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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Jun. 30, 2023
Jun. 30, 2022
CURRENT ASSETS      
Cash and cash equivalents $ 306,532 $ 4,593,634 $ 1,845,232
Accounts receivable, net 72,740 163,169
Inventories, net 48,242 400,543 216,069
Other receivables and other current assets 360,658 613,125 8,780
Prepayments 406,247 248,551 203,020
Total current assets 1,206,648 6,031,401 2,273,101
OTHER ASSETS      
Property and equipment, net 200,958 279,600 337,645
Intangible assets, net 2,421,520  
Operating lease right-of-use assets 31,609 61,377
Deferred offering costs   93,536
Investment in marketable securities 300,860  
Total other assets 2,954,947 340,977 431,181
TOTAL ASSETS 4,161,595 6,372,378 2,704,282
CURRENT LIABILITIES      
Insurance loan 56,889 160,292
Convertible notes payable, net of unamortized discounts 4,791,716 10,954,042
Loans from third parties   1,417,647
Accounts payable 179,986 42,853 25,397
Accounts payable, related parties   14,326
Customer deposits 48,285 161,475 73,317
Contract liability 171,629 157,080 56,757
Other payables and accrued liabilities 549,888 723,396 1,161,860
Operating lease liabilities 25,261 40,274
Income tax payables 39,931 67,546 16,445
Total current liabilities 1,077,929 6,472,575 18,221,958
NON-CURRENT LIABILITIES      
Operating lease liabilities, non-current 9,113 22,036
Senior note   65,000
Total non-current liabilities 13,197 30,135 78,883
TOTAL LIABILITIES 1,091,126 6,502,710 18,300,841
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS’ EQUITY (DEFICIENCY)      
Common stock, value 913 [1] 180 [1] 105
Additional paid-in capital 39,655,509 31,485,556 4,020,552
Accumulated deficit (36,487,992) (31,443,451) (19,715,740)
Accumulated other comprehensive (loss) income (97,961) (172,617) 98,524
TOTAL STOCKHOLDERS’ EQUITY (DEFICIENCY) 3,070,469 (130,332) (15,596,559)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIENCY) 4,161,595 6,372,378 2,704,282
Related Party      
CURRENT ASSETS      
Other receivable, a related party 12,229 12,379
CURRENT LIABILITIES      
Related party loan, current portion 6,060 5,323 4,505
Convertible notes payable, related parties   2,437,574
Other payables, related parties 1,660
Amount due to related parties 320,960 2,060,088
NON-CURRENT LIABILITIES      
Related party loan, non-current portion $ 4,084 $ 8,099 $ 13,883
[1] Giving retroactive effect to the 1-for-70 reverse stock split effected on February 27, 2024