$DOGZ

Dogness (International) Corp

CIK:0001707303|SEC Filings

Consolidated Statements of Loss and Comprehensive Loss - USD ($)	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Income Statement [Abstract]
Revenue	$ 15,884,243	$ 20,707,707	$ 14,847,902
Cost of revenue	13,335,218	15,682,213	11,725,188
Gross Profit	2,549,025	5,025,494	3,122,714
Operating expenses:
Selling expenses	2,070,099	2,094,266	1,129,671
General and administrative expenses	6,525,340	8,383,445	7,838,024
Research and development expenses	956,862	1,115,108	610,439
Losses from disposal of property, plant and equipment	1,368,458	227,323	1,075,490
Impairment of property, plant and equipment	5,301,648
Impairment of intangible assets	1,169,991
Impairment of long-term investments	13,965,855
Total operating expenses	31,358,253	11,820,142	10,653,624
Loss from operations	(28,809,228)	(6,794,648)	(7,530,910)
Other income (expense):
Interest income (expense), net	102,039	80,503	(207,410)
Foreign exchange transaction (loss) gain	(358,043)	169,105	310,860
Other income, net	8,491	155,287	541,468
Rental income from related parties, net	241,636	211,430	337,743
Total other (loss) income	(5,877)	616,325	982,661
Loss before income taxes	(28,815,105)	(6,178,323)	(6,548,249)
Income taxes benefit	(1,185,934)	(1,077,086)	(491,600)
Net loss	(27,629,171)	(5,101,237)	(6,056,649)
Less: net loss attributable to non-controlling interest			(936)
Net loss attributable to Dogness (International) Corporation	(27,629,171)	(5,101,237)	(6,055,713)
Other comprehensive income (loss):
Foreign currency translation adjustments	4,614,114	1,097,735	(165,481)
Comprehensive loss	(23,015,057)	(4,003,502)	(6,222,130)
Less: comprehensive income (loss) attributable to non-controlling interest	2	1	(932)
Comprehensive loss attributable to Dogness (International) Corporation	$ (23,015,059)	$ (4,003,503)	$ (6,221,198)
Loss per share
Loss per share - Basic	$ (1.55)	$ (0.38)	$ (0.55)
Loss per share - diluted	$ (1.55)	$ (0.38)	$ (0.55)
Weighted average shares outstanding
Weighted average shares outstanding - Basic	17,809,261	13,408,261	10,919,386
Weighted average shares outstanding - diluted	17,809,261	13,408,261	10,919,386

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)	Jun. 30, 2024 USD ($)
Cash flows from operating activities:
Net loss	$ (27,629,171)	$ (5,101,237)	$ (6,056,649)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Amortization of operating lease right-of-use assets	996,294	657,824	1,179,776
Depreciation and amortization	2,719,257	2,782,328	2,771,727
Losses from disposal of property, plant and equipment	1,368,458	227,323	1,075,490
Share-based compensation for services	286,500	466,044	1,114,857
Change in inventory reserve	900,549	681,884
Changes in allowance for credit losses	(41,786)	(258,432)	275,923
Impairment of long-term investments	13,965,855
Impairment of property, plant and equipment	5,301,648
Impairment of intangible assets	1,169,991
Deferred tax benefit	(723,657)	(640,476)	(597,241)
Warrants modification			239,308
Changes in operating assets and liabilities:
Accounts receivable - third parties	(236,715)	1,250,219	(1,060,171)
Accounts receivables - related parties	2,963	574,365	691,431
Inventories	254,066	(248,274)	(447,631)
Due from a related party	(20,364)
Prepayments and other assets	(56,951)	445,116	97,647
Advances to supplier - related party		51,278	189,395
Accounts payable	194,891	285,841	395,559
Accounts payable - related parties	(11,735)	22,501
Contract liabilities	(9,427)	(80,247)	144,236
Taxes payable	(475,432)	(451,994)	(5,936)
Accrued expenses and other liabilities	(99,415)	71,869	423,456
Operating lease liabilities	(106,890)	396,544	382,649
Net cash (used in) provided by operating activities	(2,251,071)	1,132,476	813,826
Cash flows from investing activities:
Purchase of property, plant and equipment	(5,644,423)	(1,585,546)	(3,524,713)
Proceeds from disposition of property, plant and equipment	5,633	1,897,798	79,850
Net cash (used in) provided by investing activities	(5,638,790)	312,252	(3,444,863)
Cash flows from financing activities:
Net proceeds from private placement		5,879,390	4,920,800
Net proceeds from exercise of warrants			329,480
Reverse split shares			(810)
Proceeds from short-term bank loans	1,430,000	693,000	899,600
Repayment of short-term bank loans	(715,000)	(900,900)	(887,000)
Proceeds from long-term bank loan			2,629,600
Repayment of long-term bank loans	(1,357,540)	(768,532)	(3,102,838)
Proceeds from (repayment of) related party loans	65,878	(499,696)	425,007
Net cash (used in) provided by financing activities	(576,662)	4,403,262	5,213,839
Effect of exchange rate changes on cash, cash equivalents and restricted cash	469,067	27,061	(109,676)
Net (decrease) increase in cash, cash equivalents and restricted cash	(7,997,456)	5,875,051	2,473,126
Cash, cash equivalents and restricted cash, beginning of year	12,831,485	6,956,434	4,483,308
Cash, cash equivalents and restricted cash, end of year	4,834,029	12,831,485	6,956,434
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for income tax	387
Cash paid for interest	140,389	200,150	294,628
Non-cash investing activities and financing activities:
Liabilities (settled) incurred for purchase of property, plant and equipment		(62,287)	7,301
Issuance shares and warrants for long term investment		19,000,000
Reconciliation to amount on consolidated balance sheets:
Cash and cash equivalents	4,486,907	12,831,485	6,956,434
Restricted cash	347,122
Total cash, cash equivalents and restricted cash	$ 4,834,029	$ 12,831,485	$ 6,956,434

Consolidated Balance Sheets	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)
CURRENT ASSETS
Cash and cash equivalents	$ 4,486,907	$ 12,831,485
Restricted cash	347,122
Accounts receivable - third-party, net	1,671,563	1,302,189
Accounts receivable - related party		12,135
Inventories, net	1,668,362	2,719,790
Due from a related party	135,434	108,387
Prepayments and other current assets	187,207	79,822
Total current assets	8,496,595	17,053,808
NON-CURRENT ASSETS
Property, plant and equipment, net	58,310,892	58,259,795
Intangible assets, net	579,891	1,748,755
Long-term investments, net	7,415,351	20,656,752
Operating lease right-of-use assets, net	12,930,868	13,166,788
Prepayments and other non-current assets	2,963,329	3,417,866
Deferred tax assets	3,425,131	2,542,822
Total non-current assets	85,625,462	99,792,778
TOTAL ASSETS	94,122,057	116,846,586
CURRENT LIABILITIES
Short-term bank loans	1,474,000	698,000
Current portion of long-term bank loans	1,695,590	1,324,854
Due to a related party	101,873	32,171
Contract liabilities	188,502	187,846
Taxes payable	108,284	566,682
Operating lease liabilities, current	673,432	197,130
Accrued expenses and other current liabilities	1,463,368	1,482,981
Total current liabilities	7,600,401	6,105,917
NON-CURRENT LIABILITIES
Long-term bank loans	453,055	2,035,353
Operating lease liabilities, non-current	11,044,333	10,952,491
Total non-current liabilities	11,497,388	12,987,844
TOTAL LIABILITIES	19,097,789	19,093,761
Commitments and Contingencies (Note 18)
EQUITY
Statutory reserve	291,443	291,443
Accumulated deficit	(38,122,117)	(10,492,946)
Accumulated other comprehensive loss	(4,799,471)	(9,413,583)
Equity attributable to owners of the Company	75,024,223	97,752,782
Non-controlling interest	45	43
Total equity	75,024,268	97,752,825
TOTAL LIABILITIES AND EQUITY	94,122,057	116,846,586
Common Class A [Member]
EQUITY
Common stock value	117,636,230	117,349,730
Common Class B [Member]
EQUITY
Common stock value	18,138	18,138
Nonrelated Party [Member]
CURRENT LIABILITIES
Accounts payable	1,883,518	1,593,590
Related Party [Member]
CURRENT LIABILITIES
Accounts payable	$ 11,834	$ 22,663