XML 53 R42.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Reporting (Tables)
3 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of information by segment
   For the Three Months Ended September 30, 2020 
   Shipping
Agency and
Management
Services
   Freight
Logistics
Services
   Container
Trucking
Services
   Total 
Net revenues  $206,845   $929,954   $       -   $1,136,799 
Cost of revenues  $176,968   $918,258   $-   $1,095,226 
Gross profit  $29,877   $11,696   $-   $41,573 
Depreciation and amortization  $80,269   $3,450   $-   $83,719 
Total capital expenditures  $-   $-   $-   $- 
Gross margin%   14.4%   1.3%   -%   3.7%
   For the Three Months Ended September 30, 2019 
   Shipping
Agency and
Management
Services
   Freight
Logistics
Services
   Container
Trucking
Services
   Total 
Net revenues  $500,000   $1,242,142*  $44,084   $1,786,226 
Cost of revenues  $95,822   $547,684*  $39,898   $683,404 
Gross profit  $404,178   $694,458   $4,186   $1,102,822 
Depreciation and amortization  $102,774   $7,702   $44,101   $154,577 
Total capital expenditures  $4,538   $-   $-   $4,538 
Gross margin%   80.8%   55.9%   9.5%   61.7%
   September 30,   September 30, 
   2020   2019 
PRC  $929,954   $1,242,142 
U.S.   206,845    544,084 
Total revenues  $1,136,799   $1,786,226 
* 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 September 30, 2019, gross revenues and gross cost of revenues related to these contracts amounted to approximately $9.1 million and $8.5 million, respectively. There was no such transaction for the three months ended September 30, 2020.
Schedule of segment reporting total assets
   September 30,   June 30, 
   2020   2020 
Shipping Agency and Management Services  $3,153,654   $2,531,074 
Freight Logistic Services   8,473,180    3,176,165 
Container Trucking Services   21,567    30,863 
Total Assets  $11,648,401   $5,738,102