,667)
Other payables and accrued liabilities 357,099 (331,742)
Operating lease liabilities (1,007,585) (1,455,440)
Income taxes payable (280,155) 2,611
Net cash provided by (used in) operating activities 430,399 (500,214)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Disposal of subsidiaries (83,545) 0
Deconsolidation of VIE (165,243) 0
Proceeds from sale of vehicle 192,000 0
Investment in joint venture (293,526) 0
Restricted cash and digital assets held in Bitgo account (4,418,000) 0
Prepayments for software development (902,760) (1,519,928)
Net cash used in investing activities (5,671,074) (1,519,928)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of offering cost settlement 0 (325,000)
Proceeds from short-term loans - related party 1,050,000 0
Proceeds from short-term loans 1,500,000 0
Payments on short-term loans - related party (1,050,000) (350,000)
Payments on short-term loans (1,500,000) (483,599)
Net proceeds from convertible note 7,701,033 0
Proceeds from revolving loan 3,619,974 7,789,674
Payments on revolving loan (7,383,223) (9,800,000)
Net cash provided by (used in) financing activities 3,937,784 (3,168,925)
EFFECT OF EXCHANGE RATE ON CASH 8,686 3,484
CHANGES IN CASH AND CASH EQUIVALENT (1,294,205) (5,185,583)
CASH AND CASH EQUIVALENT, beginning of period 2,007,890 7,377,837
CASH AND CASH EQUIVALENT, end of period (1) 713,685 2,192,254
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income tax 0 0
Cash paid for interest 72,304 207,064
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Derivative liability - conversion option 1,264,600 0
Common stock issued for conversions of note payable 2,597,000 0
Right of use assets derecognized due to termination of operating leases 0 434,033
Note receivable from sale of subsidiaries $ 2,300,000 $ 0