XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 76,926 $ (5,044,541)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 76,361 90,941
Amortization of intangible assets 638,251 331,582
Amortization of debt discounts 358,284
Amortization of operating right-of-use assets 18,365 29,280
Allowance for credit losses 90,480 153,985
Inventories impairment 484
Stock-based compensation 210,000
Other income from software developing service (1,000,000)
Change in fair value of derivative liabilities (1,781,758)
Unrealized holding loss on marketable securities 169,183 699,140
Change in operating assets and liabilities    
Accounts receivable (899,155) (64,751)
Contract asset (17,606)
Inventories 16,711 350,051
Other receivables and other assets (4,427,362) 251,296
Other receivable, a related party (316)
Prepayments 76,235 (162,128)
Accounts payable 130,041 138,889
Customer deposits (74,579) (112,220)
Contract liability (3,411) 16,609
Other payables and accrued liabilities (97,366) (139,648)
Operating lease liabilities (18,365) (27,421)
Income tax payables 5 (30,261)
Net cash used in operating activities (5,817,360) (4,160,429)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of equipment (4,547) (15,029)
Purchases of intangible asset (191,642)
Collaboration deposit (4,343,067)
Net cash used in investing activities (4,347,614) (206,671)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock in market offering 2,457,390
Proceeds from Issuance of common stock and warrant under share purchase agreement 6,713,740
Proceeds from Issuance of common stock under subscription agreement 1,177,000
Proceeds from issuance of common stock and prefunded warrants in November 2023 Offering 3,457,306
Proceeds received from exercising prefunded warrants 1,400
Capital contribution 16,348
Proceed from insurance loan 51,211 62,966
Principal payments of insurance loan (38,371) (166,369)
Payments of related party loan (3,696) (3,142)
Repayments of convertible notes (3,367,290)
Net cash provided by (used in) financing activities 10,357,274 1,219
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS (111,286) 78,779
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 81,014 (4,287,102)
CASH AND CASH EQUIVALENTS, beginning of period 200,013 4,593,634
CASH AND CASH EQUIVALENTS, end of period 281,027 306,532
SUPPLEMENTAL CASH FLOWS INFORMATION    
Income taxes paid 183,121 29,957
Interest paid 3,975 51,333
SUPPLEMENTAL NON-CASH FLOWS INFORMATION    
Conversion of convertible note payable, net of unamortized discounts 1,811,070
Issuance of common stock for software development 17,408,579
Acquisition of intangible assets through settlement of other receivables 470,667
Marketable securities received as in exchange of software developing service 1,000,000
Issuance of common stock to related parties for debts cancellation 321,562
Issuance of common stock for acquiring intangible assets 2,563,000
Allocation of fair value of derivative liabilities in connection with the issuance of common stock $ 2,213,161