v3.26.3
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Jun. 30, 2025
Current assets    
Cash $ 57,275 $ 14,533,829
Restricted cash 2,093,955 3,118,067
Notes receivable 9,634 32,548
Accounts receivable 928,389 396,744
Advances to suppliers 19,248,432 1,084
Prepaid expenses and other current assets 98,517 52,068
Total current assets 22,436,202 18,134,340
Non-current assets    
Right-of-use asset 31,293 84,370
Other long-term assets - deposits 10,192
Total non-current assets 31,293 94,562
Total Assets 22,467,495 18,228,902
Current Liabilities    
Loans from third parties 863,221 999,940
Accounts payable 939,789 701,080
Lease liability - current 31,293 53,286
Taxes payable 3,427,863 3,250,473
Judgment debt payable 150,000 488,586
Class action settlement 3,800,000
Accrued expenses and other current liabilities 1,555,723 1,256,969
Total current liabilities 11,941,760 7,274,565
Non-Current Liabilities    
Loans from third parties 2,918,200 466,321
Lease liability - non-current 31,084
Total non-current liabilities 2,918,200 497,405
Total liabilities 14,859,960 7,771,970
Commitments and Contingencies
Shareholders’ Equity:    
Preferred share, 2,000,000 shares authorized, no par value, nil and nil shares issued and outstanding as of June 30, 2026 and 2025, respectively
Common share, 50 billion shares authorized, no par value; 520,964 and 300,249 shares issued and outstanding as of June 30, 2026 and 2025, respectively [1] 107,621,633 105,333,048
Additional paid-in capital 2,334,962 2,334,962
Accumulated deficit (100,481,098) (94,597,445)
Accumulated other comprehensive losses (768,792) (596,914)
Total Shareholders’ Equity attributable to controlling shareholders of the Company 8,706,705 12,473,651
Non-controlling Interest (1,099,170) (2,016,719)
Total Equity 7,607,535 10,456,932
Total Liabilities and Equity 22,467,495 18,228,902
Related Parties    
Current Liabilities    
Due to related parties $ 1,173,871 $ 524,231
[1] Retrospectively restated for the effect of a 1-for-14 reverse share split on July 27, 2026.