XML 42 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Comprehensive (Loss)/Income - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Total revenue $ 150,356,539 $ 152,022,381 $ 126,061,693
Total cost of revenue (115,874,809) (111,033,345) (85,890,757)
Gross profit 34,481,730 40,989,036 40,170,936
Operating income (expenses):      
Selling and marketing expenses (3,300,555) (4,103,066) (3,753,236)
Research and development expenses (8,336,999) (7,971,145) (13,337,913)
General and administrative expenses (21,641,317) (23,045,664) (16,784,688)
Impairment of goodwill (2,382,538)
Subsidies and other operating income 1,256,070 1,536,394 2,080,087
Total operating expenses (34,405,339) (33,583,481) (31,795,750)
Income from operations 76,391 7,405,555 8,375,186
Other income 1,123,612 854,250 296,319
Other expenses (430,357) (575,605) (351,045)
Income before income tax and share of income in equity investees 769,646 7,684,200 8,320,460
Provision for income taxes 674,344 3,045,992 1,257,124
Income before share of income in equity investees 95,302 4,638,208 7,063,336
Share of income (loss) in equity investees, net of tax 70,263 (50,297) (44,121)
Net income 165,565 4,587,911 7,019,215
Less: net (loss) income attributable to noncontrolling interest (26,964) 132,483 202,643
Net income attributable to CLPS Incorporation's shareholders 192,529 4,455,428 6,816,572
Other comprehensive (loss) income      
Foreign currency translation (loss) income (3,532,507) (1,828,542) 2,695,223
Less: foreign currency translation (loss) income attributable to noncontrolling interests (92,161) (48,211) 102,475
Other comprehensive (loss) income attributable to CLPS Incorporation’s shareholders (3,440,346) (1,780,331) 2,592,748
Comprehensive (loss) income attributable to CLPS Incorporation's shareholders (3,247,817) 2,675,097 9,409,320
Comprehensive (loss) income attributable to noncontrolling interests (119,125) 84,272 305,118
Comprehensive (loss) income $ (3,366,942) $ 2,759,369 $ 9,714,438
Basic earnings per common share (in Dollars per share) $ 0.01 $ 0.21 $ 0.39
Weighted average number of share outstanding – basic (in Shares) 23,153,976 20,924,683 17,279,443
Diluted earnings per common share (in Dollars per share) $ 0.01 $ 0.21 $ 0.39
Weighted average number of share outstanding – diluted (in Shares) 23,153,976 21,057,063 17,569,440
Revenue from Third Parties      
Total revenue $ 150,298,963 $ 151,970,357 $ 125,792,221
Revenue from Related Parties      
Total revenue 57,576 52,024 269,472
Cost of Revenue from Third Parties      
Total cost of revenue (115,827,597) (110,989,394) (85,664,401)
Cost of revenue from Related Parties      
Total cost of revenue $ (47,212) $ (43,951) $ (226,356)