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Condensed Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating Activities    
Net income (loss) $ (2,710,389) $ 1,107,885
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation 1,864,584 343,082
Depreciation and amortization 51,280 31,742
Provision for doubtful accounts 1,287,787 837,431
Deferred tax benefit (120,500) (1,073,700)
Changes in assets and liabilities    
Accounts receivable (5,044,123) (2,210,485)
Other receivables 79,773 (234,751)
Advances to suppliers-third parties (220,166) 50,465
Advances to suppliers-related party 3,294,701
Prepaid expenses and other current assets 408,642 80,952
Other long-term assets - deposits (2,489,067)
Due from related parties 1,091,355 (921,532)
Advances from customers (295,619) (23,001)
Accounts payable (2,508,225) 288,283
Taxes payable 305,603 731,456
Due to related parties (206,323)
Accrued expenses and other current liabilities 286,613 (61,218)
Net cash used in operating activities (4,717,751) (1,259,714)
Investing Activities    
Acquisition of property and equipment (9,357) (50,278)
Acquisition of intangible assets (190,000)
Prepayment for acquisition of intangible assets (10,000)
Net cash used in investing activities (9,357) (250,278)
Financing Activities    
Proceeds from issuance of common stock 500,000
Net cash provided financing activities 500,000
Effect of exchange rate fluctuations on cash (416,925) (3,902)
Net decrease in cash (4,644,033) (1,513,894)
Cash at beginning of period 7,098,259 8,733,742
Cash at end of period 2,454,226 7,219,848
Supplemental information    
Income taxes paid $ 16,536 $ 60,162