v3.26.3
Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2026
Income Taxes [Abstract]  
Schedule of Loss Before Income Tax by Jurisdiction

Loss before income tax by jurisdiction for the years ended June 30, 2026 and 2025 are as following:

 

    For the Years Ended
June 30,		  
    2026     2025  
             
Domestic   $ (52,407,037 )   $ (117,477 )
Foreign     (272,599 )     (8,825,916 )
Total loss before income tax   $ (52,679,636 )   $ (8,943,393 )
Schedule of Income Tax Expenses

The Company’s income tax expenses for years ended June 30, 2026 and 2025 are as follows: 

 

    For the Years Ended
June 30,		  
    2026     2025  
Federal            
Current   $ (40,254 )   $ 40,254  
Deferred     —       —  
State                
Current     50,556       36,489  
Deferred     —       —  
Total provision for income taxes     10,302       76,743  
Schedule of Effective Tax Rate Reconciliations between the expected federal income tax rates using 21% for the years ended June 30, 2026 and 2025 to the Company’s effective tax rate are as follows:
    For the Years Ended
June 30, 2026		  
             
Federal statutory tax rate   $ (11,062,723 )     21.0 %
State and local statutory tax rate, net of deduction on federal tax return (Texas and other states)     50,559       (0.1 )%
Foreign tax effects (Singapore and other foreign country)     57,246       (0.1 )%
Permanent difference     4,075       (0.0 )%
Others     (2,062,747 )     4.0 %
Change in valuation allowance     13,023,892       (24.8 )%
Effective tax rate   $ 10,302       (0.0 )%

 

    For the Years Ended
June 30, 2025*		  
             
Federal statutory tax rate   $ (1,877,934 )     21.0 %
State statutory tax rate, net of deduction on federal tax return     8,622       (0.1 )%
Permanent difference     1,199,632       (13.5 )%
Others     102,599       (1.1 )%
Change in valuation allowance     643,824       (7.2 )%
Effective tax rate   $ 76,743       (0.9 )%

 

* This is based on the prior method before the ASU 2023-09 adoption.
Schedule of Deferred Tax Accounts

The Company’s deferred tax accounts are comprised of the following as of:

 

    June 30,
2026		     June 30,
2025		  
Deferred tax assets            
Net operating loss   $ 14,312,592     $ 1,721,161  
Capitalized R&D expense     835,625       516,994  
Accrued warranty expense     92,911       70,385  
Lease liabilities     8,085,755       236,020  
Allowance for credit losses     584,498       195,696  
Stock-based compensation expenses     -       166,847  
Depreciation of property and equipment     3,863       -  
Less:  valuation allowance     (15,892,452 )     (2,678,143 )
Total deferred tax assets     8,022,792       228,960  
                 
Deferred tax liabilities:                
Depreciation of property and equipment   $ -     $ (1,066 )
Right of use assets     (8,022,792 )     (227,894 )
Total deferred tax liability     (8,022,792 )     (228,960 )
Total deferred tax accounts, net   $ -     $ -  
Schedule of Cash Paid for Income Taxes

The following is a supplemental schedule of cash paid for income taxes:

 

    Year Ended June 30,  
    2026      2025  
Cash paid during the period for income taxes, net of refunds:            
Federal   $ —     $ —  
State                
Arizona     —       50  
California     6,400       800  
New Jersey     4,000       —  
Texas     28,929       —  
Verginia     3,000       —  
Total cash paid during the period for income taxes   $ 42,329     $ 850