| For the Years Ended June 30, | ||||||||||||||||||||||||
| 2024 | 2023 | 2022 | ||||||||||||||||||||||
| Amount | % | Amount | % | Amount | % | |||||||||||||||||||
| Digital promotion services | $ | 37,821,733 | 74 | $ | 70,963,258 | 77 | $ | 65,198,843 | 77 | |||||||||||||||
| Risk assessment services | 8,108,632 | 16 | 14,902,207 | 16 | 9,061,775 | 11 | ||||||||||||||||||
| Value-added bundled benefits | 4,975,419 | 10 | $ | 6,838,700 | 7 | 10,945,071 | 13 | |||||||||||||||||
| Total | $ | 50,905,784 | 100 | $ | 92,704,165 | 100 | $ | 85,205,689 | 100 | |||||||||||||||
| As of June 30, | ||||||||
| 2024 | 2023 | |||||||
| Amounts due to related parties, current* | ||||||||
| Jian Chen | $ | 457,772 | $ | 405,138 | ||||
| For the year ended June 30, | ||||||||||||
| 2024 | 2023 | 2022 | ||||||||||
| Cash flows from operating activities | ||||||||||||
| Net (loss) income | $ | (748,542) | $ | 205,911 | $ | (49,022) | ||||||
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||||||||||
| Depreciation and amortization | 7,300 | 2,001 | 1,795 | |||||||||
| Amortization of right-of-use assets | 4,350 | - | - | |||||||||
| Credit loss (recovery) | 128,652 | (2,414) | (10,194) | |||||||||
| Deferred income taxes | 154 | - | 1,824 | |||||||||
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts receivable | (130,142) | (2,546) | 801,201 | |||||||||
| Advances to suppliers | 929,056 | 16,645,460 | (20,818,428) | |||||||||
| Prepayments and other assets | (18,844) | 129,495 | (33,195) | |||||||||
| Other non-current assets | (27,679) | - | - | |||||||||
| Accounts payable | 136,431 | 807,113 | (1,660,676) | |||||||||
| Advances from customers | (1,807,899) | (18,353,557) | 21,662,719 | |||||||||
| Taxes payable | 129,032 | 39,608 | 282,285 | |||||||||
| Accruals and other liabilities | 5,432 | 25,130 | 87,305 | |||||||||
| Operating lease liability | (7,424) | |||||||||||
| Amounts due to related parties | 46,969 | 220,640 | 97,460 | |||||||||
| Net cash provided by (used in) operating activities | (1,353,154) | (283,159) | 363,074 | |||||||||
| Cash flows from investing activities | ||||||||||||
| Purchases of property and equipment | (12,766) | (2,646) | (2,934) | |||||||||
| Loans to third parties | (11,657,764) | - | - | |||||||||
| Collection of loans to third parties | 2,200,000 | - | - | |||||||||
| Net cash used in investing activities | (9,470,530) | (2,646) | (2,934) | |||||||||
| Cash flows from financing activities | ||||||||||||
| Proceeds from short-term loans | 981,409 | 144,061 | - | |||||||||
| Repayments on short-term loans | (420,604) | - | - | |||||||||
| Payments of offering costs | - | 12,873 | (476,060) | |||||||||
| Issuances of ordinary shares | 13,783,523 | - | 897,222 | |||||||||
| Net cash provided by financing activities | 14,344,328 | 156,934 | 421,162 | |||||||||
| Effect of foreign exchange rate on cash | 19,997 | (96,126) | (51,560) | |||||||||
| Net increase (decrease) in cash | 3,540,641 | (224,997) | 729,742 | |||||||||
| Cash at the beginning of the year | 1,293,709 | 1,518,706 | 788,964 | |||||||||
| Cash at the end of the year | $ | 4,834,350 | $ | 1,293,709 | $ | 1,518,706 | ||||||
| Supplemental disclosures of cash flows information: | ||||||||||||
| Interest paid | $ | 12,454 | $ | 1,269 | $ | - | ||||||
| Income taxes paid | $ | - | $ | 598 | $ | 26,001 | ||||||
| Non-cash financing activities | ||||||||||||
| ROU assets recognized | $ | 22,388 | $ | - | $ | - | ||||||
| For the year ended June 30, | ||||||||||||
| 2024 | 2023 | 2022 | ||||||||||
| Digital promotion services | $ | 37,844,632 | $ | 72,026,101 | $ | 66,064,403 | ||||||
| Risk-assessment services | 8,660,684 | 15,221,261 | 9,422,404 | |||||||||
| Value-added services | 5,094,790 | 7,071,348 | 11,190,058 | |||||||||
| Total | $ | 51,600,106 | $ | 94,318,710 | $ | 86,676,865 | ||||||
| For the year ended, | ||||||||
| 2024 | 2023 | |||||||
| Beginning balance | $ | — | — | |||||
| Provision | 112,541 | — | ||||||
| Reduction | — | — | ||||||
| Ending balance | $ | 112,541 | $ | — | ||||
