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Consolidated Statements of Cash Flow - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (3,584,213) $ (4,363,221) $ (6,062,329)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 77,692 305,780 293,135
Amortization of right-of-use asset 315,051 439,808 476,552
Share-based compensation 244,808 449,311 922,623
Interest income (185,772) (248,000) (85,400)
Loss on disposal of property and equipment 1,415
Change in operating assets and liabilities      
Prepayments and other receivables 146,980 (96,230) (28,950)
Long-term deposits 4,734 10,815 5,803
Accrued expenses 223,026 (32,753) 6,954
Operating lease liabilities (349,978) (465,070) (487,672)
Other payables – related parties (5,904) (2,127) (5,080)
Net cash used in operating activities (3,113,576) (4,001,687) (4,962,949)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (152,689) (5,376) (27,392)
Proceed from disposal of property and equipment 970
Proceeds from maturity of short-term investments 35,316,805 10,248,000 10,085,400
Placements of short-term investments (32,477,900) (5,000,000) (10,000,000)
Net cash provided by investing activities 2,686,216 5,242,624 58,978
CASH FLOWS FROM FINANCING ACTIVITY:      
Capital contribution from non-controlling interest of a subsidiary, net 102,282 134,913
Net cash provided by financing activity 102,282 134,913
EFFECT OF EXCHANGE RATE ON CASH (114,760) 53,221 (83,145)
NET CHANGE IN CASH (542,120) 1,396,440 (4,852,203)
CASH, beginning of year 2,961,235 1,564,795 6,416,998
CASH, end of year 2,419,115 2,961,235 1,564,795
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income tax
Cash paid for interest
Supplemental disclosure of non-cash financing activities:      
Right-of-use assets obtained in exchange of lease liabilities 778,625 71,122 189,767
Early termination of right-of-use assets in exchange of lease liabilities $ (40,353)