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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:      
Net income/(loss) $ 1,194,497 $ (2,272,297) $ 1,751,170
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 206,817 258,557 197,233
Property and equipment written off 882
Loss from disposal of property and equipment 1,295
Amortization of right-of-use assets 533,667 595,440 381,795
Reversal provision for credit loss (99,003)
Provision /(Reversal) for inventory impairment 374 (1,851) 1,851
Share-based compensation 608,573 1,161,408 1,325,616
Debt issuance costs 160,681 102,783
Deferred income tax provision 134,632 (134,836) 23,465
Unrealized exchange (gain)/ loss (738,603) 265,606 (383,469)
Changes in operating assets and liabilities:      
Notes receivable (8,014) (3,072) 18,000
Accounts receivable 1,207,384 49,480,387 (3,711,373)
Inventories (988,685) 506,206 (495,580)
Advances to suppliers 2,266,224 (2,413,698) 5,004,076
Prepaid expenses and other current assets (613,354) 362,826 315,056
Accounts payable (986,372) (46,402,108) (6,364,245)
Contract liabilities (808,666) 1,348,015 (1,832,960)
Taxes payable 267,625 286,206 421,057
Lease liabilities 420,736 (620,044) (392,422)
Accrued expenses and other current liabilities 49,517 (496,471) (15,764)
Net cash provided by (used in) operating activities 2,746,352 2,082,250 (3,751,832)
Cash flows from investing activities:      
Purchase of property and equipment (32,478) (97,455) (81,913)
Proceeds from disposal of property and equipment 2,246
Purchase of intangible assets (47,263) (60,239) (63,698)
Purchase of short-term investments (4,051,068) (1,122,520) (4,125,704)
Proceeds upon maturity of short-term investments 4,051,068 1,122,520 4,127,088
Net cash used in investing activities (79,741) (155,448) (144,227)
Cash flows from financing activities:      
Proceeds from short-term bank loans 168,375,378 26,947,383 30,912,118
Repayments of short-term bank loans (168,102,629) (30,953,952) (27,708,103)
Proceeds from loans payable to third-parties 1,015,000 660,000
Repayments from loans payable to third-parties (1,015,000) (760,000)
Proceeds from banker’s acceptance notes payable 4,334,761 4,490,080
Repayment of banker’s acceptance notes payable (1,538,141) (2,946,120)
Proceeds from borrowings from related parties 3,416,744 10,738,325 5,540,543
Proceeds from sale of common stock, net of issuance costs 111,882 1,269,406 4,433,552
Repayment of related party borrowings (3,684,978) (11,791,154) (4,328,894)
Net cash provided by (used in) financing activities 2,913,017 (2,246,032) 8,749,216
Effect of exchange rate fluctuation on cash and restricted cash (2,685,096) (609,177) (1,391,813)
Net increase (decrease) in cash and restricted cash 2,894,532 (928,407) 3,461,344
Cash and restricted cash at beginning of year 5,484,960 6,413,367 2,952,023
Cash and restricted cash at end of year 8,379,492 5,484,960 6,413,367
Supplemental of cash information      
Cash paid for income taxes (100,075) (154,623) (190,438)
Cash paid for interest (397,071) (696,908) (567,915)
Supplemental disclosure of non-cash information:      
Lease liabilities arising from obtaining right-of-use assets $ 960,977 $ 105,885 $ 241,678