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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,726,929) $ (1,816,453)
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities:    
Depreciation and amortization expense 395,751 392,568
Inventory reserve 58,453 288,474
Credit loss reserve 49,713 1,516,940
Loss on equity method investment 0 1,721
Stock-based compensation expense 1,100,405 403,273
Shares issued for consulting services 20,972 0
Loss on deconsolidation of VIE 39,624 0
Amortization of operating lease right of use assets 628,787 932,701
Change in FV of Derivative Liability (176,600) 0
Unrealized gain/loss on digital assets (5,759) 0
Loss on extinguishment of debt 24,100 0
Gain on disposal of vehicle (63,605) 0
Amortization of debt premium / discount and non-cash financing costs 22,231 125,906
Change in operating assets and liabilities    
Accounts receivable 919,175 (703,279)
Inventories 4,460,891 1,074,168
Deferred tax assets (1,028,563) (555,912)
Prepayments and other current assets, net 1,790,481 53,790
Other non-current assets 65,772 156,842
Accounts payable (4,022,907) (2,373,796)
Other payables and accrued liabilities (849,123) 69,014
Operating lease liabilities (662,320) (952,672)
Income taxes payable (276,643) (1,211)
Net cash provided by (used in) operating activities 763,906 (1,387,926)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Deconsolidation of VIE (160,113) 0
Investment in joint venture (293,526) 0
Restricted cash held in Bitgo account (2,209,000) 0
Purchase of digital assets (2,209,000) 0
Prepayments for software development (721,989) (664,366)
Net cash used in investing activities (5,593,628) (664,366)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of offering cost settlement 0 (325,000)
Proceeds from short-term loans -related party 1,050,100 0
Proceeds from short-term loans 1,500,000 0
Payments on short-term loans - related party 0 (483,599)
Net proceeds from convertible notes 6,035,200 0
Proceeds from revolving loan 3,619,974 3,650,210
Payments on revolving loan (7,383,223) (5,400,000)
Net cash provided by (used in) financing activities 4,822,051 (2,558,389)
EFFECT OF EXCHANGE RATE ON CASH 11,519 110,301
CHANGES IN CASH AND CASH EQUIVALENT 3,848 (4,500,380)
CASH AND CASH EQUIVALENT, beginning of period 2,007,890 7,377,837
CASH AND CASH EQUIVALENT, end of period 2,011,738 2,877,457
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income tax 0 0
Cash paid for interest 72,304 121,754
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Derivative liability - conversion option 1,413,100 0
Common stock issued for conversions of note payable 110,300 0
Right of use assets derecognized due to termination of operating leases $ 0 $ 434,033