v3.25.0.1

Segment Reporting (Tables)

6 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Information by Segment

The following tables present summary information by segment for the three and six months ended December 31, 2024 and 2023, respectively:

		For the Three Months Ended December 31, 2024
		Freight Logistics Services				Crypto- mining equipment sales				Total
Net revenues		$	474,624			$	-			$	474,624
Cost of revenues		$	464,100			$	-			$	464,100
Gross profit		$	10,524			$	-			$	10,524
Depreciation and amortization		$	18,504			$	-			$	18,504
Total capital expenditures		$	-			$	-			$
Gross margin%			2.2	%			-				2.2	%

		For the Three Months Ended December 31, 2023
		Freight Logistics Services				Crypto- mining equipment sales				Total
Net revenues		$	961,240			$	-			$	961,240
Cost of revenues		$	976,876			$	-			$	976,876
Gross profit		$	(15,636	)		$	-			$	(15,636	)
Depreciation and amortization		$	37,567			$	357			$	37,924
Total capital expenditures		$	589			$	-			$	589
Gross margin%			(1.6	)%			-				(1.6	)%

		For the Six Months Ended December 31, 2024
		Freight Logistics Services				Crypto- mining equipment sales				Total
Net revenues		$	976,026			$	-			$	976,026
Cost of revenues		$	1,237,417			$	-			$	1,237,417
Gross profit		$	(261,391	)		$	-			$	(261,391	)
Depreciation and amortization		$	36,423			$	-			$	36,423
Total capital expenditures		$	-			$	-			$	-
Gross margin%			(26.8	)%			-				(26.8	)%

		For the Six Months Ended December 31, 2023
		Freight Logistics Services				Crypto- mining equipment sales				Total
Net revenues		$	1,857,166			$	-			$	1,857,166
Cost of revenues		$	1,979,825			$	-			$	1,979,825
Gross profit		$	(122,659	)		$	-			$	(122,659	)
Depreciation and amortization		$	75,338			$	713			$	76,051
Total capital expenditures		$	589			$	-			$	589
Gross margin%			(6.6	)%			-				(6.6	)%

Schedule of Total Assets

Total assets as of:

		December 31,				June 30,
		2024				2024
Freight Logistic Services		$	19,119,339			$	18,728,039
Total Assets		$	19,119,339			$	18,728,039

Schedule of Disaggregated Information of Revenues by Geographic Locations

Disaggregated information of revenues by geographic locations are as follows:

		For the Three Months Ended								For the Six Months Ended
		December 31,				December 31,				December 31,				December 31,
		2024				2023				2024				2023
PRC		$	474,624			$	837,763			$	976,026			$	1,538,419
U.S.			-				123,477				-				318,747
Total revenues		$	474,624			$	961,240			$	976,026			$	1,857,166

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
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Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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