v3.26.3
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Jun. 30, 2025
Current asset:    
Cash and cash equivalents $ 1,786,407 $ 1,021,112
Short-term investments 1,276,484
Accounts receivable 5,019 188,415
Inventories 228,529 284,561
Amounts due from related party [1] 100
Prepaid share-based compensation- nonemployees 114,358 455,291
Prepayments 175,306 46,605
Other receivables and deposits 10,149 15,647
Total current assets before discontinued operation 2,319,768 3,288,215
Assets held for sale 4,000
Total current assets 2,319,768 3,292,215
Non-current assets:    
Property, plant and equipment, net 1,406,684 1,574,984
Right of use assets, net 375,425 518,375
Intangible assets 33,631,731 33,503,771
Deposits paid 80,000 80,000
Prepayments 87,500
Prepaid share-based compensation- nonemployees 160,326 126,047
Total non-current assets 35,741,666 35,803,177
TOTAL ASSETS 38,061,434 39,095,392
Current liabilities:    
Accounts payable 44,318 55,092
Other payables 318,587 545,963
Deposit and accrued liabilities 86,338 371,837
Current portion of operating lease liabilities 44,224 38,311
Total current liabilities 892,008 1,634,982
Non-current liabilities:    
Operating lease liabilities, net of current portion 52,505 91,639
Total non-current liabilities 52,505 91,639
TOTAL LIABILITIES 944,513 1,726,621
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; 1,304,292,407 and 1,262,680,891 issued and outstanding as of June 30, 2026 and 2025 1,304,292 1,262,680
Additional paid-in capital 57,660,851 54,530,117
Accumulated other comprehensive losses (202,978) (160,809)
Accumulated deficit (21,642,499) (18,263,181)
Stockholders' Equity Before Non controlling interest 37,119,666 37,368,807
Non-controlling interest (2,745) (36)
Stockholders’ equity 37,116,921 37,368,771
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 38,061,434 39,095,392
Nonemployee [Member]    
Current liabilities:    
Accrued share-based compensation 62,451 44,288
Employee [Member]    
Current liabilities:    
Accrued share-based compensation 44,877 44,877
Director [Member]    
Current liabilities:    
Amounts due to related parties [2] 2,092 209,640
Related Party [Member]    
Current liabilities:    
Amounts due to related parties $ 289,121 $ 324,974
[1] Encik Anuar bin Ismail, an indirect significant shareholder, is a director of Vetrolysis Limited.
[2] This amount represents 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 June 30, 2026.