v3.26.1
Unaudited Interim Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Jun. 30, 2025
Current assets:    
Cash $ 3,918,718 $ 389,348
Escrow funds 555,118 537,744
Accounts receivable, net 25,988 328,844
Advance to suppliers 67,902 7,403,734
Loan receivable 6,234,717
Prepaid expenses and other receivables, net 170,194 721,458
Related party receivable 834,966
Total current assets 11,807,603 9,381,128
Non-current assets:    
Property and equipment, net 1,030,779 542,385
Right-of-use assets 2,321,463 1,976,410
Intangible assets, net 61,587 85,302
Other non-current assets [1] 114,056 100,998
Total non-current assets 3,527,885 2,705,095
TOTAL ASSETS 15,335,488 12,086,223
Current liabilities:    
Short term bank loans 3,419,142 3,343,291
Accounts payable 422,962 427,758
Contract liabilities – current 1,799,762 2,248,983
Escrow liability 555,118 537,744
Related parties payable 1,241,099 2,040,643
Accrued expenses and other current liabilities 7,876,265 1,088,491
Operating lease liabilities – current portion 814,707 613,447
Total current liabilities 16,129,055 10,300,357
Non-current liabilities:    
Contract liabilities – non-current 71,320 135,209
Operating lease liabilities – non-current 1,884,527 1,719,509
Other non-current liabilities 26,877 35,004
Total non-current liabilities 1,982,724 1,889,722
TOTAL LIABILITIES 18,111,779 12,190,079
COMMITMENT & CONTINGENCY
Shareholders’ Deficit    
Ordinary shares, value
Subscription receivable (1,916) (1,916)
Additional paid in capital 35,733,468 28,795,892
Accumulated deficits (38,803,022) (29,303,674)
Accumulated other comprehensive income 280,373 403,460
Total Shareholders’ deficit (2,776,291) (103,856)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 15,335,488 12,086,223
Class A Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares, value 14,450 2,026
Class B Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares, value $ 356 $ 356
[1] Security deposits mainly include the rental deposits prepaid to lessors but refundable at the end of the lease term if no material damage to the leased space and no outstanding unpaid lease payment.