XML 33 R77.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Reporting (Details) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Revenues        
- Related party $ 75,000 $ 397,000
- Third parties 2,021,124 10,440,287 3,807,350 16,617,820
Total revenues 2,021,124 10,515,287 3,807,350 17,014,820
Cost of revenues 755,645 8,556,597 1,439,049 13,640,429
Gross profit 1,265,479 1,958,690 2,368,301 3,374,391
Depreciation and amortization 82,533 25,565 237,011 51,280
Total capital expenditures $ 2,482 $ 8,534 $ 7,020 $ 9,357
Gross margin% 62.60% 18.60% 62.20% 18.60%
Shipping Agency and Management Services [Member]        
Revenues        
- Related party
- Third parties 500,000 889,070 1,000,000 889,070
Total revenues 500,000 889,070 1,000,000 889,070
Cost of revenues 66,584 809,040 162,406 809,040
Gross profit 433,416 80,030 837,594 80,030
Depreciation and amortization 79,144 181,918
Total capital expenditures $ 2,482 $ 7,020
Gross margin% 86.70% 9.00% 83.80% 9.00%
Inland Transportation Management Services [Member]        
Revenues        
- Related party $ 75,000 $ 397,000
- Third parties 345,000 943,000
Total revenues 420,000 1,340,000
Cost of revenues 20,000 79,874
Gross profit 400,000 1,260,126
Depreciation and amortization 20,339 40,826
Total capital expenditures
Gross margin% 0.00% 95.20% 0.00% 95.20%
Freight Logistics Services [Member]        
Revenues        
- Related party
- Third parties 1,503,500 [1] 8,978,923 2,745,641 [2] 14,466,476
Total revenues 1,503,500 8,978,923 2,745,641 14,466,476
Cost of revenues 673,646 [1] 7,497,666 1,221,329 [2] 12,463,658
Gross profit 829,854 1,481,257 1,524,312 2,002,818
Depreciation and amortization 475 7,686 951
Total capital expenditures
Gross margin% 55.20% 16.50% 55.50% 16.50%
Container Trucking Services [Member]        
Revenues        
- Related party
- Third parties 17,624 227,294 61,709 319,274
Total revenues 17,624 227,294 61,709 319,274
Cost of revenues 15,415 229,891 55,314 287,857
Gross profit 2,209 (2,597) 6,395 31,417
Depreciation and amortization 3,389 4,751 47,407 9,503
Total capital expenditures $ 8,534 $ 9,357
Gross margin% 12.50% (1.10%) 10.40% (1.10%)
[1] For certain freight logistics contracts that the Company entered into with customers starting from first quarter of fiscal year 2020, the Company (i) acts as an agent in arranging the relationship between the customer and the third-party service provider and (ii) does not control the services rendered to the customers, revenues related to these contracts are presented net of related costs. For the three months ended December 31, 2019, gross revenues and gross cost of revenues related to these contracts amounted to approximately $10.8 million and $10.1 million, respectively.
[2] For certain freight logistics contracts that the Company entered into with customers starting from first quarter of fiscal year 2020, the Company (i) acts as an agent in arranging the relationship between the customer and the third-party service provider and (ii) does not control the services rendered to the customers, revenues related to these contracts are presented net of related costs. For the six months ended December 31, 2019, gross revenues and gross cost of revenues related to these contracts amounted to approximately $20.0 million and $18.5 million, respectively.