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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2022
Jun. 30, 2022
Current assets    
Cash $ 36,068,874 $ 55,833,282
Cryptocurrencies 75,657 90,458
Accounts receivable, net 403,755 108,381
Other receivables, net 44,246 25,057
Advances to suppliers - third parties, net 35,605 36,540
Advances to suppliers - related party 6,153,546
Prepaid expenses and other current assets 458,779 365,913
Due from related party, net 422,207
Loan receivable-related parties, net 552,285
Total Current Assets 37,509,123 63,165,462
Property and equipment, net 458,918 548,956
Right-of-use assets, net 478,547 732,744
Other long-term assets - deposits 240,598 237,749
Investment in unconsolidated entity 128,370 162,829
Total Assets 38,815,556 64,847,740
Current Liabilities    
Deferred revenue 204,442 6,955,577
Refund payable 13,000,000
Accounts payable 841,945 508,523
Accounts payable -related party 63,434 63,434
Lease liabilities - current 448,252 471,976
Taxes payable 3,517,065 3,457,177
Accrued expenses and other current liabilities 613,412 756,272
Convertible notes 5,000,000
Total current liabilities 10,688,550 25,212,959
Lease liabilities – noncurrent 596,418 846,871
Loan payable - noncurrent 5,000,000
Total liabilities 11,284,968 31,059,830
Commitments and Contingencies
Equity    
Preferred stock, 2,000,000 shares authorized, no par value, no shares issued and outstanding as of December 31, 2022 and June 30, 2022, respectively
Common stock, 50,000,000 shares authorized, no par value; 22,244,333 and 22,244,333 shares issued and outstanding as of December 31, 2022 and June 30, 2022, respectively 96,457,468 96,127,691
Additional paid-in capital 2,334,962 2,334,962
Accumulated deficit (69,396,440) (62,579,592)
Accumulated other comprehensive income 193,441 45,739
Total Stockholders’ Equity attributable to controlling shareholders of the Company 29,589,431 35,928,800
Non-controlling Interest (2,058,843) (2,140,890)
Total Equity 27,530,588 33,787,910
Total Liabilities and Equity $ 38,815,556 $ 64,847,740