$QNME

Quanome Technologies, Inc.

CIK:0001996192|SEC Filings

Consolidated Statement of Operation and Comprehensive Loss	12 Months Ended
	Jun. 30, 2026 USD ($) $ / shares shares	Jun. 30, 2025 USD ($) $ / shares shares
Income Statement [Abstract]
Revenue	$ 5,850,681	$ 2,762,465
Cost of revenue	2,535,639	1,212,318
Gross profit	3,315,042	1,550,147
Operating expenses:
Selling expenses	2,642,667	393,290
General and administrative expenses	5,689,682	2,614,499
Provision of allowance for expected credit loss on accounts receivable	58,801	32,807
Write-off of supplier advance	2,859,594
Provision of allowance for expected credit loss on loan receivable	2,256,647
Total operating expenses	13,507,391	3,040,596
Loss from operations	(10,192,349)	(1,490,449)
Other income (expense)
Other income, net	295,299	33,217
Interest expense	(149,657)	(229,254)
Total other income (expense)	145,642	(196,037)
Loss before income taxes	(10,046,707)	(1,686,486)
Income tax expense	91,711	212,296
Net loss from continuing operations	(10,138,418)	(1,898,782)
Income (loss) from discontinued operation, net of tax provision:
Loss from discontinued operation before the sale of ABL Chicago	(1,901,927)	(3,347,354)
Gain on sale of ABL Chicago	2,556,315
Net income (loss) from discontinued operation	654,388	(3,347,354)
Net loss	(9,484,030)	(5,246,136)
Other comprehensive loss:
Foreign currency translation income	472,495	9,343
Comprehensive loss attributable to the Company	$ (9,011,535)	$ (5,236,793)
Basic and Diluted Net Loss per Common Share
Continuing operations (in Dollars per share) \| $ / shares	$ (0.39)	$ (0.25)
Discontinued operations, net of tax (in Dollars per share) \| $ / shares	$ 0.03	$ (0.44)
Weighted Average Shares Outstanding – basic (in Shares) \| shares	25,718,643	7,557,534
Weighted Average Shares Outstanding – diluted (in Shares) \| shares	25,718,643	7,557,534

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)
Cash flows from operating activities:
Net loss	$ (9,484,030)	$ (5,246,136)
Less: Income (Loss) from discontinued operation, net of tax provision	654,388	(3,347,354)
Net loss from continuing operations	(10,138,418)	(1,898,782)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	52,012	15,809
Amortization of intangible asset	85,484	53,427
Lease expense of operating lease assets	94,413	80,419
Provision of allowance for expected credit loss on accounts receivable	58,801	32,807
Provision of allowance for expected credit loss on loan receivable	2,256,647
Write-off of supplier advance	2,859,594
Amortized interest expense	109,753	138,994
Accrued interest expense of convertible debt	10,338	39,804
Deferred tax expense	(82,900)	(21,559)
Interest income	(268,711)	(28,120)
Stock-based compensation expense for consulting services	3,254,580
Changes in operating assets and liabilities:
Accounts receivable	279,861	(1,439,727)
Note receivables	66,732	(65,152)
Inventories	(91,890)	(96,534)
Right of return asset	(341,296)	(141,687)
Prepayment, deposit and other receivable	(2,840,631)	(150,919)
Accounts payables	(411,766)	1,018,228
Contract liabilities	54,409	15,355
Accrued expense and other payables	772,122	1,450,463
Due to a related party	220,220
Refund liabilities	745,330	77,235
Income tax payable	154,119	233,078
Operating lease liabilities	(82,497)	(91,969)
Net cash used in operating activities from continuing operations	(3,183,694)	(778,830)
Cash flows from investing activities:
Purchase of furniture and equipment	(2,048)	(20,436)
Payment for leasehold improvement		(50,741)
Cash payment for assets acquisition		(552,721)
Cash acquired from assets acquisition		276,365
Loan to a third party	(9,150,361)
Interest received from loan to third parties		16,740
Net cash used in investing activities from continuing operations	(9,152,409)	(330,793)
Cash flows from financing activities:
Proceeds from loan borrowing		162,942
Repayment of loans	(23,946)
Net proceeds from issuance of convertible notes		1,170,513
Repayment of principal of convertible debt	(432,948)	(296,852)
Repayment of equipment and vehicle loans	(11,695)
Proceeds from initial public offering, net of share issuance costs		5,351,581
Proceeds from a private placement	8,236,231	2,999,700
Repayment to shareholders		(805,946)
Net cash provided by financing activities from continuing operations	7,767,642	8,581,938
CASH FLOWS FROM DISCONTINUED OPERATION
Operating activities	(1,383,504)	(1,876,176)
Investing activities		(357,468)
Financing activities	1,409,852	(415,473)
Cash outflow in connection with sales of ABL Chicago	(167,536)
Net cash used in discontinued operation	(141,188)	(2,649,117)
Effect of exchange rate changes on cash	423,870	9,312
Net (decrease) increase in cash	(4,285,779)	4,832,510
Cash, beginning of the year – continuing operation	4,814,872	2,000
Cash, beginning of the year – discontinued operation	141,188	121,550
Total cash, beginning of the year	4,956,060	123,550
Cash, end of the year	670,281	4,956,060
Less: cash and cash equivalents of discontinued operations		141,188
Cash, end of the year for continuing operations	670,281	4,814,872
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for income tax	18,009	2,415
Cash paid for interest	455,152	176,679
NON-CASH ACTIVITIES
Issuance of common shares in exchange for consulting service	4,422,700
Convertible notes converted to common shares	512,733
Addition to property and equipment included in loan payable	69,219	102,235
Property disposal through loan payable		93,770
Right of use assets obtained in exchange for operating lease obligations		1,451,938
Right of use assets obtained in exchange for finance lease obligation		89,003
Additions to property and equipment through accounts payable and other payable		20,552
Additions to leasehold improvement through accounts payable and other payable		84,794
Due to shareholder offset against loan receivables from a third party		243,982
Due to shareholder offset against loan receivables related parties		$ 311,185

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Jun. 30, 2025
CURRENT ASSETS
Cash	$ 670,281	$ 4,814,872
Accounts receivable, net of credit loss allowance of $95,494 and $33,039	1,136,315	1,406,920
Note receivable		65,152
Prepaid expense, deposit and other receivable, net	1,334,026	221,993
Inventories, net	196,638	96,534
Right of return asset	501,395	141,687
Current assets from discontinued operation		3,520,388
Total current assets	11,019,992	10,278,926
NON-CURRENT ASSETS
Property and equipment at cost, net of accumulated depreciation	191,072	160,602
Intangible assets, net	279,956	365,440
Right of use operating lease assets, net	159,236	271,273
Deposit	4,311	38,934
Non-current assets from discontinued operation		3,290,286
Total non-current assets	634,575	4,126,535
TOTAL ASSETS	11,654,567	14,405,461
CURRENT LIABILITIES
Accounts payables	650,585	1,018,228
Accrued liabilities and other payables	1,972,537	1,161,864
Current portion of obligations under operating leases	43,749	108,817
Loan payable, current	187,750	262,870
Contract liabilities	72,297	15,355
Income tax payable	404,945	233,078
Convertible debts - current	85,085	910,675
Refund liabilities	849,821	77,235
Current liabilities from discontinued operation		5,877,931
Total current liabilities	4,486,989	9,666,053
NON-CURRENT LIABILITIES
Loan payable, non-current	46,277
Deferred tax liabilities		83,100
Obligations under operating leases, non-current	115,487	150,823
Non-current liabilities from discontinued operation		1,659,800
Total non-current liabilities	161,764	1,893,723
TOTAL LIABILITIES	4,648,753	11,559,776
Commitments and Contingencies
EQUITY
Common stocks, $0.0001 par value, 200,000,000 shares authorized, 34,427,559 and 10,500,000 issued and outstanding as of June 30, 2026 and 2025, respectively	3,443	1,050
Subscription receivable	(1,427,769)
Additional paid-in capital	22,681,315	8,084,275
Statutory reserve	63,416	63,416
Deficits	(14,799,401)	(5,315,371)
Accumulated other comprehensive income	484,810	12,315
Total equity	7,005,814	2,845,685
TOTAL LIABILITIES AND EQUITY	11,654,567	14,405,461
Third Party
CURRENT ASSETS
Loan receivable from third parties, net of credit loss allowance of $5,840 and nil	7,181,337	11,380
Related Party
CURRENT LIABILITIES
Due to a related party	$ 220,220