XML 22 R3.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Balance Sheets
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
CURRENT ASSETS:    
Cash and cash equivalents $ 2,517,577 $ 272,895
Restricted cash 562 785,105
Accounts receivable, net 7,522,465 11,094,702
Note receivables 1,885,183
Advanced to suppliers 2,675,445 1,632,975
Inventories 973,644 873,720
Prepayments and other current assets 6,918,026 1,353,457
TOTAL CURRENT ASSETS 20,761,273 18,049,402
NON-CURRENT ASSETS:    
Property, plant and equipment, net 84,623,119 23,363,352
Intangible assets, net 6,164,781 6,207,309
Prepayments for long-term assets 24,522,149 39,307,235
Deferred offering costs 634,978 538,584
Equity investment 2,261,433 2,229,194
TOTAL NON-CURRENT ASSETS 118,206,460 71,645,674
TOTAL ASSETS 138,967,733 89,695,076
CURRENT LIABILITIES:    
Short-term borrowings 20,624,062 25,788,560
Accounts payable 763,343 1,294,480
Contract liabilities 2,272,179 637,537
Accrued expenses and other current liabilities 19,258,940 9,790,325
TOTAL CURRENT LIABILITIES 72,744,655 57,318,539
NON-CURRENT LIABILITIES:    
Long-term borrowings 32,175,020
TOTAL LIABILITIES 104,919,675 57,318,539
Commitments and contingencies (Note 16)
SHAREHOLDERS’ EQUITY (DEFICIT):    
Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 20,000,000 and 20,000,000 shares issued and outstanding as of June 30, 2025 and 2024, respectively.* [1] 2,000 2,000
Additional paid-in capital [1] 777,992 777,992
Accumulated deficit (4,316,467) (3,383,846)
Accumulated other comprehensive loss (275,578) (245,500)
SHAREHOLDERS’ DEFICIT ATTRIBUTABLE TO TEXXON HOLDING LIMITED (3,812,053) (2,849,354)
Non-controlling interests 37,860,111 35,225,891
TOTAL EQUITY 34,048,058 32,376,537
TOTAL LIABILITIES AND EQUITY 138,967,733 89,695,076
Related Party    
CURRENT ASSETS:    
Loan to a related party 153,554 151,365
CURRENT LIABILITIES:    
Due to related parties $ 29,826,131 $ 19,807,637
[1] Shares presented on a retroactive basis to reflect the reorganization.