Treasure Global (TGL) 10-Q 14 Feb 25 2025 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Dec. 31, 2024	Feb. 14, 2025
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Dec. 31, 2024
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Entity Information [Line Items]
Entity Registrant Name	Treasure Global Inc
Entity Central Index Key	0001905956
Entity File Number	001-4147
Entity Tax Identification Number	36-4965082
Entity Incorporation, State or Country Code	DE
Current Fiscal Year End Date	--06-30
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 Incorporation, Date of Incorporation	Mar. 20, 2020
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		52,427,273

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2024	Jun. 30, 2024
CURRENT ASSETS
Cash and cash equivalents	$ 258,578	$ 200,013
Investment in marketable securities	504,298	171,633
Accounts receivable, net	257,470
Inventories, net	13,855	27,467
Other receivables and other current assets, net	794,013	186,829
Prepayments	294,615	358,526
Total current assets	2,135,750	956,714
OTHER ASSETS
Property and equipment, net	137,292	173,678
Intangible assets, net	14,239,294	3,130,936
Operating lease right-of-use assets		17,257
Other receivables and other assets, non-current, net	2,583,884
Total other assets	16,960,470	3,321,871
TOTAL ASSETS	19,096,220	4,278,585
CURRENT LIABILITIES
Insurance loan		38,371
Accounts payable	18,830	22,441
Customer deposits	3,684	70,080
Contract liability	182,915	188,748
Other payables and accrued liabilities	447,806	508,657
Operating lease liabilities		17,257
Income tax payables	33,595	42,456
Total current liabilities	694,079	895,109
NON-CURRENT LIABILITIES
Total non-current liabilities		2,743
TOTAL LIABILITIES	694,079	897,852
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Common stock, par value $0.00001; 170,000,000 shares authorized, 32,862,655 and 1,671,623 shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively	329	17
Additional paid-in capital	59,169,847	41,171,827
Subscription receivable	(1,692,921)
Accumulated deficit	(39,213,113)	(38,030,074)
Accumulated other comprehensive income	137,999	238,963
TOTAL STOCKHOLDERS' EQUITY	18,402,141	3,380,733
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	19,096,220	4,278,585
Related Party
CURRENT ASSETS
Other receivable, related party	12,921	12,246
CURRENT LIABILITIES
Related party loan, current portion	7,249	6,338
Other payables, related parties		761
NON-CURRENT LIABILITIES
Related party loan, non-current portion		$ 2,743

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2024	Jun. 30, 2024
Statement of Financial Position [Abstract]
Common stock, par value (in Dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized	170,000,000	170,000,000
Common stock, shares issued	32,862,655	1,671,623
Common stock, shares outstanding	32,862,655	1,671,623

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)		3 Months Ended		6 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
REVENUES		$ 301,898	$ 6,713,805	$ 509,269	$ 20,177,700
COST OF REVENUES		(77,947)	(6,368,202)	(113,146)	(19,669,463)
GROSS PROFIT		223,951	345,603	396,123	508,237
SELLING		(39,670)	(510,640)	(117,416)	(1,272,343)
GENERAL AND ADMINISTRATIVE		(774,151)	(786,043)	(1,563,045)	(2,023,210)
RESEARCH AND DEVELOPMENT		(33,136)	(138,236)	(80,345)	(220,628)
STOCK-BASED COMPENSATION		(70,000)		(140,000)
TOTAL OPERATING EXPENSES		(916,957)	(1,434,919)	(1,900,806)	(3,516,181)
LOSS FROM OPERATIONS		(693,006)	(1,089,316)	(1,504,683)	(3,007,944)
OTHER (EXPENSE) INCOME
Other income (expense), net		10,799	(225,721)	12,178	(197,321)
Interest expense		(857)	(21,593)	(2,368)	(69,442)
Unrealized holding loss on marketable securities		460,172	(412,607)	332,665	(352,435)
Other income from software developing service, net of cost			675,131		675,131
Amortization of debt discount			(119,402)		(358,284)
TOTAL OTHER INCOME (EXPENSE), NET		470,114	(104,192)	342,475	(302,351)
LOSS BEFORE INCOME TAXES		(222,892)	(1,193,508)	(1,162,208)	(3,310,295)
PROVISION FOR INCOME TAXES		(9,440)	(6,006)	(20,831)	(20,931)
NET LOSS		(232,332)	(1,199,514)	(1,183,039)	(3,331,226)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments		(41,819)	(5,293)	(100,964)	(5,250)
COMPREHENSIVE LOSS		$ (274,151)	$ (1,204,807)	$ (1,284,003)	$ (3,336,476)
LOSS PER SHARE
Basic (in Dollars per share)	[1]	$ (0.01)	$ (2.22)	$ (0.1)	$ (8.3)
Diluted (in Dollars per share)	[1]	$ (0.01)	$ (2.22)	$ (0.1)	$ (8.3)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic (in Shares)	[1]	20,518,140	539,921	11,607,925	401,515
Diluted (in Shares)	[1]	20,518,140	539,921	11,607,925	401,515
[1]Givingretroactive effect to the 1-for-70 reverse stock split effected on February 27, 2024

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Change in Stockholders’ Equity (Deficiency) - USD ($)		COMMON STOCK		ADDITIONAL PAID IN CAPITAL	SUBSCRIPTION RECEIVABLES	ACCUMULATED DEFICIT	ACCUMULATED OTHER COMPREHENSIVE INCOME	Total
Balance at Jun. 30, 2023		$ 3	[1]	$ 31,485,733		$ (31,443,451)	$ (172,617)	$ (130,332)
Balance (in Shares) at Jun. 30, 2023	[1]	255,734
Net loss						(2,131,712)		(2,131,712)
Conversion of convertible note payable				1,325,638				1,325,638
Conversion of convertible note payable (in Shares)	[1]	40,321
Foreign currency translation adjustment							43	43
Balance at Sep. 30, 2023		$ 3	[1]	32,811,371		(33,575,163)	(172,574)	(936,363)
Balance (in Shares) at Sep. 30, 2023	[1]	296,055
Balance at Jun. 30, 2023		$ 3	[1]	31,485,733		(31,443,451)	(172,617)	(130,332)
Balance (in Shares) at Jun. 30, 2023	[1]	255,734
Net loss								(3,331,226)
Balance at Dec. 31, 2023		$ 10	[1]	38,639,244		(34,774,677)	(177,867)	3,686,710
Balance (in Shares) at Dec. 31, 2023	[1]	989,133
Balance at Sep. 30, 2023		$ 3	[1]	32,811,371		(33,575,163)	(172,574)	(936,363)
Balance (in Shares) at Sep. 30, 2023	[1]	296,055
Net loss						(1,199,514)		(1,199,514)
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]	25,953
Issuance of common stock for acquiring intangible assets		$ 2	[1]	1,562,998				1,563,000
Issuance of common stock for acquiring intangible assets (in Shares)	[1]	184,900
Issuance of common stock and prefunded warrants in underwritten public offering, net of issuance costs		$ 4	[1]	3,457,302				3,457,306
Issuance of common stock and prefunded warrants in underwritten public offering, net of issuance costs (in Shares)	[1]	371,629
Exercise of prefunded warrants into common stock		$ 1	[1]	579				580
Exercise of prefunded warrants into common stock (in Shares)	[1]	82,857
Conversion of convertible note payable				485,432				485,432
Conversion of convertible note payable (in Shares)	[1]	27,739
Foreign currency translation adjustment							(5,293)	(5,293)
Balance at Dec. 31, 2023		$ 10	[1]	38,639,244		(34,774,677)	(177,867)	3,686,710
Balance (in Shares) at Dec. 31, 2023	[1]	989,133
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						1,671,623
Net loss						(950,707)		$ (950,707)
Issuance of common stock at the market offering, net of issuance costs		$ 16		2,457,374				2,457,390
Issuance of common stock at the market offering, net of issuance costs (in Shares)		1,583,418
Issuance of common stock for software development		$ 20		1,379,980				1,380,000
Issuance of common stock for software development (in Shares)		2,000,000
Employee stock base compensation				70,000				70,000
Foreign currency translation adjustment							(59,145)	(59,145)
Balance at Sep. 30, 2024		$ 53		45,079,181		(38,980,781)	179,818	6,278,271
Balance (in Shares) at Sep. 30, 2024		5,255,041
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						1,671,623
Net loss								$ (1,183,039)
Balance at Dec. 31, 2024		$ 329		59,169,847	(1,692,921)	(39,213,113)	137,999	$ 18,402,141
Balance (in Shares) at Dec. 31, 2024		32,862,655						32,862,655
Balance at Sep. 30, 2024		$ 53		45,079,181		(38,980,781)	179,818	$ 6,278,271
Balance (in Shares) at Sep. 30, 2024		5,255,041
Net loss						(232,332)		(232,332)
Issuance of common stock for share purchase agreement		$ 86		2,043,856	(515,921)			1,528,021
Issuance of common stock for share purchase agreement (in Shares)		8,558,993
Issuance of common stock for subscription agreement		$ 36		1,176,964	(1,177,000)
Issuance of common stock for subscription agreement (in Shares)		3,566,668
Issuance of common stock for employee stock base compensation
Issuance of common stock for employee stock base compensation (in Shares)		41,654
Issuance of common stock for software development		$ 154		10,799,846				10,800,000
Issuance of common stock for software development (in Shares)		15,440,299
Employee stock base compensation				70,000				70,000
Foreign currency translation adjustment							(41,819)	(41,819)
Balance at Dec. 31, 2024		$ 329		$ 59,169,847	$ (1,692,921)	$ (39,213,113)	$ 137,999	$ 18,402,141
Balance (in Shares) at Dec. 31, 2024		32,862,655						32,862,655
[1] Giving retroactive effect to the 1-for-70 reverse stock split effected on February 27, 2024

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,183,039)	$ (3,331,226)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	49,168	64,171
Amortization of intangible assets	480,823	131,834
Amortization of debt discounts		358,284
Amortization of operating right-of-use assets	18,394	19,521
Allowance for (recovery from) credit losses	90,479	53,250
Inventories impairment		486
Stock-based compensation	140,000
Other income from software developing service		(1,000,000)
Unrealized holding (gain) loss on marketable securities	(332,665)	352,435
Change in operating assets and liabilities
Accounts receivable	(263,795)	(72,759)
Inventories	15,281	275,484
Other receivables and other current assets	(492,184)	200,765
Prepayments	84,516	(146,285)
Accounts payable	(5,708)	123,112
Customer deposits	(70,974)	(30,117)
Contract liability	(16,396)	32,376
Other payables and accrued liabilities	(78,029)	(91,019)
Operating lease liabilities	(18,394)	(19,054)
Income tax payables	5	(10,624)
Net cash used in operating activities	(1,582,518)	(3,089,366)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of equipment	(2,746)	(14,451)
Purchases of intangible asset		(192,477)
Collaboration deposit	(2,190,715)
Net cash used in investing activities	(2,193,461)	(206,928)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock in market offering	2,457,390
Issuance of common stock for share purchase agreement	1,528,021
Proceeds from issuance of common stock and prefunded warrants in November 2023 Offering		3,457,306
Proceeds received from exercising prefunded warrants		580
Advance proceeds received from exercising prefunded warrants		820
Principal payments of insurance loan	(38,371)	(160,292)
Payments of related party loan	(2,356)	(2,150)
Repayments of convertible notes		(3,367,290)
Net cash provided by (used in) financing activities	3,944,684	(71,026)
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS	(110,140)	256
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	58,565	(3,367,064)
CASH AND CASH EQUIVALENTS, beginning of period	200,013	4,593,634
CASH AND CASH EQUIVALENTS, end of period	258,578	1,226,570
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid	20,831	29,957
Interest paid	3,426	23,599
SUPPLEMENTAL NON-CASH FLOWS INFORMATION
Conversion of convertible note payable, net of unamortized discounts		1,811,070
Issuance of common stock for software development	12,180,000
Subscription receivable from issuance of common stock for subscription agreement and share purchase agreement	1,692,921
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		1,563,000
Issuance of warrant in connection with share purchase agreement	$ 204,394

Nature of Business and Organiza

Nature of Business and Organization	6 Months Ended
	Dec. 31, 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 unaudited condensed 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 unaudited condensed consolidated financial statements. The accompanying unaudited condensed 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 VWXYZ Venture Sdn. Bhd. (“VWXYZ”) (2) ● ● ● A Malaysian company Incorporated in July 2024 Holding company 100% owned by TGL Foodlink Global Sdn. Bhd. (“Foodlink”) (1) ● ● ● 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”) (1) ● ● ● 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”) (1) ● ● ● A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products. 100% owned by Foodlink (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. The Company recognized a gain amounted to $203,333 for the year end June 30, 2024 from disposal of Foodlink and its subsidiaries. However, the disposal did not have material impact to the Company’s operations. (2) VWXYZ is a holding company incorporated in July 2024, under the laws of Malaysia. As of December 31, 2024, VWXYZ has no substantive operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 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 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 $1.3 million for the six months ended December 31, 2024; (2) accumulated deficit of approximately $39.0 million as of December 31, 2024; and (3) net operating cash outflow of approximately $1.6 million for the six months ended December 31, 2024. 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. As of December 31, 2024, the Company received an aggregated net proceed of approximately $2.9 million, net of broker fee from issuance of 1,678,307 shares of common stock which sell through or to the Manager. On October 10, 2024, the Company entered into a Share Purchase Agreement (the “Purchase Agreement”) with Alumni Capital LP (“Alumni Capital”), a Delaware limited partnership. Pursuant to the Purchase Agreement, the Company has the right, but not the obligation to cause Alumni Capital to purchase up to $6,000,000 of the Company’s common stock, par value $0.00001 (the “Commitment Amount”), at certain purchase Price during the period beginning on the execution date of the Purchase Agreement and ending on the earlier of (i) the date on which Alumni Capital has purchased $6,000,000 of the Company’s common stock pursuant to the Purchase Agreement or (ii) December 31, 2025. As of December 31, 2024, Alumni Capital has purchased approximately $2.0 million worth of the Company’s common stock, totaling 8,558,993 shares. The Company has received approximately $1.5 million in net proceeds as of that date, with the remaining balance expected to be received by June, 2025. On November 27, 2024, the Company entered into a subscription agreement (the “Subscription Agreement”) with certain investors (the “Investors”). Pursuant to the Subscription Agreement, the Investors agreed to invest an aggregate amount of $1,177,000.00 (the “Investment Amount”) into the Company for 3,566,668 shares of the Company’s common stock (the “Offered Shares”), par value $0.00001 at a negotiated purchase price of $0.33 (the “Offering”). As of the date of the issuance of the Company’s unaudited condensed consolidated financial statements, the Company has issued 3,566,668 shares of Offered Shares to the Investors and received aggregate net proceed of $1,177,000. Despite receiving the net proceeds from the various 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 unaudited condensed consolidated financial statements of the Company has been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the SEC and pursuant to Regulation S-X. Certain information and footnote disclosures, which are normally included in annual financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to those rules and regulations. The unaudited condensed financial information should be read in conjunction with the audited financial statements and the notes thereto, included in the Form 10-K for the fiscal year ended June 30, 2024. In the opinion of management, all adjustments (including normal recurring adjustments) necessary to present a fair statement of the Company’s unaudited financial position as of December 31, 2024, its unaudited results of operations for the three and six months ended December 31, 2024 and 2023, and its unaudited cash flows for the six months ended December 31, 2024 and 2023, as applicable, have been made. The unaudited results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods. Principles of unaudited condensed consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and include the assets, liabilities, revenues and expenses of the subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. Subsidiary is 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 an unaudited condensed 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 December 31, 2024. Use of estimates The preparation of these unaudited condensed 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 unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in our unaudited condensed 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 unaudited condensed consolidated statements of operations and comprehensive loss. The reporting currency of the Company is United States Dollars (“US$”) and the accompanying unaudited condensed 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 unaudited condensed consolidated statements of changes in stockholders’ deficiency. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the unaudited condensed consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the unaudited condensed consolidated balance sheets. Translation of foreign currencies into US$1 have been made at the following exchange rates for the respective periods: As of December 31, June 30, Period-average MYR: US$1 exchange rate 4.47 4.72 For the six months ended 2024 2023 Period-average MYR: US$1 exchange rate 4.42 4.69 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. 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 unaudited condensed 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 December 31, 2024 and June 30, 2024, the Company recorded $4,819, and $1,100 of allowance for credit loss, respectively. For the six months ended December 31, 2024 and 2023, the Company record $3,648 and $53,250 additional allowance for credit loss against accounts receivable, respectively. For the three months ended December 31, 2024 and 2023, the Company record $4,595 and $5,465 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 three and six months ended December 31, 2024 and 2023, no write-downs for estimated obsolescence or unmarketable inventories were recorded. Other receivables and other current assets, net Other receivables and other current assets consist of refundable collaboration deposit related to the partnership agreement with Credilab Sdn. Bhd. In addition, other receivables and other current assets also include prepayment made by the Company to third parties for cyber security service, director & officer liability insurance (“D&O Insurance, 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 December 31, 2024 and June 30, 2024, the Company provided allowance for credit loss of $307,061 and $212,053, respectively. 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 December 31, 2024, and June 30, 2024, 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 unaudited condensed 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 December 31, 2024 and June 30, 2024, 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 unaudited condensed 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 unaudited condensed 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 unaudited condensed 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. Subscription receivables The subscription receivables balance represented the outstanding subscription consideration receivable for the issuance of the common stock from the Company in connection with the Purchase Agreement and Subscription Agreements (see Note 13). Subscription receivables are recognized as deduction of equity in accordance with SAB Topic 4:E. The subscription receivables were settled as of the date of the issuance of these unaudited consolidated financial statements. 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 $0.1 million to support an average 286 days of sales during the six months ended December 31, 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 three and six months ended December 31, 2024, approximately $9,000 and $30,000 of product revenues are related to non-spending related activities with the same amount recorded as selling expenses, respectively. For the three and six months ended December 31, 2023, approximately $0.1 million and $0.3 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 unaudited condensed 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

Accounts Receivable, Net

Accounts Receivable, Net	6 Months Ended
	Dec. 31, 2024
Accounts Receivable, Net [Abstract]
Accounts receivable, net	Note 3 – Accounts receivable, net As of 2024 As of June 30, 2024 (Unaudited) (Audited) Accounts receivable $ 262,289 $ 1,100 Provision for estimated credit losses (4,819 ) (1,100 ) Total accounts receivable, net $ 257,470 $ - Movements of provision for accounts receivable’s estimated credit losses are as follows: As of 2024 As of 2024 Beginning balance $ 1,100 $ 214 Addition 3,648 182,544 Disposal of subsidiaries - (180,792 ) Exchange rate effect 71 (866 ) Ending balance $ 4,819 $ 1,100

Inventories, Net

Inventories, Net	6 Months Ended
	Dec. 31, 2024
Inventories, Net [Abstract]
Inventories, net	Note 4 – Inventories, net Inventories consist of the following: As of 2024 As of 2024 (Unaudited) (Audited) Gift card (or E-voucher) $ 13,855 $ 27,467 Nutrition products - - Total $ 13,855 $ 27,467

Other Receivables and Other Cur

Other Receivables and Other Current Assets	6 Months Ended
	Dec. 31, 2024
Other Receivables and Other Current Assets [Abstract]
Other receivables and other current assets	Note 5 – Other receivables and other current assets As of 2024 As of 2024 (Unaudited) (Audited) Collaboration deposits (i) $ 2,190,715 $ - Deposits (ii) 121,693 120,880 Prepaid tax 23,735 20,752 Prepaid expense (iii) 7,013 45,201 Prepaid technical support fee (v) 600,000 - Software development deposit (iv) 611,232 84,823 Other receivable (vi) 130,570 127,226 Total other receivables and other current assets 3,684,958 398,882 Provision for estimated credit loss (307,061 ) (212,053 ) Total other receivables and other current assets $ 3,377,897 $ 186,829 Current $ 794,013 $ 186,829 Non-current $ 2,583,884 $ - (i) On September 20, 2024, the Company entered into a partnership agreement (the “Partnership Agreement”) with Credilab Sdn. Bhd. (“CLSB”) for five years. Pursuant to the Partnership 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, while the Company will periodically provide collaboration deposit fund to CLSB, which CLSB will be utilized to support CLSB’s credit service activities for the portfolio clients introduced by the Company’s ZCity App (“Portfolio Clients”). In return, the Company will share half of the revenue and processing fee from CLSB’s profit derived from Portfolio Client. As of December 31, 2024 the Company has disbursed $2,190,715 collaboration deposits to CLSB. As of December 31, 2024, $86,831 estimated credit loss was recorded against collaboration deposit. (ii) 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 December 31, 2024 and June 30, 2024, $111,869 and $106,028 estimated credit loss was recorded against doubtful receivables. (iii) 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 December 31, 2024, the balance of prepaid expenses pertaining to the D&O Insurance amounted to $5,774. (iv) 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 December 31, 2024, $121,945 of the service deposit were refunded by Nexgen. The remaining deposit of $87,823 is expected to recover by end of June 2025. As of September 30, 2024, and June 30, 2024, $44,748 and $42,412 estimated credit loss was recorded against the software development deposits. On July 18, 2024, the Company entered into an agreement with two vendors for the provision of subcontractor services related to developing smart campus management system at the Enforcement Leadership & Management University, Malaysia. Under the terms of these agreements, both vendors were engaged to provide services including infrastructure cabling, wiring, and network design consultancy for a total amount of $727,626 and $242,542 respectively. As of December 31, 2024, the Company had remitted a service deposit of $303,171 & $218,565 to both vendors, respectively. (v) The balance of prepaid technical support fee consists as following: On October 10, 2024, the Company entered into a service partnership agreement (the “Partnership Agreement”) with Octagram Investment Limited (“OCTA”), a Malaysian company, to establish a strategic partnership pursuant to the terms and conditions set forth in this Partnership Agreement. Pursuant to the Partnership Agreement, OCTA shall design, develop and deliver mini-game modules to be integrated into the ZCity App, an E-Commerce platform owned by the Company. In addition, OCTA shall customize the mini-game modules based on the Company’s detailed specification. The company agreed to pay a total consideration of (USD 2,800,000.00) (“Service Fees”) to OCTA and/or its nominees by using the Company shares. The Service Fee includes an upfront payment for the development costs of the mini-game modules, as well as the payment of a flat fee of $10,000.00 per month, starting from the delivery of the first mini-game module, for the ongoing technical support for a period of five years. As of December 31, 2024, the first mini-game module has not yet been delivered to the Company. Consequently, a total of $600,000 in prepaid technical support fees paid to OCTA through the issuance of the Company’s common stock has been recorded as a prepaid expense, of which $500,000 is classified as non-current. (vi) 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 December 31, 2024 the Company has collected $21,274 from the Purchaser, and the remaining is expected to be fully repaid by January 2025. As of September 30, 2024 and June 30, 2024, $63,613 estimated credit loss was recorded against other receivable. Movements of provision for other receivables’ estimated credit loss are as follows: As of As of (Unaudited) (Audited) Beginning balance $ 212,053 $ - Addition 86,831 212,758 Exchange rate effect 8,177 (705 ) Ending balance $ 307,061 $ 212,053

Prepayments

Prepayments	6 Months Ended
	Dec. 31, 2024
Prepayments [Abstract]
Prepayments	Note 6 – Prepayments As of As of (Unaudited) (Audited) Deposits to suppliers $ 294,615 $ 358,526

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Dec. 31, 2024
Property and Equipment, Net [Abstract]
Property and equipment, net	Note 7 – Property and equipment, net Property and equipment, net consist of the following: As of As of (Unaudited) (Audited) Computer and office equipment $ 166,016 $ 154,772 Furniture and fixtures 76,787 72,778 Motor vehicle 86,823 82,290 Leasehold improvement 138,605 131,369 Subtotal 468,231 441,209 Less: accumulated depreciation (330,939 ) (267,531 ) Total $ 137,292 $ 173,678 Depreciation expense for the three and six months ended December 31, 2024 were amounted to $27,887 and $49,168, respectively. Depreciation expense for the three and six months ended December 31, 2023 were amounted to $26,999 and $64,171, respectively.

Intangible Assets, Net

Intangible Assets, Net	6 Months Ended
	Dec. 31, 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 2024 (Unaudited) (Audited) Internal use software development $ 15,334,194 $ 3,743,716 Less: accumulated amortization (1,094,900 ) (612,780 ) Total intangible assets, net $ 14,239,294 $ 3,130,936 Amortization expense for the three and six months ended of December 31, 2024 was amounted to $178,021 and $480,823, respectively. Amortization expense for three and six months ended of December 31, 2023 was amounted to $131,834. The following table sets forth the Company’s amortization expense for the next five years ending: Amortization expenses Twelve months ending December 31, 2025 $ 2,954,239 Twelve months ending December 31, 2026 2,954,239 Twelve months ending December 31, 2027 2,954,239 Twelve months ending December 31, 2028 2,944,783 Twelve months ending December 31, 2029 2,431,794 Total $ 14,239,294

Investment in Marketable Securi

Investment in Marketable Securities	6 Months Ended
	Dec. 31, 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 (Unaudited) (Audited) Beginning balance $ 171,633 $ - Addition - 1,000,000 Fair value gain (loss) recognized for the year 332,665 (828,367 ) Closing balance $ 504,298 $ 171,633 For the three and six months ended December 31, 2024, unrealized gain on marketable equity securities were $460,172 and $332,665, respectively. For the three and six months ended December 31, 2023, unrealized loss on marketable equity securities were $412,607 and $352,435, respectively.

Loans and Notes

Loans and Notes	6 Months Ended
	Dec. 31, 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. The Insurance loan 1 has been paid in full during the year ended June 30, 2024. 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 December 31, 2024, the remaining balance of Insurance loan 2 had been paid in full. 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 three and six months ended December 31, 2024, interest expenses pertained to the insurance loan amounted to $307 and $1,065 respectively. For the three and six months ended December 31, 2023, interest expenses pertained to the insurance loan amounted to $795 and $2,770, 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 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. During the year ended 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 three and six months ended December 31, 2023, amortization of debt discount were amounted to $119,402 and $358,284, respectively pertained to convertible notes from YA II PN. As of December 31, 2024 and June 30, 2024, 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 of Unamortized Convertible Third Related 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 - - - - - Repayments - - - - - Conversion - - - - - December 31, 2024 balance (unaudited) $ - $ - $ - $ - $ - For three and six months ended December 31, 2024, interest expenses related to the aforementioned convertible notes amounted to $0. For three and six months ended December 31, 2023, interest expenses related to the aforementioned convertible notes amounted to $21,450 and $66,672, respectively.

Other Payables and Accrued Liab

Other Payables and Accrued Liabilities	6 Months Ended
	Dec. 31, 2024
Other Payables and Accrued Liabilities [Abstract]
Other payables and accrued liabilities	Note 11 – Other payables and accrued liabilities As of As of (Unaudited) (Audited) Accrued professional fees (i) $ 194,258 $ 202,000 Accrued payroll 29,110 69,147 Accrued interest (ii) 2,506 2,375 Payables to merchant from ZCITY platform (iii) 171,814 201,338 Others 50,118 33,797 Total other payables and accrued liabilities $ 447,806 $ 508,657 (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 interest The balance of accrued interest represented the balance of interest payable from convertible notes aforementioned in Note 10. (iii) 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	6 Months Ended
	Dec. 31, 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 (Unaudited) (Audited) Ezytronic Sdn Bhd Jau Long “Jerry” Ooi is the common shareholder Equipment rental deposit $ 12,921 $ 12,246 Other payables, related parties Name of Related Party Relationship Nature As of As of (Unaudited) (Audited) Ezytronic Sdn Bhd Jau Long “Jerry” Ooi is a common Operating expense paid on behalf - 761 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 December 31, 2024, such loan has an outstanding balance of $7,249 to be due within the next 12 months. The interest expense was $307 and $630 for the three and six months ended December 31, 2024, respectively. The interest expense was $437 and $685 for the three and six months ended December 31, 2023, respectively. Related party transactions Purchase from related parties For the Three Months Ended For the Six Months Ended December 31, December 31, Name of Related Party Relationship Nature 2024 2023 2024 2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Ezytronic Sdn Bhd Jau Long “Jerry” Ooi Purchase of products $ - $ 12,589 $ - $ 25,413 Equipment purchased from a related party For the Three Months Ended For the Six Months Ended December 31, December 31, Name of Related Party Relationship Nature 2024 2023 2024 2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Ezytronic Sdn Bhd Jau Long “Jerry” Ooi Purchase of equipment $ - $ 7,159 $ - $ 12,146 Operating expenses from related parties For the Three Months Ended For the Six Months Ended December 31, December 31, Name of Related Party Relationship Nature 2024 2023 2024 2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) True Sight Sdn Bhd Su Huay “Sue” Chuah, the Company’s Chief Marketing Officer is a 40% shareholder of this entity Consulting fees $ - $ 9,512 $ - $ 33,739 Imej Jiwa Communications Sdn Bhd Voon Him “Victor” Hoo, the Company’s Chairman and Managing Director is the director of this entity Consulting fees - - - - World Cloud Ventures Sdn Bhd Jau Long “Jerry” Ooi is the common shareholder Operating expense - - - - Ezytronic Sdn Bhd Jau Long “Jerry” Ooi Operating expense 1,485 16,244 7,370 16,244 Total $ 1,485 $ 25,756 $ 7,370 $ 49,983

Stockholders' Deficiency

Stockholders' Deficiency	6 Months Ended
	Dec. 31, 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 unaudited condensed 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. Common stock issued upon conversion of convertible note payable, net of unamortized discounts 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 $1,782,710 of convertible note payable, net of unamortized discounts (Note 10) and accrued interest of $28,360. (Note 10). Common stock issued for consulting services -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. 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. As of September 30, 2024, the Company received an aggregated net proceed of approximately $2.9 million, net of broker fee from issuance of 1,678,307 shares of common stock which sell through or to the Manager. For the three months ended September 30, 2024, the Company received an aggregated net proceed of $2,457,390, net of broker fee from issuance of 1,583,418 shares of common stock which sell through or to the Manager. In consideration for Alumni Capital’s execution and performance under the Purchase Agreement, the Company issued to Alumni Capital a purchase warrant dated October 10, 2024 for a term of three (3) years (the “Purchase Warrant”), to purchase up to a number of common stock equal to ten percent (10%) of the Commitment Amount divided by the exercise price of the Purchase Warrant. The exercise price per share of the Purchase Warrant will be calculated by dividing the $5,000,000 valuation by the total number of outstanding shares of common stock as of the Exercise Date. Common stock issued from Share Purchase Agreement On October 10, 2024, the Company entered into a Share Purchase Agreement (the “Purchase Agreement”) with Alumni Capital LP (“Alumni Capital”), a Delaware limited partnership. Pursuant to the Purchase Agreement, the Company has the right, but not the obligation to cause Alumni Capital to purchase up to $6,000,000 the Company’s common stock, par value $0.00001 (the “Commitment Amount”), at the Purchase Price (defined below) during the period beginning on the execution date of the Purchase Agreement and ending on the earlier of (i) the date on which Alumni Capital has purchased $6,000,000 of the Company’s common stock pursuant to the Purchase Agreement or (ii) December 31, 2025. In consideration for Alumni Capital’s execution and performance under the Purchase Agreement, the Company issued to Alumni Capital a purchase warrant dated October 10, 2024 for a term of three (3) years (the “Purchase Warrant”), to purchase up to a number of common stock equal to ten percent (10%) of the Commitment Amount divided by the exercise price of the Purchase Warrant. The exercise price per share of the Purchase Warrant will be calculated by dividing the $5,000,000 valuation by the total number of outstanding shares of common stock as of the Exercise Date. As of December 31, 2024, Alumni Capital had purchased approximately $2.0 million worth of the Company’s common stock, totaling 8,558,993 shares. Of this amount, the Company had received approximately $1.5 million in aggregate proceeds, with the remaining approximately $0.5 million recorded as a subscription receivable, presented as a contra-equity account. Common stock issued from Subscription Agreement On November 27, 2024, the Company entered into a subscription agreement (the “Subscription Agreement”) with certain investors (the “Investors”). Pursuant to the Subscription Agreement, the Investors agreed to invest an aggregate amount of $1,177,000 (the “Investment Amount”) in exchange for 3,566,668 shares of the Company’s common stock (the “Offered Shares”), with a par value of $0.00001 per share, at a negotiated purchase price of $0.33 per share (the “Offering”). As of December 31, 2024, the Company had issued all 3,566,668 shares to the Investors for total consideration of $1,177,000. However, as of that date, the Company had not received any proceeds, and the balance was recorded as a subscription receivable, presented as a contra-equity account. 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 $7.0 ($0.10 pre reverse split) 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. On March 12, 2024, the Company has issued 198,420 shares of the Company’s common stock 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”), in which the Seller 2 agreed to sell to the Company a certain software application in exchange for $495,500 worth of common stock, par value $0.00001 per share, of the Company, or 126,081 shares valued at $3.93 per share. On April 8, 2024, the Company has issued 126,081 shares of the Company’s common stock 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. On May 6, 2024, the Company has issued 125,954 shares of the Company’s common stock to the Seller 3. - Credilab Sdn. Bhd. Bhd On September 20, 2024, the Company entered into a Partnership Agreement with CLSB. Under the terms of the Agreement, the Company and CLSB will establish a strategic partnership to leverage their respective core competencies, resources, and market expertise to drive mutual benefits and growth. As part of the Partnership Agreement, the Company agreed to pay $2,000,000 to CLSB and/or its nominees to develop and implement an AI-driven chatbot for the ZCity App platform, aimed at enhancing user engagement and providing real-time assistance. Additionally, the partnership includes the development of a digital wallet integrated within the ZCity App to offer users a seamless payment solution for platform transactions and access to CLSB’s financial products and services. The Company has sole discretion to choose whether to make the payment in cash and/or the equivalent value in the Company’s common stock. On September 20, 2024, the Company issued 2,000,000 shares of its common stock equivalent to $1,380,000 to CLSB for software development. Upon completion of the software development, the Company will make the remaining payment of $620,000 in cash and/ or the equivalent value in the Company’s common stock. - Octagram Investment Limited On October 10, 2024, the Company entered into a service partnership agreement (the “Partnership Agreement”) with Octagram Investment Limited (“OCTA”), a Malaysian company, to establish a strategic partnership pursuant to the terms and conditions set forth in this Partnership Agreement. Pursuant to the Partnership Agreement, OCTA shall design, develop and deliver mini-game modules to be integrated into the ZCity App, an E-Commerce platform owned by the Company. In addition, OCTA shall customize the mini-game modules based on the Company’s detailed specification. The company agreed to pay a total consideration of (USD 2,800,000.00) (“Service Fees”) to OCTA and/or its nominees by using the Company shares. On October 10, 2024, the Company had issued 3,500,000 share of its common stock to OCTA at $0.8 per share. - V Gallant Sdn Bhd On October 29, 2024, the Company entered into a certain service agreement (the “Agreement”) with V GALLANT SDN BHD (“V Gallant”), a private company incorporated in Malaysia. Pursuant to the Agreement, the Company engaged V Gallant for its generative AI solutions and AI digital human technology services (the “Services”) in accordance with the terms and conditions therein. The Company agreed to pay V Gallant a total consideration of USD 16,000,000 to V Gallant and/or its nominees for the Services and all associated hardware and software under the Agreement. The Services under this Agreement shall commence on October 29, 2024, and shall be valid until December 31, 2025, unless the Agreement is mutually terminated or extended in writing or terminated by either the Company or V Gallant due to any breach or default of this Agreement, as the case may be. On October 29, 2024, the Company had issued 11,940,299 shares of its common stock to V Gallant at $0.67 per share. Common stock issued to related parties for debts cancellation On October 30, 2023, the Company issued a total of 25,954 (1,816,735 pre reverse split) 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 September 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. - Issuance of Alumni Capital warrants In consideration for Alumni Capital’s execution and performance under the Purchase Agreement, the Company issued to Alumni Capital a purchase warrant dated October 10, 2024 for a term of three (3) years (the “Purchase Warrant”), to purchase up to a number of common stock equal to ten percent (10%) of the Commitment Amount divided by the exercise price of the Purchase Warrant. The exercise price per share of the Purchase Warrant will be calculated by dividing the $5,000,000 valuation by the total number of outstanding shares of common stock as of the Exercise Date. As of December 31, 2024, Alumni Capital had purchased approximately $2.0 million worth of the Company’s common stock, totaling 8,558,993 shares. Of this amount, the Company had grant Alumni Capital with a purchase warrant to purchase up to approximately $0.2 million or 1,343,387 share of the Company’s common stock assume exercise price is $0.15 at December 31, 2024 based on above criterion. Warrants outstanding as of December 31, 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 Granted 1,343,387 $ 0.15 3 Exercised - - - Outstanding at December 31, 2024 (unaudited) 1,443,387 $ 0.49 2.8 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 three and six months ended December 31, 2024, the Company recognized $70,000 and $140,000 in stock-based compensation expense attributable to the Employment Agreement, respectively. For the three and six months ended December 31, 2023, the Company recognized $0

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2024
Income Taxes [Abstract]
Income taxes	Note 14 – Income taxes The United States and foreign components of (loss) income before income taxes were comprised of the following: For the three For the six December 31, December 31, 2024 2023 2024 2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Tax jurisdictions from: - Local – United States $ (229,775 ) $ (1,617,608 ) $ (1,006,200 ) $ (2,457,461 ) - Foreign – Malaysia 6,883 424,100 (156,008 ) (852,834 ) Loss before income tax $ (222,892 ) $ (1,193,508 ) $ (1,162,208 ) $ (3,310,295 ) 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 December 31, 2024, the operations in the United States of America incurred $9,679,252 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, 2023. The deferred tax valuation allowance as of December 31, 2024 and June 30, 2024 were $2,032,643 and $1,751,481, 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 three and six months ended December 31, 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 December 31, 2024, the operations in the Malaysia incurred $22,190,004 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 December 31, 2024, and June 30, 2024 were $5,325,601 and $5,288,159, respectively. The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of: As of 2024 As of (Unaudited) (Audited) Deferred tax assets: Net operating loss carry forwards in U.S. $ 2,032,643 $ 1,751,481 Net operating loss carry forwards in Malaysia 5,325,601 5,288,159 Allowance for credit losses 74,851 51,157 Unrealized holding loss on marketable securities 156,403 173,957 Amortization of debt discount 104,097 156,403 Less: valuation allowance* (7,693,595 ) (7,421,158 ) Deferred tax assets $ - $ - * Change in valuation allowance was amounted to $272,437 and $660,905 for the six months ended December 31, 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 December 31, 2024 and June 30, 2024, the Company did not have any significant unrecognized uncertain tax positions. The Company did not incur interest and penalties tax for the six months ended December 31, 2024 and 2023.

Concentrations of Risks

Concentrations of Risks	6 Months Ended
	Dec. 31, 2024
Concentrations of Risks [Abstract]
Concentrations of risks	Note 15 – Concentrations of risks (a) Major customers For the three months ended December 31, 2024, one customer accounted for approximately 74.9% of the Company’s total revenues. For the three months ended December 31, 2023, no customer accounted for more than 10% of the Company’s total revenues. For the six months ended December 31, 2023, one customer accounted for approximately 44.4% of the Company’s total revenues. For the six months ended December 31, 2023, no customer accounted for more than 10% of the Company’s total revenues. As of December 31, 2024, one customers account for approximately 85.3% of the total balance of accounts receivable. 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. (b) Major vendors For the three months ended December 31, 2024, two vendors accounted for approximately 69.5 % and 25.5% of the Company’s total purchases. For the three months ended December 31, 2023, two vendors accounted for approximately 58.0% and 31.1% of the Company’s total purchases. For the six months ended December 31, 2024, two vendors accounted for approximately 53.1% and 43.1 of the Company’s total purchases. For the six months ended December 31, 2023, two vendors accounted for approximately 49.6% and 43.4% of the Company’s total purchases. As of December 31, 2024, three vendors accounted for approximately 46.7%, 20.9% and 15.1% of the total balance of accounts payable. As of June 30, 2024, two vendors accounted for approximately 85.1%, and 11.6% 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 December 31, 2024 and June 30, 2024, $258,578 and $198,952 were deposited with financial institutions or fund received from customer being held in third party platform’s fund account, and $2,264 and $85,308 of these balances are not covered by deposit insurance, respectively. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness. Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its accounts receivable is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an provision for estimated credit losses based upon factors surrounding the credit risk of specific customers, historical trends and other information. (d) Exchange rate risk The Company cannot guarantee that the current exchange rate will remain steady; therefore, there is a possibility that the Company could post the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of RM converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

Leases

Leases	6 Months Ended
	Dec. 31, 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. On December 31, 2024, the Company’s office lease was expired, and no extension was executed. The lease generally do not contain options to extend at the time of expiration. Lease expense for the three and six months ended December 31, 2024 were $9,362, and $18,579, respectively. Lease expense for the three and six months ended December 31, 2023 were $9,839, and $20,332, respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 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 unaudited condensed consolidated financial statements.

Subsequent Events

Subsequent Events	6 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	18 – SUBSEQUENT EVENTS The Company evaluated all events and transactions that occurred after December 31, 2024 up through February 14, 2025, the date the Company issued these unaudited condensed consolidated financial statements. On February 11, 2025, VWXYZ Venture Sdn Bhd (“VWXYZ”), our subsidiary, entered into a Share Purchase Agreement (“SPA”) with Amystic Commerce Sdn Bhd (“Amystic”), a private company incorporated in Malaysia. Pursuant to the SPA, VWXYZ will acquire 51% equity stake in Tien Ming Distribution Sdn Bhd, a private company incorporated in Malaysia principally involved in distribution of all kinds of consumer products, providing logistics and acting as traders. The total consideration to be paid by VWXYZ to Amystic is RM3,000,000

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended				6 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (232,332)	$ (950,707)	$ (1,199,514)	$ (2,131,712)	$ (1,183,039)	$ (3,331,226)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 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)	6 Months Ended
	Dec. 31, 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 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 $1.3 million for the six months ended December 31, 2024; (2) accumulated deficit of approximately $39.0 million as of December 31, 2024; and (3) net operating cash outflow of approximately $1.6 million for the six months ended December 31, 2024. 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. As of December 31, 2024, the Company received an aggregated net proceed of approximately $2.9 million, net of broker fee from issuance of 1,678,307 shares of common stock which sell through or to the Manager. On October 10, 2024, the Company entered into a Share Purchase Agreement (the “Purchase Agreement”) with Alumni Capital LP (“Alumni Capital”), a Delaware limited partnership. Pursuant to the Purchase Agreement, the Company has the right, but not the obligation to cause Alumni Capital to purchase up to $6,000,000 of the Company’s common stock, par value $0.00001 (the “Commitment Amount”), at certain purchase Price during the period beginning on the execution date of the Purchase Agreement and ending on the earlier of (i) the date on which Alumni Capital has purchased $6,000,000 of the Company’s common stock pursuant to the Purchase Agreement or (ii) December 31, 2025. As of December 31, 2024, Alumni Capital has purchased approximately $2.0 million worth of the Company’s common stock, totaling 8,558,993 shares. The Company has received approximately $1.5 million in net proceeds as of that date, with the remaining balance expected to be received by June, 2025. On November 27, 2024, the Company entered into a subscription agreement (the “Subscription Agreement”) with certain investors (the “Investors”). Pursuant to the Subscription Agreement, the Investors agreed to invest an aggregate amount of $1,177,000.00 (the “Investment Amount”) into the Company for 3,566,668 shares of the Company’s common stock (the “Offered Shares”), par value $0.00001 at a negotiated purchase price of $0.33 (the “Offering”). As of the date of the issuance of the Company’s unaudited condensed consolidated financial statements, the Company has issued 3,566,668 shares of Offered Shares to the Investors and received aggregate net proceed of $1,177,000. Despite receiving the net proceeds from the various 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 unaudited condensed consolidated financial statements of the Company has been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the SEC and pursuant to Regulation S-X. Certain information and footnote disclosures, which are normally included in annual financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to those rules and regulations. The unaudited condensed financial information should be read in conjunction with the audited financial statements and the notes thereto, included in the Form 10-K for the fiscal year ended June 30, 2024. In the opinion of management, all adjustments (including normal recurring adjustments) necessary to present a fair statement of the Company’s unaudited financial position as of December 31, 2024, its unaudited results of operations for the three and six months ended December 31, 2024 and 2023, and its unaudited cash flows for the six months ended December 31, 2024 and 2023, as applicable, have been made. The unaudited results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.
Principles of unaudited condensed consolidation	Principles of unaudited condensed consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and include the assets, liabilities, revenues and expenses of the subsidiaries. All inter-company accounts and transactions have been eliminated in consolidation. Subsidiary is 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 an unaudited condensed 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 December 31, 2024.
Use of estimates	Use of estimates The preparation of these unaudited condensed 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 unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in our unaudited condensed 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 unaudited condensed consolidated statements of operations and comprehensive loss. The reporting currency of the Company is United States Dollars (“US$”) and the accompanying unaudited condensed 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 unaudited condensed consolidated statements of changes in stockholders’ deficiency. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the unaudited condensed consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the unaudited condensed consolidated balance sheets. Translation of foreign currencies into US$1 have been made at the following exchange rates for the respective periods: As of December 31, June 30, Period-average MYR: US$1 exchange rate 4.47 4.72 For the six months ended 2024 2023 Period-average MYR: US$1 exchange rate 4.42 4.69
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. 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 unaudited condensed 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 December 31, 2024 and June 30, 2024, the Company recorded $4,819, and $1,100 of allowance for credit loss, respectively. For the six months ended December 31, 2024 and 2023, the Company record $3,648 and $53,250 additional allowance for credit loss against accounts receivable, respectively. For the three months ended December 31, 2024 and 2023, the Company record $4,595 and $5,465 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 three and six months ended December 31, 2024 and 2023, no write-downs for estimated obsolescence or unmarketable inventories were recorded.
Other receivables and other current assets, net	Other receivables and other current assets, net Other receivables and other current assets consist of refundable collaboration deposit related to the partnership agreement with Credilab Sdn. Bhd. In addition, other receivables and other current assets also include prepayment made by the Company to third parties for cyber security service, director & officer liability insurance (“D&O Insurance, 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 December 31, 2024 and June 30, 2024, the Company provided allowance for credit loss of $307,061 and $212,053, respectively.
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 December 31, 2024, and June 30, 2024, 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 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 unaudited condensed 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	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 December 31, 2024 and June 30, 2024, 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 unaudited condensed 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 unaudited condensed 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 unaudited condensed 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.
Subscription receivables	Subscription receivables
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 $0.1 million to support an average 286 days of sales during the six months ended December 31, 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 three and six months ended December 31, 2024, approximately $9,000 and $30,000 of product revenues are related to non-spending related activities with the same amount recorded as selling expenses, respectively. For the three and six months ended December 31, 2023, approximately $0.1 million and $0.3 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 unaudited condensed 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 unaudited condensed 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 unaudited condensed 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 three months ended For the six months ended December 31, December 31, 2024 2023 2024 2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Gift card or “E-voucher” revenue (1) $ 13,510 $ 6,031,180 $ 36,697 $ 18,869,906 Health care products, computer products, and food and beverage products revenue (1) 244,903 421,935 296,667 726,266 Loyalty program revenue (1) 9,846 35,704 16,640 107,817 Transaction revenue (1) 28,478 15,867 71,558 36,075 Member subscription revenue (2) 5,161 148,205 87,707 321,424 Sublicense revenue (2) - 60,914 - 116,212 Total revenues $ 301,898 $ 6,713,805 $ 509,269 $ 20,177,700 (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 $29,167 and $94,703 for the three and six months ended December 31, 2024 respectively. Advertising costs amounted to $393,306 and $916,814 for the three and six months ended December 31, 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 $33,136 and $80,345 for the three and six months ended December 31, 2024, respectively. Research and development expenses amounted to $138,236 and $220,628 for the three and six months ended December 31, 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 $14,442 and $62,121 for the three and six months ended December 31, 2024, respectively. Total expenses for the plans were $70,019 and $137,231 for the three and six months ended December 31, 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 unaudited condensed 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 to be 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 six months ended December 31, 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 accounts for stock-based compensation awards to officers in accordance with FASB ASC Topic 718, “Compensation – Stock Compensation”, which requires that stock-based payment transactions with employees be measured based on the grant-date fair value of the equity instrument issued and recognized as compensation expense over the requisite service period. The Company accounts for stock-based compensation awards to non-employees in accordance with FASB ASC Topic 718 amended by ASU 2018-07. Under FASB ASC Topic 718, stock compensation granted to non-employees has been determined as the fair value of the consideration received or the fair value of equity instrument issued, whichever is more reliably measured and is recognized as an expense as the goods or services are received.
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 six months ended December 31, 2024 and 2023, 1,428 (100,000 pre reverse split) and 118,571 (8,300,000 pre reverse split) contingent shares to be issued to the underwriters and convertible note holders 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 Company believes that its related party loan, insurance loan, and convertible notes approximates fair value based on current yields for debt instruments with similar terms. 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 December 31, 2024 and 30 June, 2024: December 31, Quoted Significant Significant $ $ $ $ Assets: Investment in marketable securities 504,298 504,298 - - 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 three and six months ended December 31, 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 unaudited condensed 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 unaudited condensed 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)	6 Months Ended
	Dec. 31, 2024
Nature of Business and Organization [Abstract]
Schedule of Unaudited Condensed Consolidated Financial Statements Reflect Activities of TGL	The accompanying unaudited condensed 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 VWXYZ Venture Sdn. Bhd. (“VWXYZ”) (2) ● ● ● A Malaysian company Incorporated in July 2024 Holding company 100% owned by TGL Foodlink Global Sdn. Bhd. (“Foodlink”) (1) ● ● ● 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”) (1) ● ● ● 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”) (1) ● ● ● A Malaysian company Incorporated in January 2023 Sub-licensing restaurant branding and selling and trading of foods and beverage products. 100% owned by Foodlink (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. The Company recognized a gain amounted to $203,333 for the year end June 30, 2024 from disposal of Foodlink and its subsidiaries. However, the disposal did not have material impact to the Company’s operations. (2) VWXYZ is a holding company incorporated in July 2024, under the laws of Malaysia. As of December 31, 2024, VWXYZ has no substantive operations.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Dec. 31, 2024
Summary of Significant Accounting Policies [Line Items]
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 December 31, June 30, Period-average MYR: US$1 exchange rate 4.47 4.72 For the six months ended 2024 2023 Period-average MYR: US$1 exchange rate 4.42 4.69
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 three months ended For the six months ended December 31, December 31, 2024 2023 2024 2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Gift card or “E-voucher” revenue (1) $ 13,510 $ 6,031,180 $ 36,697 $ 18,869,906 Health care products, computer products, and food and beverage products revenue (1) 244,903 421,935 296,667 726,266 Loyalty program revenue (1) 9,846 35,704 16,640 107,817 Transaction revenue (1) 28,478 15,867 71,558 36,075 Member subscription revenue (2) 5,161 148,205 87,707 321,424 Sublicense revenue (2) - 60,914 - 116,212 Total revenues $ 301,898 $ 6,713,805 $ 509,269 $ 20,177,700 (1) Revenue recognized at a point in time. (2) Revenue recognized over time.
Schedule of financial assets that were measured at 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 December 31, 2024 and 30 June, 2024: December 31, Quoted Significant Significant $ $ $ $ Assets: Investment in marketable securities 504,298 504,298 - - June 30, Quoted Significant Significant $ $ $ $ Assets: Investment in marketable securities 171,633 171,633 - -

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	6 Months Ended
	Dec. 31, 2024
Accounts Receivable, Net [Abstract]
Schedule of Accounts Receivable, Net	As of 2024 As of June 30, 2024 (Unaudited) (Audited) Accounts receivable $ 262,289 $ 1,100 Provision for estimated credit losses (4,819 ) (1,100 ) Total accounts receivable, net $ 257,470 $ -
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 2024 Beginning balance $ 1,100 $ 214 Addition 3,648 182,544 Disposal of subsidiaries - (180,792 ) Exchange rate effect 71 (866 ) Ending balance $ 4,819 $ 1,100

Inventories, Net (Tables)

Inventories, Net (Tables)	6 Months Ended
	Dec. 31, 2024
Inventories, Net [Abstract]
Schedule of Inventories	Inventories consist of the following: As of 2024 As of 2024 (Unaudited) (Audited) Gift card (or E-voucher) $ 13,855 $ 27,467 Nutrition products - - Total $ 13,855 $ 27,467

Other Receivables and Other C_2

Other Receivables and Other Current Assets (Tables)	6 Months Ended
	Dec. 31, 2024
Other Receivables and Other Current Assets [Abstract]
Schedule of Other Receivables and Other Current Assets	As of 2024 As of 2024 (Unaudited) (Audited) Collaboration deposits (i) $ 2,190,715 $ - Deposits (ii) 121,693 120,880 Prepaid tax 23,735 20,752 Prepaid expense (iii) 7,013 45,201 Prepaid technical support fee (v) 600,000 - Software development deposit (iv) 611,232 84,823 Other receivable (vi) 130,570 127,226 Total other receivables and other current assets 3,684,958 398,882 Provision for estimated credit loss (307,061 ) (212,053 ) Total other receivables and other current assets $ 3,377,897 $ 186,829 Current $ 794,013 $ 186,829 Non-current $ 2,583,884 $ - (i) On September 20, 2024, the Company entered into a partnership agreement (the “Partnership Agreement”) with Credilab Sdn. Bhd. (“CLSB”) for five years. Pursuant to the Partnership 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, while the Company will periodically provide collaboration deposit fund to CLSB, which CLSB will be utilized to support CLSB’s credit service activities for the portfolio clients introduced by the Company’s ZCity App (“Portfolio Clients”). In return, the Company will share half of the revenue and processing fee from CLSB’s profit derived from Portfolio Client. As of December 31, 2024 the Company has disbursed $2,190,715 collaboration deposits to CLSB. As of December 31, 2024, $86,831 estimated credit loss was recorded against collaboration deposit. (ii) 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 December 31, 2024 and June 30, 2024, $111,869 and $106,028 estimated credit loss was recorded against doubtful receivables. (iii) 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 December 31, 2024, the balance of prepaid expenses pertaining to the D&O Insurance amounted to $5,774. (iv) 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 December 31, 2024, $121,945 of the service deposit were refunded by Nexgen. The remaining deposit of $87,823 is expected to recover by end of June 2025. As of September 30, 2024, and June 30, 2024, $44,748 and $42,412 estimated credit loss was recorded against the software development deposits. On July 18, 2024, the Company entered into an agreement with two vendors for the provision of subcontractor services related to developing smart campus management system at the Enforcement Leadership & Management University, Malaysia. Under the terms of these agreements, both vendors were engaged to provide services including infrastructure cabling, wiring, and network design consultancy for a total amount of $727,626 and $242,542 respectively. As of December 31, 2024, the Company had remitted a service deposit of $303,171 & $218,565 to both vendors, respectively. (v) The balance of prepaid technical support fee consists as following: On October 10, 2024, the Company entered into a service partnership agreement (the “Partnership Agreement”) with Octagram Investment Limited (“OCTA”), a Malaysian company, to establish a strategic partnership pursuant to the terms and conditions set forth in this Partnership Agreement. Pursuant to the Partnership Agreement, OCTA shall design, develop and deliver mini-game modules to be integrated into the ZCity App, an E-Commerce platform owned by the Company. In addition, OCTA shall customize the mini-game modules based on the Company’s detailed specification. The company agreed to pay a total consideration of (USD 2,800,000.00) (“Service Fees”) to OCTA and/or its nominees by using the Company shares. The Service Fee includes an upfront payment for the development costs of the mini-game modules, as well as the payment of a flat fee of $10,000.00 per month, starting from the delivery of the first mini-game module, for the ongoing technical support for a period of five years. As of December 31, 2024, the first mini-game module has not yet been delivered to the Company. Consequently, a total of $600,000 in prepaid technical support fees paid to OCTA through the issuance of the Company’s common stock has been recorded as a prepaid expense, of which $500,000 is classified as non-current. (vi) 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 December 31, 2024 the Company has collected $21,274 from the Purchaser, and the remaining is expected to be fully repaid by January 2025. As of September 30, 2024 and June 30, 2024, $63,613 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 (Unaudited) (Audited) Beginning balance $ 212,053 $ - Addition 86,831 212,758 Exchange rate effect 8,177 (705 ) Ending balance $ 307,061 $ 212,053

Prepayments (Tables)

Prepayments (Tables)	6 Months Ended
	Dec. 31, 2024
Prepayments [Abstract]
Schedule of Prepayments	As of As of (Unaudited) (Audited) Deposits to suppliers $ 294,615 $ 358,526

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Dec. 31, 2024
Property and Equipment, Net [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consist of the following: As of As of (Unaudited) (Audited) Computer and office equipment $ 166,016 $ 154,772 Furniture and fixtures 76,787 72,778 Motor vehicle 86,823 82,290 Leasehold improvement 138,605 131,369 Subtotal 468,231 441,209 Less: accumulated depreciation (330,939 ) (267,531 ) Total $ 137,292 $ 173,678

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	6 Months Ended
	Dec. 31, 2024
Intangible Assets, Net [Abstract]
Schedule of Intangible Assets, Net	Intangible assets, net consisted of the following: As of As of 2024 2024 (Unaudited) (Audited) Internal use software development $ 15,334,194 $ 3,743,716 Less: accumulated amortization (1,094,900 ) (612,780 ) Total intangible assets, net $ 14,239,294 $ 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 December 31, 2025 $ 2,954,239 Twelve months ending December 31, 2026 2,954,239 Twelve months ending December 31, 2027 2,954,239 Twelve months ending December 31, 2028 2,944,783 Twelve months ending December 31, 2029 2,431,794 Total $ 14,239,294

Investment in Marketable Secu_2

Investment in Marketable Securities (Tables)	6 Months Ended
	Dec. 31, 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 (Unaudited) (Audited) Beginning balance $ 171,633 $ - Addition - 1,000,000 Fair value gain (loss) recognized for the year 332,665 (828,367 ) Closing balance $ 504,298 $ 171,633

Loans and Notes (Tables)

Loans and Notes (Tables)	6 Months Ended
	Dec. 31, 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 of Unamortized Convertible Third Related 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 - - - - - Repayments - - - - - Conversion - - - - - December 31, 2024 balance (unaudited) $ - $ - $ - $ - $ -

Other Payables and Accrued Li_2

Other Payables and Accrued Liabilities (Tables)	6 Months Ended
	Dec. 31, 2024
Other Payables and Accrued Liabilities [Abstract]
Schedule of Other Payables and Accrued Liabilities	As of As of (Unaudited) (Audited) Accrued professional fees (i) $ 194,258 $ 202,000 Accrued payroll 29,110 69,147 Accrued interest (ii) 2,506 2,375 Payables to merchant from ZCITY platform (iii) 171,814 201,338 Others 50,118 33,797 Total other payables and accrued liabilities $ 447,806 $ 508,657 (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 interest The balance of accrued interest represented the balance of interest payable from convertible notes aforementioned in Note 10. (iii) 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)	6 Months Ended
	Dec. 31, 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 (Unaudited) (Audited) Ezytronic Sdn Bhd Jau Long “Jerry” Ooi is the common shareholder Equipment rental deposit $ 12,921 $ 12,246 Other payables, related parties Name of Related Party Relationship Nature As of As of (Unaudited) (Audited) Ezytronic Sdn Bhd Jau Long “Jerry” Ooi is a common Operating expense paid on behalf - 761
Schedule of Related Party Transactions	Purchase from related parties For the Three Months Ended For the Six Months Ended December 31, December 31, Name of Related Party Relationship Nature 2024 2023 2024 2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Ezytronic Sdn Bhd Jau Long “Jerry” Ooi Purchase of products $ - $ 12,589 $ - $ 25,413 Equipment purchased from a related party For the Three Months Ended For the Six Months Ended December 31, December 31, Name of Related Party Relationship Nature 2024 2023 2024 2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Ezytronic Sdn Bhd Jau Long “Jerry” Ooi Purchase of equipment $ - $ 7,159 $ - $ 12,146 Operating expenses from related parties For the Three Months Ended For the Six Months Ended December 31, December 31, Name of Related Party Relationship Nature 2024 2023 2024 2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) True Sight Sdn Bhd Su Huay “Sue” Chuah, the Company’s Chief Marketing Officer is a 40% shareholder of this entity Consulting fees $ - $ 9,512 $ - $ 33,739 Imej Jiwa Communications Sdn Bhd Voon Him “Victor” Hoo, the Company’s Chairman and Managing Director is the director of this entity Consulting fees - - - - World Cloud Ventures Sdn Bhd Jau Long “Jerry” Ooi is the common shareholder Operating expense - - - - Ezytronic Sdn Bhd Jau Long “Jerry” Ooi Operating expense 1,485 16,244 7,370 16,244 Total $ 1,485 $ 25,756 $ 7,370 $ 49,983

Stockholders' Deficiency (Table

Stockholders' Deficiency (Tables)	6 Months Ended
	Dec. 31, 2024
Stockholders’ deficiency [Abstract]
Schedule of Warrants Outstanding	Warrants outstanding as of December 31, 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 Granted 1,343,387 $ 0.15 3 Exercised - - - Outstanding at December 31, 2024 (unaudited) 1,443,387 $ 0.49 2.8

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Dec. 31, 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) income before income taxes were comprised of the following: For the three For the six December 31, December 31, 2024 2023 2024 2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Tax jurisdictions from: - Local – United States $ (229,775 ) $ (1,617,608 ) $ (1,006,200 ) $ (2,457,461 ) - Foreign – Malaysia 6,883 424,100 (156,008 ) (852,834 ) Loss before income tax $ (222,892 ) $ (1,193,508 ) $ (1,162,208 ) $ (3,310,295 )
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 2024 As of (Unaudited) (Audited) Deferred tax assets: Net operating loss carry forwards in U.S. $ 2,032,643 $ 1,751,481 Net operating loss carry forwards in Malaysia 5,325,601 5,288,159 Allowance for credit losses 74,851 51,157 Unrealized holding loss on marketable securities 156,403 173,957 Amortization of debt discount 104,097 156,403 Less: valuation allowance* (7,693,595 ) (7,421,158 ) Deferred tax assets $ - $ - * Change in valuation allowance was amounted to $272,437 and $660,905 for the six months ended December 31, 2024 and 2023, respectively.

Nature of Business and Organi_3

Nature of Business and Organization (Details) - USD ($)					6 Months Ended	12 Months Ended
	Nov. 27, 2024	May 24, 2024	Nov. 30, 2023	Apr. 12, 2023	Dec. 31, 2024	Jun. 30, 2024
Nature of Business and Organization [Line Items]
Incorporated date					Mar. 20, 2020
Purchase of ordinary shares (in Shares)	3,566,668		371,628
Consideration amount				$ 3,000
Exchange value		$ 148,500			$ 1,177,000
Gain from disposal subsidiaries						$ 203,333
Foodlink Global Sdn Bhd (“Foodlink”) [Member]
Nature of Business and Organization [Line Items]
Equity interest				100%
Sale Agreement [Member]
Nature of Business and Organization [Line Items]
Purchase of ordinary shares (in Shares)				10,000

Nature of Business and Organi_4

Nature of Business and Organization - Schedule of Unaudited Condensed Consolidated Financial Statements Reflect Activities of TGL (Details)	6 Months Ended
	Dec. 31, 2024
ZCity Sdn Bhd (formerly known as Gem Reward Sdn. Bhd.) (“ZCITY”) [Member]
Schedule of Unaudited Condensed Consolidated Financial Statements Reflect Activities of TGL [Line Items]
Background	A Malaysian company Incorporated in June 2017 Operated O2O e-commerce platform known as ZCITY
Ownership	100%
VWXYZ Venture Sdn. Bhd. (“VWXYZ”) [Member]
Schedule of Unaudited Condensed Consolidated Financial Statements Reflect Activities of TGL [Line Items]
Background	A Malaysian company Incorporated in July 2024 Holding company	[1]
Ownership	100%	[1]
Foodlink Global Sdn. Bhd. (“Foodlink”) [Member]
Schedule of Unaudited Condensed Consolidated Financial Statements Reflect 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.	[2]
Ownership	100%	[2]
Morgan Global Sdn. Bhd. (“Morgan”) [Member]
Schedule of Unaudited Condensed Consolidated Financial Statements Reflect 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.	[2]
Ownership	100%	[2]
AY Food Ventures Sdn. Bhd. (“AY Food”) [Member]
Schedule of Unaudited Condensed Consolidated Financial Statements Reflect 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.	[2]
Ownership	100%	[2]
[1] VWXYZ is a holding company incorporated in July 2024, under the laws of Malaysia. As of December 31, 2024, VWXYZ has no substantive operations. 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 amounted to $203,333 for the year end June 30, 2024 from disposal of Foodlink and its subsidiaries. However, the disposal did not have material impact to the Company’s operations.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)					3 Months Ended			6 Months Ended			12 Months Ended
	Dec. 31, 2024 USD ($) $ / shares shares	Nov. 27, 2024 USD ($) $ / shares shares	Oct. 10, 2024 USD ($) $ / shares	Nov. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2024 USD ($) $ / shares	Sep. 30, 2024 USD ($) shares	Dec. 31, 2023 USD ($)	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2024 MYR (RM) shares	Dec. 31, 2023 USD ($) shares	Jun. 30, 2024 USD ($) $ / shares	Nov. 28, 2023 $ / shares	Oct. 31, 2021 $ / shares
Summary of Significant Accounting Policies [Line Items]
Recurring loss from operation								$ 1,300,000
Accumulated deficit	$ (39,213,113)				$ (39,213,113)			(39,213,113)			$ (38,030,074)
Net operating cash outflow								$ (1,582,518)		$ (3,089,366)
Offering shares (in Shares) | shares		3,566,668		371,628
Shares of pre reverse split (in Shares) | shares										8,300,000
Common stock, par value (in Dollars per share) | $ / shares	$ 0.00001				$ 0.00001			$ 0.00001			$ 0.00001
Pre-funded warrants (in Shares) | shares				14,000,000
Number of shares issued per unit (in Shares) | shares				1
Gross proceeds of ipo				$ 3,500,000
Aggregate net proceed		$ 1,177,000
Purchase of common stock	$ 2,000,000					$ 2,457,390
Common stock total (in Shares) | shares	8,558,993
Aggregate amount		$ 1,177,000
Translation of foreign currencies		1
Provided allowance for credit loss	$ 4,819				$ 4,819			$ 4,819			$ 1,100
Allowance for credit loss								90,479		$ 53,250
Accounts receivable recovered								307,061			212,053
Impairment of long-lived assets
Average inventory maintained on daily basis	$ 100,000				100,000			100,000
Product revenues					301,898		$ 6,713,805	509,269		20,177,700
Research and development expense					33,136		138,236	80,345		220,628
Total expenses plan					$ 14,442		70,019	$ 62,121		$ 137,231
Employee’s monthly salary percent								1.75%	1.75%
Contributions from employee's monthly salary (in Ringgits) | RM									RM 4,000
Anti-diluted effect shares (in Shares) | shares								1,428	1,428	118,571
Percentage of lease term								75%	75%
Percentage of underlying asset								25%	25%
Percentage of fair value underlying asset								90%	90%
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
Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Estimated economic live	1 year				1 year			1 year
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Shares of pre reverse split (in Shares) | shares								100,000	100,000
Estimated economic live	5 years				5 years			5 years
Accounts Receivable [Member]
Summary of Significant Accounting Policies [Line Items]
Allowance for credit loss					$ 4,595		5,465	$ 3,648		$ 53,250
Common Stock [Member]
Summary of Significant Accounting Policies [Line Items]
Offering shares (in Shares) | shares						1,583,418
Common stock, par value (in Dollars per share) | $ / shares		$ 0.00001											$ 0.00001
Public offering price per share (in Dollars per share) | $ / shares		$ 0.33
Aggregate net proceed	$ 1,500,000
Purchase of common stock						$ 16
Product revenues [Member]
Summary of Significant Accounting Policies [Line Items]
Product revenues					9,000		100,000	30,000		300,000
Advertising Costs [Member]
Summary of Significant Accounting Policies [Line Items]
Advertising costs					$ 29,167		$ 393,306	94,703		$ 916,814
H.C. Wainwright & Co., LLC, [Member]
Summary of Significant Accounting Policies [Line Items]
Aggregate net proceed								2,900,000
Marketing Offering Agreement [Member] | Common Stock [Member]
Summary of Significant Accounting Policies [Line Items]
Aggregate net proceed								$ 1,678,307
Purchase Agreement [Member]
Summary of Significant Accounting Policies [Line Items]
Common stock, par value (in Dollars per share) | $ / shares			$ 0.00001
Common Stock [Member]
Summary of Significant Accounting Policies [Line Items]
Public offering price per share (in Dollars per share) | $ / shares				$ 0.1
Common Stock [Member] | Purchase Agreement [Member]
Summary of Significant Accounting Policies [Line Items]
Purchase of common stock			$ 6,000,000
IPO [Member]
Summary of Significant Accounting Policies [Line Items]
Shares of pre reverse split (in Shares) | shares				26,014,000
Common stock, par value (in Dollars per share) | $ / shares				$ 0.1
Purchase of common stock			$ 6,000,000
Tax rate								50%	50%
IPO [Member] | Common Stock [Member]
Summary of Significant Accounting Policies [Line Items]
Common stock, par value (in Dollars per share) | $ / shares			$ 0.00001	0.00001
Pre-Funded Warrants [Member]
Summary of Significant Accounting Policies [Line Items]
Right to purchase (in Dollars per share) | $ / shares				$ 0.0999								$ 0.0999
Gross proceeds of ipo				$ 3,500,000
Pre-Funded Warrants [Member] | Rights [Member]
Summary of Significant Accounting Policies [Line Items]
Right to purchase (in Dollars per share) | $ / shares				$ 0.01
Pre-Funded Warrants [Member] | Common Stock [Member]
Summary of Significant Accounting Policies [Line Items]
Right to purchase (in Dollars per share) | $ / shares				$ 0.0999

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Schedule of Translation of Foreign Currencies (Details)	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Period-end MYR: US$1 exchange rate [Member]
Schedule of Translation of Foreign Currencies [Line Items]
Translation of foreign currencies	4.47	4.72
Period-average MYR: US$1 exchange rate [Member]
Schedule of Translation of Foreign Currencies [Line Items]
Translation of foreign currencies	4.42		4.69

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Estimated Useful Lives of the Assets (Details)	Dec. 31, 2024
Computer and office equipment [Member]
Schedule of Estimated Useful Lives of the Assets [ Line Items]
Expected useful lives	5 years
Motor vehicles [Member]
Schedule of Estimated Useful Lives of the Assets [ Line Items]
Expected useful lives	5 years
Leasehold improvement [Member]
Schedule of Estimated Useful Lives of the Assets [ Line Items]
Expected useful lives	3 years
Minimum [Member] | Furniture and fixtures [Member]
Schedule of Estimated Useful Lives of the Assets [ Line Items]
Expected useful lives	3 years
Maximum [Member] | Furniture and fixtures [Member]
Schedule of Estimated Useful Lives of the Assets [ Line Items]
Expected useful lives	5 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Disaggregated Information of Revenues by Products/Services (Details) - USD ($)		3 Months Ended		6 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Schedule of Disaggregated Information of Revenues by Products/Services [Line Items]
Total revenues		$ 301,898	$ 6,713,805	$ 509,269	$ 20,177,700
Gift card or “E-voucher” revenue [Member]
Schedule of Disaggregated Information of Revenues by Products/Services [Line Items]
Total revenues	[1]	13,510	6,031,180	36,697	18,869,906
Health care products, computer products, and food and beverage products revenue [Member]
Schedule of Disaggregated Information of Revenues by Products/Services [Line Items]
Total revenues	[1]	244,903	421,935	296,667	726,266
Loyalty program revenue [Member]
Schedule of Disaggregated Information of Revenues by Products/Services [Line Items]
Total revenues	[1]	9,846	35,704	16,640	107,817
Transaction revenue [Member]
Schedule of Disaggregated Information of Revenues by Products/Services [Line Items]
Total revenues	[1]	28,478	15,867	71,558	36,075
Member subscription revenue [Member]
Schedule of Disaggregated Information of Revenues by Products/Services [Line Items]
Total revenues	[2]	5,161	148,205	87,707	321,424
Sublicense revenue [Member]
Schedule of Disaggregated Information of Revenues by Products/Services [Line Items]
Total revenues	[2]		$ 60,914		$ 116,212
[1] Revenue recognized at a point in time. Revenue recognized over time.

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of financial assets that were measured at fair value on a recurring basis (Details) - Fair Value, Recurring [Member] - USD ($)	Dec. 31, 2024	Jun. 30, 2024
Assets:
Investment in marketable securities	$ 504,298	$ 171,633
Fair Value, Inputs, Level 1 [Member]
Assets:
Investment in marketable securities	504,298	171,633
Fair Value, Inputs, Level 2 [Member]
Assets:
Investment in marketable securities
Fair Value, Inputs, Level 3 [Member]
Assets:
Investment in marketable securities

Accounts Receivable, Net - Sche

Accounts Receivable, Net - Schedule of Accounts Receivable, Net (Details) - USD ($)	Dec. 31, 2024	Jun. 30, 2024
Schedule of Accounts Receivable, Net [Abstract]
Accounts receivable	$ 262,289	$ 1,100
Provision for estimated credit losses	(4,819)	(1,100)
Total accounts receivable, net	$ 257,470

Accounts Receivable, Net - Sc_2

Accounts Receivable, Net - Schedule of Movements of Provision for Accounts Receivable’s Estimated Credit Losses (Details) - Accounts Receivable [Member] - USD ($)	6 Months Ended
	Dec. 31, 2024	Jun. 30, 2024
Schedule of Movements of Provision for Accounts Receivable’s Estimated Credit Losses [Line Items]
Beginning balance	$ 1,100	$ 214
Addition	3,648	182,544
Disposal of subsidiaries		(180,792)
Exchange rate effect	71	(866)
Ending balance	$ 4,819	$ 1,100

Inventories, Net - Schedule of

Inventories, Net - Schedule of Inventories (Details) - USD ($)	Dec. 31, 2024	Jun. 30, 2024
Schedule of Inventories [Line Items]
Total Inventories	$ 13,855	$ 27,467
Gift card (or E-voucher) [Member]
Schedule of Inventories [Line Items]
Total Inventories	13,855	27,467
Nutrition products [Member]
Schedule of Inventories [Line Items]
Total Inventories

Other Receivables and Other C_3

Other Receivables and Other Current Assets (Details) - USD ($)

1 Months Ended

6 Months Ended

12 Months Ended

Oct. 10, 2024

May 24, 2024

Apr. 12, 2023

Feb. 29, 2024

Jul. 31, 2022

Dec. 31, 2024

Jun. 30, 2024

Jun. 30, 2025

Sep. 30, 2024

Jul. 18, 2024

Sep. 30, 2023

Other Receivables and Other Current Assets, Net [Line Items]

collaboration deposits

[1]

$ 2,190,715

Estimated credit loss

307,061

212,053

Estimated credit loss

4,819

1,100

Consideration amount

$ 3,000

Expire date

Feb. 24, 2025

Service deposit

21,274

$ 209,768

Network design consultancy

$ 242,542

Remitted a service deposit

218,565

Service fee

$ 2,800,000

Payment for flat fee

$ 10,000

Prepaid technical support fees

[2]

600,000

Prepaid expenses

500,000

Enforcement Leadership And Management University [Member]

Other Receivables and Other Current Assets, Net [Line Items]

Network design consultancy

$ 727,626

Remitted a service deposit

303,171

D&O Insurance [Member]

Other Receivables and Other Current Assets, Net [Line Items]

Insurance premium amount

$ 74,078

5,774

Nexgen [Member]

Other Receivables and Other Current Assets, Net [Line Items]

Estimated credit loss

42,412

$ 44,748

Service deposit

121,945

Morgan [Member]

Other Receivables and Other Current Assets, Net [Line Items]

Estimated credit loss

63,613

$ 63,613

Consideration amount

$ 148,500

Service Agreement [Member]

Other Receivables and Other Current Assets, Net [Line Items]

Estimated credit loss

86,831

Estimated credit loss

$ 111,869

$ 106,028

Consideration amount

$ 477,251

Forecast [Member]

Other Receivables and Other Current Assets, Net [Line Items]

Service deposit

$ 87,823

[1] On September 20, 2024, the Company entered into a partnership agreement (the “Partnership Agreement”) with Credilab Sdn. Bhd. (“CLSB”) for five years. Pursuant to the Partnership 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, while the Company will periodically provide collaboration deposit fund to CLSB, which CLSB will be utilized to support CLSB’s credit service activities for the portfolio clients introduced by the Company’s ZCity App (“Portfolio Clients”). In return, the Company will share half of the revenue and processing fee from CLSB’s profit derived from Portfolio Client. As of December 31, 2024 the Company has disbursed $2,190,715 collaboration deposits to CLSB. As of December 31, 2024, $86,831 estimated credit loss was recorded against collaboration deposit. The balance of prepaid technical support fee consists as following: On October 10, 2024, the Company entered into a service partnership agreement (the “Partnership Agreement”) with Octagram Investment Limited (“OCTA”), a Malaysian company, to establish a strategic partnership pursuant to the terms and conditions set forth in this Partnership Agreement. Pursuant to the Partnership Agreement, OCTA shall design, develop and deliver mini-game modules to be integrated into the ZCity App, an E-Commerce platform owned by the Company. In addition, OCTA shall customize the mini-game modules based on the Company’s detailed specification. The company agreed to pay a total consideration of (USD 2,800,000.00) (“Service Fees”) to OCTA and/or its nominees by using the Company shares. The Service Fee includes an upfront payment for the development costs of the mini-game modules, as well as the payment of a flat fee of $10,000.00 per month, starting from the delivery of the first mini-game module, for the ongoing technical support for a period of five years. As of December 31, 2024, the first mini-game module has not yet been delivered to the Company. Consequently, a total of $600,000 in prepaid technical support fees paid to OCTA through the issuance of the Company’s common stock has been recorded as a prepaid expense, of which $500,000 is classified as non-current.

Other Receivables and Other C_4

Other Receivables and Other Current Assets - Schedule of Other Receivables and Other Current Assets (Details) - USD ($)		Dec. 31, 2024	Jun. 30, 2024
Schedule of Other Receivables and Other Current Assets, Net [Abstract]
Collaboration deposits	[1]	$ 2,190,715
Deposits	[2]	121,693	120,880
Prepaid tax		23,735	20,752
Prepaid expense	[3]	7,013	45,201
Prepaid technical support fee	[4]	600,000
Software development deposit	[5]	611,232	84,823
Other receivable	[6]	130,570	127,226
Total other receivables and other current assets		3,684,958	398,882
Provision for estimated credit loss		(307,061)	(212,053)
Total other receivables and other current assets		3,377,897	186,829
Current		794,013	186,829
Non-current		$ 2,583,884
[1] On September 20, 2024, the Company entered into a partnership agreement (the “Partnership Agreement”) with Credilab Sdn. Bhd. (“CLSB”) for five years. Pursuant to the Partnership 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, while the Company will periodically provide collaboration deposit fund to CLSB, which CLSB will be utilized to support CLSB’s credit service activities for the portfolio clients introduced by the Company’s ZCity App (“Portfolio Clients”). In return, the Company will share half of the revenue and processing fee from CLSB’s profit derived from Portfolio Client. As of December 31, 2024 the Company has disbursed $2,190,715 collaboration deposits to CLSB. As of December 31, 2024, $86,831 estimated credit loss was recorded against collaboration deposit. 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 December 31, 2024, the balance of prepaid expenses pertaining to the D&O Insurance amounted to $5,774. The balance of prepaid technical support fee consists as following: On October 10, 2024, the Company entered into a service partnership agreement (the “Partnership Agreement”) with Octagram Investment Limited (“OCTA”), a Malaysian company, to establish a strategic partnership pursuant to the terms and conditions set forth in this Partnership Agreement. Pursuant to the Partnership Agreement, OCTA shall design, develop and deliver mini-game modules to be integrated into the ZCity App, an E-Commerce platform owned by the Company. In addition, OCTA shall customize the mini-game modules based on the Company’s detailed specification. The company agreed to pay a total consideration of (USD 2,800,000.00) (“Service Fees”) to OCTA and/or its nominees by using the Company shares. The Service Fee includes an upfront payment for the development costs of the mini-game modules, as well as the payment of a flat fee of $10,000.00 per month, starting from the delivery of the first mini-game module, for the ongoing technical support for a period of five years. As of December 31, 2024, the first mini-game module has not yet been delivered to the Company. Consequently, a total of $600,000 in prepaid technical support fees paid to OCTA through the issuance of the Company’s common stock has been recorded as a prepaid expense, of which $500,000 is classified as non-current. 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 December 31, 2024 the Company has collected $21,274 from the Purchaser, and the remaining is expected to be fully repaid by January 2025. As of September 30, 2024 and June 30, 2024, $63,613 estimated credit loss was recorded against other receivable.

Other Receivables and Other C_5

Other Receivables and Other Current Assets - Schedule of Provision for Other Receivables (Details) - Other Receivables and Other Current Assets, Net [Member] - USD ($)	6 Months Ended
	Dec. 31, 2024	Jun. 30, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance	$ 212,053
Addition	86,831	212,758
Exchange rate effect	8,177	(705)
Ending balance	$ 307,061	$ 212,053

Prepayments - Schedule of Prepa

Prepayments - Schedule of Prepayments (Details) - USD ($)	Dec. 31, 2024	Jun. 30, 2024
Schedule of Prepayment [Abstract]
Deposits to suppliers	$ 294,615	$ 358,526

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Property and Equipment, Net [Abstract]
Depreciation expense	$ 27,887	$ 26,999	$ 49,168	$ 64,171

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment, Net (Details) - USD ($)	Dec. 31, 2024	Jun. 30, 2024
Schedule of Property and Equipment, Net [Line Items]
Property and equipment, gross	$ 468,231	$ 441,209
Less: accumulated depreciation	(330,939)	(267,531)
Total	137,292	173,678
Computer and office equipment [Member]
Schedule of Property and Equipment, Net [Line Items]
Property and equipment, gross	166,016	154,772
Furniture and fixtures [Member]
Schedule of Property and Equipment, Net [Line Items]
Property and equipment, gross	76,787	72,778
Motor vehicle [Member]
Schedule of Property and Equipment, Net [Line Items]
Property and equipment, gross	86,823	82,290
Leasehold improvement [Member]
Schedule of Property and Equipment, Net [Line Items]
Property and equipment, gross	$ 138,605	$ 131,369

Intangible Assets, Net (Details

Intangible Assets, Net (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Intangible Asset Net [Abstract]
Amortization expense	$ 178,021	$ 131,834	$ 480,823	$ 131,834

Intangible Assets, Net - Sched

Intangible Assets, Net - Schedule of Intangible Assets, Net (Details) - USD ($)	Dec. 31, 2024	Jun. 30, 2024
Schedule of Intangible Assets, Net [Abstract]
Internal use software development	$ 15,334,194	$ 3,743,716
Less: accumulated amortization	(1,094,900)	(612,780)
Total intangible assets, net	$ 14,239,294	$ 3,130,936

Intangible Assets, Net - Sch_2

Intangible Assets, Net - Schedule of Amortization Expense (Details)	Dec. 31, 2023 USD ($)
Schedule of Amortization Expense [Abstract]
Twelve months ending December 31, 2025	$ 2,954,239
Twelve months ending December 31, 2026	2,954,239
Twelve months ending December 31, 2027	2,954,239
Twelve months ending December 31, 2028	2,944,783
Twelve months ending December 31, 2029	2,431,794
Total	$ 14,239,294

Investment in Marketable Secu_3

Investment in Marketable Securities (Details) - USD ($)		3 Months Ended		6 Months Ended
	Jul. 19, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Investment in Marketable Securities [Line Items]
Payment of cash	$ 1,000,000
Allotment of ordinary shares with equivalent value	$ 1,000,000
Unrealized gain on marketable equity securities		$ 460,172	$ (412,607)	$ 332,665	$ (828,367)	$ (352,435)
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 gain on marketable equity securities			$ 412,607	$ 332,665		$ 352,435

Investment in Marketable Secu_4

Investment in Marketable Securities - Schedule of Investment in Marketable Securities (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Schedule of Investment in Marketable Securities [Abstract]
Beginning balance			$ 171,633
Addition				1,000,000
Fair value gain (loss) recognized for the year	$ 460,172	$ (412,607)	332,665	(828,367)	$ (352,435)
Closing balance	$ 504,298		$ 504,298	$ 171,633

Loans and Notes (Details)

Loans and Notes (Details) - USD ($)

1 Months Ended

3 Months Ended

6 Months Ended

Jun. 30, 2024

Feb. 29, 2024

Sep. 28, 2023

Feb. 28, 2023

Dec. 31, 2023

Oct. 31, 2023

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2024

Dec. 31, 2023

Nov. 27, 2024

Jun. 30, 2023

Jun. 14, 2023

Loans and Notes [Line Items]

Insurance loan amount

$ 307

$ 795

$ 1,065

$ 2,770

Convertible notes

1,782,710

1,782,710

Amortization of debt discount

119,402

358,284

Convertible notes payable

$ 0

0

0

Interest expenses

0

21,450

0

$ 66,672

Insurance Loan Two [Member]

Loans and Notes [Line Items]

Short term loan

$ 74,078

Instalments amount

$ 6,573

Interest rate

9.50%

Convertible Notes [Member]

Loans and Notes [Line Items]

Percentage of initial principal amount.

92%

Principal amount

440,000

440,000

Accrued interest

$ 28,360

Repaid principal balance

$ 3,367,290

$ 3,367,290

Purchase discount percentage

8%

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]

Unsecured convertible notes

$ 2,000,000

Conversion price (in Dollars per share)

$ 1.55

Per share price (in Dollars per share)

$ 1.56

Tranche 2 [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Unsecured convertible notes

$ 3,500,000

Conversion price (in Dollars per share)

$ 1.3

Per share price (in Dollars per share)

$ 1.38

Common Stock [Member]

Loans and Notes [Line Items]

Per share price (in Dollars per share)

$ 0.33

Common Stock [Member] | Convertible Notes [Member]

Loans and Notes [Line Items]

Pre reverse split (in Shares)

2,822,472

Converted into shares (in Shares)

40,322

YA II PN Ltd [Member]

Loans and Notes [Line Items]

Aggregate percentage traded on primary market

25%

Convertible notes

3,500,000

$ 3,500,000

Redemption premium

$ 284,790

Amortization of debt discount

$ 119,402

358,284

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

Loans and Notes [Line Items]

Principal amount

$ 1,100,000

$ 1,100,000

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

Loans and Notes [Line Items]

Conversion of shares (in Shares)

49,370

Pre reverse split (in Shares)

3,455,894

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

Loans and Notes [Line Items]

Short term loan

$ 264,563

Instalments amount

$ 27,177

Securities Purchase Agreement [Member]

Loans and Notes [Line Items]

Common stock conversion price (in Dollars per share)

$ 1.6204

Conversion price percentage

93%

Conversion price (in Dollars per share)

$ 0.25

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

Loans and Notes [Line Items]

Interest rate

4%

Debt instrument, term

12 months

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

Loans and Notes [Line Items]

Unsecured convertible notes

$ 5,500,000

Loans and Notes - Schedule of C

Loans and Notes - Schedule of Convertible Notes Payable, Net of Unamortized Discounts (Details) - Convertible Notes Payable [Member] - USD ($)	6 Months Ended	12 Months Ended
	Dec. 31, 2024	Jun. 30, 2024
Face value of convertible notes payable [Member]
Schedule of Convertible Notes Payable, Net of Unamortized Discounts [Line Items]
Beginning balance		$ 5,150,000
Ending balance
Amortization of debt discounts
Repayments		(3,367,290)
Conversion		(1,782,710)
Unamortized debt discounts [Member]
Schedule of Convertible Notes Payable, Net of Unamortized Discounts [Line Items]
Beginning balance		(358,284)
Ending balance
Amortization of debt discounts		358,284
Repayments
Conversion
Convertible notes payable, net of unamortized discounts [Member]
Schedule of Convertible Notes Payable, Net of Unamortized Discounts [Line Items]
Beginning balance		4,791,716
Ending balance
Amortization of debt discounts		358,284
Repayments		(3,367,290)
Conversion		(1,782,710)
Third parties [Member]
Schedule of Convertible Notes Payable, Net of Unamortized Discounts [Line Items]
Beginning balance		4,791,716
Ending balance
Amortization of debt discounts		358,284
Repayments		(3,367,290)
Conversion		(1,782,710)
Related parties [Member]
Schedule of Convertible Notes Payable, Net of Unamortized Discounts [Line Items]
Beginning balance
Ending balance
Amortization of debt discounts
Repayments
Conversion

Other Payables and Accrued Li_3

Other Payables and Accrued Liabilities - Schedule of Other Payables and Accrued Liabilities (Details) - USD ($)		Dec. 31, 2024	Jun. 30, 2024
Schedule of Other Payables and Accrued Liabilities [Abstract]
Accrued professional fees	[1]	$ 194,258	$ 202,000
Accrued payroll		29,110	69,147
Accrued interest	[2]	2,506	2,375
Payables to merchant from ZCITY platform	[3]	171,814	201,338
Others		50,118	33,797
Total other payables and accrued liabilities		$ 447,806	$ 508,657
[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 interest The balance of accrued interest represented the balance of interest payable from convertible notes aforementioned in Note 10.[3]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)			3 Months Ended		6 Months Ended
	Dec. 07, 2020 USD ($)	Dec. 07, 2020 MYR (RM)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Related Party Balances and Transactions [Line Items]
Number of equal monthly installment	60 months	60 months
Outstanding loan due					12 months
Interest expense			$ 307	$ 437	$ 630	$ 685
Chan Chong “Sam” Teo [Member]
Related Party Balances and Transactions [Line Items]
Repayment of loan	$ 27,000	RM 114,000
Outstanding balance					$ 7,249
Chan Chong “Sam” Teo [Member] | Auto Loan [Member]
Related Party Balances and Transactions [Line Items]
Percentage of interest	5.96%	5.96%

Related Party Balances and Tr_4

Related Party Balances and Transactions - Schedule of Related party Balances (Details) - Ezytronic Sdn Bhd [Member] - USD ($)	6 Months Ended
	Dec. 31, 2024	Jun. 30, 2024
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	$ 12,921	$ 12,246
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

Related Party Balances and Tr_5

Related Party Balances and Transactions - Schedule of Related Party Transactions (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Related Party [Member]
Schedule of Related Party Transactions [Line Items]
Operating expenses from related parties, Total	$ 1,485	$ 25,756	$ 7,370	$ 49,983
Ezytronic Sdn Bhd [Member]
Schedule of Related Party Transactions [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		12,589		25,413
Ezytronic Sdn Bhd [Member]
Schedule of Related Party Transactions [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		7,159		12,146
True Sight Sdn Bhd [Member]
Schedule of Related Party Transactions [Line Items]
Operating expenses from related parties, Relationship			Su Huay “Sue” Chuah, the Company’s Chief Marketing Officer is a 40% shareholder of this entity
Operating expenses from related parties, Nature			Consulting fees
Operating expenses from related parties, Total		9,512		33,739
Imej Jiwa Communications Sdn Bhd [Member]
Schedule of Related Party Transactions [Line Items]
Operating expenses from related parties, Relationship			Voon Him “Victor” Hoo, the Company’s Chairman and Managing Director is the director of this entity
Operating expenses from related parties, Nature			Consulting fees
Operating expenses from related parties, Total
World Cloud Ventures Sdn Bhd [Member]
Schedule of Related Party Transactions [Line Items]
Operating expenses from related parties, Relationship			Jau Long “Jerry” Ooi is the common shareholder
Operating expenses from related parties, Nature			Operating expense
Operating expenses from related parties, Total
Ezytronic Sdn Bhd [Member]
Schedule of Related Party Transactions [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	$ 1,485	$ 16,244	$ 7,370	$ 16,244

Stockholders' Deficiency (Detai

Stockholders' Deficiency (Details)																1 Months Ended	2 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
	Dec. 31, 2024 USD ($) $ / shares shares	Nov. 27, 2024 $ / shares shares	Oct. 29, 2024 USD ($) $ / shares shares	Oct. 10, 2024 USD ($) $ / shares	May 24, 2024 USD ($)	May 06, 2024 shares	Apr. 08, 2024 USD ($) $ / shares shares	Mar. 12, 2024 USD ($) $ / shares shares	Feb. 27, 2024	Feb. 22, 2024 $ / shares	Nov. 30, 2023 USD ($) $ / shares shares	Nov. 28, 2023 $ / shares shares	Oct. 30, 2023 USD ($) shares	Aug. 10, 2022 USD ($) $ / shares shares	Jul. 01, 2020 USD ($)	Feb. 28, 2024 USD ($)	Jan. 31, 2024 $ / shares	Dec. 31, 2024 USD ($) $ / shares shares	Sep. 30, 2024 USD ($) shares	Dec. 31, 2023 USD ($)	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($)	Jun. 30, 2024 USD ($) $ / shares shares	Oct. 24, 2024 USD ($) $ / shares shares	May 31, 2024 USD ($) $ / shares shares	May 27, 2024 USD ($) $ / shares shares	Dec. 19, 2023 USD ($) $ / shares shares	Oct. 12, 2023 USD ($) $ / shares shares	Aug. 15, 2022 $ / shares shares	Oct. 31, 2021 $ / shares shares
Stockholders’ Deficiency [Line Items]
Shares authorized | shares	170,000,000																	170,000,000			170,000,000		170,000,000
Common stock Par value (in Dollars per share) | $ / shares	$ 0.00001																	$ 0.00001			$ 0.00001		$ 0.00001
Reverse stock split										1-for-70
Conversion shares issued | shares																							68,061
Convertible note payable (in Dollars) | $																							$ 1,782,710
Stock issued | shares	32,862,655																	32,862,655			32,862,655		1,671,623
Net proceeds (in Dollars) | $											$ 3,500,000
Proceeds form net issuance from broker (in Dollars) | $																			$ 2,900,000
Sale of stock units | shares																			1,678,307		8,558,993
Total consideration (in Dollars) | $					$ 148,500																$ 1,177,000
Purchase warrant (in Dollars) | $				$ 5,000,000
Commitment amount (in Dollars) | $				6,000,000
Capital purchased (in Dollars) | $																		$ 1,528,021
Total number of outstanding shares of common stock (in Dollars) | $				5,000,000
Common stock amount (in Dollars) | $	$ 329																	329			329		$ 17
Aggregate proceeds from common stock (in Dollars) | $																					2,457,390
Subscription receivable (in Dollars) | $	1,692,921																	$ 1,692,921			$ 1,692,921
Issuance of common stock for subscription agreement (in Dollars) | $	$ 2,000,000																		$ 2,457,390
Issuance of common stock for subscription agreement | shares																					3,566,668
Negotiated purchase price (in Dollars per share) | $ / shares	$ 0.33																	$ 0.33			$ 0.33
Payment for partnership agreement (in Dollars) | $																		$ (10,800,000)	(1,380,000)
Service fees (in Dollars) | $																								$ 2,800,000
Total consideration amount (in Dollars) | $			$ 16,000,000
Capital contribution (in Dollars) | $																$ 16,348
Fair value of the warrants (in Dollars) | $															$ 856,170						$ 175,349
Common stock, shares issued | shares		3,566,668									371,628
Offering price (in Dollars) | $														$ 280
Offering price percentage														125%
Warrants issued | shares											14,000,000
Warrants of common stock (in Dollars) | $	$ 1,398,600																	1,398,600			1,398,600
Stock-based compensation expense (in Dollars) | $																		70,000			$ 140,000
Common stock had been issued to the executive officers in settlement of the vested stock compensation | shares																					41,654
Warrants [Member]
Stockholders’ Deficiency [Line Items]
Warrant issued | shares																													300,000
Public offering price (in Dollars per share) | $ / shares																							$ 0.15						$ 4
Sale of stock units | shares																							8,558,993
Purchase warrant (in Dollars) | $				$ 5,000,000
Common stock amount (in Dollars) | $																							$ 2,000,000
Exercisable duration																													5 years
Common stock, shares received | shares																													2,245
Warrants issued | shares																							1,343,387
Warrants of common stock (in Dollars) | $																							$ 200,000
Purchase warrant				10%
Representative Warrants [Member]
Stockholders’ Deficiency [Line Items]
Public offering price (in Dollars per share) | $ / shares														$ 5
Common stock, shares issued | shares														32,858
Shares sold percentage														5%
H.C. Wainwright & Co [Member]
Stockholders’ Deficiency [Line Items]
Total consideration (in Dollars) | $																			$ 2,457,390
Subscription Receivable [Member]
Stockholders’ Deficiency [Line Items]
Aggregate proceeds from common stock (in Dollars) | $																					$ 1,500,000
Subscription receivable (in Dollars) | $	$ 500,000																	500,000			$ 500,000
AI Lab Martech Sdn. Bhd [Member]
Stockholders’ Deficiency [Line Items]
Common stock Par value (in Dollars per share) | $ / shares																												$ 13.39
Stock issued | shares																												42,044
VT Smart Venture Sdn Bhd [Member]
Stockholders’ Deficiency [Line Items]
Pre reverse split | shares																											142,857
Pre reverse split, per share (in Dollars per share) | $ / shares																											$ 7
Myviko Holding Sdn. Bhd Bhd [Member]
Stockholders’ Deficiency [Line Items]
Sale of stock units | shares								198,420
Falcon Gateway Sdn Bhd [Member]
Stockholders’ Deficiency [Line Items]
Sale of stock units | shares						125,954
Common Stock [Member]
Stockholders’ Deficiency [Line Items]
Shares authorized | shares																														10,000,000
Common stock Par value (in Dollars per share) | $ / shares		$ 0.00001																												$ 0.00001
Preferred stock, par value (in Dollars per share) | $ / shares										$ 0.00001
Reverse stock split									1:70
Conversion shares issued | shares																							4,764,200
Sale of stock units | shares																			1,583,418
Capital purchased (in Dollars) | $																		86
Issuance of common stock for subscription agreement (in Dollars) | $																			$ 16
Pre reverse split, per share (in Dollars per share) | $ / shares		$ 0.33
Payment for partnership agreement (in Dollars) | $																		$ (154)	$ (20)
Common stock, shares issued | shares																			1,583,418
Common Stock [Member] | Warrants [Member]
Stockholders’ Deficiency [Line Items]
Common stock, shares received | shares																													157,143
Preferred Stock [Member]
Stockholders’ Deficiency [Line Items]
Preferred stock, shares authorized | shares																														20,000,000
Preferred stock, par value (in Dollars per share) | $ / shares																														$ 0.00001
Expected Volatility [Member]
Stockholders’ Deficiency [Line Items]
Fair value of warrants assumptions	54.8														49			54.8			54.8
Risk-Free Interest Rate [Member]
Stockholders’ Deficiency [Line Items]
Fair value of warrants assumptions	2.91														0.89			2.91			2.91
Expected Life [Member]
Stockholders’ Deficiency [Line Items]
Fair value of warrants assumptions	5														5			5			5
Exercise Price [Member]
Stockholders’ Deficiency [Line Items]
Fair value of warrants assumptions	5														4			5			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
Purchase Agreement [Member]
Stockholders’ Deficiency [Line Items]
Common stock Par value (in Dollars per share) | $ / shares				$ 0.00001
Purchase Agreement [Member] | Common Stock [Member]
Stockholders’ Deficiency [Line Items]
Capital purchased (in Dollars) | $																					$ 6,000,000
Subscription Agreement [Member]
Stockholders’ Deficiency [Line Items]
Common stock Par value (in Dollars per share) | $ / shares	$ 0.00001																	$ 0.00001			$ 0.00001
Issuance of common stock for subscription agreement (in Dollars) | $																					$ 1,177,000
Software Development Agreement [Member] | Myviko Holding Sdn. Bhd Bhd [Member]
Stockholders’ Deficiency [Line Items]
Common stock Par value (in Dollars per share) | $ / shares								$ 0.00001
Common stock amount (in Dollars) | $								$ 1,000,000
Partnership Agreement [Member]
Stockholders’ Deficiency [Line Items]
Common stock Par value (in Dollars per share) | $ / shares																								$ 0.8
Stock issued | shares																								3,500,000
Underwriter Agreement [Member]
Stockholders’ Deficiency [Line Items]
Pre reverse split | shares														100,000
Underwriter Agreement [Member] | Representative Warrants [Member]
Stockholders’ Deficiency [Line Items]
Common stock Par value (in Dollars per share) | $ / shares														$ 0.00001
Pre reverse split | shares														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 | shares												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 | shares														1,428
Underwriting Agreement Two [Member] | Pre-Funded Warrants [Member]
Stockholders’ Deficiency [Line Items]
Public offering price (in Dollars per share) | $ / shares												0.01
Chief Executive Officer [Member] | Restricted Stock [Member]
Stockholders’ Deficiency [Line Items]
Shares issued | shares													25,954
IPO [Member]
Stockholders’ Deficiency [Line Items]
Common stock Par value (in Dollars per share) | $ / shares											$ 0.1
Stock issued | shares											26,014,000
Price per share (in Dollars per share) | $ / shares											$ 0.01
Issuance of common stock for subscription agreement (in Dollars) | $				$ 6,000,000
IPO [Member] | Common Stock [Member]
Stockholders’ Deficiency [Line Items]
Stock issued | shares											371,629
Pre-Funded Warrants [Member]
Stockholders’ Deficiency [Line Items]
Warrant issued | shares	200,000										14,000,000							200,000			200,000
Public offering price (in Dollars per share) | $ / shares											$ 0.0999	$ 0.0999
Net proceeds (in Dollars) | $											$ 3,500,000
Offering expenses (in Dollars) | $											$ 500,000
Exercise price (in Dollars per share) | $ / shares																	$ 0.0001
Collectively exercised shares | shares	14,000,000																	14,000,000			14,000,000
Pre-Funded Warrants [Member] | Common Stock [Member]
Stockholders’ Deficiency [Line Items]
Warrant issued | shares	14,000,000																	14,000,000			14,000,000
Public offering price (in Dollars per share) | $ / shares											$ 0.0999
Pre-Funded Warrants [Member] | Underwriting Agreement Two [Member]
Stockholders’ Deficiency [Line Items]
Pre reverse split | shares												371,629
Warrants issued | shares												14,000,000
MYUP Solution Sdn Bhd [Member]
Stockholders’ Deficiency [Line Items]
Common stock Par value (in Dollars per share) | $ / shares							$ 0.00001
Price per share (in Dollars per share) | $ / shares							$ 3.93
Sale of stock units | shares							126,081
Common stock amount (in Dollars) | $							$ 495,500
MYUP Solution Sdn Bhd [Member] | Common Stock [Member]
Stockholders’ Deficiency [Line Items]
Stock issued | shares							126,081
Falcon Gateway Sdn Bhd [Member]
Stockholders’ Deficiency [Line Items]
Common stock Par value (in Dollars per share) | $ / shares																										$ 0.00001
Stock issued | shares																										125,954
Price per share (in Dollars per share) | $ / shares																										$ 3.93
Common stock amount (in Dollars) | $																										$ 495,000
Credilab Sdn Bhd [Member]
Stockholders’ Deficiency [Line Items]
Cash (in Dollars) | $	$ 620,000																	$ 620,000			$ 620,000
Sale of stock units | shares																					2,000,000
Payment for partnership agreement (in Dollars) | $																					$ 2,000,000
Stock equivalent (in Dollars) | $																					1,380,000
V Gallant Sdn Bhd [Member]
Stockholders’ Deficiency [Line Items]
Common stock Par value (in Dollars per share) | $ / shares			$ 0.67
Stock issued | shares			11,940,299
Software Development Agreement [Member] | VT Smart Venture Sdn Bhd [Member]
Stockholders’ Deficiency [Line Items]
Common stock Par value (in Dollars per share) | $ / shares																											$ 0.00001
Common stock amount (in Dollars) | $																											$ 1,000,000
Pre reverse split | shares																											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]
Common stock Par value (in Dollars per share) | $ / shares																												$ 0.1913
Stock issued | shares																												2,943,021
Common stock amount (in Dollars) | $																												$ 563,000
ZCITY [Member]
Stockholders’ Deficiency [Line Items]
Shares authorized | shares																														150,000,000
Common stock Par value (in Dollars per share) | $ / shares																														$ 0.00001
ZCITY [Member] | Common Stock [Member]
Stockholders’ Deficiency [Line Items]
Shares authorized | shares																														170,000,000
TraDigital Marketing Group [Member]
Stockholders’ Deficiency [Line Items]
Cash (in Dollars) | $																									$ 120,000
Stock issued | shares																									20,000
Price per share (in Dollars per share) | $ / shares																									$ 4.1
Related Party [Member] | Restricted Stock [Member]
Stockholders’ Deficiency [Line Items]
Exchange for cancellation amount (in Dollars) | $													$ 321,562
Related Party [Member] | Chief Executive Officer [Member] | Restricted Stock [Member]
Stockholders’ Deficiency [Line Items]
Pre reverse split | shares													1,816,735
Convertible Notes Payable [Member]
Stockholders’ Deficiency [Line Items]
Accrued interest (in Dollars) | $																							$ 28,360
Common Stock [Member]
Stockholders’ Deficiency [Line Items]
Common stock amount (in Dollars) | $	$ 2,000,000																	$ 2,000,000			$ 2,000,000
Pre reverse split, per share (in Dollars per share) | $ / shares											0.1
Common Stock [Member] | Purchase Agreement [Member]
Stockholders’ Deficiency [Line Items]
Issuance of common stock for subscription agreement (in Dollars) | $				$ 6,000,000
Common Stock [Member] | IPO [Member]
Stockholders’ Deficiency [Line Items]
Common stock Par value (in Dollars per share) | $ / shares				$ 0.00001							$ 0.00001

Stockholders' Deficiency - Sche

Stockholders' Deficiency - Schedule of Warrants Outstanding (Details) - Warrant [Member] - $ / shares			3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2024	Dec. 31, 2024	Jun. 30, 2024
Schedule of Warrants Outstanding [Line Items]
Shares, Outstanding Ending	100,000	100,000		1,443,387	100,000
Weighted Average Exercise Price, Ending	$ 5	$ 5		$ 0.49	$ 5
Weighted Average Remaining Contractual Term (Years), Ending	3 years 1 month 6 days	4 years 1 month 6 days		2 years 9 months 18 days
Shares, Granted			1,343,387		14,000,000
Weighted Average Exercise Price, Granted			$ 0.15		$ 0.0001
Weighted Average Remaining Contractual Term (Years), Granted			3 years
Shares, Exercised					(14,000,000)
Weighted Average Exercise Price, Exercised
Weighted Average Remaining Contractual Term (Years), Exercised

Income Taxes (Details)

Income Taxes (Details) - USD ($)	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Income Taxes [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Domestic (in Dollars)	$ 2,032,643		$ 1,751,481
Foreign tax credits	80%
Deferred tax valuation allowance (in Dollars)	$ 5,325,601		5,288,159
Change in valuation allowance (in Dollars)	272,437	$ 660,905
United States of America [Member]
Income Taxes [Line Items]
Net operating losses (in Dollars)	$ 9,679,252
Taxable income rate	80%
Deferred Tax Assets, Operating Loss Carryforwards, Domestic (in Dollars)	$ 2,032,643		1,751,481
Foreign corporations tax rate, percentage	35%
Effective tax rate, percentage	10.50%
Tax years, percentage	50%
Current enacted tax rate	21%
Malaysia [Member]
Income Taxes [Line Items]
Net operating losses (in Dollars)	$ 22,190,004
Taxable income rate	24%
Foreign tax credits	80%
Foreign tax rate	13.125%
Deferred tax valuation allowance (in Dollars)	$ 5,325,601		$ 5,288,159

Income Taxes - Schedule of Unit

Income Taxes - Schedule of United States and Foreign Components of Income (Loss) Before Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Schedule of United States and Foreign Components of Income (Loss) Before Income Taxes [Line Items]
Provision for income taxes	$ (222,892)	$ (1,193,508)	$ (1,162,208)	$ (3,310,295)
Local – United States [Member]
Schedule of United States and Foreign Components of Income (Loss) Before Income Taxes [Line Items]
Provision for income taxes	(229,775)	(1,617,608)	(1,006,200)	(2,457,461)
Foreign – Malaysia [Member]
Schedule of United States and Foreign Components of Income (Loss) Before Income Taxes [Line Items]
Provision for income taxes	$ 6,883	$ 424,100	$ (156,008)	$ (852,834)

Income Taxes - Schedule of Aggr

Income Taxes - Schedule of Aggregate Deferred Tax Assets (Details) - USD ($)		Dec. 31, 2024	Jun. 30, 2024
Deferred tax assets:
Net operating loss carry forwards in U.S.		$ 2,032,643	$ 1,751,481
Net operating loss carry forwards in Malaysia		5,325,601	5,288,159
Allowance for credit losses		74,851	51,157
Unrealized holding loss on marketable securities		156,403	173,957
Amortization of debt discount		104,097	156,403
Less: valuation allowance	[1]	(7,693,595)	(7,421,158)
Deferred tax assets
[1] Change in valuation allowance was amounted to $272,437 and $660,905 for the six months ended December 31, 2024 and 2023, respectively.

Concentrations of Risks (Detail

Concentrations of Risks (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Concentrations of Risks [Line Items]
Fund received from customer (in Dollars)	$ 258,578		$ 258,578		$ 198,952
Balance not covered by insurance (in Dollars)	$ 2,264		$ 2,264		$ 85,308
Customer Concentration Risk [Member] | Customer One [Member] | Revenue Benchmark [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage	74.90%
Customer Concentration Risk [Member] | Customer One [Member] | Accounts Receivable [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage			85.30%		65.30%
Customer Concentration Risk [Member] | Customer Two [Member] | Revenue Benchmark [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage				44.40%
Customer Concentration Risk [Member] | Customer Two [Member] | Accounts Receivable [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage					19.30%
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] | Purchase [Member] | Vendors One [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage	69.50%	58%	53.10%	49.60%
Supplier Concentration Risk [Member] | Purchase [Member] | Vendors Two [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage	25.50%	31.10%	43.10%	43.40%
Supplier Concentration Risk [Member] | Accounts Payable [Member] | Vendors One [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage			46.70%		85.10%
Supplier Concentration Risk [Member] | Accounts Payable [Member] | Vendors Two [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage			20.90%		11.60%
Supplier Concentration Risk [Member] | Accounts Payable [Member] | Vendors Three [Member]
Concentrations of Risks [Line Items]
Company accounted in percentage			15.10%

Leases (Details)

Leases (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Lease expense	$ 9,362	$ 9,839	$ 18,579	$ 20,332

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] - Share Purchase Agreement [Member]	Feb. 12, 2025 USD ($)
Subsequent Events (Details) [Line Items]
Acquire equity percentage	51%
Total consideration amount	$ 3,000,000