v3.22.4
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Jun. 30, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 7,007,815 $ 1,845,232
Accounts receivable, net 1,056 0
Inventories 141,467 216,069
Other receivable and other current assets 414,356 8,780
Prepayments 440,944 203,020
Total current assets 8,005,638 2,273,101
OTHER ASSETS    
Property and equipment, net 327,832 337,645
Operating lease right-of-use asset 76,671  
Deferred offering costs   93,536
Total other assets 404,503 431,181
TOTAL ASSETS 8,410,141 2,704,282
CURRENT LIABILITIES    
Related party loan, current portion 3,734 4,505
Convertible notes payable, net of unamortized discounts of $717,260 as of June 30, 2022   10,954,042
Convertible notes payable, related parties   2,437,574
Loans from third parties   1,417,647
Account payable 130,162 25,397
Account payable, related parties 5,119 14,326
Customer deposits 88,462 73,317
Contract liability 165,579 56,757
Other payables and accrued liabilities 290,409 1,161,860
Other payables, related parties 90,270 0
Amount due to related parties 428,857 2,060,088
Operating lease liability 33,429 0
Income tax payables 27,945 16,445
Total current liabilities 1,263,966 18,221,958
NON-CURRENT LIABILITIES    
Operating lease liability, non-current 43,326 0
Related party loan, non-current portion 12,585 13,883
Senior note 0 65,000
Total non-current liabilities 55,911 78,883
TOTAL LIABILITIES 1,319,877 18,300,841
STOCKHOLDERS' EQUITY (DEFICIENCY)    
Common stock, par value $0.00001; 150,000,000 shares authorized, 17,288,116 and 10,545,251 shares issued and outstanding as of September 30, 2022 and June 30, 2022, respectively 173 105
Additional paid-in capital 30,514,931 4,020,552
Accumulated deficit (23,388,088) (19,715,740)
Accumulated other comprehensive income (loss) (36,752) 98,524
TOTAL STOCKHOLDERS' EQUITY (DEFICIENCY) 7,090,264 (15,596,559)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY) $ 8,410,141 $ 2,704,282