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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) $ (1,454,132) $ 2,509,643 $ 2,087,694
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 288,072 332,728 251,081
Interest income from a related party (34,922) (592,581)
Allowance (recovery) for credit losses 720,054 (1,385) (220,339)
Loss on disposal of property, plant and equipment 50,236
Changes in operating assets and liabilities:      
Accounts receivable 2,986,453 (7,512,856) 3,711,146
Notes receivable 1,899,032 (1,896,246)
Inventories (86,676) (466,902) (358,965)
Advanced to suppliers (1,011,848) 147,725 (1,447,491)
Prepayments and other current assets (3,315,341) (559,757) 117,283
Notes payable (13,828,757) (24,696,655)
Accounts payable (546,002) (10,429,603) 4,486,026
Accrued expenses and other current liabilities 1,231,325 1,902,256 1,389,576
Contract liabilities 1,614,022 (957,134) 1,043,235
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 2,324,959 (30,795,210) (14,179,754)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of plant, property and equipment (45,103,546) (33,338,925) (22,615,531)
Purchase of intangible assets (6,805) (6,683,817)
Payments made for loans to related parties (152,253) (11,931,168)
Government grant received in connection with the construction of plant, property and equipment 2,853,622
Loan repayment from a related party 22,478,306
NET CASH USED IN INVESTING ACTIVITIES (42,249,924) (11,019,677) (41,230,516)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from short-term borrowings 154,521,737 141,956,726 22,969,397
Proceeds from long-term borrowings 30,105,666
Repayment of short-term borrowings (154,473,136) (127,367,676) (12,327,428)
Capital contribution from non-controlling interests 2,647,556 9,254,357 18,260,003
Financing cost paid for the syndicated loan (1,011,893)
Withdrawal of capital by non-controlling interests (1,460,814)
Capital contribution from shareholder 1,405,778
Payments made to shareholders to acquire Net Plastic Technology for the Reorganization (12,226,342)
Proceeds from related parties 9,663,775 19,747,892 106,062
Payments made for deferred offering costs (93,243) (539,639)
NET CASH PROVIDED BY FINANCING ACTIVITIES 41,360,462 29,364,504 30,413,812
EFFECT OF EXCHANGE RATE CHANGE ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH 24,642 1,326,240 (1,559,510)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 1,460,139 (11,124,143) (26,555,968)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – beginning of year 1,058,000 12,182,143 38,738,111
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – end of year 2,518,139 1,058,000 12,182,143
SUPPLEMENTAL CASH FLOW DISCLOSURES:      
Cash paid for income taxes (10,202) (432) (785)
Cash paid for interest (1,942,702) (549,534) (361,912)
Cash received from interest income 1,845 226,831 508,742
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:      
Payable related to purchase of property, plant, and equipment 5,318,449 6,069,298 1,385,669
Prepayment for long-term assets transferred to property, plant and equipment 19,262,697 4,516,656
Convertible loan transfer to other payables  
Interest receivable accrued related to loan to a related party 34,922 592,581
Cash and cash equivalents 2,517,577 272,895 1,328,917
Restricted cash 562 785,105 10,853,226
Total cash, cash equivalents and restricted cash $ 2,518,139 $ 1,058,000 $ 12,182,143