XML 54 R43.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Income Taxes (Tables)
9 Months Ended
Mar. 31, 2024
Income Taxes [Abstract]  
Schedule of Income Tax Expenses The Company’s income tax expenses for three and nine months ended March 31, 2024 and 2023 are as follows:
   For the three months Ended
March 31
   For the nine months Ended
March 31
 
   2024   2023   2024   2023 
Current                
U.S.  $
-
   $
-
   $
-
   $103,426 
PRC   
-
    
-
    
-
    
-
 
Total income tax expenses   
-
    
-
    
-
    103,426 

 

Schedule of Deferred Tax Assets The Company’s deferred tax assets are comprised of the following:
   March 31,
2024
   June 30,
2023
 
Allowance for doubtful accounts        
U.S.  $1,241,000   $1,241,000 
PRC   1,660,000    1,655,000 
           
Net operating loss          
U.S.   9,720,000    8,775,000 
PRC   1,511,000    1,425,000 
Total deferred tax assets   14,132,000    13,096,000 
Valuation allowance   (14,132,000)   (13,096,000)
Deferred tax assets, net - long-term  $
-
   $
-
 
Schedule of Taxes Payable The Company’s taxes payable consists of the following:
   March 31,   June 30, 
   2024   2023 
VAT tax payable  $1,034,647   $1,016,529 
Corporate income tax payable   2,134,845    2,261,131 
Others   50,400    57,298 
Total  $3,219,892   $3,334,958