Accounts Receivable, Net

6 Months Ended

Dec. 31, 2018

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET

Note 3. ACCOUNTS RECEIVABLE, NET

The Company’s net accounts receivable is as follows:

	December 31,			June 30,
	2018			2018
Trade accounts receivable	$	15,229,262		$	10,111,081
Less: allowances for doubtful accounts		(3,080,328	)		(1,682,228	)
Accounts receivables, net	$	12,148,934		$	8,428,853

Movement of allowance for doubtful accounts is as follows:

	December 31, 2018			June 30, 2018
Beginning balance	$	1,682,228		$	185,821
Provision for doubtful accounts		1,401,540			1,519,122
Less: write-off/recovery		-			(24,101	)
Exchange rate effect		(3,440	)		1,386
Ending balance	$	3,080,328		$	1,682,228

For the three months ended December 31, 2018, provision for doubtful accounts was $445,119. For the same period in 2017, provision for doubtful accounts was $598,301. For the six months ended December 31, 2018, provision for doubtful accounts was $1,396,951. For the same period in 2017, provision for doubtful accounts was $573,765.