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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Jun. 30, 2024
Current assets    
Cash and cash equivalents $ 2,192,254 $ 7,377,837
Accounts receivable, net 10,179,237 14,740,093
Inventories, net 9,772,699 10,546,273
Prepayments and other current assets, net 2,660,968 2,346,534
Total current assets 24,805,158 35,010,737
Non-current assets    
Right of use - non-current 4,281,622 6,124,163
Property and equipment, net 271,473 370,887
Deferred tax assets, net 2,961,886 2,445,605
Goodwill 3,034,110 3,034,110
Intangible assets, net 3,143,671 3,630,700
Other non-current assets 2,008,561 679,655
Total non-current assets 15,701,323 16,285,120
Total assets 40,506,481 51,295,857
Current liabilities    
Accounts payable, net 8,034,949 11,227,116
Other payables and accrued liabilities 3,241,283 3,885,487
Lease liability - current 1,392,146 2,039,301
Short-term loan payable 0 491,214
Short-term loan payable - related party 0 350,000
Revolving loan payable, net 0 5,500,739
Income taxes payable 278,769 276,158
Total current liabilities 12,947,147 23,770,015
Non-current liabilities    
Long-term revolving loan payable, net 3,573,896 0
Lease liability - non-current 3,267,491 4,509,809
Total non-current liabilities 6,841,387 4,509,809
Total liabilities 19,788,534 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 March 31, 2025 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 March 31, 2025 and June 30, 2024 31,361 31,361
Additional paid in capital 33,321,103 33,463,883
Accumulated deficit (12,380,662) (10,230,601)
Non-controlling interest (46,969) (38,204)
Accumulated other comprehensive loss (206,886) (210,406)
Total stockholders' equity 20,717,947 23,016,033
Total liabilities and stockholders' equity $ 40,506,481 $ 51,295,857