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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2021
Jun. 30, 2021
CURRENT ASSETS:    
Cash $ 28,510,993 $ 1,319,977
Accounts receivable, net 26,566,497 25,537,236
Advance to suppliers 6,452,036 1,999,876
Prepaid expenses and other current assets 1,384,074 3,553,028
TOTAL CURRENT ASSETS 62,913,600 32,410,117
Property and equipment, net 105,068 48,393
Intangible asset, net 1,545,488 1,635,321
Operating right-of-use asset 155,359 194,747
Deferred tax assets 403,302 140,757
Other non-current assets 740,197
TOTAL ASSETS 65,863,014 34,429,335
CURRENT LIABILITIES:    
Short-term bank loans 3,985,814 5,140,990
Accounts payable 1,238,992 1,900,883
Deferred revenue 393,874 1,648,847
Taxes payable 4,544,132 4,232,391
Due to a related party 225,000
Accrued liabilities and other payables 262,447 77,567
Operating lease liability - current 96,227 98,427
TOTAL CURRENT LIABILITIES 10,521,486 13,324,105
Long-term bank loans 1,506,449 1,672,370
Operating lease liability - non-current 50,583 104,755
TOTAL LIABILITIES 12,078,518 15,101,230
Commitments and contingencies  
SHAREHOLDERS’ EQUITY    
Ordinary Shares (par value $0.001 per share; 44,000,000 Class A Ordinary Shares authorized as of December 31, 2020 and 2021; 11,021,834 and 18,286,923 Class A Ordinary Shares issued and outstanding as of December 31, 2020 and 2021, respectively; 6,000,000 Class B Ordinary Shares authorized, 5,763,077 Class B Ordinary Shares issued and outstanding as of December 31 2020 and 2021, respectively) * 24,050 17,850
Subscription receivable (15,441) (15,441)
Additional paid-in capital 40,706,356 6,643,118
Statutory reserve 1,391,770 1,241,573
Retained earnings 10,794,621 10,498,183
Accumulated other comprehensive (loss) income 883,140 942,822
TOTAL POP CULTURE GROUP CO., LTD SHAREHOLDERS’ EQUITY 53,784,496 19,328,105
Non-controlling interests
TOTAL SHAREHOLDERS’ EQUITY 53,784,496 19,328,105
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 65,863,014 $ 34,429,335