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Consolidated Balance Sheets
¥ in Millions
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Current assets    
Cash $ 55,833,282 $ 44,837,317
Cryptocurrencies 90,458 261,338
Accounts receivable, net 108,381 113,242
Other receivables, net 25,057 2,558
Advances to suppliers - third parties 36,540 880,000
Advances to suppliers - related party 6,153,546
Prepaid expenses and other current assets 365,913 341,992
Due from related party, net 552,285 430,902
Total Current Assets 63,165,462 46,867,349
Property and equipment, net 548,956 757,257
Right-of-use assets 732,744 417,570
Other long-term assets - deposits 237,749 115,971
Investment in unconsolidated entity 162,829
Total Assets 64,847,740 48,158,147
Current Liabilities    
Deferred revenue 6,955,577 471,516
Refund payable 13,000,000
Accounts payable 508,523 574,857
Accounts payable – related party 63,434
Lease liabilities - current 471,976 192,044
Taxes payable 3,457,177 3,572,419
Accrued expenses and other current liabilities 756,272 529,777
Loan payable - current 3,035
Total current liabilities 25,212,959 5,343,648
Lease liabilities - noncurrent 846,871 237,956
Loan payable-noncurrent 152,370
Convertible notes 5,000,000
Total liabilities 31,059,830 5,733,974
Commitments and Contingencies  
Equity    
Preferred stock, 2,000,000 shares authorized, no par value, no shares issued and outstanding as of June 30, 2022 and June 30, 2021, respectively
Common stock, 50,000,000 shares authorized, no par value; 22,244,333 and 15,132,113 shares issued and outstanding as of June 30, 2022 and June 30,2021, respectively 96,127,691 82,555,700
Additional paid-in capital 2,334,962 2,334,962
Accumulated deficit (62,579,592) (34,321,762)
Accumulated other comprehensive income (loss) 45,739 (729,096)
Total Stockholders’ Equity attributable to controlling shareholders of the Company 35,928,800 49,839,804
Non-controlling Interest (2,140,890) (7,415,631)
Total Equity 33,787,910 42,424,173
Total Liabilities and Equity $ 64,847,740 $ 48,158,147