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Subsequent Event
12 Months Ended
Jun. 30, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENT

Note 16. SUBSEQUENT EVENT

 

In July 2018, the Company entered into a supplemental agreement with Tengda Northwest to extend the global logistic service period until July 3, 2019.

 

In August 2018, the Company entered into a supplemental agreement with Zhiyuan to extend the inland transportation management service period until September 1, 2019. 

 

On September 3, 2018, the Company entered into co-operation agreement with Ningbo Far-East Universal Shipping Agency Co., Ltd to set up a joint venture in Hong Kong to engage in worldwide shipping agency and management business. The Company will have 51% ownership in the joint venture.

 

On September 21, 2018, the Company is authorized to issue a total of 430,000 shares of the common stock valued at $1.10 per share on grant date with a total fair value of $473,000 under the 2014 Stock Incentive Plan to three employees, vesting immediately.