v3.26.3
Segment Information
 12 Months Ended
Jun. 30, 2026
Segment Information [Abstract]  
Segment information

Note 19 – Segment information

 

The Company conducts business as two operating segments which comprise of consulting services and cryptocurrency mining, based upon the Company’s revenue streams, organizational and management structure, as well as information regularly reviewed by the Company’s CODM to assess performance and allocate resources. In addition, the CODM regularly reviews revenue, significant operating expense categories as presented below, and consolidated net loss as a whole. The accounting policies of the segment are the same as those described in Note 2.

 

The key measure of segment profitability that the CODM uses to allocate resources and assess performance is segment loss. The CODM also reviews consolidated net loss, as reported on the consolidated statements of operations, to assess the Company’s overall financial performance. The unallocated expenses below represent corporate expenses that were not allocable to the specified segment. The following table presents the significant revenue and expense categories of the Company’s two operating segments:

 

    For the Year Ended June 30, 2026  
    Consulting
service		     Cryptocurrency
mining		     Total  
Revenue   $ -     $ 28,362,773     $ 28,362,773  
Less cost of revenue     -       33,651,661       33,651,661  
Segment gross loss     -       (5,288,888 )     (5,288,888 )
Less:                        
Payroll expenses     101,602       990,603          
Professional expenses     3,950       10,515          
Travel expenses     -       179,082          
Office expenses     841       5,904          
Impairment loss of long-lived assets      -        8,580,000          
Other selling, general and administrative expenses     -       5,316          
Finance expense     36       1,901          
Segment loss     (106,429 )     (15,062,209 )     (15,168,638 )
                         
Reconciliation of loss                        
Less: unallocated amounts                        
Payroll expenses                     630,894  
Professional expenses                     2,153,331  
Travel expenses                     27,100  
Office expenses                     5,701  
Other selling, general and administrative expenses                     87,385  
Stock compensation expenses                     646,413  
Interest income                     (544 )
Amortization of debt issuance costs                     4,373,078  
Impairment of cryptocurrency                     114,021,240  
Change in fair value of derivative liabilities                     (1,412,307 )
Finance expense                     23,341,742  
Net loss from continued operations                   $ (159,042,671 )

 

    For the Year Ended June 30, 2025  
    Consulting
service		     Cryptocurrency
mining		     Total  
Revenue   $ -     $ 8,726,016     $ 8,726,016  
Less cost of revenue     -       8,975,518       8,975,518  
Segment gross loss     -       (249,502 )     (249,502 )
Less:                        
Payroll expenses     15,071       270,302          
Professional expenses     3,150       5,295          
Travel expenses     -       208,614          
Office expenses     13,060       6,179          
Other selling, general and administrative expenses     1,645       1,775          
Finance expense     1,285       3,912          
Segment loss     (34,211 )     (745,579 )     (779,790 )
                         
Reconciliation of loss                        
Less: unallocated amounts                        
Payroll expenses                     903,825  
Professional expenses                     1,141,737  
Travel expenses                     12,812  
Office expenses                     7,231  
Other selling, general and administrative expenses                     35,596  
Stock compensation expenses                     1,675,065  
Other expense, net                     28  
Interest income                     (600,243 )
Loss on extinguishment of debts                     407,212  
Amortization of debt issuance costs                     6,023,259  
Finance expense                     3,579,450  
Net loss from continued operations                   $ (13,965,762 )

 

    For the Year Ended June 30, 2024  
    Consulting
service		     Cryptocurrency
mining		     Total  
Revenue   $ 107,800     $            -     $ 107,800  
Less cost of revenue     14,000       -       14,000  
Segment gross profit     93,800       -       93,800  
Less:                        
Payroll expenses     262,250       -          
Professional expenses     15,927       -          
Travel expenses     928       -          
Office expenses     21,831       -          
Other taxes     23,455       -          
Other selling, general and administrative expenses     2,657       -          
Finance expense     1,143       -          
Segment loss     (234,391 )     -       (234,391 )
                         
Reconciliation of loss                        
Less: unallocated amounts                        
Payroll expenses                     1,119,791  
Professional expenses                     511,844  
Travel expenses                     287,027  
Office expenses                     36,462  
Other selling, general and administrative expenses                     5,772  
Stock compensation expenses                     3,868,649  
Allowance for credit losses                     332  
Amortization of debt issuance costs                     100,000  
Finance expense                     88,975  
Net loss from continued operations                   $ (6,253,243 )