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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (21,124,253) $ (12,177,212)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for expected credit losses 15,786,550 1,880,986
Depreciation 6,600 6,600
Amortization of intangible assets 1,780,000 2,707,364
Amortization of right of use asset 39,941
Stock compensation expense 2,192,437 273,118
Amortization of debt issuance costs 72,284
Changes in operating assets and liabilities    
Other receivables (11,786,550) 6,818,718
Prepayments 9,448,055 (5,212,386)
Accounts payable (500,000)
Lease liabilities 3,166
Other payables and accrued liabilities 1,070,409 (212,003)
Net cash used in operating activities (2,511,361) (6,414,815)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings from related parties 151,216 317,116
Proceeds from a convertible note, net of debt issuance costs 1,000,000
Proceeds from sale of units, net of offering costs 5,018,985
Proceeds from sale of ordinary shares, net of offering costs 1,380,000 1,500,000
Net cash provided by financing activities 2,531,216 6,836,101
NET CHANGE IN CASH AND CASH EQUIVALENTS 19,855 421,286
CASH AND CASH EQUIVALENTS, beginning of period 239,473 872,313
CASH AND CASH EQUIVALENTS, end of period 259,328 1,293,599
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest expense
Cash paid for income tax
NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES:    
Initial recognition of operating right of use asset and lease liability 198,192
Ordinary shares issued for prepayments on concert cooperation rights 8,000,000
Ordinary shares issued for acquisition of intangible assets $ 7,200,000