XML 50 R29.htm IDEA: XBRL DOCUMENT v3.21.2
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Schedule of Sino-China's assets and liabilities
   June 30,   June 30, 
   2021   2020 
Current assets:        
Cash  $113,779   $5,022 
Total current assets   113,779    5,022 
           
Deposits   56    1,608 
Property and equipment, net   
-
    41,171 
Total assets  $113,835   $47,801 
           
Current liabilities:          
Other payables and accrued liabilities  $32,939   $39,919 
Total liabilities  $32,939   $39,919 

 

Schedule of translation of foreign currency exchange rates
   June 30, 
   2021   2020 
Foreign currency  Balance
Sheet
   Profits/Loss   Balance
Sheet
   Profits/Loss 
RMB:1USD   6.4586    6.6228    7.0651    7.0312 
AUD:1USD   1.3342    1.3403    1.4514    1.4924 
HKD:1USD   7.7661    7.7564    7.7505    7.7948 
CAD:1USD   1.2404    1.2830    1.3617    1.3421 

 

Schedule of estimated useful lives
Buildings  20 years  
Motor vehicles  3-10 years  
Computer and office equipment  1-5 years  
Furniture and fixtures  3-5 years  
System software  5 years  
Leasehold improvements  Shorter of lease term or useful lives  
Mining equipment  3 years  

 

Schedule of intangible assets estimated useful lives
Logistics platform  3 years  

 

Schedule of revenues by segments
   For the Years Ended 
   June 30,   June 30, 
   2021   2020 
Shipping and management agency services  $206,845   $2,105,651 
Freight logistics services   4,944,187    4,368,596 
Container trucking services   
-
    61,709 
Total  $5,151,032   $6,535,956 

 

Schedule of disaggregated information of revenues by geographic locations
   For the Years Ended 
   June 30,   June 30, 
   2021   2020 
PRC   4,921,022    4,368,596 
U.S.   230,010    2,167,360 
Total revenues  $5,151,032   $6,535,956