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Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Jun. 30, 2024
Current assets    
Cash and cash equivalent $ 2,007,890 $ 7,377,837
Accounts receivable, net 6,124,008 14,740,093
Inventories, net 8,131,203 10,546,273
Prepayments and other current assets, net 3,111,210 2,346,534
Total current assets 19,374,311 35,010,737
Non-current assets    
Right of use - non-current 3,915,539 6,124,163
Property and equipment, net 390,349 370,887
Deferred tax assets, net 3,724,462 2,445,605
Goodwill 3,034,110 3,034,110
Investment in joint venture 385,180 27,605
Intangible assets, net 2,981,328 3,630,700
Other non-current assets 1,837,488 652,050
Total non-current assets 16,268,456 16,285,120
Total assets 35,642,767 51,295,857
Current liabilities    
Accounts payable, net 7,180,009 11,227,116
Other payables and accrued liabilities 1,893,921 3,885,487
Lease liability - current 1,361,111 2,039,301
Short-term loan payable 0 491,214
Short-term loan payable - related party 0 350,000
Revolving loan payable, net 3,737,602 5,500,739
Income taxes payable 280,155 276,158
Total current liabilities 14,452,798 23,770,015
Non-current liabilities    
Lease liability - non-current 2,913,967 4,509,809
Total non-current liabilities 2,913,967 4,509,809
Total liabilities 17,366,765 28,279,824
Commitments and contingency
Stockholders' Equity    
Preferred stock, $0.001 par value; 20,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2025 and June 30, 2024 0 0
Common stock, $0.001 par value; 180,000,000 shares authorized; 31,359,899 and 31,359,899 shares issued and outstanding at June 30, 2025 and 2024 31,361 31,361
Additional paid in capital 33,450,885 33,463,883
Accumulated deficits (15,198,889) (10,230,601)
Non-controlling interest (47,462) (38,204)
Accumulated other comprehensive loss 40,107 (210,406)
Total stockholders' equity 18,276,002 23,016,033
Total liabilities and stockholders' equity $ 35,642,767 $ 51,295,857