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Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 10,689,219 $ 13,346,584
Restricted cash 87,842
Accounts receivable, net 7,100,656 9,462,980
Prepayments, other receivables and other current assets 1,391,295 1,240,639
Inventories, net 1,538,816 3,715,494
Total current assets 20,807,828 27,765,697
Non-current assets:    
Property, plant and equipment, net 7,447,205 7,792,835
Right-of-use assets, net 3,177,674 3,474,737
Intangible asset, net 100,667 197,787
Deferred tax assets, net 165,983 329,594
Other non-current assets 4,547,727 4,076,456
Total non-current assets 15,439,256 15,871,409
Total Assets 36,247,084 43,637,106
Current Liabilities:    
Accounts payable 3,580,584 3,648,331
Other payables and accrued liabilities 1,024,301 2,684,556
Lease obligation – current 223,543 218,578
Bank borrowings 6,108,552 5,582,665
Tax payable 212,801
Total current liabilities 11,149,781 12,134,130
Non-current liabilities:    
Lease obligation – non-current 187,355 456,933
Total non-current liabilities 187,355 456,933
Total liabilities 11,337,136 12,591,063
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Ordinary shares: US$0.002 par value per share, 125,000,000 shares authorized; 11,250,000 shares issued and outstanding 22,500 22,500
Additional paid-up capital 34,361,149 34,361,149
Statutory reserves 1,049,119 1,049,119
Accumulated other comprehensive loss (3,708,980) (3,888,270)
Accumulated deficit (6,813,840) (498,455)
Total shareholders’ equity 24,909,948 31,046,043
Total liabilities and shareholders’ equity $ 36,247,084 $ 43,637,106