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:      
Loss including noncontrolling interest $ (2,186,942) $ (5,086,126) $ (11,387,759)
Adjustments to reconcile loss including noncontrolling interest to net cash provided by (used in) operating activities:      
Gain on disposal of subsidiary (833,546)
Bad debt expense 18,855
Inventory impairment 30,717 99,478
Depreciation and amortization 2,090,406 1,139,264 494,480
Loss on disposal of fixed assets 64 17,196 2,979
Operating lease expense 167,377 136,506 167,969
Investment loss 56,081
Loan forgiveness 15,421 105,356
Stock compensation expense 1,826,800 1,892,842 6,749,326
Changes in assets and liabilities:      
Accounts receivable 483,771 (658,711) (717,220)
Inventory 64,348 (153,179) 91,076
Value-added tax prepayment 74,832 (29,953) (51,078)
Prepaid expenses and other current assets (896,435) 877,711 (810,421)
Accounts payable (280,416) (651,887) 597,744
Contract liability 451,511 101,051 (472,584)
Accrued expenses and other payables 307,688 (45,306) (108,736)
Payment on operating lease liabilities (172,984) (137,777) (177,194)
Net cash provided by (used in) operating activities 1,976,158 (2,374,680) (6,398,883)
Cash flows from investing activities:      
Acquisition of property and equipment (942) (8,129) (6,868)
Acquisition of intangible assets (4,928,015) (4,077,068) (161,054)
Cash disposed due to disposal of subsidiary (35)
Net cash used in investing activities (4,928,957) (4,085,197) (167,957)
Cash flows from financing activities:      
Proceeds from (repayment to) related parties 44,333 (203,218) 360,804
Proceeds from loan payables 5,997,130 2,374,350
Repayment of loan payables (2,998,565) (1,164,895) (1,582,513)
Net proceeds from issuance of common stock 5,939,133 8,061,286
Net cash provided by financing activities 3,042,898 6,945,370 6,839,577
Effect of exchange rate changes on cash (102,984) (45,948) (111,203)
Net increase (decrease) in cash (12,885) 439,545 161,534
Cash, beginning of year 620,807 181,262 19,728
Cash and restricted cash, end of year 607,922 620,807 181,262
Supplemental disclosures of cash flow information:      
Cash paid for interest 96,517 38,213 20,516
Cash paid for income tax 6,596
Supplemental disclosures of non-cash operating, investing and financing activities:      
Right-of-use assets obtained in exchange for operating lease liabilities 79,366 356,046 125,280
Transfer of debt owing to the Company’s’ CEO to Mr. Wanli Kuai 730,163
Shares issued for paying officers’ accrued salary and bonus 265,876 194,062 359,496
Shares issued for intangible assets purchase 4,526,106
Loan forgiveness by shareholder $ 15,421 $ 546,293