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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income/loss in the year of disposition. Estimated useful lives are as follows:
   Estimated Useful Life
Office and other equipment  3 - 5 years
Furniture & fixtures  7 years
Leasehold improvements  Shorter of the term of the lease or
the estimated useful life of the assets
Schedule of Net Sales Disaggregated by Products The net sales disaggregated by products for the three and six month period ended December 31, 2022 and 2023, were as follows:
    Three months ended
December 31,
    Six months ended
December 31,
 
Net sales by product   2022     2023     2022     2023  
Tobacco vaping products   $ 24,061,401     $ 22,134,264     $ 43,008,459     $ 47,666,263  
Cannabis vaping products     7,835,998       19,551,297       15,831,990       36,883,945  
Total   $ 31,897,399     $ 41,685,561     $ 58,840,449     $ 84,550,208  
Schedule of Reconciliation of Basic Net Loss Per Share The following table presents a reconciliation of basic net loss per share:
   Three months ended
December 31,
   Six months ended
December 31,
 
   2022   2023   2022   2023 
   (Restated)       (Restated)     
Net loss  $(130,242)  $(4,022,324)  $(2,131,996)  $(5,396,939)
Weighted average basic and diluted share of common stock outstanding
   50,000,000    54,270,236    50,000,000    54,258,224 
Net loss per basic and diluted share of common stock
  $(0.01)  $(0.07)  $(0.04)  $(0.10)
Schedule of Major Customers For the three and six months ended December 31, 2022 and 2023, the Company’s major customers, who accounted for more than 10% of the Company’s consolidated revenue, were as follows:
   Three months ended
December 31,
   Six months ended
December 31,
 
   2022   2023   2022   2023 
Major Customers                
Customer A   39%   26%   38%   30%
Customer B   *    13%   *    * 
*Represented less than 10% of consolidated revenue.
Schedule of Major Suppliers For the three and six months ended December 31, 2022 and 2023, the Company’s suppliers, who accounted for more than 10% of the Company’s total purchases, were as follows:
   Three months ended
December 31,
   Six months ended
December 31,
 
   2022   2023   2022   2023 
Major Suppliers                
Supplier A   100%   71%   100%   70%
(1)Major supplier A is Shenzhen Yi Jia, a Chinese company that is 95% owned by the Company’s co-chief executive officer and principal stockholder. See Note 11.