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Note 3 - Discontinued Operations (Tables)
12 Months Ended
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