Segment Reporting

12 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

SEGMENT REPORTING

Note 14. SEGMENT REPORTING

ASC 280, "Segment Reporting", establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for detailing the Company's business segments.

The Company's chief operating decision maker is the Chief Executive Officer, who reviews the financial information of the separate operating segments when making decisions about allocating resources and assessing the performance of the group. The Company has determined that it has four operating segments: (1) shipping agency services; (2) inland transportation management services; (3) freight logistics services; and (4) container trucking services. The Company combined freight logistics services and bulk cargo container services into one segment starting from first quarter of 2019 as both segments have similar nature of services (cargo freight) and was provided to the same customer base. Due to the current economic trade dynamic, the Company has not generated any revenue from bulk cargo container services for the year ended June 30, 2019. Revenue from bulk cargo container services accounted for 3% of total revenue for the year ended June 30, 2018.

The following tables present summary information by segment for the years ended June 30, 2019 and 2018, respectively:

	For the Year Ended June 30, 2019
	Shipping Agency Services			Inland Transportation Management Services			Freight Logistics Services			Container Trucking Services			Total
Revenues
- Related party	$	-		$	433,383		$	-		$	-		$	433,383
- Third parties	$	2,093,680		$	1,036,416		$	37,725,136		$	482,432		$	41,337,664
Total revenues	$	2,093,680		$	1,469,799		$	37,725,136		$	482,432		$	41,771,047
Cost of revenues	$	1,894,332		$	128,624		$	33,556,109		$	427,445		$	36,006,510
Gross profit	$	199,348		$	1,341,175		$	4,169,027		$	54,987		$	5,764,537
Depreciation and amortization	$	-		$	110,821		$	1,902		$	18,197		$	130,920
Total capital expenditures	$	-		$	-		$	125,817		$	17,675		$	143,493
Gross margin%		9.5	%		91.2	%		11.1	%		11.4	%		13.8	%

	For the Year Ended June 30, 2018
	Shipping Agency Services		Inland Transportation Management Services			Freight Logistics Services			Container Trucking Services			Total
Revenues
- Related party	$	-	$	2,059,406		$	-		$	-		$	2,059,406
- Third parties	$	-	$	3,441,001		$	16,467,671		$	1,096,485		$	21,005,157
Total revenues	$	-	$	5,500,407		$	16,467,671		$	1,096,485		$	23,064,563
Cost of revenues	$	-	$	874,760		$	14,013,935		$	696,998		$	15,585,693
Gross profit	$	-	$	4,625,647		$	2,453,736		$	399,487		$	7,478,870
Depreciation and amortization	$	-	$	72,954		$	1,902		$	20,063		$	94,919
Total capital expenditures	$	-	$	-		$	778,182		$	44,595		$	822,777
Gross margin%		-		84.1	%		14.9	%		36.4	%		32.4	%

Total assets as of:

	June 30,		June 30,
	2019		2018
Shipping Agency Services	$	274,130	$	-
Inland Transportation Management Services		10,821,088		18,338,099
Freight Logistic Services		153,048		591,519
Container Trucking Services		9,350,737		7,228,209
Total Assets	$	20,599,003	$	26,157,827