Accounts Receivable, Net

3 Months Ended

Sep. 30, 2020

Accounts Receivable Disclosure [Abstract]

ACCOUNTS RECEIVABLE, NET

Note 3. ACCOUNTS RECEIVABLE, NET

The Company’s net accounts receivable are as follows:

	September 30,			June 30,
	2020			2020
Trade accounts receivable	$	3,478,558		$	3,453,439
Less: allowances for doubtful accounts		(2,390,816	)		(2,297,491	)
Accounts receivable, net	$	1,087,742		$	1,155,948

Movement of allowance for doubtful accounts are as follows:

	September 30, 2020		June 30, 2020
Beginning balance	$	2,297,491	$	5,670,274
Provision for doubtful accounts, net of recovery		28,353		4,896,640
Less: write-off		-		(8,220,754	)
Exchange rate effect		64,972		(48,669	)
Ending balance	$	2,390,816	$	2,297,491

For the three months ended September 30, 2020 and 2019, the provision for doubtful accounts was $30,757 and $1,023,931, respectively. The Company recovered $2,404 and $99,366 of accounts receivable for the three months ended September 30, 2020 and 2019, respectively.