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Unaudited Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
REVENUES    
Total revenues $ 19,008,521 $ 26,508,374
COST OF REVENUES    
Total cost of revenues 10,520,624 14,749,529
GROSS PROFIT 8,487,897 11,758,845
OPERATING EXPENSES:    
Selling and fulfillment 5,914,808 10,063,471
General and administrative 5,319,523 2,964,051
Total operating expenses 11,234,331 13,027,522
LOSS FROM OPERATIONS (2,746,434) (1,268,677)
OTHER INCOME (EXPENSE)    
Interest expenses (139,962) (228,365)
Loss on equity method investment (919) (1,025)
Other non-operating income (Loss) 218,686 (67,166)
Total other income (expenses), net 77,805 (296,556)
LOSS BEFORE INCOME TAXES (2,668,629) (1,565,233)
PROVISION FOR INCOME TAX BENEFIT 636,512 275,882
NET LOSS (2,032,117) (1,289,351)
Non-controlling interest 2,836 2,836
NET LOSS ATTRIBUTABLE TO IPOWER INC. (2,029,281) (1,286,515)
OTHER COMPREHENSIVE LOSS    
Foreign currency translation adjustments (55,054) (707)
COMPREHENSIVE LOSS ATTRIBUTABLE TO IPOWER INC. (2,084,335) (1,287,222)
Product Sales [Member]    
REVENUES    
Product sales revenues 18,275,412 26,508,374
COST OF REVENUES    
Product costs 9,917,448 14,749,529
Service Income [Member]    
REVENUES    
Service income 733,109 0
Service Costs [Member]    
COST OF REVENUES    
Service costs $ 603,176 $ 0