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Cash and Cash Equivalents
9 Months Ended
Mar. 31, 2023
Cash and Cash Equivalents [Abstract]  
CASH AND CASH EQUIVALENTS

3. CASH AND CASH EQUIVALENTS

 

Below is a breakdown of the Company’s cash balances in banks as of June 30, 2022 and March 31, 2023, both by geography and by currencies (translated into U.S. dollars):

 

   As of
June 30,
   As of
March 31
 
By Geography:  2022   2023 
Cash in HK  $71,221,649   $18,712,816 
Cash in U.S.   3,259,002    5,322,792 
Total  $74,480,651   $24,035,608 
           
By Currency:          
USD  $64,187,756   $23,505,105 
HKD   415,930    426,138 
EUR   4,097    59,728 
GBP   24,680    25,219 
RMB   9,848,188    19,418 
Total  $74,480,651   $24,035,608 

 

“HKD” refers to Hong Kong dollars, “GBP” refers to British pounds, and “EUR” refers to Euros.