XML 21 R2.htm IDEA: XBRL DOCUMENT v3.24.4
Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Jun. 30, 2023
Current assets    
Cash and cash equivalents $ 939,014 $ 236,821
Investment in marketable securities 124,963 494,275
Accounts receivable, net 60,042 174,341
Inventory, at cost 2,439,793 525,786
Capital receivables of convertible notes 1,472,000
Note receivable 2,500,000
Deposits and prepaids 316,869 13,412
Prepaid offering costs 1,200,000 5,317,866
Total current assets 9,052,681 6,762,501
Property and equipment, net 27,133 38,743
Operating right of use asset, net 557,798 605,794
Deferred tax asset, net 342,122 132,354
Brand names 337,504 337,504
Goodwill 1,161,052 1,161,052
Total assets 11,478,290 9,037,948
Current liabilities    
Accounts payable and accrued expenses 1,210,956 1,168,723
Deferred revenue 209,100 238,351
Income tax payable 408,681 486,058
Current portion of operating lease liability 278,432 212,062
Total current liabilities 2,145,977 2,129,580
Accrued employee benefits, non-current 21,520 18,430
Operating lease liability, less current portion 301,921 473,015
Total liabilities 2,469,418 2,621,025
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, $0.0001 par value; 500,000,000 shares authorized, 20,123,386 and 8,120,000 shares issued and outstanding at June 30, 2024 and 2023, respectively 2,012 812
Additional paid-in capital 19,014,389 7,097,822
Accumulated other comprehensive loss (13,737) (64)
Accumulated deficit (9,993,792) (681,647)
Total stockholders’ equity 9,008,872 6,416,923
Total liabilities and stockholders’ equity 11,478,290 9,037,948
Related Party [Member]    
Current liabilities    
Due to related parties $ 38,808 $ 24,386