Segment Reporting

9 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

SEGMENT REPORTING

Note 17. SEGMENT REPORTING

ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in unaudited condensed consolidated financial statements for detailing the Company’s business segments. 

The Company’s chief operating decision maker is the Chief Operating Officer, who reviews the financial information of the separate operating segments when making decisions about allocating resources and assessing the performance of the group. The Company ceased to sell crypto-mining equipment since January 1, 2023. For the nine months ended March 31, 2025, the Company operated in one segment, freight logistics services, which had operations in PRC.  

The following tables present summary information by segment for the three and nine months ended March 31, 2025 and 2024, respectively:

	For the Three Months Ended March 31, 2025
	Freight Logistics Services			Crypto- mining equipment sales		Total
Net revenues	$	363,070		$	-	$	363,070
Cost of revenues	$	60,307		$	-	$	60,307
Gross profit	$	302,763		$	-	$	302,763
Depreciation and amortization	$	12,448		$	-	$	12,448
Total capital expenditures	$	-		$	-	$	-
Gross margin%		83.4	%		-		83.4	%

	For the Three Months Ended March 31, 2024
	Freight Logistics Services			Crypto- mining equipment sales		Total
Net revenues	$	446,575		$	-	$	446,575
Cost of revenues	$	714,054		$	-	$	714,054
Gross profit	$	(267,479	)	$	-	$	(267,479	)
Depreciation and amortization	$	37,564		$	357	$	37,921
Total capital expenditures	$	-		$	-	$	-
Gross margin%		(59.9	)%		-		(59.9	)%

	For the Nine Months Ended March 31, 2025
	Freight Logistics Services			Crypto- mining equipment sales		Total
Net revenues	$	1,339,096		$	-	$	1,339,096
Cost of revenues	$	1,297,724		$	-	$	1,297,724
Gross profit	$	41,372		$	-	$	41,372
Depreciation and amortization	$	48,871		$	-	$	48,871
Total capital expenditures	$	-		$	-	$	-
Gross margin%		3.1	%		-		3.1	%

	For the Nine Months Ended March 31, 2024
	Freight Logistics Services			Crypto- mining equipment sales		Total
Net revenues	$	2,303,741		$	-	$	2,303,741
Cost of revenues	$	2,693,879		$	-	$	2,693,879
Gross profit	$	(390,138	)	$	-	$	(390,138	)
Depreciation and amortization	$	112,902		$	1,070	$	113,972
Total capital expenditures	$	589		$	-	$	589
Gross margin%		(16.9	)%		-		(16.9	)%

Total assets as of:

	March 31,		June 30,
	2025		2024
Freight Logistic Services	$	18,389,538	$	18,728,039
Total Assets	$	18,389,538	$	18,728,039

The Company’s operations are primarily based in the PRC and U.S, where the Company derives all of its revenues. Management also reviews consolidated financial results by business locations.

Disaggregated information of revenues by geographic locations are as follows:

	For the Three Months Ended				For the Nine Months Ended
	March 31,		March 31,		March 31,		March 31,
	2025		2024		2025		2024
PRC	$	363,070	$	336,071	$	1,339,096	$	1,874,490
U.S.		-		110,504		-		429,251
Total revenues	$	363,070	$	446,575	$	1,339,096	$	2,303,741