v3.26.1
REVISIONS OF PRIOR-YEAR COMPARATIVE AMOUNTS (Tables)
 12 Months Ended
Jun. 30, 2025
Equity [Abstract]  
SCHEDULE OF CONSOLIDATED STATEMENTS OF BALANCE SHEET

Summary of Restated Comparative Amounts (June 30, 2024)

 

 Consolidated balance sheet line item   As previously
reported		   Revisions   As revised 
             
Accrued share-based compensation for nonemployee  $-   $139,191   $139,191 
Accrued share-based compensation for employee  $-    135,679    135,679 
Total current liabilities  $2,478,231   $275,659   $2,753,890 
Total liabilities  $2,569,398   $275,659   $2,845,057 
                
Common stock  $1,199,358   $21,988   $1,221,346 
Common stock to be issued  $22,887   $(22,887)  $- 
Common stock to be cancelled  $(375)  $375   $- 
Additional paid-in capital  $49,921,380   $(274,346)  $49,647,034 
Total equity  $37,591,140   $(274,870)  $37,316,270 
Total equity and liabilities  $40,160,538   $789   $40,161,327 
 

As a result of the above adjustments, comparative amounts for the year ended June 30, 2024 have been revised to reflect the correction of classification errors and to conform to the current year presentation.

 

Consolidated balance sheet line item  As previously reported   Revisions   As revised 
             
Accounts receivables  $65,960   $789   $66,749 
Prepaid share-based compensation-nonemployees  $-   $135,144   $135,144 
Prepayments  $222,173   $(200,666)  $26,507 
Total current assets  $3,494,419   $(64,733)  $3,429,686 
                
Prepaid share-based compensation-nonemployees  $-   $65,522   $65,522 
Total non-current assets  $36,666,119   $65,522   $36,731,641 
Total assets  $40,160,538   $789   $40,161,327 
                
Accounts payable  $92,250   $(717)  $91,533 
Other payables  $517,189   $(56,177)  $461,012 
Amount due to related parties  $327,867   $57,683   $385,550 
Total current liabilities  $2,478,231   $275,659   $2,753,890 
Total liabilities  $2,569,398   $275,659   $2,845,057 
 
SCHEDULE OF CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

Consolidated statements of changes in stockholders’ equity line item

 

   No. of shares   Amount   issued   cancelled   capital   Total 
   Common stock   Common stock to be    Common stock to be   

Additional

paid-in

     
   No. of shares   Amount   issued   cancelled   capital   Total 
Shares issued for private placement                              
- As previously reported   22,662,899   $22,663   $-   $-   $2,128,544   $2,151,207 
- Revisions   21,988,333   $21,988   $-   $-   $2,145,012   $46,818,232 
- As revised   44,651,232   $44,651   $-   $-   $4,273,556   $48,969,439 
Shares to be issued for private placement                              
- As previously reported   21,988,335   $-   $21,988   $-   $2,145,012   $2,167,000 
- Revisions   (21,988,335)  $-   $(21,988)  $-   $(2,145,012)  $(2,167,000)
- As revised   -   $-   $-   $-   $-   $- 
Common stock subject to forfeiture                              
- As previously reported   -   $-   $-   $(1,175)  $(175,105)  $(176,280)
- Revisions   -   $-   $-   $1,175   $175,105   $176,280 
- As revised   -   $-   $-   $-   $-   $- 
Shares cancelled                              
                               
- As previously reported   (800,000)  $800   $-   $800   $-   $- 
- Revisions   295,076   $295   $-   $(800)  $(175,480)  $(175,985)
- As revised   (504,924)  $(505)  $-   $-   $(175,480)  $(175,985)
Shares to be issued to service providers                              
- As previously reported   397,108   $-   $397   $-   $138,794   $139,191 
- Revisions   (397,108)  $-   $(397)  $-   $(138,794)  $(139,191)
- As revised   -   $-   $-   $-   $-   $- 
Shares to be issued to employee                              
- As previously reported   501,580   $-   $502   $-   $135,177   $135,679 
- Revisions   (501,580)  $-   $(502)  $-   $(135,177)  $(135,679)
- As revised   -   $-   $-   $-   $-   $- 
Reissued shares previously cancelled to service providers                              
- As previously reported   295,076   $295   $-   $-   $-   $295 
- Revisions   (295,076)  $(295)  $-   $-   $-   $(295)
- As revised   -   $-   $-   $-   $-   $- 
Balance as of June 30, 2024                              
- As previously reported   1,222,245,276   $1,199,358   $22,887   $(375)  $49,921,380   $37,591,140 
- Revisions   (898,690)  $21,988   $(22,887)  $375   $(274,346)  $(274,870)
- As revised   1,221,346,586   $1,221,346   $-   $-   $49,647,034   $37,316,270 
SCHEDULE OF CONSOLIDATED STATEMENTS OF CASH FLOWS

The revisions of the consolidated statements of cash flows includes the correction of classification errors related to certain lease-related cash flows, which were previously misclassified between operating and financing activities. These amounts have been reclassified in accordance with the appropriate guidance under ASC 842, Leases. This correction did not impact the total net change in cash for the period.

 

Consolidated statements of cash flows line item  As previously reported   Revisions   As revised 
             
Operating lease expense  $45,926   $(17,686)  $28,240 
Repayment of operating lease liabilities  $-   $(28,240)  $(28,240)
Total cash flows from operating activities  $(2,042,064)  $(45,926)  $(2,087,990)
                
Lease interest paid  $(45,926)  $45,926   $- 
Total cash flows from financing activities  $4,081,720   $45,926   $4,127,646