v3.26.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 3,852,045 $ 3,819,813 $ 8,590,761
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 1,764,630 1,155,390 898,505
Amortization of right-of-use assets 577,826 407,029 425,882
Provision for credit losses 20,095 20,123
Written off plant, equipment, net and intangible asset, net 6,169 180,361 3,695
Unrealized (gain) loss on short-term investments 164,555 (14,742)
Share of net loss from equity investees 12,006 25,955 4,594
Issuance of common stock for share-based compensation 333,312
Changes in operating assets and liabilities:      
Accounts receivable 2,874,765 755,819 5,521,910
Advances to suppliers (1,545,651) 384,592 2,089,822
Prepaid expenses and other current assets (1,178,932) (1,050,430) 688,566
Accounts payable 83,857 (2,453,851) (12,919,042)
Accrued expenses and other current liabilities 4,108 337,029 (250,405)
Contract liabilities (489,530) (992,919) (150,533)
Lease liabilities (477,688) (390,432) (430,453)
Taxes payable (9,276) 31,621 (11,124)
NET CASH PROVIDED BY OPERATING ACTIVITIES 5,992,291 2,215,358 4,462,178
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of plant and equipment (786,860) (37,619) (104,641)
Purchase of intangible assets (921,316) (302,704)
Payments made for short-term investments, net (3,736,728) (1,320,776)
Proceeds from return of capital contribution from long-term investments 374,490
Payments made for long-term investments (541,652)
NET CASH USED IN INVESTING ACTIVITIES (4,690,750) (2,279,711) (407,345)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from short-term loans 741,467
Net cash paid on reverse recapitalization (2,495,690)
Net cash paid for public offering (1,113,563) (1,308,598)
Repayment made to related parties (108,142)
Proceeds of related parties 107,986
Capital contribution from shareholders 2,511
Shares repurchase (599,999)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 141,468 (3,714,884) (1,200,612)
EFFECT OF EXCHANGE RATE CHANGE ON CASH 892,637 193,842 (52,073)
Net change in cash, cash equivalents and restricted cash 2,335,646 (3,585,395) 2,802,148
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — beginning of year 15,234,745 18,820,140 16,017,992
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — end of year 17,570,391 15,234,745 18,820,140
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets:      
Cash and cash equivalents 17,566,879 15,234,745 18,816,535
Restricted cash 3,512 3,605
Total cash, cash equivalents and restricted cash 17,570,391 15,234,745 18,820,140
Supplemental disclosures of cash flow information:      
Cash paid for income tax 189,411 130,741 177,190
Cash paid for interest 16,966 3,515 1,280
Cash received for interest 543,365
Supplemental disclosures of non-cash flow information:      
Lease liabilities arising from obtaining right-of-use assets 1,701,319 215,377 721,633
Issuance of common stock for share-based compensation 333,312
Non-cash transactions for reclassification of advances to suppliers and other receivables to other non-current asset $ 4,258,843