XML 18 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) from continuing operations $ 980,951 $ (318,849)
Adjustments to reconcile net income (loss) from continuing operations to net cash (used in) provided by operating activities:    
Depreciation and amortization expenses 2,861 2,968
Changes in operating assets and liabilities:    
Accounts receivable - related party (1,242,690)
Note receivable (162,831)
Other receivables (8,169) (88,774)
Inventory 801,929 (835,185)
Accounts payable 110,791 35,511
Accounts payable - related party 903,728
Accrued liabilities and other payables 15,281 92,211
Deferred revenue (2,246,228) 2,390,340
Tax payables 146,934 5,977
Net cash (used in) provided by continuing operations (261,488) 313,226
Net cash used in discontinued operations (1,239,304)
Net cash (used in) provided by operating activities (261,488) (926,078)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets
Net cash used in continuing operations
Net cash used in discontinued operations (180,787)
Net cash used in investing activities (180,787)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from related parties 48,249 63,336
Repayment to related parties (352,329) (120,882)
Proceeds from loans 553,586
Net cash (used in) provided by continuing operations (304,080) 496,040
Net cash provided by discontinued operations 1,453,069
Net cash (used in) provided by financing activities (304,080) 1,949,109
Effect of exchange rate change on cash and cash equivalents (23,140) (6,198)
NET (DECREASE) INCREASE IN CASH & CASH EQUIVALENTS (588,708) 836,046
CASH & CASH EQUIVALENTS, BEGINNING OF THE PERIOD 899,567 63,521
CASH & CASH EQUIVALENTS, END OF THE PERIOD 310,859 899,567
ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS    
Cash and cash equivalents 899,567
Cash and cash equivalents included in assets classified as held for sale 57,258
Total of cash and cash equivalents 956,825
Continuing operations:    
Cash paid for interest 28,773 15,292
Cash paid for income tax 1,530
Supplemental Disclosure of Non-Cash Flows Information:    
Common stock issued for loan settlement 1,100,000
Nonrelated Party [Member]    
Changes in operating assets and liabilities:    
Deposit and prepayments 691,314 (970,973)
Related Party [Member]    
Changes in operating assets and liabilities:    
Deposit and prepayments $ (255,359)