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 $ (11,622,562) $ (4,977,546)
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities:    
Depreciation and amortization expense 761,328 779,976
Reversal of inventory reserve (28,210) (335,358)
Credit loss reserve 844,272 1,569,031
Loss on equity method investment 665,933 14,342
Stock-based compensation expense (reversal) 792,375 (12,998)
Shares issued for consulting services 389,981 0
Loss on deconsolidation of VIE 41,519 0
Gain on disposition of subsidiaries (1,613,936) 0
Amortization of operating lease right of use assets 1,274,173 1,774,591
Change in FV of Derivative Liability (682,100) 0
Unrealized gain/loss on digital assets 853,856 0
Loss on extinguishment of convertible notes 2,324,402 0
Gain on sale of vehicle (63,605) 0
Impairment loss -goodwill 3,034,110 0
Discount on note receivable 499,016 0
Amortization of debt premium / discount and non-cash financing costs 395,701 125,906
Change in operating assets and liabilities    
Accounts receivable 1,752,308 7,047,054
Inventories 8,159,413 2,750,428
Deferred tax assets (2,424,494) (1,278,857)
Prepayments and other current assets, net (518,612) (764,676)
Other non-current assets (64,374) 334,490
Accounts payable (3,246,856) (4,640,051)
Accounts payable – related parties 262,064 555,444
Other payables and accrued liabilities (404,864) (1,684,961)
Operating lease liabilities (1,361,109) (1,839,999)
Income taxes payable (183,195) 3,997
Net cash provided by (used in) operating activities (163,466) (579,187)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Discontinued operations -cash sold (83,545) 0
Deconsolidation of VIE (167,774) 0
Proceeds from sale of fixed assets 192,000 13,183
Purchase of equipment 0 (163,588)
Investment in joint venture (293,526) (371,917)
Purchase of digital assets held in Bitgo account (3,210,500) 0
Prepayments for software development (1,118,280) (1,519,928)
Net cash used in investing activities (4,681,625) (2,042,250)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of offering cost settlement 0 (325,000)
Treasury stock acquired (41,755) 0
Proceeds from short-term loans -related party 1,050,000 0
Proceeds from short-term loans 1,500,000 0
Payments on short-term loans - related party (1,050,000) (350,000)
Payments on short-term loans (1,500,000) (483,599)
Net proceeds from convertible note 10,256,833 0
Proceeds from revolving loan 3,669,797 8,359,237
Payments on revolving loan (7,383,223) (10,200,000)
Net cash provided by (used in) financing activities 6,501,652 (2,999,362)
EFFECT OF EXCHANGE RATE ON CASH 65,731 250,852
CHANGES IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 1,722,292 (5,369,947)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period (1) 2,007,890 [1] 7,377,837
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period [1] 3,730,182 2,007,890
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income tax 0 0
Cash paid for interest 185,569 323,078
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Derivative liability - conversion option 606,700 0
Common stock issued for conversions of note payable 9,150,119 0
Right of use assets derecognized due to termination of operating leases 0 434,033
Note receivable from sale of subsidiaries 2,300,000 0
Transfer of inventories in exchange of assumption of accounts payable 2,007,367 0
Software under development transferred from GPM 460,807 0
Credits against note receivable 110,847 0
Discount on note receivable 499,016 0
Common stock issued for services $ 389,981 $ 0
[1] Includes $330,011 cash presented in current assets held for sale on the consolidated balance sheet as of June 30, 2025.