Other Receivables, Net

3 Months Ended

Sep. 30, 2019

Receivables [Abstract]

Other Receivables, Net

Note 4. OTHER RECEIVABLES, NET

The Company's net other receivables are as follows:

	September 30,		June 30,
	2019		2019
Advances to customers*	$	9,433,868	$	4,237,270
Cash advances		93,564		54,953
Security deposit		41,784		43,492
Other receivables, net	$	9,569,216	$	4,335,715

* As of September 30, 2019, the Company entered into certain contracts with customers (state-owned entities) where the Company's services included freight costs and cost of commodities to be shipped to customers' designated locations. The Company prepaid the costs of commodities and recognized as advance payments on behalf of its customers.  These advance payments on behalf of the customers will be repaid to the Company when either the contract terms are expired or the contracts are terminated by the Company.