$BTOC

Armlogi Holding Corp.

CIK:0001972529|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 185,835,053	$ 190,408,258
Costs of service	185,410,217	193,408,827
Gross profit (loss)	424,836	(3,000,569)
Operating costs and expenses:
General and administrative	21,969,387	14,675,543
Total operating costs and expenses	21,969,387	14,675,543
Loss from operations	(21,544,551)	(17,676,112)
Other (income) expenses:
Other income, net	(1,215,885)	(2,714,344)
Loss on debt extinguishment		1,192,431
Gain (loss) on disposal of assets	(104,061)	43,625
Finance costs	649,915	714,352
Total other income	(670,031)	(763,936)
Total income (loss) before income taxes	(20,874,520)	(16,912,176)
Current income tax recovery		(26,954)
Deferred income tax recovery		(1,536,455)
Total income tax recovery		(1,563,409)
Net loss	(20,874,520)	(15,348,767)
Total comprehensive loss	$ (20,874,520)	$ (15,348,767)
Basic net loss per share (in Dollars per share)	$ (0.47)	$ (0.37)
Diluted net loss per share (in Dollars per share)	$ (0.47)	$ (0.37)
Weighted average number of shares of common stock-basic (in Shares)	44,691,736	41,808,909
Weighted average number of shares of common stock-diluted (in Shares)	44,691,736	41,808,909

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net loss	$ (20,874,520)	$ (15,348,767)
Adjustments for items not affecting cash:
Net gain (loss) from disposal of fixed assets	(104,061)	43,625
Depreciation of property and equipment and right-of-use financial assets	3,503,493	2,931,993
Amortization	41,479	38,081
Non-cash operating leases expense	3,891,672	7,536,058
Current estimated credit loss	1,398,646	275,610
Loss on debt extinguishment		1,192,431
Accretion of convertible note	527,251	617,845
Deferred income taxes recovery		(1,536,455)
Interest income	20,503	(144,501)
Changes in operating assets and liabilities
Accounts receivable and other receivables	5,758,337	2,981,935
Other current assets	701,791	625,686
Prepaid expenses	449,271	(246,211)
Other non-current assets	107,621	(28,000)
Accounts payable & accrued liabilities	(269,504)	2,102,444
Income tax payable		(57,589)
Contract liabilities	(423,100)	662,634
Accrued payroll liabilities	158,353	(122,100)
Net changes in derecognized ROU and operating lease liability	(20,847)	(63,874)
Net cash (used in) provided from operating activities	(5,133,615)	1,460,845
Cash Flows from Investing Activities:
Purchase of property and equipment	(1,842,391)	(2,889,928)
Proceeds from disposal of property and equipment	191,161	48,000
Loans extended to third parties	(2,400,000)	(1,000,000)
Proceeds from loan repayments	4,760,000	2,036,705
Net cash provided by (used in) investing activities	708,770	(1,805,223)
Cash Flows from Financing Activities:
Lending to related parties		(350,209)
Repayments of finance lease liabilities	(590,635)	(360,443)
Repayment of commitment payable		(150,000)
Repayment of convertible notes pursuant to SEPA	(2,020,000)	(3,260,000)
Proceeds from convertible notes		8,092,473
Net cash (used in) provided by financing activities	(2,610,635)	3,971,821
Net (decrease) increase in cash and cash equivalents and restricted cash	(7,035,480)	3,627,443
Cash and cash equivalents and restricted cash, beginning of year	13,577,827	9,950,384
Cash and cash equivalents and restricted cash, end of year	6,542,347	13,577,827
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets that total the same amounts shown in the Consolidated Statements of Cash Flows:
Cash and cash equivalents	2,217,199	9,190,277
Restricted cash – non-current	4,325,148	4,387,550
Total cash and cash equivalents and restricted cash shown in the Consolidated Balance Sheet	6,542,347	13,577,827
Supplemental Disclosure of Cash Flows Information:
Cash paid for income tax		(122,248)
Cash paid for interest		(96,507)
Non-Cash Transactions:
Increase (Decrease) in right-of-use assets due to remeasurement of lease terms	63,896	(1,148,456)
Right-of-use assets acquired in exchange for operating lease liabilities	4,605,476	27,857,474
Right-of-use assets acquired in exchange for finance lease liabilities	950,792	819,155
Shares issued to settle commitment fee		250,000
Shares issued upon conversion of convertible notes issued pursuant to SEPA	$ 3,800,000	$ 950,000

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Current assets
Cash and cash equivalents	$ 2,217,199	$ 9,190,277
Accounts receivable and other receivable, net of (credit loss allowance of $1,273,113 and $594,869 at June 30, 2026 and 2025, respectively)	15,770,917	22,207,500
Other current assets, net of credit loss allowance of $266,953 and $nil	30,182	998,925
Prepaid expenses	926,375	1,375,646
Loan receivables, net of credit loss allowance of $453,449 and $nil	1,059,612	3,893,563
Total current assets	20,004,285	37,665,911
Non-current assets
Restricted cash	4,325,148	4,387,550
Property and equipment, net	10,775,190	11,259,820
Intangible assets, net	13,148	54,627
Right-of-use assets – operating leases	93,905,576	115,361,185
Right-of-use assets – finance leases	1,092,157	745,547
Other non-current assets	631,934	739,555
Total assets	130,747,438	170,214,195
Current liabilities
Accounts payable and accrued liabilities	9,994,669	9,604,783
Contract liabilities	515,997	939,097
Accrued payroll liabilities	441,503	283,150
Convertible notes		5,292,749
Operating lease liabilities – current	34,028,979	29,280,907
Finance lease liabilities – current	641,734	386,327
Total current liabilities	45,622,882	45,787,013
Non-current liabilities
Operating lease liabilities – non-current	76,606,696	98,939,552
Finance lease liabilities – non-current	502,442	397,692
Total liabilities	122,732,020	145,124,257
Commitments and contingencies
Stockholders’ equity
Common stock, US$0.00001 par value, 100,000,000 shares authorized, 45,443,079 and 42,250,934 issued and outstanding as of June 30, 2026 and June 30, 2025, respectively	454	422
Additional paid-in capital	20,468,826	16,668,858
(Accumulated deficits) Retained earnings	(12,453,862)	8,420,658
Total stockholders’ equity	8,015,418	25,089,938
Total liabilities and stockholders’ equity	$ 130,747,438	$ 170,214,195