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Prepaid Expenses and Other Current Assets (Details) - USD ($)
Jun. 30, 2018
Jun. 30, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Consultant fees [1] $ 158,150
Advance to employees 355,294 64,160
Prepaid income taxes 800 41,891
Other (including prepaid insurance, rent, listing fees) 232,345 53,817
Deposit for leasehold improvement on IT infrastructure facility [2] 438,151
Total 1,026,590 318,018
Less: current portion (588,439) (311,136)
Total noncurrent portion $ 438,151 $ 6,882
[1] The Company entered into a management consulting services agreement with a consulting company on November 12, 2015, pursuant to which the consulting company shall assist the Company with its regulatory filings during the period from July 1, 2016 to June 30, 2018. In return for its services, as approved by the Board, a total of $316,298 was paid to the consulting company. Consulting fees have been and will be ratably charged to expenses over the terms of the above-mentioned agreements. The prepaid consulting fees had been fully amortized as of June 30, 2018 upon the maturity of service period.
[2] The Company paid a $438,151 deposit for leasehold improvements on its IT infrastructure facility including upgrading the server room of its Shanghai office. The total project cost is approximately $615,000 and is expected to be completed in October 2019.