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Note 3 - Discontinued Operations (Tables) | 12 Months Ended
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Jun. 30, 2025
Notes Tables |
Disposal Groups, Including Discontinued Operations [Table Text Block] |
|  | Year Ended June 30, |  |  | Two Months Ended August 31, |
|  | 2023 |  |  | 2024 |  |  | 2024 |
|  | US$ |  |  | US$ |  |  | US$ |
Discontinued operations |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  |  |  |  |  |  |  |  |  |  |  |
Wealth management |  |  | 376 |  |  |  | 2,286 |  |  |  | 11 |
Asset management |  |  | 2,952 |  |  |  | 3,919 |  |  |  | 1,170 |
Total net revenues |  |  | 3,328 |  |  |  | 6,205 |  |  |  | 1,181 |
Operating cost and expenses |  |  |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  |  | 1,372 |  |  |  | 1,451 |  |  |  | 602 |
Sales and marketing expenses |  |  | 536 |  |  |  | 359 |  |  |  | - |
General and administrative expenses |  |  | 1,720 |  |  |  | 1,969 |  |  |  | 266 |
Asset impairment loss |  |  | - |  |  |  | 2,158 |  |  |  | - |
Total operating cost and expenses |  |  | 3,628 |  |  |  | 5,937 |  |  |  | 868 |
(Loss)/ income from operations |  |  | (300 | ) |  |  | 268 |  |  |  | 313 |
Other expense, net |  |  | (8 | ) |  |  | (16 | ) |  |  | (1 | )
(Loss)/ income before income tax expense |  |  | (308 | ) |  |  | 252 |  |  |  | 312 |
Income tax expense |  |  | - |  |  |  | (230 | ) |  |  | (29 | )
Net (loss) / income from discontinued operations |  |  | (308 | ) |  |  | 22 |  |  |  | 283 |
Gain on disposal of subsidiaries from discontinued operations, net |  |  | - |  |  |  | - |  |  |  | 138 |
(Loss)/ income for the year from discontinued operations, net of income taxes |  |  | (308 | ) |  |  | 22 |  |  |  | 421 |
Summarized cash flow information for discontinued operations is as follows: |  |  |  |  |  |  |  |  |  |  |  |
Net cash flows provided by/ (used in) operating activities |  |  | 370 |  |  |  | (587 | ) |  |  | (1,265 | )
Net cash flows (used in)/ provided by investing activities |  |  | (256 | ) |  |  | - |  |  |  | 33 |
The following table summarizes significant non-cash operating items and capital expenditures of discontinued operations included in the consolidated statements of cash flows for the periods presented. |  |  |  |  |  |  |  |  |  |  |  |
Significant non-cash operating items |  |  |  |  |  |  |  |  |  |  |  |
Amortization of intangible asset |  |  | 13 |  |  |  | 51 |  |  |  | - |
Asset impairment loss |  |  | - |  |  |  | 2,158 |  |  |  | - |
Significant investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Purchase of intangible asset |  |  | (256 | ) |  |  | - |  |  |  | - |
|  | Wealth management business |  |  | Asset management business |  |  | Total |
|  | US$ |  |  | US$ |  |  | US$ |
Considerations received |  |  | - |  |  |  | 641 |  |  |  | 641 |
Less: Net assets disposed of |  |  | (134 | ) |  |  | (369 | ) |  |  | (503 | )
(Loss)/ gain from disposal of subsidiaries |  |  | (134 | ) |  |  | 272 |  |  |  | 138 |
|  | As of June 30, 2024 |  |  | As of August 31, 2025 |
|  | US$ |  |  | US$ |
Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 1,873 |  |  |  | 608 |
Deposits, prepayments and other current assets |  |  | - |  |  |  | 256 |
Due from related parties |  |  | - |  |  |  | 93 |
Income tax receivable |  |  | - |  |  |  | 220 |
Total Assets |  |  | 1,873 |  |  |  | 1,177 |
Liabilities |  |  |  |  |  |  |  |
Commission payable |  |  | 859 |  |  |  | 378 |
Income tax payable |  |  | 91 |  |  |  | 210 |
Due to related parties |  |  | 1,970 |  |  |  | 86 |
Other payable and accrued liabilities |  |  | 7 |  |  |  | - |
Total Liabilities |  |  | 2,927 |  |  |  | 674 |
Net (liabilities)/ assets |  |  | (1,054 | ) |  |  | 503 |

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