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Advances to Suppliers
6 Months Ended
Dec. 31, 2022
Advances to Suppliers [Abstract]  
ADVANCES TO SUPPLIERS

Note 6. ADVANCES TO SUPPLIERS

 

The Company’s advances to suppliers – third parties are as follows:

 

   December 31,   June 30, 
   2022   2022 
Freight fees (1)  $335,605   $336,540 
Less: allowances for credit losses   (300,000)   (300,000)
Advances to suppliers-third parties, net  $35,605   $36,540 

 

(1)The advanced freight fee is the Company’s prepayment made for various shipping costs for shipments from January 1, 2023 to March 31, 2023. As of December 31, 2022 and June 30, 2022, the Company provided allowance of $300,000.