Color Star Technology (ADD) 20-F 14 Nov 23 2023 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Jun. 30, 2023 shares
Document Information Line Items
Entity Registrant Name	Color Star Technology Co., Ltd.
Trading Symbol	ADD
Document Type	20-F
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding	16,191,012
Amendment Flag	false
Entity Central Index Key	0001747661
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	333-226308
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	80 Broad Street
Entity Address, Address Line Two	5th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10005
Title of 12(b) Security	Class A Ordinary Shares, par value $0.04
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Document Accounting Standard	U.S. GAAP
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	3487
Auditor Name	Audit Alliance LLP
Auditor Location	Singapore
Entity Address, Country	US
Business Contact
Document Information Line Items
Entity Address, Address Line One	80 Broad Street
Entity Address, Address Line Two	5th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10005
Contact Personnel Name	Louis Luo
City Area Code	(929)
Local Phone Number	317-2699

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Jun. 30, 2023	Jun. 30, 2022
CURRENT ASSETS:
Cash and cash equivalents		$ 239,473	$ 872,313
Accounts receivable, net			2,507,981
Other receivables, net		5,500,332	6,819,050
Prepayments		10,307,226	17,666,664
Total current assets		16,047,031	27,866,008
NON-CURRENT ASSETS
Plant and equipment, net		17,028	30,228
Intangible assets, net		13,966,083	25,566,958
Prepayments - non-current		12,061
Total non-current assets		13,995,172	25,597,186
Total assets		30,042,203	53,463,194
CURRENT LIABILITIES:
Accounts payable		3,270,945	3,770,945
Other payables and accrued liabilities		1,474,823	885,601
Other payables - related parties		580,000	362,884
Total current liabilities		5,325,768	5,019,430
Total liabilities		5,325,768	5,019,430
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Additional paid-in-capital		213,146,190	195,654,317
Deferred stock compensation		(3,857,367)	(32,978)
Accumulated deficit		(185,220,028)	(147,370,363)
Total shareholders’ equity		24,716,435	48,443,764
Total liabilities and shareholders’ equity		30,042,203	53,463,194
Class A Ordinary Shares
SHAREHOLDERS’ EQUITY:
Ordinary shares, value	[1]	599,640	192,788
Class B Ordinary Shares
SHAREHOLDERS’ EQUITY:
Ordinary shares, value	[1]	$ 48,000
[1]Giving retroactive effect to the 40-for-1 reverse share split on September 26, 2022 and the alteration of the authorized issued share capital from ordinary shares into Class A and Class B ordinary shares on March 24, 2023

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares		Jun. 30, 2023		Mar. 24, 2023	Jun. 30, 2022
Class A Ordinary Shares
Ordinary shares, par value (in Dollars per share)		$ 0.04	[1]	$ 0.04	$ 0.04	[1]
Ordinary shares, shares authorized	[1]	700,000,000			700,000,000
Ordinary shares, shares issued		14,991,012	[1]	1,200,000	2,758,920	[1]
Ordinary shares, shares outstanding	[1]	14,991,012			2,758,920
Class B Ordinary Shares
Ordinary shares, par value (in Dollars per share)		$ 0.04	[1]	$ 0.04	$ 0.04	[1]
Ordinary shares, shares authorized		100,000,000	[1]	100,000,000	100,000,000	[1]
Ordinary shares, shares issued	[1]	1,200,000			0
Ordinary shares, shares outstanding	[1]	1,200,000			0
[1]Giving retroactive effect to the 40-for-1 reverse share split on September 26, 2022 and the alteration of the authorized issued share capital from ordinary shares into Class A and Class B ordinary shares on March 24, 2023

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
REVENUE			$ 16,519,081	$ 6,783,957
COST OF REVENUE			8,546,840	4,139,251
GROSS PROFIT			7,972,241	2,644,706
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES		(15,017,532)	(13,861,742)	(5,664,675)
PROVISION FOR EXPECTED CREDIT LOSSES		(9,850,811)
RESEARCH AND DEVELOPMENT EXPENSES		(121,580)	(68,275,869)	(817,794)
STOCK COMPENSATION EXPENSE		(3,493,563)	(4,732,700)	(5,717,900)
IMPAIRMENT LOSS OF LONG-LIVED ASSETS		(9,357,062)		(99,943)
LOSS FROM OPERATIONS		(37,840,548)	(78,898,070)	(9,655,606)
OTHER INCOME (EXPENSE), NET
Other (expense) income, net		(2,844)	1,696,984	31,083
Interest income			1	136
Finance expense		(6,273)	(7,033)	(14,226)
TOTAL OTHER INCOME (EXPENSE), NET		(9,117)	1,689,952	16,993
LOSS BEFORE PROVISION FOR INCOME TAXES		(37,849,665)	(77,208,118)	(9,638,613)
PROVISION FOR INCOME TAXES
LOSS FROM CONTINUING OPERATIONS		(37,849,665)	(77,208,118)	(9,638,613)
DISCONTINUED OPERATIONS:
Net gain on sale of discontinued operations, net of applicable income taxes				1,400,100
NET LOSS		$ (37,849,665)	$ (77,208,118)	$ (8,238,513)
Weighted average number of shares*
Weighted average number of shares basic (in Shares)	[1]	9,167,238	3,880,561	1,702,387
Loss per share - basic and diluted*
Continuing operations (in Dollars per share)	[1]	$ (4.13)	$ (19.9)	$ (5.66)
Discontinued operations (in Dollars per share)	[1]			0.82
Total (in Dollars per share)	[1]	$ (4.13)	$ (19.9)	$ (4.84)
[1]Giving retroactive effect to the 40-for-1 reverse share split on September 26, 2022 and the alteration of the authorized issued share capital from ordinary shares into Class A and Class B ordinary shares on March 24, 2023

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parentheticals) - shares		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Weighted average number of shares diluted	[1]	9,167,238	3,880,561	1,702,387
[1]Giving retroactive effect to the 40-for-1 reverse share split on September 26, 2022 and the alteration of the authorized issued share capital from ordinary shares into Class A and Class B ordinary shares on March 24, 2023

Consolidated Statements of Shar

Consolidated Statements of Shareholders’ Equity - USD ($)		Class A Ordinary shares		Class A	[2]	Class B Ordinary shares		Class B	[2]	Additional paid-in capital	Deferred share compensation	Accumulated deficit	Total
Balance at Jun. 30, 2020		$ 25,624	[1]				[1]			$ 69,689,789	$ (1,201,183)	$ (61,923,732)	$ 6,590,498
Balance (in Shares) at Jun. 30, 2020	[1]	640,599
Sale of ordinary shares		$ 57,250	[1]				[1]			62,283,775			62,341,025
Sale of ordinary shares (in Shares)	[1]	1,431,260
Ordinary shares issued for exercise of warrants		$ 13,657	[1]				[1]			5,157,934			5,171,591
Ordinary shares issued for exercise of warrants (in Shares)	[1]	341,432
Ordinary shares issued for acquisition of equipment		$ 6,061	[1]				[1]			3,811,939			3,818,000
Ordinary shares issued for acquisition of equipment (in Shares)	[1]	151,508
Ordinary shares issued for acquisition of intangible assets		$ 1,815	[1]				[1]			1,548,185			1,550,000
Ordinary shares issued for acquisition of intangible assets (in Shares)	[1]	45,371
Ordinary shares issued for services		$ 700	[1]				[1]			440,300			441,000
Ordinary shares issued for services (in Shares)	[1]	17,500
Ordinary shares issued for compensation		$ 5,130	[1]				[1]			4,091,370			4,096,500
Ordinary shares issued for compensation (in Shares)	[1]	128,250
Unvested restricted ordinary shares issued to officer		$ 120	[1]				[1]			969,880	(970,000)
Unvested restricted ordinary shares issued to officer (in Shares)	[1]	3,000
Forfeiture of unvested restricted ordinary shares			[1]				[1]			(308,400)	308,400
Stock compensation expense			[1]				[1]				1,180,400		1,180,400
Net loss			[1]				[1]					(8,238,513)	(8,238,513)
Balance at Jun. 30, 2021		$ 110,357	[1]				[1]			147,684,772	(682,383)	(70,162,245)	76,950,501
Balance (in Shares) at Jun. 30, 2021	[1]	2,758,920
Sale of ordinary shares		$ 72,625	[1]				[1]			43,864,577			43,937,202
Sale of ordinary shares (in Shares)	[1]	1,815,624
Additional ordinary shares of round up adjustment due to retroactive effect of the 40-for-1 reverse share		$ 1,030	[1]				[1]			(1,030)
Additional ordinary shares of round up adjustment due to retroactive effect of the 40-for-1 reverse share (in Shares)	[1]	25,756
Ordinary shares issued for exercise of warrants		$ 151	[1]				[1]			31,328			31,479
Ordinary shares issued for exercise of warrants (in Shares)	[1]	3,775
Ordinary shares issued for compensation		$ 8,625	[1]				[1]			4,242,670	(86,260)		4,165,035
Ordinary shares issued for compensation (in Shares)	[1]	215,625
Forfeiture of unvested restricted ordinary shares			[1]				[1]			(168,000)	168,000
Stock compensation expense			[1]				[1]				567,665		567,665
Net loss			[1]				[1]					(77,208,118)	(77,208,118)
Balance at Jun. 30, 2022		$ 192,788	[1]				[1]			195,654,317	(32,978)	(147,370,363)	48,443,764
Balance (in Shares) at Jun. 30, 2022		4,819,700	[1]	2,758,920			[1]	0
Sale of ordinary shares		$ 48,000	[1]				[1]			1,452,000			1,500,000
Sale of ordinary shares (in Shares)	[1]	1,200,000
Sale of units		$ 70,000	[1]				[1]			4,948,985			5,018,985
Sale of units (in Shares)	[1]	1,750,000
Conversion of Class A ordinary shares into Class B shares		$ (48,000)	[1]			$ 48,000	[1]
Conversion of Class A ordinary shares into Class B shares (in Shares)	[1]	(1,200,000)				1,200,000
Ordinary shares issued for exercise of warrants		$ 16,852	[1]				[1]			492,936			509,788
Ordinary shares issued for exercise of warrants (in Shares)	[1]	421,312
Ordinary shares issued for acquisition of intangible assets		$ 96,000	[1]				[1]			3,504,000			3,600,000
Ordinary shares issued for acquisition of intangible assets (in Shares)	[1]	2,400,000
Ordinary shares issued for services		$ 132,000	[1]				[1]			4,245,000	(3,800,125)		576,875
Ordinary shares issued for services (in Shares)	[1]	3,300,000
Ordinary shares issued for compensation		$ 92,000	[1]				[1]			2,861,410	(123,290)		$ 2,830,120
Ordinary shares issued for compensation (in Shares)	[1]	2,300,000
Unvested restricted ordinary shares issued to officer (in Shares)													421,312
Forfeiture of unvested restricted ordinary shares			[1]				[1]			(12,458)	12,458
Stock compensation expense			[1]				[1]				86,568		86,568
Net loss			[1]				[1]					(37,849,665)	(37,849,665)
Balance at Jun. 30, 2023		$ 599,640	[1]			$ 48,000	[1]			$ 213,146,190	$ (3,857,367)	$ (185,220,028)	$ 24,716,435
Balance (in Shares) at Jun. 30, 2023		14,991,012	[1]	14,991,012		1,200,000	[1]	1,200,000
[1]Giving retroactive effect to the 40-for-1 reverse share split on September 26, 2022 and the alteration of the authorized issued share capital from ordinary shares into Class A and Class B ordinary shares on March 24, 2023[2]Giving retroactive effect to the 40-for-1 reverse share split on September 26, 2022 and the alteration of the authorized issued share capital from ordinary shares into Class A and Class B ordinary shares on March 24, 2023

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (37,849,665)	$ (77,208,118)	$ (8,238,513)
Net income (loss) from discontinued operations			1,400,100
Net loss from continuing operations	(37,849,665)	(77,208,118)	(9,638,613)
Adjustments to reconcile net loss to net cash used in operating activities:
Provision for expected credit losses	9,850,811
Depreciation	13,200	1,445,573	1,536,178
Amortization	5,843,813	4,450,895	2,180,917
Research and development expenses		52,000,000
Stock compensation expense	3,493,563	4,732,700	5,717,900
Impairment loss of long-lived assets	9,357,062		99,943
Gain on disposal of equipment		(94,984)
Gain on debt settlement			(25,092)
Changes in operating assets and liabilities
Accounts receivable	157,170	683,730	(3,191,711)
Other receivables	1,318,718	8,900	(6,600)
Prepayments	(152,623)	(15,964,364)	(3,247,827)
Accounts payable	(500,000)	3,770,945
Other payables and accrued liabilities	589,222	368,466	174,104
Deferred revenue		(3,596,821)	3,596,821
Net cash used in operating activities	(7,878,729)	(29,403,078)	(2,803,980)
CASH FLOWS FROM INVESTING ACTIVITIES:
Prepayments for intangible assets			(52,000,000)
Purchase of equipment		(39,602)	(2,020,000)
Purchase of intangible assets		(15,180,000)	(12,903,243)
Proceeds from sales of equipment		999,950
Net cash used in investing activities from continuing operations		(14,219,652)	(66,923,243)
Net cash provided by investing activities from discontinued operations			1,400,100
Net cash used in investing activities		(14,219,652)	(65,523,143)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from related parties	217,116	352,173
Proceeds from sale of units, net of offering costs	5,018,985
Proceeds from sale of ordinary shares, net of offering costs	1,500,000	43,937,202	62,341,025
Proceeds from exercise of warrants	509,788	31,479	5,171,591
Net cash provided by financing activities	7,245,889	44,320,854	67,512,616
NET CHANGE IN CASH AND CASH EQUIVALENTS	(632,840)	698,124	(814,507)
CASH AND CASH EQUIVALENTS, beginning of year	872,313	174,189	988,696
CASH AND CASH EQUIVALENTS, end of year	239,473	872,313	174,189
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest expense
Cash paid for income tax
NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES:
Ordinary shares issued for acquisition of equipment			3,818,000
Ordinary shares issued for acquisition of intangible assets	3,600,000		1,550,000
Transfer of prepayments to intangible assets		2,565,527
Unpaid receivable from disposal of equipment		$ 6,819,050

Organization and Description of

Organization and Description of Business	12 Months Ended
	Jun. 30, 2023
Organization and Description of Business [Abstract]
Organization and description of business	Note 1 – Organization and description of business Color Star Technology Co., Ltd. (the “Company” or “Color Star”) is an entertainment and education company which provides online entertainment performances and online music education services via its wholly-owned subsidiary, Color Star DMCC (“DMCC”). The Company was founded as an unincorporated business on September 1, 2005, under the name TJS Wood Flooring, Inc., and became a C-corporation in the State of Delaware on February 15, 2007. On April 29, 2008, TJS Wood Flooring, Inc. changed its name to China Advanced Construction Materials Group, Inc. (“CADC Delaware”). On August 1, 2013, CADC Delaware consummated a reincorporation merger with its newly formed wholly-owned subsidiary, China Advanced Construction Materials Group, Inc. (“CADC Nevada”), a Nevada corporation, with CADC Delaware merging into CADC Nevada and CADC Nevada being the surviving company, for the purpose of changing CADC Delaware’s state of incorporation from Delaware to Nevada. On December 27, 2018, CADC Nevada was merged with and into China Advanced Construction Materials Group, Inc. (“CADC Cayman”), a Cayman Islands corporation, whereupon the separate existence of CADC Nevada ceased and CADC Cayman continued as the surviving entity. As a result of the reincorporation, the Company is governed by the laws of the Cayman Islands. On November 22, 2021, Color China changed its name from “Color China Entertainment Limited” to “Color Sky Entertainment Limited.” CACM Group NY, Inc. On August 20, 2018, CACM Group NY, Inc. (“CACM”) was incorporated in the State of New York and is 100% owned by the Company. Prior to September 2023, the Company is using CACM as its headquarters and as a holding company in the United States of America. Starting in September 2023, CACM has begun to provide construction management consulting services. Baytao LLC (“Baytao”) On March 10, 2020, CACM entered into a joint venture agreement (the “JV Agreement”) with Baydolphin, Inc. (“Baydolphin”), a company organized under the laws of New York. Pursuant to the JV Agreement, ● CACM and Baydolphin established a limited liability company under the laws of New York, Baytao, which will be the 100% owner of one or more operating entities in the U.S. to engage in the business of online and offline after-school education. ● The business of Baytao shall be managed by the Board of Managers of Baytao. ● CACM shall appoint three designees to the Board of Managers of Baytao and Baydolphin shall appoint two designees. The General Manager of Baytao shall be appointed by CACM and report to the Board of Managers. ● CACM shall contribute necessary capital for the operating entities to fund their operations and obtain the right to use the software platform and other technologies from Color Star, which will be provided to the JV and its operating entities for no charge to facilitate their operations and provide online classes to their registered students, and Baydolphin shall be responsible for managing these entities with its expertise in after-school education, including but not limited to recruiting and training personnel and implementing all promotional and marketing activities. ● Eighty percent (80%) of the net profits or net loss of the joint venture will be distributed to or assigned to CACM and the remaining twenty percent (20%) to Baydolphin. On June 29, 2021, CACM (the “Seller”) entered into a share purchase agreement (the “Agreement”) with Baydolphin (the “Buyer”). Pursuant to the Agreement, the Seller agreed to sell, and the Buyer agreed to purchase 80% of the outstanding equity interest of Baytao for a consideration of $100. Prior to the sale, Baytao had no operation or asset. Upon completion of the sale, Baytao ceased to be a subsidiary of the Company. Color Sky The ongoing COVID-19 pandemic has claimed hundreds of thousands of lives and caused massive global health and economic crisis, while also causing large-scale social and behavioral changes in societies. Online entertainment and online education are experiencing enormous growth which the Company believes will last long after the pandemic. In order to expand the Company’s global reach and to enter into an online business, on May 7, 2020, the Company entered into a Share Exchange Agreement (“Exchange Agreement”) with Color Sky Entertainment Limited (“Color Sky”), a Hong Kong limited company, and shareholders of Color Sky (the “Sellers”), pursuant to which, among other things and subject to the terms and conditions contained therein, the Company acquired all of the outstanding issued shares in Color Sky from the sellers (the “Acquisition”). Pursuant to the Exchange Agreement, in exchange for all of the outstanding shares of Color Sky, the Company agreed to issue 115,834 ordinary shares of the Company and paid an aggregate of $2,000,000 to the Sellers. On June 3, 2020, the Acquisition was consummated and the Company issued 115,834 ordinary shares of the Company to the Sellers and closed on the same date. Since Color Sky had no business operations other than holding a significant collection of music performance specific equipment, the transaction has been treated as an acquisition of assets, as it did not meet the definition of a business. The Company plans to make Color Sky an emerging online performance and online music education provider with a significant collection of performance specific assets -- leveraging professional experience of the Company’s new Chief Executive Officer (“CEO”) who has established good relationships with major record companies, renowned artists and entertainment agencies around the world. Color Sky is in the process of building an online entertainment and music education platform featuring artists and professional producers as its lead instructors. Color Sky officially launched its online cultural entertainment platform, Color World, globally on September 10, 2020. The Color World platform (or online education academy App) has not only celebrity lectures, but also celebrity concert videos, celebrity peripheral products, such as celebrity branded merchandise, and artist interactive communication. On January 11, 2023, the Company, Color Sky, and Tian Jie (the “Purchaser”), entered into a certain share purchase agreement (the “Disposition SPA”). Pursuant to the Disposition SPA, the Purchaser agreed to purchase Color Sky in exchange for no consideration. Upon the closing of the transaction (the “Disposition”) contemplated by the Disposition SPA, the Purchaser will become the sole shareholder of Color Sky and as a result, assume all assets and liabilities of Color Sky. The Disposition closed on February 3, 2023 after the satisfaction of all closing conditions. The Disposition resulted in the recognition of a loss of $2,844 that is recorded in the accompanying consolidated statements of operations and comprehensive income (loss) in the caption of “other (expense) income, net” during the year ended June 30, 2023. The purpose of the Disposition was to transfer its Color Sky’s existing business from Hong Kong to United Arab Emirates under Color Star DMCC (“DMCC”). As DMCC has significant continuing involvement in its online cultural entertainment platform and the music industry business, this restructuring did not constitute a strategic shift that will have a major effect on the Company’s operations and financial results. Therefore, the results of operations for Color Sky were not reported as discontinued operations under the guidance of Accounting Standards Codification 205. Modern Pleasure International Limited On June 18, 2021, Modern Pleasure International Limited (“Modern Pleasure”), a limited liability company, was incorporated in Hong Kong and is wholly established and owned by the Company. On December 16, 2022, Modern Pleasure was dissolved. Color Metaverse Pte. Ltd. On February 21, 2022, Color Metaverse Pte. Ltd. (“Color Metaverse”), a private company limited by shares, was incorporated in Singapore and is wholly established and owned by the Company. As of the date of this report, Color Metaverse has not commenced operations. Color Star Technology Ohio Inc. On August 11, 2022, Color Star Technology Ohio Inc. (“Color Star Ohio”) was incorporated in the State of Ohio and is 100% owned by the Company. As of the date of this report, Color Star Ohio has not commenced operations. Color Star DMCC On January 23, 2023, DMCC was incorporated in the United Arab Emirates with share capital of AED 50,000 divided into 50 Shares of AED 1,000 nominal value and is 100% owned by the Company. DMCC was established to carry out the music industry business in Color Sky after the Disposition. Model Queen Limited On August 9, 2023, Model Queen Limited (“Model Queen”) was incorporated in Hong Kong Special Administrative Region and is 100% owned by the Company. As of the date of this report, Model Queen has not commenced operations. Hainan Yuhai Entertainment Co. Ltd. On September 14, 2023, Hainan Yuhai Entertainment Co. Ltd. (“Color Star Hainan”) was incorporated in the Hainan Province of the People’s Republic of China (PRC) with registered capital of RMB 5.0 million and is 100% owned by Model Queen. Color Star Hainan was established to carry out the entertainment industry business in PRC. As of the date of this report, Color Star Hainan has not commenced operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2023
Summary of Significant Accounting Policies [Abstract]
Summary of significant accounting policies	Note 2 – Summary of significant accounting policies Going concern uncertainty The Company had an accumulated deficit of approximately $185.2 million as June 30, 2023 and had a net loss of approximately $37.8 million for the year ended June 30, 2023. In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” the Company has incurred recurring operating losses and negative cash flows from operating activities and has an accumulated deficit, management has determined that these conditions raise substantial doubt about the Company’s ability to continue as a going concern. If the Company is unable to generate sufficient cash flow within the normal operating cycle of a twelve month period to pay for its future payment obligations, the Company may be required to curtail or cease its operations. Management is trying to alleviate the going concern risk through obtaining additional equity financings to support its working capital. However, there is no assurance that management will be successful in their future plans. The consolidated financial statements does not include any adjustments that might result from the outcome of this uncertainty. Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). These consolidated financial statements include the accounts of all the directly and indirectly owned subsidiaries listed below. All intercompany transactions and balances have been eliminated in consolidation. Principles of consolidation The consolidated financial statements reflect the activities of the following subsidiaries. All material intercompany transactions and balances have been eliminated. Subsidiaries Place incorporated Ownership CACM New York, USA 100 % Color Sky (1) Hong Kong 100 % Modern Pleasure (2) Hong Kong 100 % Color Metaverse Singapore 100 % Color Star Ohio Ohio, USA 100 % DMCC United Arab Emirates 100 % (1) Disposed on February 3, 2023 (2) Dissolved on December 16, 2022 Use of estimates and assumptions The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. The significant estimates and assumptions made in the preparation of the Company’s consolidated financial statements include the allowance for credit losses of accounts receivable and other receivables, allowance for doubtful accounts on prepayments and advances and deferred income taxes, stock-based compensation, and fair value and useful lives of property, plant and equipment and intangibles assets. Actual results could be materially different from those estimates. Revenue recognition The Company follows the Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2014-09 Revenue from Contracts with Customers (ASC 606) to recognize its revenue for all period presented. The core principle underlying this ASU is that the Company recognizes its revenue to represent the transfer of goods and services to customers in an amount that reflects the consideration to which the Company expects to be entitled in such exchange. This requires the Company to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of goods and services transfers to a customer. The Company’s revenue streams to be recognized at a point in time comprise principally of music performance performed or education services provided. The Company’s revenue streams to be recognized over a period of time comprise of its platform subscribed membership fees which is recognized over the subscription period. The ASU requires the use of a five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation. The application of the five-step model to the revenue streams compared to the prior guidance did not result in significant changes in the way the Company records its revenue. Upon adoption, the Company evaluated its revenue recognition policy for all revenue streams within the scope of the ASU under previous standards and using the five-step model under the new guidance and confirmed that there were no material differences in the pattern of revenue recognition. The Company accounts for a contract with a customer when the contract is committed in writing, the rights of the parties, including payment terms, are identified, the contract has commercial substance and consideration to collect is substantially probable. The Company offered the following services: (a) Online education academy For the years ended June 30, 2022 and 2021, the Company earns its online education academy revenues from its customers for subscription for services to be delivered over a period of time, the receipt is initially recorded as “deferred revenue” on the consolidated balance sheets and revenue is recognized ratably over the membership period as services are rendered, usually one year. Membership services revenue also includes fees earned from subscribing members for on-demand content purchases and early access to premium content. The Company is principal in its relationships where its partners, including artist agents, mobile operators, internet service providers and online payment agencies, provide access to the membership services or payment processing services as the Company retains control over its service delivery to its subscribing members. Typically, payments made to its partners, are recorded as cost of revenues and as research and development expenses prior to any revenues being generated in this revenue stream. In July 2021, the Company no longer required its subscribers to pay for the annual subscription fee. Revenues in connection with the on-demand contents are recognized at a point in time when the subscription fee was paid to stream the on-demand contents. (b) Online concert For the year ended June 30, 2021, the Company holds online concerts with its star partners. Sale of online concert via subscription fee is accounted for as a single performance obligation which is satisfied at a point in time on the day of the event. Online concert subscription fees are recognized net of App payment collections agent service fee. All ticket sales are final upon payment. As a practical expedient, the Company elects to record the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that the entity otherwise would have recognized is one year or less. Disaggregated information of revenues by services are as follows: For the Years Ended June 30, 2023 2022 2021 Online music education academy subscription $ - $ 16,519,081 $ 4,453,957 Online concert subscription - - 2,330,000 Total revenue $ - $ 16,519,081 $ 6,783,957 Financial instruments US GAAP specifies a hierarchy of valuation techniques for determining the fair value of financial instruments and related fair value measurements based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs). The valuation hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. In accordance with FASB ASC 820, the following summarizes the fair value hierarchy: The three levels of inputs are defined as follows: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument; Level 3 inputs to the valuation methodology are unobservable. Financial instruments included in current assets and current liabilities are reported in the consolidated balance sheets at face value or cost, which approximate fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest. Cash and cash equivalents The Company considers all highly liquid investments with the original maturity of three months or less at the date of purchase to be cash equivalents. Accounts receivable, net Accounts receivable include receivables from Color World platform subscription fees due from App payment collections agent, net of an allowance for credit losses. Accounts receivable are recorded at subscription fees amount received from the Company’s customers and do not bear interest. Allowance for credit losses for accounts receivables is established based on various factors including historical payments and current economic trends. The Company reviews its allowance for accounts receivable by assessing individual accounts receivable over a specific aging and amount. All other balances are pooled based on historical collection experience. The estimate of expected credit losses is based on information about past events, current economic conditions, and forecasts of future economic conditions that affect collectability. Accounts receivable are written-off on a case by case basis after exhaustive efforts at collection are made, net of any amounts that may be collected. Other receivables Other receivables primarily include security deposit and receivables resulted from sale of equipment, net of an allowance for credit losses. Allowance for credit losses for other receivables is established based on various factors including historical payments and current economic trends. The Company reviews its allowance for other receivables by assessing individual other receivables over a specific aging and amount. All other balances are pooled based on historical collection experience. The estimate of expected credit losses is based on information about past events, current economic conditions, and forecasts of future economic conditions that affect collectability. Other receivables are written-off on a case by case basis after exhaustive efforts at collection are made, net of any amounts that may be collected. Prepayments, current Prepayments, current include funds deposited or advanced to outside vendors for future performance obligations, program license fees and service fees. As a standard practice in the music performance industry, many of the Company’s vendors require a certain amount to be deposited with them as a guarantee that the Company will complete its purchases on a timely basis. The Company has legally binding contracts with its vendors, the prepayments will be used to offset performance fees, program license fees, purchase price or service fees, and the amounts are refundable and bear no interest if outside vendors breach the contracts. Prepayments, non-current Prepayments, non-current represent cash deposited or advanced for software development expenditure. Property, plant and equipment Property, plant and equipment are stated at cost or at fair value of the identifiable assets acquired on the acquisition date less accumulated depreciation and impairment loss. Expenditures for maintenance and repairs are charged to operations as incurred while additions, renewals and improvements are capitalized. Depreciation is provided over the estimated useful life of each class of depreciable assets and is computed using the straight-line method with 0%-5% residual value. The estimated useful lives of assets are as follows: Useful life Office equipment 5 years Intangible assets, net Intangible assets are stated at cost, less accumulated amortization. Amortization expense is recognized on the straight-line basis over the estimated useful lives of the assets. The Company has obtained copyrights to use the online education academy courses for 3 years to unlimited years. The Company amortizes the copyrights with limited useful life over their useful life using the straight-line method and amortizes the copyrights with unlimited useful life over 5 years, which the copyrights are expected to contribute to the revenue of the Company’s online education academy App. Accounting for long-lived assets The Company classifies its long-lived assets into: (i) office equipment and (ii) intangible assets. Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be fully recoverable. It is possible that these assets could become impaired as a result of technological or other industry changes. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. If the value of an asset is determined to be impaired, the impairment to be recognized is measured in the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or the fair value, less disposition costs. There were no impairment charges for the year ended June 30, 2022. Impairment charges amounted to $9,357,062 and $99,943 for the years ended June 30, 2023 and 2021, respectively. Competitive pricing pressures and changes in interest rates could materially and adversely affect the Company’s estimates of future net cash flows to be generated by the long-lived assets, and thus could result in future impairment losses. Accounts payable Accounts payable represents royal fees payable to the Company’s vendor which was incurred from the revenues generated of its on-demand contents in the Color World Platform. Leases The Company accounts for leases in accordance with ASC 842 “Leases”. Operating lease right-of-use (“ROU”) assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Since the implicit rate for the Company’s leases is not readily determinable, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow, on a collateralized basis, an amount equal to the lease payments, in a similar economic environment and over a similar term. Lease terms used to calculate the present value of lease payments generally do not include any options to extend, renew, or terminate the lease, as the Company does not have reasonable certainty at lease inception that these options will be exercised. The Company generally considers the economic life of its operating lease ROU assets to be comparable to the useful life of similar owned assets. The Company has elected the short-term lease exception, therefore operating lease ROU assets and liabilities do not include leases with a lease term of twelve months or less. Its leases generally do not provide a residual guarantee. The operating lease ROU asset also excludes lease incentives. Lease expense is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet as operating lease ROU assets and lease liabilities. The Company reviews the impairment of its ROU assets consistent with the approach applied for its other long-lived assets. The Company reviews the recoverability of its long-lived assets when events or changes in circumstances occur that indicate that the carrying value of the asset may not be recoverable. The assessment of possible impairment is based on its ability to recover the carrying value of the asset from the expected undiscounted future pre-tax cash flows of the related operations. The Company has elected to include the carrying amount of operating lease liabilities in any tested asset group and include the associated operating lease payments in the undiscounted future pre-tax cash flows. As of June 30, 2023 and 2022, the Company does not have any lease with an initial term of more than 12 months. Research and development Research and development expenses include website or app development expenditure costs, salaries and other compensation-related expenses to the Company’s research and product development personnel and related expenses for the Company’s research and product development team. The Company expenses all costs that are incurred in connection with the planning and implementation phases of development, and costs that are associated with maintenance of the existing website or app for internal use. Stock-based compensation The Company records stock-based compensation expense for employees at fair value on the grant date and recognizes the expense over the employee’s requisite service period. The Company’s expected volatility assumption is based on the historical volatility of the Company’s stock. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination rate. The risk-free interest rate for the expected term of an option is based on the U.S. Treasury yield curve in effect at the time of grant. The expected dividend yield is based on the Company’s current and expected dividend policy. The Company records stock-based compensation expense for non-employees at fair value on the grant date and recognizes the expense over the service provider’s requisite service period. Income taxes The Company accounts for income taxes in accordance with FASB ASC 740, “Income Taxes,” which requires the Company to use the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred income taxes are recognized for the tax consequences of temporary differences by applying enacted statutory tax rates applicable to future years to differences between financial statement carrying amounts and the tax bases of existing assets and liabilities and operating loss and tax credit carry forwards. Under this accounting standard, the effect on deferred income taxes of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all of, a deferred tax asset will not be realized. ASC 740-10, “Accounting for Uncertainty in Income Taxes,” defines uncertainty in income taxes and the evaluation of a tax position as a two-step process. The first step is to determine whether it is more likely than not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigation based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position is measured at the largest amount of benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent period in which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized in the first subsequent financial reporting period in which the threshold is no longer met. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred. United States federal, state and local income tax returns for the years of 2020 to 2022 are subject to examination by any applicable tax authorities. Loss per share The Company reports earnings (loss) per share in accordance with U.S. GAAP, which requires presentation of basic and diluted earnings (loss) per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic loss per share is computed by dividing net loss by the weighted average number of ordinary shares outstanding during the year using the two-class method. Using the two class method, net loss is allocated between ordinary shares and other participating securities (i.e. preference shares) based on their participating rights. Diluted loss per share takes into account the potential dilution that could occur if securities or other contracts, such as warrants, options, restricted stock-based grants and convertible preferred stock, to issue ordinary shares were exercised and converted into ordinary shares. Ordinary share equivalents having an anti-dilutive effect on loss per share are excluded from the calculation of diluted loss per share. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase ordinary shares at the average market price during the period. When the Company has a loss, no potential dilutive items are included since they would be antidilutive. Stock dividends or stock splits are accounted for retroactively if the stock dividends or stock splits occur during the period, or retroactively if the stock dividends or stock splits occur after the end of the period but before the release of the financial statements, by considering it effective as of the beginning of the earliest period presented. Recent Accounting Pronouncements In January 2020, the FASB issued ASU 2020-01 to clarify the interaction of the accounting for equity securities under ASC 321 and investments accounted for under the equity method of accounting in ASC 323 and the accounting for certain forward contracts and purchased options accounted for under ASC 815. With respect to the interactions between ASC 321 and ASC 323, the amendments clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting when applying the measurement alternative in ASC 321, immediately before applying or upon discontinuing the equity method of accounting. With respect to forward contracts or purchased options to purchase securities, the amendments clarify that when applying the guidance in ASC 815-10-15-141(a), an entity should not consider whether upon the settlement of the forward contract or exercise of the purchased option, individually or with existing investments, the underlying securities would be accounted for under the equity method in ASC 323 or the fair value option in accordance with ASC 825. The ASU is effective for interim and annual reporting periods beginning after December 15, 2020. Early adoption is permitted, including adoption in any interim period. The adoption of this ASU did not have a material effect on the Company’s consolidated financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s consolidated financial statements.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Jun. 30, 2023
Discontinued Operations [Abstract]
Discontinued Operations	Note 3 – Discontinued Operations Disposal of Sunway Kids On June 25, 2020, the Company, Sunway Kids and Mr. Yanliang Han (the “SK Purchaser”), an unrelated third party, entered into a share purchase agreement (the “Disposition SPA”). Pursuant to the Disposition SPA, the SK Purchaser agreed to purchase Sunway Kids in exchange for cash consideration of $2.4 million. Upon closing of the transaction, the SK Purchaser became the sole shareholder of Sunway Kids and as a result, assumed all assets and liabilities of all the subsidiaries and variable interest entities (the “VIE”) owned or controlled by Sunway Kids. The SK Purchaser settled $1.0 million of its payment obligation in November 2020 through a tri-party settlement agreement executed on September 29, 2020 among the Company, SK Purchaser and the Asset Seller. Although the SK Purchaser is current with its installment payment, the Company recognized the remaining installment payment on a cash basis as collectability of the remaining $1.4 million cannot be reasonably assured during the year ended June 30, 2020. During the year ended June 30, 2021, the Company received the remaining $1.4 million. As a result, the disposition of Sunway Kids resulted in the recognition of a gain of approximately $1.4 million that is recorded in the accompanying consolidated statements of operations in the caption of “net gain on sale of discontinued operations, net of applicable income taxes” during the year ended June 30, 2021.

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Jun. 30, 2023
Accounts Receivable,Net [Abstract]
Accounts receivable, net	Note 4 – Accounts receivable, net Accounts receivable consisted of the following: June 30, June 30, Color World platform subscription fees due from App payment collections agent $ 2,350,811 $ 2,507,981 Allowance for credit losses (2,350,811 ) - Accounts receivable, net $ - $ 2,507,981 For the year ended June 30, 2023, the Company recognized $2,350,811 on provision for allowance on credit losses. No

Other Receivables, Net

Other Receivables, Net	12 Months Ended
	Jun. 30, 2023
Other Receivables Net [Abstract]
Other receivables, net	Note 5 – Other receivables, net Other receivables consisted of the following: June 30, June 30, Others $ 332 $ - Receivables from vendors upon cancellation of concerts 13,000,000 - Receivable from sale of equipment - 6,819,050 Other receivables 13,000,332 6,819,050 Allowance for credit losses (7,500,000 ) - Other receivables, net $ 5,500,332 $ 6,819,050 For the year ended June 30, 2023, the Company recognized $7,500,000 on provision for allowance on credit losses. No

Prepayments

Prepayments	12 Months Ended
	Jun. 30, 2023
Prepayments [Abstract]
Prepayments	Note 6 – Prepayments Prepayments, current, consisted of the following: June 30, June 30, Prepayment for live concert productions $ 10,286,550 $ 8,000,000 Prepayment for online concert productions - 5,000,000 Prepayment for advertisement - 4,666,664 Prepayment for transportation services 20,676 - Prepayments and advances $ 10,307,226 $ 17,666,664 Prepayments, non-current, consisted of the following: June 30, June 30, Prepayment for transportation services $ 12,061 $ -

Property, Plant and Equipment,

Property, Plant and Equipment, Net	12 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net	Note 7 – Property, plant and equipment, net Property, plant and equipment consist of the following: June 30, June 30, Office equipment $ 39,602 $ 39,602 Less: Accumulated depreciation (22,574 ) (9,374 ) Property, plant and equipment, net $ 17,028 $ 30,228 Depreciation expense was $13,200, $1,445,573 and $1,536,178 for the years ended June 30, 2023, 2022 and 2021, respectively. During the year ended June 30, 2022, the Company disposed all of its performance equipment which resulted in a gain on disposal of $94,984. Due the epidemic has resulted in quarantines and travel and event restrictions throughout the world, the Company did not successfully host any live concerts since 2020. As a result, the Company decided to dispose its performance equipment by utilizing the cash to be realized from the equipment disposal as operating cash flows.

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
	Jun. 30, 2023
Intangible Assets, Net [Abstract]
Intangible assets, net	Note 8 – Intangible assets, net Intangible assets consist of the following: June 30, June 30, Copyrights of online education academy courses $ 16,600,000 $ 32,198,770 Less: Accumulated amortization (2,633,917 ) (6,631,812 ) Intangible assets, net $ 13,966,083 $ 25,566,958 Amortization expense was $5,843,813, $4,450,895, and $2,180,917 for the years ended June 30, 2023, 2022 and 2021, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2023
Related party transactions [Abstract]
Related party transactions	Note 9 – Related party transactions Other payables – related parties Other payables – related party consisted of the following: Name of Related Party Relationship Nature June 30, June 30, Weili He Former Chief Financial Officer (“CFO”) of the Company who held less than 5% of the Company ordinary shares currently Salary Payable $ - $ 10,711 Hui Xu General Manager of CACM Interest-free loan, due on demand 580,000 350,000 Jehan Zeb Khan Director and Former Co-Acting CEO of the Company Interest-free loan, due on demand - 2,173 Total $ 580,000 $ 362,884

Accounts Payable

Accounts Payable	12 Months Ended
	Jun. 30, 2023
Accounts Payable [Abstract]
Accounts payable	Note 10 – Accounts payable June 30, June 30, Royal fees payable $ 3,270,945 $ 3,770,945

Leases

Leases	12 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	Note 11 – Leases The Company determines if a contract contains a lease at inception. US GAAP requires that the Company’s leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date and the lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option which result in an economic penalty. The Company has a lease agreement for office space in New York from June 1, 2020 through May 31, 2021, with annual payments of $46,896 and converted to month to month lease in June 2021 and terminated the month to month lease on October 2021. The Company has a new lease agreement for office space in New York from July 1, 2021 through June 30, 2022, with a rental fee of $3,300 per month. In May 2022, the Company entered another lease agreement for office space in New York from July 1, 2022 through June 30, 2023, with a rental fee of $2,886 per month. The Company ended the lease on June 30, 2023. In June 2022, the Company entered another lease agreement for office space in Dubai, United Arab Emirates from July 15, 2022 through July 14, 2023, with a rental fee of $7,829 per month. The Company ended the lease on July 14, 2023. The Company did not recognize the operating lease ROU assets and lease liabilities on the balance sheet as this lease has an initial term of 12 months or less. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The leases generally do not contain options to extend at the time of expiration. The one-year maturity of the Company’s lease obligations is presented below: Year Ending June 30, Operating 2023 $ 3,915 Total lease payments $ 3,915 Operating lease expenses are included in general and administrative expenses. Total operating lease expenses were approximately $77,751, $65,580 and $71,000 for the years ended June 30, 2023, 2022 and 2021, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2023
Income Taxes [Abstract]
Income taxes	Note 12 – Income taxes (a) Corporate income tax Color Star Under the current laws of the Cayman Islands, Color Star is not subject to tax on income or capital gains. Additionally, upon payments of dividends to the shareholders, no Cayman Islands withholding tax will be imposed. CACM CACM is organized in the New York State in the United States. CACM had no taxable income for the U.S. income tax purposes for the years ended June 30, 2023, 2022 and 2021. The applicable tax rate is 21.0% for federal and 7.3% for New York State with an effective tax rate of 26.8%. Color Sky and Modern Pleasure Color Sky and Modern Pleasure are organized in Hong Kong and is subject to Hong Kong Profits Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Hong Kong tax laws. The applicable tax rate is 16.5% in Hong Kong. The Company did not make any provisions for Hong Kong Profits Tax as there were no assessable profits derived from or earned in Hong Kong since inception. Under Hong Kong tax law, Color Sky is exempted from income tax on its foreign-derived income and there are no withholding taxes in Hong Kong on remittance of dividends. Color Metaverse Color Metaverse are incorporated in Singapore and is subject to Singapore Profits Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Singapore tax laws. The applicable tax rate is 17% in Singapore, with 75% of approximately the first $8,000 (SGD 10,000) taxable income and 50% of the next approximately $0.1 million (SGD 190,000) taxable income are exempted from income tax. Color DMCC Color DMCC are incorporated in United Arab Dirham and is subject to United Arab Dirham Profits Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant United Arab Dirham tax laws. The applicable tax rate is 9% in the amount of taxable income above approximately $0.1 million (AED 375,000) and taxable income below approximately $0.1 million (AED 375,000) are exempted from income tax. Income (loss) before provision for income taxes consisted of: For the For the For the Cayman $ (7,186,161 ) $ (8,837,141 ) $ (7,120,310 ) United States (527,712 ) (617,057 ) (541,744 ) Hong Kong (9,114,811 ) (67,753,920 ) (576,459 ) Dubai (21,020,981 ) - - Loss before provision for income taxes $ (37,849,665 ) $ (77,208,118 ) $ (8,238,513 ) The following table reconciles the U.S. statutory rates to the Company’s effective tax rate for the years ended June 30, 2023, 2022 and 2021: For the For the For the Federal statutory rate 21.0 % 21.0 % 21.0 % State statutory rate 5.8 % 5.6 % 5.6 % Valuation allowance (5.4 )% (26.6 )% (26.6 )% Removal of valuation allowance in disposed subsidiary 29.8 % - % - % Others (1) (21.4 )% - % - % Effective tax rate 0.0 % 0.0 % 0.0 % (1) These items represent expenses incurred in Cayman and it is not deductible in U.S. federal and state tax returns. Significant components of deferred tax assets were as follows: June 30, June 30, Deferred tax assets Net operating loss carryforward in the U.S. 576,046 442,051 Net operating loss carryforward in the United Arab Emirates 1,891,888 - Net operating loss carryforward in Hong Kong - 11,274,650 Valuation allowance (2,467,934 ) (11,716,701 ) Total net deferred tax assets $ - $ - As of June 30, 2023 and 2022, CACM and Color Star Ohio’s net operating loss carry forward for the U.S. income taxes was approximately $2.1 million and $1.5 million, receptively. The net operating loss carry forwards are available to reduce future years’ taxable income for unlimited years but limited to 80% use per year. Management believes that the realization of the benefits from these losses appears uncertain due to the Company’s operating history and continued losses in the U.S. If the Company is unable to generate taxable income in its United States operations, it is more likely than not that it will not have sufficient income to utilize its deferred tax assets. Accordingly, the Company has provided a 100% valuation allowance on its net deferred tax assets of approximately $576,000 and $442,000 related to its U.S. operations as of June 30, 2023 and 2022, respectively. As of June 30, 2023 and 2022, Color Sky and Modern Pleasure’s net operating loss carry forward for the Hong Kong income taxes was $0 and approximately $68.3 million, receptively. The net operating loss carry forwards are available to reduce future years’ taxable income for unlimited years. Management believes that the realization of the benefits from these losses appears uncertain due to the Company’s operating history and continued losses in Hong Kong. If the Company is unable to generate taxable income in its Hong Kong operations, it is more likely than not that it will not have sufficient income to utilize its deferred tax assets. Accordingly, the Company has provided a 100% valuation allowance on its net deferred tax assets of $0 and approximately $11.3 million related to its Hong Kong operations as of June 30, 2023 and 2022, respectively. As of June 30, 2023 and 2022, Color Star DMCC’s net operating loss carry forward for the United Arab Emirates income taxes was approximately $21.0 million and $0, receptively. The net operating loss carry forwards are available to reduce future years’ taxable income for unlimited years. Management believes that the realization of the benefits from these losses appears uncertain due to the Company’s operating history and continued losses in United Arab Emirates. If the Company is unable to generate taxable income in its United Arab Emirates operations, it is more likely than not that it will not have sufficient income to utilize its deferred tax assets. Accordingly, the Company has provided a 100% valuation allowance on its net deferred tax assets of approximately $1.9 million and $0 related to its United Arab Emirates operations as of June 30, 2023 and 2022, respectively. Changes in the valuation allowance for deferred tax assets decreased by $9,248,767 from $11,716,701 on June 30, 2022 to $2,467,934 on June 30, 2023. Changes in the valuation allowance for deferred tax assets increased by $11,342,917 from $373,784 on June 30, 2021 to $11,716,701 on June 30, 2022. (b) Uncertain tax positions There were no uncertain tax positions as of June 30, 2023 and 2022, and management does not anticipate any potential future adjustments which would result in a material change to its tax positions. For the years ended June 30, 2023, 2022 and 2021, the Company did not incur any tax related interest or penalties.

Shareholders_ Equity

Shareholders’ Equity	12 Months Ended
	Jun. 30, 2023
Shareholders’ equity [Abstract]
Shareholders’ equity	Note 13 – Shareholders’ equity Increase in Authorized Shares and Shares Reverse Split On November 18, 2020, the Company’s shareholders approved to the authorized share capital of the Company be increased from US$75,000 divided into 75,000,000 ordinary shares of a par value of US$0.001 each to US$200,000 divided into 200,000,000 ordinary shares of a par value of US$0.001 each by the creation of an additional 125,000,000 ordinary shares of a par value of US$0.001 each to rank pari passu in all respects with the existing ordinary shares. On December 1, 2021, the Company’s shareholders approved to the authorized share capital of the Company be increased from US$200,000 divided into 200,000,000 ordinary shares of a par value of US$0.001 each to US$800,000 divided into 800,000,000 ordinary shares of a par value of US$0.001 each by the creation of an additional 600,000,000 ordinary shares of a par value of US$0.001 each to rank pari passu in all respects with the existing ordinary shares. On March 10, 2022, the Board of Directors of the Company approved the 40-for-1 reverse share split of its ordinary shares in accordance with Cayman law and on April 11, 2022, the Company’s shareholders approved the proposal to implement a reverse share split of the Company’s ordinary shares, par value US$0.001 per share, including the Company’s ordinary shares reserved for issuance (the “Original Ordinary Shares”), at a ratio of forty (40)-for-one and at a time during the following six months to be determined by further action of our Board of Directors (or not at all in the determination of the Board of Directors during the same period), such that each 40 Original Ordinary Shares shall be consolidated into one ordinary share of the Company, par value US$0.04 (the “Adjusted Ordinary Shares”), and that the authorized share capital of the Company is consolidated from US$800,000 divided into 800,000,000 Original Ordinary Shares to US$800,000 divided into 20,000,000 Adjusted Ordinary Shares. The Company’s shareholders also approved the proposal to increase the authorized share capital of the Company at a time during the following six months to be determined by further action of the Company’s Board of Directors (or not at all in the determination of the Board of Directors during the same period) from US$800,000 divided into 20,000,000 Adjusted Ordinary Shares to US$32,000,000 divided into 800,000,000 Adjusted Ordinary Shares by the creation of an additional 780,000,000 Adjusted Ordinary Shares to rank pari passu in all respects with the Adjusted Ordinary Shares existing upon approval of the Reverse Split Proposal. The increase in authorized shares and shares reverse split became effective on September 26, 2022. All share amounts have been retroactively restated to reflect increase in authorized shares and shares reverse split. Upon execution of the 40-for-1 reverse share stock split, the Company recognized additional 25,756 ordinary shares due to round up adjustment. Share Capital Amendment On March 24, 2023, the Shareholders of the Company approved the alteration of the authorized issued share capital of the Company from (i) US$32,000,000 divided into 800,000,000 Ordinary Shares with a par value of US$0.04 each; to (ii) 700,000,000 Class A Ordinary Shares with a par value of $0.04 each and 100,000,000 Class B Ordinary Shares with a par value of US$0.04 each, in each case having the rights and subject to the restrictions set out in the Fifth Amended and Restated Memorandum of Association and Articles of Association of the Company and (ii) reconversion of the 1,200,000 Class A Ordinary Shares into Class B Ordinary Shares. All share amounts have been retroactively restated to reflect the alteration of the authorized issued share capital of the Company. The holders of Class A ordinary Shares and Class B ordinary shares shall have the same rights except for voting and conversion rights. The holders of Class A ordinary shares shall have one vote in respect of each Class A ordinary share held and the holders of Class B ordinary shares shall have ten vote in respect of each Class B ordinary share held. Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Sale of Class A Ordinary Shares In January 2020, the Company sold 50,000 Class A ordinary shares at $40.00 per share for total proceeds of $2.0 million to a third-party. The issuance was completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended. In July 2020, the Company sold 80,625 Class A ordinary shares and warrants to purchase up to 52,407 Class A ordinary shares with an exercise price of $52.00 for total proceeds of approximately $3.8 million, net of offering cost of approximately $0.4 million to certain institutional investors. The purchase price for each share and the corresponding warrant is $60.00. The issuance was completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended. In September 2020, the Company entered into an agreement to sell a Purchaser an aggregate of up to 79,366 Class A ordinary shares for gross proceeds of up to approximately $2 million. The shares shall be issued in four separate installments. The first installment of $500,000 worth of shares, or 19,842 shares to be issued at $25.20 per share, was closed on September 9, 2020. The Company also agreed to issue 794 Class A ordinary shares to the Purchaser as additional consideration for the purchase of the shares on September 9, 2020. The Company received total proceeds of $460,000, net of offering cost of $40,000 for the first installment. The issuance was completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended. As of the date of this report, the Company is not certain that the Purchaser will proceed with the remaining three installments. In September 2020, the Company sold 330,000 Class A ordinary shares and warrants to purchase up to Class A 297,000 ordinary shares with an exercise price of $20.00 for total proceeds of approximately $6.0 million, net of offering cost of approximately $0.6 million to certain institutional investors. The purchase price for each share and the corresponding warrant is $22.00. The issuance was completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended. On February 18, 2021, the Company entered into certain securities purchase agreement (the “SPA”) with certain non-U.S. Persons (the “Purchasers”) as defined in Regulation S of the Securities Act of 1933, as amended pursuant to which the Company agreed to sell an aggregate of 500,000 units. Each unit consists of one restrictive Class A ordinary share of the Company, par value $0.04 per share and a warrant to purchase one share with an initial exercise price of $53.60 per share, at a price of $52.00 per unit, for an aggregate purchase price of $26,000,000 (the “Offering”). The warrants are exercisable immediately upon the date of issuance at an initial exercise price of $1.34 per share, for cash (the “Warrant Shares”). The warrants may also be exercised cashlessly if at any time after the three-month anniversary of the issuance date, there is no effective registration statement registering, or no current prospectus available for, the resale of the Warrant Shares. The Warrants shall expire three years from its date of issuance. The warrants are subject to customary anti-dilution provisions reflecting stock dividends and splits or other similar transactions. The net proceeds of the Offering were used to upgrade the Company’s software application, or Color Star APP, with artificial intelligence, augmented reality, and mixed reality technologies. On March 25, 2021, the Company entered into a Securities Purchase Agreement (the “First Purchase Agreement”) with Wang MinYe (the “First Purchaser”), pursuant to which the Company agreed to sell to the First Purchaser in a private placement 75,500 Class A ordinary shares (the “Wang Shares”) of the Company, par value $0.04 per share, at a purchase price of $52.00 per share for an aggregate offering price of $3,900,000 (the “First Private Placement”). The First Private Placement will be completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended. On March 25, 2021, the Company entered into a Securities Purchase Agreement (the “Second Purchase Agreement”) with Lin YiHan (the “Second Purchaser”), pursuant to which the Company agreed to sell to the Second Purchaser in a private placement 87,500 Class A ordinary shares (the “Lin Shares”) of the Company, par value $0.04 per share, at a purchase price of $52.00 per share for an aggregate offering price of $4,550,000 (the “Second Private Placement”). The Second Private Placement will be completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended. On March 27, 2021, the Company entered into a Securities Purchase Agreement (the “Third Purchase Agreement”) with Zubair Ahsan (the “Third Purchaser”), pursuant to which the Company agreed to sell to the First Purchaser in a private placement 75,000 Class A ordinary shares of the Company, par value $0.04 per share, at a purchase price of $52.00 per share for an aggregate offering price of $3,900,000 (the “Third Private Placement”). The Third Private Placement will be completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended. On March 27, 2021, the Company entered into a Securities Purchase Agreement (the “Fourth Purchase Agreement”) with Ullah Sabar (the “Fourth Purchaser”), pursuant to which the Company agreed to sell to the Second Purchaser in a private placement 87,500 Class A ordinary shares of the Company, par value $0.04 per share, at a purchase price of $52.00 per share for an aggregate offering price of $4,550,000 (the “Fourth Private Placement”). The Fourth Private Placement will be completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended. On March 27, 2021, the Company entered into a Securities Purchase Agreement (the “Fifth Purchase Agreement”) with Li Yan (the “Fifth Purchaser”), pursuant to which the Company agreed to sell to the Fifth Purchaser in a private placement 87,500 Class A ordinary shares of the Company, par value $0.04 per share, at a purchase price of $52.00 per share for an aggregate offering price of $4,550,000 (the “Fifth Private Placement”). The Fifth Private Placement will be completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended. On March 27, 2021, the Company entered into a Securities Purchase Agreement (the “Sixth Purchase Agreement”) with Ahmed Muhammad Abrar (the “Sixth Purchaser”), pursuant to which the Company agreed to sell to the Sixth Purchaser in a private placement 87,500 Class A ordinary shares of the Company, par value $0.04 per share, at a purchase price of $52.00 per share for an aggregate offering price of $4,550,000 (the “Sixth Private Placement”). The Sixth Private Placement will be completed pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended. On September 24, 2021, the Company and certain institutional investors entered into a securities purchase agreement (“SPA 1”), pursuant to which the Company agreed to sell such institutional investors units with each unit consisting of one Class A ordinary share and one warrant to purchase 0.7 Class A ordinary share, at a purchase price of $27.20 per unit, for net proceeds of approximately $19.2 million (the “Offering”). An aggregate of 790,624 Class A ordinary shares and warrants to purchase an aggregate of 553,437 Class A ordinary shares (the “Investor Warrants”) were agreed to be issued to the investors under the SPA 1. The Offering closed on September 28, 2021. On January 21, 2022, the Company and Hou Sing International Business Limited (“Hou Sing”) entered into a securities purchase agreement, pursuant to which the Company agreed to issue and sell to Hou Sing an aggregate of 400,000 Class A ordinary shares at a purchase price of $40.00 per share, for proceeds of $16.0 million. On February 21, 2022, the Company and certain institutional investors entered into a securities purchase agreement (“SPA 2”), pursuant to which the Company agreed to sell such institutional investors units with each unit consisting of one Class A ordinary share and one warrant to purchase one Class A ordinary share, at a purchase price of $16.00 per unit, for net proceeds of approximately $8.7 million (the “Offering”). An aggregate of 625,000 Class A ordinary shares and warrants to purchase an aggregate of 625,000 Class A ordinary shares (the “Investor Warrants”) were agreed to be issued to the investors under the SPA 2. The Offering closed on February 24, 2022. On September 14, 2022, the Company entered into a securities purchase agreement (the “SPA 3”) with certain institutional investors for a registered direct offering of Class A ordinary shares and warrants. Each unit consists of one Class A ordinary share and one warrant to purchase one Class A ordinary share. The purchase price per unit is $3.20. The gross proceeds from the sale of the securities, before deducting placement agent fees and other estimated offering expenses payable by the Company, was approximately $5.6 million. The Company issued to the investors an aggregate of 1,750,000 Class A ordinary shares and warrants to purchase an aggregate of 1,750,000 Class A ordinary shares. The Investor Warrants are initially exercisable at $3.20 per Class A Ordinary Share and expire 5.0 years from the date of issuance. Pursuant to a placement agent agreement entered into between the Company and FT Global Capital, Inc. (“FT Global”) dated September 24, 2021 (the “September 2021 PAA”), the Company issued to FT Global warrants (the “Tail Fee Warrants”) to purchase 43,125 Class A Ordinary Shares on substantially the same terms as the Investor Warrants sold in SPA 3, except that the Tail Fee Warrants shall not be exercisable for a period of six months and shall expire 36 months after issuance, and shall have no anti-dilution protection other than adjustments based on stock splits, stock dividends, combinations of shares and similar recapitalization transactions. The net proceeds from this offering will be used for general corporate and working capital purposes. The Offering closed on September 19, 2022. On December 20, 2022, the Company entered into certain securities purchase agreement (the “SPA 4”) with a certain “accredited investor” (the “Purchaser”) as such term is defined in Rule 501(a) of Regulation D of the Securities Act of 1933, as amended, pursuant to which the Company agreed to sell 1,200,000 Class A ordinary shares, (the “Shares”) par value $0.04 per share (the “Class A Ordinary Shares”), at a per share purchase price of $1.25 (the “Offering”). The gross proceeds to the Company from this offering was $1.5 million. The issuance and sale of the Shares is exempted from the registration requirements of the Securities Act pursuant to Regulation D promulgated thereunder and will be issued as restricted securities. The Offering closed on January 22, 2023. Restricted Stock Grants Restricted stock grants are measured based on the market price on the grant date. The Company has granted restricted Class A ordinary shares to the members of the board of directors (the “Board”), senior management and consultants. In May 2020, the Board granted 4,500 restricted Class A ordinary shares, which were issued with a fair value of $84,600 to the Company’s former CEO/Vice President of Technology. The Board approved that these shares were all vested in October 2020 when the Company’s former CEO/Vice President of Technology left the Company. In July 2020, the Board granted an aggregate of 7,500 restricted Class A ordinary shares, which were issued with a fair value of $522,000 to the current Co-Acting CEO (“Co-Acting CEO”) of the Company. These shares will vest quarterly over the required service period of one year starting from July 17, 2020 to July 16, 2021. In June 2021, the Board granted an aggregate of 10,000 restricted Class A ordinary shares, which were issued with a fair value of $11,200 to Mr. Basil Wilson, the former CEO, and to Mr. Biao Lu, the current Co-Acting CEO, of the Company. These shares will vest quarterly over the required service period of one year starting from June 16, 2021 to June 15, 2022. On December 13, 2021, Basil Wilson resigned from his positions as the CEO and chairman of the board of directors. As a result, he had forfeited 3,750 unvested restricted Class A ordinary shares with an initial fair value of $168,000. In December 2021, the Board granted an aggregate of 2,500 restricted Class A ordinary shares, which were issued with a fair value of $45,900 to Sir Lucas Capetian, the former CEO. These shares will vest quarterly over the required service period of one year starting from December 13, 2021 to December 12, 2022. In March 2022, all of these shares were deemed fully vested upon the approval by the Compensation Committee of the Board of Directors of the Company. In April 2022, the Company granted an aggregate of 3,000 restricted Class A ordinary shares, which were issued with a fair value of $27,360 to Ms. Lili Jiang, the Company’s CFO, pursuant to her employment contract. These shares will vest quarterly over the required service period of one year starting from April 1, 2022 to March 31, 2023. In June 2022, the Company granted an aggregate of 2,500 restricted Class A ordinary shares, which were issued with a fair value of $13,000 to Mr. Biao Lu, the Company’s CAO, pursuant to his employment contract. These shares will vest quarterly over the required service period of one year starting from June 16, 2022 to June 15, 2023. In August 2022, the Board granted an aggregate of 7,500 restricted Class A ordinary shares, which were issued with a fair value of $36,000 to Ms. Wei Zhang, the Company’s charwoman and Mr. Farhan Qadir, the Company’s former CEO, pursuant to their employment contract. These shares will vest quarterly over the required service period of one year starting from August 9, 2022 to August 8, 2023. The Board approved that these shares were all vested in February 2023 when the Company’s former CEO resigned from the Company. In February 2023, the Company granted an aggregate of 50,000 restricted Class A ordinary shares, which were issued with a fair value of $81,800 to Mr. Louis Luo, the Company’s CEO, pursuant to his employment contract. These shares will vest quarterly over the required service period of one year starting from February 14, 2023 to February 13, 2024. In April 2023, the Company granted an aggregate of 3,000 restricted Class A ordinary shares, which were issued with a fair value of $5,490 to Ms. Lili Jiang, the Company’s CFO, pursuant to her employment contract. These shares will vest quarterly over the required service period of one year starting from April 1, 2023 to March 31, 2024. For the years ended June 30, 2023, 2022 and 2021, the Company recognized approximately $0.1 million, $0.6 million and $1.1 million compensation expense related to restricted stock grants, respectively. Following is a summary of the restricted stock grants: Restricted stock grants Shares Weighted Aggregate Unvested as of June 30, 2020 13,875 $ 82.40 $ - Forfeited (3,000 ) $ 2.57 - Granted 17,500 $ 55.60 - Vested (16,229 ) $ 74.80 - Unvested as of June 30, 2021 12,146 $ 56.00 - Forfeited (3,750 ) $ 44.80 - Granted 8,000 $ 10.80 - Vested (11,750 ) $ 48.40 - Unvested as of June 30, 2022 4,646 $ 7.20 - Forfeited (2,396 ) $ 5.20 - Granted 60,500 $ 2.04 - Vested (28,833 ) $ 3.00 - Unvested as of June 30, 2023 33,917 $ 1.69 - Class A Ordinary Shares Issued for Compensation In December 2020, the Board granted an aggregate of 39,750 Class A ordinary shares, which were issued with a fair value of $1,128,900, determined using the closing price of $28.40 on December 24, 2020, to thirteen employees under the 2019 Plan. These shares vested immediately upon grant. In January 2021, the Board granted an aggregate of 54,000 Class A ordinary shares, which were issued with a fair value of $1,836,000, determined using the closing price of $34.00 on January 28, 2021, to thirteen employees under the 2019 Plan. These shares vested immediately upon grant. In March 2021, the Board granted an aggregate of 34,500 Class A ordinary shares, which were issued with a fair value of $1,131,600, determined using the closing price of $32.80 on March 16, 2021, to nine employees under the 2019 Plan. These shares vested immediately upon grant. In August 2021, the Board granted an aggregate of 93,875 Class A ordinary shares, which were issued with a fair value of $3,030,285, determined using the closing price of $32.28 on August 9, 2021, to twenty-one employees under the 2021 Plan. These shares vested immediately upon grant. In March 2022, the Board granted an aggregate of 106,250 Class A ordinary shares, which were issued with a fair value of $1,134,750, determined using the closing price of $10.68 on March 18, 2022, to twenty employees under the 2021 Plan. These shares vested immediately upon grant. In November 2022, the Board granted an aggregate of 300,000 Class A ordinary shares, which were issued with a fair value of $240,000, determined using the closing price of $0.80 on November 29, 2022, to seven employees under the 2021 Plan. These shares vested immediately upon grant. In May 2023, the Board granted an aggregate of 197,500 Class A ordinary shares, which were issued with a fair value of $308,100, determined using the closing price of $1.56 on May 1, 2023, to a former management under the 2023 Plan. These shares vested immediately upon grant. In May 2023, the Board granted an aggregate of 1,742,000 Class A ordinary shares, which were issued with a fair value of $2,282,020, determined using the closing price of $1.31 on May 31, 2023, to nine managements and employees under the 2023 Plan. These shares vested immediately upon grant. For the years ended June 30, 2023, 2022 and 2021, the Company recorded approximately $2.8 million, $4.2 million and $4.1 million stock compensation expense related to Class A ordinary shares grants, respectively. Class A Ordinary Shares Issued for Services In October 2020, the Board granted an aggregate of 17,500 Class A ordinary shares with a fair value of $441,000, determined using the closing price of $25.20 on October 15, 2020, to two service providers. The value of these shares is being amortized over the service from October 15, 2020 to February 10, 2021. In December 2022, the Board granted an aggregate of 1,500,000 Class A ordinary shares with a fair value of $1,065,000, determined using the closing price of $0.71 on December 19, 2022, to four service providers. The value of these shares is being amortized over the service from December 19, 2022 to December 18, 2023. In March 2023, the Board granted an aggregate of 1,800,000 Class A ordinary shares with a fair value of $3,312,000, determined using the closing price of $1.84 on March 27, 2023, to four service providers. The value of these shares has certain vesting conditions to be performed by the service providers. As of June 30, 2023, the vesting conditions have not been met. For the years ended June 30, 2023, 2022 and 2021, the Company amortized approximately $6 million, $0 and $0.5 million stock compensation expense related to services, respectively. Class A Ordinary Shares Issued for Acquisitions In August 2020, the Company issued 151,508 Class A ordinary shares to a third party to purchase certain machinery and equipment for stage performance and the Class A ordinary shares were valued using the closing price of the Company’s Class A ordinary shares on August 20, 2020 at $25.20 per share. In February 2021, the Company issued 45,371 Class A ordinary shares to a third party to purchase certain copyrights to be used in the Company’s Color World platform and the Class A ordinary shares were valued using the closing price of the Company’s Class A ordinary shares on January 29, 2021, last trading day prior to the acquisition at $34.00 per share. In March 2023, the Company issued 2,400,000 Class A ordinary shares to a third party to purchase certain copyrights to be used in the Company’s Color World platform and the Class A ordinary shares were valued using the fair value of the copyrights obtained. Conversion of Warrants into Class A Ordinary Shares During the year ended June 30, 2021, the Company’s warrants holders converted a total of 341,432 warrants into a total of 341,432 Class A ordinary shares at a weighted exercise price of $15.2 per share for gross proceeds of approximately $5.2 million. During the year ended June 30, 2022, the Company’s warrants holders converted a total of 3,775 warrants into a total of 3,775 Class A ordinary shares at a weighted exercise price of $8.34 per share for gross proceeds of approximately $31,000. During the year ended June 30, 2023, the Company’s warrants holders converted a total of 421,312 warrants into a total of 421,312 Class A ordinary shares at a weighted exercise price of $1.21 per share for gross proceeds of approximately $510,000. Warrants In a connection with the direct offering in March 2020 with the sales of 68,182 Class A ordinary shares, the Company also sold warrants (“Direct Offering Warrants”) to purchase an aggregate of up to an aggregate of 68,182 Class A ordinary shares to certain institutional investors on April 2, 2020. The warrants are exercisable immediately, at an exercise price of $22.00 per Class A Ordinary Share and expire 5.5 years from the date of issuance. The fair value of this Direct Offering Warrants was $916,334, which was considered a direct cost of the direct offering and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $16.40, risk free rate of 0.43%; expected term of 5.5 years; exercise price of the warrants of $22.00, volatility of 120%; and expected future dividends of 0%. In June 2020, the exercise price of the warrants was amended and changed to $1.60 per Class A Ordinary Share as a result of the May 13, 2020 direct offering. In a connection with the private placement in May 2020 for the sale of 65,000 Class A ordinary shares, the Company also sold warrants (“Direct Offering Warrants”) to purchase an aggregate of up to an aggregate of 65,000 Class A ordinary shares to certain institutional investors on May 11, 2020. The warrants are exercisable immediately, at an exercise price of $22.00 per Class A Ordinary Share and expire 5.5 years from the date of issuance. The fair value of this Direct Offering Warrants was $860,826, which was considered a direct cost of the direct offering and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $16.0, risk free rate of 0.36%; expected term of 5.5 years; exercise price of the warrants of $22.00, volatility of 123%; and expected future dividends of 0%. In August 2020, the exercise price of the warrants was amended and changed to $7.40 per Class A Ordinary Share as a result of the July 20, 2020 direct offering. In a connection with the private placement in July 2020 for the sale of 80,625 Class A ordinary shares, the Company also sold warrants (“Direct Offering Warrants”) to purchase an aggregate of up to an aggregate of 52,406 Class A ordinary shares to certain institutional investors on July 20, 2020. The warrants are exercisable immediately, at an exercise price of $60.00 per Class A Ordinary Share and expire 5.5 years from the date of issuance. The fair value of this Direct Offering Warrants was $2,901,119, which was considered a direct cost of the direct offering and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $63.60, risk free rate of 0.34%; expected term of 5.5 years; exercise price of the warrants of $60.00, volatility of 128%; and expected future dividends of 0%. In a connection with the private placement in September 2020 for the sale of 330,000 Class A ordinary shares, the Company also sold warrants (“Direct Offering Warrants”) to purchase an aggregate of up to an aggregate of 297,000 Class A ordinary shares to certain institutional investors on September 15, 2020. The warrants are exercisable immediately, at an exercise price of $22.00 per Class A Ordinary Share and expire 5.5 years from the date of issuance. The fair value of this Direct Offering Warrants was $8,403,557, which was considered a direct cost of the direct offering and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $31.60, risk free rate of 0.32%; expected term of 5.5 years; exercise price of the warrants of $22.00, volatility of 130%; and expected future dividends of 0%. On February 18, 2021, the Company entered into certain securities purchase agreement (the “SPA”) with certain non-U.S. Persons (the “Purchasers”) as defined in Regulation S of the Securities Act of 1933, as amended pursuant to which the Company agreed to sell an aggregate of 500,000 units. Each unit consists of one restrictive Class A ordinary share of the Company and a warrant (“SPA Warrants”) to purchase one share with an initial exercise price of $53.60 per share. The SPA Warrants are exercisable immediately upon the date of issuance at an initial exercise price of $53.60 per Share, for cash (the “Warrant Shares”). The SPA Warrants may also be exercised cashlessly if at any time after the three-month anniversary of the issuance date, there is no effective registration statement registering, or no current prospectus available for, the resale of the Warrant Shares. The SPA Warrants shall expire three years from its date of issuance. The SPA Warrants are subject to customary anti-dilution provisions reflecting stock dividends and splits or other similar transactions. The SPA Warrants are exercisable immediately, at an exercise price of $53.60 per Class A Ordinary Share and expire 3.0 years from the date of issuance. The fair value of the SPA Warrants was $15,898,047, which was considered a direct cost of the sale of SPA and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $42.40, risk free rate of 0.21%; expected term of 3.0 years; exercise price of the warrants of $53.60, volatility of 141%; and expected future dividends of 0%. On September 24, 2021, the Company and certain institutional investors entered into a SPA 1, pursuant to which the Company agreed to sell such institutional investors units with each unit consisting of one Class A ordinary share and one warrant to purchase 0.7 Class A ordinary share, at a purchase price of $27.20 per unit, for net proceeds of approximately $19.2 million (the “Offering”). An aggregate of 790,624 Class A ordinary shares and warrants to purchase an aggregate of 553,437 Class A ordinary shares (the “Investor Warrants”) were agreed to be issued to the investors under the SPA 1. The Company issued a warrant to purchase 23,719 Class A ordinary shares to the placement agent (the “Placement Agent Warrants”). The Investor Warrants and Placement Agent Warrants are initially exercisable at $40.00 per Class A Ordinary Share and expire 3.0 years from the date of issuance. The fair value of the Investor Warrants and Placement Agent Warrants were $9,123,701, which was considered a direct cost of the sale of SPA and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $22.40, risk

Loss Per Shares

Loss Per Shares	12 Months Ended
	Jun. 30, 2023
Loss Per Shares [Abstract]
Loss per shares	Note 14 – Loss per shares The Company computes loss per share of Class A ordinary shares and Class B ordinary shares using the two-class method. The rights, including the liquidation and dividend rights, of the holders of Class A ordinary shares and Class B ordinary shares are identical. As a result, the undistributed earnings (loss) for each year are allocated based on the contractual participation rights of the Class A ordinary shares and Class B ordinary shares as if the earnings for the year had been distributed. As the liquidation and dividend rights are identical, the undistributed loss are allocated on a proportionate basis. The following tables set forth the computation of basic and diluted loss per share of Class A ordinary shares and Class B ordinary shares: For the For the For the Class A Class B Class A Class A Basic and diluted loss per share: Numerator Allocation of undistributed loss $ (36,519,400 ) $ (1,330,265 ) $ (77,208,118 ) $ (8,238,513 ) Denominator Number of shares used in per share computation 8,845,046 322,192 3,880,561 1,702,387 Basic and diluted loss per share $ (4.13 ) $ (4.13 ) $ (19.90 ) $ (4.84 ) For the years ended June 30, 2023, 2022 and 2021, the Company had dilutive securities from the outstanding warrants that are convertible into 3,224,983, 1,856,945 and 641,157 of the Company’s Class A ordinary shares, respectively, were not included in the computation of dilutive loss per share because the inclusion of such warrants would be anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2023
Commitments and Contingencies [Abstract]
Commitments and contingencies	Note 15 – Commitments and contingencies Contingencies From time to time, the Company is a party to various legal actions arising in the ordinary course of business. The Company accrues costs associated with these matters when they become probable and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. The Company’s management does not expect any liability from the disposition of such claims and litigation individually or in the aggregate would have a material adverse impact on the Company’s consolidated financial position, results of operations and cash flows.

Concentrations of Risk

Concentrations of Risk	12 Months Ended
	Jun. 30, 2023
Concentrations of Risk [Abstract]
Concentrations of risk	Note 16 – Concentrations of risk Credit Risk The Company is exposed to credit risk from its cash in banks and advances on performance obligations. As of June 30, 2023 and 2022, $0 and approximately $0.3 million was deposit with a bank located in the US or Hong Kong subject to credit risk. In the US, the insurance coverage of each bank is USD $250,000. In Hong Kong, the insurance coverage of each bank is HKD 500,000 (approximately $64,000). Prepayments and advances are subject to credit evaluation. An allowance will be made for credit losses on estimated unrecoverable amounts which have been determined by reference to past default experience and the current economic environment. Vendor Concentration Risk As of June 30, 2023 and 2022, one vendor accounted for 100% of the Company’s accounts payable. There were no purchases for the year ended June 30, 2023. For the year ended June 30, 2022, three vendors accounted for 60%, 27% and 13% of the Company’s total purchases. For the year ended June 30, 2021, one vendor accounted for 89% of the Company’s total purchases.

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent events	Note 17 – Subsequent events Lease In July 2023, the Company entered another lease agreement for office space in Dubai, United Arab Emirates from August 4, 2023 through August 3, 2025, with a rental fee of approximately $8,600 per month. Issuance of Class A ordinary shares for Services On July 20, 2023, the Company issued 6,400,000 of restricted Class A ordinary shares to a vendor in exchange for Artist’s personal services with respect to the event of Color Star Music Season concert. The shares were valued at $1.25 per Class A ordinary shares with total consideration of $8,000,000. Sale of Class A Ordinary Shares On November 8, 2023, the Company entered into a certain securities purchase agreement with Vast Ocean Inc., the largest shareholder of the Company, pursuant to which the Company agreed to sell 1,120,000 Class A ordinary shares, par value $0.04 per share, at a per share purchase price of $0.25 (the “Offering”). This Offering was unanimously approved by the audit committee of the board of directors of the Company consisting only of independent directors. The gross proceeds to the Company from this Offering are $280,000, before deducting any fees or expenses. The Company plans to use the net proceeds from this Offering for working capital and general corporate purposes. The Offering closed on November 9, 2023.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Jun. 30, 2023
Summary of Significant Accounting Policies [Abstract]
Going concern uncertainty	Going concern uncertainty The Company had an accumulated deficit of approximately $185.2 million as June 30, 2023 and had a net loss of approximately $37.8 million for the year ended June 30, 2023. In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” the Company has incurred recurring operating losses and negative cash flows from operating activities and has an accumulated deficit, management has determined that these conditions raise substantial doubt about the Company’s ability to continue as a going concern. If the Company is unable to generate sufficient cash flow within the normal operating cycle of a twelve month period to pay for its future payment obligations, the Company may be required to curtail or cease its operations. Management is trying to alleviate the going concern risk through obtaining additional equity financings to support its working capital. However, there is no assurance that management will be successful in their future plans. The consolidated financial statements does not include any adjustments that might result from the outcome of this uncertainty.
Basis of presentation	Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). These consolidated financial statements include the accounts of all the directly and indirectly owned subsidiaries listed below. All intercompany transactions and balances have been eliminated in consolidation.
Principles of consolidation	Principles of consolidation The consolidated financial statements reflect the activities of the following subsidiaries. All material intercompany transactions and balances have been eliminated. Subsidiaries Place incorporated Ownership CACM New York, USA 100 % Color Sky (1) Hong Kong 100 % Modern Pleasure (2) Hong Kong 100 % Color Metaverse Singapore 100 % Color Star Ohio Ohio, USA 100 % DMCC United Arab Emirates 100 % (1) Disposed on February 3, 2023 (2) Dissolved on December 16, 2022
Use of estimates and assumptions	Use of estimates and assumptions The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. The significant estimates and assumptions made in the preparation of the Company’s consolidated financial statements include the allowance for credit losses of accounts receivable and other receivables, allowance for doubtful accounts on prepayments and advances and deferred income taxes, stock-based compensation, and fair value and useful lives of property, plant and equipment and intangibles assets. Actual results could be materially different from those estimates.
Revenue recognition	Revenue recognition The Company follows the Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2014-09 Revenue from Contracts with Customers (ASC 606) to recognize its revenue for all period presented. The core principle underlying this ASU is that the Company recognizes its revenue to represent the transfer of goods and services to customers in an amount that reflects the consideration to which the Company expects to be entitled in such exchange. This requires the Company to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of goods and services transfers to a customer. The Company’s revenue streams to be recognized at a point in time comprise principally of music performance performed or education services provided. The Company’s revenue streams to be recognized over a period of time comprise of its platform subscribed membership fees which is recognized over the subscription period. The ASU requires the use of a five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation. The application of the five-step model to the revenue streams compared to the prior guidance did not result in significant changes in the way the Company records its revenue. Upon adoption, the Company evaluated its revenue recognition policy for all revenue streams within the scope of the ASU under previous standards and using the five-step model under the new guidance and confirmed that there were no material differences in the pattern of revenue recognition. The Company accounts for a contract with a customer when the contract is committed in writing, the rights of the parties, including payment terms, are identified, the contract has commercial substance and consideration to collect is substantially probable. The Company offered the following services: (a) Online education academy For the years ended June 30, 2022 and 2021, the Company earns its online education academy revenues from its customers for subscription for services to be delivered over a period of time, the receipt is initially recorded as “deferred revenue” on the consolidated balance sheets and revenue is recognized ratably over the membership period as services are rendered, usually one year. Membership services revenue also includes fees earned from subscribing members for on-demand content purchases and early access to premium content. The Company is principal in its relationships where its partners, including artist agents, mobile operators, internet service providers and online payment agencies, provide access to the membership services or payment processing services as the Company retains control over its service delivery to its subscribing members. Typically, payments made to its partners, are recorded as cost of revenues and as research and development expenses prior to any revenues being generated in this revenue stream. In July 2021, the Company no longer required its subscribers to pay for the annual subscription fee. Revenues in connection with the on-demand contents are recognized at a point in time when the subscription fee was paid to stream the on-demand contents. (b) Online concert For the year ended June 30, 2021, the Company holds online concerts with its star partners. Sale of online concert via subscription fee is accounted for as a single performance obligation which is satisfied at a point in time on the day of the event. Online concert subscription fees are recognized net of App payment collections agent service fee. All ticket sales are final upon payment. As a practical expedient, the Company elects to record the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that the entity otherwise would have recognized is one year or less. Disaggregated information of revenues by services are as follows: For the Years Ended June 30, 2023 2022 2021 Online music education academy subscription $ - $ 16,519,081 $ 4,453,957 Online concert subscription - - 2,330,000 Total revenue $ - $ 16,519,081 $ 6,783,957
Financial instruments	Financial instruments US GAAP specifies a hierarchy of valuation techniques for determining the fair value of financial instruments and related fair value measurements based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs). The valuation hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. In accordance with FASB ASC 820, the following summarizes the fair value hierarchy: The three levels of inputs are defined as follows: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument; Level 3 inputs to the valuation methodology are unobservable. Financial instruments included in current assets and current liabilities are reported in the consolidated balance sheets at face value or cost, which approximate fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest.
Cash and cash equivalents	Cash and cash equivalents The Company considers all highly liquid investments with the original maturity of three months or less at the date of purchase to be cash equivalents.
Accounts receivable, net	Accounts receivable, net Accounts receivable include receivables from Color World platform subscription fees due from App payment collections agent, net of an allowance for credit losses. Accounts receivable are recorded at subscription fees amount received from the Company’s customers and do not bear interest. Allowance for credit losses for accounts receivables is established based on various factors including historical payments and current economic trends. The Company reviews its allowance for accounts receivable by assessing individual accounts receivable over a specific aging and amount. All other balances are pooled based on historical collection experience. The estimate of expected credit losses is based on information about past events, current economic conditions, and forecasts of future economic conditions that affect collectability. Accounts receivable are written-off on a case by case basis after exhaustive efforts at collection are made, net of any amounts that may be collected.
Other receivables	Other receivables Other receivables primarily include security deposit and receivables resulted from sale of equipment, net of an allowance for credit losses. Allowance for credit losses for other receivables is established based on various factors including historical payments and current economic trends. The Company reviews its allowance for other receivables by assessing individual other receivables over a specific aging and amount. All other balances are pooled based on historical collection experience. The estimate of expected credit losses is based on information about past events, current economic conditions, and forecasts of future economic conditions that affect collectability. Other receivables are written-off on a case by case basis after exhaustive efforts at collection are made, net of any amounts that may be collected.
Prepayments, current	Prepayments, current Prepayments, current include funds deposited or advanced to outside vendors for future performance obligations, program license fees and service fees. As a standard practice in the music performance industry, many of the Company’s vendors require a certain amount to be deposited with them as a guarantee that the Company will complete its purchases on a timely basis. The Company has legally binding contracts with its vendors, the prepayments will be used to offset performance fees, program license fees, purchase price or service fees, and the amounts are refundable and bear no interest if outside vendors breach the contracts.
Prepayments, non-current	Prepayments, non-current Prepayments, non-current represent cash deposited or advanced for software development expenditure.
Property, plant and equipment	Property, plant and equipment Property, plant and equipment are stated at cost or at fair value of the identifiable assets acquired on the acquisition date less accumulated depreciation and impairment loss. Expenditures for maintenance and repairs are charged to operations as incurred while additions, renewals and improvements are capitalized. Depreciation is provided over the estimated useful life of each class of depreciable assets and is computed using the straight-line method with 0%-5% residual value. The estimated useful lives of assets are as follows: Useful life Office equipment 5 years
Intangible assets, net	Intangible assets, net Intangible assets are stated at cost, less accumulated amortization. Amortization expense is recognized on the straight-line basis over the estimated useful lives of the assets. The Company has obtained copyrights to use the online education academy courses for 3 years to unlimited years. The Company amortizes the copyrights with limited useful life over their useful life using the straight-line method and amortizes the copyrights with unlimited useful life over 5 years, which the copyrights are expected to contribute to the revenue of the Company’s online education academy App.
Accounting for long-lived assets	Accounting for long-lived assets The Company classifies its long-lived assets into: (i) office equipment and (ii) intangible assets. Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be fully recoverable. It is possible that these assets could become impaired as a result of technological or other industry changes. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. If the value of an asset is determined to be impaired, the impairment to be recognized is measured in the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or the fair value, less disposition costs. There were no impairment charges for the year ended June 30, 2022. Impairment charges amounted to $9,357,062 and $99,943 for the years ended June 30, 2023 and 2021, respectively. Competitive pricing pressures and changes in interest rates could materially and adversely affect the Company’s estimates of future net cash flows to be generated by the long-lived assets, and thus could result in future impairment losses.
Accounts payable	Accounts payable Accounts payable represents royal fees payable to the Company’s vendor which was incurred from the revenues generated of its on-demand contents in the Color World Platform.
Leases	Leases The Company accounts for leases in accordance with ASC 842 “Leases”. Operating lease right-of-use (“ROU”) assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Since the implicit rate for the Company’s leases is not readily determinable, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow, on a collateralized basis, an amount equal to the lease payments, in a similar economic environment and over a similar term. Lease terms used to calculate the present value of lease payments generally do not include any options to extend, renew, or terminate the lease, as the Company does not have reasonable certainty at lease inception that these options will be exercised. The Company generally considers the economic life of its operating lease ROU assets to be comparable to the useful life of similar owned assets. The Company has elected the short-term lease exception, therefore operating lease ROU assets and liabilities do not include leases with a lease term of twelve months or less. Its leases generally do not provide a residual guarantee. The operating lease ROU asset also excludes lease incentives. Lease expense is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet as operating lease ROU assets and lease liabilities. The Company reviews the impairment of its ROU assets consistent with the approach applied for its other long-lived assets. The Company reviews the recoverability of its long-lived assets when events or changes in circumstances occur that indicate that the carrying value of the asset may not be recoverable. The assessment of possible impairment is based on its ability to recover the carrying value of the asset from the expected undiscounted future pre-tax cash flows of the related operations. The Company has elected to include the carrying amount of operating lease liabilities in any tested asset group and include the associated operating lease payments in the undiscounted future pre-tax cash flows. As of June 30, 2023 and 2022, the Company does not have any lease with an initial term of more than 12 months.
Research and development	Research and development Research and development expenses include website or app development expenditure costs, salaries and other compensation-related expenses to the Company’s research and product development personnel and related expenses for the Company’s research and product development team. The Company expenses all costs that are incurred in connection with the planning and implementation phases of development, and costs that are associated with maintenance of the existing website or app for internal use.
Stock-based compensation	Stock-based compensation The Company records stock-based compensation expense for employees at fair value on the grant date and recognizes the expense over the employee’s requisite service period. The Company’s expected volatility assumption is based on the historical volatility of the Company’s stock. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination rate. The risk-free interest rate for the expected term of an option is based on the U.S. Treasury yield curve in effect at the time of grant. The expected dividend yield is based on the Company’s current and expected dividend policy. The Company records stock-based compensation expense for non-employees at fair value on the grant date and recognizes the expense over the service provider’s requisite service period.
Income taxes	Income taxes The Company accounts for income taxes in accordance with FASB ASC 740, “Income Taxes,” which requires the Company to use the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred income taxes are recognized for the tax consequences of temporary differences by applying enacted statutory tax rates applicable to future years to differences between financial statement carrying amounts and the tax bases of existing assets and liabilities and operating loss and tax credit carry forwards. Under this accounting standard, the effect on deferred income taxes of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all of, a deferred tax asset will not be realized. ASC 740-10, “Accounting for Uncertainty in Income Taxes,” defines uncertainty in income taxes and the evaluation of a tax position as a two-step process. The first step is to determine whether it is more likely than not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigation based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position is measured at the largest amount of benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent period in which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized in the first subsequent financial reporting period in which the threshold is no longer met. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred. United States federal, state and local income tax returns for the years of 2020 to 2022 are subject to examination by any applicable tax authorities.
Loss per share	Loss per share The Company reports earnings (loss) per share in accordance with U.S. GAAP, which requires presentation of basic and diluted earnings (loss) per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic loss per share is computed by dividing net loss by the weighted average number of ordinary shares outstanding during the year using the two-class method. Using the two class method, net loss is allocated between ordinary shares and other participating securities (i.e. preference shares) based on their participating rights. Diluted loss per share takes into account the potential dilution that could occur if securities or other contracts, such as warrants, options, restricted stock-based grants and convertible preferred stock, to issue ordinary shares were exercised and converted into ordinary shares. Ordinary share equivalents having an anti-dilutive effect on loss per share are excluded from the calculation of diluted loss per share. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase ordinary shares at the average market price during the period. When the Company has a loss, no potential dilutive items are included since they would be antidilutive. Stock dividends or stock splits are accounted for retroactively if the stock dividends or stock splits occur during the period, or retroactively if the stock dividends or stock splits occur after the end of the period but before the release of the financial statements, by considering it effective as of the beginning of the earliest period presented.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2020, the FASB issued ASU 2020-01 to clarify the interaction of the accounting for equity securities under ASC 321 and investments accounted for under the equity method of accounting in ASC 323 and the accounting for certain forward contracts and purchased options accounted for under ASC 815. With respect to the interactions between ASC 321 and ASC 323, the amendments clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting when applying the measurement alternative in ASC 321, immediately before applying or upon discontinuing the equity method of accounting. With respect to forward contracts or purchased options to purchase securities, the amendments clarify that when applying the guidance in ASC 815-10-15-141(a), an entity should not consider whether upon the settlement of the forward contract or exercise of the purchased option, individually or with existing investments, the underlying securities would be accounted for under the equity method in ASC 323 or the fair value option in accordance with ASC 825. The ASU is effective for interim and annual reporting periods beginning after December 15, 2020. Early adoption is permitted, including adoption in any interim period. The adoption of this ASU did not have a material effect on the Company’s consolidated financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2023
Summary of Significant Accounting Policies [Abstract]
Schedule of Consolidated Financial Statements	The consolidated financial statements reflect the activities of the following subsidiaries. All material intercompany transactions and balances have been eliminated. Subsidiaries Place incorporated Ownership CACM New York, USA 100 % Color Sky (1) Hong Kong 100 % Modern Pleasure (2) Hong Kong 100 % Color Metaverse Singapore 100 % Color Star Ohio Ohio, USA 100 % DMCC United Arab Emirates 100 % (1) Disposed on February 3, 2023 (2) Dissolved on December 16, 2022
Schedule of Disaggregated Information of Revenues	Disaggregated information of revenues by services are as follows: For the Years Ended June 30, 2023 2022 2021 Online music education academy subscription $ - $ 16,519,081 $ 4,453,957 Online concert subscription - - 2,330,000 Total revenue $ - $ 16,519,081 $ 6,783,957
Schedule of Estimated Useful Lives of Assets	The estimated useful lives of assets are as follows: Useful life Office equipment 5 years

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Jun. 30, 2023
Accounts Receivable,Net [Abstract]
Schedule of accounts receivable	Accounts receivable consisted of the following: June 30, June 30, Color World platform subscription fees due from App payment collections agent $ 2,350,811 $ 2,507,981 Allowance for credit losses (2,350,811 ) - Accounts receivable, net $ - $ 2,507,981

Other Receivables, Net (Tables)

Other Receivables, Net (Tables)	12 Months Ended
	Jun. 30, 2023
Other Receivables Net [Abstract]
Schedule of other receivables	Other receivables consisted of the following: June 30, June 30, Others $ 332 $ - Receivables from vendors upon cancellation of concerts 13,000,000 - Receivable from sale of equipment - 6,819,050 Other receivables 13,000,332 6,819,050 Allowance for credit losses (7,500,000 ) - Other receivables, net $ 5,500,332 $ 6,819,050

Prepayments (Tables)

Prepayments (Tables)	12 Months Ended
	Jun. 30, 2023
Prepayments [Abstract]
Schedule of Prepayments Non-Current	Prepayments, current, consisted of the following: June 30, June 30, Prepayment for live concert productions $ 10,286,550 $ 8,000,000 Prepayment for online concert productions - 5,000,000 Prepayment for advertisement - 4,666,664 Prepayment for transportation services 20,676 - Prepayments and advances $ 10,307,226 $ 17,666,664
Schedule of Prepayments Non-Current	Prepayments, non-current, consisted of the following: June 30, June 30, Prepayment for transportation services $ 12,061 $ -

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	12 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	Property, plant and equipment consist of the following: June 30, June 30, Office equipment $ 39,602 $ 39,602 Less: Accumulated depreciation (22,574 ) (9,374 ) Property, plant and equipment, net $ 17,028 $ 30,228

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
	Jun. 30, 2023
Intangible Assets, Net [Abstract]
Schedule of Intangible Assets	Intangible assets consist of the following: June 30, June 30, Copyrights of online education academy courses $ 16,600,000 $ 32,198,770 Less: Accumulated amortization (2,633,917 ) (6,631,812 ) Intangible assets, net $ 13,966,083 $ 25,566,958

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Jun. 30, 2023
Related party transactions [Abstract]
Schedule of other payables - related party	Name of Related Party Relationship Nature June 30, June 30, Weili He Former Chief Financial Officer (“CFO”) of the Company who held less than 5% of the Company ordinary shares currently Salary Payable $ - $ 10,711 Hui Xu General Manager of CACM Interest-free loan, due on demand 580,000 350,000 Jehan Zeb Khan Director and Former Co-Acting CEO of the Company Interest-free loan, due on demand - 2,173 Total $ 580,000 $ 362,884

Accounts Payable (Tables)

Accounts Payable (Tables)	12 Months Ended
	Jun. 30, 2023
Accounts Payable [Abstract]
Schedule of Accounts Payable	June 30, June 30, Royal fees payable $ 3,270,945 $ 3,770,945

Leases (Tables)

Leases (Tables)	12 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of Lease Obligations	The one-year maturity of the Company’s lease obligations is presented below: Year Ending June 30, Operating 2023 $ 3,915 Total lease payments $ 3,915

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2023
Income Taxes [Abstract]
Schedule of Income (Loss) Before Provision for Income Taxes	Income (loss) before provision for income taxes consisted of: For the For the For the Cayman $ (7,186,161 ) $ (8,837,141 ) $ (7,120,310 ) United States (527,712 ) (617,057 ) (541,744 ) Hong Kong (9,114,811 ) (67,753,920 ) (576,459 ) Dubai (21,020,981 ) - - Loss before provision for income taxes $ (37,849,665 ) $ (77,208,118 ) $ (8,238,513 )
Schedule of Effective Income Tax Rate	The following table reconciles the U.S. statutory rates to the Company’s effective tax rate for the years ended June 30, 2023, 2022 and 2021: For the For the For the Federal statutory rate 21.0 % 21.0 % 21.0 % State statutory rate 5.8 % 5.6 % 5.6 % Valuation allowance (5.4 )% (26.6 )% (26.6 )% Removal of valuation allowance in disposed subsidiary 29.8 % - % - % Others (1) (21.4 )% - % - % Effective tax rate 0.0 % 0.0 % 0.0 % (1) These items represent expenses incurred in Cayman and it is not deductible in U.S. federal and state tax returns.
Schedule of Components of Deferred Tax Assets	Significant components of deferred tax assets were as follows: June 30, June 30, Deferred tax assets Net operating loss carryforward in the U.S. 576,046 442,051 Net operating loss carryforward in the United Arab Emirates 1,891,888 - Net operating loss carryforward in Hong Kong - 11,274,650 Valuation allowance (2,467,934 ) (11,716,701 ) Total net deferred tax assets $ - $ -

Shareholders_ Equity (Tables)

Shareholders’ Equity (Tables)	12 Months Ended
	Jun. 30, 2023
Shareholders’ equity [Abstract]
Schedule of Restricted Stock Grants	Following is a summary of the restricted stock grants: Restricted stock grants Shares Weighted Aggregate Unvested as of June 30, 2020 13,875 $ 82.40 $ - Forfeited (3,000 ) $ 2.57 - Granted 17,500 $ 55.60 - Vested (16,229 ) $ 74.80 - Unvested as of June 30, 2021 12,146 $ 56.00 - Forfeited (3,750 ) $ 44.80 - Granted 8,000 $ 10.80 - Vested (11,750 ) $ 48.40 - Unvested as of June 30, 2022 4,646 $ 7.20 - Forfeited (2,396 ) $ 5.20 - Granted 60,500 $ 2.04 - Vested (28,833 ) $ 3.00 - Unvested as of June 30, 2023 33,917 $ 1.69 -
Schedule of Warrant Activity	The summary of warrant activity is as follows: Warrants Weighted Average June 30, 2020 133,182 $ 11.60 5.31 Granted 849,407 $ 42.80 3.48 Forfeited - $ - - Exercised (341,432 ) $ 15.20 - June 30, 2021 641,157 $ 49.60 3.08 Granted 1,215,788 $ 52.00 4.02 Forfeited - $ - - Exercised (3,775 ) $ 22.00 - June 30, 2022 1,853,170 $ 35.20 3.00 Granted 1,793,125 $ 3.20 4.95 Forfeited - $ - - Exercised (421,312 ) $ 1.21 June 30, 2023 3,224,983 $ 16.75 3.30

Loss Per Shares (Tables)

Loss Per Shares (Tables)	12 Months Ended
	Jun. 30, 2023
Loss Per Shares [Abstract]
Schedule of Computation of Basic and Diluted Loss Per Share	The following tables set forth the computation of basic and diluted loss per share of Class A ordinary shares and Class B ordinary shares: For the For the For the Class A Class B Class A Class A Basic and diluted loss per share: Numerator Allocation of undistributed loss $ (36,519,400 ) $ (1,330,265 ) $ (77,208,118 ) $ (8,238,513 ) Denominator Number of shares used in per share computation 8,845,046 322,192 3,880,561 1,702,387 Basic and diluted loss per share $ (4.13 ) $ (4.13 ) $ (19.90 ) $ (4.84 )

Organization and Description _2

Organization and Description of Business (Details) ¥ in Millions				1 Months Ended	12 Months Ended
	Jun. 29, 2021 USD ($)	Mar. 10, 2020	Aug. 20, 2018	Jan. 23, 2023 AED (د.إ) shares	Jun. 30, 2023 USD ($)	Sep. 14, 2023 CNY (¥)	Aug. 09, 2023	Aug. 11, 2022	Jun. 03, 2020 shares	May 07, 2020 USD ($) shares
Organization and Description of Business (Details) [Line Items]
Outstanding equity interest percentage	80%
Outstanding equity consideration (in Dollars)	$ 100
Other nonoperating income (in Dollars)					$ 2,844
Ownership percentage								100%
Subsequent Event [Member]
Organization and Description of Business (Details) [Line Items]
Ownership percentage						100%
Registered capital (in Yuan Renminbi) | ¥						¥ 5
Subsequent Event [Member] | Model Queen Limited [Member]
Organization and Description of Business (Details) [Line Items]
Ownership percentage							100%
CACM Group [Member]
Organization and Description of Business (Details) [Line Items]
Incorporate of percentage			100%
Net profits or loss percentage		80%
Baydolphin [Member]
Organization and Description of Business (Details) [Line Items]
Incorporate of percentage		100%
Net profits or loss percentage		20%
Color China [Member]
Organization and Description of Business (Details) [Line Items]
Ordinary shares issued (in Shares) | shares									115,834	115,834
Aggregate payment to sellers (in Dollars)										$ 2,000,000
Color star DMCC [Member]
Organization and Description of Business (Details) [Line Items]
Ownership percentage				100%
Divided (in Dirhams) | د.إ				د.إ 50,000
Divided shares (in Shares) | shares				50
Nominal value (in Dirhams) | د.إ				د.إ 1,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Summary of Significant Accounting Policies (Details) [Line Items]
Accumulated deficit	$ (185,220,028)	$ (147,370,363)
Net loss	$ (37,849,665)	(77,208,118)	$ (8,238,513)
Unlimited useful life	5 years
Impairment charges	$ 9,357,062		$ 99,943
Percentage of tax realized upon ultimate settlement	50%
Minimum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Residual value, percentage	0%
Maximum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Residual value, percentage	5%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of Consolidated Financial Statements	12 Months Ended
	Jun. 30, 2023
Condensed Financial Statements, Captions [Line Items]
Place incorporated	United Arab Emirates
Ownership percentage	100%
CACM [Member]
Condensed Financial Statements, Captions [Line Items]
Place incorporated	New York, USA
Ownership percentage	100%
Color Sky [Member]
Condensed Financial Statements, Captions [Line Items]
Place incorporated	Hong Kong	[1]
Ownership percentage	100%	[1]
Modern Pleasure[Member]
Condensed Financial Statements, Captions [Line Items]
Place incorporated	Hong Kong	[2]
Ownership percentage	100%	[2]
Color Metaverse [Member]
Condensed Financial Statements, Captions [Line Items]
Place incorporated	Singapore
Ownership percentage	100%
Color Star Ohio [Member]
Condensed Financial Statements, Captions [Line Items]
Place incorporated	Ohio, USA
Ownership percentage	100%
[1] Disposed on February 3, 2023 Dissolved on December 16, 2022

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of Disaggregated Information of Revenues - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenue		$ 16,519,081	$ 6,783,957
Online music education academy subscription [Member]
Disaggregation of Revenue [Line Items]
Total revenue		16,519,081	4,453,957
Online concert subscription [Member]
Disaggregation of Revenue [Line Items]
Total revenue			$ 2,330,000

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of Assets	Jun. 30, 2023
Office equipment [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Useful life	5 years

Discontinued Operations (Detail

Discontinued Operations (Details) $ in Millions	12 Months Ended
	Jun. 30, 2023 USD ($)
Discontinued Operations (Details) [Line Items]
Cash consideration	$ 2.4
Sunway Kids [Member]
Discontinued Operations (Details) [Line Items]
Disposition of purchase agreement, description	The SK Purchaser settled $1.0 million of its payment obligation in November 2020 through a tri-party settlement agreement executed on September 29, 2020 among the Company, SK Purchaser and the Asset Seller. Although the SK Purchaser is current with its installment payment, the Company recognized the remaining installment payment on a cash basis as collectability of the remaining $1.4 million cannot be reasonably assured during the year ended June 30, 2020. During the year ended June 30, 2021, the Company received the remaining $1.4 million. As a result, the disposition of Sunway Kids resulted in the recognition of a gain of approximately $1.4 million that is recorded in the accompanying consolidated statements of operations in the caption of “net gain on sale of discontinued operations, net of applicable income taxes” during the year ended June 30, 2021.

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Accounts Receivable,Net [Abstract]
Provision for allowance on credit losses	$ 2,350,811

Accounts Receivable, Net (Det_2

Accounts Receivable, Net (Details) - Schedule of accounts receivable - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Schedule of Accounts Receivable [Abstract]
Color World platform subscription fees due from App payment collections agent	$ 2,350,811	$ 2,507,981
Allowance for credit losses	(2,350,811)
Accounts receivable, net		$ 2,507,981

Other Receivables, Net (Details

Other Receivables, Net (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Other Receivables Net [Abstract]
Provision for allowance on credit losses	$ 7,500,000

Other Receivables, Net (Detai_2

Other Receivables, Net (Details) - Schedule of Other receivables - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Schedule of other receivables [Abstract]
Others	$ 332
Receivables from vendors upon cancellation of concerts	13,000,000
Receivable from sale of equipment		6,819,050
Other receivables	13,000,332	6,819,050
Allowance for credit losses	(7,500,000)
Other receivables, net	$ 5,500,332	$ 6,819,050

Prepayments (Details) - Schedul

Prepayments (Details) - Schedule of Prepayments, Current - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Schedule of prepayments, current [Abstract]
Prepayment for live concert productions	$ 10,286,550	$ 8,000,000
Prepayment for online concert productions		5,000,000
Prepayment for advertisement		4,666,664
Prepayment for transportation services	20,676
Prepayments and advances	$ 10,307,226	$ 17,666,664

Prepayments (Details) - Sched_2

Prepayments (Details) - Schedule of Prepayments Non-Current - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Schedule Of Prepayments Non Current Abstract
Prepayment for transportation services	$ 12,061

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 13,200	$ 1,445,573	$ 1,536,178
Gain on disposal of equipment		$ 94,984

Property, Plant and Equipment_4

Property, Plant and Equipment, Net (Details) - Schedule of property, plant and equipment - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation	$ (22,574)	$ (9,374)
Property, plant and equipment, net	17,028	30,228
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Total	$ 39,602	$ 39,602

Intangible Assets, Net (Details

Intangible Assets, Net (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Intangible Assets, Net [Abstract]
Amortization expense	$ 5,843,813	$ 4,450,895	$ 2,180,917

Intangible Assets, Net (Detai_2

Intangible Assets, Net (Details) - Schedule of Intangible Assets - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Schedule of intangible assets [Abstract]
Copyrights of online education academy courses	$ 16,600,000	$ 32,198,770
Less: Accumulated amortization	(2,633,917)	(6,631,812)
Intangible assets, net	$ 13,966,083	$ 25,566,958

Related Party Transactions (Det

Related Party Transactions (Details) - Schedule of other payables - related party - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Related Party Transaction [Line Items]
Other payables & related party	$ 580,000	$ 362,884
Weili He [Member]
Related Party Transaction [Line Items]
Relationship	Former Chief Financial Officer (“CFO”) of the Company who held less than 5% of the Company ordinary shares currently
Nature	Salary Payable
Other payables & related party		10,711
Hui Xu [Member]
Related Party Transaction [Line Items]
Relationship	General Manager of CACM
Nature	Interest-free loan, due on demand
Other payables & related party	$ 580,000	350,000
Jehan Zeb Khan [Member]
Related Party Transaction [Line Items]
Relationship	Director and Former Co-Acting CEO of the Company
Nature	Interest-free loan, due on demand
Other payables & related party		$ 2,173

Accounts Payable (Details) - Sc

Accounts Payable (Details) - Schedule of Accounts Payable - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Schedule of Accounts Payable [Abstract]
Royal fees payable	$ 3,270,945	$ 3,770,945

Leases (Details)

Leases (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	May 31, 2022
Leases [Abstract]
Annual payments	$ 46,896
Rental fee	3,300	$ 7,829		$ 2,886
Operating lease expenses	$ 77,751	$ 65,580	$ 71,000

Leases (Details) - Schedule of

Leases (Details) - Schedule of Lease Obligations	12 Months Ended
	Jun. 30, 2023 USD ($)
Schedule of lease obligations [Abstract]
2023	$ 3,915
Total lease payments	$ 3,915

Income Taxes (Details)

Income Taxes (Details)	12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 AED (د.إ)	Jun. 30, 2023 SGD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2023 AED (د.إ)	Jun. 30, 2023 SGD ($)	Jun. 30, 2020 USD ($)
Income Taxes (Details) [Line Items]
Federal statutory income tax rate	21%	21%	21%	21%	21%
State	5.80%	5.80%	5.80%	5.60%	5.60%
Effective tax rate	(21.40%)	(21.40%)	(21.40%)
Net operating loss carryforward	$ 21,000,000			$ 0
Percentage of future taxable income for unlimited years	80%	80%	80%
Deferred tax asset allowance, percentage	(5.40%)	(5.40%)	(5.40%)	(26.60%)	(26.60%)
Deferred tax assets	$ 576,000			$ 442,000
Net deferred tax assets	1,900,000			0
Increased decreased in valuation allowance	$ 2,467,934			11,716,701
Maximum [Member]
Income Taxes (Details) [Line Items]
Increased decreased in valuation allowance					$ 11,342,917			$ 9,248,767
Minimum [Member]
Income Taxes (Details) [Line Items]
Increased decreased in valuation allowance					$ 373,784			$ 11,716,701
Hong Kong [Member]
Income Taxes (Details) [Line Items]
Federal statutory income tax rate	16.50%	16.50%	16.50%
Net operating loss carryforward	$ 0			$ 68,300,000
CACM and Baytao [Member]
Income Taxes (Details) [Line Items]
Federal statutory income tax rate	21%	21%	21%
State				7.30%
Effective tax rate					26.80%
Net operating loss carryforward	$ 2,100,000			$ 1,500,000
Deferred tax asset allowance, percentage	100%	100%	100%
DMCC [Member]
Income Taxes (Details) [Line Items]
Deferred tax asset allowance, percentage	100%	100%	100%
Business Combination [Member]
Income Taxes (Details) [Line Items]
Business combination, description	The net operating loss carry forwards are available to reduce future years’ taxable income for unlimited years. Management believes that the realization of the benefits from these losses appears uncertain due to the Company’s operating history and continued losses in Hong Kong. If the Company is unable to generate taxable income in its Hong Kong operations, it is more likely than not that it will not have sufficient income to utilize its deferred tax assets. Accordingly, the Company has provided a 100% valuation allowance on its net deferred tax assets of $0 and approximately $11.3 million related to its Hong Kong operations as of June 30, 2023 and 2022, respectively.	The net operating loss carry forwards are available to reduce future years’ taxable income for unlimited years. Management believes that the realization of the benefits from these losses appears uncertain due to the Company’s operating history and continued losses in Hong Kong. If the Company is unable to generate taxable income in its Hong Kong operations, it is more likely than not that it will not have sufficient income to utilize its deferred tax assets. Accordingly, the Company has provided a 100% valuation allowance on its net deferred tax assets of $0 and approximately $11.3 million related to its Hong Kong operations as of June 30, 2023 and 2022, respectively.	The net operating loss carry forwards are available to reduce future years’ taxable income for unlimited years. Management believes that the realization of the benefits from these losses appears uncertain due to the Company’s operating history and continued losses in Hong Kong. If the Company is unable to generate taxable income in its Hong Kong operations, it is more likely than not that it will not have sufficient income to utilize its deferred tax assets. Accordingly, the Company has provided a 100% valuation allowance on its net deferred tax assets of $0 and approximately $11.3 million related to its Hong Kong operations as of June 30, 2023 and 2022, respectively.
Color Metaverse [Member]
Income Taxes (Details) [Line Items]
Effective tax rate	75%	75%	75%
Color Metaverse [Member]
Income Taxes (Details) [Line Items]
Federal statutory income tax rate	17%	17%	17%
Effective tax rate	50%	50%	50%
Taxable income	$ 8,000		$ 10,000
Taxable income exempted from income tax	$ 100,000						$ 190,000
Color DMCC [Member]
Income Taxes (Details) [Line Items]
Federal statutory income tax rate	9%	9%	9%
Taxable income	$ 100,000	د.إ 375,000
Taxable income exempted from income tax	$ 100,000					د.إ 375,000

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of Income (Loss) Before Provision for Income Taxes - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Taxes (Details) - Schedule of Income (Loss) Before Provision for Income Taxes [Line Items]
Loss before provision for income taxes	$ (37,849,665)	$ (77,208,118)	$ (8,238,513)
Cayman [Member]
Income Taxes (Details) - Schedule of Income (Loss) Before Provision for Income Taxes [Line Items]
Income (loss) before provision for income taxes	(7,186,161)	(8,837,141)	(7,120,310)
United States [Member]
Income Taxes (Details) - Schedule of Income (Loss) Before Provision for Income Taxes [Line Items]
Income (loss) before provision for income taxes	(527,712)	(617,057)	(541,744)
Hong Kong [Member]
Income Taxes (Details) - Schedule of Income (Loss) Before Provision for Income Taxes [Line Items]
Income (loss) before provision for income taxes	(9,114,811)	(67,753,920)	(576,459)
Dubai [Member]
Income Taxes (Details) - Schedule of Income (Loss) Before Provision for Income Taxes [Line Items]
Income (loss) before provision for income taxes	$ (21,020,981)

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of Effective Income Tax Rate	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Schedule of effective income tax rate [Abstract]
Federal statutory rate	21%	21%	21%
State statutory rate	5.80%	5.60%	5.60%
Valuation allowance	(5.40%)	(26.60%)	(26.60%)
Removal of valuation allowance in disposed subsidiary	29.80%
Others	(21.40%)
Effective tax rate	0%	0%	0%

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of Components of Deferred Tax Assets - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Deferred tax assets
Net operating loss carryforward in the U.S.	$ 576,046	$ 442,051
Net operating loss carryforward in the United Arab Emirates	1,891,888
Net operating loss carryforward in Hong Kong		11,274,650
Valuation allowance	(2,467,934)	(11,716,701)
Total net deferred tax assets

Shareholders_ Equity (Details)

Shareholders’ Equity (Details) - USD ($)

1 Months Ended

12 Months Ended

13 Months Ended

Sep. 09, 2020

May 31, 2023

Mar. 31, 2023

Dec. 31, 2022

Nov. 30, 2022

Jun. 30, 2022

Apr. 30, 2022

Mar. 31, 2022

Jan. 21, 2022

Dec. 31, 2021

Aug. 31, 2021

Jun. 30, 2021

Mar. 31, 2021

Feb. 28, 2021

Feb. 18, 2021

Jan. 31, 2021

Dec. 31, 2020

Oct. 31, 2020

Sep. 30, 2020

Aug. 31, 2020

Jul. 31, 2020

Jun. 30, 2020

Jan. 31, 2020

Jun. 30, 2023

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2020

Mar. 24, 2023

Apr. 30, 2023

Feb. 28, 2023

Mar. 27, 2021

Mar. 25, 2021

Jun. 03, 2020

May 07, 2020

Shareholders’ Equity (Details) [Line Items]

Increase in authorized shares, description

On November 18, 2020, the Company’s shareholders approved to the authorized share capital of the Company be increased from US$75,000 divided into 75,000,000 ordinary shares of a par value of US$0.001 each to US$200,000 divided into 200,000,000 ordinary shares of a par value of US$0.001 each by the creation of an additional 125,000,000 ordinary shares of a par value of US$0.001 each to rank pari passu in all respects with the existing ordinary shares. On December 1, 2021, the Company’s shareholders approved to the authorized share capital of the Company be increased from US$200,000 divided into 200,000,000 ordinary shares of a par value of US$0.001 each to US$800,000 divided into 800,000,000 ordinary shares of a par value of US$0.001 each by the creation of an additional 600,000,000 ordinary shares of a par value of US$0.001 each to rank pari passu in all respects with the existing ordinary shares.

Shares of common stock (in Shares)

400,000

Divided

$ 32,000,000

Dividend common stock

$ 800,000,000

Ordinary shares, par value (in Dollars per share)

$ 0.04

Class B Ordinary Shares (in Shares)

700,000,000

Stock price per share (in Dollars per share)

$ 5,490

$ 81,800

Gross proceeds

$ 510,000

$ 31,000

$ 5,200,000

Ordinary shares of per shares (in Dollars per share)

$ 40

Securities purchase agreement, description

the Company entered into a securities purchase agreement (the “SPA 3”) with certain institutional investors for a registered direct offering of Class A ordinary shares and warrants. Each unit consists of one Class A ordinary share and one warrant to purchase one Class A ordinary share. The purchase price per unit is $3.20. The gross proceeds from the sale of the securities, before deducting placement agent fees and other estimated offering expenses payable by the Company, was approximately $5.6 million. The Company issued to the investors an aggregate of 1,750,000 Class A ordinary shares and warrants to purchase an aggregate of 1,750,000 Class A ordinary shares. The Investor Warrants are initially exercisable at $3.20 per Class A Ordinary Share and expire 5.0 years from the date of issuance. Pursuant to a placement agent agreement entered into between the Company and FT Global Capital, Inc. (“FT Global”) dated September 24, 2021 (the “September 2021 PAA”), the Company issued to FT Global warrants (the “Tail Fee Warrants”) to purchase 43,125 Class A Ordinary Shares on substantially the same terms as the Investor Warrants sold in SPA 3, except that the Tail Fee Warrants shall not be exercisable for a period of six months and shall expire 36 months after issuance, and shall have no anti-dilution protection other than adjustments based on stock splits, stock dividends, combinations of shares and similar recapitalization transactions. The net proceeds from this offering will be used for general corporate and working capital purposes. The Offering closed on September 19, 2022.

Restricted common stock, shares (in Shares)

1,800,000

1,500,000

421,312

weighted exercise price

$ 3,312,000

$ 1,065,000

Aggregate amount

$ 3,000

$ 50,000

Aggregate shares of common stock (in Shares)

197,500

300,000

Shares of common stock, fair value

$ 2,830,120

4,165,035

4,096,500

Closing price (in Dollars per share)

$ 1.56

$ 1.84

$ 0.71

$ 0.8

Amortization of deferred stock compensation

$ 308,100

$ 240,000

Stock compensation expense

$ 4,200,000

$ 4,100,000

$ 2,800,000

Converted total (in Shares)

341,432

Warrant Total (in Shares)

341,432

Weighted exercise price (in Dollars per share)

$ 15.2

$ 1.21

$ 15.2

Converted warrants (in Shares)

421,312

3,775

Warrants, description

the Company and certain institutional investors entered into a SPA 1, pursuant to which the Company agreed to sell such institutional investors units with each unit consisting of one Class A ordinary share and one warrant to purchase 0.7 Class A ordinary share, at a purchase price of $27.20 per unit, for net proceeds of approximately $19.2 million (the “Offering”). An aggregate of 790,624 Class A ordinary shares and warrants to purchase an aggregate of 553,437 Class A ordinary shares (the “Investor Warrants”) were agreed to be issued to the investors under the SPA 1. The Company issued a warrant to purchase 23,719 Class A ordinary shares to the placement agent (the “Placement Agent Warrants”). The Investor Warrants and Placement Agent Warrants are initially exercisable at $40.00 per Class A Ordinary Share and expire 3.0 years from the date of issuance. The fair value of the Investor Warrants and Placement Agent Warrants were $9,123,701, which was considered a direct cost of the sale of SPA and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $22.40, risk free rate of 0.55%; expected term of 3.0 years; exercise price of the warrants of $40.00, volatility of 140%; and expected future dividends of 0%.

Purchaser an Aggregate [Member]

Shareholders’ Equity (Details) [Line Items]

Shares of common stock (in Shares)

794

79,366

Stock price per share (in Dollars per share)

$ 25.2

Offering cost

$ 40,000

Gross proceeds

$ 2,000,000

Installment due amount

$ 500,000

Ordinary shares issued (in Shares)

19,842

Total proceeds

$ 460,000

Warrant [Member]

Shareholders’ Equity (Details) [Line Items]

Shares of common stock (in Shares)

80,625

Total proceeds

$ 3,800,000

Ordinary shares, issued (in Shares)

52,407

Offering cost

$ 400,000

Warrant [Member] | Minimum [Member]

Shareholders’ Equity (Details) [Line Items]

Warrant exercise price (in Dollars per share)

$ 52

Warrant [Member] | Maximum [Member]

Shareholders’ Equity (Details) [Line Items]

Warrant exercise price (in Dollars per share)

$ 60

Warrant One [Member]

Shareholders’ Equity (Details) [Line Items]

Shares of common stock (in Shares)

330,000

Total proceeds

$ 6,000,000

Offering cost

$ 600,000

Warrant One [Member] | Minimum [Member]

Shareholders’ Equity (Details) [Line Items]

Warrant exercise price (in Dollars per share)

$ 22

Warrant One [Member] | Maximum [Member]

Shareholders’ Equity (Details) [Line Items]

Warrant exercise price (in Dollars per share)

$ 20

Direct Offering Warrants [Member]

Shareholders’ Equity (Details) [Line Items]

Increase in authorized shares, description

On March 10, 2022, the Board of Directors of the Company approved the 40-for-1 reverse share split of its ordinary shares in accordance with Cayman law and on April 11, 2022, the Company’s shareholders approved the proposal to implement a reverse share split of the Company’s ordinary shares, par value US$0.001 per share, including the Company’s ordinary shares reserved for issuance (the “Original Ordinary Shares”), at a ratio of forty (40)-for-one and at a time during the following six months to be determined by further action of our Board of Directors (or not at all in the determination of the Board of Directors during the same period), such that each 40 Original Ordinary Shares shall be consolidated into one ordinary share of the Company, par value US$0.04 (the “Adjusted Ordinary Shares”), and that the authorized share capital of the Company is consolidated from US$800,000 divided into 800,000,000 Original Ordinary Shares to US$800,000 divided into 20,000,000 Adjusted Ordinary Shares. The Company’s shareholders also approved the proposal to increase the authorized share capital of the Company at a time during the following six months to be determined by further action of the Company’s Board of Directors (or not at all in the determination of the Board of Directors during the same period) from US$800,000 divided into 20,000,000 Adjusted Ordinary Shares to US$32,000,000 divided into 800,000,000 Adjusted Ordinary Shares by the creation of an additional 780,000,000 Adjusted Ordinary Shares to rank pari passu in all respects with the Adjusted Ordinary Shares existing upon approval of the Reverse Split Proposal. The increase in authorized shares and shares reverse split became effective on September 26, 2022.

Conversion of Warrants Ordinary Shares [Member]

Shareholders’ Equity (Details) [Line Items]

Restricted common stock, shares (in Shares)

3,775

Weighted exercise price (in Dollars per share)

$ 8.34

$ 8.34

Class A Ordinary Shares [Member]

Shareholders’ Equity (Details) [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

[1]

$ 0.04

[1]

$ 0.04

[1]

$ 0.04

Class B Ordinary Shares (in Shares)

[1]

700,000,000

700,000,000

700,000,000

Class A Ordinary Shares (in Shares)

2,758,920

[1]

14,991,012

[1]

2,758,920

[1]

1,200,000

Closing price (in Dollars per share)

$ 1.31

Class B Ordinary Shares [Member]

Shareholders’ Equity (Details) [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

[1]

$ 0.04

[1]

$ 0.04

[1]

$ 0.04

Class B Ordinary Shares (in Shares)

100,000,000

[1]

100,000,000

[1]

100,000,000

[1]

100,000,000

Class A Ordinary Shares (in Shares)

[1]

0

1,200,000

0

SAP [Member]

Shareholders’ Equity (Details) [Line Items]

Shares of common stock (in Shares)

500,000

Ordinary shares, par value (in Dollars per share)

$ 0.04

Offering cost

$ 26,000,000

Warrant exercise price (in Dollars per share)

$ 1.34

SAP [Member] | Minimum [Member]

Shareholders’ Equity (Details) [Line Items]

Stock price per share (in Dollars per share)

52

SAP [Member] | Maximum [Member]

Shareholders’ Equity (Details) [Line Items]

Stock price per share (in Dollars per share)

$ 53.6

Chief Executive Officer [Member]

Shareholders’ Equity (Details) [Line Items]

Stock price per share (in Dollars per share)

$ 36,000

Aggregate amount

$ 7,500

Board Granted [Member]

Shareholders’ Equity (Details) [Line Items]

Restricted common stock, shares (in Shares)

17,500

weighted exercise price

$ 441,000

Aggregate shares of common stock (in Shares)

39,750

Shares of common stock, fair value

$ 1,128,900

Closing price (in Dollars per share)

$ 28.4

$ 25.2

Stock compensation expense

$ 6,000,000

$ 0

$ 500,000

Thirteen Employees [Member]

Shareholders’ Equity (Details) [Line Items]

Aggregate shares of common stock (in Shares)

54,000

Shares of common stock, fair value

$ 1,836,000

Closing price (in Dollars per share)

$ 34

Nine Employees [Member]

Shareholders’ Equity (Details) [Line Items]

Aggregate shares of common stock (in Shares)

34,500

Shares of common stock, fair value

$ 1,131,600

Closing price (in Dollars per share)

$ 32.8

Twenty-one employees [Member]

Shareholders’ Equity (Details) [Line Items]

Aggregate shares of common stock (in Shares)

93,875

Shares of common stock, fair value

$ 3,030,285

Closing price (in Dollars per share)

$ 32.28

Twenty employees [Member]

Shareholders’ Equity (Details) [Line Items]

Aggregate shares of common stock (in Shares)

106,250

Closing price (in Dollars per share)

$ 10.68

Amortization of deferred stock compensation

$ 1,134,750

SPA 1 [Member]

Shareholders’ Equity (Details) [Line Items]

Securities purchase agreement

On September 24, 2021, the Company and certain institutional investors entered into a securities purchase agreement (“SPA 1”), pursuant to which the Company agreed to sell such institutional investors units with each unit consisting of one Class A ordinary share and one warrant to purchase 0.7 Class A ordinary share, at a purchase price of $27.20 per unit, for net proceeds of approximately $19.2 million (the “Offering”). An aggregate of 790,624 Class A ordinary shares and warrants to purchase an aggregate of 553,437 Class A ordinary shares (the “Investor Warrants”) were agreed to be issued to the investors under the SPA 1. The Offering closed on September 28, 2021.

Warrants, description

the Company entered into certain securities purchase agreement (the “SPA”) with certain non-U.S. Persons (the “Purchasers”) as defined in Regulation S of the Securities Act of 1933, as amended pursuant to which the Company agreed to sell an aggregate of 500,000 units. Each unit consists of one restrictive Class A ordinary share of the Company and a warrant (“SPA Warrants”) to purchase one share with an initial exercise price of $53.60 per share. The SPA Warrants are exercisable immediately upon the date of issuance at an initial exercise price of $53.60 per Share, for cash (the “Warrant Shares”). The SPA Warrants may also be exercised cashlessly if at any time after the three-month anniversary of the issuance date, there is no effective registration statement registering, or no current prospectus available for, the resale of the Warrant Shares. The SPA Warrants shall expire three years from its date of issuance. The SPA Warrants are subject to customary anti-dilution provisions reflecting stock dividends and splits or other similar transactions. The SPA Warrants are exercisable immediately, at an exercise price of $53.60 per Class A Ordinary Share and expire 3.0 years from the date of issuance. The fair value of the SPA Warrants was $15,898,047, which was considered a direct cost of the sale of SPA and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $42.40, risk free rate of 0.21%; expected term of 3.0 years; exercise price of the warrants of $53.60, volatility of 141%; and expected future dividends of 0%.

SPA 2 [Member]

Shareholders’ Equity (Details) [Line Items]

Warrants, description

the Company and certain institutional investors entered into a SPA 2, pursuant to which the Company agreed to sell such institutional investors units with each unit consisting of one Class A ordinary share and one warrant to purchase one Class A ordinary share, at a purchase price of $16.00 per unit, for net proceeds of approximately $8.7 million (the “Offering”) before deducting placement agent fees and other estimated offering expenses. An aggregate of 625,000 Class A ordinary shares and warrants to purchase an aggregate of 625,000 Class A ordinary shares (the “Investor Warrants”) were agreed to be issued to the investors under the SPA 2. The Investor Warrants are initially exercisable at $16.00 per Class A Ordinary Share and expire 5.0 years from the date of issuance. Pursuant to a placement agent agreement entered into between the Company and FT Global Capital, Inc. (“FT Global”) dated September 24, 2021 (the “September 2021 PAA”), the Company issued to FT Global warrants (the “Tail Fee Warrants”) to purchase 13,632 Class A Ordinary Shares on substantially the same terms as the Investor Warrants sold in SPA 2, except that the Tail Fee Warrants shall not be exercisable for a period of six months and shall expire 36 months after issuance, and shall have no anti-dilution protection other than adjustments based on stock splits, stock dividends, combinations of shares and similar recapitalization transactions. The fair value of the Investor Warrants were $5,008,524, which was considered a direct cost of the sale of SPA and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $9.20, risk free rate of 1.84%; expected term of 5.0 years; exercise price of the warrants of $16.00, volatility of 146%; and expected future dividends of 0%. The fair value of the Tail Fee Warrants were $92,251, which was considered a direct cost of the sale of SPA and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $9.20, risk free rate of 1.73%; expected term of 3.0 years; exercise price of the warrants of $16.00, volatility of 145%; and expected future dividends of 0%.

First Purchase Agreement [Member]

Shareholders’ Equity (Details) [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

Ordinary shares of per shares (in Dollars per share)

$ 52

First Purchase Agreement [Member] | First Private Placement [Member]

Shareholders’ Equity (Details) [Line Items]

Offering cost

$ 3,900,000

Ordinary shares, issued (in Shares)

75,500

Second Purchase Agreement [Member]

Shareholders’ Equity (Details) [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

Ordinary shares of per shares (in Dollars per share)

$ 52

Second Purchase Agreement [Member] | Second Private Placement [Member]

Shareholders’ Equity (Details) [Line Items]

Offering cost

$ 4,550,000

Ordinary shares, issued (in Shares)

87,500

Third Purchase Agreement [Member]

Shareholders’ Equity (Details) [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

Ordinary shares of per shares (in Dollars per share)

$ 52

Third Purchase Agreement [Member] | Third Private Placement [Member]

Shareholders’ Equity (Details) [Line Items]

Offering cost

$ 3,900,000

Ordinary shares, issued (in Shares)

75,000

Fourth Purchase Agreement [Member]

Shareholders’ Equity (Details) [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

Ordinary shares of per shares (in Dollars per share)

$ 52

Fourth Purchase Agreement [Member] | Fourth Private Placement [Member]

Shareholders’ Equity (Details) [Line Items]

Offering cost

$ 4,550,000

Ordinary shares, issued (in Shares)

87,500

Fifth Purchase Agreement [Member]

Shareholders’ Equity (Details) [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

Ordinary shares of per shares (in Dollars per share)

$ 52

Fifth Purchase Agreement [Member] | Fifth Private Placement [Member]

Shareholders’ Equity (Details) [Line Items]

Offering cost

$ 4,550,000

Ordinary shares, issued (in Shares)

87,500

Sixth Purchase Agreement [Member]

Shareholders’ Equity (Details) [Line Items]

Ordinary shares, par value (in Dollars per share)

$ 0.04

Ordinary shares of per shares (in Dollars per share)

$ 52

Sixth Purchase Agreement [Member] | Sixth Private Placement [Member]

Shareholders’ Equity (Details) [Line Items]

Offering cost

$ 4,550,000

Ordinary shares, issued (in Shares)

87,500

Restricted Stock [Member]

Shareholders’ Equity (Details) [Line Items]

Compensation expense related to restricted stock grants

$ 100,000

$ 600,000

$ 1,100,000

Restricted Stock [Member] | Chief Executive Officer [Member]

Shareholders’ Equity (Details) [Line Items]

Restricted common stock, shares (in Shares)

2,500

10,000

weighted exercise price

$ 11,200

Unvested restricted shares (in Shares)

3,750

Initial fair value

$ 168,000

Restricted Stock [Member] | Vice President [Member]

Shareholders’ Equity (Details) [Line Items]

weighted exercise price

$ 45,900

Third Party to Purchase Certain Machinery [Member]

Shareholders’ Equity (Details) [Line Items]

Shares of common stock (in Shares)

151,508

Closing price (in Dollars per share)

$ 34

$ 25.2

Third Party to Purchase Certain Copyrights [Member]

Shareholders’ Equity (Details) [Line Items]

Shares of common stock (in Shares)

45,371

Third-Party Individuals [Member]

Shareholders’ Equity (Details) [Line Items]

Shares of common stock (in Shares)

50,000

25,756

Stock price per share (in Dollars per share)

$ 40

Total proceeds

$ 2,000,000

Chief Executive Officer [Member] | Restricted Stock [Member]

Shareholders’ Equity (Details) [Line Items]

Restricted common stock, shares (in Shares)

7,500

weighted exercise price

$ 522,000

Ms. Lili Jiang [Member]

Shareholders’ Equity (Details) [Line Items]

Restricted common stock, shares (in Shares)

3,000

weighted exercise price

$ 27,360

Mr. Biao Lu [Member]

Shareholders’ Equity (Details) [Line Items]

Restricted common stock, shares (in Shares)

2,500

weighted exercise price

$ 13,000

Sunway Kids [Member]

Shareholders’ Equity (Details) [Line Items]

Shares of common stock (in Shares)

1,742,000

Amortization of deferred stock compensation

$ 2,282,020

Color China [Member]

Shareholders’ Equity (Details) [Line Items]

Shares of common stock (in Shares)

2,400,000

Class A Ordinary Shares (in Shares)

115,834

115,834

[1]Giving retroactive effect to the 40-for-1 reverse share split on September 26, 2022 and the alteration of the authorized issued share capital from ordinary shares into Class A and Class B ordinary shares on March 24, 2023

Shareholders_ Equity (Details)

Shareholders’ Equity (Details) - Schedule of Restricted Stock Grants - Restricted Stock [Member] - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Shareholders’ Equity (Details) - Schedule of Restricted Stock Grants [Line Items]
Shares, Unvested Beginning	4,646	12,146	13,875
Weighted Average Grant Date Fair Value Per Share, Unvested Beginning	$ 7.2	$ 56	$ 82.4
Aggregate Intrinsic Value, Unvested Beginning
Shares, Forfeited	(2,396)	(3,750)	(3,000)
Weighted Average Grant Date Fair Value Per Share, Forfeited	$ 5.2	$ 44.8	$ 2.57
Aggregate Intrinsic Value, Forfeited
Shares, Granted	60,500	8,000	17,500
Weighted Average Grant Date Fair Value Per Share, Granted	$ 2.04	$ 10.8	$ 55.6
Aggregate Intrinsic Value, Granted
Shares, Vested	(28,833)	(11,750)	(16,229)
Weighted Average Grant Date Fair Value Per Share, Vested	$ 3	$ 48.4	$ 74.8
Aggregate Intrinsic Value, Vested
Shares, Unvested Ending	33,917	4,646	12,146
Weighted Average Grant Date Fair Value Per Share, Unvested Ending	$ 1.69	$ 7.2	$ 56
Aggregate Intrinsic Value, Unvested Ending

Shareholders_ Equity (Details_2

Shareholders’ Equity (Details) - Schedule of Warrant Activity - Warrant [Member] - $ / shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Shareholders’ Equity (Details) - Schedule of Warrant Activity [Line Items]
Warrants Outstanding, Beginning balance	1,853,170	641,157	133,182
Weighted Average Exercise Price, Beginning balance	$ 35.2	$ 49.6	$ 11.6
Average Remaining Contractual Life, Beginning balance			5 years 3 months 21 days
Warrants Outstanding, Granted	1,793,125	1,215,788	849,407
Weighted Average Exercise Price, Granted	$ 3.2	$ 52	$ 42.8
Average Remaining Contractual Life, Granted	4 years 11 months 12 days	4 years 7 days	3 years 5 months 23 days
Warrants Outstanding, Forfeited
Weighted Average Exercise Price, Forfeited
Average Remaining Contractual Life, Forfeited
Warrants Outstanding, Exercised	(421,312)	(3,775)	(341,432)
Weighted Average Exercise Price, Exercised	$ 1.21	$ 22	$ 15.2
Average Remaining Contractual Life, Exercised
Warrants Outstanding, Ending balance	3,224,983	1,853,170	641,157
Weighted Average Exercise Price, Ending balance	$ 16.75	$ 35.2	$ 49.6
Average Remaining Contractual Life, Ending balance	3 years 3 months 18 days	3 years	3 years 29 days

Loss Per Shares (Details)

Loss Per Shares (Details) - shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Loss Per Shares [Abstract]
Dilutive securities	3,224,983	1,856,945	641,157

Loss Per Shares (Details) - Sch

Loss Per Shares (Details) - Schedule of Computation of Basic and Diluted Loss Per Share - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Class A Ordinary Shares [Member]
Loss Per Shares (Details) - Schedule of Computation of Basic and Diluted Loss Per Share [Line Items]
Allocation of undistributed loss	$ (36,519,400)	$ (77,208,118)	$ (8,238,513)
Number of shares used in per share computation	8,845,046	3,880,561	1,702,387
Basic and diluted loss per share	$ (4.13)	$ (19.9)	$ (4.84)
Class B Ordinary Shares [Member]
Loss Per Shares (Details) - Schedule of Computation of Basic and Diluted Loss Per Share [Line Items]
Allocation of undistributed loss	$ (1,330,265)
Number of shares used in per share computation	322,192
Basic and diluted loss per share	$ (4.13)

Loss Per Shares (Details) - S_2

Loss Per Shares (Details) - Schedule of Computation of Basic and Diluted Loss Per Share (Parentheticals) - $ / shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Class A Ordinary Shares [Member]
Loss Per Shares (Details) - Schedule of Computation of Basic and Diluted Loss Per Share (Parentheticals) [Line Items]
Diluted loss per share	$ (4.13)	$ (19.90)	$ (4.84)
Class B Ordinary Shares [Member]
Loss Per Shares (Details) - Schedule of Computation of Basic and Diluted Loss Per Share (Parentheticals) [Line Items]
Diluted loss per share	$ (4.13)

Concentrations of Risk (Details

Concentrations of Risk (Details)	12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 HKD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021
Concentrations of Risk (Details) [Line Items]
Deposited from banks (in Dollars)	$ 0		$ 300,000
Insurance coverage of each bank	$ 250,000	$ 500,000
Accounts payable percentage	100%	100%	100%
Vendor concentration risk percentage				89%
Hong Kong [Member]
Concentrations of Risk (Details) [Line Items]
Insurance coverage of each bank	$ 64,000
Vendors One [Member]
Concentrations of Risk (Details) [Line Items]
Vendor concentration risk percentage			60%
Vendors Two [Member]
Concentrations of Risk (Details) [Line Items]
Vendor concentration risk percentage			27%
Vendors Three [Member]
Concentrations of Risk (Details) [Line Items]
Vendor concentration risk percentage			13%

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)			1 Months Ended	12 Months Ended
	Nov. 08, 2023	Jul. 20, 2023	Jan. 21, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Apr. 30, 2023	Feb. 28, 2023
Subsequent Events (Details) [Line Items]
Rental fee				$ 8,600
Price per share							$ 5,490	$ 81,800
Number of shares issued			400,000
Purchase price per share			$ 40
Gross proceeds				$ 510,000	$ 31,000	$ 5,200,000
Subsequent Event [Member] | Common Class A [Member]
Subsequent Events (Details) [Line Items]
Shares issued		6,400,000
Price per share		$ 1.25
Total consideration		$ 8,000,000
Forecast [Member]
Subsequent Events (Details) [Line Items]
Gross proceeds	$ 280,000,000,000
Forecast [Member] | Common Class A [Member]
Subsequent Events (Details) [Line Items]
Price per share	$ 0.04
Number of shares issued	1,120,000
Purchase price per share	$ 0.25