v3.22.4
Income taxes (Tables)
3 Months Ended
Sep. 30, 2022
Income Tax Disclosure [Abstract]  
Schedule of United States and Foreign Components of Loss Before Income Taxes
The United States and foreign components of loss before income taxes were comprised of the following:
 
 
 
For the three months ended
 
 
 
September 30, 2022
 
 
 
2022
 
 
2021
 
 
 
(Unaudited)
 
 
(Unaudited)
 
Tax jurisdictions from:
 
 
           
- Local – United States
 
$
(824,465
)
 
$
(823,254
)
- Foreign – Malaysia
 
 
(2,836,383
)
 
 
(1,946,287
)
Loss before income tax
 
$
(3,660,848
)
 
$
(2,769,541
)
Schedule of Provision For Income Taxes
The provision for income taxes consisted of the following:
 
 
 
For the three months ended
 
 
 
September 30, 2022
 
 
 
September 30, 2022
 
 
June 30, 2022
 
 
 
(Unaudited)
 
 
 
 
Tax jurisdictions from:
 
 
           
- Local – United States
 
$
11,500
 
 
$
3,900
 
- Foreign – Malaysia
 
 
-
 
 
 
-
 
Provision for income taxes
 
$
11,500
 
 
$
3,900
 
Schedule of Aggregate Deferred Tax Assets
The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of:
 
 
 
As of
September 30,
2022
 
 
As of
June 30,
2022
 
 
 
 
(Unaudited)
 
 
 
 
 
Deferred tax assets:
 
 
           
Net operating loss carry forwards in U.S.
 
$
497,282
 
 
$
324,144
 
Net operating loss carry forwards in Malaysia
 
 
3,712,278
 
 
 
3,031,546
 
Stock based compensation
 
 
-
 
 
 
179,796
 
Amortization of debt discount
 
 
-
 
 
 
148,081
 
Less: valuation allowance
 
 
(4,209,560
)
 
 
(3,683,567
)
Deferred tax assets
 
$
-
 
 
$
-