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Cash
6 Months Ended
Dec. 31, 2023
Cash [Abstract]  
CASH

4. CASH

 

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

 

   As of
June 30,
   As of
December 31,
 
By Geography:  2023   2023 
Cash in HK  $25,841,880   $13,719,458 
Cash in U.S.   14,458,693    3,582,723 
Cash in Malaysia   
-
    200,808 
Total  $40,300,573   $17,502,989 
           
By Currency:          
USD  $39,835,636   $17,175,077 
RM   
-
    89,908 
HKD   363,416    128,921 
EUR   59,702    66,645 
GBP   22,143    22,352 
RMB   19,676    20,086 
Total  $40,300,573   $17,502,989 

 

“HKD” refers to Hong Kong dollars, “GBP” refers to British pounds, “EUR” refers to Euros, “RM” refers to Malaysia ringgit, and “RMB” refers to Renminbi.