Other Long-Term Assets – Deposits, Net

6 Months Ended

Dec. 31, 2022

Disclosure Text Block Supplement [Abstract]

OTHER LONG-TERM ASSETS – DEPOSITS, NET

Note 8. OTHER LONG-TERM ASSETS – DEPOSITS, NET

The Company’s other long-term assets – deposits are as follows:

	December 31,			June 30,
	2022			2022
Rental and utilities deposits	$	249,162		$	246,581
Less: allowances for deposits		(8,564	)		(8,832	)
Other long-term assets- deposits, net	$	240,598		$	237,749

Movements of allowance for deposits are as follows:

	December 31,			June 30,
	2022			2022
Beginning balance	$	8,832		$	3,177,127
Less: Write-off		-			(3,173,408	)
Exchange rate effect		(268	)		5,113
Ending balance	$	8,564		$	8,832