v3.26.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) for the year $ 6,677,077 $ (3,258,969)
Net income (loss) from discontinued operations 12,938,353 (2,172,499)
Net loss from continuing operations (6,261,276) (1,086,470)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Common stock issued for commitment fee 500,000
Stock-based compensation 1,734,009
Deferred tax benefit (1,205)
Provision for allowance for expected credit losses 2,918,909
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 579,866 (1,837,705)
Accounts payable, accruals and other current liabilities (431,644) 615,806
Net cash used in operating activities from continuing operations (961,341) (2,308,369)
Net cash used in operating activities from discontinued operations (985,602) (3,516,686)
Net cash used in operating activities (1,946,943) (5,825,055)
CASH FLOWS FROM INVESTING ACTIVITIES    
Net cash outflow for disposal of subsidiaries (2,581,850)
Net cash used in investing activities from continuing operations (2,581,850)
Net cash provided by (used in) investing activities from discontinued operations 75,763 (31,650)
Net cash used in investing activities (2,506,087) (31,650)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock 248,000 5,493,800
Proceeds from related parties 1,078,215 274,975
Net cash provided by financing activities from continuing operations 1,326,215 5,768,775
Net cash provided by financing activities from discontinued operations 641,757 165,526
Net cash provided by financing activities 1,967,972 5,934,301
EFFECT OF EXCHANGE RATE ON CASH FROM CONTINUING OPERATIONS (10,479)
EFFECT OF EXCHANGE RATE ON CASH FROM DISCONTINUED OPERATIONS (22,843) 218,346
Net change in cash, including cash from discontinued operations (2,518,380) 295,942
Cash, including cash from discontinued operations — beginning of year 2,903,915 2,607,973
Cash — end of year 385,535 2,903,915
Less cash from discontinued operations 0 (2,872,776)
Cash from continuing operations, end of year 385,535 31,139
Supplemental disclosure of noncash investing and financing activities:    
Common stock issued in settlement of commitment fees 500,000
Common stock issued for acquisition of Acellent 12,891
Stock-based compensation $ 1,734,009