XML 18 R7.htm IDEA: XBRL DOCUMENT

Organization and Business Description

6 Months Ended

Dec. 31, 2025

Organization and Business Description [Abstract]

ORGANIZATION AND BUSINESS DESCRIPTION

NOTE 1 — ORGANIZATION AND BUSINESS DESCRIPTION

Lakeside Holding Limited (the “Company”), is a holding company established on August 28, 2023 under the laws of the State of Nevada. The Company, acting through its subsidiary, is primarily engaged in providing customized cross-border ocean freight solutions and airfreight solutions. On July 1, 2024, the Company closed its initial public offering (“IPO”) of 1,500,000 shares of its common stock at an IPO price of $4.50 per share for aggregate gross proceeds of approximately $6.75 million from the offering (Note 17). In connection with the offering, the Company’s common shares began trading on the Nasdaq Capital Market under the trading symbol “LSH.”

As of December 31, 2025, the Company’s subsidiaries are as follows:

Name		Date of Incorporation/ Acquisition		Jurisdiction of Formation		Percentage of direct/indirect Economic Ownership			Principal Activities
Parent Company
Lakeside Holding Limited		August 28, 2023		Nevada		Parent			Holding company
Subsidiaries/companies with ownership
American Bear Logistics Corp. (“ABL Chicago”)		February 5, 2018		Illinois		100%			Logistics services
Sichuan Hupan Jincheng Enterprise Management Co., Ltd (“Sichuan Hupan”)		July 10, 2024		Sichuan, China		100%			Exploring business opportunities in China
Hupan Pharmaceutical (Hubei) Co., Ltd (“Hupan Pharmaceutical”)		November 21, 2024		Hubei, China		100%			Medical injection and pharmaceutical distributor
Smart Reserve Holding LTD		September 16, 2025		Cayman Islands		100%			Expected to be involved in digital asset business
Smart Reserve Inc		September 25, 2025		Cayman Islands		100%			Expected to be involved in digital asset business

Basis of presentation and principles of consolidation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and have been consistently applied. The accompanying unaudited condensed consolidated financial statements include the financial statements of Lakeside Holding Limited and its subsidiaries. All inter-company balances and transactions have been eliminated upon consolidation.

Going concern

The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future.

As of December 31, 2025, the Company had an accumulated deficit of approximately $8.3 million. For the six months ended December 31, 2025, the Company incurred a net loss of approximately $2.9 million and the net cash used in operating activities was approximately $4.5 million. Losses have principally occurred as a result of the substantial resources required for general and administrative expenses associated with our operations. The continuation of the Company as a going concern is dependent upon the continued financial support from its external financing. The Company currently plans to fund its operations and support its ongoing acquisition projects mainly through cash flow from loans, issuance of notes and additional equity financing from outside investors, if necessary, to ensure sufficient working capital. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations.

These factors, among others, raise the substantial doubt regarding the Company’s ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provide the opportunity for the Company to continue as a going concern.