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Income Taxes | 3 Months Ended
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Sep. 30, 2025
Income Taxes [Abstract] |
Income taxes | Note 14 – Income taxes The United States and foreign components of income (loss) before income taxes were comprised of the following:
|  | For the three months ended |
|  | September 30, |
|  | 2025 |  |  | 2024 |
Tax jurisdictions from: |  | (Unaudited) |  |  | (Unaudited) |
- Local – United States |  | $ | (717,481 | ) |  | $ | (776,425 | )
- Foreign – Malaysia |  |  | (1,416,423 | ) |  |  | (162,891 | )
Loss before income tax |  | $ | (2,133,904 | ) |  | $ | (939,316 | )
The provision for income taxes consisted of the following:
|  | For the three months ended |
|  | September 30, |
|  | 2025 |  |  | 2024 |
Tax jurisdictions from: |  | (Unaudited) |  |  | (Unaudited) |
- Local – United States |  | $ | - |  |  | $ | 11,391 |
- Foreign – Malaysia |  |  | - |  |  |  | - |
Provision for income taxes |  | $ | - |  |  | $ | 11,391 |
United States of America TGL was incorporated in the State of Delaware and is subject to the tax laws of the United States of America. As of September 30, 2025, the operations in the United States of America incurred $17,274,167 of cumulative net operating losses which can be carried forward indefinitely to offset future taxable income and can be used to offset up to 80% of taxable income for losses arising in tax years beginning after June 30, 2023. The deferred tax valuation allowance as of September 30, 2025 and June 30, 2025 were $3,627,573 and $3,270,173, respectively. TGL also subject to controlled foreign corporations Subpart F income (“Subpart F”) tax, which is a tax primarily on passive income from controlled foreign corporations with a tax rate of 35%. In addition, the Tax Cuts and Jobs Act imposed a global intangible low-taxed income (“GILTI”) tax, which is a tax on certain off-shore earnings at an effective rate of 10.5% for tax years (50% deduction of the current enacted tax rate of 21%) with a partial offset for 80% foreign tax credits. If the foreign tax rate is 13.125% or higher, there will be no U.S. corporate tax after the 80% foreign tax credits are applied. For the three months ended September 30, 2025 and 2024, the Company’s foreign subsidiaries did not generate any income that are subject to Subpart F tax and GILTI tax. Malaysia TADAA Technologies and TADAA Ventures are governed by the income tax laws of Malaysia and the income tax provision in respect of operations in Malaysia is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof. Under the Income Tax Act of Malaysia, enterprises that incorporated in Malaysia are usually subject to a unified 24% enterprise income tax rate while preferential tax rates, tax holidays and even tax exemption may be granted on case-by-case basis. As of September 30, 2025, the operations in the Malaysia incurred $23,936,096 of cumulative net operating losses which can be carried forward for a maximum period of ten consecutive years to offset future taxable income. The deferred tax valuation allowance as of September 30, 2025 and June 30, 2025 were $5,744,663 and $5,404,721, respectively. The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of:
|  | As of September 30, 2025 |  |  | As of June 30, 2025 |
|  | (Unaudited) |  |  |  |
Deferred tax assets: |  |  |  |  |  |
Net operating loss carry forwards in U.S. |  | $ | 3,627,575 |  |  | $ | 3,270,173 |
Net operating loss carry forwards in Malaysia |  |  | 5,744,663 |  |  |  | 5,404,721 |
Allowance for credit losses |  |  | 261,216 |  |  |  | 261,186 |
Long-live assets impairment |  |  | 4,098,634 |  |  |  | 4,098,634 |
Change in fair value of derivative liabilities |  |  | (294,157 | ) |  |  | (381,553 | )
Less: valuation allowance* |  |  | (13,437,931 | ) |  |  | (12,653,161 | )
Deferred tax assets |  | $ | - |  |  | $ | - |
* | Change in valuation allowance was amounted to $784,770 and $207,058 for the three months ended September 30, 2025 and 2024, respectively.
Uncertain tax positions The Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of September 30, 2025 and June 30, 2025, the Company did not have any significant unrecognized uncertain tax positions. The Company did not incur interest and penalties tax for the three months ended September 30, 2025 and 2024.

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