v3.26.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET LOSS $ (52,689,938) $ (9,020,136)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 46,139 47,732
Interest expense from convertible promissory notes 140,740
Amortization of operating right-of-use assets 1,915,826 214,313
Provision of credit losses 1,811,876 913,190
Stock-based compensation expenses 1,261,554 815,678
Change in fair value of earnout liabilities (5,688,007)
(Gain) loss on disposal of equipment (2,790) 3,400
Impairments of inventories 6,981,771
Impairments of right-of-use assets 25,855,427
Change in operating assets and liabilities:    
Accounts receivable (604,942) (7,130,805)
Inventories 2,429,381 (10,918,667)
Advance to suppliers 23,584 1,227,448
Prepaid expenses and other current assets 1,045,964 (2,028,619)
Amount due from related parties - current 8,000 (7,860)
Security deposits (500) (1,125,107)
Accounts payable 7,312,418 24,848,127
Contract liabilities 1,909,028 (649,072)
Income taxes payable (33,027) (226,262)
Other payables and accrued liabilities 4,300,919 2,350,223
Other payable - related parties (268,484) (150,830)
Operating lease liabilities (1,660,200) (175,607)
Net cash used in operating activities (357,994) (6,560,121)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (68,336)
Proceeds from disposal of equipment 8,826 28,100
Net cash provided by (used in) investing activities 8,826 (40,236)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments to short-term loans (291,208)
Principal payments of long-term loan (23,743) (17,820)
Proceeds from convertible promissory note 9,000,000
Proceeds from reverse recapitalization, net of payments of transaction costs 19,710,288
Proceeds from issuance of common stock through exercise of warrants 120,750
Proceeds from contribution from non-controlling interest stockholder 55
Payments for employee taxes related to stock compensation (13,276)
Payment of redemption payable (20,499,790)
Payments of deferred transaction costs (131,400)
Net cash (used in) provided by financing activities (36,964) 7,890,820
EFFECT OF EXCHANGE RATE CHANGES (12,597) (2,458)
NET CHANGE IN CASH (398,729) 1,288,005
CASH, beginning of the year 1,875,453 587,448
CASH, end of the year 1,476,724 1,875,453
CASH AND RESTRICTED CASH, end of the year reconciliation:    
Cash and cash equivalents 1,473,268 1,875,453
Restricted cash 3,456
CASH AND RESTRICTED CASH, end of the year 1,476,724 1,875,453
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income tax 42,329 850
Cash paid for interest 5,594,233 2,507,745
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Initial recognition of operating right-of-use assets and lease liabilities 38,256,080 750,338
Modification of operating right-of-use assets and lease liabilities 121,655
Conversion of convertible promissory notes into common stock 15,408,685
Reverse recapitalization transaction costs net against additional-paid in capital 893,577
Deferred transaction costs included in other payables and accrued liabilities 300,000
Initial recognition of earnout liabilities 5,688,007
Conversion from employee advance to receivable from a third party $ 19,500