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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Jun. 30, 2024
Current assets    
Cash and cash equivalent $ 2,577,305 $ 7,377,837
Accounts receivable, net 12,278,182 14,740,093
Inventories, net 8,668,497 10,546,273
Prepayments and other current assets, net 2,808,914 2,346,534
Total current assets 26,332,898 35,010,737
Non-current assets    
Right of use - non-current 5,226,888 6,124,163
Property and equipment, net 337,036 370,887
Deferred tax assets, net 3,090,525 2,445,605
Goodwill 3,034,110 3,034,110
Intangible assets, net 3,468,357 3,630,700
Other non-current assets 905,673 679,655
Total non-current assets 16,062,589 16,285,120
Total assets 42,395,487 51,295,857
Current liabilities    
Accounts payable, net 8,352,699 11,227,116
Other payables and accrued liabilities 3,507,224 3,885,487
Lease liability - current 1,686,889 2,039,301
Short-term loan payable 0 491,214
Short-term loan payable - related party 350,000 350,000
Revolving loan payable, net 5,500,739
Income taxes payable 285,963 276,158
Total current liabilities 14,182,775 23,770,015
Non-current liabilities    
Long-term revolving loan payable, net 3,131,955 0
Lease liability - non-current 3,945,935 4,509,809
Total non-current liabilities 7,077,890 4,509,809
Total liabilities 21,260,665 28,279,824
Commitments and contingency
Stockholders' Equity    
Preferred stock, $0.001 par value; 20,000,000 shares authorized; 0 shares issued and outstanding at September 30, 2024 and June 30, 2024 0 0
Common stock, $0.001 par value; 180,000,000 shares authorized; 31,359,899 shares issued and outstanding at September 30, 2024 and June 30, 2024 31,361 31,361
Additional paid in capital 33,669,843 33,463,883
Accumulated deficits (12,259,882) (10,230,601)
Non-controlling interest (41,040) (38,204)
Accumulated other comprehensive loss (265,460) (210,406)
Total stockholders' equity 21,134,822 23,016,033
Total liabilities and stockholders' equity $ 42,395,487 $ 51,295,857