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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Mar. 31, 2025
Summary of Significant Accounting Policies [Abstract] |
Schedule of Translation of Foreign Currencies | Translation of foreign currencies into US$1 have been made at the following exchange rates for the respective periods:
|  | As of March 31, |
|  | 2025 |  |  | 2024 |
Period-average MYR: US$1 exchange rate |  |  | 4.44 |  |  |  | 4.72 |
|  | For the nine months ended March 31, |
|  | 2025 |  |  | 2024 |
Period-average MYR: US$1 exchange rate |  |  | 4.43 |  |  |  | 4.68 |
Schedule of Estimated Useful Lives of the Assets | Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets with no residual value. The estimated useful lives are as follows:
|  | Expected useful lives
Computer and office equipment |  | 5 years
Furniture and fixtures |  | 3-5 years
Motor vehicles |  | 5 years
Leasehold improvement |  | 3 years
Schedule of Disaggregated Information of Revenues by Products/Services | Disaggregated information of revenues by products/services are as follows:
|  | For the three months ended |  |  | For the nine months ended |
|  | March 31, |  |  | March 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Gift card or “E-voucher” revenue (1) |  | $ | 25,786 |  |  | $ | 1,213,360 |  |  | $ | 62,483 |  |  | $ | 20,083,266 |
Health care products, computer products, and food and beverage products revenue (1) |  |  | - |  |  |  | 226,587 |  |  |  | 296,667 |  |  |  | 952,853 |
Loyalty program revenue (1) |  |  | 2,808 |  |  |  | 15,254 |  |  |  | 19,448 |  |  |  | 123,071 |
Transaction revenue (1) |  |  | 35,321 |  |  |  | 13,666 |  |  |  | 106,879 |  |  |  | 49,741 |
Member subscription revenue (2) |  |  | - |  |  |  | 84,235 |  |  |  | 87,707 |  |  |  | 405,659 |
Sublicense revenue (2) |  |  | - |  |  |  | 43,027 |  |  |  | - |  |  |  | 159,239 |
Total revenues from ZCITY platform |  |  | 63,915 |  |  |  | 1,596,129 |  |  |  | 573,184 |  |  |  | 21,773,829 |
Revenue from Customized software development service (2) |  |  | 602,606 |  |  |  | - |  |  |  | 602,606 |  |  |  | - |
Total revenue |  | $ | 666,521 |  |  | $ | 1,596,129 |  |  | $ | 1,175,790 |  |  | $ | 21,773,829 |
(1) | Revenue recognized at a point in time.
(2) | Revenue recognized over time.
Schedule of Basic and Diluted Net Income (Loss) Per Common Share | The following table summarizes the calculation of basic and diluted net income (loss) per common share:
|  | For the Three Months Ended |
|  | March 31, |
|  | 2025 |  |  | 2024 |
|  | (Unaudited) |  |  | (Unaudited) |
Net income (loss) attributable to common stock |  | $ | 1,259,965 |  |  | $ | (1,713,315 | )
Basic and diluted earnings per share |  |  |  |  |  |  |  |
Basic weighted average shares outstanding* |  |  | 1,156,208 |  |  |  | 14,766 |
Basic and diluted earnings (loss) per share |  |  | 1.09 |  |  |  | (116.03 | )
|  | For the Nine Months Ended |
|  | March 31, |
|  | 2025 |  |  | 2024 |
|  | (Unaudited) |  |  | (Unaudited) |
Net income (loss) attributable to common stock |  | $ | 76,926 |  |  | $ | (5,044,541 | )
Basic and diluted earnings per share |  |  |  |  |  |  |  |
Basic weighted average shares outstanding* |  |  | 542,963 |  |  |  | 6,886 |
Basic and diluted earnings (loss) per share |  |  | 0.14 |  |  |  | (732.60 | )
| * | For the three months ended March 31, 2025 and 2024, 23,298 and 28 contingent shares to be issued to the investor, underwriters and convertible note holders are excluded in the diluted EPS calculation due to its anti-diluted effect, respectively. For the nine months ended March 31, 2025 and 2024, 23,298 and 28 contingent shares to be issued to the investor, underwriters and convertible note holders are excluded in the diluted EPS calculation due to its anti-diluted effect, respectively.
Schedule of Financial Assets that were Measured at Fair Value on a Recurring Basis | The following table presents information about the Company’s financial asset and liabilities that were measured at fair value on a recurring basis as of March 31, 2025 and June 30, 2024:
|  | March 31, 2025 |  |  | Quoted Prices in Active Market (Level 1) |  |  | Significant Other Observable Input (Level 2) |  |  | Significant Other Unobservable Input (Level 3) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Investment in marketable securities |  | $ | 2,450 |  |  | $ | 2,450 |  |  | $ | - |  |  | $ | - |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities |  | $ | 431,403 |  |  | $ | - |  |  | $ | - |  |  | $ | 431,403 |
|  | June 30, 2024 |  |  | Quoted Prices in Active Market (Level 1) |  |  | Significant Other Observable Input (Level 2) |  |  | Significant Other Unobservable Input (Level 3) |
|  |  |  |  |  |  |  |  |  |  | $ |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Investment in marketable securities |  | $ | 171,633 |  |  | $ | 171,633 |  |  | $ | - |  |  | $ | - |
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following is a reconciliation of the beginning and ending balance of the assets and liabilities measured at fair value on a recurring basis for the nine months ended March 31, 2025 and for the year ended June 30, 2024:
|  | Warrant issued under Share Purchase Agreement |
Balance as of June 30, 2023 |  | $ | - |
Change in fair value of derivative liabilities |  |  | - |
Balance as of June 30, 2024 |  |  | - |
Derivative liabilities recognized at grant date |  |  | 2,213,161 |
Change in fair value of derivative liabilities |  |  | (1,781,758 | )
Balance as of March 31, 2025 |  | $ | 431,403 |

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