v3.26.3
Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2026
Income Taxes [Abstract]  
Schedule of Pre-Tax Income, Disaggregated

For the years ended June 30, 2026 and 2025, total pre-tax income, disaggregated by U.S. and foreign sources, is presented below:

 

    For the Years Ended June 30,  
    2026     2025  
Pre-tax loss from U.S, operations   $ (5,667,830 )   $ (2,935,846 )
Pre-tax loss from PRC operations     (242,801 )     (348,455 )
Net loss before income tax expenses   $ (5,910,631 )   $ (3,284,301 )
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,  
    June 30,     June 30,  
    2026     2025  
Current            
U.S.     -     $ 30,230  
PRC     -       -  
Total income tax expenses     -     $ 30,230  
Schedule of Cash Payments for Income Taxes, Disaggregated by Taxing Jurisdiction

Total cash payments for income taxes, disaggregated by taxing jurisdiction for the respective fiscal years, are as follows:

 

    For the Years Ended June 30,  
    2026     2025  
Federal income tax paid (U.S.)     -     $ 21,000  
State income tax paid (U.S.)     -       9,230  
Foreign (PRC) income tax paid     -       -  
Total cash income tax paid     -     $ 30,230  
Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles the expected income tax expense calculated by applying the U.S. federal statutory corporate tax rate of 21% to the Company’s consolidated pre-tax profit, to the actual total income tax expense recorded in the statements of operations for the respective periods:

 

    For the Years Ended June 30,  
    2026     2026     2025     2025  
    Dollar     Effective     Dollar     Effective  
    Amount     tax rate     Amount     tax rate  
US Statutory tax rate   $ (1,241,134 )     21.0 %   $ (822,804 )     21.0 %
Change in valuation allowance     1,371,736       (23.3 %)     834,566       (19.8 %)
Rate differential in foreign jurisdiction     (130,602 )     2.3 %     18,468       (0.3 %)
Total     -       -     $ 30,230       0.9 %
Schedule of Deferred Tax Assets

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

 

    As of     As of  
    June 30,     June 30,  
    2026     2025  
Allowance for credit losses                
PRC   $ 389,000     $ 368,000  
                 
Net operating loss                
U.S.     23,506,000       22,932,000  
PRC     307,000       222,000  
Total deferred tax assets     24,202,000       23,522,000  
Valuation allowance     (24,202,000 )     (23,522,000 )
Deferred tax assets, net - long-term     -       -  
Schedule of Taxes Payable

The Company’s taxes payable consists of the following:

 

    As of     As of  
    June 30,     June 30,  
    2026     2025  
Corporate income tax payable   $ 2,267,124     $ 2,151,691  
VAT tax payable     1,105,775       1,046,456  
Other taxes payable     54,964       52,326  
Total   $ 3,427,863     $ 3,250,473