v3.22.4
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Jun. 30, 2022
Current assets    
Cash $ 52,460,203 $ 55,833,282
Cryptocurrencies 88,937 90,458
Accounts receivable, net 195,739 108,381
Other receivables, net 21,810 25,057
Advances to suppliers - third parties, net 42,159 36,540
Advances to suppliers - related party 1,978,368 6,153,546
Prepaid expenses and other current assets 464,200 365,913
Loan receivable-related parties, net 449,697 552,285
Total Current Assets 55,701,113 63,165,462
Property and equipment, net 620,626 548,956
Right-of-use assets, net 597,604 732,744
Other long-term assets - deposits 236,982 237,749
Investment in unconsolidated entity 160,214 162,829
Total Assets 57,316,539 64,847,740
Current Liabilities    
Deferred revenue 2,333,694 6,955,577
Refund payable 13,000,000 13,000,000
Accounts payable 609,389 508,523
Accounts payable -related party 63,434 63,434
Lease liabilities - current 492,568 471,976
Taxes payable 3,367,714 3,457,177
Accrued expenses and other current liabilities 493,623 756,272
Total current liabilities 20,360,422 25,212,959
Lease liabilities - noncurrent 718,431 846,871
Convertible notes 5,000,000 5,000,000
Total liabilities 26,078,853 31,059,830
Commitments and Contingencies
Equity    
Preferred stock, 2,000,000 shares authorized, no par value, no shares issued and outstanding as of September 30, 2022 and June 30, 2022, respectively
Common stock, 50,000,000 shares authorized, no par value; 22,244,333 and 22,244,333 shares issued and outstanding as of September 30, 2022 and June 30, 2022, respectively 96,375,024 96,127,691
Additional paid-in capital 2,334,962 2,334,962
Accumulated deficit (65,663,944) (62,579,592)
Accumulated other comprehensive income 199,738 45,739
Total Stockholders’ Equity attributable to controlling shareholders of the Company 33,245,780 35,928,800
Non-controlling Interest (2,008,094) (2,140,890)
Total Equity 31,237,686 33,787,910
Total Liabilities and Equity $ 57,316,539 $ 64,847,740