Equity Components [Axis]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Noncontrolling Interest [Member]
AOCI Attributable to Parent [Member]
Currency [Axis]
China, Yuan Renminbi
Investment, Name [Axis]
Box Harmony [Member]
Long-Term Debt, Type [Axis]
Anivia Purchase Note [Member]
Business Acquisition [Axis]
Anivia [Member]
Financial Instrument [Axis]
Goodwill [Member]
Concentration Risk Benchmark [Axis]
Revenue Benchmark [Member]
Concentration Risk Type [Axis]
Customer Concentration Risk [Member]
Customer [Axis]
Amazon Sales To Canada And Other Foreign Countries [Member]
Product and Service [Axis]
Hydroponic Products [Member]
General Gardening [Member]
Geographical [Axis]
CHINA
Finite-Lived Intangible Assets by Major Class [Axis]
Noncompete Agreements [Member]
Supplier Relationship [Member]
Software [Member]
Measurement Input Type [Axis]
Corporate Bond Yield [Member]
Measurement Input, Risk Free Interest Rate [Member]
Liquidity Premium [Member]
Measurement Input, Discount Rate [Member]
Fair Value Hierarchy and NAV [Axis]
Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
Measurement Frequency [Axis]
Fair Value, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
Fair Value, Inputs, Level 2 [Member]
Fair Value, Inputs, Level 3 [Member]
G P M [Member]
Purchase Note [Member]
Class of Stock [Axis]
Restricted Stock [Member]
Counterparty Name [Axis]
J P M [Member]
Anivia [Member]
Aniva [Member]
Consolidated Entities [Axis]
Variable Interest Entity, Primary Beneficiary [Member]
Balance Sheet Location [Axis]
Advance to Suppliers [Member]
Prepaid Income Taxes [Member]
Prepaid Expenses And Other Receivables [Member]
Transaction Type [Axis]
Product Sourcing [Member]
Car Payment [Member]
Supplier [Axis]
One Vendor [Member]
Lender Name [Axis]
WFC Fund [Member]
SBA Loan [Member]
Credit Facility [Axis]
Asset-based Revolving Loan [Member]
Related Party, Type [Axis]
Income Tax Authority [Axis]
U S Tax Authorities [Member]
Chinese Tax Authorities [Member]
Award Type [Axis]
Stock Issued For Vested Rsus [Member]
Plan Name [Axis]
Equity Incentive Plan [Member]
Restricted Stock Units (RSUs) [Member]
Various Parties [Member]
Kevin Vassily [Member]
Chenlong Tan [Member]
Options Granted [Member]
Two Accredited Investors [Member]
Sale of Stock [Axis]
Private Placement [Member]
Amazon Vendor And Amazon Seller [Member]
Accounts Receivable [Member]
Cost of Sales [Member]
Product Concentration Risk [Member]
Supply Commitment [Axis]
One Suppliers [Member]
Accounts Payable [Member]
Two Suppliers [Member]
Cover [Abstract]
Document Type
Amendment Flag
Amendment Description
Document Registration Statement
Document Annual Report
Document Quarterly Report
Document Transition Report
Document Shell Company Report
Document Shell Company Event Date
Document Period Start Date
Document Period End Date
Document Fiscal Period Focus
Document Fiscal Year Focus
Current Fiscal Year End Date
Entity File Number
Entity Registrant Name
Entity Central Index Key
Entity Primary SIC Number
Entity Tax Identification Number
Entity Incorporation, State or Country Code
Entity Address, Address Line One
Entity Address, Address Line Two
Entity Address, Address Line Three
Entity Address, City or Town
Entity Address, State or Province
Entity Address, Country
Entity Address, Postal Zip Code
Country Region
City Area Code
Local Phone Number
Extension
Written Communications
Soliciting Material
Pre-commencement Tender Offer
Pre-commencement Issuer Tender Offer
Title of 12(b) Security
No Trading Symbol Flag
Trading Symbol
Security Exchange Name
Title of 12(g) Security
Security Reporting Obligation
Annual Information Form
Audited Annual Financial Statements
Entity Well-known Seasoned Issuer
Entity Voluntary Filers
Entity Current Reporting Status
Entity Interactive Data Current
Entity Filer Category
Entity Small Business
Entity Emerging Growth Company
Elected Not To Use the Extended Transition Period
Document Accounting Standard
Other Reporting Standard Item Number
Entity Shell Company
Entity Public Float
Entity Bankruptcy Proceedings, Reporting Current
Entity Common Stock, Shares Outstanding
Documents Incorporated by Reference [Text Block]
Document Financial Statement Error Correction [Flag]
Auditor Firm ID
Auditor Name
Auditor Location
Statement of Financial Position [Abstract]
ASSETS
Current assets
Cash and cash equivalent
Accounts receivable, net
Inventories, net
Other receivable - related party
Prepayments and other current assets, net
Total current assets
Non-current assets
Right of use - non-current
Property and equipment, net
Deferred tax assets
Non-current prepayments
Goodwill
Investment in joint venture
Intangible assets, net
Other non-current assets
Total non-current assets
Total assets
LIABILITIES AND EQUITY
Current liabilities
Accounts payable
Credit cards payable
Customer deposit
Other payables and accrued liabilities
Advance from shareholders
Investment payable
Lease liability - current
Long-term promissory note payable - current portion
Income taxes payable
Total current liabilities
Non-current liabilities
Long-term revolving loan payable, net
Long-term promissory note payable, net
Deferred tax liabilities
Lease liability - non-current
Total non-current liabilities
Total liabilities
Commitments and contingency
Stockholders' Equity
Preferred stock, $0.001 par value; 20,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2023 and 2022
Common stock, $0.001 par value; 180,000,000 shares authorized; 29,710,939 and 29,572,382 shares issued and outstanding at June 30, 2023 and 2022
Additional paid in capital
(Accumulated deficits) Retained earnings
Non-controlling interest
Accumulated other comprehensive income (loss)
Total equity
Total liabilities and equity
preferred stock, par value
Preferred stock shares authorized
Preferred stock shares issued
Preferred stock shares outstanding
Common stock, par value
Common stock, shares authorized
Common stock, shares issued
Common stock, shares outstanding
Income Statement [Abstract]
REVENUES
TOTAL REVENUES
COST OF REVENUES
GROSS PROFIT
OPERATING EXPENSES:
Selling and fulfillment
General and administrative
Impairment loss - goodwill
Total operating expenses
(LOSS) INCOME FROM OPERATIONS
OTHER INCOME (EXPENSE)
Interest expenses
Other financing expenses
Loss on equity method investment
Other non-operating income
Total other expenses, net
(LOSS) INCOME BEFORE INCOME TAXES
PROVISION FOR INCOME TAX (BENEFIT) EXPENSE
NET (LOSS) INCOME
Non-controlling interest
NET (LOSS) INCOME ATTRIBUTABLE TO iPOWER INC.
OTHER COMPREHENSIVE LOSS
Foreign currency translation adjustments
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO iPOWER INC.
WEIGHTED AVERAGE NUMBER OF COMMON STOCK
Basic
Diluted
(LOSSES) EARNINGS PER SHARE
Basic
Diluted
Statement [Table]
Statement [Line Items]
Beginning balance, value
Beginning balance, shares
Net income
Non-controlling interest
Stock-based compensation
Restricted shares issued for vested RSUs
Restricted shares issued for vested RSUs , shares
Foreign currency translation adjustments
Restricted Stock or Unit Expense
Shares issued for acquisition
Shares issued for acquisition, shares
Ending balance, value
Ending balance, shares
Statement of Cash Flows [Abstract]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities:
Depreciation and amortization expense
Inventory reserve
Credit loss reserve for accounts receivable and other receivables
Loss on equity method investment
Stock-based compensation expense
Non-cash operating lease expense
Amortization of debt premium / discount and non-cash financing costs
Change in operating assets and liabilities
Accounts receivable
Inventories
Deferred tax assets/liabilities
Prepayments and other current assets
Non-current prepayments
Other non-current assets
Accounts payable
Credit cards payable
Customer deposit
Other payables and accrued liabilities
Income taxes payable
Net cash provided by (used in) operating activities
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of equipment
Cash acquired on acquisition
Investment in joint venture
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related parties
Payments to related parties
Proceeds from short-term loans
Payments of financing fees
Payment on investment payable
Payments on short-term loans
Proceeds from long-term loans
Payments on long-term loans
Net cash (used in ) provided by financing activities
EFFECT OF EXCHANGE RATE ON CASH
CHANGES IN CASH
CASH AND CASH EQUIVALENT, beginning of period
CASH AND CASH EQUIVALENT, end of period
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income tax
Cash paid for interest
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Shares issued for acquisition
Promissory note issued for acquisition
Investment payable for acquisition
Goodwill acquired in business acquisition
Identifiable intangible assets acquired in business acquisition
Net assets acquired in business acquisition
Right of use assets acquired under new operating leases
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of business and organization
Accounting Policies [Abstract]
Basis of Presentation and Summary of significant accounting policies
Joint Ventures
Joint Ventures
Acquisition Of Anivia Limited And Subsidiaries And Variable Interest Entity
Acquisition of Anivia Limited and Subsidiaries and Variable Interest Entity
Variable interest entity
Receivables [Abstract]
Accounts receivable, net
Inventory Disclosure [Abstract]
Inventories, net
Prepayments And Other Current Assets Net
Prepayments and other current assets, net
Non-current Prepayments
Non-current prepayments
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets, net
Payables and Accruals [Abstract]
Other payables and accrued liabilities
Debt Disclosure [Abstract]
Loans payable
Related Party Transactions [Abstract]
Related party transactions
Income Tax Disclosure [Abstract]
Income taxes
Earnings Per Share [Abstract]
Earnings per share
Equity [Abstract]
Equity
Warrant Liabilities
Warrant liabilities
Risks and Uncertainties [Abstract]
Concentration of risk
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies
Subsequent Events [Abstract]
Subsequent events
Basis of presentation
Principles of Consolidation
Emerging Growth Company Status
Use of estimates and assumptions
Foreign currency translation and transactions
Cash and cash equivalents
Accounts receivable, net
Equity method investment
Business Combination
Variable interest entities
Goodwill
Intangible Assets, net
Fair values of financial instruments
Revenue recognition
Advertising costs
Cost of revenue
Operating expenses
Inventory, net
Debt Issuance Costs
Segment reporting
Leases
Stock-based Compensation
Income taxes
Commitments and contingencies
Earnings per share
Recently issued accounting pronouncements
Subsequent events
Schedule of estimated useful life
Schedule of assumptions for financial instruments
Schedule of fair value on nonrecurring basis
Schedule of allocation of acquisition price
Schedule of Pro Forma information
Schedule of carrying amount of VIE assets and liabilities
Schedule of operating results of the VIE
Schedule of accounts receivable
Schedule of changes in allowance for credit losses
Schedule of prepayments and other current assets
Schedule of credit losses on other receivables
Schedule of intangible assets
Schedule of future amortization
Schedule of accounts payable and accrued liabilities
Schedule of interest on loans payable
Schedule of provision for income tax expense
Schedule of reconciliation of effective income tax rate
Schedule of deferred taxes
Schedule of computation of earnings per share
Schedule of RSU activity
Schedule of lease cost and other information
Schedule of supplemental balance sheet information related to leases
Schedule of maturities of lease liabilities
Schedule of Finite-Lived Intangible Assets [Table]
Finite-Lived Intangible Assets [Line Items]
Intangible Asset, Useful Life
Fair Value Measurement Inputs and Valuation Techniques [Table]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivatives, Determination of Fair Value
Platform Operator, Crypto-Asset [Table]
Platform Operator, Crypto-Asset [Line Items]
Assets
Goodwill, Impairment Loss
Schedule of Product Information [Table]
Product Information [Line Items]
Translation rate at period end
Translation rate during period
Ownership percentage
Principal amount
Fair value of purchases
Outstanding principal balance
Unamortized premium
Accrued interest
Advertising and promotion costs
Concentration Risk, Percentage
Inventory, Gross
Deferred Tax Assets, Valuation Allowance
Schedule of Restructuring and Related Costs [Table]
Restructuring Cost and Reserve [Line Items]
Cash
Promissory note issued
Common stock issued
Total purchase consideration
Business Combination Purchase Price Allocation
Current assets
Property and equipment
Rent deposit
ROU asset
Deferred tax liabilities
Current liabilities
Lease liability
Total purchase consideration
Total Revenues
Income from Operations
Business Acquisition, Pro Forma Earnings Per Share, Basic
Business Acquisition, Pro Forma Earnings Per Share, Diluted
Total fair value of consideration
Notes payable
Number of shares issued for acquisition
Additional cash to be paid
General and administrative expense
Payments of financing cost
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Cash in bank
Prepayments and other receivables
Rent deposit
Office equipment, net
Right of use – noncurrent
Deferred tax assets
Lease liability
Income tax payable
Other payables and accrued liabilities
Revenue
Net loss after elimination of intercompany transactions
VIE revenue before consolidation
VIE net income (loss) before elimination
Accounts receivable
Less: allowance for credit losses
Total accounts receivable
Balance at June 30, 2022
Allowance recorded during the year ended June 30, 2023
Balance at June 30, 2023
Inventory net of allowances
Inventory, LIFO Reserve
[custom:InventoryAllowanceForObsolescence-0]
Prepaid Expense and Other Assets, Current
Allowance for credit loss
Allowance for credit loss
Prepayments And Other Current Assets
Balance at June 30, 2022
Allowance recorded during the year ended June 30, 2023
Balance at June 30, 2023
Delivery fees receivable
Offsetting Assets [Table]
Offsetting Assets [Line Items]
Total non-current prepayments
Amortization expenses
Finite-Lived Intangible Assets, Gross
Finite-Lived Intangible Assets, Accumulated Amortization
Finite-Lived Intangible Assets, Net
2024
2025
2026
2027
2028
Thereafter
Intangible assets, net
[custom:FiniteLivedIntangibleAssetRemainingUsefulLife]
Amortization of Intangible Assets
Accrued payables for inventory in transit
Accrued Amazon fees
Sales taxes payable
Payroll liabilities
Other accrued liabilities and payables
Total
Other accounts payable
Other accounts payable
Accrued interest
Credit utilization fees
Amortization of debt discount
Total
Line of Credit Facility [Table]
Line of Credit Facility [Line Items]
Notes payable
Accrued interest expense
Notes payable
Maturity date
Accrued interest
Fair value of debt
Debt Instrument, Unamortized Discount
Interest expense
Amortization of note premium
Outstanding balance
Current portion
Non current portion
Unamortized premium
Schedule of Related Party Transactions, by Related Party [Table]
Related Party Transaction [Line Items]
Sublease fee
Other receivables due
Advance from shareholders
Current:
Federal
State
Foreign
Total current income tax provision
Deferred:
Federal
State
Foreign
Total deferred taxes
Total provision for income taxes
Federal
State (net of federal benefit)
Foreign tax rate difference
Impairment loss on goodwill – permanent difference
Net effect of state income tax deduction and other permanent differences
Effective tax rate
Deferred tax assets
263A calculation
Inventory reserve
State taxes
Accrued expenses
ROU assets / liabilities
Net Operation loss
Stock-based compensation
Others
Total deferred tax assets
Deferred tax liabilities
Depreciation
Intangible assets acquired
Total deferred tax liabilities
Net deferred tax assets (liabilities)
Operating Loss Carryforwards [Table]
Operating Loss Carryforwards [Line Items]
Prepaid income taxes
Net income (loss) attributable to iPower Inc.
Weighted-average shares used in computing basic earnings per share
Weighted-average shares used in computing diluted earnings per share
Earnings per share of ordinary shares, Basic
Earnings per share of ordinary shares, Diluted
Unissued shares of restricted stock units
Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award [Table]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
RSUs granted, but not vested, total RSUs issued at beginning
RSUs granted, total RSUs issued
RSUs granted, total fair market value of RSUs issued as compensation
RSUs forfeited , total RSUs issued
RSUs vested , total RSUs issued
RSUs granted, but not vested, total RSUs issued at ending
Schedule of Stock by Class [Table]
Class of Stock [Line Items]
RSU's granted
Restricted shares per share
Fair value of stock issued for acquisition
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized
Unvested number of RSUs
Unamortized expense
RSU's vested
Common stock issued for RSU's vested
Common stock to be issued for RSU's vested
Cash performance bonus
Options granted, shares
Stock Price
Volatility
Term
Risk free rate of return
Dividend yield
Fair value of options granted
Options vested
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition
Collaborative Arrangement and Arrangement Other than Collaborative [Table]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from Convertible Debt
Warrants outstanding
Average exercise price
Concentration Risk [Table]
Concentration Risk [Line Items]
Cash and cash equivalents
Cash, Uninsured Amount
Concentration risk, percentage
Operating lease cost (included in G&A in the Company's statement of operations)
Cash paid for amounts included in the measurement of lease liabilities
Remaining lease term in years
Average discount rate - operating leases
Right of use asset - non-current
Lease Liability – current
Lease Liability - non-current
Total operating lease liabilities
2024
2025
2026
2027
2028
Less: Imputed interest/present value discount
Present value of lease liabilities
Total commitment
Operating lease liabilities
WFC Fund [Member]
Anivia [Member] [Default Label]
Assets, Current
Assets, Noncurrent
Assets [Default Label]
Liabilities, Current
Liabilities, Noncurrent
Liabilities
Equity, Including Portion Attributable to Noncontrolling Interest
Liabilities and Equity
Gross Profit
Operating Expenses
Operating Income (Loss)
OtherFinancingExpenses
Nonoperating Income (Expense)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
Net Income (Loss) Attributable to Noncontrolling Interest
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
Shares, Outstanding
Noncontrolling Interest, Change in Redemption Value
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Inventories
IncreaseDecreaseInDeferredTaxAssets
Increase (Decrease) in Prepaid Expense and Other Assets
IncreaseDecreaseInNoncurrentPrepayments
Increase (Decrease) in Other Noncurrent Assets
Increase (Decrease) in Accounts Payable, Trade
Increase (Decrease) in Other Accounts Payable
Increase (Decrease) in Contract with Customer, Liability
Increase (Decrease) in Other Accounts Payable and Accrued Liabilities
Increase (Decrease) in Accrued Taxes Payable
Net Cash Provided by (Used in) Operating Activities
Payments to Acquire Property, Plant, and Equipment
Payments to Acquire Interest in Joint Venture
Net Cash Provided by (Used in) Investing Activities
Repayments of Related Party Debt
PaymentOnInvestmentPayable
Repayments of Short-Term Debt
Repayments of Other Long-Term Debt
Net Cash Provided by (Used in) Financing Activities
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents
Stock Issued
JointVenturesDisclosureTextBlock
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
Inventory Disclosure [Text Block]
DeferredCostsPrepaidAndOtherAssetsDisclosureTextBlock
NoncurerntPrepaymentTextBlock
Intangible Assets Disclosure [Text Block]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
Receivable [Policy Text Block]
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]
Income Tax, Policy [Policy Text Block]
Commitments and Contingencies, Policy [Policy Text Block]
Earnings Per Share, Policy [Policy Text Block]
Subsequent Events, Policy [Policy Text Block]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities1
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Deposits Assets, Current
DeferredTaxAssets
Accounts Payable and Other Accrued Liabilities
Accounts Receivable, Allowance for Credit Loss, Current
Allowance for Doubtful Accounts, Premiums and Other Receivables
Accounts Payable, Other, Current
AccruedInterestExpensed
Notes Payable
Interest Payable
Debt Instrument, Unamortized Discount [Default Label]
AdvanceFromShareholder
Current Income Tax Expense (Benefit)
Deferred Federal Income Tax Expense (Benefit)
Deferred State and Local Income Tax Expense (Benefit)
Deferred Foreign Income Tax Expense (Benefit)
Deferred Income Tax Expense (Benefit)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent
Deferred Tax Assets, Inventory
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-Based Compensation Cost
Deferred Tax Assets, Gross
Deferred Tax Liabilities, Property, Plant and Equipment
Deferred Tax Liabilities, Other Finite-Lived Assets
Deferred Tax Liabilities, Gross
NetDeferredTaxLiabilities
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period
Lessee, Operating Lease, Liability, to be Paid, Year One
Lessee, Operating Lease, Liability, to be Paid, Year Two
Lessee, Operating Lease, Liability, to be Paid, Year Three
Lessee, Operating Lease, Liability, to be Paid, Year Four
Lessee, Operating Lease, Liability, to be Paid, Year Five
Lessee, Operating Lease, Liability, Undiscounted Excess Amount