Concentrations of Risk |
12 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Concentrations of Risk [Abstract] | |
| Concentrations of risk | Note 18 – Concentrations of risk
Credit Risk
The Company is exposed to credit risk from its cash in banks and advances on performance obligations.
As of June 30, 2026, and 2025, there were and 442,297 credit risk associated with deposits held at banks located in the US, respectively, and nil credit risk associated with deposits held at banks located in Hong Kong. In the US, the insurance coverage of each bank is USD $250,000. In Hong Kong, the insurance coverage of each bank is HKD 800,000 (approximately $103,000).
Customer Concentration Risk
As of June 30, 2026 and 2025, there were no accounts receivable.
For the year ended June 30, 2026, one customer accounted for 100% of the Company’s total sales. For the year ended June 30, 2025, one customer accounted for 100% of the Company’s total sales. For the year ended June 30, 2024, one customer accounted for 94% of the Company’s total sales.
Vendor Concentration Risk
There were accounts payable as of June 30, 2026 and 2025.
For the year ended June 30, 2026, 2025 and 2024, one vendor accounted for 100%, 100% and 90% of the Company’s total purchases, respectively.
Digital Asset Custody and Security Risks
The Company holds significant digital assets that are subject to specialized custody arrangements. To safeguard these assets, the Company utilizes a combination of multi-signature cryptographic protocols and strict internal controls that segregate operational duties. However, cryptocurrency custody is subject to unique and evolving security risks. Security measures and technical safeguards cannot provide absolute assurance against future loss. Digital assets are inherently vulnerable to sophisticated cyberattacks, security breaches, software vulnerabilities, loss of private keys, or fraudulent activity. If the Company’s custody controls are compromised, or if a system failure occurs, the Company could experience significant theft or permanent loss of its digital asset holdings, which would materially and adversely affect its financial condition and operating results. |