v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Jun. 30, 2025
Jun. 30, 2024
Current assets:      
Cash and cash equivalents $ 2,129,576 $ 1,021,112 $ 279,137
Short-term investments 1,276,484 2,000,000
Accounts receivable 465,029 188,415 66,749
Inventories 287,045 284,561 309,144
Amount due from related party [1] 100 [2] 100 [2]
Prepaid share-based compensation-nonemployees 140,604 455,291 135,144
Prepayments 85,154 46,605 26,507
Other receivables and deposits 9,675 15,647 6,862
Total current assets before discontinued operation 3,117,083 3,288,215 2,823,643
Assets held for sale 4,000 4,000 606,043
Total current assets 3,121,083 3,292,215 3,429,686
Non-current assets:      
Property, plant and equipment, net 1,478,370 1,574,984 2,916,006
Right of use assets, net 407,069 518,375 509,482
Intangible assets 33,665,611 33,503,771 33,160,631
Deposits paid 80,000 80,000 80,000
Prepaid share-based compensation- nonemployees 187,829 126,047 65,522
Total non-current assets 35,818,879 35,803,177 36,731,641
TOTAL ASSETS 38,939,962 39,095,392 40,161,327
Current liabilities:      
Accounts payable 54,423 55,092 91,533
Other payables 350,125 545,963 461,012
Deposit and accrued liabilities 48,483 371,837 83,671
Finance lease liabilities   22,323
Finance lease liabilities – assets held for sale   603,252
Current portion of operating lease liabilities 40,877 38,311 24,881
Bank loan   211,440
Promissory notes to related party   591,170
Total current liabilities 875,419 1,634,982 2,753,890
Non-current liabilities:      
Finance lease liabilities   86,565
Operating lease liabilities, net of current portion 60,658 91,639 4,602
Total non-current liabilities 60,658 91,639 91,167
TOTAL LIABILITIES 936,077 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; 1,302,942,407 and 1,262,680,891 issued and outstanding as of March 31, 2026 and June 30, 2025 1,302,942 1,262,680 1,221,346
Additional paid-in capital 57,553,229 54,530,117 49,647,034
Accumulated other comprehensive loss (222,369) (160,809) (71,906)
Accumulated deficit (20,627,172) (18,263,181) (13,480,204)
Stockholders' Equity Before Non controlling interest 38,006,630 37,368,807 37,316,270
Non-controlling interest (2,745) (36)
Stockholders’ equity 38,003,885 37,368,771 37,316,270
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 38,939,962 39,095,392 40,161,327
Non-employee [Member]      
Current liabilities:      
Accrued share-based compensation 4,750 44,288 139,191
Employee [Member]      
Current liabilities:      
Accrued share-based compensation 78,271 44,877 135,679
Director [Member]      
Current liabilities:      
Amounts due to related parties 3,033 [3] 209,640 [3],[4] 4,188 [4]
Related Party [Member]      
Current liabilities:      
Amounts due to related parties $ 295,457 $ 324,974 $ 385,550
[1] Encik Anuar bin Ismail, an indirect significant shareholder, is a director of Vetrolysis Limited.
[2] Encik Anuar bin Ismail, an indirect significant shareholder, is a director of Vetrolysis Limited.
[3] This amount represent expenses incurred and paid by Jack Wong on behalf of the Company. The balance as of June 30, 2025 represented the remaining balance of the special bonus of $1.25 million to the Company’s Chairman and Chief Executive Officer Jack Wong, approved by the Board of the Company on December 9, 2024. On December 10, 2024, Mr. Wong entered into a Sale and Purchase Agreement to purchase the property located at 1138 Wildhorse Parkway Drive, Chesterfield, Missouri 63005 owned by Verde Renewables, 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 was structured as a sale and purchase agreement between the Company and Mr. Wong, with no cash exchange involved. The remaining balance of the bonus was allocated to cover any taxes associated with the bonus on behalf of Mr. Wong and was fully settled as of March 31, 2026.
[4] 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