2024 Q2 Form 10-Q Financial Statement
#000121390024051743 Filed on June 11, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
Revenue | $45.29M | $38.44M | |
YoY Change | -5.81% | 27.57% | |
Cost Of Revenue | $43.43M | $35.12M | |
YoY Change | 5.03% | 47.2% | |
Gross Profit | $1.854M | $3.324M | |
YoY Change | -72.45% | -47.05% | |
Gross Profit Margin | 4.09% | 8.65% | |
Selling, General & Admin | $1.779M | $3.269M | |
YoY Change | 132.05% | 9.09% | |
% of Gross Profit | 95.95% | 98.35% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $561.1K | $525.2K | |
YoY Change | 49.49% | -44.14% | |
% of Gross Profit | 30.26% | 15.8% | |
Operating Expenses | $1.871M | $3.269M | |
YoY Change | 126.75% | 7.16% | |
Operating Profit | -$16.27K | $54.71K | |
YoY Change | -100.28% | -98.3% | |
Interest Expense | -$9.870K | -$11.04K | |
YoY Change | -32.07% | -29.46% | |
% of Operating Profit | -20.18% | ||
Other Income/Expense, Net | $417.4K | $903.4K | |
YoY Change | -8.09% | 208.3% | |
Pretax Income | $391.3K | $958.1K | |
YoY Change | -93.83% | -72.66% | |
Income Tax | $131.9K | $275.9K | |
% Of Pretax Income | 33.71% | 28.79% | |
Net Earnings | $259.4K | $682.2K | |
YoY Change | -94.77% | -68.69% | |
Net Earnings / Revenue | 0.57% | 1.77% | |
Basic Earnings Per Share | $0.02 | ||
Diluted Earnings Per Share | $0.01 | $0.02 | |
COMMON SHARES | |||
Basic Shares Outstanding | 41.60M shares | 40.00M shares | |
Diluted Shares Outstanding | 40.00M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $7.889M | $3.985M | |
YoY Change | 20.29% | -26.64% | |
Cash & Equivalents | $7.889M | $6.047M | |
Short-Term Investments | |||
Other Short-Term Assets | $1.625M | $2.019M | |
YoY Change | -56.61% | -34.46% | |
Inventory | |||
Prepaid Expenses | $1.129M | $1.222M | |
Receivables | $25.47M | $25.10M | |
Other Receivables | $1.877M | $4.135M | |
Total Short-Term Assets | $37.98M | $40.47M | |
YoY Change | 25.99% | 83.18% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $11.01M | $10.25M | |
YoY Change | -80.78% | -79.73% | |
Goodwill | |||
YoY Change | |||
Intangibles | $92.71K | $101.5K | |
YoY Change | -27.59% | ||
Long-Term Investments | $309.5K | $348.2K | |
YoY Change | -35.38% | -33.47% | |
Other Assets | $711.6K | ||
YoY Change | 39.15% | ||
Total Long-Term Assets | $129.0M | $130.2M | |
YoY Change | 120.95% | 147.23% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $37.98M | $40.47M | |
Total Long-Term Assets | $129.0M | $130.2M | |
Total Assets | $167.0M | $170.7M | |
YoY Change | 88.62% | 128.3% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $6.004M | $5.041M | |
YoY Change | -19.87% | 3.9% | |
Accrued Expenses | $24.62M | $24.35M | |
YoY Change | 98.97% | 130.23% | |
Deferred Revenue | $276.5K | ||
YoY Change | -34.82% | ||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | $155.6K | $170.5K | |
YoY Change | -21.58% | -16.6% | |
Total Short-Term Liabilities | $32.96M | $36.50M | |
YoY Change | 34.69% | 83.0% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $169.7K | $193.2K | |
YoY Change | -41.65% | -40.57% | |
Other Long-Term Liabilities | $93.13M | $325.6K | |
YoY Change | 146.75% | -99.03% | |
Total Long-Term Liabilities | $93.30M | $325.6K | |
YoY Change | 145.31% | -99.04% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $32.96M | $36.50M | |
Total Long-Term Liabilities | $93.30M | $325.6K | |
Total Liabilities | $127.8M | $137.4M | |
YoY Change | 102.08% | 152.0% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $23.77M | $23.51M | |
YoY Change | 45.57% | ||
Common Stock | $15.47M | $400.00 | |
YoY Change | 3867220.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $39.24M | $33.26M | $32.38M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $167.0M | $170.7M | |
YoY Change | 88.62% | 128.3% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $259.4K | $682.2K | |
YoY Change | -94.77% | -68.69% | |
Depreciation, Depletion And Amortization | $561.1K | $525.2K | |
YoY Change | 49.49% | -44.14% | |
Cash From Operating Activities | -$951.7K | $3.992M | |
YoY Change | -171.86% | -61.9% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $2.128M | $3.081M | |
YoY Change | 8274.18% | 67.36% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$629.1K | -$1.600M | |
YoY Change | 3151.06% | -34.17% | |
Cash From Investing Activities | -$2.757M | -$4.681M | |
YoY Change | 6060.83% | 9.58% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 7.612M | 177.0K | |
YoY Change | -5046.6% | -105.85% | |
NET CHANGE | |||
Cash From Operating Activities | -951.7K | 3.992M | |
Cash From Investing Activities | -2.757M | -4.681M | |
Cash From Financing Activities | 7.612M | 177.0K | |
Net Change In Cash | 3.904M | -511.4K | |
YoY Change | 246.78% | -116.06% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$951.7K | $3.992M | |
Capital Expenditures | $2.128M | $3.081M | |
Free Cash Flow | -$3.080M | $911.6K | |
YoY Change | -337.08% | -89.45% |
Facts In Submission
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---|---|---|---|---|
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Document Type
DocumentType
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10-Q | ||
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true | ||
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Document Period End Date
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|
2024-03-31 | ||
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2024 | ||
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|
false | ||
dei |
Entity File Number
EntityFileNumber
|
001-42099 | ||
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Entity Registrant Name
EntityRegistrantName
|
Armlogi Holding Corp. | ||
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Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | ||
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Entity Tax Identification Number
EntityTaxIdentificationNumber
|
92-0483179 | ||
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20301 East Walnut Drive North | ||
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Walnut | ||
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CA | ||
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91789 | ||
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(888) | ||
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691-2911 | ||
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Common stock, par value $0.00001 per share | ||
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BTOC | ||
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NASDAQ | ||
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|
8960693 | usd | |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
682220 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2179107 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
7181821 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
8960693 | usd | |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.05 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.18 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.22 | ||
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40000000 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40000000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40000000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40000000 | shares | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
25313614 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
7181821 | usd | |
btoc |
Adjustments To Additional Paid In Contribution From Stockholders
AdjustmentsToAdditionalPaidInContributionFromStockholders
|
766156 | usd | |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33261591 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
32378215 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
682220 | usd |
CY2024Q1 | btoc |
Adjustments To Additional Paid In Contribution From Stockholders
AdjustmentsToAdditionalPaidInContributionFromStockholders
|
201156 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33261591 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10569276 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
8960693 | usd | |
btoc |
Adjustments To Additional Paid In Contribution From Stockholders
AdjustmentsToAdditionalPaidInContributionFromStockholders
|
350000 | usd | |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
19879969 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
17700862 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2179107 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
19879969 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
7181821 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
8960693 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-6895 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1444441 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
918112 | usd | |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
26488 | usd | |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
22088 | usd | |
btoc |
Noncash Operating Leases Expense
NoncashOperatingLeasesExpense
|
-3450304 | usd | |
btoc |
Noncash Operating Leases Expense
NoncashOperatingLeasesExpense
|
-266280 | usd | |
us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
-22827 | usd | |
btoc |
Accretion Of Finance Lease Liabilities
AccretionOfFinanceLeaseLiabilities
|
-37779 | usd | |
btoc |
Accretion Of Finance Lease Liabilities
AccretionOfFinanceLeaseLiabilities
|
-45885 | usd | |
us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
735459 | usd | |
us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
480002 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
87923 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
5609 | usd | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
7685423 | usd | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
2553582 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
376820 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
1092348 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
425146 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
318266 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-2212137 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
571336 | usd | |
us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
-187925 | usd | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
1907403 | usd | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
2852182 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
199806 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
326673 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3992195 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
10473446 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3080643 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1789248 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
51464 | usd | |
us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
1600000 | usd | |
us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
2425000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4680643 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4265712 | usd | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
1000 | usd | |
us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-2503233 | usd | |
btoc |
Proceedslend To From Related Parties
ProceedslendToFromRelatedParties
|
511353 | usd | |
btoc |
Proceedslend To From Related Parties
ProceedslendToFromRelatedParties
|
-512314 | usd | |
us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
163253 | usd | |
us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
153561 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
638231 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
205000 | usd | |
us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
466156 | usd | |
us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
350000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
177025 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-3024108 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-511423 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
3183626 | usd | |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6558099 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2248760 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6046676 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5432386 | usd |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-171635 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-643726 | usd | |
btoc |
Rightofuse Assets Acquired In Exchange For Operating Lease Liabilities
RightofuseAssetsAcquiredInExchangeForOperatingLeaseLiabilities
|
81927507 | usd | |
btoc |
Rightofuse Assets Acquired In Exchange For Operating Lease Liabilities
RightofuseAssetsAcquiredInExchangeForOperatingLeaseLiabilities
|
6900346 | usd | |
btoc |
Ipo Expenses Paid By Stockholders
IPOExpensesPaidByStockholders
|
300000 | usd | |
btoc |
Ipo Expenses Paid By Stockholders
IPOExpensesPaidByStockholders
|
350000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><b>1. Organization and principal activities</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Armlogi Holding Corp. and its consolidated subsidiaries (the “Company”) operate as a third-party logistics company, providing multi-model transportation and logistics services primarily in the United States.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Company’s primary transportation services involve arranging shipments, on behalf of its customers, of materials that are generally larger than shipments handled by integrated carriers of primarily small parcels, such as FedEx, Trucking, and UPS, including arranging and monitoring all aspects of material flow activity utilizing advanced information technology systems. The Company also provides other value-added logistics services, including warehousing services, materials management and distribution services, and customs house brokerage services, to complement its core transportation service offering.</p> | ||
CY2023Q2 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
18062952 | usd |
CY2024Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
295515 | usd |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
666531 | usd |
CY2024Q1 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
25104670 | usd |
CY2023Q2 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
17396421 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><b><i>Use of estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The preparation of financial statements and related disclosures in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. There were no critical accounting estimates affecting the unaudited condensed consolidated financial statements for the nine months ended March 31, 2024 and 2023.</p> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><b><i>Certain risks and concentration</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Company’s financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and restricted cash, receivables, loan receivable and other current assets. As of March 31, 2024 and June 30, 2023, substantially all of the Company’s cash and restricted cash were held in financial institutions located in the U.S., which management considers to be of high credit quality.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">During the nine months ended March 31, 2024 and 2023, our five largest customers accounted for approximately 55.0% and 65.1% of our total revenue, respectively. One supplier accounted for approximately 52% and 58% of the total purchases during the nine months ended March 31, 2024 and 2023, respectively, and no other suppliers accounted for more than 10% of the total purchases over the same period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">As of March 31, 2024 and June 30, 2023, the largest three accounts receivable balances from customers accounted for 52% and 41% of the total balance of accounts receivable, respectively.</p> | ||
us-gaap |
Revenues
Revenues
|
121689863 | usd | |
us-gaap |
Revenues
Revenues
|
86961574 | usd | |
us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
|
0.50 | pure | |
CY2024Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
25400185 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
13503962 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
9566675 | usd |
CY2024Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3249890 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1937558 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
10254072 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
7629117 | usd |
us-gaap |
Depreciation
Depreciation
|
1313684 | usd | |
us-gaap |
Depreciation
Depreciation
|
788699 | usd | |
CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
525167 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
289689 | usd |
CY2024Q1 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
185779 | usd |
CY2023Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
185779 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
84241 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
57752 | usd |
CY2024Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
101538 | usd |
CY2023Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
128027 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
26488 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
22088 | usd | |
CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
8829 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
8229 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
420603 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
48562783 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
56834 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
123159485 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
363769 | usd |
CY2023Q1 | us-gaap |
Long Term Debt Maturity Date
LongTermDebtMaturityDate
|
2024-02-15 | |
CY2023Q1 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.032 | pure |
CY2023Q1 | us-gaap |
Long Term Debt Maturity Date
LongTermDebtMaturityDate
|
2024-03-25 | |
CY2023Q1 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.032 | pure |
CY2023Q1 | us-gaap |
Long Term Debt Maturity Date
LongTermDebtMaturityDate
|
2024-04-30 | |
CY2023Q1 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.032 | pure |
CY2023Q3 | us-gaap |
Long Term Debt Maturity Date
LongTermDebtMaturityDate
|
2024-08-31 | |
CY2023Q3 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.032 | pure |
CY2024Q1 | us-gaap |
Long Term Debt Maturity Date
LongTermDebtMaturityDate
|
2025-01-24 | |
CY2024Q1 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.032 | pure |
CY2024Q1 | us-gaap |
Loans Receivable With Fixed Rates Of Interest1
LoansReceivableWithFixedRatesOfInterest1
|
4135179 | usd |
us-gaap |
Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
|
110179 | usd | |
us-gaap |
Lease Income
LeaseIncome
|
2133436 | usd | |
us-gaap |
Lease Income
LeaseIncome
|
198000 | usd | |
CY2024Q1 | us-gaap |
Lease Income
LeaseIncome
|
970898 | usd |
CY2023Q1 | us-gaap |
Lease Income
LeaseIncome
|
69000 | usd |
CY2024Q1 | btoc |
Additional Operating Lease Liabilities
AdditionalOperatingLeaseLiabilities
|
73306806 | usd |
CY2023Q2 | btoc |
Additional Operating Lease Liabilities
AdditionalOperatingLeaseLiabilities
|
49852679 | usd |
btoc |
Rightofuse Assets Acquired In Exchange For Operating Lease Liabilities
RightofuseAssetsAcquiredInExchangeForOperatingLeaseLiabilities
|
81927507 | usd | |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
4418689 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
48331 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
28620864 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
175880 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
138682715 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
196392 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
171722268 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40000000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40000000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40000000 | shares | |
CY2024Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
23890833 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
170531 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
99268652 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
193238 | usd |
CY2024Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
5041296 | usd |
CY2023Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
7492591 | usd |
CY2024Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
1455993 | usd |
CY2023Q2 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
899305 | usd |
CY2024Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
325630 | usd |
CY2023Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
78270 | usd |
CY2024Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
6822919 | usd |
CY2023Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
8470166 | usd |
CY2024Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2024Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
40000000 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
40000000 | shares |
us-gaap |
Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
|
766156 | usd | |
us-gaap |
Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
|
350000 | usd | |
CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q2 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
usd | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.18 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.22 | ||
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40000000 | shares |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
7181821 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
8960693 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40000000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40000000 | shares | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.18 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.22 | ||
btoc |
Working Capital
WorkingCapital
|
1000 | usd | |
us-gaap |
Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
|
500000 | usd | |
CY2024Q1 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.032 | pure |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
2700 | usd | |
CY2024Q2 | btoc |
Offering Price Pecentage
OfferingPricePecentage
|
1.25 | pure |
CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q1 | btoc |
Adjustments To Additional Paid In Contribution From Stockholders
AdjustmentsToAdditionalPaidInContributionFromStockholders
|
usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
usd | ||
us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
usd | ||
us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
usd | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | ||
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
7181821 | usd | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40000000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40000000 | shares | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.18 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.22 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001972529 |