Subsequent Events |
12 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Note 22 – Subsequent Events
The Company evaluated all events and transactions that occurred after June 30, 2026 up through October 13, 2026, the date the Company issued these consolidated financial statements.
Acquisition of Contro Limited
On July 1, 2026, the Company, through its wholly owned subsidiary, TADAA Limited, completed the acquisition of 100% of the issued and outstanding shares of Contro Limited (“Contro”), a Hong Kong incorporated company, for total cash consideration of $20,000. Contro is a dormant company whose principal asset is a Money Service Business registration with the Financial Transactions and Reports Analysis Centre of Canada (“FINTRAC”).
Proposed Acquisition of Cigar Secret Sdn. Bhd.
On July 20, 2026, the Company entered into a Share Sale Agreement to acquire 149,880 ordinary shares of Cigar Secret Sdn. Bhd. (“Cigar Secret”), representing 80% of Cigar Secret’s enlarged share capital, for aggregate consideration of $612,445. Of the total purchase consideration, $551,200 is payable as a deposit upon execution of the agreement and has been settled through the issuance of 149,267 shares of the Company’s common stock at a price of $3.69 per share. The remaining $61,245 is payable in accordance with the terms of the agreement. The completion of the acquisition is subject to the satisfaction or waiver of certain conditions precedent.
Enter into Software Development Agreement
On August 26, 2026, the Company entered into three separate Software Development Agreements with Mestiz Technology Sdn. Bhd., E Agro Digital Sdn. Bhd. and Add2Cart Commerce Pte. Ltd. for the development of a Lifestyle Membership and Experience Platform. The aggregate contract consideration is $3,000,000, consisting of $1,000,000 under each agreement, payable based on specified milestones in cash, shares of the Company’s common stock, or a combination thereof at the Company’s discretion.
On September 11, 2026, the Company entered into an additional Software Development Agreement with Mestiz Technology Sdn. Bhd. for the development and implementation of a centralized Power BI business intelligence platform for the Company and its subsidiaries. The total contract consideration is $2,000,000, payable based on specified milestones in cash, shares of the Company’s common stock, or a combination thereof at the Company’s discretion.
In connection with these agreements, the Company issued an aggregate of 868,720 shares of common stock, consisting of 233,645 shares to Add2Cart Commerce Pte. Ltd., 233,645 shares to E Agro Digital Sdn. Bhd. and 401,430 shares to Mestiz Technology Sdn. Bhd.
Termination and Replacement of Software Enhancement Agreement
On August 17, 2026, the Company and Apexcode Innovations Sdn. Bhd. mutually agreed to terminate the Software Enhancement Agreement dated March 11, 2026. Apexcode had completed and delivered the Phase 1 deliverables, which were accepted by the Company, and the Company waived its right to a refund of the $955,414 first milestone payment. On the same date, the Company entered into a Software Enhancement Agreement with Keen Success Technology Ltd. for the continued development and enhancement of the Tazte Apps platform for total consideration of $2,000,000, payable in cash, shares of the Company’s common stock, or a combination thereof based on specified milestones.
Sale of Contractual Rights in V Gallant and RG Shares
On August 20, 2026, the Company entered into separate sale and purchase agreements to sell its rights and interests in 1,300,000 ordinary shares of V Gallant Limited and 700,000 ordinary shares of Reveillon Group Limited held in escrow for aggregate consideration of $5,200,000 and $1,400,000, respectively. The respective purchase prices are payable over 36 monthly installments commencing September 1, 2026. The underlying shares will continue to be held by the escrow agent as security until the respective purchase prices are paid in full.
Software Development Agreements
On August 26, 2026, the Company entered into three separate Software Development Agreements with Mestiz Technology Sdn. Bhd., E Agro Digital Sdn. Bhd. and Add2Cart Commerce Pte. Ltd. for the development of a Lifestyle Membership and Experience Platform. The aggregate contract consideration is $3,000,000, consisting of $1,000,000 under each agreement, payable based on specified milestones in cash, shares of the Company’s common stock, or a combination thereof at the Company’s discretion.
On September 11, 2026, the Company entered into an additional Software Development Agreement with Mestiz Technology Sdn. Bhd. for the development and implementation of a centralized Power BI business intelligence platform for the Company and its subsidiaries. The total contract consideration is $2,000,000, payable based on specified milestones in cash, shares of the Company’s common stock, or a combination thereof at the Company’s discretion.
In connection with these agreements, the Company issued an aggregate of 868,720 shares of common stock, consisting of 233,645 shares to Add2Cart Commerce Pte. Ltd., 233,645 shares to E Agro Digital Sdn. Bhd. and 401,430 shares to Mestiz Technology Sdn. Bhd.
Equity Financing
Subsequent to June 30, 2026 and through the date of issuance of these consolidated financial statements, the Company raised additional capital through its existing equity financing arrangements. The Company issued and sold 1,910,581 shares of common stock under its at-the-market offering and received aggregate net proceeds of $2,387,510, net of placement fees. In addition, the Company received the remaining $600,000 of proceeds under the subscription agreement entered into on May 26, 2026 and issued an additional 155,164 shares of common stock.
Settlement of Stock-Based Compensation Awards
Subsequent to June 30, 2026 and through the date of issuance of these consolidated financial statements, the Company issued an aggregate of 48,586 shares of common stock in settlement of vested stock-based compensation awards under the Company’s stock-based compensation arrangements. |