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Disposal of Subsidiary (Tables)
12 Months Ended
Jun. 30, 2024
Disposal of Subsidiary [Abstract]  
Schedule of Carrying Value of the Assets and Liabilities The following table summarizes the carrying value of the assets and liabilities of Zhangxun at June 30, 2023.
Cash  $34 
Accounts receivable   254,988 
Other current assets   50,406 
Fixed assets, net   10,012 
Intangible assets, net   344,629 
      
Total assets   660,069 
      
Accounts payable  $530,260 
Advance from customers   94,126 
Accrued liability and other payables   749,156 
Loan payables   153,045 
Intercompany payables to existing entities   1,475,216 
      
Total liabilities   3,001,803 
      
Non-controlling interest  $(7,079)

 

Schedule of Operations Relating to Discontinued Operations The following table shows the results of operations relating to discontinued operations Zhangxun for the years ended June 30, 2024 and 2023, respectively.
   YEARS ENDED
JUNE 30,
 
   2024   2023 
         
Revenues  $
-
   $3,520,142 
Cost of goods sold   
-
    3,199,171 
           
Gross profit   
-
    320,971 
           
Operating expenses          
Selling   
-
    318,092 
General and administrative   
-
    1,036,976 
Research and development   
-
    351,385 
           
Total operating expenses   
-
    1,706,453 
           
Loss from operations   
-
    (1,385,482)
Gain on disposal of Zhangxun   833,546    
-
 
Other income, net   
-
    11,587 
           
Income (loss) before income tax   833,546    (1,373,895)
           
Income tax   
-
    
-
 
           
Income (loss) before noncontrolling interest from discontinued operations   833,546    (1,373,895)
           
Less: loss attributable to noncontrolling interest from discontinued operations   
-
    (209,501)
           
Net income (loss) to the Company from discontinued operations  $833,546   $(1,164,394)