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 $ (157,464,795) $ (43,001,455) $ (26,864,340)
Net income (loss) from discontinued operations 1,577,876 (29,035,693) (20,611,097)
Net loss from continuing operations (159,042,671) (13,965,762) (6,253,243)
Adjustments to reconcile net loss to net cash used in operating activities:      
Allowance for credit losses 332
Depreciation 9,760,000 2,916,667
Stock compensation expense 646,413 1,675,065 3,868,649
Impairment loss of long-lived assets 8,580,000
Loss on extinguishment of debts on convertible notes payable 187,211
Finance expense on convertible notes payable 20,688,289 3,033,501
Amortization of debt issuance costs 4,373,078 6,023,259 100,000
Impairment of cryptocurrency 114,021,240
Change in fair value of derivative liabilities (1,412,307)
Changes in operating assets and liabilities      
USDT (6,276,899)
Receivables from service provider 1,805,786 (2,667,165)
Prepayments (559) 10,932 20,676
Other payables and accrued liabilities (94,344) (5,550,909) (516,866)
Net cash used in operating activities from continuing operations (6,951,974) (8,337,201) (2,780,452)
Net cash used in operating activities from discontinued operations
Net cash used in operating activities (6,951,974) (8,337,201) (2,780,452)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Loan to a third party (4,000,000)
Proceeds from loan repayment by a third party 4,000,000
Purchase of equipment (3,400,000)
Net cash used in investing activities from continuing operations (3,400,000)
Net cash used in investing activities from discontinued operations
Net cash used in investing activities (3,400,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments of long-term loan (16,730,000)
Proceeds from short-term loan 300,000
Borrowings from related parties 181,197
Repayment of borrowings from related parties (3,073) (448,124)
Proceeds from convertible notes, net of debt issuance costs 4,771,645 14,326,000 1,000,000
Repayments of a convertible note (1,923,600) (1,100,000)
Payments on offering costs for issuance of units (150,000)
Proceeds from issuance of ordinary shares and pre-funded warrants, net of offering costs 13,815,000
Proceeds from issuance of ordinary shares, net of offering costs 5,855,220 1,380,000
Net cash provided by financing activities from continuing operations 5,935,192 12,777,876 2,561,197
Net cash provided by financing activities from discontinued operations
Net cash provided by financing activities 5,935,192 12,777,876 2,561,197
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,016,782) 1,040,675 (219,255)
CASH AND CASH EQUIVALENTS, beginning of year 1,060,893 20,218 239,473
CASH AND CASH EQUIVALENTS, end of year 44,111 1,060,893 20,218
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for interest expense 5,030 12,441
Cash paid for income tax
NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES:      
Initial recognition of operating right of use asset and lease liability 198,192
Ordinary shares issued for prepayments on concert cooperation rights 8,000,000
Ordinary shares issued for acquisition of intangible assets 7,200,000
Conversion of other payables to term loan 5,600,000
Cryptocurrency received from issuance of units 230,837,060
Debt issuance costs for convertible notes included in other payables and accrued liabilities 230,000
Incremental fair value on modification of warrants 142,288
Cashless exercise of warrants into ordinary shares 55 1 2,165
Conversion of convertible notes and interest payables into ordinary shares 35,515,400 15,280,321 225,000
Fair value of warrants issued in connection with the issuance of convertible notes 3,902,449
Issuance of ordinary shares with proceeds included in other payables and accrued liabilities 940,000
Ordinary shares issued for acquisition of equipment 26,000,000
Capital expenditure payable 5,600,000
Exchange of BTC into USDT 28,362,773 8,726,016
Cancellation of shares issued for acquisition of equipment 26,000,000
Cashless exercise of pre-funded warrants into ordinary shares 355
Repayment of long-term loans through the transfer of USDT 6,276,899
Transfer of SolvBTC in exchange for other receivable $ 116,815,820