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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Jun. 30, 2025
Current assets    
Cash and cash equivalents $ 2,668,304 $ 9,190,277
Accounts receivable and other receivable, net of credit loss allowance of $594,869 and $594,869 18,392,275 22,207,500
Other current assets 783,826 998,925
Prepaid expenses 1,307,390 1,375,646
Loan receivables, net of credit loss allowance of $nil and $nil 1,681,245 3,893,563
Total current assets 24,833,040 37,665,911
Non-current assets    
Restricted cash 4,398,412 4,387,550
Property and equipment, net 10,074,357 11,259,820
Intangible assets, net 22,259 54,627
Right-of-use assets – operating leases 102,118,310 115,361,185
Right-of-use assets – finance leases 1,408,755 745,547
Other non-current assets 883,125 739,555
Total assets 143,738,258 170,214,195
Current liabilities    
Accounts payable and accrued liabilities 8,381,753 9,604,783
Contract liabilities 602,808 939,097
Accrued payroll liabilities 663,443 283,150
Convertible notes 5,292,749
Operating lease liabilities – current 35,351,135 29,280,907
Finance lease liabilities – current 759,787 386,327
Total current liabilities 45,758,926 45,787,013
Non-current liabilities    
Operating lease liabilities – non-current 83,822,574 98,939,552
Finance lease liabilities – non-current 702,532 397,692
Total liabilities 130,284,032 145,124,257
Commitments and contingencies
Stockholders’ equity    
Common stock, US$0.00001 par value, 100,000,000 shares authorized, 45,443,079 and 42,250,934 issued and outstanding as of March 31, 2026 and June 30, 2025, respectively 454 422
Additional paid-in capital 20,468,826 16,668,858
Retained earnings (Accumulated deficits) (7,015,054) 8,420,658
Total stockholders’ equity 13,454,226 25,089,938
Total liabilities and stockholders’ equity $ 143,738,258 $ 170,214,195