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SEGMENT REPORTING
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING

Note 17 — SEGMENT REPORTING

 

The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 280, Segment Reporting, as amended by Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires companies to disclose segment information based on how management allocates resources and evaluates operating performance.

 

The Company’s CODM is its Chief Executive Officer. The CODM regularly reviews financial information, including segment revenue, gross profit, significant segment expenses (selling expenses, research and development expenses and general and administrative expenses), segment net income (loss), and segment asset, presented on a consolidated basis for purposes of making operating decisions, assessing financial performance, and allocating resources.

 

The Company’s primary measure of segment performance is segment net income (loss). Other key measures reviewed by the CODM include segment revenue, gross profit, significant segment expenses (selling expenses, research and development expenses and general and administrative expenses), and segment assets.

 

The Company manages its operations and allocates resources as a single operating segment.

 

 

The following table includes the significant expense categories and amounts that are regularly provided to the CODM:

 

   2026   2025   2024 
   For the years ended 
   June 30, 
   2026   2025   2024 
Revenues   104,651,590    118,048,882    145,236,749 
Operating costs and expenses               
Cost of revenues   (49,480,191)   (55,860,712)   (70,658,025)
Research and development expenses   (6,343,012)   (5,694,010)   (4,788,467)
Selling and marketing expenses   (41,020,636)   (48,393,515)   (57,685,521 
General and administrative expenses   (6,431,723)   (4,710,537)   (3,756,679)
Other income, net (1)   2,476,017    429,705    242,704 
Net income   3,852,045    3,819,813    8,590,761 

 

(1) Includes other income and expenses, net and income tax expenses.