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Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Jun. 30, 2024
CURRENT ASSETS:    
Cash $ 1,750,420 $ 2,453,728
Restricted cash 6,629,072 3,031,232
Short-term investments
Notes receivable 11,063 3,071
Accounts receivable 27,218,260 28,297,491
Inventories, net 1,326,007 339,286
Advances to suppliers 1,756,138 4,022,696
Prepaid expenses and other current assets 1,524,801 984,563
TOTAL CURRENT ASSETS 40,215,761 39,132,067
Property and equipment, net 57,637 123,295
Right-of-use assets, net 822,100 379,101
Intangible assets, net 128,095 204,033
Other non-current assets 14,879 1,448
Deferred tax assets 135,098
TOTAL NON-CURRENT ASSETS 1,022,711 842,975
TOTAL ASSETS 41,238,472 39,975,042
CURRENT LIABILITIES:    
Short-term bank loans, net 9,893,448 10,211,264
Notes payable 4,330,452 1,543,465
Accounts payable 4,278,634 5,263,945
Contract liabilities 2,218,095 3,037,609
Due to related parties 205,485 474,544
Taxes payable 3,506,606 3,251,484
Lease liabilities 391,436 408,001
Accrued expenses and other current liabilities 556,831 404,016
TOTAL CURRENT LIABILITIES 25,380,987 24,594,328
Lease liabilities 435,826
TOTAL NON-CURRENT LIABILITY 435,826
TOTAL LIABILITIES 25,816,813 24,594,328
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Additional paid-in capital 20,525,622 19,956,956
Statutory reserve 624,097 624,097
Accumulated deficit (6,412,100) (7,606,597)
Accumulated other comprehensive income/(loss) (1,232,986) 646,041
TOTAL SHAREHOLDERS’ EQUITY 15,421,659 15,380,714
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 41,238,472 39,975,042
Class A Ordinary Shares    
SHAREHOLDERS’ EQUITY    
Ordinary shares value 1,304,306 1,147,497
Class B Ordinary Shares    
SHAREHOLDERS’ EQUITY    
Ordinary shares value 612,720 612,720
Related Party    
CURRENT LIABILITIES:    
Due to related parties $ 205,485 $ 474,544