v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Jun. 30, 2025
Cash flows from operating activities:      
Net Income $ 195,597 $ 2,558,051 $ (6,893,491)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
(Reversal) allowance for credit loss (8,169,151) (2,016,645)  
Loss on fair value adjustment of investment in securities 8,377,193  
Loss on fair value adjustment of digital assets 6,650,232  
Reverse of impairment loss for other long-term assets (4,460,000)  
Depreciation and amortization 47,457 36,608  
Amortization of operating lease right-of-use asset 274,693 320,863  
Investment loss (24,728) 26,235  
Gain on disposal of distressed assets (614,120)  
Gain on disposal of subsidiary (1,469,649)  
Gain on disposal of equity interest (400)  
Changes in assets and liabilities:      
Accounts receivable 16,543,948 (3,976,742)  
Advance to suppliers (3,123,133) 4,851,717  
Prepaid expenses and other current assets (4,362,496) 377,945  
Other non-current assets 5,272,976 (543,523)  
Other non-current liabilities 557,359  
Accounts payable (18,022,791) (1,029,488)  
Contract liability 751,223 (1,395,549)  
Taxes payable (406,913) 38,591  
Accrued liabilities and other payables 1,235,084 460,037  
Operating lease liability (13,849) (123,910)  
Net cash (used in) provided by operating activities (1,318,827) 141,549  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (98,097) (12,634)  
Increase on acquisition of subsidiaries 9,968  
Cash paid on acquisition of a subsidiary (70)  
Decrease on disposal of subsidiaries (26,515)  
Proceeds on disposition of equity investment 12,053  
Proceeds from related party on disposal of a subsidiary 250,812  
Proceeds from disposal of distressed assets 614,120  
Repayment from related party 164,319 394,471  
Investment in digital assets (33,000,000)  
Investment of equity investments (26,672) (9,999,600)  
Proceeds in films, net 584,813  
Net cash (used in) provided by investing activities (31,788,102) (9,344,930)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from short-term bank loans 3,515,126 2,981,872  
Repayments of short-term bank loans (3,471,608) (2,703,192)  
Repayments of long-term bank loans (367,797) (210,403)  
Issuance of Ordinary Shares 36,500,000 10,000,000  
Payment for offering cost (1,200,000) (35,806)  
Net cash provided by financing activities 34,975,721 10,032,471  
Effect of exchange rate changes 28,376 (18,335)  
Net increase in cash 1,897,168 810,755  
Cash and restricted cash at beginning of period 2,926,317 230,563 230,563
Cash and restricted cash at end of period 4,823,485 1,041,318 $ 2,926,317
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Income tax paid 93,529 12,821  
Interest expense paid 142,593 133,546  
NONE CASH ACTIVITIES:      
Shares issued for acquisition of a subsidiary 1,100,000  
Cash not paid on acquisition of a subsidiary 27,102  
Right-of-use assets obtained in exchange for operating new lease liabilities 43,117,875  
Assets exchange for an investment 10,000,000  
Proceeds on disposal of an investment not received 140,380  
Proceeds on disposal of a subsidiary not received $ 9,913,992