Concentrations and Risks	6 Months Ended
Dec. 31, 2019
Risks and Uncertainties [Abstract]
CONCENTRATIONS AND RISKS	NOTE 14 - CONCENTRATIONS AND RISKS The Company maintains principally all bank accounts in the PRC. The cash balance held in the PRC bank accounts was US$ 42,070,119 and US$ 35,311,106 as of December 31, 2019 and June 30, 2019, respectively. During the six months ended December 31, 2019 and 2018, almost 100% of the Company's assets were located in the PRC and 100% of the Company's revenues were derived from its subsidiaries and VIEs located in the PRC. For the six months ended December 31, 2019, four customers accounted for approximately 13%, 11%, 10% and 10% of the Company's total sales, respectively. For the three months ended December 31, 2019, four customers accounted for approximately 12%, 10%, 10% and 10% of the Company's total sales, respectively. At December 31, 2019, five customers accounted for approximately 70% of the Company's accounts receivable. For the six months ended December 31, 2018, five customers accounted for approximately 14%, 11%, 11%, 11% and 11% of the Company's total sales, respectively. For the three months ended December 31, 2018, two customers accounted for approximately 15% and 12% of the Company's total sales, respectively. For the six months ended December 31, 2019, two vendors accounted for approximately 41% and 14% of the Company's total purchases, respectively. For the six months ended December 31, 2018, three vendors accounted for approximately 45%, 15% and 10% of the Company's total purchases, respectively. For the three months ended December 31, 2019, two vendor accounted for approximately 45% and 13% of the Company's total purchases, respectively. For the three months ended December 31, 2018, one vendor accounted for approximately 28% of the Company's total purchases, respectively.

Concentrations and Risks

6 Months Ended

Dec. 31, 2019

NOTE 14 - CONCENTRATIONS AND RISKS

The Company maintains principally all bank accounts in the PRC. The cash balance held in the PRC bank accounts was US$ 42,070,119 and US$ 35,311,106 as of December 31, 2019 and June 30, 2019, respectively.

During the six months ended December 31, 2019 and 2018, almost 100% of the Company's assets were located in the PRC and 100% of the Company's revenues were derived from its subsidiaries and VIEs located in the PRC.

For the six months ended December 31, 2019, four customers accounted for approximately 13%, 11%, 10% and 10% of the Company's total sales, respectively. For the three months ended December 31, 2019, four customers accounted for approximately 12%, 10%, 10% and 10% of the Company's total sales, respectively. At December 31, 2019, five customers accounted for approximately 70% of the Company's accounts receivable.

For the six months ended December 31, 2018, five customers accounted for approximately 14%, 11%, 11%, 11% and 11% of the Company's total sales, respectively. For the three months ended December 31, 2018, two customers accounted for approximately 15% and 12% of the Company's total sales, respectively.

For the six months ended December 31, 2019, two vendors accounted for approximately 41% and 14% of the Company's total purchases, respectively. For the six months ended December 31, 2018, three vendors accounted for approximately 45%, 15% and 10% of the Company's total purchases, respectively.

For the three months ended December 31, 2019, two vendor accounted for approximately 45% and 13% of the Company's total purchases, respectively. For the three months ended December 31, 2018, one vendor accounted for approximately 28% of the Company's total purchases, respectively.