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Segment Information | 9 Months Ended
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Mar. 31, 2025
Segment Information [Abstract] |
Segment information | Note 18 – Segment information The Company’s operating segments have been identified based on the way management organizes the business by the nature of services provided to customers and how the Chief Operating Decision Maker (“CODM”) manages the business and allocates resources. The CODM for the Company is its Chief Executive Officer. The Company has two reportable segments: (i) payment processing and e-commerce operation in its ZCITY platform, and (ii) customized software development service. The accounting policies applied to each segment are consistent with those described in the summary of significant accounting policies. The Company evaluates segment performance based on profit or loss from operations before income taxes. Intersegment sales and transfers are accounted for as if the transactions were made with third parties, using current market prices. The Company’s reportable segments represent strategic business units that offer different products and services and are managed separately due to their distinct operational and marketing requirements. The following tables summarize the Company’s segment information for the three months ended March 31, 2025 and 2024 and for the nine months ended March 31, 2025 and 2024.
|  | For the Three Months Ended March 31, 2025 |
|  | ZCITY Platform |  |  | Customized Software development service |  |  | Total |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Revenue from external customers |  | $ | 63,915 |  |  | $ | 602,606 |  |  | $ | 666,521 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenue |  |  | 46,346 |  |  |  | 133,892 |  |  |  | 180,238 |
Segment gross profit |  | $ | 17,569 |  |  | $ | 468,714 |  |  |  | 486,283 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Advertising |  |  | 2,894 |  |  |  | - |  |  |  | 2,894 |
Payment transaction fee |  |  | 2,575 |  |  |  | - |  |  |  | 2,575 |
Other marketing expense |  |  | 2,496 |  |  |  | - |  |  |  | 2,496 |
Salaries |  |  | 80,155 |  |  |  | - |  |  |  | 80,155 |
Depreciation and amortization |  |  | 69,125 |  |  |  | 115,467 |  |  |  | 184,592 |
Office expense |  |  | 1,774 |  |  |  | 2,964 |  |  |  | 4,738 |
Research and development |  |  | 5,343 |  |  |  | - |  |  |  | 5,343 |
Unrealized holding loss on marketable securities |  |  | 501,848 |  |  |  | - |  |  |  | 501,848 |
Interest expense |  |  | 230 |  |  |  | 385 |  |  |  | 615 |
Segment (loss) income |  |  | (648,871 | ) |  |  | 349,898 |  |  |  | (298,973 | )
Reconciliation of profit or loss |  |  |  |  |  |  |  |  |  |  |  |
Less: Unallocated amounts |  |  |  |  |  |  |  |  |  |  |  |
Professional fees |  |  |  |  |  |  |  |  |  |  | 58,174 |
D&O insurance |  |  |  |  |  |  |  |  |  |  | 11,329 |
Stock based compensation |  |  |  |  |  |  |  |  |  |  | 70,000 |
Other corporate expenses |  |  |  |  |  |  |  |  |  |  | 83,317 |
Change in fair value of derivative liabilities |  |  |  |  |  |  |  |  |  |  | (1,781,758 | )
Net income loss before income taxes |  |  |  |  |  |  |  |  |  | $ | 1,259,965 |
|  | For the Three Months Ended March 31, 2024 |
|  | ZCITY Platform |  |  | Customized Software development service |  |  | Total |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Revenue from external customers |  | $ | 1,596,129 |  |  | $ | - |  |  | $ | 1,596,129 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenue |  |  | 1,379,123 |  |  |  | - |  |  |  | 1,379,123 |
Segment gross profit |  |  | 217,006 |  |  |  | - |  |  |  | 217,006 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Advertising |  |  | 231,915 |  |  |  | - |  |  |  | 231,915 |
Payment transaction fee |  |  | 28,047 |  |  |  | - |  |  |  | 28,047 |
Other marketing expense |  |  | 32,291 |  |  |  | - |  |  |  | 32,291 |
Salaries |  |  | 366,815 |  |  |  | - |  |  |  | 366,815 |
Depreciation and amortization |  |  | 236,277 |  |  |  | - |  |  |  | 236,277 |
Office expense |  |  | 44,774 |  |  |  | - |  |  |  | 44,774 |
Research and development |  |  | 181,502 |  |  |  | - |  |  |  | 181,502 |
Unrealized holding loss on marketable securities |  |  | 346,705 |  |  |  | - |  |  |  | 346,705 |
Interest expense |  |  | 2,572 |  |  |  | - |  |  |  | 2,572 |
Segment loss |  | $ | (1,253,892 | ) |  | $ | - |  |  |  | (1,253,892 | )
Reconciliation of profit or loss |  |  |  |  |  |  |  |  |  |  |  |
Less: Unallocated amounts |  |  |  |  |  |  |  |  |  |  |  |
Professional fees |  |  |  |  |  |  |  |  |  |  | 297,625 |
D&O insurance |  |  |  |  |  |  |  |  |  |  | 58,048 |
Other corporate expenses |  |  |  |  |  |  |  |  |  |  | 103,750 |
Net loss before income taxes |  |  |  |  |  |  |  |  |  | $ | (1,713,315 | )
|  | For the Nine Months Ended March 31, 2025 |
|  | ZCITY Platform |  |  | Customized Software development service |  |  | Total |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Revenue from external customers |  | $ | 573,184 |  |  | $ | 602,606 |  |  | $ | 1,175,790 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenue |  |  | 159,492 |  |  |  | 133,892 |  |  |  | 293,384 |
Segment gross profit |  | $ | 413,692 |  |  | $ | 468,714 |  |  |  | 882,406 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Advertising |  |  | 97,597 |  |  |  | - |  |  |  | 97,597 |
Payment transaction fee |  |  | 16,347 |  |  |  | - |  |  |  | 16,347 |
Other marketing expense |  |  | 11,437 |  |  |  | - |  |  |  | 11,437 |
Salaries |  |  | 451,877 |  |  |  | - |  |  |  | 451,877 |
Depreciation and amortization |  |  | 617,510 |  |  |  | 115,467 |  |  |  | 732,977 |
Office expense |  |  | 41,662 |  |  |  | 2,964 |  |  |  | 44,626 |
Research and development |  |  | 85,688 |  |  |  | - |  |  |  | 85,688 |
Unrealized holding loss on marketable securities |  |  | 169,183 |  |  |  | - |  |  |  | 169,183 |
Interest expense |  |  | 2,598 |  |  |  | 385 |  |  |  | 2,983 |
Segment loss |  |  | (1,080,207 | ) |  |  | 349,898 |  |  |  | (730,309 | )
Reconciliation of profit or loss |  |  |  |  |  |  |  |  |  |  |  |
Less: Unallocated amounts |  |  |  |  |  |  |  |  |  |  |  |
Professional fees |  |  |  |  |  |  |  |  |  |  | 547,748 |
D&O insurance |  |  |  |  |  |  |  |  |  |  | 48,368 |
Stock based compensation |  |  |  |  |  |  |  |  |  |  | 210,000 |
Other corporate expenses |  |  |  |  |  |  |  |  |  |  | 147,575 |
Change in fair value of derivative liabilities |  |  |  |  |  |  |  |  |  |  | (1,781,758 | )
Net loss before income taxes |  |  |  |  |  |  |  |  |  | $ | 97,757 |
|  | For the Nine Months Ended March 31, 2024 |
|  | ZCITY Platform |  |  | Customized Software development service |  |  | Total |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Revenue from external customers |  | $ | 21,773,829 |  |  | $ | - |  |  | $ | 21,773,829 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenue |  |  | 21,048,586 |  |  |  | - |  |  |  | 21,048,586 |
Segment gross profit |  | $ | 725,243 |  |  | $ | - |  |  |  | 725,243 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Advertising |  |  | 1,148,729 |  |  |  | - |  |  |  | 1,148,729 |
Payment transaction fee |  |  | 295,582 |  |  |  | - |  |  |  | 295,582 |
Other marketing expense |  |  | 120,585 |  |  |  | - |  |  |  | 120,285 |
Salaries |  |  | 1,056,755 |  |  |  | - |  |  |  | 1,056,755 |
Depreciation and amortization |  |  | 451,803 |  |  |  | - |  |  |  | 451,803 |
Office expense |  |  | 345,897 |  |  |  | - |  |  |  | 345,897 |
Research and development |  |  | 402,130 |  |  |  | - |  |  |  | 402,130 |
Unrealized holding loss on marketable securities |  |  | 699,140 |  |  |  | - |  |  |  | 699,140 |
Interest expense |  |  | 72,014 |  |  |  | - |  |  |  | 72,014 |
Segment loss |  |  | (3,867,092 | ) |  |  | - |  |  |  | (3,867,092 | )
Reconciliation of profit or loss |  |  |  |  |  |  |  |  |  |  |  |
Less: Unallocated amounts |  |  |  |  |  |  |  |  |  |  |  |
Professional fees |  |  |  |  |  |  |  |  |  |  | 985,841 |
D&O insurance |  |  |  |  |  |  |  |  |  |  | 213,673 |
Other corporate expenses |  |  |  |  |  |  |  |  |  |  | 273,930 |
Other (income) from software developing service, net of cost |  |  |  |  |  |  |  |  |  |  | (675,131 | )
Amortization of debt discount |  |  |  |  |  |  |  |  |  |  | 358,284 |
Net loss before income taxes |  |  |  |  |  |  |  |  |  | $ | (5,023,689 | )
Other Significant Items:
|  | For the Three Months Ended March 31, 2025 |
|  | ZCITY Platform |  |  | Customized Software development service |  |  | Total |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Interest expense |  | $ | 230 |  |  | $ | 385 |  |  | $ | 615 |
Depreciation and amortization |  | $ | 69,125 |  |  | $ | 115,467 |  |  | $ | 184,592 |
Capital expenditure |  | $ | 1,801 |  |  | $ | - |  |  | $ | 1,801 |
|  | For the Three Months Ended March 31, 2024 |
|  | ZCITY Platform |  |  | Customized Software development service |  |  | Total |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Interest expense |  | $ | 2,572 |  |  | $ | - |  |  | $ | 2,572 |
Depreciation and amortization |  | $ | 236,277 |  |  | $ | - |  |  | $ | 236,277 |
Capital expenditure |  | $ | 578 |  |  | $ | - |  |  | $ | 578 |
|  | For the Nine Months Ended March 31, 2025 |
|  | ZCITY Platform |  |  | Customized Software development service |  |  |  |  | Total |
|  | (Unaudited) |  |  | (Unaudited) |  |  |  |  | (Unaudited) |
Interest expense |  | $ | 2,598 |  |  | $ | 385 |  |  |  |  | $ | 2,983 |
Depreciation and amortization |  | $ | 617,510 |  |  | $ | 115,467 |  |  |  |  | $ | 732,977 |
Capital expenditure |  | $ | 4,547 |  |  | $ | - |  |  |  |  | $ | 4,547 |
|  | For the Nine Months Ended March 31, 2024 |
|  | ZCITY Platform |  |  | Customized Software development service |  |  | Total |
|  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Interest expense |  | $ | 72,014 |  |  | $ | - |  |  | $ | 72,014 |
Depreciation and amortization |  | $ | 451,803 |  |  | $ | - |  |  | $ | 451,803 |
Capital expenditure |  | $ | 15,029 |  |  | $ | - |  |  | $ | 15,029 |
As of March 31, 2025, the Company’s total assets were comprised of $29,832,48 1 for ZCITY Platform, $585,000 for Customized Software Development. As of June 30, 2024, the Company’s total assets were comprised of $4,278,5 85 for ZCITY Platform.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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