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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Jun. 30, 2023
Current assets    
Cash and cash equivalents $ 2,616,384 $ 4,593,634
Accounts receivable, net 152,823 163,169
Inventories 382,995 400,543
Other receivables and other current assets 761,631 613,125
Prepayments 254,220 248,551
Total current assets 4,180,356 6,031,401
Other assets    
Property and equipment, net 247,403 279,600
Operating lease right-of-use assets 51,351 61,377
Investment in marketable securities 1,060,172
Total other assets 1,358,926 340,977
Total assets 5,539,282 6,372,378
Current liabilities    
Related party loan, current portion 5,494 5,323
Insurance loan 80,736 160,292
Convertible notes payable, net of unamortized discounts of $119,402 and $358,284 as of September 30, 2023 and June 30, 2023, respectively 3,730,598 4,791,716
Accounts payable 133,847 42,853
Customer deposits 152,814 161,475
Contract liability 1,209,171 157,080
Other payables and accrued liabilities 717,600 723,396
Operating lease liabilities 31,733 40,274
Income tax payables 62,589 67,546
Total current liabilities 6,448,344 6,472,575
Non-current liabilities    
Operating lease liabilities, non-current 20,546 22,036
Related party loan, non-current portion 6,755 8,099
Total non-current liabilities 27,301 30,135
Total liabilities 6,475,645 6,502,710
Commitments and contingencies (Note 16)
Common stock, par value $0.00001; 170,000,000 shares authorized, 20,723,825 and 17,901,353 shares issued and outstanding as of September 30, 2023 and June 30, 2023, respectively 208 180
Additional paid-in capital 32,811,166 31,485,556
Accumulated deficit (33,575,163) (31,443,451)
Accumulated other comprehensive loss (172,574) (172,617)
Total stockholders’ deficiency (936,363) (130,332)
Total liabilities and stockholders’ deficiency 5,539,282 6,372,378
Related Party    
Current assets    
Other receivable, a related party 12,303 12,379
Current liabilities    
Other payables, related parties 3,948 1,660
Amount due to related parties $ 319,815 $ 320,960