2023 Q2 Form 20-F Financial Statement

#000121390023081796 Filed on October 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 2022
Revenue $7.290M $18.54M $32.28M
YoY Change -39.92% -42.56% 26.46%
Cost Of Revenue $8.580M $22.21M $26.04M
YoY Change -14.24% -14.71% 42.25%
Gross Profit -$1.290M -$3.663M $6.246M
YoY Change -160.6% -158.65% -13.55%
Gross Profit Margin -17.7% -19.75% 19.35%
Selling, General & Admin $8.710M $10.96M $4.448M
YoY Change 386.27% 146.29% 219.53%
% of Gross Profit 71.22%
Research & Development $8.690M $8.695M
YoY Change
% of Gross Profit
Depreciation & Amortization $1.760M $665.4K $310.3K
YoY Change 871.62% 114.42% 27.24%
% of Gross Profit 4.97%
Operating Expenses $17.40M $20.76M $4.829M
YoY Change 871.42% 329.89% 246.88%
Operating Profit -$18.69M -$24.42M $1.416M
YoY Change -5638.93% -1824.19% -75.71%
Interest Expense $10.00K $216.6K $235.3K
YoY Change -124.56% -7.98% -196.66%
% of Operating Profit 16.61%
Other Income/Expense, Net -$130.0K $56.04K $378.0K
YoY Change -142.83% -85.17% 293.93%
Pretax Income -$19.93M -$24.58M $1.559M
YoY Change -3420.39% -1676.73% -72.57%
Income Tax $500.0K $674.6K $871.2K
% Of Pretax Income 55.88%
Net Earnings -$19.62M -$25.26M $687.9K
YoY Change -5848.27% -3771.77% -83.88%
Net Earnings / Revenue -269.14% -136.21% 2.13%
Basic Earnings Per Share -$10.10 $0.04
Diluted Earnings Per Share -$8.16 -$10.10 $0.03
COMMON SHARES
Basic Shares Outstanding 2.405M shares 20.95M shares
Diluted Shares Outstanding 2.405M shares 20.95M shares

Balance Sheet

Concept 2023 Q2 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.750M $2.750M $14.40M
YoY Change -80.9% -80.9% 990.62%
Cash & Equivalents $2.751M $2.750M $14.40M
Short-Term Investments
Other Short-Term Assets $109.8K $8.970M $9.388M
YoY Change -86.62% -4.45% 188.95%
Inventory
Prepaid Expenses
Receivables $19.64M $19.64M $27.06M
Other Receivables $890.0K $890.0K -$14.93K
Total Short-Term Assets $32.25M $32.25M $50.83M
YoY Change -36.55% -36.56% 56.84%
LONG-TERM ASSETS
Property, Plant & Equipment $844.6K $930.0K $533.2K
YoY Change 1076.95% 74.43% 119.28%
Goodwill
YoY Change
Intangibles $119.5K
YoY Change -94.58%
Long-Term Investments $41.37K
YoY Change
Other Assets $5.121M $5.740M $10.80M
YoY Change -48.84% -46.85% 7571.83%
Total Long-Term Assets $6.792M $6.800M $13.54M
YoY Change -49.83% -49.77% 570.38%
TOTAL ASSETS
Total Short-Term Assets $32.25M $32.25M $50.83M
Total Long-Term Assets $6.792M $6.800M $13.54M
Total Assets $39.05M $39.05M $64.37M
YoY Change -39.34% -39.33% 86.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.697M $2.700M $966.8K
YoY Change 178.96% 179.27% -49.14%
Accrued Expenses $160.0K $160.0K $335.3K
YoY Change -52.28% -52.28% 111.16%
Deferred Revenue
YoY Change
Short-Term Debt $3972B $0.00 $0.00
YoY Change
Long-Term Debt Due $1158B $5.130M $3.792M
YoY Change 30547791.27% 35.28% -26.24%
Total Short-Term Liabilities $12.83M $12.83M $10.09M
YoY Change 27.11% 27.14% -24.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $1.254M
YoY Change -100.0% -100.0% -25.01%
Other Long-Term Liabilities $40.00K $40.00K $250.2K
YoY Change -84.01% -84.01% 138.81%
Total Long-Term Liabilities $40.00K $40.00K $1.504M
YoY Change -96.81% -97.34% -15.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.83M $12.83M $10.09M
Total Long-Term Liabilities $40.00K $40.00K $1.504M
Total Liabilities $12.87M $12.31M $11.60M
YoY Change 10.97% 6.08% -23.16%
SHAREHOLDERS EQUITY
Retained Earnings -$13.34M
YoY Change -220.96%
Common Stock $24.05K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $26.74M $26.74M $52.76M
YoY Change
Total Liabilities & Shareholders Equity $39.05M $39.05M $64.37M
YoY Change -39.34% -39.33% 86.96%

Cashflow Statement

Concept 2023 Q2 2023 2022
OPERATING ACTIVITIES
Net Income -$19.62M -$25.26M $687.9K
YoY Change -5848.27% -3771.77% -83.88%
Depreciation, Depletion And Amortization $1.760M $665.4K $310.3K
YoY Change 871.62% 114.42% 27.24%
Cash From Operating Activities -$170.0K -$5.962M -$19.37M
YoY Change -98.78% -69.21% 379.65%
INVESTING ACTIVITIES
Capital Expenditures -$4.650M $623.3K $82.73K
YoY Change 538.46% 653.36%
Acquisitions
YoY Change
Other Investing Activities -$3.360M -$5.500M $0.00
YoY Change
Cash From Investing Activities $1.290M -$6.166M -$802.7K
YoY Change -277.12% 668.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $338.1K $33.63M
YoY Change -98.99%
Debt Paid & Issued, Net $345.1K
YoY Change
Cash From Financing Activities -120.0K $683.3K $33.06M
YoY Change -117.88% -97.93% 736.76%
NET CHANGE
Cash From Operating Activities -170.0K -$5.962M -$19.37M
Cash From Investing Activities 1.290M -$6.166M -$802.7K
Cash From Financing Activities -120.0K $683.3K $33.06M
Net Change In Cash 1.000M -$11.64M $13.08M
YoY Change -107.18% -189.05% -15215.08%
FREE CASH FLOW
Cash From Operating Activities -$170.0K -$5.962M -$19.37M
Capital Expenditures -$4.650M $623.3K $82.73K
Free Cash Flow $4.480M -$6.586M -$19.45M
YoY Change -134.06% -66.14% 381.7%

Facts In Submission

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CY2021 us-gaap Provision For Doubtful Accounts
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CY2022 us-gaap Depreciation And Amortization
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CY2021 us-gaap Depreciation And Amortization
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CY2023 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Prepaid Supplies
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CY2021 us-gaap Increase Decrease In Prepaid Supplies
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2023 us-gaap Increase Decrease In Deferred Revenue
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CY2022 us-gaap Increase Decrease In Deferred Revenue
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CY2021 us-gaap Increase Decrease In Deferred Revenue
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Due To Related Parties
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CY2023 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
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CY2021 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Payments To Acquire Equity Method Investments
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Proceeds From Bank Debt
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CY2022 us-gaap Proceeds From Bank Debt
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CY2021 us-gaap Proceeds From Bank Debt
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CY2023 us-gaap Repayments Of Bank Debt
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CY2022 us-gaap Repayments Of Bank Debt
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CY2021 us-gaap Repayments Of Bank Debt
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CY2022 pcgcl Proceeds From Longterm Bank Loans
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CY2021 pcgcl Proceeds From Longterm Bank Loans
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CY2023 us-gaap Repayments Of Long Term Debt
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CY2023 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2023 us-gaap Repayments Of Other Debt
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CY2022 pcgcl Payment For Deferred Offering Costs
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CY2021 pcgcl Payment For Deferred Offering Costs
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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14396032 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Income Taxes Paid
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CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2021 us-gaap Income Taxes Paid
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CY2023 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2023 us-gaap Stock Issued1
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CY2021Q1 pcgcl Wfoe Net Income Percentage
WFOENetIncomePercentage
1 pure
CY2023 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2020-01-03
CY2023 pcgcl Places Of Incorporation
PlacesOfIncorporation
Cayman  Islands
CY2023 pcgcl Percentage Of Ownerships
PercentageOfOwnerships
100%
CY2023 pcgcl Principal Activities
PrincipalActivities
Parent Holding
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><i>(b) Use of estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires 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 and accompanying notes, including allowance for doubtful accounts, the useful lives of property and equipment and intangible asset, impairment of long-lived assets, deferred cost, and valuation for deferred tax assets. Actual results could differ from those estimates.</p>
CY2023 pcgcl Going Concern And Managements Plan
GoingConcernAndManagementsPlan
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><i>(c) Going Concern and Management’s Plan</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company incurred operating loss of $24.42 million and generated negative operating cash flows of $5.96 million for fiscal year ended June 30, 2023.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18pt; text-align: justify">The Company has developed plans and implemented measures to address the going concern issue. The Company’s management is diligently overseeing its operating costs and capital needs, and is fully dedicated to exploring new customer and business opportunities In fiscal years 2022 and 2023, the Company's management has taken significant steps to control and reduce expenses. These measures include implementing more rigorous approval processes for various expenditures, establishing new performance appraisal standards, terminating underperforming employees, eliminating certain positions, and renegotiating contracts with specific vendors. In addition, the Company has dissolved unprofitable subsidiaries to curtail operating losses and cash depletion. Notably, the Company secured a $200 million financing facility in November 2022. Simultaneously, the company will continue to pursue and secure bank loans to support its ongoing operations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18pt; text-align: justify">However, there is no assurance that the Company will be successful in securing sufficient funds to sustain or grow its operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for the Company to continue as a going concern.</p>
CY2023 us-gaap Other Operating Activities Cash Flow Statement
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5960000 usd
CY2023 pcgcl Obtained Financing Limit
ObtainedFinancingLimit
200000000 usd
CY2022Q2 us-gaap Cash
Cash
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CY2023Q2 us-gaap Cash
Cash
2751309 usd
CY2023 us-gaap Revenue Recognition Allowances
RevenueRecognitionAllowances
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><i>(n) Revenue recognition</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">On July 1, 2017, the Company adopted ASC 606, Revenue from Contracts with Customers, using the modified retrospective approach. The adoption of ASC 606 did not have a material impact on the Company’s consolidated financial statements.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ASC 606 establishes principles for reporting information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the Company’s contracts to provide services to customers. The core principle of ASC 606 is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve that core principle:</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Step 1: Identify the contract with the customer;</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Step 2: Identify the performance obligations in the contract;</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Step 3: Determine the transaction price;</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Step 4: Allocate the transaction price to the performance obligations in the contract; and</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Step 5: Recognize revenue when the company satisfies a performance obligation.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company mainly generates revenue from event hosting, event planning and execution, and brand promotion, and other services.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Event hosting - </i>The Company regularly hosts live concerts and hip-hop events, and operates hip-hop related online programs. The portfolio of hip-hop events includes a stage play, dance competitions, cultural and musical festivals, and promotional parties. The Company started to operate online hip-hop programs since 2020. The portfolio of online hip-hop programs includes street dance tutorial programs, collections of street dance performances videos, and collections of short music videos on trendy shoes and clothes related to hip-hop culture. The Company generates revenue from concerts, hip-hop events, and online hip-hop programs by providing sponsorship packages to advertisers in exchange for sponsorship fees or by selling tickets for those concerts.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Event planning and execution - </i>The Company provides customized event planning and execution services upon requests from its customers, including design, logistics, layout of events, and coordination and supervision of the actual event set-up and implementation, and generates revenue through service fees.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Brand promotion - </i>The Company provides brand promotion services, including online marketing and promotion, trademark and logo design, visual identity system design, brand positioning, brand personality design, and digital solutions for service fees.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Other services</i> - The Company sells digital collections to individual collectors, provides music recording services to a corporate client and Software-as-a-Service (“SaaS”) software services to hip-hop dance training institutions for service fees, and distributes advertisements for corporate customers for service fees.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company accounts for a contract of event hosting, event planning and execution, or brand promotion when it has legally enforceable rights and obligations and collectability of consideration is probable. Each contract typically contains one single performance obligation, which is to deliver a successful event, activity, qualified online program or video, or brand solution, and the contract price is fixed. Contract terms typically include a customary requirement for payment within 180 days after the Company successfully provides services, which is indicated by the customer’s signed acknowledgement of completion on such event, activity, online program, or brand solution by providing the Company with completion confirmation forms.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For event hosting, event planning and execution, and brand promotion, revenue is recognized at a point of time when services are successfully provided (e.g., upon successful carryout of an event), which is indicated by the customer’s acknowledgement of completion on such event, activity, online program or video, or brand solution, as the customer neither simultaneously receives and consumes the benefits provided by the Company’s performance nor controls an increasingly enhanced asset or an asset with an alternative use to the customer as the Company performs. Event hosting, event planning and execution, and brand promotion projects are generally short term, which usually take less than three months.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For digital collections, the PRC operating entities sell digital collections through its own digital collection sales platform. After the customer purchases the digital collection issued on the platform and the digital collection is delivered to the customer, the revenue is recognized.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For music recording service, revenue is recognized at a point of time when services are successfully provided which is indicated by the customer’s acknowledgement of completion on the recording.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For SaaS software services, revenue is recognized after the completion of the service provision. The PRC operating entities reach an annual framework service contract with the customer and charge a one-time service fee. Revenue is recognized on a monthly average basis within the service period.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For distribution of advertisements, the Company satisfies its performance obligation over time by measuring the progress based on time elapsed, as the customer simultaneously receives and consumes the benefit of service provided, during the period of time when the advertisement is displayed. Payment is usually required within 180 days after the completion of distribution.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company reports revenue on a gross basis for event hosting, event planning and execution, brand promotion, and other services (except for advertisement distribution), as the Company takes risk and control of the event, activities, online program, or brand solution before they are transferred to customers. While in terms of advertisement distribution, the Company reports revenue on a net basis since it only arranges the distribution of advertisements, instead of taking the risk and control of the distribution resources.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company applies a practical expedient to make no adjustment for the promised amount of consideration for the effects of a significant financing component as the Company expects, at contract inception, that the period between when the Company transfers a promised service to a customer and when the customer pays for that service will be one year or less.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table identifies the disaggregation of the Company’s revenue for the fiscal years ended June 30, 2023, 2022, and 2021 respectively:</span></p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">For the fiscal years ended June 30,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td>Revenue from operations:</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; width: 64%; text-align: left">Event hosting</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">4,348,303</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">14,711,787</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">14,978,643</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Brand promotion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,650,274</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,733,764</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">750,315</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Event planning and execution</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,132,477</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,420,328</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,196,773</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Other services</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">412,189</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">415,664</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">600,826</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt">Total revenue</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">18,543,243</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">32,281,543</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">25,526,557</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Deferred revenue</i>  </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company presents the consideration that a customer pays before the Company transfers a service to the customer as a contract liability (deferred revenue) when the payment is made. Deferred revenue is the Company’s obligation to transfer services to a customer for which the Company has received consideration from the customer. As of June 30, 2022 and 2023, the balance of deferred revenue amounted to $47,710 and $393,003, respectively, and the movement of deferred revenue was as below. </span></p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-indent: 0pt; padding-left: 0pt">June 30, 2020</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,764,608</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Addition</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,070,036</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Recognized as revenue within the fiscal year ended June 30, 2021</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(8,185,797</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">June 30, 2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,648,847</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">Addition</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,710</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Recognized as revenue within the fiscal year ended June 30, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,648,847</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: 0pt; padding-left: 0pt">June 30, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,710</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: 0pt; padding-left: 0pt">Addition</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">393,003</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: 0pt; padding-left: 0pt">Recognized as revenue within the fiscal year ended June 30, 2023</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(47,710</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-indent: 0pt; padding-left: 0pt">June 30, 2023</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">393,003</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company applies a practical expedient to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less. The Company has no material incremental costs of obtaining contracts with customers that the Company expects the benefit of those costs to be longer than one year which need to be recognized as assets.</span></p>
CY2023 pcgcl Amortized Straight Line Method
AmortizedStraightLineMethod
P10Y
CY2023 us-gaap Impairment Charge On Reclassified Assets
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1100000 usd
CY2023Q2 us-gaap Percentage Of Debt Hedged By Interest Rate Derivatives
PercentageOfDebtHedgedByInterestRateDerivatives
0.06 pure
CY2022Q2 us-gaap Percentage Of Debt Hedged By Interest Rate Derivatives
PercentageOfDebtHedgedByInterestRateDerivatives
0.06 pure
CY2021Q2 us-gaap Percentage Of Debt Hedged By Interest Rate Derivatives
PercentageOfDebtHedgedByInterestRateDerivatives
0.06 pure
CY2023 us-gaap Revenues
Revenues
18543243 usd
CY2022 us-gaap Revenues
Revenues
32281543 usd
CY2021 us-gaap Revenues
Revenues
25526557 usd
CY2022Q2 us-gaap Deferred Revenue
DeferredRevenue
47710 usd
CY2023Q2 us-gaap Deferred Revenue
DeferredRevenue
393003 usd
CY2020Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1764608 usd
CY2021 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
8070036 usd
CY2021 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
8185797 usd
CY2021Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1648847 usd
CY2022 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
47710 usd
CY2022 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
1648847 usd
CY2022Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
47710 usd
CY2023 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
393003 usd
CY2023 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
47710 usd
CY2023Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
393003 usd
CY2023 us-gaap Revenue Recognition Sales Of Services
RevenueRecognitionSalesOfServices
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(o) Cost of revenue</i></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cost of revenue consists primarily of event design costs, online program production costs, salary and benefits expenses, materials costs, and other related expenses.</span></p>
CY2021 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
133387 usd
CY2022 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
380723 usd
CY2023 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4646875 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
51170 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
48716 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
1518981 usd
CY2020Q3 pcgcl Noncontrolling Interests
noncontrollingInterests
0.49 pure
CY2023 pcgcl Equity Interests Percentage
EquityInterestsPercentage
0.49 pure
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
100000 cny
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
14381 usd
CY2023 us-gaap Construction Contractor Contract Duration
ConstructionContractorContractDuration
P10Y
CY2023 us-gaap Temporary Equity Description
TemporaryEquityDescription
The consolidated balance sheet amounts, with the exception of equity, at June 30, 2023 and 2022 were translated at RMB7.2513 to $1.00 and at RMB6.6981 to $1.00, respectively. Equity accounts were stated at their historical rates. The average translation rates applied to consolidated statements of operations and cash flows for the fiscal years ended June 30, 2023, 2022, and 2021 were RMB6.9534 to $1.00, RMB6.4554 to $1.00, and RMB6.6228 to $1.00, respectively.
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(v) Concentration and credit risk</i></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Substantially all of the Company’s operating activities are transacted in RMB, which is not freely convertible into foreign currencies. All foreign exchange transactions take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other regulatory institutions require submitting a payment application form together with suppliers’ invoices, shipping documents, and signed contracts.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The Company maintains certain bank accounts in the PRC, where under the Deposit Insurance System in China, Hong Kong, and Cayman Islands. In China, a company’s deposits at one bank are insured for a maximum of RMB500,000  in the event of bank failure. According to press release of China Securities Times and China News on July 13, 2023, Hong Kong Monetary Authority proposed that the upper limit of deposit protection in Hong Kong be enhanced to HK$800,000 from HK$500,000. In Cayman Islands, deposits are not insured by Federal Deposit Insurance Corporation (“FDIC”) insurance or other insurance. As of June 30, 2022 and 2023, $5,281,823 and $724,437 of the Company’s cash were on deposit at financial institutions in the PRC, respectively, and $9,113,548 and $2,026,858 of the Company’s cash were on deposit at financial institutions in Hong Kong, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounts receivable are typically unsecured and derived from revenue earned from customers, thereby exposed to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring of outstanding balances.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s sales are made to customers that are located primarily in China. The Company has a concentration of its revenue and accounts receivable with specific customers. For the fiscal year ended June 30, 2021, three major customers accounted for approximately 23%, 12%, and 8% of the Company’s total revenue, respectively. For the fiscal year ended June 30, 2022, three major customers accounted for approximately 30%, 13%, and 7% of the Company’s total revenue, respectively. For the fiscal year ended June 30, 2023, three major customers accounted for approximately 10%, 10%, and 9% of the Company’s total revenue, respectively. As of June 30, 2022, the top five customers accounted for 72% of net accounts receivable as of June 30, 2022, with each customer representing 35%, 14%, 9%, 7%, and 7% of the net accounts receivable balance, respectively. As of June 30, 2023, the top five customers accounted for 68% of net accounts receivable as of June 30, 2023, with each customer representing 31%, 19%, 7%, 6%, and 5% of the net accounts receivable balance, respectively.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">For the fiscal year ended June 30, 2023, the Company purchased approximately 16.56%, 12.91%, and 10.61% of its services from three major suppliers, respectively. For the fiscal year ended June 30, 2022, the Company purchased approximately 8.59%, 7.88%, and 5.63% of its services from three major suppliers, respectively. For the fiscal year ended June 30, 2021, the Company purchased approximately 14%, 13%, and 12% of its services from three major suppliers, respectively.</span></p>
CY2023 pcgcl Company Deposits
CompanyDeposits
500000 cny
CY2022Q2 us-gaap Deposits
Deposits
5281823 usd
CY2023Q2 us-gaap Deposits
Deposits
724437 usd
CY2022 us-gaap Payments For Deposits
PaymentsForDeposits
9113548 usd
CY2023 us-gaap Payments For Deposits
PaymentsForDeposits
2026858 usd
CY2022Q2 pcgcl Percentage Of Accounts Receivable
PercentageOfAccountsReceivable
0.72 pure
CY2023Q2 pcgcl Percentage Of Accounts Receivable
PercentageOfAccountsReceivable
0.68 pure
CY2021Q1 pcgcl Noncontrolling Interests
noncontrollingInterests
0.0645 pure
CY2021Q1 pcgcl Wfoe Gained
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1 pure
CY2023Q2 us-gaap Accounts Receivable Gross Current
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CY2022Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
28094299 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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4358037 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1815665 usd
CY2023Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
19642337 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
26278634 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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1815665 usd
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2023 pcgcl Provision For Doubtful Account
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CY2022 pcgcl Provision For Doubtful Account
ProvisionForDoubtfulAccount
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CY2023 pcgcl Accounts Receivable Foreign Exchange
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253290 usd
CY2022 pcgcl Accounts Receivable Foreign Exchange
AccountsReceivableForeignExchange
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CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021 us-gaap Interest Expense Debt
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CY2022 us-gaap Interest Expense Debt
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CY2023 us-gaap Interest Expense Debt
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CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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13791 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2023Q2 us-gaap Deferred Costs And Other Assets
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683 usd
CY2022Q2 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
783798 usd
CY2023Q2 us-gaap Other Receivables
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109100 usd
CY2022Q2 us-gaap Other Receivables
OtherReceivables
36559 usd
CY2023Q2 us-gaap Other Assets Current
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109783 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
820357 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
14930 usd
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
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95992 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
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805427 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
14930 usd
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
27887 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2023 us-gaap Foreign Currency Transaction Gain Before Tax
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1139 usd
CY2022 us-gaap Foreign Currency Transaction Gain Before Tax
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550 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
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13791 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
14930 usd
CY2021Q2 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
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27887 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
12407 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Fair Value Disclosure
FiniteLivedIntangibleAssetsFairValueDisclosure
119519 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1511887 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
103333 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
667273 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
31570 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
844614 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
71763 usd
CY2021 us-gaap Depreciation
Depreciation
28902 usd
CY2022 us-gaap Depreciation
Depreciation
60600 usd
CY2023 us-gaap Depreciation
Depreciation
665431 usd
CY2023 pcgcl Production Copyright
ProductionCopyright
1963676 usd
CY2022 pcgcl Production Copyright
ProductionCopyright
2845857 usd
CY2023 pcgcl Saa S
SaaS
137906 usd
CY2022 pcgcl Saa S
SaaS
149296 usd
CY2023Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2101582 usd
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2995153 usd
CY2023 pcgcl Less Accumulated Amortization
LessAccumulatedAmortization
918405 usd
CY2022 pcgcl Less Accumulated Amortization
LessAccumulatedAmortization
790742 usd
CY2023Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
1063658 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
119519 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2204411 usd
CY2023Q2 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2023 us-gaap Finance Lease Impairment Loss
FinanceLeaseImpairmentLoss
1100000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
215003 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
249743 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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the Company approved the re-designation of 5,763,077 of the Company’s issued ordinary shares held by Joya Enterprises Limited into 5,763,077 Class B ordinary shares and an aggregate of 9,178,234 of the Company’s issued ordinary shares held by Joya Enterprises Limited and certain other shareholders into 9,178,234 Class A ordinary shares. Holders of Class A ordinary shares and Class B ordinary shares have the same rights except for voting and conversion rights. In respect of matters requiring a shareholder vote, each holder of Class A ordinary shares will be entitled to one vote per one Class A ordinary share and each holder of Class B ordinary shares will be entitled to seven votes per one Class B ordinary share. The Class A ordinary shares are not convertible into shares of any other class. The Class B ordinary shares are convertible into Class A ordinary shares at any time after issuance at the option of the holder on a one-to-one basis.
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CY2022 us-gaap Income Tax Holiday Income Tax Benefits Per Share
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2023 dei Amendment Flag
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CY2023 dei Entity Address Postal Zip Code
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CY2023 dei Entity Central Index Key
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0001807389

Files In Submission

Name View Source Status
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