v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Jun. 30, 2025
Jun. 30, 2024
Current Assets:      
Cash $ 4,042,661 $ 5,648,749 $ 3,751,921
Accounts receivable, net 288,319 287,193 261,821
Prepayments and other current assets 7,900,779 788,351 555,070
Short-term investment 10,300,869
Total Current Assets 12,649,632 18,375,425 5,109,072
Vessels, net 47,871,907 49,722,428 53,223,618
Property and equipment, net 47,882 6,506 4,686
Deferred dry dock cost, net 1,107,701 682,637 959,924
Right-of-use asset-operating lease, net 1,560,385 4,587,352
Deferred IPO cost   287,835
Prepayments and other non-current assets 1,535,959 475,000 975,000
Total Non-Current Assets 50,563,449 52,446,956 60,038,415
Total Assets 63,213,081 70,822,381 65,147,487
Current Liabilities:      
Current maturity of long-term loan 1,445,984 1,656,288 1,656,288
Accounts payable 854,400 1,025,427 1,035,506
Accrued expenses and other current liabilities 1,238,745 1,113,103 314,919
Operating lease liabilities – current 1,437,353 3,026,234
Financing lease liabilities – current 3,279,203 3,338,390 3,256,190
Long-term payable, current 507,479 1,050,000
Total Current Liabilities 28,818,311 34,064,396 35,404,025
Long-term loan 655,907 1,252,657 2,848,986
Long-term payable   440,129
Operating lease liabilities – non-current   1,572,994
Financing lease liabilities-non-current 9,035,680 10,677,310 13,948,550
Convertible debt 117,605  
Total Non-Current Liabilities 9,809,192 11,929,967 18,810,659
Total Liabilities 38,627,503 45,994,363 54,214,684
COMMITMENTS AND CONTINGENCIES
Shareholders’ Equity:      
Ordinary shares, value [1]   2,668 2,500
Subscription receivable   (1,350,000)
Additional paid-in capital 14,897,248 12,457,680 3,016,900
Retained earnings 9,685,281 12,367,670 9,263,403
Total Shareholders’ Equity 24,585,578 24,828,018 10,932,803
Non-controlling interest  
Total Equity 24,585,578 24,828,018 10,932,803
Total Liabilities and Shareholders’ Equity 63,213,081 70,822,381 65,147,487
Class A Ordinary Shares      
Shareholders’ Equity:      
Ordinary shares, value [2] 2,533 2,152  
Class B Ordinary Shares      
Shareholders’ Equity:      
Ordinary shares, value [2] 516 516  
Related Party      
Current Assets:      
Accounts receivable 5,000 1,018,315 136,942
Due from related parties 412,873 331,948 403,318
Current Liabilities:      
Contract liabilities 497,360 433,125 213,209
Due to related parties $ 21,502,619 $ 24,553,231 $ 24,851,679
[1] Shares and per share data are presented on a retroactive basis to reflect the recapitalization as described in Note 12.
[2] Shares and per share data are presented on a retroactive basis to reflect the recapitalization and 25:1 share consolidation effective April 2, 2026 as described in Note 13.