Accounts Receivable, Net

6 Months Ended

Dec. 31, 2020

Accounts Receivable Disclosure [Abstract]

ACCOUNTS RECEIVABLE, NET

Note 3. ACCOUNTS RECEIVABLE, NET

The Company’s net accounts receivable are as follows:

	December 31,			June 30,
	2020			2020
Trade accounts receivable	$	3,720,087		$	3,453,439
Less: allowances for doubtful accounts		(2,457,949	)		(2,297,491	)
Accounts receivable, net	$	1,262,138		$	1,155,948

Movement of allowance for doubtful accounts are as follows:

	December 31, 2020		June 30, 2020
Beginning balance	$	2,297,491	$	5,670,274
Provision for doubtful accounts, net of recovery		30,962		4,896,640
Less: write-off		-		(8,220,754	)
Exchange rate effect		129,496		(48,669	)
Ending balance	$	2,457,949	$	2,297,491

For the three months ended December 31, 2020 and 2019, the provision for doubtful accounts was $2,609 and $258,561, respectively. For the six months ended December 31, 2020 and 2019, the provision for doubtful accounts was $33,418 and $1,282,492, respectively. The Company recovered $2,456 and $76,497 of accounts receivable for the six months ended December 31, 2020 and 2019, respectively.