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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income (loss) $ 1,087,797 $ (1,842,225)
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation and amortization 548,827 710,403
Provision for losses on accounts receivable 290,179 632,074
Inventories impairment 107,882 2,038,575
Change in fair value of Bitcoin 262
Changes in operating assets    
Digital assets 42,206
Accounts receivable (1,497,030) (5,759,561)
Other current assets (460,379) 55,875
Inventories (777,538) 1,716,380
Advances to suppliers 3,774,885 (3,335,723)
Other assets 1,366 470,581
Deferred tax assets (268) (38,878)
Changes in operating liabilities    
Accounts payable (217,950) (105,889)
Customer deposits (1,106,858) 2,160,214
Amount due to related parties 21,516 86,979
Tax payables (44,627) 6,920
Accrued expenses and other payables (3,047,493) 607,896
Interest payable 1,499
Net cash used in operating activities (1,318,192) (2,553,911)
Cash flows from investing activities    
Purchase of plant, property, and equipment (12,952) (48,239)
Long-term equity investment (8,495,862)
Net cash used in investing activities (12,952) (8,544,101)
Cash flows from financing activities    
Proceeds from loans 5,726,880
Repayment of loans (511,362) (3,743,424)
Repurchases of common stock (1,216)
Net cash (used in) provided by financing activities (512,578) 1,983,456
Effect of exchange rate change on cash and cash equivalents 2,577,421 1,819,541
Net increase (decrease) in cash and cash equivalents 733,699 (7,295,015)
Cash and cash equivalents, beginning balance 52,519,418 58,772,587
Cash and cash equivalents, ending balance 53,253,117 51,477,572
Supplement disclosure of cash flow information    
Interest expense paid 115,628 104,983
Income taxes paid $ 53,210 $ 66,407