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:      
Net loss $ (12,928,601) $ (6,426,564) $ (1,847,310)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Share-based compensation 1,970,456 2,467,911 3,168,016
Depreciation and amortization 2,216,333 1,877,119 1,252,493
Deferred tax expenses (benefits) (27,397) 484,338 (717,679)
Lease expense to reduce operating lease right-of -use assets 2,388,397 2,006,244 1,487,063
Share of loss (income) in equity investees, net of tax 556,463 403,421 (156,780)
Provision for credit losses 3,417,340 33,923 589,529
Loss from disposal of property and equipment 1,660 3,503 9,720
Impairment of deferred contract costs 1,707,324
Impairment of goodwill 1,435,782 129,270
Others (59,998)
Changes in assets and liabilities:      
Accounts receivable 4,849,112 (5,350,073) 7,208,359
Prepayments, deposits and other assets (2,193,378) (2,518,771) (308,440)
Amounts due from related parties (157,751) (239,802) (26,274)
Accounts payable (971,605) 1,566,070 212,771
Accrued expenses and other current liabilities 266,824 (382,472) (189,912)
Contract liabilities 235,376 1,331,134 (226,575)
Tax payables 497,486 112,091 (303,260)
Amounts due to related parties (2,471) (1,240) (19,445)
Salaries and benefits payable (1,191,152) 3,891,709 (1,118,578)
Operating lease liabilities (2,547,357) (2,122,665) (1,181,396)
Unrecognized tax benefits 96,597 250,809 1,092,932
Net cash (used in) provided by operating activities (380,562) (2,544,043) 8,925,234
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of property and equipment (602,020) (1,258,043) (2,117,282)
Proceeds from Disposal of Property and Equipment 4,963 1,328 8,521
Acquisition of intangible assets (141,957) (9,614)
Payments for business acquisitions, net of cash acquired from acquisitions (211,353) (2,358,172)
Acquisition of long-term investments (600,000) (1,491,891)
Return of long-term investments 221,618
Maturities of short-term investments 1,044,518 2,726,780 1,119,635
Purchases of short-term investments (865,513) (1,463,731) (3,219,635)
Repayments from related parties 811,272 2,936,754 829,847
Loans provided to related parties (1,023,366) (2,984,351) (6,513,930)
Net cash used in investing activities (1,150,485) (1,754,121) (12,251,016)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from short-term bank loans 26,528,498 42,871,141 44,508,794
Repayments of short-term bank loans (28,209,369) (36,168,815) (31,761,143)
Payments for subsidiary’s offering costs (65,600) (161,185)
Repurchase of ordinary shares (132,303)
Borrowings from related parties 56,977
Dividends paid to shareholders (3,641,025) (2,554,508)
Net cash (used in) provided by financing activities (1,821,797) 2,900,116 10,193,143
Effect of exchange rate changes on cash 639,001 430,696 (28,482)
Net (decrease) increase in cash (2,713,843) (967,352) 6,838,879
Cash and cash equivalents and restricted cash at the beginning of the year 28,173,160 29,140,512 22,301,633
Cash and cash equivalents and restricted cash at the end of the year 25,459,317 28,173,160 29,140,512
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Income tax paid [1] 57,308 379,140 857,515
Interest paid 611,674 482,161 407,574
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 25,059,596 28,173,160 29,116,431
Restricted cash 399,721 24,081
Total cash, cash equivalents and restricted cash shown in the statements of cash flows $ 25,459,317 $ 28,173,160 $ 29,140,512
[1] For the year ended June 30, 2026, income taxes paid amounted to $21,222 in mainland China, $25,117 in Singapore, $6,682 in India and $4,287 in other foreign jurisdictions, respectively.