v3.26.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Jun. 30, 2024
Current asset:    
Cash and cash equivalents $ 1,021,112 $ 279,137
Deposits with banks 1,276,484 2,000,000
Accounts receivable 188,415 66,749
Inventories 284,561 309,144
Amounts due from related party [1] 100 100
Prepaid share-based compensation- nonemployees 455,291 135,144
Prepayments 46,605 26,507
Other receivables and deposits 15,647 6,862
Total current assets before discontinued operation 3,288,215 2,823,643
Assets held for sale 4,000 606,043
Total current assets 3,292,215 3,429,686
Non-current assets:    
Property, plant and equipment, net 1,574,984 2,916,006
Right of use assets, net 518,375 509,482
Intangible assets 33,503,771 33,160,631
Security deposit 80,000 80,000
Prepaid share-based compensation- nonemployees 126,047 65,522
Total non-current assets 35,803,177 36,731,641
TOTAL ASSETS 39,095,392 40,161,327
Current liabilities:    
Accounts payable 55,092 91,533
Other payables 545,963 461,012
Deposit and accrued liabilities 371,837 83,671
Finance lease liabilities 22,323
Finance lease liabilities – assets held for sale 603,252
Current portion of operating lease liabilities 38,311 24,881
Bank loan 211,440
Promissory notes to related party 591,170
Total current liabilities 1,634,982 2,753,890
Non-current liabilities:    
Finance lease liabilities 86,565
Operating lease liabilities, net of current portion 91,639 4,602
Total non-current liabilities 91,639 91,167
TOTAL LIABILITIES 1,726,621 2,845,057
Commitments and contingencies
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value; 10,000,000,000 shares authorized; 1,262,680,891 and 1,221,346,586 issued and outstanding as of June 30, 2025 and 2024 1,262,680 1,221,346
Additional paid-in capital 54,530,117 49,647,034
Accumulated other comprehensive income (160,809) (71,906)
Accumulated deficit (18,263,181) (13,480,204)
Stockholders' Equity Before Non controlling interest 37,368,807 37,316,270
Non-controlling interest (36)
Stockholders’ equity 37,368,771 37,316,270
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 39,095,392 40,161,327
Non-employee [Member]    
Current liabilities:    
Accrued share-based compensation 44,288 139,191
Employee [Member]    
Current liabilities:    
Accrued share-based compensation 44,877 135,679
Director [Member]    
Current liabilities:    
Amounts due to related parties [2] 209,640 4,188
Related Party [Member]    
Current liabilities:    
Amounts due to related parties $ 324,974 $ 385,550
[1] Encik Anuar bin Ismail, an indirect significant shareholder, is a director of Vetrolysis Limited.
[2] Mr. Jack Wong is the Chief Executive Officer of the Company effective October 1, 2022. Further, Jack Wong was re-elected Director of the Company by Waiver and Consent of Shareholders, effective March 30, 2024. This represents remaining balance of the special bonus of $1.25 million to CEO Jack Wong approved by the Board of the Company on December 9, 2024. On December 10, 2024, CEO Jack Wong entered into the Wong Agreement to purchase the Property located at 1138 Wildhorse Parkway Drive, Chesterfield, Missouri 63005 owned by VRI, for a current market value of $857,500.The Board also approved the option for this amount to be repaid through monthly installments deducted from the bonus over 26 pay cycles starting from January 2025. This transaction shall be structured as a sale and purchase agreement between the Company and CEO Jack Wong, with no cash exchange involved. The remaining balance of the bonus shall be allocated to cover any taxes associated with the bonus on behalf of CEO Jack Wong