XML 37 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
CHINA JOINT VENTURE (Tables)
 3 Months Ended
Sep. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Related Party Sales and Purchase Activity
Activity with Meineng Energy is summarized as follows:
 
 
 
Three months ended September 30,
 
 
 
2018
 
 
2017
 
Product sales to Meineng Energy
 
$
-
 
 
$
13,008
 
Cost of product sales to Meineng Energy
 
 
-
 
 
 
11,211
 
Product purchases from Meineng Energy
 
 
54,561
 
 
 
12,900
 
Schedule of Related Party Transactions
The total amount due to Meineng Energy is as follows:
 
 
 
September 30, 2018
 
 
June 30, 2018
 
Net amount due to Meineng Energy
 
$
(19,527
)
 
$
(33,822
)
Equity Method Investments
The operating results for Meineng Energy are summarized as follows:
 
 
 
Three months ended September 30,
 
 
 
2018
 
 
2017
 
Revenues
 
$
3,170
 
 
$
4,646
 
Gross loss
 
 
(1,116
)
 
 
(1,086
)
Loss from operations
 
 
(277,767
)
 
 
(373,926
)
Net loss
 
 
(273,663
)
 
 
(346,905
)