Treasure Global (TGL) 10-K 30 Sep 24 2024 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Sep. 25, 2024	Dec. 30, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Financial Statement Error Correction [Flag]	false
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	false
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Information [Line Items]
Entity Registrant Name	Treasure Global Inc
Entity Central Index Key	0001905956
Entity File Number	001-41476
Entity Tax Identification Number	36-4965082
Entity Incorporation, State or Country Code	DE
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Public Float			$ 10.7
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	276 5th Avenue
Entity Address, Address Line Two	Suite 704 #739
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
Entity Phone Fax Numbers [Line Items]
City Area Code	+6012
Local Phone Number	643 7688
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $0.00001 per share
Trading Symbol	TGL
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		20,317,579

Audit Information

Audit Information	12 Months Ended
	Jun. 30, 2024
Auditor [Table]
Auditor Name	WWC, P.C.
Auditor Firm ID	1171
Auditor Location	California

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Jun. 30, 2024	Jun. 30, 2023
CURRENT ASSETS
Cash and cash equivalents		$ 200,013	$ 4,593,634
Investment in marketable securities		171,633
Accounts receivable, net			163,169
Inventories, net		27,467	400,543
Other receivables and other current assets, net		186,829	613,125
Prepayments		358,526	248,551
Total current assets		956,714	6,031,401
OTHER ASSETS
Property and equipment, net		173,678	279,600
Intangible assets, net		3,130,936
Operating lease right-of-use assets		17,257	61,377
Total other assets		3,321,871	340,977
TOTAL ASSETS		4,278,585	6,372,378
CURRENT LIABILITIES
Insurance loan		38,371	160,292
Convertible notes payable, net of unamortized discounts of $0 and $358,284 as of June 30, 2024 and 2023, respectively			4,791,716
Accounts payable		22,441	42,853
Customer deposits		70,080	161,475
Contract liability		188,748	157,080
Other payables and accrued liabilities		508,657	723,396
Operating lease liabilities		17,257	40,274
Income tax payables		42,456	67,546
Total current liabilities		895,109	6,472,575
NON-CURRENT LIABILITIES
Operating lease liabilities, non-current			22,036
Total non-current liabilities		2,743	30,135
TOTAL LIABILITIES		897,852	6,502,710
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY (DEFICIENCY)
Common stock, par value $0.00001; 170,000,000 shares authorized, 1,671,623 and 255,734 shares issued and outstanding as of June 30, 2024 and 2023, respectively*	[1]	17	3
Additional paid-in capital		41,171,827	31,485,733
Accumulated deficit		(38,030,074)	(31,443,451)
Accumulated other comprehensive income (loss)		238,963	(172,617)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIENCY)		3,380,733	(130,332)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIENCY)		4,278,585	6,372,378
Related Party
CURRENT ASSETS
Other receivable, a related party		12,246	12,379
CURRENT LIABILITIES
Related party loan, current portion		6,338	5,323
Other payables, related parties		761	1,660
Amount due to related parties			320,960
NON-CURRENT LIABILITIES
Related party loan, non-current portion		$ 2,743	$ 8,099
[1]Giving retroactive effect to the 1-for-70 reverse stock split effected on February 27, 2024

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)		Jun. 30, 2024	Jun. 30, 2023
Statement of Financial Position [Abstract]
Net of unamortized discounts (in Dollars)		$ 0	$ 358,284
Common stock, par value (in Dollars per share)	[1]	$ 0.00001	$ 0.00001
Common stock, shares authorized	[1]	170,000,000	170,000,000
Common stock, shares issued	[1]	1,671,623	255,734
Common stock, shares outstanding	[1]	1,671,623	255,734
[1]Giving retroactive effect to the 1-for-70 reverse stock split effected on February 27, 2024

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)		12 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
REVENUES		$ 22,066,829	$ 69,408,319
COST OF REVENUES		(21,250,767)	(68,885,035)
GROSS PROFIT		816,062	523,284
SELLING		(1,760,921)	(4,721,723)
GENERAL AND ADMINISTRATIVE		(4,511,488)	(4,670,030)
RESEARCH AND DEVELOPMENT		(513,524)	(549,065)
STOCK-BASED COMPENSATION		(93,111)	(819,332)
TOTAL OPERATING EXPENSES		(6,879,044)	(10,760,150)
LOSS FROM OPERATIONS		(6,062,982)	(10,236,866)
OTHER (EXPENSE) INCOME
Other (expense) income, net		102,514	(7,937)
Interest expense		(74,920)	(95,242)
Fair value loss on marketable securities		(828,367)
Other income from software developing service, net of cost		675,131
Amortization of debt discount		(358,284)	(1,290,050)
TOTAL OTHER EXPENSE, NET		(483,926)	(1,393,229)
LOSS BEFORE INCOME TAXES		(6,546,908)	(11,630,095)
PROVISION FOR INCOME TAXES		(39,715)	(97,616)
NET LOSS		(6,586,623)	(11,727,711)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments		411,580	(271,141)
COMPREHENSIVE LOSS		$ (6,175,043)	$ (11,998,852)
LOSS PER SHARE
Basic (in Dollars per share)	[1]	$ (7.67)	$ (49.18)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic (in Shares)	[1]	858,672	238,457
[1]Giving retroactive effect to the 1-for-70 reverse stock split effected on February 27, 2024

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Loss (Parentheticals) - $ / shares		12 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Diluted	[1]	$ (7.67)	$ (49.18)
Diluted	[1]	858,672	238,457
[1]Giving retroactive effect to the 1-for-70 reverse stock split effected on February 27, 2024

Consolidated Statements of Chan

Consolidated Statements of Change in Stockholders’ Equity (Deficiency) - USD ($)		COMMON STOCK		ADDITIONAL PAID IN CAPITAL	ACCUMULATED DEFICIT	ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	Total
Balance at Jun. 30, 2022		$ 2		$ 4,020,655	$ (19,715,740)	$ 98,524	$ (15,596,559)
Balance (in Shares) at Jun. 30, 2022	[1]	150,646
Beneficial conversion feature from issuance of convertible notes				749,062			749,062
Net loss					(11,727,711)		(11,727,711)
Issuance of common stock - non-employee stock compensation				819,332			819,332
Issuance of common stock - non-employee stock compensation (in Shares)	[1]	5,651
Conversion of convertible note payable		$ 1		14,476,366			14,476,367
Conversion of convertible note payable (in Shares)	[1]	59,288
Conversion of convertible note payable, related parties				2,437,574			2,437,574
Conversion of convertible note payable, related parties (in Shares)	[1]	5,047
Issuance of common stock in initial public offering, net of issuance costs				7,951,225			7,951,225
Issuance of common stock in initial public offering, net of issuance costs (in Shares)	[1]	32,857
Fair value of warrants issued in initial public offering				175,349			175,349
Issuance of warrants - non- employee stock compensation				856,170			856,170
Cashless exercise of warrants- non- employee stock compensation into common stock
Cashless exercise of warrants- non- employee stock compensation into common stock (in Shares)	[1]	2,245
Foreign currency translation adjustments						(271,141)	(271,141)
Balance at Jun. 30, 2023		$ 3		31,485,733	(31,443,451)	(172,617)	$ (130,332)
Balance (in Shares) at Jun. 30, 2023		255,734	[1]				255,734	[2]
Net loss					(6,586,623)		$ (6,586,623)
Issuance of common stock - non-employee stock compensation				82,000			82,000
Issuance of common stock - non-employee stock compensation (in Shares)	[1]	20,000
Employee stock compensation				11,111			11,111
Capital contribution				16,348			16,348
Conversion of convertible note payable		$ 1		1,811,069			1,811,070
Conversion of convertible note payable (in Shares)	[1]	68,061
Issuance of common stock to related parties for debts cancellation				321,562			321,562
Issuance of common stock to related parties for debts cancellation (in Shares)	[1]	25,954
Issuance of common stock for acquiring intangible assets		$ 6		3,553,494			3,553,500
Issuance of common stock for acquiring intangible assets (in Shares)	[1]	635,348
Issuance of common stock and prefunded warrants in public offering, net of issuance costs		$ 4		3,457,302			3,457,306
Issuance of common stock and prefunded warrants in public offering, net of issuance costs (in Shares)	[1]	371,629
Issuance of common stock at the market offering, net of issuance costs		$ 1		431,810			431,811
Issuance of common stock at the market offering, net of issuance costs (in Shares)	[1]	94,889
Exercise of prefunded warrants into common stock		$ 2		1,398			1,400
Exercise of prefunded warrants into common stock (in Shares)	[1]	200,000
Conversion of convertible note payable, related parties
Foreign currency translation adjustments						411,580	411,580
Additional shares of common stock round up adjustment due to retroactive effect of 1-for-70 reverse stock split
Additional shares of common stock round up adjustment due to retroactive effect of 1-for-70 reverse stock split (in Shares)	[1]	8
Balance at Jun. 30, 2024		$ 17		$ 41,171,827	$ (38,030,074)	$ 238,963	$ 3,380,733
Balance (in Shares) at Jun. 30, 2024		1,671,623	[1]				1,671,623	[2]
[1]Giving retroactive effect to the 1-for-70 reverse stock split effected on February 27, 2024[2]Giving retroactive effect to the 1-for-70 reverse stock split effected on February 27, 2024

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (6,586,623)	$ (11,727,711)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	117,907	108,483
Amortization of intangible assets	612,909
Amortization of debt discounts	358,284	1,290,050
Amortization of operating right-of-use assets	34,561	35,034
Allowance for credit losses	395,302	601
Inventories impairment	483
Stock-based compensation	93,111	819,332
Other income from software developing service, net of cost	(1,000,000)
Loss from disposal of equipment		18,362
Gain from disposal of subsidiaries	(203,333)
Fair value loss on marketable securities	828,367
Change in operating assets and liabilities
Accounts receivable	(39,559)	(170,107)
Inventories	340,605	(204,028)
Other receivables and other current assets	390,355	(352,990)
Other receivables, a related party		(12,860)
Prepayments	(113,183)	(58,941)
Accounts payable	264,745	19,588
Accounts payable, related parties		(14,061)
Customer deposits	(90,086)	95,787
Contract liability	33,515	107,474
Other payables and accrued liabilities	(96,398)	468,492
Other payables, related parties		1,725
Operating lease liabilities	(27,163)	(34,065)
Income tax payables	(26,605)	49,550
Net cash used in operating activities	(4,712,806)	(9,560,285)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of equipment	(16,740)	(86,964)
Purchases of intangible asset	(191,119)
Cash released from disposal of subsidiaries, net of cash received	(44,755)
Proceeds from sale of equipment		25,720
Net cash used in investing activities	(252,614)	(61,244)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of deferred offering cost		(15,000)
Proceeds from issuance of commons stock in initial public offering		8,235,110
Proceeds from issuance of common stock and prefunded warrants in public offering	3,457,306
Proceeds from issuance of common stock in market offering	431,811
Proceeds received from exercising prefunded warrants	1,400
Capital contribution	16,348
Principal payments of insurance loan	(184,886)	(104,271)
Payments of related party loan	(4,215)	(4,105)
Proceeds from issuance of convertible notes		7,732,092
Repayments of convertible notes	(3,367,291)
Repayment of senior note		(65,000)
Repayments to related parties		(1,728,225)
Proceeds from third party loans		556,719
Repayments to third party loans		(1,948,132)
Net cash provided by financing activities	350,473	12,659,188
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS	221,326	(289,257)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(4,393,621)	2,748,402
CASH AND CASH EQUIVALENTS, beginning of year	4,593,634	1,845,232
CASH AND CASH EQUIVALENTS, end of year	200,013	4,593,634
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid	29,957	46,450
Interest paid	51,333	65,679
SUPPLEMENTAL NON-CASH FLOWS INFORMATION
Offering costs paid in the prior period		93,536
Beneficial conversion feature resulted from issuance of convertible notes		749,062
Fair value of warrants issued to underwriter		175,349
Fair value of warrants issued to consultant		856,170
Fair value of common stock issued to consultant	82,000	819,332
Vesting of employee stock compensation	11,111
Recognition of operating right-of-use asset and lease liability		98,795
Recognition of accrued restoration cost in a lease		24,664
Conversion of convertible note payable, net of unamortized discounts	1,811,070	14,476,367
Conversion of convertible note payable, related parties		2,437,574
Financing insurance premium paid by insurance loan	62,965	264,563
Marketable securities received as in exchange of software developing service	1,000,000
Issuance of common stock to related parties for debts cancellation	321,562
Issuance of common stock for acquiring intangible assets	$ 3,553,500

Nature of Business and Organiza

Nature of Business and Organization	12 Months Ended
	Jun. 30, 2024
Nature of Business and Organization [Abstract]
Nature of business and organization	Note 1 – Nature of business and organization Treasure Global Inc. (“TGL” or the “Company”) is a holding company incorporated on March 20, 2020, under the laws of the State of Delaware. The Company has no substantive operations other than holding all of the outstanding shares of ZCity Sdn. Bhd. (“ZCITY”), (formerly known as Gem Reward Sdn. Bhd, underwent a name change on July 20, 2023). ZCITY was originally established under the laws of the Malaysia on June 6, 2017, through a reverse recapitalization. On March 11, 2021, TGL completed a reverse recapitalization (“Reorganization”) under common control of its then existing stockholders, who collectively owned all of the equity interests of ZCITY prior to the Reorganization through a Share Swap Agreement. ZCITY is under common control of the same stockholders of TGL through a beneficial ownership agreement, which results in the consolidation of ZCITY and has been accounted for as a Reorganization of entities under common control at carrying value. Before and after the Reorganization, the Company, together with its subsidiaries is effectively controlled by the same stockholders, and therefore the Reorganization is considered as a recapitalization of entities under common control in accordance with Accounting Standards Codification (“ASC”) 805-50-25. The consolidation of the Company and its subsidiaries have been accounted for at historical cost and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying consolidated financial statements in accordance with ASC 805-50-45-5. The Company, through its wholly owned subsidiary, ZCITY, engages in the payment processing industry and operate an online-to-offline (“O2O”) e-commerce platform known as “ZCITY”. The Company has extensive business interests in creating an innovative O2O e-commerce platform with an instant rebate and affiliate cashback program business model, focusing on providing a seamless payment solution and capitalizing on big data using artificial intelligence technology. The Company’s proprietary product is an internet application (or “app”) called “ZCITY App”. ZCITY App drives user app download and transactions by providing instant rebate and cashback. The Company aims to transform and simplify a user’s e-payment gateway experience by providing great deals, rewards and promotions with every use in an effort to make it Malaysia’s top reward and payment gateway platform. On April 12, 2023, the Company entered into a share sale agreement (the “Agreement”) with Damanhuri Bin Hussien (“DBH”), an unrelated party. Pursuant to the Agreement, the Company agreed to purchase 10,000 units of ordinary shares, representing a 100% equity interest in Foodlink Global Sdn. Bhd. (“Foodlink”), along with its two wholly-owned subsidiaries, Morgan Global Sdn. Bhd (“Morgan”) and AY Food Ventures Sdn. Bhd. (“AY Food”), for a consideration of approximately $3,000 from DBH. Foodlink, Morgan, and AY Food are engaged in the operation of sub-licensing restaurant branding and the selling and trading of food and beverage products. Since Foodlink, Morgan, and AY Food are blank check companies that were incorporated in January 2023 without any operating history prior to the acquisition, the acquisition of these entities is immaterial to the Company’s consolidated financial statements. The accompanying consolidated financial statements reflect the activities of TGL and each of the following entities. Name Background Ownership ZCity Sdn Bhd (formerly known as Gem Reward Sdn. Bhd.) (“ZCITY”) ● ● ● A Malaysian company Incorporated in June 2017 Operated O2O e-commerce platform known as ZCITY 100% owned by TGL Foodlink Global Sdn. Bhd. (“Foodlink”) * ● ● ● A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products. 100% owned by TGL Morgan Global Sdn. Bhd. (“Morgan”)* ● ● ● A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products. 100% owned by Foodlink AY Food Ventures Sdn. Bhd. (“AY Food”)* ● ● ● A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products. 100% owned by Foodlink * Due to recurring loss from the operation of sub-licensing restaurant branding and the selling and trading of food and beverage products. The Company decided to dispose Foodlink and its subsidiaries. On May 24, 2024, the Company, Jeffrey Goh Sim Ik (the “Purchaser”) and Koo Siew Leng (the “Guarantor”) entered into a Share Sale and Purchase Agreement (the “Agreement”), in which the Company agreed to sell all of its equity interest in Foodlink and its subsidiaries Morgan and AY Food to the Purchaser, in exchange for a total of $148,500, of which shall be payable by the Purchaser to the Company as follows: (i) an initial deposit payable on May 24, 2024; and (ii) the balance of the purchase price payable in eight installment payments starting from May 24, 2024. The Company recognized a gain from disposal of Foodlink and its subsidiaries amounted to $203,333. However, the disposal did not have material impact to the Company’s operations and its consolidated financial statements.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Summary of significant accounting policies	Note 2 – Summary of significant accounting policies Going concern In assessing the Company’s liquidity and the significant doubt about its ability to continue as a going concern, the Company monitors and analyzes cash on hand and operating expenditure commitments. The Company’s liquidity needs are to meet working capital requirements and operating expense obligations. To date, the Company has financed its operations primarily through cash flows from contributions from stockholders, issuance of convertible notes from third parties and related parties, related party loans, its initial underwritten public offering (the “Offering”), its underwritten public offering (the “November 2023 Offering”), and its market offering (the “Market Offering”) The Company’s management has considered whether there is substantial doubt about its ability to continue as a going concern due to: (1) recurring loss from operations of approximately $6.1 million for the year ended June 30, 2024; (2) accumulated deficit of approximately $38.0 million as of June 30, 2024; and (3) net operating cash outflow of approximately $4.7 million for the year ended June 30, 2024. On August 15, 2022, the Company closed its Offering of 32,857 (2,300,000 pre reverse split) shares of common stock, par value $0.00001 per share, at $280 ($4.00 pre reverse split) per share. The Company received aggregate net proceeds from the closing of approximately $8.2 million, after deducting underwriting discounts, commissions, fees, and other estimated offering expenses. From February 2023 to June 2023, the Company issued two convertible notes to a third party, in an aggregate principal amount of $5,500,000. Upon completion of these transactions, the Company received $5,060,000 in net proceeds from this third party, net of debt discount. The convertible notes accrue or will accrue interest expense at 4% per annum and have a 12-month term. On November 30, 2023, the Company closed its November 2023 Offering of (i) 371,628 (26,014,000 pre reverse split) shares of common stock, par value $0.00001 per share, at a public offering price of $0.10 per share of Common Stock and (ii) 14,000,000 pre-funded warrants (the “Pre-Funded Warrants”), each with the right to purchase 0.01 (one share pre reverse split) of Common Stock, at a public offering price of $0.0999 per Pre-Funded Warrants. Upon closing of the November 2023 Offering, the Company received an aggregated net proceed of approximately $3.5 million, after deducting underwriting discounts, and non-accountable expense. On March 22, 2024, the Company and H.C. Wainwright & Co., LLC, (the “Manager”) entered into a marketing offering agreement (“Marketing Offering Agreement”). Pursuant to the Marketing Offering Agreement, the Company intends to issue and sell through or to the Manager, as sales agent and / or principal from time to time of the Company’s common stock at the Market Offering. For the year ended June 30, 2024, the Company received an aggregated net proceed of approximately $0.4 million, net of broker fee from issuance of 94,889 shares of common stock which sell through or to the Manager. As disclosed in Note 18, the Company received net proceed of $2,457,456, net of broker fee from issuance of 1,583,418 shares of common stock which sell through or to the Manager related to the Marketing Offering Agreement. Despite receiving the net proceeds from the offerings, and issuance of convertible notes, the Company’s management is of the opinion that it will not have sufficient funds to meet the Company’s working capital requirements and debt obligations as they become due starting from one year from the date of this report due to the recurring loss. Therefore, management has determined that there is a significant doubt about its ability to continue as a going concern. If the Company is unable to generate significant revenue, it may be required to curtail or cease its operations. Management is trying to alleviate the going concern risk through the following sources: ● Equity financing to support its working capital; ● Financial support and credit guarantee commitments from the Company’s related parties. There, however, is no guarantee that the substantial doubt about the Company’s ability to continue as a going concern will be alleviated. Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for information pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”). Principles of consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries. All transactions and balances among the Company and its subsidiaries have been eliminated upon consolidation. A subsidiary is an entity in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove the majority of the members of the board of directors, or to cast a majority of votes at the meeting of directors. Enterprise wide disclosure The Company’s Chief Operating Decision Makers (CODM), which include the Chief Executive Officer and their direct reports, review financial information presented on a consolidated basis. This information is accompanied by a breakdown of revenues from different revenue streams, facilitating resource allocation and financial performance evaluation. The reporting of operating segments aligns with the internal reports provided to the CODM, a group composed of specific members of the Company’s management team. Following the disposal of Foodlink and its subsidiaries, along with their food and beverage product distribution and sublicensing operation on May 24, 2024, the Company now operates under a single segment which is payment processing and e-commerce operation in its ZCITY platform as of June 30, 2024. Use of estimates The preparation of these 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 disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in our consolidated financial statements include the estimated retail price per point and estimated breakage to calculate the revenue recognized in our loyalty program revenue, useful lives of property and equipment, impairment of long-lived assets, allowance for credit loss, write-down for estimated obsolescence or unmarketable inventories, realization of deferred tax assets and uncertain tax position, fair value of our stock price to determine the beneficial conversion feature (“BCF”) within the convertible note, fair value of the stock-based compensation, fair value of the marketable securities, and fair value of the warrants issued. Actual results could differ from these estimates. Foreign currency translation and transaction Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the consolidated statements of operations and comprehensive loss. The reporting currency of the Company is United States Dollars (“US$”) and the accompanying consolidated financial statements have been expressed in US$. The Company’s subsidiaries in Malaysia conducts their businesses and maintains their books and record in the local currency, Malaysian Ringgit (“MYR” or “RM”), as its functional currency. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive gain or loss within the consolidated statements of changes in stockholders’ deficiency. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Translation of foreign currencies into US$1 have been made at the following exchange rates for the respective periods: As of June 30, June 30, Period-end MYR: US$1 exchange rate 4.72 4.67 For the years ended 2024 2023 Period-average MYR: US$1 exchange rate 4.69 4.53 Cash and cash equivalents Cash is carried at cost and represent cash on hand, time deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less. Cash equivalents consist of funds received from customer, which funds were held at the third-party platform’s fund account, and which are unrestricted and immediately available for withdrawal and use. Accounts receivable, net Accounts receivable are recorded at the invoiced amount less an allowance for any uncollectible accounts and do not bear interest. The Company provides various payment terms from cash due on delivery to 90 days based on customer’s credibility. Accounts receivable include money due from sales of health care product on its ZCITY platform as well as sublicensing revenue, and sales of food and beverage products. Starting from July 1, 2023, the Company adopted ASU No.2016-13 “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASC Topic 326”). The Company used a modified retrospective approach, and the adoption does not have material impact on our consolidated financial statements. The carrying value of accounts receivable is reduced by an allowance for credit losses that reflects the Company’s best estimate of the amounts that will not be collected. An allowance for credit losses is recorded in the period when a loss is probable based on an assessment of specific evidence indicating collection is unlikely, historical bad debt rates, accounts aging, financial conditions of the customer and industry trends. Management also periodically evaluates individual customer’s financial condition, credit history, and the current economic conditions to make adjustments in the allowance for credit losses when it is considered necessary. Account balances are charged off against the allowance for credit losses after all means of collection have been exhausted and the potential for recovery is considered remote. The Company’s management continues to evaluate the reasonableness of the valuation allowance policy and update it if necessary. As of June 30, 2024 and 2023, the Company recorded $1,100, and $214 of allowance for credit loss, respectively. For the years ended June 30, 2024 and 2023, the Company record $182,544 and $601 additional allowance for credit loss against accounts receivable, respectively. Inventories Inventories are stated at the lower of cost or net realizable value, cost being determined on a first in first out method. Costs include gift card or “E-voucher” pin code which are purchased from the Company’s suppliers as merchandized goods or store credit. Costs also included health care products, foods and beverage products which are purchased from the Company’s suppliers as merchandized goods. Management compares the cost of inventories with the net realizable value and if applicable, an allowance is made for writing down the inventory to its net realizable value, if lower than cost. On an ongoing basis, inventories are reviewed for potential write-down for estimated obsolescence or unmarketable inventories which equals the difference between the costs of inventories and the estimated net realizable value based upon forecasts for future demand and market conditions. When inventories are written-down to the lower of cost or net realizable value, it is not marked up subsequently based on changes in underlying facts and circumstances. For the years ended June 30, 2024 and 2023, $483 and $0 write-down for inventories were recorded, respectively. Other receivables and other current assets, net Other receivables and other current assets consist of prepayment made by the Company to third parties for cyber security service, director & officer liability insurance (“D&O Insurance”), and other professional fee. Other receivables and other current assets also include refundable advance to third party service provider, and other deposits. Starting from July 1, 2023 , the Company adopted ASC Topic 326 on its other receivables using the modified retrospective approach. The new credit loss guidance replaces the old model for measuring the allowance for credit losses with a model that is based on the expected losses rather than incurred losses. Under the new accounting guidance, the Company measures credit losses on its other receivables using the current expected credit loss model under ASC 326. As of June 30, 2024 and 2023, the Company provided allowance for credit loss of $212,758 and $0 Prepayment Prepayments and deposits are mainly cash deposited or advanced to suppliers for future inventory purchases. This amount is refundable and bears no interest. For any prepayments determined by management that such advances will not be in receipts of inventories, services, or refundable, the Company will recognize an allowance account to reserve such balances. Management reviews its prepayments on a regular basis to determine if the allowance is adequate and adjusts the allowance when necessary. Delinquent account balances are written-off against allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. The Company’s management continues to evaluate the reasonableness of the valuation allowance policy and update it if necessary. As of June 30, 2024 and 2023, the Company did not record allowance for doubtful account against prepayment. Property and equipment, net Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets with no residual value. The estimated useful lives are as follows: Expected Computer and office equipment 5 years Furniture and fixtures 3-5 years Motor vehicles 5 years Leasehold improvement 3 years The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the consolidated statements of operations and comprehensive loss. Expenditures for maintenance and repairs are charged to earnings as incurred, while additions, renewals and betterments, which are expected to extend the useful life of assets, are capitalized. The Company also re-evaluates the periods of depreciation to determine whether subsequent events and circumstances warrant revised estimates of useful lives. Intangible assets, net The Company’s acquired intangible assets with definite useful lives only consist of internal used software. The Company amortizes its intangible assets with definite useful lives over their estimated useful lives and reviews these assets for impairment. The Company typically amortizes its internal use software with definite useful lives on a straight-line basis over the shorter of the contractual terms or the estimated economic lives, which is determined to be approximately one to five years. Impairment for long-lived assets Long-lived assets, including property and equipment, and intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based on the undiscounted future cash flows the assets are expected to generate and recognize an impairment loss when estimated undiscounted future cash flows expected to result from the use of the asset plus net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. If an impairment is identified, the Company would reduce the carrying amount of the asset to its estimated fair value based on a discounted cash flows approach or, when available and appropriate, to comparable market values. As of June 30, 2024 and 2023, no Investment in marketable securities Investments in marketable securities, net, consist of investments in listed shares, which are listed on Nasdaq. Marketable securities are accounted for under ASC 321 and reported at their readily determinable fair values as quoted by market exchanges with changes in fair value recorded in other (expense) income in the consolidated statements of operations and comprehensive loss. All changes in a marketable security’s fair value are reported in earnings as they occur, as such, the sale of a marketable security does not necessarily give rise to a significant gain or loss. Unrealized gains/(losses) due to fluctuations in fair value are recorded in the consolidated statements of operations and comprehensive loss. Declines in fair value below cost deemed to be other-than-temporary are recognized as impairments in the consolidated statements of comprehensive income. Customer deposits Customer deposits represent amounts advanced by customers on service order. Customer deposits are reduced when the related sale is recognized in accordance with the Company’s revenue recognition policy. Additionally, customer deposits also include unamortized member subscription revenue. Convertible notes The Company evaluates its convertible notes to determine if those contracts or embedded components of those contracts qualify as derivatives. The result of this accounting treatment is that the fair value of the embedded derivative is recorded at fair value each reporting period and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statements of operations as other income or expense. In circumstances where the embedded conversion option in a convertible instrument is required to be bifurcated and there are also other embedded derivative instruments in the convertible instrument that are required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument. If the conversion features of conventional convertible debt provide for a rate of conversion that is below market value at issuance, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 470-20 “Debt with Conversion and Other Options.” In those circumstances, the convertible debt is recorded net of the discount related to the BCF, and the Company amortizes the discount to interest expense, over the life of the debt. Upon conversion, the carrying amount of the convertible note, net of the unamortized discount shall be reduced by, if any, the cash (or other assets) transferred and then shall be recognized in the capital accounts to reflect the shares issued and no gain or loss is recognized pursuant to ASC Topic 470-20-40-4. Warrants The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own common stock and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding. For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of equity at the time of issuance. As the Company’s warrants meet all of the criteria for equity classification, so the Company classified each warrant as its own equity. Revenue recognition The Company adopted Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (ASC Topic 606) for all periods presented. The core principle underlying the revenue recognition of this ASU allows the Company to recognize - revenue that represents 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 will require 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. To achieve that core principle, the Company applies 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 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 is probable of substantially collection. Revenue recognition policies for each type of revenue stream are as follows: Product revenue - Performance obligations satisfied at a point in time The Company primarily sells discounted gift cards (or E-vouchers) from retailers, health care products and computer products through individual order directly through the Company’s online marketplace platform and its mobile application (“ZCITY”). In addition, the Company through its subsidiaries, Morgan and AY Food, engages in sales of food and beverage products. When the Company is acting as a principal in the transaction, the Company accounts for the revenue generated from its sales of E-vouchers, health care products, computer products, and food and beverage product on a gross basis as the Company is responsible for fulfilling the promise to provide the specified goods, which the Company has control of the goods and has the ability to direct the use of goods to obtain substantially all the benefits. In making this determination, the Company assesses whether it is primarily obligated in these transactions, is subject to inventory risk, has latitude in establishing prices, or has met several but not all of these indicators in accordance with ASC 606-10-55-36 through 40. The Company determined that it is primarily responsible for fulfilling the promise to provide the specified good as the Company directly purchases and pays for in full the applicable E-voucher, health care products and computer products from the vendors prior to posting of such products for sale on its online marketplace platform and prior to taking any orders for sales of such products. Meanwhile, the Company maintained an average daily inventory of approximately $0.2 million to support an average 4.7 days of sales during the years ended June 30, 2024, which demonstrate the Company had control over the products prior to selling it to the customers as the ownership of the products did not transfer momentarily to the customer after the Company purchased the products from vendors. In addition, the Company cannot return the products to the vendors due to lack of sales which demonstrated that the Company is subject to inventory risk, and it has discretion in establishing the price of the products which has demonstrated that the Company has the ability to direct the use of that good or service and obtain substantially all of the remaining benefits. In certain instances, the Company is acting as an agent in the transaction and is engaging in drop shipping arrangements for health care, food, and beverage products, where the products were shipped directly from the vendors to the customers. In these drop shipping transactions, the Company was not primarily responsible for fulfilling the promise to deliver the products to the customers, and as a result, did not exercise control over the goods or assume any inventory risks. Therefore, the Company determined that revenue from sales of products under the drop shipping arrangements were recognized on a net basis. The Company recognizes the sales of E-vouchers, health care products, computer products, and food and beverage products revenue when the control of the specified goods is transferred to its customer. No refund or return policy is provided to the customer. Payment is received before the goods are delivered to customers, as such no financing component has been recognized as the payment terms are for reasons other than financing. The products are sold without any warranty provided. For the years ended June 30, 2024 and 2023, approximately $0.4 and $1.8 million of product revenues are related to non-spending related activities with the same amount recorded as selling expenses, respectively. Loyalty program - Performance obligations satisfied at a point in time The Company’s ZCITY reward loyalty program allows members to earn points on purchases that can be redeemed for rewards that include discounts on future purchases. When members purchase the Company’s product or make purchase with the Company’s participated vendor through ZCITY, the Company allocate the transaction price between the product and service, and the reward points earned based on the relative stand-alone selling prices and expected point redemption. The portion allocated to the reward points is initially recorded as contract liability and subsequently recognized as revenue upon redemption or expiration. The two primary estimates utilized to record the contract liabilities for reward points earned by members are the estimated retail price per point and estimated breakage. The estimated retail price per point is based on the actual historical retail prices of product purchased or service obtained through the redemption of reward points. The Company estimate breakage of reward points based on historical redemption rates. The Company continually evaluates its methodology and assumptions based on developments in retail price per point redeemed, redemption patterns and other factors. Changes in the retail price per point and redemption rates have the effect of either increasing or decreasing the contract liabilities through current period revenue by an amount estimated to represent the retail value of all points previously earned but not yet redeemed by loyalty program members as of the end of the reporting period. Transactions revenue - Performance obligations satisfied at a point in time The transactions revenues primarily consist of fees charged to merchants for participating in ZCITY upon successful sales transaction and payment service taken place between the merchants and their customers online. The Company earns transaction revenue from merchants when transactions are completed on certain retail marketplaces. Such revenue is generally determined as a percentage based on the value of merchandise or services being sold by the merchants. In connection with the transaction revenue, the Company offers to share the profit of the transaction (“agent commission”) to the agents who has referred merchants to participating in Company’s online marketplace platform and in ZCITY. Transaction revenue is recognized, net of agent commission, in the consolidated statements of operations at the time when the underlying transaction is completed. Member subscription revenue - Performance obligations satisfied over time In order to attract more customer to engage with the Company’s online marketplace and in ZCITY, the Company provides membership subscription to the customers to join the Zmember program, a membership program that provides member with benefits which included exclusive saving, bonus, and referral rewards. Member subscription revenue primarily consists of fees charge to customers who sign up for Zmember. As the Company provides customers with 6 months member subscription service in general, member subscription revenue is recognized in the consolidated statement of operation over time across the subscription period. Sublicense revenue - Performance obligations satisfied over time The Company, through its wholly-owned subsidiaries, Morgan and AY Food, generates revenue by sublicensing the right to use the Licensor’s Trademark to its customers for the period from July 1, 2023 to May 24, 2024. Since the sublicense fee is charged to customers on a monthly basis throughout the contractual period, the Company recognizes sublicense revenue in the consolidated statements of operations over the duration of the contract. Furthermore, the Company establishes itself as the principal in these arrangements, as it possesses the latitude to establish pricing and assumes the inventory risk associated with fulfilling the minimum payment obligations to the Trademark’s licensor regardless of the number of sublicensees engaged by the Company during the license period. Disaggregated information of revenues by products/services are as follows: For the years ended 2024 2023 Gift card or “E-voucher” revenue (1) $ 20,042,191 $ 68,050,624 Health care products, computer products, and food and beverage products revenue (1) 1,289,846 324,209 Loyalty program revenue (1) 123,825 524,854 Transaction revenue (1) 61,241 75,274 Member subscription revenue (2) 375,949 383,538 Sublicense revenue (2) 173,777 49,820 Total revenues $ 22,066,829 $ 69,408,319 (1) Revenue recognized at a point in time. (2) Revenue recognized over time. Cost of revenue Cost of revenue sold mainly consists of the purchases of the gift card or “E-voucher” pin code, and health care products which is directly attributable to the sales of product on the Company’s online marketplace platform. In addition, cost of revenue sold also consists of purchase of food and beverage products for resales and license payment to Trademark’s licensor for sublicense revenue. Advertising costs Advertising costs amounted to $1,280,393 and $3,494,347 for the years ended June 30, 2024 and 2023 respectively. Research and development Research and development expenses include 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. Research and development expenses amounted to $513,524 and $549,065 for the years ended June 30, 2024 and 2023, respectively. Defined contribution plan The full-time employees of the Company are entitled to the government mandated defined contribution plan. The Company is required to accrue and pay for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant government regulations, and make cash contributions to the government mandated defined contribution plan. Total expenses for the plans were $218,945 and $208,190 for the years ended June 30, 2024

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Jun. 30, 2024
Accounts Receivable, Net [Abstract]
Accounts receivable, net	Note 3 – Accounts receivable, net As of 2024 As of June 30, 2023 Accounts receivable $ 1,100 $ 163,383 Provision for estimated credit losses (1,100 ) (214 ) Total accounts receivable, net $ - $ 163,169 Movements of provision for accounts receivable’s estimated credit losses are as follows: As of 2024 As of June 30, 2023 Beginning balance $ 214 $ 227 Addition 182,544 601 Write-off - (601 ) Disposal of subsidiaries (180,792 ) - Exchange rate effect (866 ) (13 ) Ending balance $ 1,100 $ 214

Inventories, Net

Inventories, Net	12 Months Ended
	Jun. 30, 2024
Inventories, Net [Abstract]
Inventories, net	Note 4 – Inventories, net Inventories consist of the following: As of 2024 As of June 30, 2023 Gift card (or E-voucher) $ 27,467 $ 378,710 Nutrition products - 8,383 Food and beverage products - 13,450 Total $ 27,467 $ 400,543

Other Receivables and Other Cur

Other Receivables and Other Current Assets, Net	12 Months Ended
	Jun. 30, 2024
Other Receivables and Other Current Assets, Net [Abstract]
Other receivables and other current assets, net	Note 5 – Other receivables and other current assets, net As of 2024 As of June 30, 2023 Deposits (i) $ 120,880 $ 59,486 Prepaid tax 20,752 1,595 Prepaid expense (ii) 45,201 552,044 Software development deposit (iii) 84,823 - Other receivable (iv) 127,226 - Total other receivables and other current assets 398,882 613,125 Provision for estimated credit loss (212,053 ) - Total other receivables and other current assets, net $ 186,829 $ 613,125 (i) The balance of deposits mainly represented deposit made by the Company to a third-party service provider to secure the service, security deposit consists of rent and utilities, and others. As of June 30, 2024 and 2023, $106,028 and $0 estimated credit loss was recorded against doubtful receivables. (ii) The balance of prepaid expense mainly represented prepayment made by the Company to third parties for cyber security service, director & officer liability insurance (“D&O Insurance”) or other professional service. In July 2022, the Company entered into an IT service agreement (“Service Agreement”) with a third party. Pursuant to the Service Agreement, the third party will provide IT and advisory service to the Company to enhance its cyber security for a two-year period with a consideration of $477,251. The Company amortized the prepaid expense related to Service Agreement based on the service performed and completed during each period. As of June 30, 2024, the prepaid expense pertained to the Service Agreement has been fully amortized. In February 2024, the Company purchased a D&O Insurance premium amounting $74,078 which covers a period of twelve months, to be expired on February 24, 2025. As of June 30, 2024, the balance of prepaid expenses pertaining to the D&O Insurance amounted to $42,812. (iii) The balance of Software development deposit consists as following: On July 20, 2023, the Company entered into a software development agreement (the “Agreement”) with Nexgen Advisory Sdn Bhd (“Nexgen”), an unrelated third party. Pursuant to the Agreement, the Company engaged with Nexgen in software development related to the creation of an artificial intelligence-powered travel platform. As of September 30, 2023, the Company had made a $209,768 service deposit to Nexgen; however, the service had not yet commenced. On September 25, 2023, the Company terminated the Agreement with Nexgen. As of June 30, 2024, $121,945 of the service deposit were refunded by Nexgen. The remaining deposit of $84,823 is expected to recover by end of June 2025. As of June 30, 2024 and 2023, $42,412 and $0 estimated credit loss was recorded against the software development deposits. (iv) The balance of other receivable consists as following: On May 24, 2024, the Company has disposed all of its equity interest in Foodlink and its subsidiaries Morgan and for a consideration of $148,500. As of June 30, 2024, the Company has collected $21,274 from the Purchaser, and the remaining is expected to be fully repaid by January 2025. As of June 30, 2024 and 2023, $63,613 and $0 estimated credit loss was recorded against other receivable. Movements of provision for other receivables’ estimated credit loss are as follows: As of As of Beginning balance $ - $ - Addition 212,758 - Exchange rate effect (705 ) - Ending balance $ 212,053 $ -

Prepayments

Prepayments	12 Months Ended
	Jun. 30, 2024
Prepayments [Abstract]
Prepayments	Note 6 – Prepayments As of As of Deposits to suppliers $ 358,526 $ 248,551

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Jun. 30, 2024
Property and Equipment, Net [Absract]
Property and equipment, net	Note 7 – Property and equipment, net Property and equipment, net consist of the following: As of As of Computer and office equipment $ 154,772 $ 142,520 Furniture and fixtures 72,778 73,355 Motor vehicle 82,290 83,185 Leasehold improvement 131,369 132,797 Subtotal 441,209 431,857 Less: accumulated depreciation (267,531 ) (152,257 ) Total $ 173,678 $ 279,600 Depreciation expense for the years ended June 30, 2024 and 2023 were amounted to $ 117,907 and $108,483, respectively.

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
	Jun. 30, 2024
Intangible Assets, Net [Abstract]
Intangible assets, net	Note 8 – Intangible assets, net Intangible assets, net consisted of the following: As of As of 2024 2023 Internal use software development $ 3,743,716 $ - Less: accumulated amortization (612,780 ) - Total intangible assets, net $ 3,130,936 $ - Amortization expense for the years ended of June 30, 2024 was amounted to $612,909 and $0 The following table sets forth the Company’s amortization expense for the next five years ending: Amortization expenses Twelve months ending June 30, 2025 $ 795,017 Twelve months ending June 30, 2026 636,143 Twelve months ending June 30, 2027 636,143 Twelve months ending June 30, 2028 636,143 Twelve months ending June 30, 2029 427,490 Total $ 3,130,936

Investment in Marketable Securi

Investment in Marketable Securities	12 Months Ended
	Jun. 30, 2024
Investment in Marketable Securities [Abstract]
Investment in marketable securities	Note 9 – Investment in marketable securities On July 19 2023 (“Commencement Date”), the Company entered into a software developing agreement (“Developing Agreement”) with VCI Global Limited (“VCI”), an unrelated third party for collaboration and co-operating in the development of an artificial intelligence powered travel platform, the (“Platform”). Pursuant to the Software Development Agreement, VCI shall remit payment of cash in $1,000,000 or issuance and the allotment of ordinary shares in VCI with an equivalent value of $1,000,000 (“VCIG Shares”) within ten business days from the Commencement Date to the Company as service consideration. Both the Company and VCI had agreed that VCI to issued 286,533 shares of VCIG Shares at $3.49 per share based on 5-day volume weighted average price to the Company as a service consideration in developing above mentioned Platform. The VCIG Shares shall be issued on a restricted stock basis for a period of six (6) months from the commencement date of the Software Developing Agreement. Movements in investment in marketable securities are as follows: As of As of At fair value Beginning balance $ - $ - Addition 1,000,000 - Fair value loss recognized for the year (828,367 ) - Closing balance $ 171,633 $ - For the years ended June 30, 2024 and 2023, unrealized loss on marketable equity securities were $828,367 and $0, respectively.

Loans and Notes

Loans and Notes	12 Months Ended
	Jun. 30, 2024
Loans and Notes [Abstract]
Loans and notes	Note 10 – Loans and notes Insurance loan On February 28, 2023, the Company entered into a loan agreement with First Insurance Funding, a third party (the “Premium Finance Agreement”), pursuant to which First Insurance Funding provided the Company with a short-term loan (“Insurance loan 1”) amounted to $264,563 with interest rate of 5.9% per annum to be due in ten equal monthly instalments of $27,177. As of June 30, 2024, the Insurance loan 1 has been paid in full. In February 2024, the Company entered into another loan agreement with First Insurance Funding, to obtain a short term loan (“Insurance loan 2”) of $74,078 with interest rate of 9.5% to be due in ten equal monthly instalments of $6,573. As of June 30, 2024, the remaining balance of Insurance loan 2 was amounted to $38,371. The funds from Insurance Loan 1 and 2 were exclusively allocated towards the payment of the Directors and Officers (D&O) insurance as indicated on Note 5. For the years ended June 30, 2024 and 2023, interest expenses pertained to the insurance loan amounted to $4,465 and $4,437 respectively. Loans from third parties The Company entered into a loan agreement with Agtiq Solutions Sdn Bhd, a third party (the “Agtiq Loan Agreement”) dated June 27, 2022, pursuant to which Agtiq Solutions Sdn Bhd provided the Company with a revolving loan facility to borrow up to RM 3,000,000 (approximately $0.7 million) bearing interest at 3.5% per annum, which is payable on demand. As of June 30, 2022, the Company had balance outstanding from this facility amounted to $668,923. On July 12, 2022, the Company repaid the remaining balance in full. The Company entered into a loan agreement with Technovative Hub Sdn Bhd, a third party (the “Technovative Loan Agreement”) date June 27, 2022, pursuant to which Technovative Hub Sdn Bhd provided the Company with a revolving loan facility to borrow up to RM 4,000,000 (approximately $1.0 million) bearing interest at 3.5% per annum, which is payable on demand. As of June 30, 2022, the Company had balance outstanding form this facility amounted to $748,724. In July 2022, the Company had withdrew additional $567,215 from this facility under the Technovative Loan Agreement and repaid the remaining balance in full on July 18, 2022. For the years ended June 30, 2024 and 2023, interest expenses related to the aforementioned loans from third parties amounted to $0 and $2,515, respectively. Convertible notes The Company evaluated the convertible notes agreement under ASC 815 Derivatives and Hedging (“ASC 815”). ASC 815 generally requires the analysis embedded terms and features that have characteristics of derivatives to be evaluated for bifurcation and separate accounting in instances where their economic risks and characteristics are not clearly and closely related to the risks of the host contract. None of the embedded terms required bifurcation and liability classification. On November 13, 2020, the Company issue a convertible note, to an accredited investor, in the aggregate principal amount of $2,123,600. Pursuant to the agreement, the note bear an interest rate of 13.33% per annum, payable (i) on December 31, 2020; (ii) during calendar year 2021, monthly on the last day of each month and (iii) during calendar years 2022 and 2023 until the Maturity Date, semiannually on each June 30 and December 31; provided that for calendar year 2023 the final interest payment date shall be the Maturity Date. The Company evaluated the convertible notes agreement under ASC 815, which generally requires the analysis embedded terms and features that have characteristics of derivatives to be evaluated for bifurcation and separate accounting in instances where their economic risks and characteristics are not clearly and closely related to the risks of the host contract. None of the embedded terms in the convertible notes required bifurcation and liability classification. However, the Company was required to determine if the debt contained a beneficial conversion feature (“BCF”), which is based on the intrinsic value on the date of issuance. The Company evaluated the convertible notes for a beneficial conversion feature in accordance with ASC 470-20 “Debt with Conversion and Other Options”. The Company determined that the conversion price ($4.00) was below the market price ($5.48) as per an enterprise per share value appraised from an independent third party, and the convertible notes contained a beneficial conversion feature. In addition, notes issuance costs in connection with this note were $212,360 and reduced the carrying value of the convertible notes as a debt discount. The carrying value, net of debt discount, will be accreted over the term of the convertible notes from date of issuance to date of maturity using effective interest rate method. For the year ended June 30, 2024 and 2023, amortization of debt discount amounted to $0 and $46,296, respectively. Upon completion of the Company’s Offering on August 15, 2022, the above mentioned convertible note balance, net of unamortized discount amounted to $1,877,620 was converted into 7,585 (530,900 pre reverse split) shares of the Company’s common stock. Meanwhile, additional 228 (15,927 pre reverse split) shares of common stock were issued to this accredited investor as success fees. On January 3, 2022, the Company had entered into a loan agreement (the “Tophill Loan Agreement 1”) with a third party to borrow up to approximately $4.8 million with up to 3.5% per annum interest rate. The loan is due on demand together with interest accrued thereon. On March 14, 2022, the Company and above mentioned third party had made amendment to the Tophill Loan Agreement 1. Pursuant to the amendment, the aggregate outstanding principal amount of all Loans plus any accrued and unpaid interest (“Loan balance”) thereon as of the closing date of the IPO shall automatically converted into a number of shares of the Company’s common stock equal to the Loan balance divided by 80% of the public offering price of the Company’s common stock in the IPO; and the loan agreement shall terminate and no additional amounts under the loan agreement will be available to the Company and after taking into consideration the conversion of the Loan balance, no amount under any loan shall be outstanding. In addition, the Company entered into another Loan Agreement (the “Tophill Loan Agreement 2”) dated May 13, 2022 with Tophill, pursuant to which Tophill provided the company with a revolving loan facility to borrow up to RM 50,000,000 (approximately $11.9 million) bearing interest at 3.5% per annum, which is payable on demand. Meanwhile, the agreement provides that (i) all principal and accrued and unpaid interest outstanding under the Tophill Loan Agreement 2 on the closing of the Company’s initial public offering will automatically be converted into shares of the Company’s common stock at a conversion price that is equal to 80% of the initial public offering price and (ii) the Tophill Loan Agreement 2 terminates on the closing date of the Company’s initial public offering. The Company evaluated the loan agreement under ASC 815, which generally requires the analysis embedded terms and features that have characteristics of derivatives to be evaluated for bifurcation and separate accounting in instances where their economic risks and characteristics are not clearly and closely related to the risks of the host contract. None of the embedded terms in the loan required bifurcation and liability classification. However, the Company was required to determine if the debt contained a beneficial conversion feature (“BCF”), which is based on the intrinsic value on the date of issuance. The Company evaluated the loan for a beneficial conversion feature in accordance with ASC 470-20 “Debt with Conversion and Other Options”. The Company determined that the conversion price ($4.38) was below the market price ($5.48) as per an enterprise per share value appraised from an independent third party, and the loan contained a beneficial conversion feature. The carrying value, net of debt discount, will be accreted over the term of the loan from date of issuance to the date of maturity using effective interest rate method, recorded as current liabilities. For the years ended June 30, 2024 and 2023, amortization of debt discount amounted to $0 and $950,360 pertained to aforementioned convertible notes, respectively. Upon completion of the Company’s Offering on August 15, 2022, the remaining principal and accrued interest balance related to Tophill Loan Agreement 1 and Agreement 2 amounted to $8,639,307 was converted into 39,384 (2,756,879 pre reverse split) shares of the Company’s common stock. In May, June, July, September, October, and December 2021, the Company issued various batches of convertible notes to 10 accredited investors which included 5 third parties in the aggregate principal amount of $3,580,488 and 5 related parties in the aggregate principal amount of $2,437,574. Pursuant to the agreement, the maturity date is 36 months after the issuance, provided that if an IPO listing is not successful, the accredited investors should be entitled to require the Company to redeem the convertible notes at the subscription/conversion of $6.90 per share along with interest payable at the rate of 12.0% per annum. The Company also evaluated the convertible notes agreement under ASC 815 and determined none of the embedded terms in the convertible notes required bifurcation and liability classification. However, the Company was required to determine if the debt contained a BCF and determined that the conversion price ($6.90) was above the market price ($5.48) as per an enterprise per share value appraised from an independent third party, and the convertible notes do not contain a beneficial conversion feature. As a result, the Company record the proceeds received from these convertible notes as a liability in its entirely. Upon completion of the Company’s Offering on August 15, 2022, the balance of these convertible notes amounted to $6,018,062 was converted into 12,460 (872,183 pre reverse split) shares of common stock, among which, $2,437,574 was converted into 5,047 (353,272 pre reverse split) shares of common stock are belonged to the related parties. On February 28, 2023, the Company entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with YA II PN, Ltd., (“YA II PN”), a third party. Pursuant to the Securities Purchase agreement, YA II PN agreed to purchase two unsecured convertible notes, in the aggregate principal amount of up to $5,500,000.00 in a private placement (the “Private Placement”) for a purchase price with respect to each convertible note of 92% of the initial principal amount of such convertible notes. The convertible notes accrue or will accrue interest at 4.0% per annum and has a 12-month term after disbursement. The conversion price, as of any conversion date or other date of determination, is the lower of (i) $1.6204 per share of Common Stock (the “Fixed Conversion Price”) or (ii) 93% of the lowest volume-weighted average price (“VWAP”) of the common shares on the primary market during the 10 consecutive trading days immediately preceding the date on which YA II PN exercises its conversion right in accordance with the requirements of the applicable convertible debenture or other date of determination, but not lower than $0.25 per share (the “Floor Price”). The conversion price will be subject to adjustment to give effect to any stock dividend, stock split or recapitalization. YA II PN may not during any calendar month convert more than an aggregate of the greater of (a) 25% of the aggregate dollar value traded on the Primary Market during such calendar month or (b) $1,100,000 of principal amount of the Convertible Debentures (plus accrued and unpaid Interest) utilizing the variable conversion price. This limitation shall not apply (i) at any time upon the occurrence and during the continuance of an Event of Default, and (ii) with respect to any conversions utilizing the Fixed Conversion Price. This limitation may be waived with the consent of the Company. Notwithstanding anything to the contrary contained above, the Company shall not issue more than 49,370 (3,455,894 pre reverse split) shares of Common Stock (the “Exchange Cap”) pursuant to the terms of the Convertible, except that such limitation shall not apply in the event that the Company (A) obtains the approval of its stockholders as required by the applicable rules of the Nasdaq Stock Market for issuances of shares of Common Stock in excess of such amount or (B) obtains a written opinion from outside counsel to the Company that such approval is not required, which opinion shall be reasonably satisfactory to the holder of the Convertible Debentures. It is a closing condition to the purchase by the Buyer of the $3,500,000 Convertible Debenture that such shareholder approval be obtained. As of June 30, 2023, YA II PN purchased two unsecured convertible notes consist of $2,000,000 (“Tranche 1”) and $3,500,000 (“Tranche 2”) in principal amount. The Company evaluated the Securities Purchase Agreement under ASC 815, which generally requires the analysis embedded terms and features that have characteristics of derivatives to be evaluated for bifurcation and separate accounting in instances where their economic risks and characteristics are not clearly and closely related to the risks of the host contract. None of the embedded terms in the convertible notes required bifurcation and liability classification. However, the Company was required to determine if the debt contained a beneficial conversion feature (“BCF”), which is based on the intrinsic value on the date of issuance. The Company evaluated the convertible notes for a beneficial conversion feature in accordance with ASC 470-20 “Debt with Conversion and Other Options”. The Company determined that the conversion price of Tranche 1 ($1.55) and Tranche 2 ($1.30), was below the market price of Tranche 1 ($1.56) and Tranche 2 ($1.38) as per stock price listed in the stock market on February 28, 2023, and June 14, 2023, respectively, therefore, the convertible notes contained a beneficial conversion feature. For the year ended June 30, 2024, $1,782,710 of these convertible notes along with $28,360 accrued interest was converted into 40,322 (2,822,472 pre reverse split) shares of common stock. On September 28, 2023, a Floor Price trigger event occurred as the Company’s daily VWAP is less than the Floor Price. According to the Securities Purchase Agreement, the Company was obligate to make monthly payments starting on the 10th day after the Trigger Date, consisting of the lesser of $1,000,000 or the outstanding principal amount (the “Triggered Principal Amount”), a 7% redemption premium on the Triggered Principal Amount, and accrued unpaid interest. For the year ended June 30, 2024, the Company has remit $284,790 redemption premium to YA II PN as a result of Floor Price triggering event. In December and October 2023, the Company has collectively repaid $3,367,290 principal balance pertained to above mentioned convertible notes. In addition, 8% of purchase discount in connection with above mentioned convertible notes amounted to $440,000 reduced the carrying value of the convertible note as a debt discount. The carrying value, net of debt discount, will be accreted over the term of the convertible note from date of issuance to date of maturity using effective interest rate method. For the year ended June 30, 2024, amortization of debt discount were $358,284 pertained to convertible notes from YA II PN. As of June 30, 2024 and 2023, the convertible notes payable, net from YA II PN was amounted to $0 The Company has convertible notes payable, net of unamortized discounts as follows: Face value Unamortized Convertible Third Related June 30, 2022 balance 14,108,876 (717,260 ) 13,391,616 10,954,042 2,437,574 Issuance of convertible notes 8,172,093 (1,189,074 ) 6,983,019 6,983,019 - Amortization of debt discounts - 1,290,050 1,290,050 1,290,050 - Conversion (17,130,969 ) 245,980 (16,884,989 ) (14,447,415 ) (2,437,574 ) Exchange rate effect - 12,020 12,020 12,020 - June 30, 2023 balance $ 5,150,000 $ (358,284 ) $ 4,791,716 $ 4,791,716 $ - Amortization of debt discounts - 358,284 358,284 358,284 - Repayments (3,367,290 ) - (3,367,290 ) (3,367,290 ) - Conversion (1,782,710 ) - (1,782,710 ) (1,782,710 ) - June 30, 2024 balance $ - $ - $ - $ - $ - For the years ended June 30, 2024 and 2023, interest expenses related to the aforementioned convertible notes amounted to $69,041 and $85,184, respectively.

Other Payables and Accrued Liab

Other Payables and Accrued Liabilities	12 Months Ended
	Jun. 30, 2024
Other Payables and Accrued Liabilities [Abstract]
Other payables and accrued liabilities	Note 11 – Other payables and accrued liabilities As of As of Accrued professional fees (i) $ 202,000 $ 233,600 Accrued promotion expenses (ii) - 39,538 Accrued payroll 69,147 157,542 Accrued interest (iii) 2,375 79,936 Payables to merchant from ZCITY platform (iv) 201,338 174,056 Others 29,022 38,724 Total other payables and accrued liabilities $ 508,657 $ 723,396 (i) Accrued professional fees The balance of accrued professional fees represented amount due to third parties service providers which include mobile application developing, marketing consulting service, IT related professional service, audit fee, tax filing fee, and consulting fee related to capital raising. (ii) Accrued promotion expense The balance of accrued promotion expense represented the balance of profit sharing payable to the Company’s merchant and subscribed agents to promote business growth. (iii) Accrued interest The balance of accrued interest represented the balance of interest payable from convertible notes aforementioned in Note 10. (iv) Payables to merchants from ZCITY platform The balance of payables to merchants from ZCITY platform represented the amount the Company collected on behalf of merchant from its customer through the Company’s ZCITY platform.

Related Party Balances and Tran

Related Party Balances and Transactions	12 Months Ended
	Jun. 30, 2024
Related Party Balances and Transactions [Abstract]
Related Party balances and transactions	Note 12 – Related party balances and transactions Related party balances Other receivable, a related party Name of related party Relationship Nature As of As of Ezytronic Sdn Bhd Jau Long “Jerry” Ooi is the common shareholder Equipment rental deposit $ 12,246 $ 12,379 Other payables, related parties Name of Related Party Relationship Nature As of As of True Sight Sdn Bhd Su Huay “Sue” Chuah, the Company’s Former Chief Marketing Officer is the shareholder of this entity Consulting fee $ - $ 345 Ezytronic Sdn Bhd Jau Long “Jerry” Ooi is a common Operating expense paid on behalf 761 1,315 Total $ 761 $ 1,660 Amount due to related parties Name of Related Party Relationship Nature As of As of Chong Chan “Sam” Teo Former Directors,Former Chief Executive Officer, and Shareholder of TGL Interest-free loan, due on demand $ - $ 186,579 Kok Pin “Darren” Tan Shareholder of TGL Interest-free loan, due on demand - 134,381 Total $ - $ 320,960 Related party loan On December 7, 2020, the Company obtained right of use of a vehicle through signing a trust of deed with Chan Chong “Sam” Teo, the Chief Executive Officer and a shareholder of TGL. In return, the Company is obligated to remit monthly installment auto loan payment related to this vehicle on behalf of the related party mentioned above. The total amount of loan that the Company is entitled to repay is approximately $27,000 (RM 114,000). The auto loan bear 5.96% of interest rate per annum with 60 equal monthly installment payment due on the first of each month. As of June 30, 2024, such loan has an outstanding balance of $9,081, of which $2,743 due after 12 months period and classified as related party loan, non-current portion. The interest expense was $1,414 and $1,779 for the years ended June 30, 2024 and 2023, respectively. Related party transactions Revenue from related parties Name of Related Party Relationship Nature For the For the Matrix Ideal Sdn Bhd Yu Weng Lok is a common shareholder Sales of products $ - 126 Purchase from related parties Name of Related Party Relationship Nature For the For the Ezytronic Sdn Bhd Jau Long “Jerry” Ooi is a common shareholder Purchase of products $ 25,446 $ 22,036 Equipment purchased from a related party Name of Related Party Relationship Nature For the For the Ezytronic Sdn Bhd Jau Long “Jerry” Ooi is a common shareholder Purchase of equipment $ 14,093 $ 52,328 Operating expenses from related parties Name of Related Party Relationship Nature For the For the World Cloud Ventures Sdn Bhd Shareholder of TGI Operating expense - 55,484 VCI Global Limited Shareholder of TGI Operating expense 15,000 - Imej Jiwa Communications Sdn Bhd Voon Him “Victor” Hoo, the Company’s former Chairman and Managing Director is the director of this entity Consulting fess - 2,744 Ezytronic Sdn Bhd Jau Long “Jerry” Ooi Operating expense 25,278 True Sight Sdn Bhd Su Huay “Sue” Chuah, the Company’s Former Chief Marketing Officer is a 40% shareholder of this entity Consulting fees 40,947 290,476 Total $ 81,225 $ 348,704

Stockholders' Deficiency

Stockholders' Deficiency	12 Months Ended
	Jun. 30, 2024
Stockholders’ deficiency [Abstract]
Stockholders’ deficiency	Note 13 – Stockholders’ deficiency Common stock Prior to October 2021, TGL is authorized to issue 10,000,000 shares having a par value of $0.00001 per share. In October 2021, TGL increased its authorized shares to 170,000,000 shares as part of the Reorganization with ZCITY, consisting of 150,000,000 shares of common stock with $0.00001 par value, and 20,000,000 shares of preferred stock with $0.00001 par value. The share capital increased of TGL presented herein is prepared on the basis as if the Reorganization became effective as of the beginning of the first period presented of shares capital of ZCITY. On February 22, 2024, a Certificate of Amendment to the Certificate of Incorporation, as amended, of the Company with the Secretary of State of the State of Delaware (the “Certificate of Amendment”) that provides for a 1-for-70 reverse stock split (the “Split”) of its shares of common stock, par value $0.00001 per share. 1-for-70 Reverse stock split On February 27, 2024, the Company effected a 1:70 reverse stock split of its shares of common stock. The Company believed it is appropriate to reflect the above transactions on a retroactive basis similar to those after a stock split or dividend pursuant to ASC 260. All shares and per share amounts used herein and in the accompanying consolidated financial statements have been retroactively stated to reflect the effect of the reverse stock split. Upon execution of the 1-for-70 reverse stock split, the Company recognized additional 8 shares of common stock due to round up issue. Beneficial conversion feature from issuance of convertible note On January 3, 2022 and May 13, 2022, the Company entered into 2 loan agreements which allow the third party to convert the loan balance along with interest balance incurred into a number of shares of the Company’s common stock as of the closing date of the IPO. For the year ended June 30, 2023, the Company has withdrew additional $2,686,914 from these loan agreements. As the Company determined that loan contained a beneficial conversion feature, the Company recognized the fair value of embedded conversion feature of $537,383 in the convertible notes as additional paid-in capital and reduced the carrying value of the convertible notes as a debt discount for the year ended June 30, 2023. From February to June, 2023, the Company issued two convertible notes, to a third party, in an aggregate principal amount of $5,500,000. As the Company determined these convertible notes contained a beneficial conversion feature, therefore, the Company recognized the fair value of embedded conversion feature of $211,679 in the convertible notes as additional paid-in capital and reduced the carrying value of the convertible notes as a debt discount for the year ended June 30, 2023. Common stock issued upon conversion of convertible note payable, net of unamortized discounts For the year ended June 30, 2023, the Company issued 64,335 (4,503,412 pre reverse split) shares of common stock upon the conversion of $16,913,941 of convertible note payable, net of unamortized discounts and accrued interest (Note 10), among which, $2,437,574 was converted into 5,047 (353,272 pre reverse split) shares of common stock are belonged to the related parties For the year ended June 30, 2024, the Company issued 68,061 (4,764,200 pre reverse split) shares of common stock upon conversion of $1,811,070 of convertible note payable, net of unamortized discounts and accrued interest. (Note 10). Common stock issued from the Offering, net of issuance costs On August 15, 2022, the Company had closed its initial underwritten public offering of 32,857 (2,300,000 pre reverse split) shares of common stock, which included the full exercise of the underwriter’s over-allotment option, at a public price of $4.00 per share. The Company received net proceeds of approximately $8.2 million, net of underwriting discounts and commissions and fees, other offering expenses amounted to approximately $1.0 million, and fair value of warrants issued to the underwriters of approximately $0.2 million. Common stock issued for consulting services -Advisory service agreement with Exchange Listing, LLC In July 2021, the Company signed a capital market advisory agreement (“Agreement”) with Exchange Listing, LLC (“Consultant”), to engage in advisory service in capital market advisory, corporate governance, and organizational meeting. The term of this Agreement shall commence on the execution date and shall continue until the later of nine months or until the Company is trading on a senior exchange or otherwise extended by both parties. The Company extended the contract term until the Company is trading on a senior exchange. Upon execution of this agreement, the Company agrees to sell to the Consultant, or its designees shares of the Company’s common stock which equivalents to 2% of the Company’s fully – diluted shares outstanding, at $0.001 per share. The Company estimated the fair value of the common stock issued to the Consultant for the year ended June 30, 2022 by using the market price $5.48 per share as per an enterprise per share value appraised from an independent third party. After completion of the Company’s Offering on August 15, 2022, the Company had issued additional 1,570 (109,833 pre reverse split) shares of common stock to ensure that the Consultant’s total shares of the Company’s common stock equivalents to 2% of the Company’s fully – diluted shares outstanding using the fair value of $4.00 per share with the fair value of $439,332. For the years ended June 30, 2024, and 2023, the Company incurred stock-based compensation expenses related to the aforementioned Consultant amounting to $0 and $439,332, respectively. -Marketing service agreement with TraDigital Marketing Group In May 2024, the Company signed a marketing agreement (the “Marketing Agreement”) with TraDigital Marketing Group (“TraDigital”) to engage in consulting services for investor relations and digital marketing. The services are to be provided over three days, commencing on or after May 5, 2024. Pursuant to the Marketing Agreement, the Company agreed to pay $120,000 in cash and to issue 20,000 shares of the Company’s common stock with fair value of $4.1 per share to TraDigital in exchange for its consulting services. For the years ended June 30, 2024, and 2023, the Company incurred stock-based compensation expenses related to TraDigital amounting to $82,000 and $0, respectively. Common stock issued to former director On March 20, 2023, Voon Him “Victor” Hoo has resigned as managing director and chairman of the Company. To compensate Victor for his service, the Board approved to issue 285,714 shares of common stock which is equivalent to $380,000 based on the closing price of the Company’s closing stock on March 21, 2023 to Victor. Common stock issued from the November 2023 Offering, net of issuance costs On November 30, 2023, The Company had closed the November 2023 Offering of 371,629 (26,014,000 pre reverse split) shares of common stock, at a public offering price of $0.10 per share, and 14,000,000 Pre-Funded Warrants, each with the right to purchase 0.01 (one share pre reverse split) of Common Stock, at a public offering price of $0.0999 per Pre-Funded Warrant. The Company received net proceeds from November 2023 Offering of approximately $3.5 million, net of underwriting discounts and commissions and fees, other offering expenses amounted to approximately $0.5 million. Common stock issued from the Marketing Offering, net of issuance costs On March 22, 2024, the Company and H.C. Wainwright & Co., LLC, (the “Manager”) entered into a marketing offering agreement (“Marketing Offering Agreement”). Pursuant to the Marketing Offering Agreement, the Company intends to issue and sell through or to the Manager, as sales agent and / or principal from time to time of the Company’s common stock at the Market Offering. For the year ended June 30, 2024, the Company received an aggregated net proceed of $431,811, net of broker fee from issuance of 94,889 shares of common stock which sell through or to the Manager. Common stock issued for acquiring intangible assets - AI Lab Martech Sdn. Bhd. On October 12, 2023, the Company, and AI Lab Martech Sdn. Bhd. (the “Licensor”) entered into a License and Service Agreement (the “License Agreement”), in which the Licensor shall provide a non-exclusive, non-transferable, royalty-free license to use and operate an AI software solutions (the “AI Software”) in exchange for the issuance of $563,000 worth of common stock of the Company, or 42,044 (2,943,021 pre reverse split) shares valued at $13.39 ($0.1913 pre reverse split) per share. The License Agreement is for a period of 12 months. - VT Smart Venture Sdn Bhd On December 19, 2023, the Company and VT Smart Venture Sdn Bhd (the “Developer”), a company that is in the business of, among other things, technology services, entered into a Software Development Agreement (the “Agreement”), in which the Developer shall provide application, services and turnkey solutions on software development in various aspects, including customization, software design layout, creative media platform development, artificial embedded and artificial intelligence related media platform and design in exchange for $1,000,000 worth of common stock, par value $0.00001 per share, of the Company, or 142,857 (10,000,000 pre reverse split) shares valued at $0.10 per share. The Agreement is for a period of one month. - Myviko Holding Sdn. Bhd Bhd On March 12, 2024, the Company and Myviko Holding Sdn. Bhd. (the “Seller”) entered into a Software Purchase Agreement (the “Purchase Agreement”), in which the Seller agreed to transfer all rights, title and interest to the Company, including without limitation, all computer software and its source code and software licenses in exchange for the issuance of $1,000,000 worth of common stock, par value $0.00001 per share, of the Company. Pursuant to the Purchase Agreement, the Shares will be issued within 5 business days from the effective date of the Purchase Agreement and will be restricted securities and not be listed on any exchange. As of June 30, 2024, the Company has issued 198,412 shares to the Seller. - MYUP Solution Sdn Bhd On April 8, 2024, The Company and MYUP Solution Sdn Bhd (the “Seller 2”), a company that is in the business of, among other things, technology services, entered into a Software Purchase Agreement (the “ Purchase Agreement 2 As of June 30, 2024, the Company has issued 126,081 shares to the Seller 2. - Falcon Gateway Sdn Bhd On May 27, 2024, the Company and Falcon Gateway Sdn Bhd (the “Seller 3”), a company that is in the business of, among other things, technology services, entered into a Software Purchase Agreement (the “Purchase Agreement 3”), in which the Seller agreed to sell to the Company a certain software application in exchange for $495,000 worth of common stock, par value $0.00001 per share, of the Company, or 125,954 shares valued at $3.93 per share. As of June 30, 2024, the Company has issued 125,954 shares to the Seller 3. Common stock issued to related parties for debts cancellation On October 30, 2023, the Company issued a total of 25,954 (1,816,735 restricted shares of common stock to the Company’s Chief Executive Officer, Chong Chan “Sam” Teo, and shareholder, Kok Pin “Darren” Tan (collectively, the “Creditors”) in exchange for the cancellation of $321,562 in aggregate indebtedness owed to the Creditors. Capital Contribution In February 2024, the Company’s Chief Executive Officer, Chong Chan “Sam” Teo, made a capital contribution of $16,348 in addition to the debt cancellation, as further consideration for the common stock issued to him in October 2023. Warrants - Issuance of warrants - non- employee stock compensation Pertain to above mentioned Agreement with the Consultant, on August 15, 2022, the Company also issued 300,000 warrants to the Consultant or its designees exercisable for a period of five years at $4.00 per share upon completion of the Company’s Offering. Meanwhile, on the same date, the Consultant had exercised all of its warrants on cashless basis and received 2,245 (157,143 pre reverse split) shares of the Company’s common stock. The fair value of the warrants which was determined by using the Black Scholes model using the following assumptions: (1) expected volatility of 49.0%, (2) risk-free interest rate of 0.89%, (3) expected life of 5.0 years, (4) exercise price of $4.0 and (5) estimated market price of $5.48 on July 1, 2020, the date of which the consulting agreement was entered. Based on above assumption, the fair value of the warrants were estimated to be $856,170. - Issuance of the underwriters warrants On August 10, 2022, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with EF Hutton, division of Benchmark Investments, LLC, as representative of the underwriters (the “Representative”), relating to the Offering of 32,858 (2,300,000 pre reverse split) shares of the Company’s common stock, par value $0.00001 per share, at an Offering price of $280 ($4.00 pre reverse split) per share. Pursuant to the Underwriting Agreement, in exchange for the representative’s firm commitment to purchase the Shares, the Company agreed to issue the underwriters warrants (the “Representative’s Warrants”) to purchase an aggregate of 1,428 (100,000 pre reverse split) shares of the Company’s common stock, which is equal to five percent (5%) of the shares sold in the Offering, excluding the over-allotment option, at an exercise price of $5.00, which is equal to 125% of the Offering price. The Representative’s Warrant may be exercised beginning on February 10, 2023, until August 10, 2027. As of June 30, 2024, none of the warrants has been exercised by the Representative. The fair value of the warrants which was determined by using the Black Scholes model using the following assumptions: (1) expected volatility of 54.8%, (2) risk-free interest rate of 2.91%, (3) expected life of 5.0 years, (4) exercise price of $5.0 and (5) stock price of $4.0 on August 15, 2022, the date of which the warrants were issued. Based on above assumption, the fair value of the warrants were estimated to be $175,349. - Issuance of the Pre-Funded Warrants On November 28, 2023, the Company entered into an underwriting agreement (the “Underwriting Agreement 2”) with EF Hutton LLC as the underwriter, relating to the November 2023 Offering of (i) 371,629 (26,014,000 pre reverse split) shares of common stock, at a public offering price of $0.10 per share, and (ii) 14,000,000 Pre-Funded Warrants, each with the right to purchase 0.01 (one pre reverse split) share of Common Stock, at a public offering price of $0.0999 per Pre-Funded Warrant. The Pre-Funded Warrants became exercisable immediately upon issuance, at an exercise price of $0.0001 or through cashless option. The Pre-Funded Warrants are classified as a component of permanent stockholders’ equity within additional paid-in capital and were recorded at the issuance date using a relative fair value allocation method. The Pre-Funded Warrants are equity classified because they (i) are freestanding financial instruments that are legally detachable and separately exercisable from the equity instruments, (ii) are immediately exercisable, (iii) permit the holders to receive a fixed number of shares of common stock upon exercise, (iv) are indexed to the Company’s common stock. The Company valued the Pre-Funded Warrants at issuance concluding the purchase price approximated the fair value and allocated net proceeds from the purchase proportionately to the common stock and Pre-Funded Warrants, of which $1,398,600 was allocated to the Pre-Funded Warrants and recorded as a component of additional paid in capital. - Exercise of the Pre-Funded Warrants In December 2023 and January 2024, the holder of Pre-Funded Warrants have collectively exercised 14,000,000 the Pre-Funded Warrants into 200,000 (14,000,000 pre reverse split) shares of the Company’s common stock at an exercise price of $0.0001 per share. Warrants outstanding as of June 30, 2024 are as follows: Shares Weighted Weighted Outstanding at June 30, 2023 100,000 $ 5.00 4.1 Granted 14,000,000 0.0001 - Exercised (14,000,000 ) - - Outstanding at June 30, 2024 100,000 $ 5.00 3.1 Employee stock compensation In June 2024, the Company executed executive employment agreements (“Employment Agreements”) with three individuals, appointing them as the Company’s executive officers. Under the terms of the Employment Agreements, each executive officer is entitled to receive a predetermined monetary value of the Company’s common stock as annual compensation for the first year, with stock compensation for subsequent years contingent upon performance. The stock compensation is prorated on a monthly basis and is subject to the restrictions of Securities Act Rule 144. For the fiscal year ended June 30, 2024, the Company recognized $11,111 in stock-based compensation expense attributable to the Employment Agreement. However, none of the shares had been issued or settled by the Company as of June 30, 2024.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2024
Income Taxes [Abstract]
Income taxes	Note 14 – Income taxes The United States and foreign components of loss before income taxes were comprised of the following: For the years ended June 30, 2024 2023 Tax jurisdictions from: - Local – United States $ (3,919,962 ) $ (3,728,225 ) - Foreign – Malaysia (2,626,946 ) (7,901,870 ) Loss before income tax $ (6,546,908 ) $ (11,630,095 ) The provision for income taxes consisted of the following: For the years ended June 30, 2024 2023 Tax jurisdictions from: - Local – United States $ 33,680 $ 97,616 - Foreign – Malaysia 6,035 - Provision for income taxes $ 39,715 $ 97,616 United States of America TGL was incorporated in the State of Delaware and is subject to the tax laws of the United States of America. As of June 30, 2024, the operations in the United States of America incurred $8,340,387 of cumulative net operating losses which can be carried forward indefinitely to offset future taxable income, and can be used to offset up to 80% of taxable income for losses arising in tax years beginning after June 30, 2022. The deferred tax valuation allowance as of June 30, 2024 and June 30, 2023 were $1,751,481 and $1,177,486, respectively. TGL also subject to controlled foreign corporations Subpart F income (“Subpart F”) tax, which is a tax primarily on passive income from controlled foreign corporations with a tax rate of 35%. In addition, the Tax Cuts and Jobs Act imposed a global intangible low-taxed income (“GILTI”) tax, which is a tax on certain off-shore earnings at an effective rate of 10.5% for tax years (50% deduction of the current enacted tax rate of 21%) with a partial offset for 80% foreign tax credits. If the foreign tax rate is 13.125% or higher, there will be no U.S. corporate tax after the 80% foreign tax credits are applied. For the years ended June 30, 2024 and 2023, the Company’s foreign subsidiaries did not generate any income that are subject to Subpart F tax and GILTI tax. Malaysia ZCITY, Foodlink, Morgan, and AY Food are governed by the income tax laws of Malaysia and the income tax provision in respect of operations in Malaysia is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof. Under the Income Tax Act of Malaysia, enterprises that incorporated in Malaysia are usually subject to a unified 24% enterprise income tax rate while preferential tax rates, tax holidays and even tax exemption may be granted on case-by-case basis. As of June 30, 2024, the operations in the Malaysia incurred $22,033,996 of cumulative net operating losses which can be carried forward for a maximum period of ten consecutive years to offset future taxable income. The deferred tax valuation allowance as of June 30, 2024 and 2023 were $5,288,159 and $4,927,995, respectively. The following table reconciles the local (United States) statutory rates to the Company’s effective tax rate for the periods indicated below: For the years ended June 30, 2024 2023 U.S. statutory rate 21.0 % 21.0 % Differential of Malaysia statutory tax rate 1.2 % 2.0 % Change in valuation allowance (19.0 )% (23.8 )% Permanent difference (3.8 )% - % Effective tax rate (0.6 )% (0.8 )% The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of: As of As of Deferred tax assets: Net operating loss carry forwards in U.S. $ 1,751,481 $ 1,177,486 Net operating loss carry forwards in Malaysia 5,288,159 4,927,995 Allowance for credit losses 51,157 - Unrealized holding loss on marketable securities 173,957 - Amortization of debt discount 156,403 70,415 Less: valuation allowance* (7,421,158 ) (6,175,896 ) Deferred tax assets $ - $ - * Change in valuation allowance was amounted to $1,245,262 and $2,492,329 for the years ended June 30, 2024 and 2023, respectively. Uncertain tax positions The Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of June 30, 2024 and 2023, the Company did not have any significant unrecognized uncertain tax positions. The Company did not incur interest and penalties tax for the years ended June 30, 2024 and 2023.

Concentrations of Risks

Concentrations of Risks	12 Months Ended
	Jun. 30, 2024
Concentrations of Risks [Abstract]
Concentrations of risks	Note 15 – Concentrations of risks (a) Major customers For the years ended June 30, 2024 and 2023, no customer accounted for 10.0% or more of the Company’s total revenues. As of June 30, 2024, three customers account for approximately 65.3%, 19.3%, and 15.4% of the total balance of accounts receivable, respectively. As of June 30, 2023, two customers account for approximately 24.6% and 24.6% of the total balance of accounts receivable, respectively. (b) Major vendors For the years ended June 30, 2024, two vendors accounted for approximately 52.7% and 41.2% of the Company’s total purchases. For the years ended June 30, 2023, two vendors accounted for approximately 62.5% and 32.7% of the Company’s total purchases. As of June 30, 2024, two vendors accounted for approximately 85.1%, and 11.6% of the total balance of accounts payable. As of June 30, 2023, one vendor accounted for 91.0% of the total balance of accounts payable. (c) Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. As of June 30, 2024 and 2023, $198,952 and $4,593,634 were deposited with financial institutions or fund received from customer being held in third party platform’s fund account, and $85,308 and $2,458,638 of these balances are not covered by deposit insurance, respectively. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness. Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its accounts receivable is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an provision for estimated credit losses based upon factors surrounding the credit risk of specific customers, historical trends and other information. (d) Exchange rate risk The Company cannot guarantee that the current exchange rate will remain steady; therefore, there is a possibility that the Company could post the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of RM converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

Leases

Leases	12 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Note 16 – 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’s office lease was classified as operating leases. The lease generally do not contain options to extend at the time of expiration. Upon adoption of FASB ASU 2016-02 on July 1, 2022, the Company recognized $84,829 ROU asset and same amount of operating lease liability based on the present value of the future minimum rental payments of leases, using a discount rate of 3.5% based on duration of lease terms. As of June 30, 2024, the weighted-average lease term is 0.5 years for the remaining leases. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company’s lease liabilities under the remaining operating leases as of June 30, 2024 for the next five years is as follows: June 30, 2025 $ 17,554 2026 - Total undiscounted lease payments 17,554 Less imputed interest (297 ) Total lease liabilities $ 17,257 Lease expense for the years ended June 30, 2024 and 2023 were $40,676, and $38,496 , respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2024
Commitments and Contingencies [Abstract]
Commitments and contingencies	Note 17 – Commitments and contingencies Contingencies Legal From time to time, the Company is party to certain legal proceedings, as well as certain asserted and un-asserted claims. Amounts accrued, as well as the total amount of reasonably possible losses with respect to such matters, individually and in the aggregate, are not deemed to be material to the consolidated financial statements.

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	18 – SUBSEQUENT EVENTS The Company evaluated all events and transactions that occurred after June 30, 2024 up through September 30, 2024, the date the Company issued these consolidated financial statements. From July to September 2024, the Company received net proceed of $2,457,456, net of broker fee from issuance of 1,583,418 shares of common stock which sell through or to the Manager related to the Marketing Offering Agreement. On September 20, 2024, the Company entered into a partnership agreement (the “Agreement”) with Credilab Sdn. Bhd. (“CLSB”). Pursuant to the Agreement, the Company and CLSB will establish a strategic partnership aimed at leveraging their respective core competencies, resources, and market expertise to drive mutual benefit and growth. In September 2024, the Company issued 2,000,000 shares of its common stock to CLSB in exchange for CLSB’s integration of its credit services into the Company’s ZCity App. In addition, the Company will introduce portfolio clients (“Portfolio Clients”) to CLSB via the ZCity App, and in return, the Company will share one – third of the revenue and processing fee from CLSB’s profit derived from Portfolio Client. The five-year partnership facilitates joint marketing efforts, profit-sharing, and further strategic collaboration between the parties.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (6,586,623)	$ (11,727,711)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Going concern	Going concern In assessing the Company’s liquidity and the significant doubt about its ability to continue as a going concern, the Company monitors and analyzes cash on hand and operating expenditure commitments. The Company’s liquidity needs are to meet working capital requirements and operating expense obligations. To date, the Company has financed its operations primarily through cash flows from contributions from stockholders, issuance of convertible notes from third parties and related parties, related party loans, its initial underwritten public offering (the “Offering”), its underwritten public offering (the “November 2023 Offering”), and its market offering (the “Market Offering”) The Company’s management has considered whether there is substantial doubt about its ability to continue as a going concern due to: (1) recurring loss from operations of approximately $6.1 million for the year ended June 30, 2024; (2) accumulated deficit of approximately $38.0 million as of June 30, 2024; and (3) net operating cash outflow of approximately $4.7 million for the year ended June 30, 2024. On August 15, 2022, the Company closed its Offering of 32,857 (2,300,000 pre reverse split) shares of common stock, par value $0.00001 per share, at $280 ($4.00 pre reverse split) per share. The Company received aggregate net proceeds from the closing of approximately $8.2 million, after deducting underwriting discounts, commissions, fees, and other estimated offering expenses. From February 2023 to June 2023, the Company issued two convertible notes to a third party, in an aggregate principal amount of $5,500,000. Upon completion of these transactions, the Company received $5,060,000 in net proceeds from this third party, net of debt discount. The convertible notes accrue or will accrue interest expense at 4% per annum and have a 12-month term. On November 30, 2023, the Company closed its November 2023 Offering of (i) 371,628 (26,014,000 pre reverse split) shares of common stock, par value $0.00001 per share, at a public offering price of $0.10 per share of Common Stock and (ii) 14,000,000 pre-funded warrants (the “Pre-Funded Warrants”), each with the right to purchase 0.01 (one share pre reverse split) of Common Stock, at a public offering price of $0.0999 per Pre-Funded Warrants. Upon closing of the November 2023 Offering, the Company received an aggregated net proceed of approximately $3.5 million, after deducting underwriting discounts, and non-accountable expense. On March 22, 2024, the Company and H.C. Wainwright & Co., LLC, (the “Manager”) entered into a marketing offering agreement (“Marketing Offering Agreement”). Pursuant to the Marketing Offering Agreement, the Company intends to issue and sell through or to the Manager, as sales agent and / or principal from time to time of the Company’s common stock at the Market Offering. For the year ended June 30, 2024, the Company received an aggregated net proceed of approximately $0.4 million, net of broker fee from issuance of 94,889 shares of common stock which sell through or to the Manager. As disclosed in Note 18, the Company received net proceed of $2,457,456, net of broker fee from issuance of 1,583,418 shares of common stock which sell through or to the Manager related to the Marketing Offering Agreement. Despite receiving the net proceeds from the offerings, and issuance of convertible notes, the Company’s management is of the opinion that it will not have sufficient funds to meet the Company’s working capital requirements and debt obligations as they become due starting from one year from the date of this report due to the recurring loss. Therefore, management has determined that there is a significant doubt about its ability to continue as a going concern. If the Company is unable to generate significant revenue, it may be required to curtail or cease its operations. Management is trying to alleviate the going concern risk through the following sources: ● Equity financing to support its working capital; ● Financial support and credit guarantee commitments from the Company’s related parties. There, however, is no guarantee that the substantial doubt about the Company’s ability to continue as a going concern will be alleviated.
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 (“U.S. GAAP”) for information pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”).
Principles of consolidation	Principles of consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries. All transactions and balances among the Company and its subsidiaries have been eliminated upon consolidation. A subsidiary is an entity in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove the majority of the members of the board of directors, or to cast a majority of votes at the meeting of directors.
Enterprise wide disclosure	Enterprise wide disclosure The Company’s Chief Operating Decision Makers (CODM), which include the Chief Executive Officer and their direct reports, review financial information presented on a consolidated basis. This information is accompanied by a breakdown of revenues from different revenue streams, facilitating resource allocation and financial performance evaluation. The reporting of operating segments aligns with the internal reports provided to the CODM, a group composed of specific members of the Company’s management team. Following the disposal of Foodlink and its subsidiaries, along with their food and beverage product distribution and sublicensing operation on May 24, 2024, the Company now operates under a single segment which is payment processing and e-commerce operation in its ZCITY platform as of June 30, 2024.
Use of estimates	Use of estimates The preparation of these 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 disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in our consolidated financial statements include the estimated retail price per point and estimated breakage to calculate the revenue recognized in our loyalty program revenue, useful lives of property and equipment, impairment of long-lived assets, allowance for credit loss, write-down for estimated obsolescence or unmarketable inventories, realization of deferred tax assets and uncertain tax position, fair value of our stock price to determine the beneficial conversion feature (“BCF”) within the convertible note, fair value of the stock-based compensation, fair value of the marketable securities, and fair value of the warrants issued. Actual results could differ from these estimates.
Foreign currency translation and transaction	Foreign currency translation and transaction Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the consolidated statements of operations and comprehensive loss. The reporting currency of the Company is United States Dollars (“US$”) and the accompanying consolidated financial statements have been expressed in US$. The Company’s subsidiaries in Malaysia conducts their businesses and maintains their books and record in the local currency, Malaysian Ringgit (“MYR” or “RM”), as its functional currency. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive gain or loss within the consolidated statements of changes in stockholders’ deficiency. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Translation of foreign currencies into US$1 have been made at the following exchange rates for the respective periods: As of June 30, June 30, Period-end MYR: US$1 exchange rate 4.72 4.67 For the years ended 2024 2023 Period-average MYR: US$1 exchange rate 4.69 4.53
Cash and cash equivalents	Cash and cash equivalents Cash is carried at cost and represent cash on hand, time deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less. Cash equivalents consist of funds received from customer, which funds were held at the third-party platform’s fund account, and which are unrestricted and immediately available for withdrawal and use.
Accounts receivable, net	Accounts receivable, net Accounts receivable are recorded at the invoiced amount less an allowance for any uncollectible accounts and do not bear interest. The Company provides various payment terms from cash due on delivery to 90 days based on customer’s credibility. Accounts receivable include money due from sales of health care product on its ZCITY platform as well as sublicensing revenue, and sales of food and beverage products. Starting from July 1, 2023, the Company adopted ASU No.2016-13 “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASC Topic 326”). The Company used a modified retrospective approach, and the adoption does not have material impact on our consolidated financial statements. The carrying value of accounts receivable is reduced by an allowance for credit losses that reflects the Company’s best estimate of the amounts that will not be collected. An allowance for credit losses is recorded in the period when a loss is probable based on an assessment of specific evidence indicating collection is unlikely, historical bad debt rates, accounts aging, financial conditions of the customer and industry trends. Management also periodically evaluates individual customer’s financial condition, credit history, and the current economic conditions to make adjustments in the allowance for credit losses when it is considered necessary. Account balances are charged off against the allowance for credit losses after all means of collection have been exhausted and the potential for recovery is considered remote. The Company’s management continues to evaluate the reasonableness of the valuation allowance policy and update it if necessary. As of June 30, 2024 and 2023, the Company recorded $1,100, and $214 of allowance for credit loss, respectively. For the years ended June 30, 2024 and 2023, the Company record $182,544 and $601 additional allowance for credit loss against accounts receivable, respectively.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value, cost being determined on a first in first out method. Costs include gift card or “E-voucher” pin code which are purchased from the Company’s suppliers as merchandized goods or store credit. Costs also included health care products, foods and beverage products which are purchased from the Company’s suppliers as merchandized goods. Management compares the cost of inventories with the net realizable value and if applicable, an allowance is made for writing down the inventory to its net realizable value, if lower than cost. On an ongoing basis, inventories are reviewed for potential write-down for estimated obsolescence or unmarketable inventories which equals the difference between the costs of inventories and the estimated net realizable value based upon forecasts for future demand and market conditions. When inventories are written-down to the lower of cost or net realizable value, it is not marked up subsequently based on changes in underlying facts and circumstances. For the years ended June 30, 2024 and 2023, $483 and $0 write-down for inventories were recorded, respectively.
Other receivables and other current assets, net	Other receivables and other current assets, net Other receivables and other current assets consist of prepayment made by the Company to third parties for cyber security service, director & officer liability insurance (“D&O Insurance”), and other professional fee. Other receivables and other current assets also include refundable advance to third party service provider, and other deposits. Starting from July 1, 2023 , the Company adopted ASC Topic 326 on its other receivables using the modified retrospective approach. The new credit loss guidance replaces the old model for measuring the allowance for credit losses with a model that is based on the expected losses rather than incurred losses. Under the new accounting guidance, the Company measures credit losses on its other receivables using the current expected credit loss model under ASC 326. As of June 30, 2024 and 2023, the Company provided allowance for credit loss of $212,758 and $0
Prepayment	Prepayment Prepayments and deposits are mainly cash deposited or advanced to suppliers for future inventory purchases. This amount is refundable and bears no interest. For any prepayments determined by management that such advances will not be in receipts of inventories, services, or refundable, the Company will recognize an allowance account to reserve such balances. Management reviews its prepayments on a regular basis to determine if the allowance is adequate and adjusts the allowance when necessary. Delinquent account balances are written-off against allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. The Company’s management continues to evaluate the reasonableness of the valuation allowance policy and update it if necessary. As of June 30, 2024 and 2023, the Company did not record allowance for doubtful account against prepayment.
Property and equipment, net	Property and equipment, net Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets with no residual value. The estimated useful lives are as follows: Expected Computer and office equipment 5 years Furniture and fixtures 3-5 years Motor vehicles 5 years Leasehold improvement 3 years
Intangible assets, net	Intangible assets, net The Company’s acquired intangible assets with definite useful lives only consist of internal used software. The Company amortizes its intangible assets with definite useful lives over their estimated useful lives and reviews these assets for impairment. The Company typically amortizes its internal use software with definite useful lives on a straight-line basis over the shorter of the contractual terms or the estimated economic lives, which is determined to be approximately one to five years.
Impairment for long-lived assets	Impairment for long-lived assets Long-lived assets, including property and equipment, and intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based on the undiscounted future cash flows the assets are expected to generate and recognize an impairment loss when estimated undiscounted future cash flows expected to result from the use of the asset plus net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. If an impairment is identified, the Company would reduce the carrying amount of the asset to its estimated fair value based on a discounted cash flows approach or, when available and appropriate, to comparable market values. As of June 30, 2024 and 2023, no
Investment in marketable securities	Investment in marketable securities Investments in marketable securities, net, consist of investments in listed shares, which are listed on Nasdaq. Marketable securities are accounted for under ASC 321 and reported at their readily determinable fair values as quoted by market exchanges with changes in fair value recorded in other (expense) income in the consolidated statements of operations and comprehensive loss. All changes in a marketable security’s fair value are reported in earnings as they occur, as such, the sale of a marketable security does not necessarily give rise to a significant gain or loss. Unrealized gains/(losses) due to fluctuations in fair value are recorded in the consolidated statements of operations and comprehensive loss. Declines in fair value below cost deemed to be other-than-temporary are recognized as impairments in the consolidated statements of comprehensive income.
Customer deposits	Customer deposits Customer deposits represent amounts advanced by customers on service order. Customer deposits are reduced when the related sale is recognized in accordance with the Company’s revenue recognition policy. Additionally, customer deposits also include unamortized member subscription revenue.
Convertible notes	Convertible notes The Company evaluates its convertible notes to determine if those contracts or embedded components of those contracts qualify as derivatives. The result of this accounting treatment is that the fair value of the embedded derivative is recorded at fair value each reporting period and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statements of operations as other income or expense. In circumstances where the embedded conversion option in a convertible instrument is required to be bifurcated and there are also other embedded derivative instruments in the convertible instrument that are required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument. If the conversion features of conventional convertible debt provide for a rate of conversion that is below market value at issuance, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded by the Company as a debt discount pursuant to ASC Topic 470-20 “Debt with Conversion and Other Options.” In those circumstances, the convertible debt is recorded net of the discount related to the BCF, and the Company amortizes the discount to interest expense, over the life of the debt. Upon conversion, the carrying amount of the convertible note, net of the unamortized discount shall be reduced by, if any, the cash (or other assets) transferred and then shall be recognized in the capital accounts to reflect the shares issued and no gain or loss is recognized pursuant to ASC Topic 470-20-40-4.
Warrants	Warrants The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own common stock and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding. For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of equity at the time of issuance. As the Company’s warrants meet all of the criteria for equity classification, so the Company classified each warrant as its own equity.
Revenue recognition	Revenue recognition The Company adopted Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (ASC Topic 606) for all periods presented. The core principle underlying the revenue recognition of this ASU allows the Company to recognize - revenue that represents 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 will require 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. To achieve that core principle, the Company applies 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 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 is probable of substantially collection. Revenue recognition policies for each type of revenue stream are as follows:
Product revenue	Product revenue - Performance obligations satisfied at a point in time The Company primarily sells discounted gift cards (or E-vouchers) from retailers, health care products and computer products through individual order directly through the Company’s online marketplace platform and its mobile application (“ZCITY”). In addition, the Company through its subsidiaries, Morgan and AY Food, engages in sales of food and beverage products. When the Company is acting as a principal in the transaction, the Company accounts for the revenue generated from its sales of E-vouchers, health care products, computer products, and food and beverage product on a gross basis as the Company is responsible for fulfilling the promise to provide the specified goods, which the Company has control of the goods and has the ability to direct the use of goods to obtain substantially all the benefits. In making this determination, the Company assesses whether it is primarily obligated in these transactions, is subject to inventory risk, has latitude in establishing prices, or has met several but not all of these indicators in accordance with ASC 606-10-55-36 through 40. The Company determined that it is primarily responsible for fulfilling the promise to provide the specified good as the Company directly purchases and pays for in full the applicable E-voucher, health care products and computer products from the vendors prior to posting of such products for sale on its online marketplace platform and prior to taking any orders for sales of such products. Meanwhile, the Company maintained an average daily inventory of approximately $0.2 million to support an average 4.7 days of sales during the years ended June 30, 2024, which demonstrate the Company had control over the products prior to selling it to the customers as the ownership of the products did not transfer momentarily to the customer after the Company purchased the products from vendors. In addition, the Company cannot return the products to the vendors due to lack of sales which demonstrated that the Company is subject to inventory risk, and it has discretion in establishing the price of the products which has demonstrated that the Company has the ability to direct the use of that good or service and obtain substantially all of the remaining benefits. In certain instances, the Company is acting as an agent in the transaction and is engaging in drop shipping arrangements for health care, food, and beverage products, where the products were shipped directly from the vendors to the customers. In these drop shipping transactions, the Company was not primarily responsible for fulfilling the promise to deliver the products to the customers, and as a result, did not exercise control over the goods or assume any inventory risks. Therefore, the Company determined that revenue from sales of products under the drop shipping arrangements were recognized on a net basis. The Company recognizes the sales of E-vouchers, health care products, computer products, and food and beverage products revenue when the control of the specified goods is transferred to its customer. No refund or return policy is provided to the customer. Payment is received before the goods are delivered to customers, as such no financing component has been recognized as the payment terms are for reasons other than financing. The products are sold without any warranty provided. For the years ended June 30, 2024 and 2023, approximately $0.4 and $1.8 million of product revenues are related to non-spending related activities with the same amount recorded as selling expenses, respectively.
Loyalty program	Loyalty program - Performance obligations satisfied at a point in time The Company’s ZCITY reward loyalty program allows members to earn points on purchases that can be redeemed for rewards that include discounts on future purchases. When members purchase the Company’s product or make purchase with the Company’s participated vendor through ZCITY, the Company allocate the transaction price between the product and service, and the reward points earned based on the relative stand-alone selling prices and expected point redemption. The portion allocated to the reward points is initially recorded as contract liability and subsequently recognized as revenue upon redemption or expiration. The two primary estimates utilized to record the contract liabilities for reward points earned by members are the estimated retail price per point and estimated breakage. The estimated retail price per point is based on the actual historical retail prices of product purchased or service obtained through the redemption of reward points. The Company estimate breakage of reward points based on historical redemption rates. The Company continually evaluates its methodology and assumptions based on developments in retail price per point redeemed, redemption patterns and other factors. Changes in the retail price per point and redemption rates have the effect of either increasing or decreasing the contract liabilities through current period revenue by an amount estimated to represent the retail value of all points previously earned but not yet redeemed by loyalty program members as of the end of the reporting period.
Transactions revenue	Transactions revenue - Performance obligations satisfied at a point in time The transactions revenues primarily consist of fees charged to merchants for participating in ZCITY upon successful sales transaction and payment service taken place between the merchants and their customers online. The Company earns transaction revenue from merchants when transactions are completed on certain retail marketplaces. Such revenue is generally determined as a percentage based on the value of merchandise or services being sold by the merchants. In connection with the transaction revenue, the Company offers to share the profit of the transaction (“agent commission”) to the agents who has referred merchants to participating in Company’s online marketplace platform and in ZCITY. Transaction revenue is recognized, net of agent commission, in the consolidated statements of operations at the time when the underlying transaction is completed.
Member subscription revenue	Member subscription revenue - Performance obligations satisfied over time In order to attract more customer to engage with the Company’s online marketplace and in ZCITY, the Company provides membership subscription to the customers to join the Zmember program, a membership program that provides member with benefits which included exclusive saving, bonus, and referral rewards. Member subscription revenue primarily consists of fees charge to customers who sign up for Zmember. As the Company provides customers with 6 months member subscription service in general, member subscription revenue is recognized in the consolidated statement of operation over time across the subscription period.
Sublicense revenue	Sublicense revenue - Performance obligations satisfied over time The Company, through its wholly-owned subsidiaries, Morgan and AY Food, generates revenue by sublicensing the right to use the Licensor’s Trademark to its customers for the period from July 1, 2023 to May 24, 2024. Since the sublicense fee is charged to customers on a monthly basis throughout the contractual period, the Company recognizes sublicense revenue in the consolidated statements of operations over the duration of the contract. Furthermore, the Company establishes itself as the principal in these arrangements, as it possesses the latitude to establish pricing and assumes the inventory risk associated with fulfilling the minimum payment obligations to the Trademark’s licensor regardless of the number of sublicensees engaged by the Company during the license period. Disaggregated information of revenues by products/services are as follows: For the years ended 2024 2023 Gift card or “E-voucher” revenue (1) $ 20,042,191 $ 68,050,624 Health care products, computer products, and food and beverage products revenue (1) 1,289,846 324,209 Loyalty program revenue (1) 123,825 524,854 Transaction revenue (1) 61,241 75,274 Member subscription revenue (2) 375,949 383,538 Sublicense revenue (2) 173,777 49,820 Total revenues $ 22,066,829 $ 69,408,319 (1) Revenue recognized at a point in time. (2) Revenue recognized over time.
Cost of revenue	Cost of revenue Cost of revenue sold mainly consists of the purchases of the gift card or “E-voucher” pin code, and health care products which is directly attributable to the sales of product on the Company’s online marketplace platform. In addition, cost of revenue sold also consists of purchase of food and beverage products for resales and license payment to Trademark’s licensor for sublicense revenue.
Advertising costs	Advertising costs Advertising costs amounted to $1,280,393 and $3,494,347 for the years ended June 30, 2024 and 2023 respectively.
Research and development	Research and development Research and development expenses include 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. Research and development expenses amounted to $513,524 and $549,065 for the years ended June 30, 2024 and 2023, respectively.
Defined contribution plan	Defined contribution plan The full-time employees of the Company are entitled to the government mandated defined contribution plan. The Company is required to accrue and pay for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant government regulations, and make cash contributions to the government mandated defined contribution plan. Total expenses for the plans were $218,945 and $208,190 for the years ended June 30, 2024 and 2023, respectively. The related contribution plans include: ● Social Security Organization (“SOSCO”) – 1.75% based on employee’s monthly salary capped of RM 4,000; ● Employees Provident Fund (“EPF”) – 12% based on employee’s monthly salary; ● Employment Insurance System (“EIS”) – 0.2% based on employee’s monthly salary capped of RM 4,000;
Income taxes	Income taxes The Company accounts for income taxes in accordance with U.S. GAAP for income taxes. The charge for taxation is based on the results for the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred taxes are accounted for using the asset and liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the consolidated financial statements and the corresponding tax basis used in the computation of assessable tax profit. In principle, deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized, or the liability is settled. Deferred tax is charged or credited in the income statement, except when it is related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. No penalties and interest incurred related to underpayment of income tax for the years ended June 30, 2024 and 2023. The Company is incorporated in the State of Delaware and is required to pay franchise taxes to the State of Delaware on an annual basis. The Company conducts much of its business activities in Malaysia and is subject to tax in its jurisdiction. As a result of its business activities, the Company will file separate tax returns that are subject to examination by the foreign tax authorities.
Stock-based compensation	Stock-based compensation The Company recognizes compensation costs resulting from the issuance of stock-based awards to its officers, third party consultant and former director as an expense in the statements of operations over the requisite service period based on a measurement of fair value for each stock-based award. The fair value of stock-based awards granted are estimated as of the grant date using the Black-Scholes-Merton option-pricing model while the fair value of each common stock granted are estimated using the Company’s closing stock price on the grant date. The fair value is amortized as compensation cost on a straight-line basis over the requisite service period of the awards. The Black-Scholes-Merton option-pricing model includes various assumptions, including the fair market value of the common stock of the Company, expected life of stock options, the expected volatility and the expected risk-free interest rate, among others. These assumptions reflect the Company’s best estimates, but they involve inherent uncertainties based on market conditions generally outside the control of the Company. As a result, if other assumptions had been used, stock-based compensation expense, as determined in accordance with authoritative guidance, could have been materially impacted. Furthermore, if the Company uses different assumptions on future grants, stock-based compensation expense could be materially affected in future periods.
Comprehensive loss	Comprehensive loss Comprehensive loss consists of two components, net loss and other comprehensive loss. Net loss refers to revenue, expenses, gains and losses that under GAAP are recorded as an element of stockholders’ deficiency. Other comprehensive loss is excluded from net loss. Other comprehensive loss consists of a foreign currency translation adjustment resulting from the Company not using the U.S. dollar as its functional currencies.
Loss per share	Loss per share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net loss divided by the weighted average common stock outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of the potential ordinary shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common stock that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. For the years ended June 30, 2024 and 2023, 1,428 (100,000 pre reverse split) contingent shares to be issued to the underwriters are excluded in the diluted EPS calculation due to its anti-diluted effect, respectively.
Fair value measurements	Fair value measurements Fair value is defined as the price that would be received for an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. Valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. The following summarizes the three levels of inputs required to measure fair value, of which the first two are considered observable and the third is considered unobservable: Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 - Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The fair value for certain assets and liabilities such as cash and cash equivalents, accounts receivable, inventories, other receivables and other current assets, prepayments, accounts payable, customers deposits, contract liabilities, other payables and accrued liabilities have been determined to approximate carrying amounts due to the short maturities of these instruments. The fair value of investment in marketable securities is based on market price in an active market (Level 1) at the end of each reporting period. The following table presents information about the Company’s financial assets that were measured at fair value on a recurring basis as of 30 June, 2024: June 30, Quoted Significant Significant $ $ $ $ Assets: Investment in marketable securities 171,633 171,633 - -
Related parties	Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.
Lease	Lease Effective July 1, 2022, the Company adopted ASU 2016-02, “Leases” (Topic 842), and elected the practical expedients that does not require us to reassess: (1) whether any expired or existing contracts are, or contain, leases, (2) lease classification for any expired or existing leases and (3) initial direct costs for any expired or existing leases. For lease terms of twelve months or fewer, a lessee is permitted to make an accounting policy election not to recognize lease assets and liabilities. If any of the following criteria are met, the Company classifies the lease as a finance lease: ● The lease transfers ownership of the underlying asset to the lessee by the end of the lease term; ● The lease grants the lessee an option to purchase the underlying asset that the Company is reasonably certain to exercise; ● The lease term is for 75% or more of the remaining economic life of the underlying asset, unless the commencement date falls within the last 25% of the economic life of the underlying asset; ● The present value of the sum of the lease payments equals or exceeds 90% of the fair value of the underlying asset; or ● The underlying asset is of such a specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term. Leases that do not meet any of the above criteria are accounted for as operating leases. The Company combines lease and non-lease components in its contracts under Topic 842, when permissible. Operating lease right-of-use (“ROU”) asset and lease liability are recognized at the adoption date of July 1, 2022 or the commencement date, whichever is earlier, 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 asset to be comparable to the useful life of similar owned assets. The Company has elected the short-term lease exception, therefore operating lease ROU asset and liability 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 for operating lease. The Company reviews the impairment of its ROU asset 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 liability in any tested asset group and includes the associated operating lease payments in the undiscounted future pre-tax cash flows. For the years ended June 30, 2024 and 2023, the Company did not recognize impairment loss on its operating lease ROU asset.
Recent accounting pronouncements	Recent accounting pronouncements The Company considers the applicability and impact of all accounting standards updates (“ASUs”). Management periodically reviews new accounting standards that are issued. Under the Jumpstart Our Business Startups Act of 2012, as amended (the “JOBS Act”), the Company meets the definition of an emerging growth company and has elected the extended transition period for complying with new or revised accounting standards, which delays the adoption of these accounting standards until they would apply to private companies. -Recent accounting pronouncements not yet adopted In August 2020, the FASB issued ASU 2020-06, Debt- Debt with Conversion and Other Options (Subtopic 47020) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 81540): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity In November 2023, the FASB issued ASU 2023-07, which is an update to Topic 280, Segment Reporting: Improvements to reportable Segment Disclosures (“ASU 2023-07”), which enhances the disclosure required for reportable segments in annual and interim consolidated financial statements, including additional, more detailed information about a reportable segment’s expenses. ASU 2023-07 will be effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of the pending adoption of AUS 2023-07 on its unaudited condensed consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, which is an update to Topic 740, Income Taxes. The amendments in this update enhances the transparency and decision usefulness of income tax disclosures. ASU 2023-09 will be effective for fiscal years beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The amendments in this Update should be applied on a prospective basis. Retrospective application is permitted. The Company is currently evaluating the impact the adoption of ASU 2023-07 will have on its annual and interim disclosures . -Recently adopted accounting pronouncements In May 2019, the FASB issued ASU 2019-05, which is an update to ASU Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which introduced the expected credit losses methodology for the measurement of credit losses on financial assets measured at amortized cost basis, replacing the previous incurred loss methodology. The amendments in Update 2016-13 added Topic 326, Financial Instruments—Credit Losses, and made several consequential amendments to the Codification. Update 2016-13 also modified the accounting for available-for-sale debt securities, which must be individually assessed for credit losses when fair value is less than the amortized cost basis, in accordance with Subtopic 326-30, Financial Instruments— Credit Losses—Available-for-Sale Debt Securities. The amendments in this Update address those stakeholders’ concerns by providing an option to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost basis. For those entities, the targeted transition relief will increase comparability of financial statement information by providing an option to align measurement methodologies for similar financial assets. Furthermore, the targeted transition relief also may reduce the costs for some entities to comply with the amendments in Update 2016-13 while still providing financial statement users with decision-useful information. In November 2019, the FASB issued ASU No. 2019-10, which to update the effective date of ASU No. 2016-13 for private companies, not-for-profit organizations and certain smaller reporting companies applying for credit losses, leases, and hedging standard. The new effective date for these preparers is for fiscal years beginning after December 15, 2022. ASU 2019-05 is effective for the Company for annual and interim reporting periods beginning July 1, 2023 as the Company is qualified as an emerging growth company. The Company has adopted of this standard on July 1, 2023, the adoption did not have a material impact on its consolidated financial statements. Except as mentioned above, 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 balance sheets, statements of operations and comprehensive loss and statements of cash flows.

Nature of Business and Organi_2

Nature of Business and Organization (Tables)	12 Months Ended
	Jun. 30, 2024
Nature of Business and Organization [Abstract]
Schedule of Consolidated Financial Statements Reflect the Activities of TGL	The accompanying consolidated financial statements reflect the activities of TGL and each of the following entities. Name Background Ownership ZCity Sdn Bhd (formerly known as Gem Reward Sdn. Bhd.) (“ZCITY”) ● ● ● A Malaysian company Incorporated in June 2017 Operated O2O e-commerce platform known as ZCITY 100% owned by TGL Foodlink Global Sdn. Bhd. (“Foodlink”) * ● ● ● A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products. 100% owned by TGL Morgan Global Sdn. Bhd. (“Morgan”)* ● ● ● A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products. 100% owned by Foodlink AY Food Ventures Sdn. Bhd. (“AY Food”)* ● ● ● A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products. 100% owned by Foodlink * Due to recurring loss from the operation of sub-licensing restaurant branding and the selling and trading of food and beverage products. The Company decided to dispose Foodlink and its subsidiaries. On May 24, 2024, the Company, Jeffrey Goh Sim Ik (the “Purchaser”) and Koo Siew Leng (the “Guarantor”) entered into a Share Sale and Purchase Agreement (the “Agreement”), in which the Company agreed to sell all of its equity interest in Foodlink and its subsidiaries Morgan and AY Food to the Purchaser, in exchange for a total of $148,500, of which shall be payable by the Purchaser to the Company as follows: (i) an initial deposit payable on May 24, 2024; and (ii) the balance of the purchase price payable in eight installment payments starting from May 24, 2024.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Schedule of Translation of Foreign Currencies	Translation of foreign currencies into US$1 have been made at the following exchange rates for the respective periods: As of June 30, June 30, Period-end MYR: US$1 exchange rate 4.72 4.67 For the years ended 2024 2023 Period-average MYR: US$1 exchange rate 4.69 4.53
Schedule of Estimated Useful Lives of the Assets	Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets with no residual value. The estimated useful lives are as follows: Expected Computer and office equipment 5 years Furniture and fixtures 3-5 years Motor vehicles 5 years Leasehold improvement 3 years
Schedule of Disaggregated Information of Revenues by Products/Services	Disaggregated information of revenues by products/services are as follows: For the years ended 2024 2023 Gift card or “E-voucher” revenue (1) $ 20,042,191 $ 68,050,624 Health care products, computer products, and food and beverage products revenue (1) 1,289,846 324,209 Loyalty program revenue (1) 123,825 524,854 Transaction revenue (1) 61,241 75,274 Member subscription revenue (2) 375,949 383,538 Sublicense revenue (2) 173,777 49,820 Total revenues $ 22,066,829 $ 69,408,319 (1) Revenue recognized at a point in time. (2) Revenue recognized over time.
Schedule of Financial Assets that were Measured tt Fair Value on a Recurring Basis	The following table presents information about the Company’s financial assets that were measured at fair value on a recurring basis as of 30 June, 2024: June 30, Quoted Significant Significant $ $ $ $ Assets: Investment in marketable securities 171,633 171,633 - -

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Jun. 30, 2024
Accounts Receivable, Net [Abstract]
Schedule of Accounts Receivable, Net	As of 2024 As of June 30, 2023 Accounts receivable $ 1,100 $ 163,383 Provision for estimated credit losses (1,100 ) (214 ) Total accounts receivable, net $ - $ 163,169
Schedule of Movements of Provision for Accounts Receivable’s Estimated Credit Losses	Movements of provision for accounts receivable’s estimated credit losses are as follows: As of 2024 As of June 30, 2023 Beginning balance $ 214 $ 227 Addition 182,544 601 Write-off - (601 ) Disposal of subsidiaries (180,792 ) - Exchange rate effect (866 ) (13 ) Ending balance $ 1,100 $ 214

Inventories, Net (Tables)

Inventories, Net (Tables)	12 Months Ended
	Jun. 30, 2024
Inventories, Net [Abstract]
Schedule of Inventories	Inventories consist of the following: As of 2024 As of June 30, 2023 Gift card (or E-voucher) $ 27,467 $ 378,710 Nutrition products - 8,383 Food and beverage products - 13,450 Total $ 27,467 $ 400,543

Other Receivables and Other C_2

Other Receivables and Other Current Assets, Net (Tables)	12 Months Ended
	Jun. 30, 2024
Other Receivables and Other Current Assets, Net [Abstract]
Schedule of Other Receivables and Other Current Assets, Net	As of 2024 As of June 30, 2023 Deposits (i) $ 120,880 $ 59,486 Prepaid tax 20,752 1,595 Prepaid expense (ii) 45,201 552,044 Software development deposit (iii) 84,823 - Other receivable (iv) 127,226 - Total other receivables and other current assets 398,882 613,125 Provision for estimated credit loss (212,053 ) - Total other receivables and other current assets, net $ 186,829 $ 613,125 (i) The balance of deposits mainly represented deposit made by the Company to a third-party service provider to secure the service, security deposit consists of rent and utilities, and others. As of June 30, 2024 and 2023, $106,028 and $0 estimated credit loss was recorded against doubtful receivables. (ii) The balance of prepaid expense mainly represented prepayment made by the Company to third parties for cyber security service, director & officer liability insurance (“D&O Insurance”) or other professional service. In July 2022, the Company entered into an IT service agreement (“Service Agreement”) with a third party. Pursuant to the Service Agreement, the third party will provide IT and advisory service to the Company to enhance its cyber security for a two-year period with a consideration of $477,251. The Company amortized the prepaid expense related to Service Agreement based on the service performed and completed during each period. As of June 30, 2024, the prepaid expense pertained to the Service Agreement has been fully amortized. In February 2024, the Company purchased a D&O Insurance premium amounting $74,078 which covers a period of twelve months, to be expired on February 24, 2025. As of June 30, 2024, the balance of prepaid expenses pertaining to the D&O Insurance amounted to $42,812. (iii) The balance of Software development deposit consists as following: On July 20, 2023, the Company entered into a software development agreement (the “Agreement”) with Nexgen Advisory Sdn Bhd (“Nexgen”), an unrelated third party. Pursuant to the Agreement, the Company engaged with Nexgen in software development related to the creation of an artificial intelligence-powered travel platform. As of September 30, 2023, the Company had made a $209,768 service deposit to Nexgen; however, the service had not yet commenced. On September 25, 2023, the Company terminated the Agreement with Nexgen. As of June 30, 2024, $121,945 of the service deposit were refunded by Nexgen. The remaining deposit of $84,823 is expected to recover by end of June 2025. As of June 30, 2024 and 2023, $42,412 and $0 estimated credit loss was recorded against the software development deposits. (iv) The balance of other receivable consists as following: On May 24, 2024, the Company has disposed all of its equity interest in Foodlink and its subsidiaries Morgan and for a consideration of $148,500. As of June 30, 2024, the Company has collected $21,274 from the Purchaser, and the remaining is expected to be fully repaid by January 2025. As of June 30, 2024 and 2023, $63,613 and $0 estimated credit loss was recorded against other receivable.
Schedule of Provision for Other Receivables	Movements of provision for other receivables’ estimated credit loss are as follows: As of As of Beginning balance $ - $ - Addition 212,758 - Exchange rate effect (705 ) - Ending balance $ 212,053 $ -

Prepayments (Tables)

Prepayments (Tables)	12 Months Ended
	Jun. 30, 2024
Prepayments [Abstract]
Schedule of Prepayments	As of As of Deposits to suppliers $ 358,526 $ 248,551

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Jun. 30, 2024
Property and Equipment, Net [Absract]
Schedule of Property and Equipment, Net	Property and equipment, net consist of the following: As of As of Computer and office equipment $ 154,772 $ 142,520 Furniture and fixtures 72,778 73,355 Motor vehicle 82,290 83,185 Leasehold improvement 131,369 132,797 Subtotal 441,209 431,857 Less: accumulated depreciation (267,531 ) (152,257 ) Total $ 173,678 $ 279,600

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
	Jun. 30, 2024
Intangible Assets, Net [Abstract]
Schedule of Intangible Assets, Net	Intangible assets, net consisted of the following: As of As of 2024 2023 Internal use software development $ 3,743,716 $ - Less: accumulated amortization (612,780 ) - Total intangible assets, net $ 3,130,936 $ -
Schedule of Amortization Expense	The following table sets forth the Company’s amortization expense for the next five years ending: Amortization expenses Twelve months ending June 30, 2025 $ 795,017 Twelve months ending June 30, 2026 636,143 Twelve months ending June 30, 2027 636,143 Twelve months ending June 30, 2028 636,143 Twelve months ending June 30, 2029 427,490 Total $ 3,130,936

Investment in Marketable Secu_2

Investment in Marketable Securities (Tables)	12 Months Ended
	Jun. 30, 2024
Investment in Marketable Securities [Abstract]
Schedule of Investment in Marketable Securities	Movements in investment in marketable securities are as follows: As of As of At fair value Beginning balance $ - $ - Addition 1,000,000 - Fair value loss recognized for the year (828,367 ) - Closing balance $ 171,633 $ -

Loans and Notes (Tables)

Loans and Notes (Tables)	12 Months Ended
	Jun. 30, 2024
Loans and Notes [Abstract]
Schedule of Convertible Notes Payable, Net of Unamortized Discounts	The Company has convertible notes payable, net of unamortized discounts as follows: Face value Unamortized Convertible Third Related June 30, 2022 balance 14,108,876 (717,260 ) 13,391,616 10,954,042 2,437,574 Issuance of convertible notes 8,172,093 (1,189,074 ) 6,983,019 6,983,019 - Amortization of debt discounts - 1,290,050 1,290,050 1,290,050 - Conversion (17,130,969 ) 245,980 (16,884,989 ) (14,447,415 ) (2,437,574 ) Exchange rate effect - 12,020 12,020 12,020 - June 30, 2023 balance $ 5,150,000 $ (358,284 ) $ 4,791,716 $ 4,791,716 $ - Amortization of debt discounts - 358,284 358,284 358,284 - Repayments (3,367,290 ) - (3,367,290 ) (3,367,290 ) - Conversion (1,782,710 ) - (1,782,710 ) (1,782,710 ) - June 30, 2024 balance $ - $ - $ - $ - $ -

Other Payables and Accrued Li_2

Other Payables and Accrued Liabilities (Tables)	12 Months Ended
	Jun. 30, 2024
Other Payables and Accrued Liabilities [Abstract]
Schedule of Other Payables and Accrued Liabilities	As of As of Accrued professional fees (i) $ 202,000 $ 233,600 Accrued promotion expenses (ii) - 39,538 Accrued payroll 69,147 157,542 Accrued interest (iii) 2,375 79,936 Payables to merchant from ZCITY platform (iv) 201,338 174,056 Others 29,022 38,724 Total other payables and accrued liabilities $ 508,657 $ 723,396 (i) Accrued professional fees The balance of accrued professional fees represented amount due to third parties service providers which include mobile application developing, marketing consulting service, IT related professional service, audit fee, tax filing fee, and consulting fee related to capital raising. (ii) Accrued promotion expense The balance of accrued promotion expense represented the balance of profit sharing payable to the Company’s merchant and subscribed agents to promote business growth. (iii) Accrued interest The balance of accrued interest represented the balance of interest payable from convertible notes aforementioned in Note 10. (iv) Payables to merchants from ZCITY platform The balance of payables to merchants from ZCITY platform represented the amount the Company collected on behalf of merchant from its customer through the Company’s ZCITY platform.

Related Party Balances and Tr_2

Related Party Balances and Transactions (Tables)	12 Months Ended
	Jun. 30, 2024
Related Party Balances and Transactions [Abstract]
Schedule of Related Party Balances	Other receivable, a related party Name of related party Relationship Nature As of As of Ezytronic Sdn Bhd Jau Long “Jerry” Ooi is the common shareholder Equipment rental deposit $ 12,246 $ 12,379 Other payables, related parties Name of Related Party Relationship Nature As of As of True Sight Sdn Bhd Su Huay “Sue” Chuah, the Company’s Former Chief Marketing Officer is the shareholder of this entity Consulting fee $ - $ 345 Ezytronic Sdn Bhd Jau Long “Jerry” Ooi is a common Operating expense paid on behalf 761 1,315 Total $ 761 $ 1,660 Amount due to related parties Name of Related Party Relationship Nature As of As of Chong Chan “Sam” Teo Former Directors,Former Chief Executive Officer, and Shareholder of TGL Interest-free loan, due on demand $ - $ 186,579 Kok Pin “Darren” Tan Shareholder of TGL Interest-free loan, due on demand - 134,381 Total $ - $ 320,960
Schedule of Related Party Transactions	Revenue from related parties Name of Related Party Relationship Nature For the For the Matrix Ideal Sdn Bhd Yu Weng Lok is a common shareholder Sales of products $ - 126 Purchase from related parties Name of Related Party Relationship Nature For the For the Ezytronic Sdn Bhd Jau Long “Jerry” Ooi is a common shareholder Purchase of products $ 25,446 $ 22,036 Equipment purchased from a related party Name of Related Party Relationship Nature For the For the Ezytronic Sdn Bhd Jau Long “Jerry” Ooi is a common shareholder Purchase of equipment $ 14,093 $ 52,328 Operating expenses from related parties Name of Related Party Relationship Nature For the For the World Cloud Ventures Sdn Bhd Shareholder of TGI Operating expense - 55,484 VCI Global Limited Shareholder of TGI Operating expense 15,000 - Imej Jiwa Communications Sdn Bhd Voon Him “Victor” Hoo, the Company’s former Chairman and Managing Director is the director of this entity Consulting fess - 2,744 Ezytronic Sdn Bhd Jau Long “Jerry” Ooi Operating expense 25,278 True Sight Sdn Bhd Su Huay “Sue” Chuah, the Company’s Former Chief Marketing Officer is a 40% shareholder of this entity Consulting fees 40,947 290,476 Total $ 81,225 $ 348,704

Stockholders' Deficiency (Table

Stockholders' Deficiency (Tables)	12 Months Ended
	Jun. 30, 2024
Stockholders’ deficiency [Abstract]
Schedule of Warrants Outstanding	Warrants outstanding as of June 30, 2024 are as follows: Shares Weighted Weighted Outstanding at June 30, 2023 100,000 $ 5.00 4.1 Granted 14,000,000 0.0001 - Exercised (14,000,000 ) - - Outstanding at June 30, 2024 100,000 $ 5.00 3.1

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2024
Income Taxes [Abstract]
Schedule of United States and Foreign Components of Income (Loss) Before Income Taxes	The United States and foreign components of loss before income taxes were comprised of the following: For the years ended June 30, 2024 2023 Tax jurisdictions from: - Local – United States $ (3,919,962 ) $ (3,728,225 ) - Foreign – Malaysia (2,626,946 ) (7,901,870 ) Loss before income tax $ (6,546,908 ) $ (11,630,095 ) The provision for income taxes consisted of the following: For the years ended June 30, 2024 2023 Tax jurisdictions from: - Local – United States $ 33,680 $ 97,616 - Foreign – Malaysia 6,035 - Provision for income taxes $ 39,715 $ 97,616
Schedule of Reconciles the Local (United States) Statutory Rates to the Company’s Effective Tax Rate	The following table reconciles the local (United States) statutory rates to the Company’s effective tax rate for the periods indicated below: For the years ended June 30, 2024 2023 U.S. statutory rate 21.0 % 21.0 % Differential of Malaysia statutory tax rate 1.2 % 2.0 % Change in valuation allowance (19.0 )% (23.8 )% Permanent difference (3.8 )% - % Effective tax rate (0.6 )% (0.8 )%
Schedule of Aggregate Deferred Tax Assets	The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of: As of As of Deferred tax assets: Net operating loss carry forwards in U.S. $ 1,751,481 $ 1,177,486 Net operating loss carry forwards in Malaysia 5,288,159 4,927,995 Allowance for credit losses 51,157 - Unrealized holding loss on marketable securities 173,957 - Amortization of debt discount 156,403 70,415 Less: valuation allowance* (7,421,158 ) (6,175,896 ) Deferred tax assets $ - $ - * Change in valuation allowance was amounted to $1,245,262 and $2,492,329 for the years ended June 30, 2024 and 2023, respectively.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Company’s Lease Liabilities under the Remaining Operating Leases	The Company’s lease liabilities under the remaining operating leases as of June 30, 2024 for the next five years is as follows: June 30, 2025 $ 17,554 2026 - Total undiscounted lease payments 17,554 Less imputed interest (297 ) Total lease liabilities $ 17,257

Nature of Business and Organi_3

Nature of Business and Organization (Details) - USD ($)			12 Months Ended
	May 24, 2024	Apr. 12, 2023	Jun. 30, 2024	Jun. 30, 2023
Nature of Business and Organization [Line Items]
Share purchased (in Shares)		10,000
Consideration amount		$ 3,000
Exchange total	$ 148,500
Gain from disposal subsidiaries			$ 203,333
Foodlink Global Sdn Bhd (“Foodlink”) [Member]
Nature of Business and Organization [Line Items]
Equity interest		100%

Nature of Business and Organi_4

Nature of Business and Organization (Details) - Schedule of Consolidated Financial Statements Reflect the Activities of TGL	12 Months Ended
	Jun. 30, 2024
ZCity Sdn Bhd (formerly known as Gem Reward Sdn. Bhd.) (“ZCITY”) [Member]
Schedule of Consolidated Financial Statements Reflect the Activities of TGL [Line Items]
Background	A Malaysian company Incorporated in June 2017 Operated O2O e-commerce platform known as ZCITY
Ownership	100%
Foodlink Global Sdn. Bhd. (“Foodlink”) [Member]
Schedule of Consolidated Financial Statements Reflect the Activities of TGL [Line Items]
Background	A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products.	[1]
Ownership	100%	[1]
Morgan Global Sdn. Bhd. (“Morgan”) [Member]
Schedule of Consolidated Financial Statements Reflect the Activities of TGL [Line Items]
Background	A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products.	[1]
Ownership	100%	[1]
AY Food Ventures Sdn. Bhd. (“AY Food”) [Member]
Schedule of Consolidated Financial Statements Reflect the Activities of TGL [Line Items]
Background	A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products.	[1]
Ownership	100%	[1]
[1]Due to recurring loss from the operation of sub-licensing restaurant branding and the selling and trading of food and beverage products. The Company decided to dispose Foodlink and its subsidiaries. On May 24, 2024, the Company, Jeffrey Goh Sim Ik (the “Purchaser”) and Koo Siew Leng (the “Guarantor”) entered into a Share Sale and Purchase Agreement (the “Agreement”), in which the Company agreed to sell all of its equity interest in Foodlink and its subsidiaries Morgan and AY Food to the Purchaser, in exchange for a total of $148,500, of which shall be payable by the Purchaser to the Company as follows: (i) an initial deposit payable on May 24, 2024; and (ii) the balance of the purchase price payable in eight installment payments starting from May 24, 2024.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)				5 Months Ended		9 Months Ended	12 Months Ended
		Nov. 30, 2023 USD ($) $ / shares shares	Aug. 15, 2022 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares		Mar. 31, 2024 USD ($)	Jun. 30, 2024 USD ($) $ / shares shares		Jun. 30, 2024 MYR (RM) shares	Jun. 30, 2023 USD ($) $ / shares shares		Jun. 30, 2022 USD ($)	May 27, 2024 $ / shares shares	Apr. 08, 2024 $ / shares shares	Nov. 28, 2023 $ / shares
Summary of Significant Accounting Policies [Line Items]
Recurring loss from operations							$ 6,100,000
Accumulated deficit				$ (31,443,451)			(38,030,074)			$ (31,443,451)
Net operating cash outflow							$ (4,712,806)			$ (9,560,285)
Offering shares (in Shares) | shares		371,628
Shares of pre reverse split (in Shares) | shares										100,000
Common stock, par value (in Dollars per share) | $ / shares				$ 0.00001	[1]		$ 0.00001	[1]		$ 0.00001	[1]		$ 0.00001	$ 0.00001
Shares of common stock	[1]			$ 3			$ 17			$ 3
Shares issued, price per share (in Dollars per share) | $ / shares													$ 3.93	$ 3.93
Aggregate net proceeds			$ 8,200,000							8,235,110
Aggregate principal amount				$ 5,500,000
Aggregate net proceed							431,811
Pre-funded warrants (in Shares) | shares		14,000,000
Right to purchase (in Dollars per share) | $ / shares		$ 0.01
Aggregated net proceed		$ 3,500,000					$ 3,457,306
Shares of common stock (in Shares) | shares				255,734	[1]		1,671,623	[1]		255,734	[1]		125,954	126,081
Broker fee							$ 2,457,456
Translation of foreign currencies							1
Allowance for credit loss				$ 214			1,100			$ 214
Allowance for credit loss							212,758
Write-down for inventories							483
Allowance for credit loss				163,383			1,100			163,383
Impairment of long-lived assets
Average inventory maintained on daily basis							0.2
Product revenues							22,066,829			69,408,319
Research and development expense							513,524			549,065
Total expenses plan							$ 218,945			$ 208,190
Employee’s monthly salary percent							1.75%		1.75%
Contributions from employee's monthly salary (in Ringgits) | RM									RM 4,000
Contingent shares to be issued (in Shares) | shares							1,428		1,428
Employees Provident Fund (“EPF”) [Member]
Summary of Significant Accounting Policies [Line Items]
Employee’s monthly salary percent							12%		12%
Employment Insurance System (“EIS”) [Member]
Summary of Significant Accounting Policies [Line Items]
Employee’s monthly salary percent							0.20%		0.20%
Contributions from employee's monthly salary (in Ringgits) | RM									RM 4,000
Convertible Notes Payable [Member]
Summary of Significant Accounting Policies [Line Items]
Aggregate principal amount				5,500,000
Aggregate net proceed				$ 5,060,000
Interest expense, percentage				4%						4%
Allowance for credit loss						$ 182,544				$ 601
Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Internal use software with useful lives contractual term							1 year
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Internal use software with useful lives contractual term							5 years
Third Party [Member]
Summary of Significant Accounting Policies [Line Items]
Allowance for credit loss							$ 212,758
Product [Member]
Summary of Significant Accounting Policies [Line Items]
Write-down for inventories										483		$ 0
Product revenues [Member]
Summary of Significant Accounting Policies [Line Items]
Product revenues							400,000			1,800,000
Advertising [Member]
Summary of Significant Accounting Policies [Line Items]
Advertising costs							$ 1,280,393			$ 3,494,347
Common Stock [Member]
Summary of Significant Accounting Policies [Line Items]
Public offering price per share (in Dollars per share) | $ / shares		$ 0.1
Shares of common stock (in Shares) | shares							94,889
Shares of common stock (in Shares) | shares							1,583,418
IPO [Member]
Summary of Significant Accounting Policies [Line Items]
Offering shares (in Shares) | shares			32,857
Shares of pre reverse split (in Shares) | shares		26,014,000
Common stock, par value (in Dollars per share) | $ / shares		$ 0.1
Shares of common stock			$ 280
Shares issued, price per share (in Dollars per share) | $ / shares		$ 0.01
Shares of common stock (in Shares) | shares		26,014,000
Tax rate							50%		50%
IPO [Member] | Common Stock [Member]
Summary of Significant Accounting Policies [Line Items]
Shares of pre reverse split (in Shares) | shares			2,300,000
Common stock, par value (in Dollars per share) | $ / shares		$ 0.00001	$ 0.00001
Shares issued, price per share (in Dollars per share) | $ / shares			$ 4
Pre-funded warrants [Member]
Summary of Significant Accounting Policies [Line Items]
Aggregate net proceeds		$ 3,500,000
Public offering price per share (in Dollars per share) | $ / shares		$ 0.0999
Right to purchase (in Dollars per share) | $ / shares		$ 0.0999													$ 0.0999
[1]Giving retroactive effect to the 1-for-70 reverse stock split effected on February 27, 2024

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of Translation of Foreign Currencies	Jun. 30, 2024	Jun. 30, 2023
Period-end MYR: US$1 exchange rate [Member]
Schedule of Translation of Foreign Currencies [Line Items]
Translation of foreign currencies	4.72	4.67
Period-average MYR: US$1 exchange rate [Member]
Schedule of Translation of Foreign Currencies [Line Items]
Translation of foreign currencies	4.69	4.53

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of the Assets	Jun. 30, 2024
Computer and office equipment [Member]
Schedule of Property Plant and Equipment Useful Lives [ Line Items]
Estimated useful lives	5 years
Motor vehicles [Member]
Schedule of Property Plant and Equipment Useful Lives [ Line Items]
Estimated useful lives	5 years
Leasehold improvement [Member]
Schedule of Property Plant and Equipment Useful Lives [ Line Items]
Estimated useful lives	3 years
Minimum [Member] | Furniture and fixtures [Member]
Schedule of Property Plant and Equipment Useful Lives [ Line Items]
Estimated useful lives	3 years
Maximum [Member] | Furniture and fixtures [Member]
Schedule of Property Plant and Equipment Useful Lives [ Line Items]
Estimated useful lives	5 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of Disaggregated Information of Revenues by Products/Services - USD ($)		12 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Schedule of Disaggregated Information of Revenues by Products/Services (Unaudited) [Line Items]
Total revenues		$ 22,066,829	$ 69,408,319
Gift card or “E-voucher” revenue [Member]
Schedule of Disaggregated Information of Revenues by Products/Services (Unaudited) [Line Items]
Total revenues	[1]	20,042,191	68,050,624
Health care products, computer products, and food and beverage products revenue [Member]
Schedule of Disaggregated Information of Revenues by Products/Services (Unaudited) [Line Items]
Total revenues	[1]	1,289,846	324,209
Loyalty program revenue [Member]
Schedule of Disaggregated Information of Revenues by Products/Services (Unaudited) [Line Items]
Total revenues	[1]	123,825	524,854
Transaction revenue [Member]
Schedule of Disaggregated Information of Revenues by Products/Services (Unaudited) [Line Items]
Total revenues	[1]	61,241	75,274
Member subscription revenue [Member]
Schedule of Disaggregated Information of Revenues by Products/Services (Unaudited) [Line Items]
Total revenues	[2]	375,949	383,538
Sublicense revenue [Member]
Schedule of Disaggregated Information of Revenues by Products/Services (Unaudited) [Line Items]
Total revenues	[2]	$ 173,777	$ 49,820
[1] Revenue recognized at a point in time. Revenue recognized over time.

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details) - Schedule of Financial Assets that were Measured tt Fair Value on a Recurring Basis - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Assets:
Investment in marketable securities	$ 171,633
Quoted Prices in Active Market (Level 1)
Assets:
Investment in marketable securities	171,633
Significant Other Observable Input (Level 2)
Assets:
Investment in marketable securities
Significant Other Unobservable Input (Level 3)
Assets:
Investment in marketable securities

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - Schedule of Accounts Receivable, Net - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Schedule of Accounts Receivable, Net [Abstract]
Accounts receivable	$ 1,100	$ 163,383
Provision for estimated credit losses	(1,100)	(214)
Total accounts receivable, net		$ 163,169

Accounts Receivable, Net (Det_2

Accounts Receivable, Net (Details) - Schedule of Movements of Provision for Accounts Receivable’s Estimated Credit Losses - Accounts Receivable [Member] - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Accounts Receivable, Net (Details) - Schedule of Movements of Provision for Accounts Receivable’s Estimated Credit Losses [Line Items]
Beginning balance	$ 214	$ 227
Ending balance	1,100	214
Addition	182,544	601
Write-off		(601)
Disposal of subsidiaries	(180,792)
Exchange rate effect	$ (866)	$ (13)

Inventories, Net (Details) - Sc

Inventories, Net (Details) - Schedule of Inventories - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Schedule of Inventories [Line Items]
Total Inventories	$ 27,467	$ 400,543
Gift card (or E-voucher) [Member]
Schedule of Inventories [Line Items]
Total Inventories	27,467	378,710
Nutrition products [Member]
Schedule of Inventories [Line Items]
Total Inventories		8,383
Food and beverage products [Member]
Schedule of Inventories [Line Items]
Total Inventories		$ 13,450

Other Receivables and Other C_3

Other Receivables and Other Current Assets, Net (Details) - USD ($)		1 Months Ended
	May 24, 2024	Feb. 29, 2024	Jul. 31, 2022	Jun. 30, 2025	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023
Other Receivables and Other Current Assets, Net [Line Items]
Estimated credit loss					$ 1,100		$ 214
Purchase of insurance premium		$ 74,078
Expire date		Feb. 24, 2025
Insurance amounted					42,812
Service deposit					21,274	$ 209,768
Nexgen [Member]
Other Receivables and Other Current Assets, Net [Line Items]
Estimated credit loss					42,412		0
Service deposit					121,945
Morgan [Member]
Other Receivables and Other Current Assets, Net [Line Items]
Estimated credit loss					63,613		0
Consideration amount	$ 148,500
Service Agreement [Member]
Other Receivables and Other Current Assets, Net [Line Items]
Estimated credit loss					$ 106,028		$ 0
Consideration amount			$ 477,251
Forecast [Member]
Other Receivables and Other Current Assets, Net [Line Items]
Service deposit				$ 84,823

Other Receivables and Other C_4

Other Receivables and Other Current Assets, Net (Details) - Schedule of Other Receivables and Other Current Assets, Net - USD ($)		Jun. 30, 2024	Jun. 30, 2023
Schedule of Other Receivables and Other Current Assets [Abstract]
Deposits	[1]	$ 120,880	$ 59,486
Prepaid tax		20,752	1,595
Prepaid expense	[2]	45,201	552,044
Software development deposit	[3]	84,823
Other receivable	[4]	127,226
Total other receivables and other current assets		398,882	613,125
Provision for estimated credit loss		(212,053)
Total other receivables and other current assets, net		$ 186,829	$ 613,125
[1]The balance of deposits mainly represented deposit made by the Company to a third-party service provider to secure the service, security deposit consists of rent and utilities, and others. As of June 30, 2024 and 2023, $106,028 and $0 estimated credit loss was recorded against doubtful receivables.[2]The balance of prepaid expense mainly represented prepayment made by the Company to third parties for cyber security service, director & officer liability insurance (“D&O Insurance”) or other professional service. In July 2022, the Company entered into an IT service agreement (“Service Agreement”) with a third party. Pursuant to the Service Agreement, the third party will provide IT and advisory service to the Company to enhance its cyber security for a two-year period with a consideration of $477,251. The Company amortized the prepaid expense related to Service Agreement based on the service performed and completed during each period. As of June 30, 2024, the prepaid expense pertained to the Service Agreement has been fully amortized. In February 2024, the Company purchased a D&O Insurance premium amounting $74,078 which covers a period of twelve months, to be expired on February 24, 2025. As of June 30, 2024, the balance of prepaid expenses pertaining to the D&O Insurance amounted to $42,812.[3] The balance of Software development deposit consists as following: On July 20, 2023, the Company entered into a software development agreement (the “Agreement”) with Nexgen Advisory Sdn Bhd (“Nexgen”), an unrelated third party. Pursuant to the Agreement, the Company engaged with Nexgen in software development related to the creation of an artificial intelligence-powered travel platform. As of September 30, 2023, the Company had made a $209,768 service deposit to Nexgen; however, the service had not yet commenced. On September 25, 2023, the Company terminated the Agreement with Nexgen. As of June 30, 2024, $121,945 of the service deposit were refunded by Nexgen. The remaining deposit of $84,823 is expected to recover by end of June 2025. As of June 30, 2024 and 2023, $42,412 and $0 estimated credit loss was recorded against the software development deposits. The balance of other receivable consists as following: On May 24, 2024, the Company has disposed all of its equity interest in Foodlink and its subsidiaries Morgan and for a consideration of $148,500. As of June 30, 2024, the Company has collected $21,274 from the Purchaser, and the remaining is expected to be fully repaid by January 2025. As of June 30, 2024 and 2023, $63,613 and $0 estimated credit loss was recorded against other receivable.

Other Receivables and Other C_5

Other Receivables and Other Current Assets, Net (Details) - Schedule of Provision for Other Receivables - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Provision for Other Receivables [Abstract]
Beginning balance
Ending balance	212,053
Addition	212,758
Exchange rate effect	$ (705)

Prepayments (Details) - Schedul

Prepayments (Details) - Schedule of Prepayments - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Schedule of Prepayments [Line Items]
Deposits to suppliers	$ 358,526	$ 248,551

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Property and Equipment, Net [Absract]
Depreciation expense	$ 117,907	$ 108,483

Property and Equipment, Net (_2

Property and Equipment, Net (Details) - Schedule of Property and Equipment, Net - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Schedule of Property and Equipment, Net [Line Items]
Property and equipment, gross	$ 441,209	$ 431,857
Less: accumulated depreciation	(267,531)	(152,257)
Total	173,678	279,600
Computer and office equipment [Member]
Schedule of Property and Equipment, Net [Line Items]
Property and equipment, gross	154,772	142,520
Furniture and fixtures [Member]
Schedule of Property and Equipment, Net [Line Items]
Property and equipment, gross	72,778	73,355
Motor vehicle [Member]
Schedule of Property and Equipment, Net [Line Items]
Property and equipment, gross	82,290	83,185
Leasehold improvement [Member]
Schedule of Property and Equipment, Net [Line Items]
Property and equipment, gross	$ 131,369	$ 132,797

Intangible Assets, Net (Details

Intangible Assets, Net (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Intangible Assets, Net [Abstract]
Amortization expense	$ 612,909

Intangible Assets, Net (Detail

Intangible Assets, Net (Details) - Schedule of Intangible Assets, Net - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Schedule of Intangible Assets, Net [Abstract]
Internal use software development	$ 3,743,716
Less: accumulated amortization	(612,780)
Total intangible assets, net	$ 3,130,936

Intangible Assets, Net (Deta_2

Intangible Assets, Net (Details) - Schedule of Amortization Expense	Jun. 30, 2024 USD ($)
Schedule of Amortization Expense [Abstract]
Twelve months ending June 30, 2025	$ 795,017
Twelve months ending June 30, 2026	636,143
Twelve months ending June 30, 2027	636,143
Twelve months ending June 30, 2028	636,143
Twelve months ending June 30, 2029	427,490
Total	$ 3,130,936

Investment in Marketable Secu_3

Investment in Marketable Securities (Details) - USD ($)		12 Months Ended
	Jul. 19, 2023	Jun. 30, 2024	Jun. 30, 2023	May 27, 2024	Apr. 08, 2024
Investment in Marketable Securities [Line Items]
Payment of cash	$ 1,000,000
Allotment of ordinary shares with equivalent value	$ 1,000,000
Price per share (in Dollars per share)				$ 3.93	$ 3.93
Unrealized loss on marketable equity securities		$ (828,367)
VCIG [Member]
Investment in Marketable Securities [Line Items]
Number of shares issued (in Shares)	286,533
Price per share (in Dollars per share)	$ 3.49
Unrealized loss on marketable equity securities		$ (828,367)	$ 0

Investment in Marketable Secu_4

Investment in Marketable Securities (Details) - Schedule of Investment in Marketable Securities - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
At fair value
Beginning balance
Addition	1,000,000
Fair value loss recognized for the year	(828,367)
Closing balance	$ 171,633

Loans and Notes (Details)

Loans and Notes (Details)

1 Months Ended

12 Months Ended

Feb. 29, 2024 USD ($)

Sep. 28, 2023 USD ($)

Feb. 28, 2023 USD ($) $ / shares

Aug. 15, 2022 USD ($) shares

Jun. 27, 2022 USD ($)

May 13, 2022 USD ($)

Jan. 03, 2022 USD ($) $ / shares

Dec. 31, 2023 USD ($)

Oct. 31, 2023 USD ($)

Jun. 30, 2024 USD ($) $ / shares shares

Jun. 30, 2023 USD ($) shares

Jun. 14, 2023 $ / shares

Jul. 31, 2022 USD ($)

Jun. 30, 2022 USD ($)

Jun. 27, 2022 MYR (RM)

May 13, 2022 MYR (RM)

Dec. 31, 2021 USD ($)

Oct. 31, 2021 USD ($)

Sep. 30, 2021 USD ($)

Jul. 31, 2021 USD ($)

Jun. 30, 2021 USD ($)

May 31, 2021 USD ($)

Nov. 13, 2020 USD ($) $ / shares

Loans and Notes [Line Items]

Interest expenses

$ 4,465

$ 4,437

Amortization of debt discount

0

46,296

Convertible notes

1,782,710

Amortization of debt discount amount

358,284

1,290,050

Convertible notes payable

4,791,716

Insurance Loan Two [Member

Loans and Notes [Line Items]

Short term loan

$ 74,078

Instalments amount

$ 6,573

Interest rate

9.50%

Remaining balance of insurance loan

38,371

Convertible Notes [Member]

Loans and Notes [Line Items]

Principal amount

440,000

Conversion price (in Dollars per share) | $ / shares

$ 4

Per share price (in Dollars per share) | $ / shares

$ 5.48

Debt discount amount

$ 212,360

Amortization of debt discount

0

950,360

Unamortized discount

$ 1,877,620

Percentage of initial principal amount.

92%

Accrued interest

$ 28,360

Repaid principal balance

$ 3,367,290

$ 3,367,290

Purchase discount percentage

8%

Interest expenses

$ 69,041

85,184

Triggered Principal Amount [Member]

Loans and Notes [Line Items]

Outstanding principal amount

$ 1,000,000

Redemption premium percentage

7%

First Insurance Funding [Member] | Premium Finance Agreement [Member]

Loans and Notes [Line Items]

Interest rate

5.90%

Tranche 1 [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Conversion price (in Dollars per share) | $ / shares

$ 1.55

Per share price (in Dollars per share) | $ / shares

$ 1.56

Unsecured convertible notes

2,000,000

Tranche 2 [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Conversion price (in Dollars per share) | $ / shares

$ 1.3

Per share price (in Dollars per share) | $ / shares

$ 1.38

Unsecured convertible notes

$ 3,500,000

Common Stock [Member]

Loans and Notes [Line Items]

Converted into shares (in Shares) | shares

[1]

5,047

Pre reverse split (in Shares) | shares

[1]

8

Convertible notes

$ 2,437,574

Common Stock [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Converted into shares (in Shares) | shares

7,585

40,322

Pre reverse split (in Shares) | shares

530,900

2,822,472

Third Parties [Member]

Loans and Notes [Line Items]

Interest expenses loan amount

$ 0

$ 2,515

Accredited Investor [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Interest rate

13.33%

Principal amount

$ 2,123,600

Accredited Investor [Member] | Common Stock [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Additional share issued (in Shares) | shares

228

Pre reverse split (in Shares) | shares

15,927

5 Third Parties [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Principal amount

$ 3,580,488

$ 3,580,488

$ 3,580,488

$ 3,580,488

$ 3,580,488

$ 3,580,488

5 Related Parties [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Principal amount

$ 2,437,574

$ 2,437,574

$ 2,437,574

$ 2,437,574

$ 2,437,574

$ 2,437,574

Investor [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Interest rate

12%

Conversion price (in Dollars per share) | $ / shares

$ 6.9

Per share price (in Dollars per share) | $ / shares

$ 5.48

Converted into shares (in Shares) | shares

12,460

Pre reverse split (in Shares) | shares

872,183

Convertible notes

$ 6,018,062

Related Parties [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Convertible notes

$ 2,437,574

Related Parties [Member] | Common Stock [Member]

Loans and Notes [Line Items]

Converted into shares (in Shares) | shares

5,047

Pre reverse split (in Shares) | shares

353,272

YA II PN Ltd [Member]

Loans and Notes [Line Items]

Convertible notes

$ 3,500,000

Aggregate percentage traded on primary market

25%

Redemption premium

$ 284,790

Amortization of debt discount amount

358,284

YA II PN Ltd [Member] | Convertible Debentures [Member]

Loans and Notes [Line Items]

Principal amount

$ 1,100,000

YA II PN Ltd [Member] | Common Stock [Member]

Loans and Notes [Line Items]

Pre reverse split (in Shares) | shares

3,455,894

Conversion of shares (in Shares) | shares

49,370

Premium Finance Agreement [Member] | First Insurance Funding [Member]

Loans and Notes [Line Items]

Short term loan

$ 264,563

Instalments amount

$ 27,177

Agtiq Loan Agreement [Member] | Revolving Credit Facility [Member] | Agtiq Solutions Sdn Bhd [Member]

Loans and Notes [Line Items]

Loan facility to borrow

$ 700,000

RM 3,000,000

Interest rate

3.50%

Balance amount

$ 668,923

Technovative Loan Agreement [Member] | Revolving Credit Facility [Member] | Technovative Hub Sdn Bhd [Member]

Loans and Notes [Line Items]

Loan facility to borrow

$ 1,000,000

RM 4,000,000

Interest rate

3.50%

Balance amount

$ 748,724

Additional amount

$ 567,215

Tophill Loan Agreement 1 [Member]

Loans and Notes [Line Items]

Loan facility to borrow

$ 4,800,000

Interest rate

3.50%

Percentage of public offering price

80%

Tophill Loan Agreement 2 [Member]

Loans and Notes [Line Items]

Loan facility to borrow

$ 11,900,000

RM 50,000,000

Interest rate

3.50%

Tophill Loan Agreement 2 [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Conversion price (in Dollars per share) | $ / shares

$ 4.38

Per share price (in Dollars per share) | $ / shares

$ 5.48

Conversion price percentage

80%

80%

Tophill Loan Agreement One And Two [Member]

Loans and Notes [Line Items]

Remaining principal and accrued interest

$ 8,639,307

Tophill Loan Agreement One And Two [Member] | Common Stock [Member]

Loans and Notes [Line Items]

Converted into shares (in Shares) | shares

39,384

Pre reverse split (in Shares) | shares

2,756,879

Securities Purchase Agreement [Member]

Loans and Notes [Line Items]

Conversion price (in Dollars per share) | $ / shares

$ 0.25

Conversion price percentage

93%

Common stock conversion price (in Dollars per share) | $ / shares

$ 1.6204

Securities Purchase Agreement [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Interest rate

4%

Debt instrument, term

12 months

IPO [Member]

Loans and Notes [Line Items]

Pre reverse split (in Shares) | shares

32,857

IPO [Member] | Investor [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Conversion price (in Dollars per share) | $ / shares

$ 6.9

Private Placement [Member] | Unsecured Convertible Notes [Member]

Loans and Notes [Line Items]

Unsecured convertible notes

$ 5,500,000

[1]Giving retroactive effect to the 1-for-70 reverse stock split effected on February 27, 2024

Loans and Notes (Details) - Sch

Loans and Notes (Details) - Schedule of Convertible Notes Payable, Net of Unamortized Discounts - Convertible Notes Payable [Member] - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Face value of convertible notes payable [Member]
Schedule of Convertible Notes Payable, Net of Unamortized Discounts [Line Items]
Beginning balance	$ 5,150,000	$ 14,108,876
Ending balance		5,150,000
Issuance of convertible notes		8,172,093
Amortization of debt discounts
Repayments	(3,367,290)
Conversion	(1,782,710)	(17,130,969)
Exchange rate effect
Unamortized debt discounts [Member]
Schedule of Convertible Notes Payable, Net of Unamortized Discounts [Line Items]
Beginning balance	(358,284)	(717,260)
Ending balance		(358,284)
Issuance of convertible notes		(1,189,074)
Amortization of debt discounts	358,284	1,290,050
Repayments
Conversion		245,980
Exchange rate effect		12,020
Convertible notes payable, net of unamortized discounts [Member]
Schedule of Convertible Notes Payable, Net of Unamortized Discounts [Line Items]
Beginning balance	4,791,716	13,391,616
Ending balance		4,791,716
Issuance of convertible notes		6,983,019
Amortization of debt discounts	358,284	1,290,050
Repayments	(3,367,290)
Conversion	(1,782,710)	(16,884,989)
Exchange rate effect		12,020
Third parties [Member]
Schedule of Convertible Notes Payable, Net of Unamortized Discounts [Line Items]
Beginning balance	4,791,716	10,954,042
Ending balance		4,791,716
Issuance of convertible notes		6,983,019
Amortization of debt discounts	358,284	1,290,050
Repayments	(3,367,290)
Conversion	(1,782,710)	(14,447,415)
Exchange rate effect		12,020
Related parties [Member]
Schedule of Convertible Notes Payable, Net of Unamortized Discounts [Line Items]
Beginning balance		2,437,574
Ending balance
Issuance of convertible notes
Amortization of debt discounts
Repayments
Conversion		(2,437,574)
Exchange rate effect

Other Payables and Accrued Li_3

Other Payables and Accrued Liabilities (Details) - Schedule of Other Payables and Accrued Liabilities - USD ($)		Jun. 30, 2024	Jun. 30, 2023
Schedule of Other Payables and Accrued Liabilities [Abstract]
Accrued professional fees	[1]	$ 202,000	$ 233,600
Accrued promotion expenses	[2]		39,538
Accrued payroll		69,147	157,542
Accrued interest	[3]	2,375	79,936
Payables to merchant from ZCITY platform	[4]	201,338	174,056
Others		29,022	38,724
Total other payables and accrued liabilities		$ 508,657	$ 723,396
[1]Accrued professional fees The balance of accrued professional fees represented amount due to third parties service providers which include mobile application developing, marketing consulting service, IT related professional service, audit fee, tax filing fee, and consulting fee related to capital raising.[2]Accrued promotion expense The balance of accrued promotion expense represented the balance of profit sharing payable to the Company’s merchant and subscribed agents to promote business growth.[3]Accrued interest The balance of accrued interest represented the balance of interest payable from convertible notes aforementioned in Note 10.[4]Payables to merchants from ZCITY platform The balance of payables to merchants from ZCITY platform represented the amount the Company collected on behalf of merchant from its customer through the Company’s ZCITY platform.

Related Party Balances and Tr_3

Related Party Balances and Transactions (Details)			12 Months Ended
	Dec. 07, 2020 USD ($)	Dec. 07, 2020 MYR (RM)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Related Party Transaction [Line Items]
Repayment of loan			$ 4,215	$ 4,105
Number of equal monthly installment	60 months	60 months
Chan Chong “Sam” Teo [Member]
Related Party Transaction [Line Items]
Repayment of loan	$ 27,000	RM 114,000
Outstanding balance			9,081
Outstanding balance due			2,743
Chan Chong “Sam” Teo [Member] | Auto Loan [Member]
Related Party Transaction [Line Items]
Percentage of interest	5.96%	5.96%
Related Party [Member]
Related Party Transaction [Line Items]
Interest expense			$ 1,414	$ 1,779

Related Party Balances and Tr_4

Related Party Balances and Transactions (Details) - Schedule of Related Party Balances - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Ezytronic Sdn Bhd [Member]
Schedule of Related Party Balances [Line Items]
Other receivable, a related party, Relationship	Jau Long “Jerry” Ooi is the common shareholder
Other receivable, a related party, Nature	Equipment rental deposit
Other receivable, a related party, Total	$ 12,246	$ 12,379
True Sight Sdn Bhd [Member]
Schedule of Related Party Balances [Line Items]
Other payables, related parties, Relationship	Su Huay “Sue” Chuah, the Company’s Former Chief Marketing Officer is the shareholder of this entity
Other payables, related parties, Nature	Consulting fee
Other payables, related parties, Total		345
Ezytronic Sdn Bhd [Member]
Schedule of Related Party Balances [Line Items]
Other payables, related parties, Relationship	Jau Long “Jerry” Ooi is a common shareholder
Other payables, related parties, Nature	Operating expense paid on behalf
Other payables, related parties, Total	$ 761	1,315
Related Party [Member]
Schedule of Related Party Balances [Line Items]
Other receivable, a related party, Total	12,246	12,379
Other payables, related parties, Total	761	1,660
Amount due to related parties, Total		320,960
Chong Chan “Sam” Teo [Member]
Schedule of Related Party Balances [Line Items]
Amount due to related parties, Relationship	Former Directors,Former Chief Executive Officer, and Shareholder of TGL
Amount due to related parties, Nature	Interest-free loan, due on demand
Amount due to related parties, Total		186,579
Kok Pin “Darren” Tan [Member]
Schedule of Related Party Balances [Line Items]
Amount due to related parties, Relationship	Shareholder of TGL
Amount due to related parties, Nature	Interest-free loan, due on demand
Amount due to related parties, Total		$ 134,381

Related Party Balances and Tr_5

Related Party Balances and Transactions (Details) - Schedule of Related Party Transactions - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Related Party [Member]
Related Party Transaction [Line Items]
Operating expenses from related parties, Total	$ 81,225	$ 348,704
Matrix Ideal Sdn Bhd [Member]
Related Party Transaction [Line Items]
Revenue from related parties, Relationship		Yu Weng Lok is a common shareholder
Revenue from related parties, Nature		Sales of products
Revenue from related parties, Total		$ 126
Ezytronic Sdn Bhd [Member]
Related Party Transaction [Line Items]
Purchase from related parties, Relationship		Jau Long “Jerry” Ooi is a common shareholder
Purchase from related parties, Nature		Purchase of products
Purchase from related parties, Total	25,446	$ 22,036
Ezytronic Sdn Bhd [Member]
Related Party Transaction [Line Items]
Equipment purchased from a related party, Relationship		Jau Long “Jerry” Ooi is a common shareholder
Equipment purchased from a related party, Nature		Purchase of equipment
Equipment purchased from a related party, Total	14,093	$ 52,328
World Cloud Ventures Sdn Bhd [Member]
Related Party Transaction [Line Items]
Operating expenses from related parties, Relationship		Shareholder of TGI
Operating expenses from related parties, Nature		Operating expense
Operating expenses from related parties, Total		$ 55,484
VCI Global Limited [Member]
Related Party Transaction [Line Items]
Operating expenses from related parties, Relationship		Shareholder of TGI
Operating expenses from related parties, Nature		Operating expense
Operating expenses from related parties, Total	15,000
Imej Jiwa Communications Sdn Bhd [Member]
Related Party Transaction [Line Items]
Operating expenses from related parties, Relationship		Voon Him “Victor” Hoo, the Company’s former Chairman and Managing Director is the director of this entity
Operating expenses from related parties, Nature		Consulting fess
Operating expenses from related parties, Total		$ 2,744
Ezytronic Sdn Bhd [Member]
Related Party Transaction [Line Items]
Operating expenses from related parties, Relationship		Jau Long “Jerry” Ooi is a common shareholder
Operating expenses from related parties, Nature		Operating expense
Operating expenses from related parties, Total	25,278
True Sight Sdn Bhd [Member]
Related Party Transaction [Line Items]
Operating expenses from related parties, Relationship		Su Huay “Sue” Chuah, the Company’s Former Chief Marketing Officer is a 40% shareholder of this entity
Operating expenses from related parties, Nature		Consulting fees
Operating expenses from related parties, Total	$ 40,947	$ 290,476

Stockholders' Deficiency (Detai

Stockholders' Deficiency (Details)

1 Months Ended

2 Months Ended

5 Months Ended

12 Months Ended

May 27, 2024 $ / shares shares

Apr. 08, 2024 $ / shares shares

Feb. 27, 2024

Feb. 22, 2024 $ / shares

Nov. 30, 2023 USD ($) $ / shares shares

Nov. 28, 2023 USD ($) $ / shares shares

Mar. 20, 2023 USD ($) shares

Aug. 15, 2022 USD ($) $ / shares shares

Aug. 10, 2022 USD ($) $ / shares shares

Jul. 01, 2020 USD ($)

Feb. 28, 2024 USD ($)

Jul. 31, 2021 $ / shares

Jan. 31, 2024 $ / shares

Jun. 30, 2023 USD ($) $ / shares shares

Jun. 30, 2024 USD ($) $ / shares shares

Jun. 30, 2023 USD ($) $ / shares shares

May 31, 2024 USD ($) $ / shares shares

Mar. 12, 2024 USD ($) $ / shares

Dec. 19, 2023 USD ($) $ / shares shares

Oct. 30, 2023 USD ($) shares

Oct. 12, 2023 USD ($) $ / shares shares

Jun. 30, 2022 $ / shares

Oct. 31, 2021 $ / shares shares

Stockholders’ deficiency [Line Items]

Shares authorized

[1]

170,000,000

170,000,000

170,000,000

Par value (in Dollars per share) | $ / shares

$ 0.00001

$ 0.00001

$ 0.00001

[1]

$ 0.00001

[1]

$ 0.00001

[1]

Reverse stock split

1-for-70

Aggregate principal amount (in Dollars) | $

$ 5,500,000

Fair value of conversion feature (in Dollars) | $

$ 211,679

$ 749,062

Conversion shares issued

68,061

64,335

Conversion of convertible note payable (in Dollars) | $

$ 1,811,070

$ 14,476,367

Convertible debt (in Dollars) | $

1,782,710

Convertible note payable (in Dollars) | $

1,811,070

Price per share (in Dollars per share) | $ / shares

$ 3.93

$ 3.93

Net proceeds (in Dollars) | $

$ 8,200,000

8,235,110

Offering expenses (in Dollars) | $

1,000,000

Fair value of warrants issued (in Dollars) | $

$ 200,000

175,349

Percentage of equivalents

2%

2%

Market price per share (in Dollars per share) | $ / shares

$ 5.48

Common stock, shares issued

371,628

Fair value of price pre share (in Dollars per share) | $ / shares

$ 4

Fair value amount (in Dollars) | $

$ 439,332

Stock-based compensation expense (in Dollars) | $

$ 0

$ 439,332

Stock issued

125,954

126,081

255,734

[1]

1,671,623

[1]

255,734

[1]

Equivalent based on closing price (in Dollars) | $

$ 7,951,225

Purchase price per share (in Dollars per share) | $ / shares

$ 0.01

Aggregated net proceed (in Dollars) | $

$ 431,811

Common stock amount (in Dollars) | $

[1]

$ 3

17

3

Exchange worth of common stock

495,000

495,500

Capital contribution (in Dollars) | $

$ 16,348

Fair value of the warrants (in Dollars) | $

$ 856,170

175,349

Offering price (in Dollars) | $

$ 280

Offering price percentage

125%

Warrants issued

14,000,000

Warrants of common stock (in Dollars) | $

$ 1,398,600

Stock-based compensation expense (in Dollars) | $

11,111

Warrants [Member]

Stockholders’ deficiency [Line Items]

Warrant issued

300,000

Purchase price per share (in Dollars per share) | $ / shares

$ 4

Exercisable duration

5 years

Common stock, shares received

2,245

Representative Warrants [Member]

Stockholders’ deficiency [Line Items]

Market price per share (in Dollars per share) | $ / shares

$ 5

Common stock, shares issued

32,858

Shares sold percentage

5%

H.C. Wainwright & Co [Member]

Stockholders’ deficiency [Line Items]

Net of broker fee issuance shares of common stock (in Dollars) | $

$ 94,889

AI Lab Martech Sdn. Bhd [Member]

Stockholders’ deficiency [Line Items]

Par value (in Dollars per share) | $ / shares

$ 13.39

Stock issued

42,044

VT Smart Venture Sdn Bhd [Member]

Stockholders’ deficiency [Line Items]

Pre reverse split

142,857

Pre reverse split, per share (in Dollars per share) | $ / shares

$ 7

MYUP Solution Sdn Bhd [Member]

Stockholders’ deficiency [Line Items]

Aggregate of shares

126,081

Falcon Gateway Sdn Bhd [Member]

Stockholders’ deficiency [Line Items]

Aggregate of shares

125,954

Common Stock [Member]

Stockholders’ deficiency [Line Items]

Shares authorized

10,000,000

Par value (in Dollars per share) | $ / shares

$ 0.00001

Preferred stock, par value (in Dollars per share) | $ / shares

$ 0.00001

Reverse stock split

1:70

Fair value of conversion feature (in Dollars) | $

Conversion shares issued

4,764,200

4,503,412

Conversion of convertible note payable (in Dollars) | $

$ 1

$ 1

Convertible debt (in Dollars) | $

$ 2,437,574

$ 2,437,574

Common stock, shares issued

1,570

32,857

[2]

Equivalent based on closing price (in Dollars) | $

Pre reverse split

[2]

8

Common Stock [Member] | Warrants [Member]

Stockholders’ deficiency [Line Items]

Common stock, shares received

157,143

Preferred Stock [Member]

Stockholders’ deficiency [Line Items]

Preferred stock, shares authorized

20,000,000

Preferred stock, par value (in Dollars per share) | $ / shares

$ 0.00001

Capital Market Advisory Agreement [Member]

Stockholders’ deficiency [Line Items]

Price per share (in Dollars per share) | $ / shares

$ 0.001

Common Stock Issued for Consulting Service [Member]

Stockholders’ deficiency [Line Items]

Common stock, shares issued

109,833

Expected Volatility [Member]

Stockholders’ deficiency [Line Items]

Fair value of warrants assumptions

49

54.8

Risk-Free Interest Rate [Member]

Stockholders’ deficiency [Line Items]

Fair value of warrants assumptions

0.89

2.91

Expected Life [Member]

Stockholders’ deficiency [Line Items]

Fair value of warrants assumptions

5

5

Exercise Price [Member]

Stockholders’ deficiency [Line Items]

Fair value of warrants assumptions

4

5

Market Price [Member]

Stockholders’ deficiency [Line Items]

Fair value of warrants assumptions

5.48

Stock Price [Member]

Stockholders’ deficiency [Line Items]

Fair value of warrants assumptions

4

Software Development Agreement [Member] | Myviko Holding Sdn. Bhd [Member]

Stockholders’ deficiency [Line Items]

Par value (in Dollars per share) | $ / shares

$ 0.00001

Common stock amount (in Dollars) | $

$ 1,000,000

Shares issued

198,412

Underwriter Agreement [Member]

Stockholders’ deficiency [Line Items]

Pre reverse split

100,000

Underwriter Agreement [Member] | Representative Warrants [Member]

Stockholders’ deficiency [Line Items]

Par value (in Dollars per share) | $ / shares

$ 0.00001

Pre reverse split

2,300,000

Offering price per share (in Dollars per share) | $ / shares

$ 4

Underwriting Agreement Two [Member]

Stockholders’ deficiency [Line Items]

Pre reverse split, per share (in Dollars per share) | $ / shares

$ 0.1

Pre reverse split

26,014,000

Exercise price (in Dollars per share) | $ / shares

$ 0.0001

Underwriting Agreement Two [Member] | Warrants [Member]

Stockholders’ deficiency [Line Items]

Pre reverse split

1,428

Underwriting Agreement Two [Member] | Pre-Funded Warrants [Member]

Stockholders’ deficiency [Line Items]

Purchase price per share (in Dollars per share) | $ / shares

0.01

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

Stockholders’ deficiency [Line Items]

Shares issued

25,954

IPO [Member]

Stockholders’ deficiency [Line Items]

Par value (in Dollars per share) | $ / shares

$ 0.1

Issuance of common stock, shares

32,857

Price per share (in Dollars per share) | $ / shares

$ 0.01

Common stock, shares issued

32,857

Stock issued

26,014,000

Common stock amount (in Dollars) | $

$ 280

IPO [Member] | Common Stock [Member]

Stockholders’ deficiency [Line Items]

Stock issued

371,629

Pre-Funded Warrants [Member]

Stockholders’ deficiency [Line Items]

Net proceeds (in Dollars) | $

$ 3,500,000

Offering expenses (in Dollars) | $

$ 500,000

Warrant issued

14,000,000

200,000

Purchase price per share (in Dollars per share) | $ / shares

$ 0.0999

$ 0.0999

Pre reverse split, per share (in Dollars per share) | $ / shares

0.0999

Exercise price (in Dollars per share) | $ / shares

$ 0.0001

Exercise shares

14,000,000

Pre-Funded Warrants [Member] | Common Stock [Member]

Stockholders’ deficiency [Line Items]

Warrant issued

14,000,000

Pre-Funded Warrants [Member] | Underwriting Agreement Two [Member]

Stockholders’ deficiency [Line Items]

Pre reverse split

371,629

Warrants issued

14,000,000

Software Development Agreement [Member] | VT Smart Venture Sdn Bhd [Member]

Stockholders’ deficiency [Line Items]

Par value (in Dollars per share) | $ / shares

$ 0.00001

Common stock amount (in Dollars) | $

$ 1,000,000

Pre reverse split

10,000,000

Pre reverse split, per share (in Dollars per share) | $ / shares

$ 0.1

License and Service Agreement [Member] | AI Lab Martech Sdn. Bhd [Member]

Stockholders’ deficiency [Line Items]

Par value (in Dollars per share) | $ / shares

$ 0.1913

Stock issued

2,943,021

Common stock amount (in Dollars) | $

$ 563,000

ZCITY [Member]

Stockholders’ deficiency [Line Items]

Shares authorized

150,000,000

Par value (in Dollars per share) | $ / shares

$ 0.00001

ZCITY [Member] | Common Stock [Member]

Stockholders’ deficiency [Line Items]

Shares authorized

170,000,000

Related Parties [Member] | Common Stock [Member]

Stockholders’ deficiency [Line Items]

Conversion shares issued

353,272

TraDigital Marketing Group [Member]

Stockholders’ deficiency [Line Items]

Price per share (in Dollars per share) | $ / shares

$ 4.1

Cash (in Dollars) | $

$ 120,000

Stock issued

20,000

Stock-based compensation expenses (in Dollars) | $

$ 82,000

$ 0

Former Director [Member]

Stockholders’ deficiency [Line Items]

Stock issued

285,714

Equivalent based on closing price (in Dollars) | $

$ 380,000

Related Party [Member] | Common Stock [Member]

Stockholders’ deficiency [Line Items]

Pre reverse split

353,272

Related Party [Member] | Restricted Stock [Member]

Stockholders’ deficiency [Line Items]

Stock exchange for cancellation of debt (in Dollars) | $

$ 321,562

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

Stockholders’ deficiency [Line Items]

Stock issued

1,816,735

Convertible Notes Payable [Member]

Stockholders’ deficiency [Line Items]

Loan amount (in Dollars) | $

2,686,914

Convertible notes (in Dollars) | $

537,383

Convertible Notes Payable [Member] | Common Stock [Member]

Stockholders’ deficiency [Line Items]

Conversion of convertible note payable (in Dollars) | $

$ 16,913,941

Convertible Notes Payable [Member] | Related Parties [Member] | Common Stock [Member]

Stockholders’ deficiency [Line Items]

Conversion shares issued

5,047

Common Stock [Member]

Stockholders’ deficiency [Line Items]

Stock issued

94,889

Pre reverse split, per share (in Dollars per share) | $ / shares

0.1

Common Stock [Member] | IPO [Member]

Stockholders’ deficiency [Line Items]

Par value (in Dollars per share) | $ / shares

$ 0.00001

$ 0.00001

Issuance of common stock, shares

2,300,000

Price per share (in Dollars per share) | $ / shares

$ 4

[1]Giving retroactive effect to the 1-for-70 reverse stock split effected on February 27, 2024[2]Giving retroactive effect to the 1-for-70 reverse stock split effected on February 27, 2024

Stockholders' Deficiency (Det_2

Stockholders' Deficiency (Details) - Schedule of Warrants Outstanding - Warrant [Member] - $ / shares		12 Months Ended
	Jul. 01, 2023	Jun. 30, 2024
Schedule of Warrants Outstanding [Line Items]
Shares, Outstanding Ending	100,000	100,000
Weighted Average Exercise Price, Ending	$ 5	$ 5
Weighted Average Remaining Contractual Term (Years), Ending	4 years 1 month 6 days	3 years 1 month 6 days
Shares, Granted		14,000,000
Weighted Average Exercise Price, Granted		$ 0.0001
Shares, Exercised		(14,000,000)
Weighted Average Exercise Price, Exercised

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Taxes [Line Items]
Taxable income rate	(0.60%)	(0.80%)
Net operating loss carry forwards in U.S. (in Dollars)	$ 1,751,481	$ 1,177,486
Foreign tax credits	80%
Deferred tax valuation allowance (in Dollars)	$ 5,288,159	4,927,995
Change in valuation allowance (in Dollars)	1,245,262	2,492,329
United States of America [Member]
Income Taxes [Line Items]
Net operating losses (in Dollars)	$ 8,340,387
Taxable income rate	80%
Net operating loss carry forwards in U.S. (in Dollars)	$ 1,751,481	1,177,486
Effective income tax rate reconciliation tax controlled from foreign	35%
Effective income tax rate reconciliation, GILTI, percent	10.50%
Effective income tax rate reconciliation, deduction, percent	50%
Current enacted tax rate	21%
Malaysia [Member]
Income Taxes [Line Items]
Net operating losses (in Dollars)	$ 22,033,996
Taxable income rate	24%
Foreign tax credits	80%
Foreign tax rate	13.125%
Operating loss carryforwards, limitations on use	ten consecutive years
Deferred tax valuation allowance (in Dollars)	$ 5,288,159	$ 4,927,995

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of United States and Foreign Components of Income (Loss) Before Income Taxes - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of United States and Foreign Components of Income (Loss) Before Income Taxes [Line Items]
Loss before income tax	$ (6,546,908)	$ (11,630,095)
Provision for income taxes	39,715	97,616
Local – United States [Member]
Schedule of United States and Foreign Components of Income (Loss) Before Income Taxes [Line Items]
Loss before income tax	(3,919,962)	(3,728,225)
Provision for income taxes	33,680	97,616
Foreign – Malaysia [Member]
Schedule of United States and Foreign Components of Income (Loss) Before Income Taxes [Line Items]
Loss before income tax	(2,626,946)	(7,901,870)
Provision for income taxes	$ 6,035

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of Reconciles the Local (United States) Statutory Rates to the Company’s Effective Tax Rate	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Schedule of Reconciles the Local (United States) Statutory Rates to the Company’s Effective Tax Rate [Abstract]
U.S. statutory rate	21%	21%
Differential of Malaysia statutory tax rate	1.20%	2%
Change in valuation allowance	(19.00%)	(23.80%)
Permanent difference	(3.80%)
Effective tax rate	(0.60%)	(0.80%)

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of Aggregate Deferred Tax Assets - USD ($)		Jun. 30, 2024	Jun. 30, 2023
Deferred tax assets:
Net operating loss carry forwards in U.S.		$ 1,751,481	$ 1,177,486
Net operating loss carry forwards in Malaysia		5,288,159	4,927,995
Allowance for credit losses		51,157
Unrealized holding loss on marketable securities		173,957
Amortization of debt discount		156,403	70,415
Less: valuation allowance	[1]	(7,421,158)	(6,175,896)
Deferred tax assets
[1] Change in valuation allowance was amounted to $1,245,262 and $2,492,329 for the years ended June 30, 2024 and 2023, respectively.

Concentrations of Risks (Detail

Concentrations of Risks (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Concentrations of Risks [Line Items]
Fund received from customer (in Dollars)	$ 198,952	$ 4,593,634
Balance not covered by insurance (in Dollars)	$ 85,308	$ 2,458,638
Customer Concentration Risk [Member] | Customer One [Member] | Accounts Receivable [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage	65.30%	24.60%
Customer Concentration Risk [Member] | Customer Two Member | Accounts Receivable [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage	19.30%	24.60%
Customer Concentration Risk [Member] | Customer Three [Member] | Accounts Receivable [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage	15.40%
Supplier Concentration Risk [Member] | Total Purchases [Member] | Vendors One [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage	52.70%	62.50%
Supplier Concentration Risk [Member] | Total Purchases [Member] | Vendors Two [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage	41.20%	32.70%
Supplier Concentration Risk [Member] | Accounts Payable [Member] | Vendors One [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage	85.10%	91%
Supplier Concentration Risk [Member] | Accounts Payable [Member] | Vendors Two [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage	11.60%

Leases (Details)

Leases (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jul. 01, 2022
Leases [Abstract]
Right of use asset	$ 17,257	$ 61,377	$ 84,829
Discount rate			3.50%
Weighted-average lease term	6 months
Lease expense	$ 40,676	$ 38,496

Leases (Details) - Schedule of

Leases (Details) - Schedule of Company’s Lease Liabilities under the Remaining Operating Leases	Jun. 30, 2024 USD ($)
Schedule of Company’s Lease Liabilities under the Remaining Operating Leases [Abstract]
2025	$ 17,554
2026
Total undiscounted lease payments	17,554
Less imputed interest	(297)
Total lease liabilities	$ 17,257

Subsequent Events (Details)

Subsequent Events (Details) - Forecast [Member]	3 Months Ended
	Sep. 30, 2024 USD ($) shares
Subsequent Events [Line Items]
Received net proceed (in Dollars) | $	$ 2,457,456
Issuance of shares	1,583,418
Credilab Sdn Bhd [Member]
Subsequent Events [Line Items]
Common stock, shares issued	2,000,000