v3.22.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Statement of Cash Flows [Abstract]    
Net loss $ (2,950,326) $ (5,217,382)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 247,333 2,927,400
Depreciation and amortization 78,945 140,710
Non-cash lease expense 135,215 118,178
(Recovery) provision for doubtful accounts, net (34,195)
Loss on disposal of fixed assets 52,489
Impairment loss of cryptocurrencies 1,521
Investment loss from unconsolidated subsidiary 2,614
Changes in assets and liabilities    
Accounts receivable 6,278 20,239
Other receivables 235,392 1,663,023
Advances to suppliers - third parties (7,304) 573,818
Advances to suppliers - related party 4,175,178
Prepaid expenses and other current assets (98,287) 112,449
Other long-term assets - deposits 327 (20,061)
Deferred revenue (4,619,813) (399,085)
Accounts payable 102,101 (33,147)
Taxes payable (90,808) 87,413
Lease liabilities (107,853) (109,237)
Accrued expenses and other current liabilities (271,911) (11,572)
Net cash used in operating activities (3,161,398) (128,960)
Investing Activities    
Acquisition of property and equipment (150,966) (617,147)
Loan receivable-related parties 70,265
Investment in unconsolidated entity (210,000)
Advance to related parties (1,475,301)
Net cash used in investing activities (80,701) (2,302,448)
Financing Activities    
Repayment of loan payable (1,776)
Net cash used in financing activities (1,776)
Effect of exchange rate fluctuations on cash (130,980) 544,741
Net decrease in cash (3,373,079) (1,888,443)
Cash at beginning of period 55,833,282 44,837,317
Cash at end of period 52,460,203 42,948,874
Supplemental information    
Interest paid 1,445
Non-cash transactions of operating and investing activities    
Initial recognition of right-of-use assets and lease liabilities $ 1,384,721