Accounts Receivable, Net

12 Months Ended

Jun. 30, 2021

Credit Loss, Additional Improvements [Abstract]

ACCOUNTS RECEIVABLE, NET

Note 4. ACCOUNTS RECEIVABLE, NET

The Company’s net accounts receivable are as follows:

	June 30,			June 30,
	2021			2020
Trade accounts receivable	$	3,589,011		$	3,453,439
Less: allowances for doubtful accounts		(3,475,769	)		(2,297,491	)
Accounts receivable, net	$	113,242		$	1,155,948

Movement of allowance for doubtful accounts are as follows:

	June 30,		June 30,
	2021		2020
Beginning balance	$	2,297,491	$	5,670,274
Provision for doubtful accounts, net of recovery		1,030,895		4,896,640
Less: write-off		-		(8,220,754	)
Exchange rate effect		147,383		(48,669	)
Ending balance	$	3,475,769	$	2,297,491

For the years ended June 30, 2021 and 2020, the provision for doubtful accounts was $1,033,407 and $4,996,606, respectively. The Company recovered $2,512 and $99,366 of accounts receivable for the years ended June 30, 2021 and 2020, respectively. The Company wrote off nil and $8,220,754 of accounts receivable for the years ended June 30, 2021 and 2020, respectively.