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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 24,035,608 $ 74,480,651
Accounts receivable, net 15,412,769 8,260,574
Held-to-maturity investment 9,604,418
Inventories, net 14,237,162 14,580,557
Prepaid expenses and other current assets 290,616 192,499
Due from related parties 1,934,855
Total current assets 63,580,573 99,449,136
Other assets:    
Property, plant and equipment, net 588,213 114,025
Rental deposit 721,497 876,100
Right-of-use assets 4,359,274 295,804
Intangible assets 72,714,652
Total other assets 78,383,636 1,285,929
Total assets 141,964,209 100,735,065
Current liabilities    
Accounts payable 178,140 290,541
Accounts payable – related party 56,044,267 41,982,373
Contract liabilities 742,247 1,672,051
Dividends payable   3,362,639
Accrued liabilities and other payables 520,057 159,296
Due to related parties 40,672,768
Income tax payable 481,113
Lease liabilities 917,310 347,541
Total current liabilities 58,402,021 88,968,322
Other liabilities:    
Lease liabilities 3,608,580
Total liabilities 62,010,601 88,968,322
Stockholders’ equity:    
Common stock, par value $0.0001 per share; 140,000,000 shares authorized; 50,000,000 shares issued and outstanding as of June 30 2022 and March 31, 2023 5,000 5,000
Preferred stock, par value $0.0001 per share, 10,000,000 shares authorized, no shares issued at June 30, 2022 and March 31, 2023
Capital contribution 74,259,915
Accumulated other comprehensive loss (199,938) (184,664)
Retained earnings 5,888,631 11,946,407
Total stockholders’ equity 79,953,608 11,766,743
Total liabilities and stockholders’ equity $ 141,964,209 $ 100,735,065