| Schedule of Parent Company Balance Sheets |
As of December 31, 2025, the Company did not have
significant capital commitments and other significant commitments, or guarantees, except for those which have been separately disclosed
in the consolidated financial statements.
| | |
As of December 31, | | |
As of June 30, | |
| | |
2025 | | |
2025 | |
| ASSETS | |
| | |
| |
| Cash | |
$ | 39,404 | | |
$ | 1,356,601 | |
| Prepaid expenses and other current assets | |
| 3,047,913 | | |
| 2,457,913 | |
| Due from subsidiaries and the VIE | |
| 58,319,743 | | |
| 8,117,149 | |
| Assets held for sale | |
| - | | |
| 9,999,600 | |
| TOTAL CURRENT ASSETS | |
| 61,407,060 | | |
| 21,931,263 | |
| | |
| | | |
| | |
| Deficits in subsidiaries, consolidated VIE and VIE’s subsidiaries | |
| (2,876,487 | ) | |
| (266,366 | ) |
| TOTAL ASSETS | |
| 58,530,573 | | |
| 21,664,897 | |
| | |
| | | |
| | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |
| | | |
| | |
| Other Payable | |
$ | 245,776 | | |
$ | 83,271 | |
| TOTAL CURRENT LIABILITIES | |
$ | 245,776 | | |
$ | 83,271 | |
| TOTAL LIABILITIES | |
$ | 245,776 | | |
$ | 83,271 | |
| | |
| | | |
| | |
| SHAREHOLDERS’ EQUITY | |
| | | |
| | |
| Ordinary shares (par value $0.01 per share; 264,400,000 Class A ordinary shares authorized; 71,362,733 and 16,362,733 Class A ordinary shares issued and outstanding as of December 31, 2025 and June 30, 2025, respectively; 30,600,000 Class B ordinary shares authorized, 10,576,308 and 576,308 Class B ordinary shares issued and outstanding as of December 31, 2025 and June 30, 2025, respectively, 1,000,000 Class C ordinary shares authorized, nil Class C shares issued and outstanding as of December 31, 2025 and June 30, 2025) | |
| 819,390 | | |
| 169,390 | |
| Subscription receivable | |
| (15,441 | ) | |
| (15,441 | ) |
| Additional paid-in capital | |
| 90,043,880 | | |
| 55,369,555 | |
| Retained earnings | |
| (32,140,840 | ) | |
| (32,356,441 | ) |
| Accumulated other comprehensive loss | |
| (422,192 | ) | |
| (1,585,437 | ) |
| TOTAL SHAREHOLDERS’ EQUITY | |
| 58,284,797 | | |
| 21,581,626 | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | |
$ | 58,530,573 | | |
$ | 21,664,897 | |
|
| Schedule of Parent Company Statements of Comprehensive Income |
| | |
For the Six Months Ended
December 31, | |
| | |
2025 | | |
2024 | |
| Revenue | |
$ | - | | |
$ | 219,971 | |
| Cost of revenue | |
| - | | |
| (214,249 | ) |
| Gross profit | |
| - | | |
| 5,722 | |
| | |
| | | |
| | |
| General and administrative expenses | |
| 447,987 | | |
| 260,403 | |
| Financial expenses | |
| (815 | ) | |
| (23 | ) |
| Reverse of impairment | |
| (4,460,000 | ) | |
| - | |
| Income (loss) from operation | |
| 4,012,828 | | |
| (254,658 | ) |
| Other income (expenses), net | |
| 464 | | |
| (394 | ) |
| Share of income of subsidiaries, consolidated VIE, and VIE’s subsidiaries | |
| (3,797,691 | ) | |
| 2,795,731 | |
| | |
| | | |
| | |
| Income before income tax expense | |
| 215,601 | | |
| 2,540,679 | |
| Income tax expense | |
| - | | |
| - | |
| Net income | |
$ | 215,601 | | |
$ | 2,540,679 | |
| Other Comprehensive income (loss): | |
| | | |
| | |
| Foreign currency translation income (loss) | |
| 1,163,245 | | |
| (100,093 | ) |
| Total comprehensive income | |
$ | 1,378,846 | | |
$ | 2,440,586 | |
|
| Schedule of Parent Company Statements of Cash Flows |
| | |
For the Six Months Ended December 31, | |
| | |
2025 | | |
2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |
| | |
| |
| Net income | |
| 215,601 | | |
| 2,540,679 | |
| Reverse of impairment | |
| (4,460,000 | ) | |
| - | |
| Gain on disposal of equity investment | |
| (400 | ) | |
| - | |
| Equity loss (income) of subsidiaries | |
| 3,797,691 | | |
| (2,795,731 | ) |
| Changes in operating assets and liabilities | |
| | | |
| | |
| Other non-current assets | |
| 4,460,000 | | |
| - | |
| Other current assets | |
| (590,000 | ) | |
| 294,000 | |
| Due from subsidiaries and the VIE | |
| (40,202,594 | ) | |
| (123,020 | ) |
| Other payable | |
| 162,505 | | |
| 130,397 | |
| Net cash (used in) provided by operating activities | |
$ | (36,617,197 | ) | |
| 46,325 | |
| | |
| | | |
| | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |
| | | |
| | |
| Investment in a subsidiary | |
| - | | |
| (9,999,600 | ) |
| Net cash used in investing activities | |
| - | | |
| (9,999,600 | ) |
| | |
| | | |
| | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |
| | | |
| | |
| Issuance of Ordinary Shares | |
| 36,500,000 | | |
| 10,000,000 | |
| Payment for deferred offering costs | |
| (1,200,000 | ) | |
| (35,806 | ) |
| Net cash provided by financing activities | |
| 35,300,000 | | |
| 9,964,194 | |
| | |
| | | |
| | |
| Net increase (decrease) in cash | |
| (1,317,197 | ) | |
| 10,919 | |
| Cash at the beginning of the period | |
| 1,356,601 | | |
| 10,711 | |
| Cash at the end of the period | |
$ | 39,404 | | |
| 21,630 | |
|