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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Jun. 30, 2024
Current assets    
Cash $ 14,873,924 $ 14,641,967
Restricted cash 3,048,227 3,094,092
Accounts receivable, net 251,366 267,165
Other receivables, net 13,604 612
Advances to suppliers - third parties 42,236 51
Prepaid expenses and other current assets 11,929 243,636
Total current assets 18,244,590 18,247,523
Property and equipment, net 183,639
Right-of-use assets 95,835 98,327
Other long-term assets – deposits 49,113 198,550
Total Assets 18,389,538 18,728,039
Current Liabilities    
Deferred revenue 65,836 66,423
Accounts payable 904,834 566,770
Lease liabilities – current 52,558 177,263
Taxes payable 3,207,574 3,206,893
Due to related party 449,603 225,031
Accrued expenses and other current liabilities 2,225,312 1,037,187
Total current liabilities 6,905,717 5,343,001
Lease liabilities - noncurrent 43,277 131,355
Total liabilities 6,948,994 5,474,356
Commitments and Contingencies
Equity    
Preferred stock, 2,000,000 shares authorized, no par value, no shares issued and outstanding as of March 31, 2025 and June 30, 2024, respectively
Common stock, 50,000,000 shares authorized, no par value; 4,203,492 and 3,503,492 shares issued and outstanding as of March 31, 2025 and June 30,2024, respectively 105,333,048 104,192,048
Additional paid-in capital 2,334,962 2,334,962
Accumulated deficit (93,644,961) (90,684,966)
Accumulated other comprehensive income (395,097) 159,272
Total Stockholders’ Equity attributable to controlling shareholders of the Company 13,627,952 16,001,316
Non-controlling Interest (2,187,408) (2,747,633)
Total Equity 11,440,544 13,253,683
Total Liabilities and Equity 18,389,538 18,728,039
Related Party    
Current assets    
Due from related party 3,304
Current Liabilities    
Accounts payable – related party $ 63,434