v3.26.3
Consolidated Statements of Cash Flows
 12 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Cash flows from operating activities:    
Net loss $ (9,484,030) $ (5,246,136)
Less: Income (Loss) from discontinued operation, net of tax provision 654,388 (3,347,354)
Net loss from continuing operations (10,138,418) (1,898,782)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 52,012 15,809
Amortization of intangible asset 85,484 53,427
Lease expense of operating lease assets 94,413 80,419
Provision of allowance for expected credit loss on accounts receivable 58,801 32,807
Provision of allowance for expected credit loss on loan receivable 2,256,647
Write-off of supplier advance 2,859,594
Amortized interest expense 109,753 138,994
Accrued interest expense of convertible debt 10,338 39,804
Deferred tax expense (82,900) (21,559)
Interest income (268,711) (28,120)
Stock-based compensation expense for consulting services 3,254,580
Changes in operating assets and liabilities:    
Accounts receivable 279,861 (1,439,727)
Note receivables 66,732 (65,152)
Inventories (91,890) (96,534)
Right of return asset (341,296) (141,687)
Prepayment, deposit and other receivable (2,840,631) (150,919)
Accounts payables (411,766) 1,018,228
Contract liabilities 54,409 15,355
Accrued expense and other payables 772,122 1,450,463
Due to a related party 220,220
Refund liabilities 745,330 77,235
Income tax payable 154,119 233,078
Operating lease liabilities (82,497) (91,969)
Net cash used in operating activities from continuing operations (3,183,694) (778,830)
Cash flows from investing activities:    
Purchase of furniture and equipment (2,048) (20,436)
Payment for leasehold improvement (50,741)
Cash payment for assets acquisition (552,721)
Cash acquired from assets acquisition 276,365
Loan to a third party (9,150,361)
Interest received from loan to third parties 16,740
Net cash used in investing activities from continuing operations (9,152,409) (330,793)
Cash flows from financing activities:    
Proceeds from loan borrowing 162,942
Repayment of loans (23,946)
Net proceeds from issuance of convertible notes 1,170,513
Repayment of principal of convertible debt (432,948) (296,852)
Repayment of equipment and vehicle loans (11,695)
Proceeds from initial public offering, net of share issuance costs 5,351,581
Proceeds from a private placement 8,236,231 2,999,700
Repayment to shareholders (805,946)
Net cash provided by financing activities from continuing operations 7,767,642 8,581,938
CASH FLOWS FROM DISCONTINUED OPERATION    
Operating activities (1,383,504) (1,876,176)
Investing activities (357,468)
Financing activities 1,409,852 (415,473)
Cash outflow in connection with sales of ABL Chicago (167,536)
Net cash used in discontinued operation (141,188) (2,649,117)
Effect of exchange rate changes on cash 423,870 9,312
Net (decrease) increase in cash (4,285,779) 4,832,510
Cash, beginning of the year – continuing operation 4,814,872 2,000
Cash, beginning of the year – discontinued operation 141,188 121,550
Total cash, beginning of the year 4,956,060 123,550
Cash, end of the year 670,281 4,956,060
Less: cash and cash equivalents of discontinued operations 141,188
Cash, end of the year for continuing operations 670,281 4,814,872
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for income tax 18,009 2,415
Cash paid for interest 455,152 176,679
NON-CASH ACTIVITIES    
Issuance of common shares in exchange for consulting service 4,422,700
Convertible notes converted to common shares 512,733
Addition to property and equipment included in loan payable 69,219 102,235
Property disposal through loan payable 93,770
Right of use assets obtained in exchange for operating lease obligations 1,451,938
Right of use assets obtained in exchange for finance lease obligation 89,003
Additions to property and equipment through accounts payable and other payable 20,552
Additions to leasehold improvement through accounts payable and other payable 84,794
Due to shareholder offset against loan receivables from a third party 243,982
Due to shareholder offset against loan receivables related parties $ 311,185