v3.26.3
Discontinued Operations (Tables)
 12 Months Ended
Jun. 30, 2026
Discontinued Operations [Abstract]  
Schedule of Balance Sheets and the Results of Operations of the Company Classified as Discontinued Operations The assets and liabilities of disposal entities as of the respective date of disposal were as follows:

 

    Hong Kong Subsidiary     Taiwan Subsidiary  
    As of
December 31,
2025		     As of
June 30,
2026		  
    US$     US$  
             
Net assets disposal of:            
Cash     5,926       2,598,924  
Due from Advanced Biomed Inc. (Taiwan)     438,720       -  
Prepaid expenses and other current assets, net     889,055       49,989  
Equipment, net     155,270       97,023  
Right-of-use assets     -       32,432  
Other non-current assets, net     214,497       -  
Accounts payable, accruals, and other current liabilities     (299,904 )     (397,101 )
Lease liabilities (current and non-current)     -       (32,432 )
Due to the Company     (6,432,919 )     (8,602,603 )
Due to related parties of Hong Kong Subsidiary     (163,706 )     -  
Due to Hong Kong Subsidiary     -       (661,516 )
Due to related parties of Taiwan Subsidiary     -       (514,123 )
Tax payable     (180 )     -  
Total net liabilities disposed of     (5,193,241 )     (7,429,407 )

 

  Hong Kong Subsidiary     Taiwan Subsidiary     Total  
  US$     US$     US$  
　   　     　     　  
Gain on disposal of subsidiaries:   　     　     　  
Total net liabilities disposed of     5,193,241       7,429,407       12,622,648  
Release of the translation of subsidiaries in foreign currency charged to other comprehensive loss in prior periods     450,526       429,243       879,769  
Cash consideration     23,000       490,000       513,000  
    5,666,767       8,348,650       14,015,417  
      　       　       　  
Net cash inflow (outflow) arising from disposal     　       　       　  
Cash consideration received during the year     23,000       -       23,000  
Cash disposed of     (5,926 )     (2,598,924 )     (2,604,850 )
    17,074       (2,598,924 )     (2,581,850 )

 

The major classes of assets and liabilities of discontinued operation included in the consolidated balance sheets as of June 30, 2026 and 2025 were as follows:

 

    As of     As of  
    June 30,
2026		     June 30,
2025		  
    US$     US$  
Assets            
Current assets:            
Cash     —       2,872,776  
Prepaid expenses and other current assets, net     —       1,290,951  
Total current assets of discontinued operations     —       4,163,727  
                 
Non-current assets:                
Equipment, net     —       331,346  
Right-of-use assets, net     —       65,399  
Other non-current assets, net     —       83,027  
Total non-current assets of discontinued operations     —       479,772  
Total assets of discontinued operations     —       4,643,499  
                 
Liabilities                
Current liabilities:                
Accounts payable, accruals, and other current liabilities     —       2,072,486  
Amounts due to the Company     —       16,349,752  
Current lease payable     —       35,811  
Total current liabilities of discontinued operations     —       18,458,049  
                 
Non-current liabilities:                
Non-current lease payable     —       5,879  
Amount due to related parties – non-current     —       69,797  
Total non-current liabilities of discontinued operations           75,676  
Total liabilities of discontinued operations     —       18,533,725  

 

The major components of the results of discontinued operations included in the consolidated statements of operations and comprehensive income (loss) for the years ended June 30, 2026 and 2025 were as follows:

 

    For the Year Ended
June 30,		  
    2026     2025  
    US$     US$  
Operating expenses:            
Research and development expenses     869,823       909,771  
General and administrative expenses     443,126       1,024,795  
Total operating expenses     1,312,949       1,934,566  
Operating loss     (1,312,949 )     (1,934,566 )
                 
Other income (expense):                
Interest income     457       24,915  
Other income (expense), net     235,428       (262,848 )
Total other income (expense), net     235,885       (237,933 )
Loss before tax expense     (1,077,064 )     (2,172,499 )
Income tax expense     -       -  
Loss incurred in discontinued operations     (1,077,064 )     (2,172,499 )
Gain on disposal of subsidiaries, net of tax     14,015,417       -  
Net income from discounted operations, net of tax     12,938,353       (2,172,499 )