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Subsequent Events
9 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

20 – SUBSEQUENT EVENTS

 

The Company evaluated all events and transactions that occurred after March 31, 2025 up through May 15, 2025, the date the Company issued these unaudited condensed consolidated financial statements.

 

On April 7, 2025, the Company effected a 1:50 reverse stock split of its shares of common stock. Upon execution of the 1-for-50 reverse stock split, the Company recognized additional 43 shares of common stock due to round up issue.

 

In connection with the employee stock compensation from Employment agreement. Additional 4,763 shares of the Company’s common stock had been issued to the executive officers in settlement of the vested stock compensation subsequent to March 31, 2025 up through May 15, 2025.

 

In connection with the Purchase Agreement with Alumni Capital, Alumni Capital had purchased additional 1,022,000 shares of the Company’s common stock for an aggregate gross proceed of $2,297,305 subsequent to March 31, 2025 up through May 15, 2025.