Accounts Receivable, Net

12 Months Ended

Jun. 30, 2020

Accounts Receivable Disclosure [Abstract]

ACCOUNTS RECEIVABLE, NET

Note 3. ACCOUNTS RECEIVABLE, NET

The Company’s net accounts receivable are as follows:

	June 30,			June 30,
	2020			2019
Trade accounts receivable	$	3,453,439		$	12,716,120
Less: allowances for doubtful accounts		(2,297,491	)		(5,670,274	)
Accounts receivable, net	$	1,155,948		$	7,045,846

Movement of allowance for doubtful accounts are as follows:

	June 30, 2020			June 30, 2019
Beginning balance	$	5,670,274		$	1,682,228
Provision for doubtful accounts, net of recovery		4,896,640			4,091,056
Less: write-off		(8,220,754	)		(88,882	)
Exchange rate effect		(48,669	)		(14,128	)
Ending balance	$	2,297,491		$	5,670,274

For the years ended June 30, 2020 and 2019, the provision for doubtful accounts was $4,996,006 and $4,091,056, respectively. The Company recovered $99,366 and nil of accounts receivable for the years ended June 30, 2020 and 2019, respectively. The Company wrote off $8,220,754 and nil of accounts receivable for the years ended June 30, 2020 and 2019, respectively.