Organization and Principal Activities (Tables)
|
12 Months Ended |
Jun. 30, 2022 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of consolidated financial statements |
| |
|
Date of
incorporation |
|
Place of
incorporation |
|
Percentage
of ownership |
|
Principal activities |
| The Company |
|
January 3, 2020 |
|
Cayman
Islands |
|
100% |
|
Parent Holding |
| Wholly owned subsidiaries |
|
|
|
|
|
|
|
|
| Pop HK |
|
January 20, 2020 |
|
Hong Kong |
|
100% |
|
Investment holding |
| WFOE |
|
March 13, 2020 |
|
PRC |
|
100% |
|
WFOE, consultancy and information technology support |
| Pop Culture Global Operations Inc. |
|
December 3, 2021 |
|
California |
|
100% |
|
Overseas hip-hop resource integration and business development |
| Xiamen Pop Investment Co., Ltd. |
|
January 25, 2022 |
|
PRC |
|
60% owned by Heliheng; 40% owned by the VIE |
|
Cross-border funds management |
| Fujian Pupu Shuzhi Sports Industry Development Co., Ltd. (“Shuzhi
Sports”) |
|
July 21, 2022 |
|
PRC |
|
100% |
|
Holding sports performance activities |
| VIE |
|
|
|
|
|
|
|
|
| Pop Culture |
|
March 29, 2007 |
|
PRC |
|
VIE |
|
Event planning, execution, and hosting |
| VIE’s subsidiaries |
|
|
|
|
|
|
|
|
| Pupu Sibo |
|
March 30, 2017 |
|
PRC |
|
100% owned by VIE |
|
Event planning and execution |
| Pop Network |
|
June 6, 2017 |
|
PRC |
|
100% owned by VIE |
|
Marketing |
| Guangzhou Shuzhi |
|
December 19, 2018 |
|
PRC |
|
100% owned by VIE |
|
Event planning and execution |
| Shenzhen Pop |
|
January 17, 2020 |
|
PRC |
|
100% owned by VIE |
|
Event planning and execution |
| Pop Sikai |
|
August 18, 2020 |
|
PRC |
|
51% owned by VIE |
|
Event planning and execution |
| Pupu Digital |
|
June 20, 2022 |
|
PRC |
|
100% owned by the VIE |
|
Cultural technology |
| Hualiu Digital |
|
April 14, 2022 |
|
PRC |
|
100% owned by the VIE |
|
Acting broker and self-branding development |
| Zhongpu Shuyuan (Xiamen) Digital Technology Co., Ltd. |
|
March 30, 2022 |
|
PRC |
|
51% owned by the VIE |
|
Digital collection and Metaverse |
| Xiamen Qiqin Technology Co., Ltd. |
|
April 12, 2022 |
|
PRC |
|
51% owned by the VIE |
|
IPC License |
| Shenzhen Jam Box Technology Co., Ltd. (“Shenzhen Jam box”) |
|
November 18, 2021 |
|
PRC |
|
60% owned by the VIE |
|
Event planning and execution |
| Xiamen Pop Shuzhi Culture
Communication Co., Ltd. |
|
May 16, 2022 |
|
PRC |
|
100% owned by the VIE |
|
Online and offline advertising marketing and exhibitions |
| Fujian Shuzhi Fuxin Exhibition Co., Ltd. |
|
May 18, 2022 |
|
PRC |
|
51% owned by the VIE |
|
Online and offline advertising marketing and exhibitions |
|
| Schedule of financial statement amounts and balances of the VIE and its subsidiaries |
| | |
As of June 30, | |
| | |
2022 | | |
2021 | |
| | |
| | |
| |
| Total assets | |
$ | 30,147,583 | | |
$ | 33,067,159 | |
| Total liabilities | |
$ | 11,110,127 | | |
$ | 14,874,342 | |
|
| Schedule of income and cash flows |
| | |
For the years
ended June 30, | |
| | |
2022 | | |
2021 | | |
2020 | |
| | |
| | |
| | |
| |
| Total revenue | |
$ | 24,761,112 | | |
$ | 24,871,302 | | |
$ | 15,688,080 | |
| Net income | |
$ | 1,882,512 | | |
$ | 4,571,795 | | |
$ | 2,944,550 | |
| | |
| | | |
| | | |
| | |
| Net cash used in operating activities | |
$ | (22,495,295 | ) | |
$ | (3,310,074 | ) | |
$ | (2,255,959 | ) |
| Net cash (used in) provided by investing activities | |
$ | (82,733 | ) | |
$ | - | | |
$ | 3,261 | |
| Net cash provided by financing activities | |
$ | 10,463,813 | | |
$ | 4,378,228 | | |
$ | 1,777,271 | |
|