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Segment Reporting
 9 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
SEGMENT REPORTING

Note 19. SEGMENT REPORTING


ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in unaudited condensed consolidated financial statements for detailing the Company’s business segments. 


The Company’s chief operating decision maker is the Chief Executive Officer, who reviews the financial information of the separate operating segments when making decisions about allocating resources and assessing the performance of the group. The Company has determined that it has three operating segments: (1) shipping agency and management services; (2) freight logistics services and (3) container trucking services.


The following tables present summary information by segment for the three and nine months ended March 31, 2021 and 2020, respectively:


   For the Three Months Ended March 31, 2021 
   Shipping
Agency and
Management
Services		   Freight
Logistics
Services		   Container
Trucking
Services		   Others   Total 
Net revenues  $-   $953,194   $-   $-   $953,194 
Cost of revenues  $-   $1,098,922   $-   $-   $1,098,922 
Gross profit  $-   $(145,728)  $-   $-   $(145,728)
Depreciation and amortization  $88,407   $4,641   $-   $-   $93,048 
Total capital expenditures  $-   $-   $-   $922,438   $922,438 
Gross margin%   -%   (15.3)%   -%   -%   (15.3)%

   For the Three Months Ended March 31, 2020 
   Shipping
Agency and
Management
Services		   Freight
Logistics
Services		   Container
Trucking
Services		   Others   Total 
Net revenues  $500,000   $853,979*  $-   $-   $1,353,979 
Cost of revenues  $67,841   $821,266*  $-   $-   $889,107 
Gross profit  $432,159   $32,713   $-   $-   $464,872 
Depreciation and amortization  $79,732   $3,421   $-   $-   $83,153 
Total capital expenditures  $-   $-   $-   $-   $- 
Gross margin%   86.4%   3.8%   -%   -%   34.3%

* 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 March 31, 2020, gross revenues and gross cost of revenues related to these contracts amounted to approximately $2.0 million and $2.0 million, respectively. There was no such transaction for the three months ended March 31, 2021.

   For the Nine Months Ended March 31, 2021 
   Shipping
Agency and
Management
Services		   Freight
Logistics
Services		   Container
Trucking
Services		   Others   Total 
Net revenues  $206,845   $3,767,588   $-   $-   $3,974,433 
Cost of revenues  $176,968   $3,705,644   $-   $-   $3,882,612 
Gross profit  $29,877   $61,944   $-   $-   $91,821 
Depreciation and amortization  $246,485   $11,691   $-   $-   $258,176 
Total capital expenditures  $-   $-   $-   $922,438   $922,438 
Gross margin%   14.4%   1.6%   -%   -%   2.3%

   For the Nine Months Ended March 31, 2020 
   Shipping
Agency and
Management
Services		   Freight
Logistics
Services		   Container
Trucking
Services		   Others   Total 
Net revenues  $1,500,000   $3,599,620*  $61,709   $-   $5,161,329 
Cost of revenues  $230,248   $2,042,595*  $55,313   $-   $2,328,156 
Gross profit  $1,269,752   $1,557,025   $6,396   $-   $2,833,173 
Depreciation and amortization  $261,648   $7,704   $50,920   $-   $320,272 
Total capital expenditures  $6,979   $-   $-   $-   $6,979 
Gross margin%   84.7%   43.3%   10.4%   -%   54.9%

* 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 nine months ended March 31, 2020, gross revenues and gross cost of revenues related to these contracts amounted to approximately $24.0 million and $22.5 million, respectively. There was no such transaction for the nine months ended March 31, 2021.

Total assets as of:


   March 31,   June 30, 
   2021   2020 
Shipping Agency and Management Services  $49,610,687   $2,531,074 
Freight Logistic Services   3,833,588    3,176,165 
Container Trucking Services   21,862    30,863 
Others   922,438    - 
Total Assets  $54,388,575   $5,738,102 

The Company’s operations are primarily based in the PRC and U.S, where the Company derives all of their revenues. Management also review unaudited condensed consolidated financial results by business locations.


Disaggregated information of revenues by geographic locations are as follows:


   For the Three Months
Ended		   For the Nine Months
Ended		 
   March 31,   March 31,   March 31,   March 31, 
   2021   2020   2021   2020 
PRC  $953,194    853,979    3,767,588    3,599,620 
U.S.   -    500,000    206,845    1,561,709 
Total revenues  $953,194   $1,353,979   $3,974,433   $5,161,329