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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net income $ 1,069,327 $ 684,393
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 2,534 3,384
Allowance for credit losses 62,094 37,366
Deferred tax 65,626 91,275
Changes in assets and liabilities    
Accounts receivable (1,193,399) (144,789)
Deposits, prepayments and other current assets (390,214) 3,182
Accounts payable 589,009 96,755
Tax payable 165,848 54,179
Advance from customers 618 110
Due from related parties 444 490
Due to related party 63,000 0
Accrued expenses and other liabilities (45,437) 41,308
Net cash provided by operating activities 389,450 867,653
Cash flows from financing activities    
Capital contribution from shareholders 0 1,000
Deferred IPO cost (35,928) (663,155)
Loans received from a related party 50,859 42,663
Repayment of loans to a related party (370,541) (176,416)
Net cash used in financing activities (355,610) (795,908)
Effect of exchange rate changes on cash and cash equivalents (14,059) 22,926
Net increase in cash and cash equivalents 19,781 94,671
Cash and cash equivalents at beginning of the period 51,809 19,396
Cash and cash equivalents at end of the period $ 71,590 $ 114,067