Long Mall Internet Technology Co Ltd

CIK:0001828650|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Revenue	$ 7,328	$ 3,085	$ 140,914	$ 41,541
Cost of sales	6,329	2,556	129,033	35,952
Gross profit	999	529	11,881	5,589
Selling, general and administrative expenses	37,780	19,446	157,053	126,376
Operating (loss)	(36,781)	(18,917)	(145,172)	(120,787)
Other income (expenses)	2	(1)	(6,751)
(Loss) before provision for income taxes	(36,779)	(18,918)	(151,923)	(120,787)
Provision for income taxes
Net (loss)	(36,779)	(18,918)	(151,923)	(120,787)
Other comprehensive (loss):
Net (loss)	(36,779)	(18,918)	(151,923)	(120,787)
Foreign currency translation adjustment	1,637	1,274	(11,295)	2,276
Comprehensive (loss)	$ (35,142)	$ (17,644)	$ (163,218)	$ (118,511)
Basic and diluted (loss) per share (in Dollars per share)	$ 0.00	$ 0.00	$ (0.02)	$ (0.01)
Weighted average number of shares outstanding (in Shares)	10,016,857	10,000,000	10,016,857	9,970,370

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash Flows from Operating Activities
Net (loss)	$ (151,923)	$ (120,787)
Depreciation and amortization	7,520	2,158
Loss on disposal of fixed assets	6,914
Stock compensation expense		68,580
Changes in operating assets and liabilities	(33,439)	2,171
Net cash (used in) operating activities	(170,928)	(47,878)
Cash Flows from Financing Activities
Proceeds from related party loans	165,009	23,407
Additional capital contribution		28,290
Net cash provided by financing activities	165,009	51,697
Effect of exchange rate fluctuation on cash and cash equivalents	340	159
Net (decrease) increase in cash and cash equivalents	(5,579)	3,978
Cash and cash equivalents, beginning of year	5,845	717
Cash and cash equivalents, end of year	266	4,695
Supplemental disclosure of cash flow information
Cash paid for income taxes
Cash paid for interest expense

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Current assets:
Cash and cash equivalents	$ 266	$ 5,845
Inventories	11,547	13,928
Other receivables	5,257	1,586
Prepayments and deferred expenses		11,335
Total current assets	17,070	32,694
Property, plant and equipment, net	16,831	29,241
Total assets	33,901	61,935
Current liabilities:
Accounts payable and accrued expenses	33,347	74,443
Payroll payable	9,119	10,781
Due to related parties	326,563	148,621
Total current liabilities	369,029	233,845
Total liabilities	369,029	233,845
Shareholders’ (deficit):
Preferred stock; $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at March 31, 2021 and June 30, 2020
Common stock; $0.001 par value, 74,000,000 shares authorized; 10,016,857 shares issued and outstanding at March 31, 2021 and June 30, 2020	10,017	10,017
Additional paid-in capital	116,821	116,821
(Deficit)	(454,630)	(302,707)
Other comprehensive (loss) income	(7,336)	3,959
Total shareholders’ (deficit)	(335,128)	(171,910)
Total liabilities and shareholders’ (deficit)	$ 33,901	$ 61,935