v3.26.3
Segment Information
 12 Months Ended
Jun. 30, 2026
Segment Information [Abstract]  
Segment information

Note 20 — Segment information

 

The Company conducts business as a single operating segment which is based upon the Company’s organizational and management structure, as well as information used by the Company’s CODM to allocate resources and other factors. The accounting policies of the segment are the same as those described in Note 3.

 

The key measure of segment profitability that the CODM uses to allocate resources and assess performance is consolidated net loss, as reported in the consolidated statements of operations. The following table presents the significant revenue and expense categories of the Company’s single operating segment: 

 

    For The Years Ended  
    June 30,     June 30,  
    2026     2025  
             
Revenues, net   $ 52,584,432     $ 65,919,166  
Less cost of goods sold     50,893,464       61,144,561  
Less significant segment expenses:                
Commission expenses     347,768       598,971  
Marketing consulting expenses     719,031       1,458,879  
Products testing and certification expenses     460,774       555,401  
Warranty expenses     159,463       315,873  
Marketing and advertising expenses     995,486       368,189  
Other selling and marketing expenses     313,193       107,569  
Payroll and payroll tax expenses     3,786,578       4,310,049  
Professional expenses     2,395,481       1,953,380  
Insurance expenses     668,686       622,179  
Credit losses     1,811,876       913,190  
Office expenses     314,322       329,571  
Rent expenses     3,822,318       260,527  
Travel expenses     114,838       239,999  
Impairments of right-of-use assets     25,855,427       -  
Other general and administrative     185,642       178,202  
Other research and development expenses     2,375,385       1,308,130  
Research and development expenses-related party     -       136,752  
Stock-based compensation expenses     1,261,554       815,678  
Other segment items:                
Interest expense     8,758,798       4,959,055  
Other expense (income), net     23,984       (25,589 )
Change in fair value of earnout liabilities     -       (5,688,007 )
Provision for income taxes     10,302       76,743  
Segment net loss   $ (52,689,938 )   $ (9,020,136 )