Other Receivables

9 Months Ended

Mar. 31, 2020

Receivables [Abstract]

OTHER RECEIVABLES

Note 4. OTHER RECEIVABLES

The Company's other receivables are as follows:

	March 31,			June 30,
	2020			2019
Advances to customers*	$	9,983,979		$	4,237,270
Employee business advances		52,119			54,953
Security deposit		-			43,492
Total		10,036,098			4,335,715
Less: current portion		(6,486,140	)		(4,335,715	)
Total noncurrent portion	$	3,549,958		$	-

* As of March 31, 2020, 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. The Company is expected to execute the contracts by December 31, 2020 for the current portion which is within 12 months period from the date of the contracts were signed.