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Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Jun. 30, 2023
CURRENT ASSETS:    
Cash $ 230,563 $ 2,751,309
Investment in films-current 885,800 885,824
Advances to suppliers 12,697,192 8,864,972
Digital assets 140,586
Prepaid expenses and other current assets 2,025,820 95,992
TOTAL CURRENT ASSETS 40,932,053 32,253,714
Property and equipment, net 465,378 844,614
Intangible assets, net 119,519
Investment in films-non current 535,857
Operating right-of-use assets 35,273 84,892
Prepaid Taxes 621,990
Other non-current assets 266,196 5,120,599
TOTAL ASSETS 42,234,757 39,045,328
CURRENT LIABILITIES:    
Short-term bank loans 4,251,982 3,971,702
Long-term bank loans -current portion 415,566 1,158,413
Accounts payable 11,807,997 2,697,089
Taxes payable 4,117,521 4,327,182
Operating lease liability - current 45,269 65,115
TOTAL CURRENT LIABILITIES 25,391,116 12,827,546
Long-term bank loans 1,518,467
Operating lease liability - non-current 39,634
TOTAL LIABILITIES 26,909,583 12,867,180
Commitments and contingencies
SHAREHOLDERS’ EQUITY    
Ordinary shares (par value $0.01 per share; 64,400,000 Class A ordinary shares authorized; 3,362,733 and 1,862,733 Class A ordinary shares issued and outstanding as of June 30, 2024 and 2023, respectively; 10,600,000 Class B ordinary shares authorized, 576,308 Class B ordinary shares issued and outstanding as of June 30, 2024 and 2023, 1,000,000 Class C ordinary shares authorized, nil Class C shares issued and outstanding as of June 30, 2024 and 2023)* [1] 39,390 24,050
Subscription receivable (15,441) (15,441)
Additional paid-in capital 42,459,143 40,174,260
Statutory reserve 1,538,443 1,537,228
Accumulated deficit (27,006,989) (13,339,929)
Accumulated other comprehensive loss (1,705,614) (1,644,872)
TOTAL POP CULTURE GROUP CO., LTD SHAREHOLDERS’ EQUITY 15,308,932 26,735,296
Non-controlling interests 16,242 (557,148)
TOTAL SHAREHOLDERS’ EQUITY 15,325,174 26,178,148
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 42,234,757 39,045,328
Third Parties    
CURRENT ASSETS:    
Accounts receivable 22,174,192 19,642,337
CURRENT LIABILITIES:    
Contract liability 265,577 393,003
Accrued liabilities and other payables 190,480 215,042
Related Party    
CURRENT ASSETS:    
Accounts receivable 2,128,750
Due from related parties 649,150 13,280
CURRENT LIABILITIES:    
Contract liability 2,906,209
Accrued liabilities and other payables $ 1,390,515
[1] Retroactively restated to reflect 1-for-10 share consolidation effective on October 26, 2023