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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2024
Jun. 30, 2024
Current assets    
Cash $ 15,248,528 $ 14,641,967
Restricted cash 3,016,913 3,094,092
Accounts receivable, net 349,169 267,165
Other receivables, net 14,855 612
Advances to suppliers - third parties 13,686 51
Prepaid expenses and other current assets 241,796 243,636
Total Current Assets 18,888,235 18,247,523
Property and equipment, net 146,149 183,639
Right-of-use assets 98,327
Other long-term assets – deposits 84,955 198,550
Total Assets 19,119,339 18,728,039
Current Liabilities    
Deferred revenue 66,265 66,423
Accounts payable 884,540 566,770
Lease liabilities – current 177,263
Taxes payable 3,279,386 3,206,893
Due to related party 347,339 225,031
Accrued expenses and other current liabilities 2,548,318 1,037,187
Total current liabilities 7,189,282 5,343,001
Lease liabilities - noncurrent 131,355
Total liabilities 7,189,282 5,474,356
Commitments and Contingencies
Equity    
Preferred stock, 2,000,000 shares authorized, no par value, no shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively
Common stock, 50,000,000 shares authorized, no par value; 3,503,492 and 17,715,526 shares issued and outstanding as of December 31, 2024 and June 30,2024, respectively 104,192,048 104,192,048
Additional paid-in capital 2,334,962 2,334,962
Accumulated deficit (91,974,552) (90,684,966)
Accumulated other comprehensive income 147,630 159,272
Total Stockholders’ Equity attributable to controlling shareholders of the Company 14,700,088 16,001,316
Non-controlling Interest (2,770,031) (2,747,633)
Total Equity 11,930,057 13,253,683
Total Liabilities and Equity 19,119,339 18,728,039
Related Party    
Current assets    
Due from related party 3,288
Current Liabilities    
Accounts payable – related party $ 63,434 $ 63,434