v3.26.3
Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2026
Income Taxes [Abstract]  
Schedule of Loss Before Provision for Income Taxes

Loss before provision for income taxes consisted of:

 

Loss before provision for income taxes consisted of:   For the
Year Ended
June 30,
2026		     For the
Year Ended
June 30,
2025		     For the
Year Ended
June 30,
2024		  
Cayman   $ (143,874,577 )   $ (13,646,466 )   $ (5,697,898 )
United States     (1,139,053 )     (65,700 )     (555,268 )
Hong Kong     (14,029,041 )     (253,596 )     -  
PRC     -       -       (77 )
Loss before provision for income taxes   $ (159,042,671 )   $ (13,965,762 )   $ (6,253,243 )
Schedule of Reconciles the U.S. Statutory Rates to the Company’s Effective Tax Rate

The following table reconciles the U.S. statutory rates to the Company’s effective tax rate for the years ended June 30, 2026:

 

    For the Year Ended
June 30, 2026		  
             
Federal statutory rate   $ (33,398,961 )     21.0 %
State statutory rate     (9,224,475 )     5.8 %
Valuation allowance     2,560,166       (1.6 )%
State tax effect     9,218,302       (5.8 )%
Foreign tax effect     30,844,968       (19.4 )%
Effective tax rate   $ -       0.0 %

 

The following table reconciles the U.S. statutory rates to the Company’s effective tax rate for the years ended June 30, 2025, and 2024:

 

    For the
Year Ended
June 30,
2025		     For the
Year Ended
June 30,
2024		  
Federal statutory rate     21.0 %     21.0 %
State statutory rate     5.8 %     5.8 %
Valuation allowance     (6.2 )%     (7.4 )%
Others (1)     (20.6 )%     (19.4 )%
Effective tax rate     0.0 %     0.0 %
Schedule of Components of Deferred Tax Assets

Significant components of deferred tax assets were as follows:

 

    June 30,
2026		     June 30,
2025		  
Deferred tax assets            
Net operating loss carryforward in the U.S.     960,790       715,416  
Net operating loss carryforward in Hong Kong     940,954       41,862  
Impairment loss of long-lived assets     1,415,700       -  
Valuation allowance     (3,317,444 )     (757,278 )
Total net deferred tax assets   $ -     $ -