XML 45 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities      
Net income $ 3,876,680 $ 1,291,667 $ 969,752
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation and amortization 294,611 10,567 8,393
Amortization of right-of-use assets 77,144
Provision for doubtful accounts 19,496
Share-based payment 58,602
Change in fair value of warrant liability (6,761,462)
Issuance costs allocated to warrant liability 919,054
Changes in operating assets and liabilities:      
Accounts receivable (253,988) (217,900) (4,279)
Advances to suppliers (548,581) (2,723,828) (2,473,178)
Prepayments, receivables and other assets (777) (175,298) 51,862
Accounts payable (496,835) 623,168 (1,201,034)
Advance from customers (642,103) (328,077) 1,393,774
Accrued expenses and other liabilities (104,501) 60,069 14,406
Amounts due to related parties, current 55,933
Taxes payable 267,330 708,658 330,316
Long-term prepaid expenses (39,566)
Operating lease right-of-use assets (90,377) (7,618)
Operating lease liabilities (77,144) 90,377 29,402
Salary and welfare payable (1,975) 3,398 16,072
Net cash used in operating activities (3,358,082) (747,576) (872,132)
Cash flows from investing activities      
Purchase of property and equipment (55,367) (45,500)
Purchases of intangible assets (2,080,000)
Repayments of third parties 1,000,000
Loans to third parties (2,500,000) (3,073,684)
Net cash used in investing activities (3,580,000) (3,129,051) (45,500)
Cash flows from financing activities      
Proceeds from short-term borrowings 2,033,970 478,404 453,123
Repayment of short-term borrowings (1,248,669) (115,934) (345,604)
(Repayment of ) due to a related party (14,329) 21,038
Capital contribution 10,955,666
Proceeds from IPO (a shareholder) 8,975,416 1,994,258
Proceeds from long-term borrowings 259,311
Deferred listing costs (2,838,500) (579,558)
Net cash provided by financing activities 8,902,467 9,323,557 1,802,568
Effect of foreign exchange rate on cash and restricted cash (1,657) 5,601 24,756
Net increase in cash 1,962,727 5,452,531 909,692
Cash at the beginning of the year 6,655,734 1,203,203 293,511
Cash at the end of the year 8,618,461 6,655,734 1,203,203
Supplemental disclosures of non-cash investing and financing transactions:      
Right-of-use assets obtained in exchange for new operating lease liabilities 79,174 89,544
Liability extinguished upon exercise of warrants 9,748,638
Initial issuance cost of warrants allocated to equity 125,312
Supplemental disclosures of cash flow information:      
Income taxes paid 7,332 27,570
Interest paid $ 43,307 $ 37,265 $ 19,775