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Loss Per Shares
 6 Months Ended
Dec. 31, 2023
Loss Per Shares [Abstract]  
Loss per shares

Note 13 – Loss per shares

 

The Company computes loss per share of Class A ordinary shares and Class B ordinary shares using the two-class method. The rights, including the liquidation and dividend rights, of the holders of Class A ordinary shares and Class B ordinary shares are identical.  As a result, the undistributed earnings (loss) for each year are allocated based on the contractual participation rights of the Class A ordinary shares and Class B ordinary shares as if the earnings for the year had been distributed. As the liquidation and dividend rights are identical, the undistributed loss are allocated on a proportionate basis.

 

The following tables set forth the computation of basic and diluted loss per share of Class A ordinary shares and Class B ordinary shares:

 

   For the
Six Months Ended
December 31,
2023		   For the
Six Months
Ended
December 31,
2022		 
   Class A
Ordinary
Shares		   Class B
Ordinary
Shares		   Class A
Ordinary
Shares		 
Basic and diluted loss per share:            
Numerator            
Allocation of undistributed loss  $(20,089,014)  $(1,035,239)  $(12,177,212)
Denominator               
Number of shares used in per share computation   23,286,243    1,200,000    150,146 
Basic and diluted loss per share
  $(0.86)  $(0.86)  $(81.10)