Enlightify Inc.

CIK:0000857949|SEC Filings

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)	3 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
Sales
Net sales	$ 14,460,511	$ 17,364,939
Cost of goods sold
Cost of goods sold	11,004,579	13,378,369
Gross profit	3,455,932	3,986,570
Operating expenses
Selling expenses	1,054,106	1,924,428
General and administrative expenses	1,214,227	3,826,904
Change in fair value of Bitcoin		262
Total operating expenses	2,268,333	5,751,594
Income (loss) from operations	1,187,599	(1,765,024)
Other income (expense)
Other income (expense)	6,290	(50,622)
Interest income	10,767	39,526
Interest expense	(117,127)	(104,983)
Total other expense	(100,070)	(116,079)
Income (loss) before income taxes	1,087,529	(1,881,103)
Provision for income taxes	(268)	(38,878)
Net Income (loss)	1,087,797	(1,842,225)
Other comprehensive income (loss)
Foreign currency translation gain	3,009,424	4,741,241
Comprehensive income	$ 4,097,221	$ 2,899,016
Basic weighted average shares outstanding (in Shares)	15,770,934	14,793,538
Basic net income (loss) per share (in Dollars per share)	$ 0.07	$ (0.12)
Diluted weighted average shares outstanding (in Shares)	15,770,934	14,793,538
Diluted net income (loss) per share (in Dollars per share)	$ 0.07	$ (0.12)
Jinong
Sales
Net sales	$ 6,796,657	$ 7,421,658
Cost of goods sold
Cost of goods sold	4,340,170	4,728,887
Gufeng
Sales
Net sales	5,213,257	7,439,542
Cost of goods sold
Cost of goods sold	4,588,338	6,507,133
Yuxing
Sales
Net sales	2,450,597	2,340,444
Cost of goods sold
Cost of goods sold	2,076,071	1,940,638
Antaeus
Sales
Net sales		163,295
Cost of goods sold
Cost of goods sold		$ 201,711

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
Cash flows from operating activities
Net income (loss)	$ 1,087,797	$ (1,842,225)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Depreciation and amortization	548,827	710,403
Provision for losses on accounts receivable	290,179	632,074
Inventories impairment	107,882	2,038,575
Change in fair value of Bitcoin		262
Changes in operating assets
Digital assets		42,206
Accounts receivable	(1,497,030)	(5,759,561)
Other current assets	(460,379)	55,875
Inventories	(777,538)	1,716,380
Advances to suppliers	3,774,885	(3,335,723)
Other assets	1,366	470,581
Deferred tax assets	(268)	(38,878)
Changes in operating liabilities
Accounts payable	(217,950)	(105,889)
Customer deposits	(1,106,858)	2,160,214
Amount due to related parties	21,516	86,979
Tax payables	(44,627)	6,920
Accrued expenses and other payables	(3,047,493)	607,896
Interest payable	1,499
Net cash used in operating activities	(1,318,192)	(2,553,911)
Cash flows from investing activities
Purchase of plant, property, and equipment	(12,952)	(48,239)
Long-term equity investment		(8,495,862)
Net cash used in investing activities	(12,952)	(8,544,101)
Cash flows from financing activities
Proceeds from loans		5,726,880
Repayment of loans	(511,362)	(3,743,424)
Repurchases of common stock	(1,216)
Net cash (used in) provided by financing activities	(512,578)	1,983,456
Effect of exchange rate change on cash and cash equivalents	2,577,421	1,819,541
Net increase (decrease) in cash and cash equivalents	733,699	(7,295,015)
Cash and cash equivalents, beginning balance	52,519,418	58,772,587
Cash and cash equivalents, ending balance	53,253,117	51,477,572
Supplement disclosure of cash flow information
Interest expense paid	115,628	104,983
Income taxes paid	$ 53,210	$ 66,407

Unaudited Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2025	Jun. 30, 2025
Current assets
Cash and cash equivalents	$ 53,253,117	$ 52,519,418
Accounts receivable, net	20,678,903	19,345,061
Inventories, net	37,878,957	36,975,287
Advances to suppliers, net	8,649,281	12,367,419
Other current assets	10,855,715	10,395,335
Total current assets	131,315,973	131,602,520
Non-current assets
Plant, property and equipment, net	11,819,207	12,224,583
Intangible assets, net	13,305,067	13,279,462
Other non-current assets	589,578	590,483
Total non-current assets	25,713,852	26,094,528
Total assets	157,029,825	157,697,048
Current liabilities
Accounts payable	1,526,269	1,736,031
Customer deposits	3,441,483	4,526,024
Accrued expenses and other payables	19,288,885	22,289,890
Taxes payable	26,468,505	26,528,836
Short term loans	9,562,517	4,720,934
Total current liabilities	66,201,594	65,687,751
Long-term loans	2,612,556	7,889,627
Total non-current liabilities	2,612,556	7,889,627
Total liabilities	68,814,150	73,577,378
Commitments and Contingencies
Stockholders’ Equity
Preferred Stock, $.001 par value, 20,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2025 and June 30, 2025, respectively
Common stock, $.001 par value, 115,197,165 shares authorized, 16,116,914 and 16,116,914 shares issued, respectively; 15,769,434 and 15,770,934 shares outstanding as of September 30, 2025 and June 30, 2025, respectively	16,117	16,117
Additional paid-in capital	246,306,702	246,306,702
Statutory reserve	26,906,554	26,787,507
Retained earnings	(159,611,840)	(160,580,590)
Less: Treasury Stock	(399,742)	(398,526)
Accumulated other comprehensive loss	(25,002,116)	(28,011,540)
Total Stockholders’ Equity	88,215,675	84,119,670
Total Liabilities and Stockholders’ Equity	157,029,825	157,697,048
Related party
Current liabilities
Amount due to related parties	$ 5,913,935	$ 5,886,036