2024 Q2 Form 20-F Financial Statement
#000149315224046303 Filed on November 15, 2024
Income Statement
Concept | 2024 Q2 | 2024 | 2023 Q3 |
---|---|---|---|
Revenue | $4.467M | ||
YoY Change | -6.93% | ||
Cost Of Revenue | $2.881M | ||
YoY Change | 9.72% | ||
Gross Profit | $1.586M | ||
YoY Change | -27.04% | ||
Gross Profit Margin | 35.5% | ||
Selling, General & Admin | $2.804M | ||
YoY Change | 108.78% | ||
% of Gross Profit | 176.84% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $10.39K | ||
YoY Change | -15.35% | ||
% of Gross Profit | 0.65% | ||
Operating Expenses | $9.584M | ||
YoY Change | 280.37% | ||
Operating Profit | -$7.999M | ||
YoY Change | 2209.62% | ||
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$1.523M | ||
YoY Change | 19.65% | ||
Pretax Income | -$9.521M | ||
YoY Change | 488.05% | ||
Income Tax | -$209.3K | ||
% Of Pretax Income | |||
Net Earnings | -$9.312M | ||
YoY Change | 484.42% | ||
Net Earnings / Revenue | -208.48% | ||
Basic Earnings Per Share | -$0.66 | ||
Diluted Earnings Per Share | -$0.66 | ||
COMMON SHARES | |||
Basic Shares Outstanding | 20.12M shares | 14.02M shares | |
Diluted Shares Outstanding | 14.02M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 | 2023 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $939.0K | ||
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $2.440M | ||
Prepaid Expenses | $1.200M | ||
Receivables | $60.04K | ||
Other Receivables | $2.500M | ||
Total Short-Term Assets | $9.053M | ||
YoY Change | 33.87% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $27.13K | ||
YoY Change | -29.97% | ||
Goodwill | $1.161M | ||
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $2.426M | ||
YoY Change | 6.6% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $9.053M | ||
Total Long-Term Assets | $2.426M | ||
Total Assets | $11.48M | ||
YoY Change | 27.0% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.146M | ||
YoY Change | 0.77% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | |||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.146M | ||
Total Long-Term Liabilities | |||
Total Liabilities | $2.469M | ||
YoY Change | -5.78% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$9.994M | ||
YoY Change | 1366.12% | ||
Common Stock | $2.012K | ||
YoY Change | 147.78% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $9.009M | ||
YoY Change | |||
Total Liabilities & Shareholders Equity | $11.48M | ||
YoY Change | 27.0% |
Cashflow Statement
Concept | 2024 Q2 | 2024 | 2023 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$9.312M | ||
YoY Change | 484.42% | ||
Depreciation, Depletion And Amortization | $10.39K | ||
YoY Change | -15.35% | ||
Cash From Operating Activities | -$12.25M | ||
YoY Change | 3184.22% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$2.500M | ||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $13.61M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $15.47M | ||
YoY Change | -19665.67% | ||
NET CHANGE | |||
Cash From Operating Activities | -$12.25M | ||
Cash From Investing Activities | -$2.500M | ||
Cash From Financing Activities | $15.47M | ||
Net Change In Cash | $702.2K | ||
YoY Change | -246.52% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$12.25M | ||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2024 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2024 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001928581 | |
CY2023Q2 | FTEL |
Capital Receivables Of Convertible Notes
CapitalReceivablesOfConvertibleNotes
|
usd | |
CY2023Q2 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
usd | |
CY2024Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023 | FTEL |
Consulting Fees
ConsultingFees
|
usd | |
CY2023 | FTEL |
Licensing Fees
LicensingFees
|
usd | |
CY2023 | FTEL |
Stock Issued During Period Value Settlement Of Stock Subscription
StockIssuedDuringPeriodValueSettlementOfStockSubscription
|
usd | |
CY2023 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
usd | |
CY2023 | FTEL |
Increase Decrease In Prepaid Offering Costs
IncreaseDecreaseInPrepaidOfferingCosts
|
usd | |
CY2023 | us-gaap |
Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
|
usd | |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | |
CY2023 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
usd | |
CY2023 | FTEL |
Proceeds From Issuance Of Convertible Notes
ProceedsFromIssuanceOfConvertibleNotes
|
usd | |
CY2024 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2024 | us-gaap |
Stock Issued1
StockIssued1
|
usd | |
CY2023 | FTEL |
Capital Receivable Of Convertible Notes
CapitalReceivableOfConvertibleNotes
|
usd | |
CY2023 | FTEL |
Operating Lease Liability And Right Of Use Asset
OperatingLeaseLiabilityAndRightOfUseAsset
|
usd | |
CY2023 | FTEL |
Conversion Of Debt To Equity
ConversionOfDebtToEquity
|
usd | |
CY2023 | FTEL |
Conversion Of Warrants Of Convertible Notes To Equity
ConversionOfWarrantsOfConvertibleNotesToEquity
|
usd | |
CY2023 | FTEL |
Conversion Of Underwriters Warrant To Equity
ConversionOfUnderwritersWarrantToEquity
|
usd | |
CY2024 | FTEL |
Income Tax Reconciliation Nondeductible Expense Stock Issued For Services
IncomeTaxReconciliationNondeductibleExpenseStockIssuedForServices
|
usd | |
CY2024 | FTEL |
Income Tax Reconciliation Nondeductible Expense Government Subsidy Tech Boost
IncomeTaxReconciliationNondeductibleExpenseGovernmentSubsidyTechBoost
|
usd | |
CY2023 | FTEL |
Income Tax Reconciliation Nondeductible Expense Debt Discount
IncomeTaxReconciliationNondeductibleExpenseDebtDiscount
|
usd | |
CY2023 | FTEL |
Income Tax Reconciliation Nondeductible Expense Nontaxable Other Income
IncomeTaxReconciliationNondeductibleExpenseNontaxableOtherIncome
|
usd | |
CY2023 | FTEL |
Income Tax Reconciliation Nondeductible Expense Nontax Deductible Personnel Expenses
IncomeTaxReconciliationNondeductibleExpenseNontaxDeductiblePersonnelExpenses
|
usd | |
CY2023 | FTEL |
Income Tax Reconciliation Nondeductible Expense Nontax Deductible Consulting Fees
IncomeTaxReconciliationNondeductibleExpenseNontaxDeductibleConsultingFees
|
usd | |
CY2023 | FTEL |
Income Tax Reconciliation Nondeductible Expense Nontax Deductible General And Administrative Expenses
IncomeTaxReconciliationNondeductibleExpenseNontaxDeductibleGeneralAndAdministrativeExpenses
|
usd | |
CY2024Q2 | us-gaap |
Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
|
usd | |
CY2023Q2 | FTEL |
Deferred Tax Assets Operating Right Of Use Assets And Lease Liabilities
DeferredTaxAssetsOperatingRightOfUseAssetsAndLeaseLiabilities
|
usd | |
CY2023Q2 | FTEL |
Deferred Tax Assets Accumulated Tax Loss
DeferredTaxAssetsAccumulatedTaxLoss
|
usd | |
CY2024 | dei |
Document Type
DocumentType
|
20-F | |
CY2024 | dei |
Document Registration Statement
DocumentRegistrationStatement
|
false | |
CY2024 | dei |
Document Annual Report
DocumentAnnualReport
|
true | |
CY2024 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-06-30 | |
CY2024 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | |
CY2024 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | |
CY2024 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2024 | dei |
Document Shell Company Report
DocumentShellCompanyReport
|
false | |
CY2024 | dei |
Entity File Number
EntityFileNumber
|
001-41774 | |
CY2024 | dei |
Entity Registrant Name
EntityRegistrantName
|
FITELL CORPORATION | |
CY2024 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
E9 | |
CY2024 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
23-25 Mangrove Lane | |
CY2024 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Taren Point | |
CY2024 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
NSW | |
CY2024 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
2229 | |
CY2024 | dei |
Entity Address Country
EntityAddressCountry
|
AU | |
CY2024 | dei |
Security12b Title
Security12bTitle
|
Ordinary Shares, par value $0.0001 per share | |
CY2024 | dei |
Trading Symbol
TradingSymbol
|
FTEL | |
CY2024 | dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | |
CY2024Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
20123386 | shares |
CY2024 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2024 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2024 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2024 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2024 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2024 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | |
CY2024 | dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | |
CY2024 | dei |
Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
|
false | |
CY2024 | dei |
Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
|
false | |
CY2024 | dei |
Document Accounting Standard
DocumentAccountingStandard
|
U.S. GAAP | |
CY2024 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2024 | dei |
Auditor Name
AuditorName
|
Astra Audit & Advisory LLC | |
CY2024 | dei |
Auditor Firm
AuditorFirmId
|
6920 | |
CY2024 | dei |
Auditor Location
AuditorLocation
|
Tampa, Florida | |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
939014 | usd |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
236821 | usd |
CY2024Q2 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
124963 | usd |
CY2023Q2 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
494275 | usd |
CY2024Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
60042 | usd |
CY2023Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
174341 | usd |
CY2024Q2 | us-gaap |
Inventory Net
InventoryNet
|
2439793 | usd |
CY2023Q2 | us-gaap |
Inventory Net
InventoryNet
|
525786 | usd |
CY2024Q2 | FTEL |
Capital Receivables Of Convertible Notes
CapitalReceivablesOfConvertibleNotes
|
1472000 | usd |
CY2024Q2 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
2500000 | usd |
CY2024Q2 | FTEL |
Deposits And Prepaids
DepositsAndPrepaids
|
316869 | usd |
CY2023Q2 | FTEL |
Deposits And Prepaids
DepositsAndPrepaids
|
13412 | usd |
CY2024Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
1200000 | usd |
CY2023Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
5317866 | usd |
CY2024Q2 | us-gaap |
Assets Current
AssetsCurrent
|
9052681 | usd |
CY2023Q2 | us-gaap |
Assets Current
AssetsCurrent
|
6762501 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
27133 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
38743 | usd |
CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
557798 | usd |
CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
605794 | usd |
CY2024Q2 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
342122 | usd |
CY2023Q2 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
132354 | usd |
CY2024Q2 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
337504 | usd |
CY2023Q2 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
337504 | usd |
CY2024Q2 | us-gaap |
Goodwill
Goodwill
|
1161052 | usd |
CY2023Q2 | us-gaap |
Goodwill
Goodwill
|
1161052 | usd |
CY2024Q2 | us-gaap |
Assets
Assets
|
11478290 | usd |
CY2023Q2 | us-gaap |
Assets
Assets
|
9037948 | usd |
CY2024Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
1210956 | usd |
CY2023Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
1168723 | usd |
CY2024Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
209100 | usd |
CY2023Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
238351 | usd |
CY2024Q2 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
408681 | usd |
CY2023Q2 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
486058 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
278432 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
212062 | usd |
CY2024Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2145977 | usd |
CY2023Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2129580 | usd |
CY2024Q2 | us-gaap |
Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
|
21520 | usd |
CY2023Q2 | us-gaap |
Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
|
18430 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
301921 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
473015 | usd |
CY2024Q2 | us-gaap |
Liabilities
Liabilities
|
2469418 | usd |
CY2023Q2 | us-gaap |
Liabilities
Liabilities
|
2621025 | usd |
CY2024Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2024Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
20123386 | shares |
CY2024Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
20123386 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
8120000 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
8120000 | shares |
CY2024Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
2012 | usd |
CY2023Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
812 | usd |
CY2024Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
19014389 | usd |
CY2023Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
7097822 | usd |
CY2024Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-13737 | usd |
CY2023Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-64 | usd |
CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-9993792 | usd |
CY2023Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-681647 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9008872 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6416923 | usd |
CY2024Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
11478290 | usd |
CY2023Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9037948 | usd |
CY2024 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4466775 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4799222 | usd |
CY2024 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
2881060 | usd |
CY2023 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
2625821 | usd |
CY2024 | us-gaap |
Gross Profit
GrossProfit
|
1585715 | usd |
CY2023 | us-gaap |
Gross Profit
GrossProfit
|
2173401 | usd |
CY2024 | FTEL |
Consulting Fees
ConsultingFees
|
5468126 | usd |
CY2024 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2452954 | usd |
CY2023 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
888141 | usd |
CY2024 | FTEL |
Personnel Expenses
PersonnelExpenses
|
951451 | usd |
CY2023 | FTEL |
Personnel Expenses
PersonnelExpenses
|
965395 | usd |
CY2024 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
351298 | usd |
CY2023 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
454995 | usd |
CY2024 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
284169 | usd |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
198914 | usd |
CY2024 | FTEL |
Licensing Fees
LicensingFees
|
65839 | usd |
CY2024 | us-gaap |
Depreciation
Depreciation
|
10385 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
12268 | usd |
CY2024 | us-gaap |
Operating Expenses
OperatingExpenses
|
9584222 | usd |
CY2023 | us-gaap |
Operating Expenses
OperatingExpenses
|
2519713 | usd |
CY2024 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7998507 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-346312 | usd |
CY2024 | FTEL |
Public Offering Related Expenses
PublicOfferingRelatedExpenses
|
50523 | usd |
CY2023 | FTEL |
Public Offering Related Expenses
PublicOfferingRelatedExpenses
|
662418 | usd |
CY2024 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-354781 | usd |
CY2023 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-529488 | usd |
CY2024 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
121889 | usd |
CY2023 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
9885 | usd |
CY2024 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2574 | usd |
CY2023 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1978 | usd |
CY2024 | us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
1242140 | usd |
CY2023 | us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
92800 | usd |
CY2024 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1522981 | usd |
CY2023 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1272843 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-9521488 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1619155 | usd |
CY2024 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-209343 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-25761 | usd |
CY2024 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9312145 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1593394 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-13673 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-27063 | usd |
CY2024 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-9325818 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1620457 | usd |
CY2024 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.66 | |
CY2024 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.66 | |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.21 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.21 | |
CY2024 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14020251 | shares |
CY2024 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14020251 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7714959 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7714959 | shares |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2437380 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
5600000 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-27063 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1593394 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6416923 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6416923 | usd |
CY2024 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
7497642 | usd |
CY2024 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
3600000 | usd |
CY2024 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
820088 | usd |
CY2024 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
37 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-13673 | usd |
CY2024 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9312145 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9008872 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9008872 | usd |
CY2024 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9312145 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1593394 | usd |
CY2024 | us-gaap |
Depreciation
Depreciation
|
10385 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
12268 | usd |
CY2024 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
284169 | usd |
CY2023 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
198914 | usd |
CY2024 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
579265 | usd |
CY2023 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
426971 | usd |
CY2024 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-354781 | usd |
CY2023 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-529488 | usd |
CY2024 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1108088 | usd |
CY2024 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
37 | usd |
CY2023 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
560000 | usd |
CY2024 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
449210 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
560215 | usd |
CY2024 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1914007 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-393636 | usd |
CY2024 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
303457 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
61177 | usd |
CY2024 | FTEL |
Increase Decrease In Prepaid Offering Costs
IncreaseDecreaseInPrepaidOfferingCosts
|
1999475 | usd |
CY2024 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-340897 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-202437 | usd |
CY2024 | FTEL |
Increase Decrease In Deferred Tax Asset
IncreaseDecreaseInDeferredTaxAsset
|
209768 | usd |
CY2023 | FTEL |
Increase Decrease In Deferred Tax Asset
IncreaseDecreaseInDeferredTaxAsset
|
20759 | usd |
CY2024 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
42233 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
363694 | usd |
CY2024 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-29251 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-263625 | usd |
CY2024 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-77377 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-169615 | usd |
CY2024 | FTEL |
Increase Decrease In Accrued Employee Benefits Noncurrent
IncreaseDecreaseInAccruedEmployeeBenefitsNoncurrent
|
3090 | usd |
CY2023 | FTEL |
Increase Decrease In Accrued Employee Benefits Noncurrent
IncreaseDecreaseInAccruedEmployeeBenefitsNoncurrent
|
13147 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-12253539 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-373104 | usd |
CY2024 | us-gaap |
Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
|
2500000 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2500000 | usd |
CY2024 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
14422 | usd |
CY2023 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-79064 | usd |
CY2024 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
13614983 | usd |
CY2024 | FTEL |
Proceeds From Issuance Of Convertible Notes
ProceedsFromIssuanceOfConvertibleNotes
|
1840000 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
15469405 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-79064 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
13673 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
27063 | usd |
CY2024 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
702193 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-479231 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
236821 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
716052 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
939014 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
236821 | usd |
CY2024 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
247313 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
80375 | usd |
CY2023 | us-gaap |
Stock Issued1
StockIssued1
|
5040000 | usd |
CY2024 | FTEL |
Capital Receivable Of Convertible Notes
CapitalReceivableOfConvertibleNotes
|
1472000 | usd |
CY2024 | FTEL |
Operating Lease Liability And Right Of Use Asset
OperatingLeaseLiabilityAndRightOfUseAsset
|
836697 | usd |
CY2024 | FTEL |
Conversion Of Debt To Equity
ConversionOfDebtToEquity
|
3600000 | usd |
CY2024 | FTEL |
Conversion Of Warrants Of Convertible Notes To Equity
ConversionOfWarrantsOfConvertibleNotesToEquity
|
820088 | usd |
CY2024 | FTEL |
Conversion Of Underwriters Warrant To Equity
ConversionOfUnderwritersWarrantToEquity
|
37 | usd |
CY2024 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_84E_eus-gaap--ConcentrationRiskCreditRisk_zxohUoZmgnie" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Concentration of Credit Risk</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk are cash, accounts receivable and other receivables arising from its normal business activities. The Company places its cash in what it believes to be credit-worthy financial institutions. The Company controls credit risk related to accounts receivable through credit approvals, credit limits and monitoring procedures. The Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for uncollectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_848_eus-gaap--UseOfEstimates_z4fZuz8a4Sr9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Use of Estimates</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with US 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.35pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024 | us-gaap |
Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
|
<p id="xdx_840_eus-gaap--RevenueRecognitionDeferredRevenue_zrq3A5crubDj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.05pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Deferred Revenue</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.05pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.05pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company recognized the deposits received from its customers as deferred revenue if the goods or service is not delivered. It would be recognized as revenue after the goods or service is delivered. During the fiscal years ended June 30, 2024 and 2023, a total of $<span id="xdx_904_eus-gaap--ContractWithCustomerLiabilityRevenueRecognized_c20230701__20240630_zEaFFrY3lIq4" title="Deferred revenue, revenue recognized">238,351</span> and $<span id="xdx_904_eus-gaap--ContractWithCustomerLiabilityRevenueRecognized_c20220701__20230630_zZrOo4GFcNQ8" title="Deferred revenue, revenue recognized">501,976</span>, respectively, of deferred revenue was recognized into merchandise revenue. At June 30, 2024 and 2023, a total of $<span id="xdx_902_eus-gaap--DeferredRevenueCurrent_iI_c20240630_zjB8NmzyPGtf" title="Deferred revenue">209,100</span> and $<span id="xdx_903_eus-gaap--DeferredRevenueCurrent_iI_c20230630_zmmlyyWhXq87" title="Deferred revenue">238,351</span>, respectively, of revenue has been deferred to be recognized in future periods as merchandise revenue.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.05pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
238351 | usd |
CY2023 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
501976 | usd |
CY2024Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
209100 | usd |
CY2023Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
238351 | usd |
CY2023 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
1120000 | shares |
CY2023Q2 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
5.00 | |
CY2024Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
1200000 | usd |
CY2023Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
5317866 | usd |
CY2024 | us-gaap |
Revenue Recognition Loyalty Programs
RevenueRecognitionLoyaltyPrograms
|
<p id="xdx_84A_eus-gaap--RevenueRecognitionLoyaltyPrograms_zqLYer8wBuo7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Customers Loyalty Program</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.05pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For certain sales transactions, the Company offers loyalty points to its customer based on the dollar value of the transaction which gives the customer the option to acquire additional goods or services at a price that is lower than its stand-alone selling price. In accordance with Topic 606, the Company evaluates whether these loyalty points constitute separate performance obligations and the need to allocate the transaction price between revenue and performance obligation. As of June 30, 2024 and 2023, the Company does not believe that any separate performance obligation under the loyalty program is material<span style="background-color: white">.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.05pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
354781 | usd |
CY2023 | us-gaap |
Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
|
529488 | usd |
CY2024 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
351298 | usd |
CY2023 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
454995 | usd |
CY2024Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
585672 | usd |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
426971 | usd |
CY2024 | us-gaap |
Depreciation
Depreciation
|
10385 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
12268 | usd |
CY2024Q2 | FTEL |
Brand Names
BrandNames
|
337504 | usd |
CY2023Q2 | FTEL |
Brand Names
BrandNames
|
337504 | usd |
CY2024Q2 | us-gaap |
Goodwill
Goodwill
|
1161052 | usd |
CY2023Q2 | us-gaap |
Goodwill
Goodwill
|
1161052 | usd |
CY2024 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
0 | usd |
CY2023 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
0 | usd |
CY2024 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2024 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-13673 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-27063 | usd |
CY2024 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
0 | usd |
CY2023 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
0 | usd |
CY2024 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9312145 | usd |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
939014 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-12253539 | usd |
CY2024 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
13614983 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.80 | |
CY2023Q3 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
2500000 | usd |
CY2023Q3 | us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P36M | |
CY2023Q3 | FTEL |
Debt Instrument Increase Accrued Interest Percentage
DebtInstrumentIncreaseAccruedInterestPercentage
|
0.068 | pure |
CY2024Q2 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
2500000 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
51741 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
51741 | usd |
CY2024Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
24608 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
12998 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
27133 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
38743 | usd |
CY2024 | us-gaap |
Depreciation
Depreciation
|
10385 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
12268 | usd |
CY2024 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
25000 | aud |
CY2024 | us-gaap |
Operating Lease Payments Use
OperatingLeasePaymentsUse
|
36667 | aud |
CY2024 | FTEL |
Annual Escalation Rate
AnnualEscalationRate
|
0.03 | pure |
CY2024 | FTEL |
Incremental Borrowing Rate
IncrementalBorrowingRate
|
0.0370 | pure |
CY2024 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
284169 | usd |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
198914 | usd |
CY2024Q2 | FTEL |
Right Of Use Assets For Office Lease
RightOfUseAssetsForOfficeLease
|
836697 | usd |
CY2023Q2 | FTEL |
Right Of Use Assets For Office Lease
RightOfUseAssetsForOfficeLease
|
1541390 | usd |
CY2024Q2 | FTEL |
Adjustment For Amortizations
AdjustmentForAmortizations
|
-278899 | usd |
CY2023Q2 | FTEL |
Adjustment For Amortizations
AdjustmentForAmortizations
|
-935596 | usd |
CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
557798 | usd |
CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
605794 | usd |
CY2024Q2 | FTEL |
Operating Lease Liability For Office Lease
OperatingLeaseLiabilityForOfficeLease
|
580353 | usd |
CY2023Q2 | FTEL |
Operating Lease Liability For Office Lease
OperatingLeaseLiabilityForOfficeLease
|
685077 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
278432 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
212062 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
301921 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
473015 | usd |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
301127 | usd |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
310160 | usd |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
611287 | usd |
CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
30934 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
580353 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-9521488 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1619155 | usd |
CY2024 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.25 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.25 | pure |
CY2024 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
|
-2380372 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
|
-404789 | usd |
CY2023 | FTEL |
Income Tax Reconciliation Nondeductible Expense Stock Issued For Services
IncomeTaxReconciliationNondeductibleExpenseStockIssuedForServices
|
140000 | usd |
CY2024 | FTEL |
Income Tax Reconciliation Nondeductible Expense Ipo Related Expenses
IncomeTaxReconciliationNondeductibleExpenseIpoRelatedExpenses
|
12622 | usd |
CY2023 | FTEL |
Income Tax Reconciliation Nondeductible Expense Ipo Related Expenses
IncomeTaxReconciliationNondeductibleExpenseIpoRelatedExpenses
|
27601 | usd |
CY2024 | FTEL |
Income Tax Reconciliation Nondeductible Expense Provision For Bad Debt
IncomeTaxReconciliationNondeductibleExpenseProvisionForBadDebt
|
144816 | usd |
CY2023 | FTEL |
Income Tax Reconciliation Nondeductible Expense Provision For Bad Debt
IncomeTaxReconciliationNondeductibleExpenseProvisionForBadDebt
|
106742 | usd |
CY2024 | FTEL |
Income Tax Reconciliation Nondeductible Expense Unrealized Loss On Investments
IncomeTaxReconciliationNondeductibleExpenseUnrealizedLossOnInvestments
|
88695 | usd |
CY2023 | FTEL |
Income Tax Reconciliation Nondeductible Expense Unrealized Loss On Investments
IncomeTaxReconciliationNondeductibleExpenseUnrealizedLossOnInvestments
|
131613 | usd |
CY2023 | FTEL |
Income Tax Reconciliation Nondeductible Expense Government Subsidy Tech Boost
IncomeTaxReconciliationNondeductibleExpenseGovernmentSubsidyTechBoost
|
-6721 | usd |
CY2024 | FTEL |
Income Tax Reconciliation Nondeductible Expense Debt Discount
IncomeTaxReconciliationNondeductibleExpenseDebtDiscount
|
277022 | usd |
CY2024 | FTEL |
Income Tax Reconciliation Nondeductible Expense Nontaxable Other Income
IncomeTaxReconciliationNondeductibleExpenseNontaxableOtherIncome
|
-30472 | usd |
CY2024 | FTEL |
Income Tax Reconciliation Nondeductible Expense Nontax Deductible Personnel Expenses
IncomeTaxReconciliationNondeductibleExpenseNontaxDeductiblePersonnelExpenses
|
29544 | usd |
CY2024 | FTEL |
Income Tax Reconciliation Nondeductible Expense Nontax Deductible Consulting Fees
IncomeTaxReconciliationNondeductibleExpenseNontaxDeductibleConsultingFees
|
1367032 | usd |
CY2024 | FTEL |
Income Tax Reconciliation Nondeductible Expense Nontax Deductible General And Administrative Expenses
IncomeTaxReconciliationNondeductibleExpenseNontaxDeductibleGeneralAndAdministrativeExpenses
|
308512 | usd |
CY2024 | us-gaap |
Income Tax Reconciliation Tax Contingencies Other
IncomeTaxReconciliationTaxContingenciesOther
|
-26742 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Tax Contingencies Other
IncomeTaxReconciliationTaxContingenciesOther
|
-20207 | usd |
CY2024 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-209343 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-25761 | usd |
CY2024Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
|
37199 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
|
1877 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
|
22082 | usd |
CY2024Q2 | FTEL |
Deferred Tax Assets Unrealized Currency Gain
DeferredTaxAssetsUnrealizedCurrencyGain
|
-10294 | usd |
CY2023Q2 | FTEL |
Deferred Tax Assets Unrealized Currency Gain
DeferredTaxAssetsUnrealizedCurrencyGain
|
1394 | usd |
CY2024Q2 | FTEL |
Deferred Tax Assets Depreciation
DeferredTaxAssetsDepreciation
|
-6783 | usd |
CY2023Q2 | FTEL |
Deferred Tax Assets Depreciation
DeferredTaxAssetsDepreciation
|
3049 | usd |
CY2024Q2 | FTEL |
Deferred Tax Assets Operating Right Of Use Assets And Lease Liabilities
DeferredTaxAssetsOperatingRightOfUseAssetsAndLeaseLiabilities
|
5639 | usd |
CY2024Q2 | FTEL |
Deferred Tax Assets Accumulated Tax Loss
DeferredTaxAssetsAccumulatedTaxLoss
|
238989 | usd |
CY2024Q2 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
56784 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
106740 | usd |
CY2024Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
342122 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
132354 | usd |