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Segment Information
 3 Months Ended
Sep. 30, 2025
Segment Information [Abstract]  
Segment information

Note 17 – 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 September 30, 2025 and 2024.

 

   For the Three Months Ended
September 30, 2025		 
   ZCITY
Platform		   Customized
Software
development
service		   Total 
             
Revenue from external customers  $182,527   $
        -
   $182,527 
                
Less:               
Cost of revenue   181,241    
-
    181,241 
Segment gross profit  $1,286   $
-
    1,286 
                
Less:               
Advertising   17,985    
-
    17,985 
Payment transaction fee   2,490    
-
    2,490 
Other marketing expense   397    
-
    397 
Salaries   134,050    
-
    134,050 
Depreciation and amortization   33,374    
-
    33,374 
Office expense   34,628    
-
    34,628 
Research and development   777,973         777,973 
Interest expense   676    
-
    676 
Segment (loss) income   (1,000,287)   
-
    (1,000,287)
                
Reconciliation of profit or loss               
Less: Unallocated amounts               
Professional fees             103,605 
D&O insurance             16,667 
Stock based compensation             100,000 
Other corporate expenses             497,172 
Change in fair value of derivative liabilities             416,173 
Net loss before income taxes            $(2,133,904)
  

For the Three Months Ended

September 30, 2024

 
   ZCITY
Platform		   Customized
Software
development
service		   Total 
             
Revenue from external customers  $207,371   $
        -
   $207,371 
         -      
Less:        -      
Cost of revenue   35,199    
-
    35,199 
Segment gross profit   172,172    
-
    172,172 
                
Less:               
Advertising   65,536    
-
    65,536 
Payment transaction fee   10,255    
-
    10,255 
Other marketing expense   1,955    
-
    1,955 
Salaries   268,006    
-
    268,006 
Depreciation and amortization   333,172    
-
    333,172 
Office expense   10,086    
-
    10,086 
Research and development   47,209    
-
    47,209 
Unrealized holding loss on marketable securities   127,507    
-
    127,507 
Interest expense   1,511    
-
    1,511 
Segment loss  $(693,065)  $
-
    (693,065)
                
Reconciliation of profit or loss               
Less: Unallocated amounts               
Professional fees             157,732 
D&O insurance             18,519 
Stock based compensation             70,000 
Other corporate expenses             
-
 
Net loss before income taxes            $(939,316)

 

Other Significant Items:

 

    For the Three Months Ended
September 30, 2025		  
    ZCITY
Platform		     Customized
Software
development
service		     Total  
                         
Capital expenditure   $ 644,874     $
        -
     $ 644,874  

 

    For the Three Months Ended
September 30, 2024		  
    ZCITY
Platform		     Customized
Software
development
service		     Total  
                         
Capital expenditure   $      -     $         -     $ -  

 

As of September 30, 2025, the Company’s total assets were comprised of $15,233,123 for ZCITY Platform, $1,361,573 for Customized Software Development.

 

As of June 30, 2025, the Company’s total assets were comprised of $13,473,148 for ZCITY Platform, $1,400,000 for Customized Software Development.