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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities    
Net loss $ (9,312,145) $ (1,593,394)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation 10,385 12,268
Amortization of right of use assets 284,169 198,914
Bad debt provision 579,265 426,971
Unrealized loss on investments 354,781 529,488
Amortization of debt discount 1,108,088
Stock issued for services 37 560,000
Changes in operating assets and liabilities    
Accounts receivable, net (449,210) (560,215)
Inventory, at cost (1,914,007) 393,636
Deposits and prepaids (303,457) (61,177)
Prepaid offering costs (1,999,475)
Operating lease liability (340,897) (202,437)
Deferred tax asset (209,768) (20,759)
Accounts payable and accrued expenses 42,233 363,694
Deferred revenue (29,251) (263,625)
Income tax payable (77,377) (169,615)
Accrued employee benefits, non-current 3,090 13,147
Net cash from activities (12,253,539) (373,104)
Cash Flows from Investing Activities    
Investment in note receivable (2,500,000)
Net cash from investing activities (2,500,000)
Cash Flows from Financing Activities    
Net activity on due to related parties 14,422 (79,064)
Funds raised in IPO, gross 13,614,983
Funds raised in convertible notes 1,840,000
Net cash from financing activities 15,469,405 (79,064)
Foreign currency translation adjustment (13,673) (27,063)
Change in cash and cash equivalents 702,193 (479,231)
Cash and cash equivalents at beginning of period 236,821 716,052
Cash and cash equivalents at end of period 939,014 236,821
Supplemental Cash Flow Information    
Cash paid for interest
Cash paid for income taxes 247,313 80,375
Non-Cash Investing and Financing Activities    
Stock issued for prepaid IPO services 5,040,000
Capital receivable of convertible notes 1,472,000
Operating lease liability and right of use asset 836,697
Conversion of debt to equity 3,600,000
Conversion of warrants of convertible notes to equity 820,088
Conversion of underwriter’s warrant to equity $ 37