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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2022
Jun. 30, 2022
CURRENT ASSETS:    
Cash $ 1,159,147 $ 14,396,032
Short-Term Investment 2,703,869
Accounts receivable, net 25,125,547 26,278,634
Advance to suppliers 10,740,538 9,351,431
Due from related parties 1,385,635
Prepaid expenses and other current assets 1,195,401 805,427
TOTAL CURRENT ASSETS 42,310,137 50,831,524
Property and equipment, net 1,507,570 71,763
Intangible assets, net 2,118,520 2,204,411
Operating right-of-use asset 336,356 461,399
Prepaid Taxes 781,054 332,022
Deferred tax assets 517,835 457,649
Other non-current assets 13,594,998 10,009,200
TOTAL ASSETS 61,166,470 64,367,968
CURRENT LIABILITIES:    
Short-term bank loans 5,219,510 3,792,121
Accounts payable 2,192,357 966,822
Deferred revenue 770,697 47,710
Taxes payable 4,761,288 4,697,267
Due to a related party 14,783 149,296
Accrued liabilities and other payables 299,595 229,209
Operating lease liability - current 202,230 208,926
TOTAL CURRENT LIABILITIES 13,460,460 10,091,351
Long-term bank loans 173,984 1,254,087
Operating lease liability - non-current 155,082 250,178
TOTAL LIABILITIES 13,789,526 11,595,616
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, 2021 and 2022; 18,286,923 Class A Ordinary Shares issued and outstanding as of December 31, 2021 and 2022; 6,000,000 Class B Ordinary Shares authorized, 5,763,077 Class B Ordinary Shares issued and outstanding as of December 31, 2021 and 2022, respectively) 24,050 24,050
Subscription receivable (15,441) (15,441)
Additional paid-in capital 40,157,723 40,158,643
Statutory reserve 1,608,689 1,499,369
Retained earnings 6,204,644 11,028,345
Accumulated other comprehensive (loss) income (824,189) 69,019
TOTAL POP CULTURE GROUP CO., LTD SHAREHOLDERS’ EQUITY 47,155,476 52,763,985
Non-controlling interests 221,468 8,367
TOTAL SHAREHOLDERS’ EQUITY 47,376,944 52,772,352
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 61,166,470 $ 64,367,968