0001214659-18-007107.txt : 20181114 0001214659-18-007107.hdr.sgml : 20181114 20181114122249 ACCESSION NUMBER: 0001214659-18-007107 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 43 CONFORMED PERIOD OF REPORT: 20180930 FILED AS OF DATE: 20181114 DATE AS OF CHANGE: 20181114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IONIX TECHNOLOGY, INC. CENTRAL INDEX KEY: 0001528308 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 450713638 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-54485 FILM NUMBER: 181181931 BUSINESS ADDRESS: STREET 1: 4F, TEA TREE B BLDG, GUWU SANWEI IND PRK STREET 2: XIXIANG STREET, BAOAN DISTRICT, CITY: SHENZHEN, GUANGDONG PROVINCE, STATE: F4 ZIP: 518000 BUSINESS PHONE: 86-159 4540 0218 MAIL ADDRESS: STREET 1: 4F, TEA TREE B BLDG, GUWU SANWEI IND PRK STREET 2: XIXIANG STREET, BAOAN DISTRICT, CITY: SHENZHEN, GUANGDONG PROVINCE, STATE: F4 ZIP: 518000 FORMER COMPANY: FORMER CONFORMED NAME: CAMBRIDGE PROJECTS INC. DATE OF NAME CHANGE: 20110819 10-Q 1 i111018010q.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

☒ Quarterly Report PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2018

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period from to .

Commission File Number 000-54485

IONIX TECHNOLOGY, INC.

(Exact name of registrant as specified in its charter)

Nevada		45-0713638

(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

4F, Tea Tree B Building, Guwu Sanwei Industrial Park, Xixiang Street, Baoan District, Shenzhen, Guangdong Province, China 518000

(Address of principal executive offices) (Zip Code)

+86-138 8954 0873

(Registrant’s telephone number, including area code)

___________________________

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o.

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one)

	Large accelerated filer o	Accelerated filer o
	Non-accelerated filer o	Smaller reporting company x
	Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x.

As of November 14, 2018, there were 99,003,000 shares of common stock issued and outstanding, par value $0.0001 per share.

As of November 14, 2018, there were 5,000,000 shares of preferred stock issued and outstanding, par value $0.0001 per share.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information included in this Quarterly Report on Form 10-Q and other filings of the Registrant under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as well as information communicated orally or in writing between the dates of such filings, contains or may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements in this Quarterly Report on Form 10-Q, including without limitation, statements related to our plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from expected results. Among these risks, trends and uncertainties are the availability of working capital to fund our operations, the competitive market in which we operate, the efficient and uninterrupted operation of our computer and communications systems, our ability to generate a profit and execute our business plan, the retention of key personnel, our ability to protect and defend our intellectual property, the effects of governmental regulation, and other risks identified in the Registrant’s filings with the Securities and Exchange Commission from time to time.

In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of such terms or other comparable terminology. Although the Registrant believes that the expectations reflected in the forward-looking statements contained herein are reasonable, the Registrant cannot guarantee future results, levels of activity, performance or achievements. Moreover, neither the Registrant, nor any other person, assumes responsibility for the accuracy and completeness of such statements. The Registrant is under no duty to update any of the forward-looking statements contained herein after the date of this Quarterly Report on Form 10-Q.

IONIX TECHNOLOGY, INC.

FORM 10-Q

SEPTEMBER 30, 2018

INDEX

		Page
Part I – Financial Information		F-1

Item 1.	Financial Statements (Unaudited)	F-1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operation	12
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	16
Item 4.	Controls and Procedures	17

Part II – Other Information		17

Item 1.	Legal Proceedings	17
Item 1A.	Risk Factors	18
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	18
Item 3.	Defaults Upon Senior Securities	18
Item 4.	Mine Safety Disclosures	18
Item 5.	Other Information	18
Item 6.	Exhibits	19

Signatures		20

Certifications

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements.

INDEX	F-1
Consolidated Balance Sheets as of September 30, 2018 and June 30, 2018 (Unaudited)	F-2
Consolidated Statements of Comprehensive Income (Loss) for the Three Months Ended September 30, 2018 and 2017 (Unaudited)	F-3
Consolidated Statements of Cash Flows for the Three Months Ended September 30, 2018 and 2017 (Unaudited)	F-4
Notes to Consolidated Financial Statements (Unaudited)	F-5

F-1

IONIX TECHNOLOGY, INC.

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

	September 30, 2018		June 30, 2018
ASSETS
Current Assets:
Cash	$	304,583	$	111,462
Accounts receivable - non-related parties		464,553		636,413
- related parties		-		119,543
Inventory		507,440		226,839
Advances to suppliers - non-related parties		2,257		3,164
- related parties		268,388		206,194
Prepaid expenses and other current assets		29,981		20,592
Total Current Assets		1,577,202		1,324,207
Total Assets	$	1,577,202	$	1,324,207

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable - non-related parties	$	110,275	$	264,171
- related parties		399,522		248,543
Advance from customers		34,117		59,546
Due to related parties		349,829		212,557
Accrued expenses and other current liabilities		105,265		125,733
Total Current Liabilities		999,008		910,550

Deferred tax liability		10,548		15,242
Total Liabilities		1,009,556		925,792

COMMITMENT AND CONTINGENCIES

Stockholders’ Equity:
Preferred stock, $.0001 par value, 5,000,000 shares authorized, 5,000,000 shares issued and outstanding		500		500
Common stock, $.0001 par value, 195,000,000 shares authorized, 99,003,000 shares issued and outstanding		9,900		9,900
Additional paid in capital		237,246		237,246
Retained earnings		319,972		142,819
Accumulated other comprehensive income		28		7,950
Total Stockholders’ Equity		567,646		398,415
Total Liabilities and Stockholders’ Equity	$	1,577,202	$	1,324,207

The accompanying notes are an integral part of these consolidated financial statements.

F-2

IONIX TECHNOLOGY, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(UNAUDITED)

	For the Three Months Ended
	September 30,
	2018			2017

Revenues - Non-related parties	$	2,475,050		$	381,541
Revenues - Related parties		93,838			-
Total Revenues		2,568,888			381,541

Cost of revenues - Non-related parties		499,912			48,932
- Related parties		1,779,811			271,651
Total Cost of Revenues		2,279,723			320,583

Gross profit		289,165			60,958

Operating expenses
Selling, general and administrative expense		62,989			69,553
Total operating expenses		62,989			69,553

Income (loss) from operations		226,176			(8,595	)

Other income		1,403			-

Income (loss) before income tax		227,579			(8,595	)

Income tax		50,426			1,609

Net income (loss)		177,153			(10,204	)

Other comprehensive income (loss)
Foreign currency translation adjustment		(7,922	)		3,688

Comprehensive income (loss)	$	169,231		$	(6,516	)


Income (Loss) Per Share - Basic and Diluted	$	0.00		$	(0.00	)
Weighted average number of common shares outstanding - Basic and Diluted		99,003,000			99,003,000

The accompanying notes are an integral part of these consolidated financial statements.

F-3

IONIX TECHNOLOGY, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	For the three months Ended
	September 30,
	2018			2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$	177,153		$	(10,204	)
Adjustments required to reconcile net income (loss) to net cash provided by (used in) operating activities:
Deferred taxes		(4,555	)		-
Changes in operating assets and liabilities:
Accounts receivable - non related parties		165,960			293,992
Accounts receivable - related parties		118,902			-
Inventory		(284,534	)		(221,917	)
Advances to suppliers - non-related parties		878			117,348
Advances to suppliers - related parties		(64,737	)		(88,375	)
Prepaid expenses		(9,530	)		(7,501	)
Accounts payable - non-related parties		(151,889	)		12,137
Accounts payable - related parties		154,452			(155,528	)
Advance from customers		(24,927	)		(5,029	)
Accrued expenses and other current liabilities		(19,564	)		(60,514	)
Net cash provided by (used in) operating activities		57,609			(125,591	)

CASH FLOWS FROM INVESTING ACTIVITIES
Other receivables		-			148,947
Net cash provided by investing activities		-			148,947

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from (repayment of) loans from related parties		137,292			(136,600	)
Net cash provided by (used in) financing activities		137,292			(136,600	)

Effect of exchange rate changes on cash		(1,780	)		1,961

Net increase (decrease) in cash		193,121			(111,283	)

Cash, beginning of period		111,462			186,767

Cash, end of period	$	304,583		$	75,484

Supplemental disclosure of cash flow information:
Cash paid for income tax	$	70,558		$	1,951
Cash paid for interests	$	-		$	-

The accompanying notes are an integral part of these consolidated financial statements.

F-4

IONIX TECHNOLOGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2018

(UNAUDITED)

NOTE 1 - NATURE OF OPERATIONS

Ionix Technology, Inc. (the “Company” or “Ionix”) is a Nevada corporation that was formed on March 11, 2011. By and through its wholly owned subsidiaries in China, the Company sells the high-end intelligent electronic equipment, which includes portable power banks for electronic devices and LCD screens in China.

NOTE 2 - GOING CONCERN

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has not generated sufficient cash flow from its operating activities for the past three years and did not have enough cash to support future operating plans. These circumstances, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The Company may need to raise additional capital from external sources or obtain loans from officers and shareholders in order to continue the long-term efforts contemplated under its business plan. The Company is pursuing other revenue streams which could include strategic acquisitions or possible joint ventures of other business segments.

NOTE 3 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of September 30, 2018 and the results of operations and cash flows for the periods ended September 30, 2018 and 2017. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results for the three months ended September 30, 2018 are not necessarily indicative of the results to be expected for any subsequent periods or for the entire year ending June 30, 2019. The balance sheet at June 30, 2018 has been derived from the audited financial statements at that date.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission's rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended June 30, 2018 as included in our Annual Report on Form 10-K as filed with the SEC on October 11, 2018.

Basis of consolidation

The consolidated financial statements include the accounts of Ionix Technology Inc. and its subsidiaries: Well Best International Investment Limited (“Well Best”), Welly Surplus International Limited (“Welly Surplus”), Lisite Science Technology (Shenzhen) Co., Ltd (“Lisite Science”), Shenzhen Baileqi Electronic Technology Co., Ltd. (“Baileqi Electronic”), Changchun Fangguan Photoelectric Display Technology Co. Ltd. (“Fangguan Photoelectric”) and Dalian Shizhe New Energy Technology Co., Ltd (“Shizhe New Energy”). All significant inter-company balances and transactions have been eliminated upon consolidation.

Revenue recognition

The Company adopted the new accounting standard, ASC 606, Revenue from Contracts with Customers, and all the related amendments (new revenue standard) to all contracts using the modified retrospective method beginning on July 1, 2018. The adoption will not result in an adjustment to the retained earnings as of June 30, 2018. The comparative information will not be restated and will continue to be reported under the accounting standards in effect for those periods. The adoption of the new revenue standard will have no impact on either reported sales to customers or net earnings. The Company will continue to recognize revenue from product sales as goods are shipped or delivered to the customer, as control of goods occurs at the same time.

F-5

Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of comprehensive income (loss).

The reporting currency of the Company is the United States Dollar (“US$”). The Company’s subsidiaries in the People’s Republic of China (“PRC”) maintain their books and records in their local currency, the Renminbi Yuan (“RMB”), which is the functional currency as being the primary currency of the economic environment in which these entities operate.

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. Stockholders’ equity is translated at historical rates. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statements of stockholders’ equity.

The exchange rates used to translate amounts in RMB into U.S. Dollars for the purposes of preparing the consolidated financial statements are as follows:

	September 30, 2018		June 30, 2018

Balance sheet items, except for equity accounts		6.6879		6.6166

		Three Months Ended September 30,
		2018		2017

Items in statements of comprehensive income (loss) and cash flows		6.6523		6.7138

Recent accounting pronouncements

From time to time, new accounting pronouncements are issues by the Financial Accounting Standards Board or other standard bodies that may have an impact on the Company’s accounting and reporting. The Company believes that any recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations, and cash flows when implemented.

NOTE 4 - INVENTORIES

Inventories are stated at the lower of cost (determined using the weighted average cost method) or net realizable value.

	September 30, 2018		June 30, 2018

Raw materials	$	109,926	$	105,879
Finished goods		397,514		120,960
Total inventories	$	507,440	$	226,839

Inventories consist of the following:

F-6

NOTE 5 - RELATED PARTY TRANSACTIONS AND BALANCES

Manufacture – related party

On September 1, 2016, Baileqi Electronic entered into a manufacturing agreement with Shenzhen Baileqi Science and Technology Co., Ltd. (“Shenzhen Baileqi S&T”) to manufacture products for Baileqi Electronic. The owner of Shenzhen Baileqi S&T is also a stockholder of the Company who owns approximately 1.5% of the Company’s outstanding common stock as of September 30, 2018. The manufacturing costs incurred with Shenzhen Baileqi S&T was $0 and $192,103 for the three months ended September 30, 2018 and 2017, respectively, and the amount of $0 and $44,167 respectively were included in cost of revenue.

Purchase from related party

During the three months ended September 30, 2018, the Company purchased $676,379 and $450,505 from Keenest and Shenzhen Baileqi S&T which were owned by the Company’s stockholders who own approximately 2% and 1.5% respectively of the Company’s outstanding common stock as of September 30, 2018. The amount of $676,379 and $340,026 were included in the cost of revenue.

During the three months ended September 30, 2017, the Company purchased $63,645 and $174,465 from Keenest and Shenzhen Baileqi S&T which were owned by the Company’s stockholders who own approximately 2% and 1.5% respectively of the Company’s outstanding common stock. The amount of $63,645 and $163,839 were included in the cost of revenue.

During the three months ended September 30, 2018, the Company purchased $792,282 from Fangguan Electronic Science and Technology Co., Ltd. (“Fangguan S&T”). The president of Fangguan S&T was the president and a member of the board of directors of Fangguan Photoelectric before he resigned and left Fangguan Photoelectric in October 2018. The amount of $763,406 was included in the cost of revenue.

Advances to suppliers - related parties

The Company made advances of $268,388 and $206,194 to Keenest for future purchases as of September 30, 2018 and June 30, 2018, respectively.

Accounts payable - related parties

The trade balance payable to Fangguan S&T was $367,779 and $248,543 as of September 30, 2018 and June 30, 2018, respectively. The trade balance payable to Shenzhen Baileqi S&T were $31,743 and $0 as of September 30, 2018 and June 30, 2018, respectively.

Sales to related party

During the three months ended September 30, 2018, Baileqi Electronic sold materials of $93,838 to Shenzhen Baileqi S&T.

Accounts receivable - related parties

The sales-related balance receivable from Shenzhen Baileqi S&T were zero and $119,543 as of September 30, 2018 and June 30, 2018, respectively.

Due to related parties

Due to related parties represents certain advances to the Company or its subsidiaries by related parties. The amounts are non-interest bearing, unsecured and due on demand.

F-7

Due to related parties consists of the following:

	September 30, 2018		June 30, 2018
Ben Wong (1)	$	143,792	$	143,792
Yubao Liu (2)		196,839		70,458
Xin Sui (3)		1,992		1,992
Baozhen Deng (4)		4,216		(3,685	)
Baozhu Deng (5)		2,990		-
	$	349,829	$	212,557

(1) Ben Wong was the controlling shareholder of Shinning Glory until April 20, 2017, which holds majority shares in Ionix Technology, Inc.

(2) Yubao Liu is the controlling shareholder of Shinning Glory since April 20, 2017, which holds majority shares in Ionix Technology, Inc.

(3) Xin Sui is a member of the board of directors of Welly Surplus.

(4) Baozhen Deng is a stockholder of the Company, who owns approximately 1.5% of the Company’s outstanding common stock, and the owner of Shenzhen Baileqi S&T.

(5) Baozhu Deng is a relative of Baozhen Deng, a stockholder of the Company.

During the three months ended September 30, 2018, Yubao Liu advanced $126,381 to Well Best. Baileqi Electronic borrowed $2,990 from Baozhu Deng. In addition, Baozhen Deng refunded $7,903 to Baileqi Electronic.

During the three months ended September 30, 2017, Welly Surplus refunded $5,000 to Xin Sui. Baileqi Electronic refunded $7,671 to Shenzhen Baileqi S&T. Lisite Science refunded $122,820 to Changyong Yang.

NOTE 6 - CONCENTRATION

Major customers

Customers who accounted for 10% or more of the Company’s revenues for the three months ended September 30, 2018 and 2017 respectively and its outstanding balance of accounts receivable as of September 30, 2018 and 2017 respectively are presented as follows:

	For the three months ended September 30, 2018					As of September 30, 2018
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	738,893		29	%	$	-		-	%
Customer B		1,028,423		40	%		272,761		59	%
Total	$	1,767,316		69	%	$	272,761		59	%

	For the three months ended September 30, 2017					As of September 30, 2017
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	65,637		17	%	$	-		-	%
Customer B		91,692		24	%		-		-	%
Customer C		45,514		12	%		-		-	%
Total	$	202,843		53	%	$	-		-	%

F-8

All customers are located in the PRC.

Major suppliers

The suppliers who accounted for 10% or more of the Company’s total purchases (materials and services) for the three months ended September 30, 2018 and 2017 respectively and its outstanding balance of accounts payable as of September 30, 2018 and 2017 respectively are presented as follows:

	For the three months ended September 30, 2018					As of September 30, 2018
	Total Purchase		Percentage of total purchase			Accounts payable		Percentage of accounts payable

Supplier A - related party	$	676,379		26	%	$	-		-	%
Supplier B - related party		450,505		18	%		31,743		6	%
Supplier C - related party		792,282		31	%		367,779		72	%
Supplier D		536,708		21	%		-		-	%
Total	$	2,455,874		96	%	$	399,522		78	%

	For the three months ended September 30, 2017					As of September 30, 2017
	Total Purchase		Percentage of total purchase			Accounts payable		Percentage of accounts payable

Supplier A - related party	$	63,645		12	%	$	-		-	%
Supplier B - related party		366,568		68	%		5,828		5	%
Total	$	430,213		80	%	$	5,828		5	%

All suppliers of the Company are located in the PRC.

NOTE 7 - INCOME TAXES

The effective tax rate in the periods presented is the result of the mix of income earned and losses incurred in various tax jurisdictions that apply a broad range of income tax rate. The Company operates in various countries: United States of America, Hong Kong and the PRC that are subject to taxes in the jurisdictions in which they operate, as follows:

United States of America

The Company is registered in the State of Nevada and is subject to the tax laws of United States of America.

The Company has shown losses since inception. As a result, it has incurred no income tax. Under normal circumstances, the Internal Revenue Service is authorized to audit income tax returns during a three year period after the returns are filed. In unusual circumstances, the period may be longer. Tax returns for the year ended June 30, 2011 and after were still open to audit as of September 30, 2018.

The Company received a penalty assessment from the IRS in the amount of $10,000 for failure to provide information with respect to certain foreign owned US Corporations on Form 5472 - Information Return of a 25% Foreign Owned US Corporation for the tax period ended June 30, 2013. The Company disputed this claim and is working to reverse the penalty. The Company believes that the payment of this penalty is remote and did not accrue this liability as of September 30, 2018.

F-9

Hong Kong

The Well Best and Welly Surplus are registered in Hong Kong and subject to income tax rate of 16.5%. for the three months ended September 30, 2018 and 2017, there is no assessable income chargeable to profit tax in Hong Kong.

The PRC

Lisite Science, Fangguan Photoelectric, Baileqi Electronic and Shizhe New Energy are operating in the PRC and is subject to the Corporate Income Tax Law of the People’s Republic of China at a unified income tax rate of 25%.

The reconciliation of income tax expense at the U.S. statutory rates of 21% and 35% to the Company’s effective tax rate is as follows:

	For the three months ended September 30,
	2018			2017
	21%			35%
Tax at U.S. statutory rate	$	47,792		$	(3,008	)
Tax rate difference between foreign operation and U.S.		(1,408	)		1,125
Change in valuation allowance		2,424			3,492
Permanent difference		1,618			-
Effective tax	$	50,426		$	1,609

The provisions for income taxes are summarized as follows:

	For the three months ended September 30,
	2018		2017
Current	$	54,981	$	1,609
Deferred		(4,555)		-
Total	$	50,426	$	1,609

As of September 30, 2018, the Company has approximately $388,000 net operating loss carryforwards available in the U.S. and Hong Kong to reduce future taxable income which will begin to expire from 2035. It is more likely than not that the deferred tax assets cannot be utilized in the future because there will not be significant future earnings from the entity which generated the net operating loss. Therefore, the Company recorded a full valuation allowance on its deferred tax assets.

The Company has not provided deferred taxes on unremitted earnings attributable to international companies that have been considered to be reinvested indefinitely. Because of the availability of U.S. foreign tax credits, it is not practicable to determine the income tax liability that would be payable if such earnings were not indefinitely reinvested. In accordance with ASC Topic 740, interest associated with unrecognized tax benefits is classified as income tax and penalties are classified in selling, general and administrative expenses in the statements of operations.

The extent of the Company’s operations involves dealing with uncertainties and judgments in the application of complex tax regulations in a multitude of jurisdictions. The final taxes paid are dependent upon many factors, including negotiations with taxing authorities in various jurisdictions and resolution of disputes arising from federal, state and international tax audits. The Company recognizes potential liabilities and records tax liabilities for anticipated tax audit issues in the United States and other tax jurisdictions based on its estimate of whether, and the extent to which, additional taxes will be due.

The U.S. Tax Cuts and Jobs Act (Tax Act) was enacted on December 22, 2017 and introduces significant changes to U.S. income tax law. Effective in 2018, the Tax Act reduces the U.S. statutory tax rate from 35% to 21% and creates new taxes on certain foreign-sourced earnings and certain related-party payments, which are referred to as the global intangible low-taxed income tax and the base erosion tax, respectively. The Tax Act requires the Company to pay U.S. income taxes on accumulated foreign subsidiary earnings not previously subject to U.S. income tax at a rate of 15.5% to the extent of foreign cash and certain other net current assets and 8% on the remaining earnings. Since the Company’s foreign subsidiaries had not generated accumulated earnings as of December 31, 2017, the Company believes that Tax Act will not have significant impact on the Company’s consolidated financial statements.

F-10

NOTE 8 - SUBSEQUENT EVENTS

The Company has evaluated the existence of significant events subsequent to the balance sheet date through the date the financial statements were issued and has determined that there were no subsequent events or transactions which would require recognition or disclosure in the financial statements.

END NOTES TO FINANCIAL STATEMENTS

F-11

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following Management's Discussion and Analysis should be read in conjunction with Ionix Technology, Inc.’s. financial statements and the related notes thereto. The Management's Discussion and Analysis contains forward-looking statements that involve risks and uncertainties, such as statements of our plans, objectives, expectations and intentions. Any statements that are not statements of historical fact are forward-looking statements. When used, the words “believe,” “plan,” “intend,” “anticipate,” “target,” “estimate,” “expect,” and the like, and/or future-tense or conditional constructions (“will,” “may,” “could,” “should,” etc.), or similar expressions, identify certain of these forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements in this Report on Form 10-Q. The Company’s actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this Report on Form 10-Q.

The following discussion should be read in conjunction with our unaudited consolidated financial statements and related notes and other financial data included elsewhere in this report. See also the notes to our consolidated financial statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in our Annual Report on Form 10-K for the year ended June 30, 2018, filed with the Commission on October 11, 2018.

Results of Operations for the three months ended September 30, 2018 and 2017

Revenue

During the three months ended September 30, 2018 and 2017, revenue was $2,568,888 and $381,541 respectively.

The total revenues increased by 573% from the three months ended September 30, 2017 to three months ended September 30, 2018.

The increase in revenue was attributed to our expanded operations in the fields of LCD screens in the PRC during the three months ended September 30, 2018.

Cost of Revenue

Cost of revenue included the cost of raw materials and finished products purchased and the sub- contracting processing fee paid to the processing factories which were owned by our shareholders, pursuant to the manufacturing agreement between the Company’s subsidiaries in PRC and processing factories.

During the three months ended September 30, 2018, cost of revenue was $499,912 for non-related parties and $1,779,811 for related parties. In comparison, during the three months ended September 30, 2017, cost of revenue was $48,932 for non-related parties and $271,651 for related parties. The total cost of revenues increased by 611% from the three months ended September 30, 2017 to three months ended September 30, 2018.

The increase in cost of revenue was attributed to our expanded operations in the fields of LCD screens in the PRC during the three months ended September 30, 2018.

Gross Profit

During the three months ended September 30, 2018 and 2017, gross profit was $289,165 and $60,958, respectively. Our gross profit margin maintained at 11% during the three months ended September 30, 2018. Our gross profit margin maintained at 16% during the three months ended September 30, 2017, and decreased to 11% in October 2017 and has maintained at this level up to the present.

The decrease can be attributed to the sharp price increase of raw material (glass and quartz, etc.) that occurred at the end of September 2017.

Selling, General and Administrative Expenses

During the three months ended September 30, 2018 and 2017, selling, general and administrative expenses were $62,989, and $69,553, respectively. Our selling, general and administrative expenses mainly comprised of payroll expenses, transportation, office expense, professional fees, freight and shipping costs, rent, and other miscellaneous expenses. The difference can be attributed to the stricter practices for cost control in operating expenses during the three months ended September 30, 2018.

Net Income (Loss)

During the three months ended September 30, 2018 and 2017, our net income ( loss ) was $177,153 and $(10,204), respectively. The difference can be attributed to the increase in gross profit and the strict cost control in operating expenses during the three months ended September 30, 2018.

Liquidity and Capital Resources

Cash Flow from Operating Activities

During the three months ended September 30, 2018, the Company received cash of $57,609 in operating activities compared with cash used by operating activities of $125,591 in the same period in 2017. The change was mainly due to an increase in cash inflows of $182,802 from net income and non-cash items.

Cash Flow from Investing Activities

During the three months ended September 30, 2018 and 2017, net cash provided by investing activities was $NIL and $148,947, respectively.

Cash Flow from Financing Activities

During the three months ended September 30, 2018, the Company received $137,292 in cash for financing activities, which was all due to proceeds from related party loans. In comparison, during the three months ended September 30, 2017, the Company used $136,600 in cash from financing activities, all of which was attributable to repayment of the related party loans.

As of September 30, 2018, we have a working capital of $578,194.

Our total current liabilities as of September 30, 2018 was $999,008 and consists primarily of accounts payables for related and non-related parties of $399,522 and $110,275 respectively, advances from customers of $34,117, amount due to related parties of $349,829, and accrued expenses and other current liabilities of $105,265. Our Company’s President is committed to providing for our minimum working capital needs for the next 12 months, and we do not expect previous loan amounts to be payable for the next 12 months. However, we do not have a formal agreement that states any of these facts. The remaining balance of our current liabilities relates to audit and consulting fees and such payments are due on demand and we expect to settle such amounts on a timely basis based upon shareholder loans to be granted to us in the next 12 months.

Future Financings

We will not consider taking on any long-term or short-term debt from financial institutions in the immediate future. We are dependent upon our director and the major shareholder to provide continued funding and capital resources. If continued funding and capital resources are unavailable at reasonable terms, we may not be able to implement our plan of operations. The financial statements do not include any adjustments related to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Critical Accounting Policies

We believe the following accounting policies are the most critical to aid you in fully understanding and evaluating this management discussion and analysis.

Revenue recognition

Comprehensive income

ASC Topic 220, “Comprehensive Income”, establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income as defined includes all changes in equity during a period from non-owner sources. Accumulated other comprehensive income, as presented in the accompanying consolidated statement of stockholders’ equity, consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit.

Accounts receivable

Accounts receivable are recorded at the invoiced amount and do not bear interest, which are due within contractual payment terms, generally 30 to 90 days from shipment. Credit is extended based on evaluation of a customer's financial condition, the customer’s credit-worthiness and their payment history. Accounts receivable outstanding longer than the contractual payment terms are considered past due. Past due balances over 90 days and over a specified amount are reviewed individually for collectability. At the end of each period, the Company specifically evaluates individual customer’s financial condition, credit history, and the current economic conditions to monitor the progress of the collection of accounts receivables. The Company will consider the allowance for doubtful accounts for any estimated losses resulting from the inability of its customers to make required payments. For the receivables that are past due or not being paid according to payment terms, the appropriate actions are taken to exhaust all means of collection, including seeking legal resolution in a court of law. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off-balance-sheet credit exposure related to its customers. Based on the evaluation, the Company has determined that no allowance for doubtful accounts is required as of September 30, 2018 and June 30, 2018, respectively.

Use of Estimates

The Company’s consolidated financial statements have been prepared in accordance with US GAAP. This requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenue and expenses during the reporting period. The significant areas requiring the use of management estimates include, but are not limited to, the allowance for doubtful accounts receivable, estimated useful life of intangible assets, provision for staff benefits, recognition and measurement of deferred income taxes and valuation allowance for deferred tax assets. Although these estimates are based on management’s knowledge of current events and actions management may undertake in the future, actual results may ultimately differ from those estimates and such differences may be material to our consolidated financial statements.

Foreign currencies translation

The reporting currency of the Company is the United States Dollar ("US$"). The Company's subsidiaries in the People’s Republic of China (“PRC”) maintain their books and records in their local currency, the Renminbi Yuan ("RMB"), which is the functional currency as being the primary currency of the economic environment in which these entities operate.

The exchange rates used to translate amounts in RMB into U.S. Dollars for the purposes of preparing the consolidated financial statements are as follows:

	September 30, 2018		June 30, 2018

Balance sheet items, except for equity accounts		6.6879		6.6166

	Three Months Ended September 30,
	2018		2017

Items in statements of comprehensive income (loss) and cash flows		6.6523		6.7138

Recently Issued Accounting Pronouncements

There were no recent accounting pronouncements that have or will have a material effect on the Company’s financial position or results of operations.

Contractual Obligations

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 4.

CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by our company in the reports that it files or submits under the Exchange Act is accumulated and communicated to our management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our management carried out an evaluation under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 ("Exchange Act"). Based upon that evaluation, our Principal Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures were not effective as of September 30, 2018.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting subsequent to the fiscal year ended June 30, 2018, which were identified in connection with our management’s evaluation required by paragraph (d) of rules 13a-15 and 15d-15 under the Exchange Act, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

The Company is not required by current SEC rules to include, and does not include, an auditor's attestation report. The Company's registered public accounting firm has not attested to Management's reports on the Company's internal control over financial reporting.

Limitations of the Effectiveness of Disclosure Controls and Internal Controls

Our management, including our Principal Executive Officer and Principal Financial Officer, does not expect that our disclosure controls and internal controls will prevent all error and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of a simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control.

The design of any system of controls is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving our stated goals under all potential future conditions; over time, a control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

PART II - OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS

From time to time, the Company may become subject to various legal proceedings that are incidental to the ordinary conduct of its business. Although the Company cannot accurately predict the amount of any liability that may ultimately arise with respect to any of these matters, it makes provision for potential liabilities when it deems them probable and reasonably estimable. These provisions are based on current information and legal advice and may be adjusted from time to time according to developments.

We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.

ITEM 1A.

RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.

MINE SAFETY DISCLOSURES

N/A.

ITEM 5.

OTHER INFORMATION

None.

ITEM 6.

EXHIBITS

Exhibit
Number	Description of Exhibit
3.01a	Articles of Incorporation, dated March 11, 2011	Filed with the SEC on October 13, 2017 as part of our Annual Report on Form 10-K
3.01b	Certificate of Amendment to Articles of Incorporation, dated August 7, 2014	Filed with the SEC on September 3, 2014 as part of our Current Report on Form 8-K
3.01c	Certificate of Amendment to Articles of Incorporation, dated December 3, 2015	Filed with the SEC on December 10, 2015 as part of our Current Report on Form 8-K
3.02a	Bylaws	Filed with the SEC on August 23, 2011 as an exhibit to our Registration Statement on Form 10.
3.02b	Amended Bylaws, dated August 7, 2014	Filed with the SEC on September 3, 2014 as part of our Current Report on Form 8-K
10.01	Stock Purchase Agreement between Locksley Samuels and Shining Glory Investments Limited, dated November 20, 2015	Filed with the SEC on November 23, 2015 as part of our Current Report on Form 8-K
10.02	Manufacturing Agreement, dated as of August 19, 2016, by and between Jiangxi Huanming Technology Limited Company and XinyuIonix Technology Company Limited.	Filed with the SEC on August 24, 2016 as part of our Current Report on Form 8-K
10.03	Share Transfer Agreement, dated as of August 19, 2016, by and between GuoEn Li and Well Best International Investment Limited	Filed with the SEC on August 24, 2016 as part of our Current Report on Form 8-K
21.1	List of Subsidiaries	Filed with the SEC on May 14, 2018 as part of our Quarterly Report on Form 10-Q
31.01	Certification of Principal Executive Officer Pursuant to Rule 13a-14	Filed herewith.
31.02	Certification of Principal Financial Officer Pursuant to Rule 13a-14	Filed herewith.
32.01	CEO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith.
32.02	CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith.
101.INS*	XBRL Instance Document	Filed herewith.
101.SCH*	XBRL Taxonomy Extension Schema Document	Filed herewith.
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document	Filed herewith.
101.LAB*	XBRL Taxonomy Extension Labels Linkbase Document	Filed herewith.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document	Filed herewith.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document	Filed herewith.

*Pursuant to Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Ionix Technology, Inc.

Date: November 14, 2018	By:	/s/ Yubao Liu
	Name: Doris Zhou Title: Chief Executive Officer and Director (Principal Executive Officer)

Date: November 14, 2018

By:

/s/ Yue Kou

Name: Yue Kou

Title: Chief Financial Officer

(Principal Financial Officer)

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Date: November 14, 2018

By:

/s/ Yubao Liu

Name: Yubao Liu

Title: Chief (Principal) Executive Officer, Secretary, Treasurer and Director

Date: November 14, 2018

By:

/s/ Yue Kou

Name: Yue Kou

Title: Chief (Principal) Financial Officer

Date: November 14, 2018,

By:

/s/ Chunde Song

Name: Chunde Song

Title: Director

EX-31.01 2 ex31_01.htm EXHIBIT 31.01

EXHIBIT 31.01

CERTIFICATION OF

PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO SECTION 302(a) OF THE SARBANES-OXLEY ACT OF 2002

I, Yubao Liu, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of the Registrant for the period ended September 30, 2018;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4. As the Registrant’s certifying officer, I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. As the Registrant’s certifying officer, I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant auditors and the audit committee of the Registrant’s Board of Directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

	Ionix Technology, Inc.

Date: November 14, 2018	By:	/s/ Yubao Liu
	Name:	Yubao Liu
	Title:	Chief (Principal) Executive Officer

EX-31.02 3 ex31_02.htm EXHIBIT 31.02

EXHIBIT 31.02

CERTIFICATION OF

PRINCIPAL ACCOUNTING OFFICER

PURSUANT TO SECTION 302(a) OF THE SARBANES-OXLEY ACT OF 2002

I, Yue kou, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of the Registrant for the period ended September 30, 2018;

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Ionix Technology, Inc.

Date: November 14, 2018

By:

/s/ Yue Kou

Name: Yue Kou

Title: Chief (Principal) Accounting and Financial Officer

EX-32.01 4 ex32_01.htm EXHIBIT 32.01

EXHIBIT 32.01

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Yubao Liu, the Chief Executive Officer of Ionix Technology, Inc., certify, under the standards set forth and solely for the purposes of 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge, the Quarterly Report on Form 10-Q of the Registrant for the period ended September 30, 2018, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and information contained in that Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

	Ionix Technology, Inc.
Date: November 14, 2018
	By:	/s/ Yubao Liu
	Name: Yubao Liu Title: Chief (Principal) Executive Officer

A signed original of this written statement required by Section 906 has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.02 5 ex32_02.htm EXHIBIT 32.02

EXHIBIT 32.02

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Yue Kou, the Chief Accounting and Financial Officer of Ionix Technology, Inc., certify, under the standards set forth and solely for the purposes of 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge, the Quarterly Report on Form 10-Qof the Registrant for the period ended September, 2018, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and information contained in that Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date: November 14, 2018	Ionix Technology, Inc.

	By:	/s/ Yue Kou
	Name: Yue Kou Title: Chief (Principal) Accounting and Financial Officer

EX-101.INS 6 iinx-20180930.xml XBRL INSTANCE FILE 0001528308 2018-07-01 2018-09-30 0001528308 us-gaap:CommonStockMember 2018-11-14 0001528308 us-gaap:PreferredStockMember 2018-11-14 0001528308 2017-06-30 0001528308 2018-09-30 0001528308 2018-06-30 0001528308 2017-07-01 2017-09-30 0001528308 iinx:NonRelatedPartiesMember 2017-07-01 2017-09-30 0001528308 iinx:NonRelatedPartiesMember 2018-07-01 2018-09-30 0001528308 2017-09-30 0001528308 iinx:RelatedParties1Member 2018-07-01 2018-09-30 0001528308 iinx:RelatedParties1Member 2017-07-01 2017-09-30 0001528308 iinx:BalanceSheetMember 2018-09-30 0001528308 iinx:BalanceSheetMember 2018-06-30 0001528308 iinx:IncomeAndCashFlowMember 2018-09-30 0001528308 iinx:IncomeAndCashFlowMember 2017-09-30 0001528308 iinx:BenWongMember 2018-09-30 0001528308 iinx:BenWongMember 2018-06-30 0001528308 iinx:YubaoLiuMember 2018-09-30 0001528308 iinx:YubaoLiuMember 2018-06-30 0001528308 iinx:XinSuiMember 2018-09-30 0001528308 iinx:XinSuiMember 2018-06-30 0001528308 iinx:BaozhenDengMember 2018-09-30 0001528308 iinx:BaozhenDengMember 2018-06-30 0001528308 iinx:BaozhuDengMember 2018-09-30 0001528308 iinx:BaozhuDengMember 2018-06-30 0001528308 iinx:XinSuiMember iinx:WellySurplusInternationalLimitedMember 2017-07-01 2017-09-30 0001528308 iinx:ShenzhenBaileqiSAndTMember iinx:BaileqiElectronicMember 2017-07-01 2017-09-30 0001528308 iinx:ChangyongYangMember iinx:LisiteScienceMember 2017-07-01 2017-09-30 0001528308 iinx:KeenestMember 2018-07-01 2018-09-30 0001528308 iinx:KeenestMember 2017-07-01 2017-09-30 0001528308 iinx:ShenzhenBaileqiSAndTMember 2018-07-01 2018-09-30 0001528308 iinx:ShenzhenBaileqiSAndTMember 2017-07-01 2017-09-30 0001528308 iinx:KeenestMember 2018-09-30 0001528308 iinx:ShenzhenBaileqiSAndTMember 2018-09-30 0001528308 iinx:ShenzhenBaileqiSAndTMember 2018-06-30 0001528308 iinx:ChangchunFangguanElectronicScienceAndTechnologyCoLtdMember 2018-07-01 2018-09-30 0001528308 us-gaap:AccountsReceivableMember iinx:CustomerOneMember 2018-09-30 0001528308 us-gaap:AccountsReceivableMember iinx:CustomerTwoMember 2018-09-30 0001528308 us-gaap:AccountsReceivableMember 2018-09-30 0001528308 us-gaap:AccountsReceivableMember iinx:CustomerOneMember 2017-09-30 0001528308 us-gaap:AccountsReceivableMember iinx:CustomerTwoMember 2017-09-30 0001528308 us-gaap:AccountsReceivableMember iinx:CustomerThreeMember 2017-09-30 0001528308 us-gaap:AccountsReceivableMember 2017-09-30 0001528308 us-gaap:SalesMember iinx:CustomerOneMember 2018-07-01 2018-09-30 0001528308 us-gaap:SalesMember iinx:CustomerTwoMember 2018-07-01 2018-09-30 0001528308 us-gaap:SalesMember 2018-07-01 2018-09-30 0001528308 us-gaap:SalesMember iinx:CustomerOneMember 2017-07-01 2017-09-30 0001528308 us-gaap:SalesMember iinx:CustomerTwoMember 2017-07-01 2017-09-30 0001528308 us-gaap:SalesMember iinx:CustomerThreeMember 2017-07-01 2017-09-30 0001528308 us-gaap:SalesMember 2017-07-01 2017-09-30 0001528308 us-gaap:AccountsReceivableMember iinx:CustomerTwoMember 2018-07-01 2018-09-30 0001528308 us-gaap:AccountsReceivableMember 2018-07-01 2018-09-30 0001528308 us-gaap:AccountsReceivableMember iinx:CustomerOneMember 2017-07-01 2017-09-30 0001528308 us-gaap:AccountsReceivableMember iinx:CustomerTwoMember 2017-07-01 2017-09-30 0001528308 us-gaap:AccountsReceivableMember iinx:CustomerThreeMember 2017-07-01 2017-09-30 0001528308 us-gaap:AccountsReceivableMember 2017-07-01 2017-09-30 0001528308 us-gaap:AccountsPayableMember iinx:SupplierOneMember 2018-09-30 0001528308 us-gaap:AccountsPayableMember iinx:SupplierTwoMember 2018-09-30 0001528308 us-gaap:AccountsPayableMember iinx:SupplierThreeMember 2018-09-30 0001528308 us-gaap:AccountsPayableMember iinx:SupplierFourMember 2018-09-30 0001528308 us-gaap:AccountsPayableMember 2018-09-30 0001528308 iinx:PurchasesMember iinx:SupplierOneMember 2018-07-01 2018-09-30 0001528308 iinx:PurchasesMember iinx:SupplierTwoMember 2018-07-01 2018-09-30 0001528308 iinx:PurchasesMember iinx:SupplierThreeMember 2018-07-01 2018-09-30 0001528308 iinx:PurchasesMember 2018-07-01 2018-09-30 0001528308 iinx:PurchasesMember iinx:SupplierOneMember 2017-07-01 2017-09-30 0001528308 iinx:PurchasesMember iinx:SupplierTwoMember 2017-07-01 2017-09-30 0001528308 iinx:PurchasesMember 2017-07-01 2017-09-30 0001528308 us-gaap:AccountsPayableMember iinx:SupplierOneMember 2018-07-01 2018-09-30 0001528308 us-gaap:AccountsPayableMember iinx:SupplierTwoMember 2018-07-01 2018-09-30 0001528308 us-gaap:AccountsPayableMember iinx:SupplierThreeMember 2018-07-01 2018-09-30 0001528308 us-gaap:AccountsPayableMember iinx:SupplierFourMember 2018-07-01 2018-09-30 0001528308 us-gaap:AccountsPayableMember 2018-07-01 2018-09-30 0001528308 us-gaap:AccountsPayableMember iinx:SupplierOneMember 2017-07-01 2017-09-30 0001528308 us-gaap:AccountsPayableMember iinx:SupplierTwoMember 2017-07-01 2017-09-30 0001528308 us-gaap:AccountsPayableMember 2017-07-01 2017-09-30 0001528308 country:CN 2018-07-01 2018-09-30 0001528308 country:US 2018-07-01 2018-09-30 0001528308 us-gaap:InlandRevenueHongKongMember 2018-07-01 2018-09-30 0001528308 iinx:ChangchunFangguanElectronicScienceAndTechnologyCoLtdMember 2018-09-30 0001528308 iinx:ChangchunFangguanElectronicScienceAndTechnologyCoLtdMember 2018-06-30 0001528308 iinx:YubaoLiuMember iinx:WellBestMember 2018-07-01 2018-09-30 0001528308 iinx:BaileqiElectronicMember iinx:BaozhuDengMember 2018-07-01 2018-09-30 0001528308 iinx:BaozhenDengMember iinx:BaileqiElectronicMember 2018-07-01 2018-09-30 0001528308 iinx:PurchasesMember iinx:SupplierFourMember 2018-07-01 2018-09-30 0001528308 us-gaap:AccountsPayableMember 2017-09-30 0001528308 us-gaap:AccountsPayableMember iinx:SupplierTwoMember 2017-09-30 0001528308 us-gaap:AccountsPayableMember iinx:SupplierOneMember 2017-09-30 0001528308 iinx:KeenestMember 2017-07-01 2018-06-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure IONIX TECHNOLOGY, INC. 0001528308 10-Q IINX 2018-09-30 false --06-30 Yes Q1 2018 99003000 5000000

1577202

1324207

1577202

1324207

29981

20592

268388 206194

2257

3164

507440

226839

119543

464553

636413

186767

304583

111462

75484

999008

910550

105265

125733

349829

212557

143792

196839

70458

1992

4216

1992

2990

34117

59546

399522

248543

31743

367779

248543

110275

264171

31743

367779

399522

5828

1009556

925792

10548

15242

500

9900

1577202

1324207

567646

398415

7950

237246

.0001

5000000

195000000

99003000

2568888

381541

2475050

93838

738893

1028423

1767316

65637

91692

45514

202843

289165

60958

2279723

320583

1779811

271651

499912

48932

50426

1609

227579

-8595

1403

62989

69553

62989

69553

177153

-10204

169231

-6516

-7922

3688

0.00

-0.00

99003000

-4555

-19564

-60514

-24927

-5029

154452

-155528

-151889

12137

9530

7501

64737 88375

-878

-117348

284534

221917

-118902

-165960

-293992

57609

-125591

148947

-148947

193121

-111283

-1780

1961

137292

-136600

137292

-136600

5000

7671

122820

268388

126381

7903

206194

70558

1951

NOTE 1 - NATURE OF OPERATIONS    Ionix Technology, Inc. (the “Company” or “Ionix”) is a Nevada corporation that was formed on March 11, 2011. By and through its wholly owned subsidiaries in China, the Company sells the high-end intelligent electronic equipment, which includes portable power banks for electronic devices and LCD screens in China.

NOTE 2 - GOING CONCERN    The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has not generated sufficient cash flow from its operating activities for the past three years and did not have enough cash to support future operating plans. These circumstances, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.    The Company may need to raise additional capital from external sources or obtain loans from officers and shareholders in order to continue the long-term efforts contemplated under its business plan. The Company is pursuing other revenue streams which could include strategic acquisitions or possible joint ventures of other business segments.

NOTE 4 - INVENTORIES    Inventories are stated at the lower of cost (determined using the weighted average cost method) or net realizable value.    <table cellspacing="0" cellpadding="0" style="width: 95%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="font-weight: bold; line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">September 30, 2018</td> <td style="font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">June 30, 2018</td> <td style="font-weight: bold; line-height: normal; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; width: 72%; text-align: left; font-size-adjust: none; font-stretch: normal">Raw materials</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 11%; text-align: right; font-size-adjust: none; font-stretch: normal">109,926</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 11%; text-align: right; font-size-adjust: none; font-stretch: normal">105,879</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal">Finished goods</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">397,514</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">120,960</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; text-align: left; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal">Total inventories</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">507,440</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">226,839</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> </table> Inventories consist of the following:

NOTE 5 - RELATED PARTY TRANSACTIONS AND BALANCES    Manufacture – related party   On September 1, 2016, Baileqi Electronic entered into a manufacturing agreement with Shenzhen Baileqi Science and Technology Co., Ltd. (“Shenzhen Baileqi S&T”) to manufacture products for Baileqi Electronic. The owner of Shenzhen Baileqi S&T is also a stockholder of the Company who owns approximately 1.5% of the Company’s outstanding common stock as of September 30, 2018.  The manufacturing costs incurred with Shenzhen Baileqi S&T was $0 and $192,103 for the three months ended September 30, 2018 and 2017, respectively, and the amount of $0 and $44,167 respectively were included in cost of revenue.    Purchase from related party    During the three months ended September 30, 2018, the Company purchased $676,379 and $450,505 from Keenest and Shenzhen Baileqi S&T which were owned by the Company’s stockholders who own approximately 2% and 1.5% respectively of the Company’s outstanding common stock as of September 30, 2018. The amount of $676,379 and $340,026 were included in the cost of revenue.     During the three months ended September 30, 2017, the Company purchased $63,645 and $174,465 from Keenest and Shenzhen Baileqi S&T which were owned by the Company’s stockholders who own approximately 2% and 1.5% respectively of the Company’s outstanding common stock. The amount of $63,645 and $163,839 were included in the cost of revenue.    During the three months ended September 30, 2018, the Company purchased $792,282 from Fangguan Electronic Science and Technology Co., Ltd. (“Fangguan S&T”). The president of Fangguan S&T was the president and a member of the board of directors of Fangguan Photoelectric before he resigned and left Fangguan Photoelectric in October 2018. The amount of $763,406 was included in the cost of revenue.    Advances to suppliers - related parties    The Company made advances of $268,388 and $206,194 to Keenest for future purchases as of September 30, 2018 and June 30, 2018, respectively.     Accounts payable - related parties    The trade balance payable to Fangguan S&T was $367,779 and $248,543 as of September 30, 2018 and June 30, 2018, respectively. The trade balance payable to Shenzhen Baileqi S&T were $31,743 and $0 as of September 30, 2018 and June 30, 2018, respectively.    Sales to related party    During the three months ended September 30, 2018, Baileqi Electronic sold materials of $93,838 to Shenzhen Baileqi S&T.    Accounts receivable - related parties    The sales-related balance receivable from Shenzhen Baileqi S&T were zero and $119,543 as of September 30, 2018 and June 30, 2018, respectively.    Due to related parties    Due to related parties represents certain advances to the Company or its subsidiaries by related parties. The amounts are non-interest bearing, unsecured and due on demand.    Due to related parties consists of the following:    <table align="center" cellspacing="0" cellpadding="0" style="width: 80%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">September 30, 2018</td> <td style="font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">June 30, 2018</td> <td style="font-weight: bold; line-height: normal; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; width: 64%; text-align: left; font-size-adjust: none; font-stretch: normal">Ben Wong                       (1)</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 15%; text-align: right; font-size-adjust: none; font-stretch: normal">143,792</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 15%; text-align: right; font-size-adjust: none; font-stretch: normal">143,792</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Yubao Liu                       (2)</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">196,839</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">70,458</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Xin Sui                            (3)</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">1,992</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">1,992</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Baozhen Deng                (4)</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">4,216</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">(3,685</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal">Baozhu Deng                  (5)</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">2,990</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"> </td> <td style="line-height: normal; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">349,829</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">212,557</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> </table>     (1) Ben Wong was the controlling shareholder of Shinning Glory until April 20, 2017, which holds majority shares in Ionix Technology, Inc.    (2) Yubao Liu is the controlling shareholder of Shinning Glory since April 20, 2017, which holds majority shares in Ionix Technology, Inc.    (3) Xin Sui is a member of the board of directors of Welly Surplus.    (4) Baozhen Deng is a stockholder of the Company, who owns approximately 1.5% of the Company’s outstanding common stock, and the owner of Shenzhen Baileqi S&T.    (5) Baozhu Deng is a relative of Baozhen Deng, a stockholder of the Company.    During the three months ended September 30, 2018, Yubao Liu advanced $126,381 to Well Best. Baileqi Electronic borrowed $2,990 from Baozhu Deng. In addition, Baozhen Deng refunded $7,903 to Baileqi Electronic.    During the three months ended September 30, 2017, Welly Surplus refunded $5,000 to Xin Sui. Baileqi Electronic refunded $7,671 to Shenzhen Baileqi S&T. Lisite Science refunded $122,820 to Changyong Yang.

NOTE 6 - CONCENTRATION   Major customers    Customers who accounted for 10% or more of the Company’s revenues for the three months ended September 30, 2018 and 2017 respectively and its outstanding balance of accounts receivable as of September 30, 2018 and 2017 respectively are presented as follows:    <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">For the three months ended September 30, 2018</td> <td style="padding-bottom: 1pt"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">As of  September 30, 2018</td> <td style="border-bottom: black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Revenue</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of revenue</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Accounts receivable</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of accounts receivable</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; width: 40%; text-align: left; font-size-adjust: none; font-stretch: normal">Customer A</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">738,893</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">29</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal">Customer B</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">1,028,423</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">40</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">272,761</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">59</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal">Total</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">1,767,316</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">69</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">272,761</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">59</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td></tr> </table>    <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">For the three months ended September 30, 2017</td> <td style="padding-bottom: 1pt"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">As of  September 30, 2017</td> <td style="border-bottom: black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Revenue</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of revenue</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Accounts receivable</td> <td style="line-height: normal; text-align: center; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of accounts receivable</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; width: 40%; text-align: left; font-size-adjust: none; font-stretch: normal">Customer A</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">65,637</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">17</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Customer B</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">91,692</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">24</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal">Customer C</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">45,514</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">12</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td> <td style="border-bottom: black 1pt solid"> </td> <td style="text-align: left; border-bottom: black 1pt solid"> </td> <td style="text-align: right; border-bottom: black 1pt solid">-</td> <td style="text-align: left; border-bottom: black 1pt solid"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal">Total</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">202,843</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">53</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td></tr> </table>    All customers are located in the PRC.    Major suppliers    The suppliers who accounted for 10% or more of the Company’s total purchases (materials and services) for the three months ended September 30, 2018 and 2017 respectively and its outstanding balance of accounts payable as of September 30, 2018 and 2017 respectively are presented as follows:    <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">For the three months ended September 30, 2018</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">As of  September 30, 2018</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Total Purchase</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of total purchase</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Accounts payable</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of accounts payable</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; width: 40%; text-align: left; font-size-adjust: none; font-stretch: normal">Supplier A - related party</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">676,379</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">26</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Supplier B - related party</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">450,505</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">18</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">31,743</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">6</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Supplier C - related party</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">792,282</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">31</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">367,779</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">72</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal">Supplier D</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">536,708</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">21</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal">Total</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">2,455,874</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">96</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">399,522</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">78</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td></tr> </table>    <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">For the three months ended September 30, 2017</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">As of  September 30, 2017</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Total Purchase</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of total purchase</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Accounts payable</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of accounts payable</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; width: 40%; text-align: left; font-size-adjust: none; font-stretch: normal">Supplier A - related party</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">63,645</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">12</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal">Supplier B - related party</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">366,568</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">68</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">5,828</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">5</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal">Total</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">430,213</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">80</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">5,828</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">5</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td></tr> </table>    All suppliers of the Company are located in the PRC.

NOTE 8 - SUBSEQUENT EVENTS    The Company has evaluated the existence of significant events subsequent to the balance sheet date through the date the financial statements were issued and has determined that there were no subsequent events or transactions which would require recognition or disclosure in the financial statements.

Basis of consolidation    The consolidated financial statements include the accounts of Ionix Technology Inc. and its subsidiaries: Well Best International Investment Limited (“Well Best”), Welly Surplus International Limited (“Welly Surplus”), Lisite Science Technology (Shenzhen) Co., Ltd (“Lisite Science”), Shenzhen Baileqi Electronic Technology Co., Ltd. (“Baileqi Electronic”), Changchun Fangguan Photoelectric Display Technology Co. Ltd. (“Fangguan Photoelectric”) and Dalian Shizhe New Energy Technology Co., Ltd (“Shizhe New Energy”). All significant inter-company balances and transactions have been eliminated upon consolidation.

Revenue recognition    The Company adopted the new accounting standard, ASC 606, Revenue from Contracts with Customers, and all the related amendments (new revenue standard) to all contracts using the modified retrospective method beginning on July 1, 2018. The adoption will not result in an adjustment to the retained earnings as of June 30, 2018. The comparative information will not be restated and will continue to be reported under the accounting standards in effect for those periods. The adoption of the new revenue standard will have no impact on either reported sales to customers or net earnings. The Company will continue to recognize revenue from product sales as goods are shipped or delivered to the customer, as control of goods occurs at the same time.

Foreign currencies translation    Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of comprehensive income (loss).    The reporting currency of the Company is the United States Dollar (“US$”). The Company’s subsidiaries in the People’s Republic of China (“PRC”) maintain their books and records in their local currency, the Renminbi Yuan (“RMB”), which is the functional currency as being the primary currency of the economic environment in which these entities operate.    In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. Stockholders’ equity is translated at historical rates. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statements of stockholders’ equity.    The exchange rates used to translate amounts in RMB into U.S. Dollars for the purposes of preparing the consolidated financial statements are as follows:    <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">September 30, 2018</td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; padding-bottom: 1pt; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; padding-bottom: 1pt; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">June 30, 2018</td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 72%; text-align: left; font-size-adjust: none; font-stretch: normal">Balance sheet items, except for equity accounts</td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 11%; text-align: right; font-size-adjust: none; font-stretch: normal">6.6879</td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 11%; text-align: right; font-size-adjust: none; font-stretch: normal">6.6166</td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="5" style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: center; font-size-adjust: none; font-stretch: normal">Three Months Ended September 30,</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">2018</td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: left; padding-bottom: 1pt; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; padding-bottom: 1pt; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">2017</td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Items in statements of comprehensive income (loss) and cash flows</td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">6.6523</td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">6.7138</td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> </table>

Recent accounting pronouncements    From time to time, new accounting pronouncements are issues by the Financial Accounting Standards Board or other standard bodies that may have an impact on the Company’s accounting and reporting. The Company believes that any recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations, and cash flows when implemented.

The exchange rates used to translate amounts in RMB into U.S. Dollars for the purposes of preparing the consolidated financial statements are as follows:    <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">September 30, 2018</td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; padding-bottom: 1pt; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; padding-bottom: 1pt; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">June 30, 2018</td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 72%; text-align: left; font-size-adjust: none; font-stretch: normal">Balance sheet items, except for equity accounts</td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 11%; text-align: right; font-size-adjust: none; font-stretch: normal">6.6879</td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 11%; text-align: right; font-size-adjust: none; font-stretch: normal">6.6166</td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="5" style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: center; font-size-adjust: none; font-stretch: normal">Three Months Ended September 30,</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1pt"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">2018</td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: left; padding-bottom: 1pt; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; padding-bottom: 1pt; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">2017</td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold; line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Items in statements of comprehensive income (loss) and cash flows</td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">6.6523</td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">6.7138</td> <td style="font-family: Times New Roman, Times, Serif; line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> </table>

Inventories are stated at the lower of cost (determined using the weighted average cost method) or net realizable value.    <table cellspacing="0" cellpadding="0" style="width: 95%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="font-weight: bold; line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">September 30, 2018</td> <td style="font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">June 30, 2018</td> <td style="font-weight: bold; line-height: normal; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; width: 72%; text-align: left; font-size-adjust: none; font-stretch: normal">Raw materials</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 11%; text-align: right; font-size-adjust: none; font-stretch: normal">109,926</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 11%; text-align: right; font-size-adjust: none; font-stretch: normal">105,879</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal">Finished goods</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">397,514</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">120,960</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; text-align: left; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal">Total inventories</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">507,440</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">226,839</td></tr> </table>

Due to related parties consists of the following:    <table align="center" cellspacing="0" cellpadding="0" style="width: 80%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">September 30, 2018</td> <td style="font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">June 30, 2018</td> <td style="font-weight: bold; line-height: normal; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; width: 64%; text-align: left; font-size-adjust: none; font-stretch: normal">Ben Wong                       (1)</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 15%; text-align: right; font-size-adjust: none; font-stretch: normal">143,792</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 15%; text-align: right; font-size-adjust: none; font-stretch: normal">143,792</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Yubao Liu                       (2)</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">196,839</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">70,458</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Xin Sui                            (3)</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">1,992</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">1,992</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Baozhen Deng                (4)</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">4,216</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">(3,685</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal">Baozhu Deng                  (5)</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">2,990</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"> </td> <td style="line-height: normal; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">349,829</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">212,557</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> </table>   (1) Ben Wong was the controlling shareholder of Shinning Glory until April 20, 2017, which holds majority shares in Ionix Technology, Inc.   (2) Yubao Liu is the controlling shareholder of Shinning Glory since April 20, 2017, which holds majority shares in Ionix Technology, Inc.   (3) Xin Sui is a member of the board of directors of Welly Surplus.   (4) Baozhen Deng is a stockholder of the Company, who owns approximately 1.5% of the Company’s outstanding common stock, and the owner of Shenzhen Baileqi S&T.   (5) Baozhu Deng is a relative of Baozhen Deng, a stockholder of the Company.

Customers who accounted for 10% or more of the Company’s revenues for the three months ended September 30, 2018 and 2017 respectively and its outstanding balance of accounts receivable as of September 30, 2018 and 2017 respectively are presented as follows:    <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">For the three months ended September 30, 2018</td> <td style="padding-bottom: 1pt"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">As of  September 30, 2018</td> <td style="border-bottom: black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Revenue</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of revenue</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Accounts receivable</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of accounts receivable</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; width: 40%; text-align: left; font-size-adjust: none; font-stretch: normal">Customer A</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">738,893</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">29</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal">Customer B</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">1,028,423</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">40</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">272,761</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">59</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal">Total</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">1,767,316</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">69</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">272,761</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">59</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td></tr> </table>    <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">For the three months ended September 30, 2017</td> <td style="padding-bottom: 1pt"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">As of  September 30, 2017</td> <td style="border-bottom: black 1pt solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Revenue</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of revenue</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Accounts receivable</td> <td style="line-height: normal; text-align: center; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of accounts receivable</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; width: 40%; text-align: left; font-size-adjust: none; font-stretch: normal">Customer A</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">65,637</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">17</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Customer B</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">91,692</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">24</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal">Customer C</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">45,514</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">12</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td> <td style="border-bottom: black 1pt solid"> </td> <td style="text-align: left; border-bottom: black 1pt solid"> </td> <td style="text-align: right; border-bottom: black 1pt solid">-</td> <td style="text-align: left; border-bottom: black 1pt solid"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal">Total</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">202,843</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">53</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td></tr> </table>

The suppliers who accounted for 10% or more of the Company’s total purchases (materials and services) for the three months ended September 30, 2018 and 2017 respectively and its outstanding balance of accounts payable as of September 30, 2018 and 2017 respectively are presented as follows:    <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">For the three months ended September 30, 2018</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">As of  September 30, 2018</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Total Purchase</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of total purchase</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Accounts payable</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of accounts payable</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; width: 40%; text-align: left; font-size-adjust: none; font-stretch: normal">Supplier A - related party</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">676,379</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">26</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Supplier B - related party</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">450,505</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">18</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">31,743</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">6</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Supplier C - related party</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">792,282</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">31</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">367,779</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">72</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal">Supplier D</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">536,708</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">21</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal">Total</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">2,455,874</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">96</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">399,522</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">78</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td></tr> </table>    <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">For the three months ended September 30, 2017</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">As of  September 30, 2017</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Total Purchase</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of total purchase</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Accounts payable</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">Percentage of accounts payable</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="text-align: right; white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; width: 40%; text-align: left; font-size-adjust: none; font-stretch: normal">Supplier A - related party</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">63,645</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">12</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 12%; text-align: right; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal">Supplier B - related party</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">366,568</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">68</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">5,828</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">5</td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal">Total</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">430,213</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">80</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">5,828</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">5</td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">%</td></tr> </table>

The reconciliation of income tax expense at the U.S. statutory rates of 21% and 35% to the Company’s effective tax rate is as follows:    <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="6" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">For the three months ended September 30,</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">2018</td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; border-bottom: black 1pt solid; white-space: nowrap; font-size-adjust: none; font-stretch: normal">2017</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: center; white-space: nowrap">21%</td> <td> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td colspan="2" style="line-height: normal; text-align: center; white-space: nowrap; font-size-adjust: none; font-stretch: normal">35%</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; width: 72%; text-align: left; font-size-adjust: none; font-stretch: normal">Tax at U.S. statutory rate</td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 11%; text-align: right; font-size-adjust: none; font-stretch: normal">47,792</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; width: 11%; text-align: right; font-size-adjust: none; font-stretch: normal">(3,008</td> <td style="line-height: normal; width: 1%; text-align: left; font-size-adjust: none; font-stretch: normal">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Tax rate difference between foreign operation and U.S.</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">(1,408</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">)</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">1,125</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal">Change in valuation allowance</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">2,424</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal">3,492</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal">Permanent difference</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">1,618</td> <td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal">-</td> <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="line-height: normal; text-align: left; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal">Effective tax</td> <td style="line-height: normal; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">50,426</td> <td style="line-height: normal; text-align: left; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; padding-bottom: 2.5pt; font-size-adjust: none; font-stretch: normal"> </td> <td style="line-height: normal; text-align: left; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">$</td> <td style="line-height: normal; text-align: right; border-bottom: black 2.5pt double; font-size-adjust: none; font-stretch: normal">1,609</td></tr> </table>

The provisions for income taxes are summarized as follows:    <table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 10pt; margin-bottom: 7.75pt; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="6" style="text-align: center; border-bottom: black 1pt solid; white-space: nowrap">For the three months ended September 30,</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: center; border-bottom: black 1pt solid; white-space: nowrap">2018</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center; border-bottom: black 1pt solid; white-space: nowrap">2017</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="width: 72%">Current</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 11%; text-align: right">54,981</td> <td style="width: 1%; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 11%; text-align: right">1,609</td> <td style="width: 1%; white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Deferred</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="text-align: right; border-bottom: black 1pt solid">(4,555)</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="text-align: right; border-bottom: black 1pt solid">-</td> <td style="white-space: nowrap"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td>Total</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="text-align: right; border-bottom: black 2.25pt double">50,426</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="text-align: right; border-bottom: black 2.25pt double">1,609</td></tr> </table>

226176

-8595

6.6879

6.6166

6.6523

6.7138

109926

105879

397514

120960

0.02

0.015

676379

63645

450505

174465

792282

676379 63645 340026 163839 763406

192103

0 44167

272761

676379

450505

792282

2455874

63645

366568

430213

536708

0.29

0.40

0.69

0.17

0.24

0.12

0.53

0.59

0.26

0.18

0.31

0.96

0.12

0.68

0.80

0.06

0.72

0.78

0.05

0.21

47792

-3008

-1408

1125

2424

3492

1618

54981

1609

10000

0.35

0.21

388000

2035 The Tax Act requires the Company to pay U.S. income taxes on accumulated foreign subsidiary earnings not previously subject to U.S. income tax at a rate of 15.5% to the extent of foreign cash and certain other net current assets and 8% on the remaining earnings.

0.25

0.165

319972

142819

false false Non-accelerated Filer 2990 true

NOTE 3 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES   Basis of presentation   The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of September 30, 2018 and the results of operations and cash flows for the periods ended September 30, 2018 and 2017. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results for the three months ended September 30, 2018 are not necessarily indicative of the results to be expected for any subsequent periods or for the entire year ending June 30, 2019. The balance sheet at June 30, 2018 has been derived from the audited financial statements at that date.   Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission's rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended June 30, 2018 as included in our Annual Report on Form 10-K as filed with the SEC on October 11, 2018.   Basis of consolidation   The consolidated financial statements include the accounts of Ionix Technology Inc. and its subsidiaries: Well Best International Investment Limited (“Well Best”), Welly Surplus International Limited (“Welly Surplus”), Lisite Science Technology (Shenzhen) Co., Ltd (“Lisite Science”), Shenzhen Baileqi Electronic Technology Co., Ltd. (“Baileqi Electronic”), Changchun Fangguan Photoelectric Display Technology Co. Ltd. (“Fangguan Photoelectric”) and Dalian Shizhe New Energy Technology Co., Ltd (“Shizhe New Energy”). All significant inter-company balances and transactions have been eliminated upon consolidation.   Revenue recognition   The Company adopted the new accounting standard, ASC 606, Revenue from Contracts with Customers, and all the related amendments (new revenue standard) to all contracts using the modified retrospective method beginning on July 1, 2018. The adoption will not result in an adjustment to the retained earnings as of June 30, 2018. The comparative information will not be restated and will continue to be reported under the accounting standards in effect for those periods. The adoption of the new revenue standard will have no impact on either reported sales to customers or net earnings. The Company will continue to recognize revenue from product sales as goods are shipped or delivered to the customer, as control of goods occurs at the same time.   Foreign currencies translation   Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of comprehensive income (loss).   The reporting currency of the Company is the United States Dollar (“US$”). The Company’s subsidiaries in the People’s Republic of China (“PRC”) maintain their books and records in their local currency, the Renminbi Yuan (“RMB”), which is the functional currency as being the primary currency of the economic environment in which these entities operate.   In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. Stockholders’ equity is translated at historical rates. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statements of stockholders’ equity.   The exchange rates used to translate amounts in RMB into U.S. Dollars for the purposes of preparing the consolidated financial statements are as follows:   <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-size: 10pt"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-family: Times New Roman, Times, Serif; font-weight: bold; white-space: nowrap">September 30, 2018</td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-family: Times New Roman, Times, Serif; font-weight: bold; white-space: nowrap">June 30, 2018</td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="white-space: nowrap"> </td> <td> </td> <td> </td> <td colspan="2" style="white-space: nowrap"> </td> <td> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; width: 72%; font-family: Times New Roman, Times, Serif">Balance sheet items, except for equity accounts</td> <td style="width: 1%; font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; width: 1%; font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: right; width: 11%; font-family: Times New Roman, Times, Serif">6.6879</td> <td style="text-align: left; width: 1%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; width: 1%; font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: right; width: 11%; font-family: Times New Roman, Times, Serif">6.6166</td> <td style="text-align: left; width: 1%; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="background-color: white; vertical-align: bottom"> <td> </td> <td style="font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td colspan="5" style="text-align: center; font-family: Times New Roman, Times, Serif; font-weight: bold">Three Months Ended September 30,</td> <td style="text-align: left"> </td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="border-bottom: black 1pt solid; text-align: left; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="border-bottom: black 1pt solid; text-align: center; font-family: Times New Roman, Times, Serif; font-weight: bold">2018</td> <td style="border-bottom: black 1pt solid; text-align: left; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="border-bottom: black 1pt solid; text-align: left; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td> <td style="border-bottom: black 1pt solid; text-align: center; font-family: Times New Roman, Times, Serif; font-weight: bold">2017</td> <td style="text-align: left; padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; font-weight: bold"> </td></tr> <tr style="background-color: white; vertical-align: bottom"> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Items in statements of comprehensive income (loss) and cash flows</td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: right; font-family: Times New Roman, Times, Serif">6.6523</td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td> <td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: right; font-family: Times New Roman, Times, Serif">6.7138</td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   Recent accounting pronouncements   From time to time, new accounting pronouncements are issues by the Financial Accounting Standards Board or other standard bodies that may have an impact on the Company’s accounting and reporting. The Company believes that any recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations, and cash flows when implemented.

NOTE 7 - INCOME TAXES   The effective tax rate in the periods presented is the result of the mix of income earned and losses incurred in various tax jurisdictions that apply a broad range of income tax rate. The Company operates in various countries: United States of America, Hong Kong and the PRC that are subject to taxes in the jurisdictions in which they operate, as follows:   United States of America   The Company is registered in the State of Nevada and is subject to the tax laws of United States of America.   The Company has shown losses since inception.  As a result, it has incurred no income tax. Under normal circumstances, the Internal Revenue Service is authorized to audit income tax returns during a three year period after the returns are filed.  In unusual circumstances, the period may be longer.  Tax returns for the year ended June 30, 2011 and after were still open to audit as of September 30, 2018.   The Company received a penalty assessment from the IRS in the amount of $10,000 for failure to provide information with respect to certain foreign owned US Corporations on Form 5472 - Information Return of a 25% Foreign Owned US Corporation for the tax period ended June 30, 2013. The Company disputed this claim and is working to reverse the penalty. The Company believes that the payment of this penalty is remote and did not accrue this liability as of September 30, 2018.   Hong Kong   The Well Best and Welly Surplus are registered in Hong Kong and subject to income tax rate of 16.5%. for the three months ended September 30, 2018 and 2017, there is no assessable income chargeable to profit tax in Hong Kong.   The PRC   Lisite Science, Fangguan Photoelectric, Baileqi Electronic and Shizhe New Energy are operating in the PRC and is subject to the Corporate Income Tax Law of the People’s Republic of China at a unified income tax rate of 25%.   The reconciliation of income tax expense at the U.S. statutory rates of 21% and 35% to the Company’s effective tax rate is as follows:   <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; white-space: nowrap">For the three months ended September 30,</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; white-space: nowrap">2018</td> <td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; white-space: nowrap">2017</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="text-align: center; white-space: nowrap">21%</td> <td> </td> <td> </td> <td colspan="2" style="text-align: center; white-space: nowrap">35%</td> <td> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; width: 72%">Tax at U.S. statutory rate</td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 11%">47,792</td> <td style="text-align: left; width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: left; width: 1%">$</td> <td style="text-align: right; width: 11%">(3,008</td> <td style="text-align: left; width: 1%">)</td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left">Tax rate difference between foreign operation and U.S.</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(1,408</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,125</td> <td style="text-align: left"> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left">Change in valuation allowance</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,424</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">3,492</td> <td style="text-align: left"> </td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt">Permanent difference</td> <td> </td> <td style="border-bottom: black 1pt solid; text-align: left"> </td> <td style="border-bottom: black 1pt solid; text-align: right">1,618</td> <td style="text-align: left; padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: black 1pt solid; text-align: left"> </td> <td style="border-bottom: black 1pt solid; text-align: right">-</td> <td style="text-align: left"> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2.5pt">Effective tax</td> <td> </td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">50,426</td> <td style="text-align: left; padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.5pt double; text-align: left">$</td> <td style="border-bottom: black 2.5pt double; text-align: right">1,609</td> <td style="text-align: left"> </td></tr> </table>   The provisions for income taxes are summarized as follows:   <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; margin-bottom: 7.75pt; font-size: 10pt"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; white-space: nowrap">For the three months ended September 30,</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; white-space: nowrap">2018</td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; white-space: nowrap">2017</td> <td> </td></tr> <tr style="background-color: #cceeff; vertical-align: bottom"> <td style="width: 72%">Current</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="text-align: right; width: 11%">54,981</td> <td style="width: 1%; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="text-align: right; width: 11%">1,609</td> <td style="width: 1%; white-space: nowrap"> </td></tr> <tr style="background-color: white; vertical-align: bottom"> <td>Deferred</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(4,555)</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">-</td> <td style="white-space: nowrap"> </td></tr> <tr style="background-color: #cceeff; vertical-align: bottom"> <td>Total</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">50,426</td> <td style="white-space: nowrap"> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,609</td> <td style="white-space: nowrap"> </td></tr> </table>   As of September 30, 2018, the Company has approximately $388,000 net operating loss carryforwards available in the U.S. and Hong Kong to reduce future taxable income which will begin to expire from 2035. It is more likely than not that the deferred tax assets cannot be utilized in the future because there will not be significant future earnings from the entity which generated the net operating loss. Therefore, the Company recorded a full valuation allowance on its deferred tax assets.   The Company has not provided deferred taxes on unremitted earnings attributable to international companies that have been considered to be reinvested indefinitely. Because of the availability of U.S. foreign tax credits, it is not practicable to determine the income tax liability that would be payable if such earnings were not indefinitely reinvested. In accordance with ASC Topic 740, interest associated with unrecognized tax benefits is classified as income tax and penalties are classified in selling, general and administrative expenses in the statements of operations.   The extent of the Company’s operations involves dealing with uncertainties and judgments in the application of complex tax regulations in a multitude of jurisdictions. The final taxes paid are dependent upon many factors, including negotiations with taxing authorities in various jurisdictions and resolution of disputes arising from federal, state and international tax audits. The Company recognizes potential liabilities and records tax liabilities for anticipated tax audit issues in the United States and other tax jurisdictions based on its estimate of whether, and the extent to which, additional taxes will be due.   The U.S. Tax Cuts and Jobs Act (Tax Act) was enacted on December 22, 2017 and introduces significant changes to U.S. income tax law. Effective in 2018, the Tax Act reduces the U.S. statutory tax rate from 35% to 21% and creates new taxes on certain foreign-sourced earnings and certain related-party payments, which are referred to as the global intangible low-taxed income tax and the base erosion tax, respectively. The Tax Act requires the Company to pay U.S. income taxes on accumulated foreign subsidiary earnings not previously subject to U.S. income tax at a rate of 15.5% to the extent of foreign cash and certain other net current assets and 8% on the remaining earnings. Since the Company’s foreign subsidiaries had not generated accumulated earnings as of December 31, 2017, the Company believes that Tax Act will not have significant impact on the Company’s consolidated financial statements.

Basis of presentation   The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of September 30, 2018 and the results of operations and cash flows for the periods ended September 30, 2018 and 2017. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results for the three months ended September 30, 2018 are not necessarily indicative of the results to be expected for any subsequent periods or for the entire year ending June 30, 2019. The balance sheet at June 30, 2018 has been derived from the audited financial statements at that date.   Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission's rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended June 30, 2018 as included in our Annual Report on Form 10-K as filed with the SEC on October 11, 2018.

Ben Wong was the controlling shareholder of Shinning Glory until April 20, 2017, which holds majority shares in Ionix Technology, Inc. Yubao Liu is the controlling shareholder of Shinning Glory since April 20, 2017, which holds majority shares in Ionix Technology, Inc. Xin Sui is a member of the board of directors of Welly Surplus. Baozhen Deng is a stockholder of the Company, who owns approximately 1.5% of the Company's outstanding common stock, and the owner of Shenzhen Baileqi S&T. Baozhu Deng is a relative of Baozhen Deng, a stockholder of the Company.

EX-101.SCH 7 iinx-20180930.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - CONSOLIDATED BALANCE SHEETS (UNAUDITED) link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) link:presentationLink link:calculationLink link:definitionLink 00000006 - Disclosure - NATURE OF OPERATIONS link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - GOING CONCERN link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - INVENTORIES link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - RELATED PARTY TRANSACTIONS AND BALANCES link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - CONCENTRATION link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - INCOME TAXES link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - INVENTORIES (Tables) link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - RELATED PARTY TRANSACTIONS AND BALANCES (Tables) link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - CONCENTRATION (Tables) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - INCOME TAXES (Tables) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - INVENTORIES (Details) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - RELATED PARTY TRANSACTIONS AND BALANCES (Details) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - RELATED PARTY TRANSACTIONS AND BALANCES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - CONCENTRATION (Details) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - INCOME TAXES (Details) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - INCOME TAXES (Details 1) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - INCOME TAXES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 iinx-20180930_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 iinx-20180930_def.xml XBRL DEFINITION FILE EX-101.LAB 10 iinx-20180930_lab.xml XBRL LABEL FILE Class of Stock [Axis] Common Stock [Member] Preferred Stock [Member] Product and Service [Axis] Non-Related Parties [Member] Non-related parties [Member] Non-Related Parties [Member] Balance Sheet Location [Axis] Balance Sheet [Member] Income Statement Location [Axis] Income and Cash Flow [Member] Related Party [Axis] Ben Wong [Member] Yubao Liu [Member] Xin Sui [Member] Baozhen Deng [Member] Baozhu Deng [Member] Legal Entity [Axis] Welly Surplus [Member] Shenzhen Baileqi S&T [Member] Baileqi Electronic [Member] Changyong Yang [Member] Lisite Science [Member] Keenest [Member] Changchun Fangguan Electronic Science and Technology Co., Ltd [Member] Concentration Risk Benchmark [Axis] Accounts Receivable [Member] Customer [Axis] Customer A [Member] Customer B [Member] Customer C [Member] Revenue [Member] Accounts Payable [Member] Supply Commitment [Axis] Supplier A [Member] Supplier B [Member] Supplier C [Member] Supplier D [Member] Purchases [Member] Income Tax Authority [Axis] CHINA UNITED STATES Income Tax Authority, Name [Axis] Inland Revenue, Hong Kong [Member] Well Best [Member] Statement [Table] Statement [Line Items] Entity Registrant Name Entity Central Index Key Document Type Trading Symbol Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Small Business Entity Emerging Growth Company Entity Ex Transition Period Entity's Reporting Status Current Entity Filer Category Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS Current Assets: Cash Accounts receivable - non-related parties Accounts receivable - related parties Inventory Advances to suppliers - non-related parties Advances to suppliers - related parties Prepaid expenses and other current assets Total Current Assets Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable - non-related parties Accounts payable - related parties Advance from customers Due to related parties Accrued expenses and other current liabilities Total Current Liabilities Deferred tax liability Total Liabilities COMMITMENT AND CONTINGENCIES Stockholders' Equity: Preferred stock, $.0001 par value, 5,000,000 shares authorized 5,000,000 shares issued and outstanding Common stock, $.0001 par value, 195,000,000 shares authorized 99,003,000 shares issued and outstanding Additional paid in capital Retained earnings Accumulated other comprehensive income Total Stockholders' Equity Total Liabilities and Stockholders' Equity Preferred stock, par value (in dollars per share) Preferred stock, authorized shares Preferred stock, issued Preferred stock, outstanding Common stock, par value (in dollars per share) Common stock, authorized shares Common stock, issued Common stock, outstanding Total Revenues Cost of revenues Non-related parties Related parties Total Cost of Revenues Gross profit Operating expenses Selling, general and administrative expense Total operating expenses Income (loss) from operations Other income Income (loss) before income tax Income tax Net income (loss) Other comprehensive income (loss) Foreign currency translation adjustment Comprehensive income (loss) Income (Loss) Per Share - Basic and Diluted Weighted average number of common shares outstanding - Basic and Diluted Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) Adjustments required to reconcile net income (loss) to net cash provided by (used in) operating activities: Deferred taxes Changes in operating assets and liabilities: Accounts receivable - non related parties Accounts receivable - related parties Inventory Advances to suppliers - non-related parties Advances to suppliers - related parties Prepaid expenses Accounts payable - non-related parties Accounts payable - related parties Advance from customers Accrued expenses and other current liabilities Net cash provided by (used in) operating activities CASH FLOWS FROM INVESTING ACTIVITIES Other receivables Net cash provided by investing activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from (repayment of) loans from related parties Net cash provided by (used in) financing activities Effect of exchange rate changes on cash Net increase (decrease) in cash Cash, beginning of period Cash, end of period Supplemental disclosure of cash flow information: Cash paid for income tax Cash paid for interests Organization, Consolidation and Presentation of Financial Statements [Abstract] NATURE OF OPERATIONS Going Concern GOING CONCERN Accounting Policies [Abstract] BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Inventory Disclosure [Abstract] INVENTORIES Related Party Transactions [Abstract] RELATED PARTY TRANSACTIONS AND BALANCES Risks and Uncertainties [Abstract] CONCENTRATION Income Tax Disclosure [Abstract] INCOME TAXES Subsequent Events [Abstract] SUBSEQUENT EVENTS Basis of presentation Basis of consolidation Revenue recognition Foreign currencies translation Recent accounting pronouncements Schedule of exchange rates Schedule of inventories Schedule of due to related parties Schedule of concentration risk Schedule of major suppliers Schedule of reconciliation of income tax expense Schedule of provisions for income taxes Value added tax rate Exchange rate Raw materials Finished goods Total inventories Schedule of Related Party Transactions, by Related Party [Table] Related Party Transaction [Line Items] Disposal Group Name [Axis] Ownership percentage Due to related parties Purchases from related party Cost of revenue - purchases related party Manufacturing costs Cost of revenue - manufacturing related party Advances from related parties EX-101.PRE 11 iinx-20180930_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Sep. 30, 2018	Nov. 14, 2018
Entity Registrant Name	IONIX TECHNOLOGY, INC.
Entity Central Index Key	0001528308
Document Type	10-Q
Trading Symbol	IINX
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity's Reporting Status Current	Yes
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2018
Common Stock [Member]
Entity Common Stock, Shares Outstanding		99,003,000
Preferred Stock [Member]
Entity Common Stock, Shares Outstanding		5,000,000

XML 13 R2.htm IDEA: XBRL DOCUMENT

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Sep. 30, 2018	Jun. 30, 2018
Current Assets:
Cash	$ 304,583	$ 111,462
Accounts receivable - non-related parties	464,553	636,413
Accounts receivable - related parties		119,543
Inventory	507,440	226,839
Advances to suppliers - non-related parties	2,257	3,164
Advances to suppliers - related parties	268,388	206,194
Prepaid expenses and other current assets	29,981	20,592
Total Current Assets	1,577,202	1,324,207
Total Assets	1,577,202	1,324,207
Current Liabilities:
Accounts payable - non-related parties	110,275	264,171
Accounts payable - related parties	399,522	248,543
Advance from customers	34,117	59,546
Due to related parties	349,829	212,557
Accrued expenses and other current liabilities	105,265	125,733
Total Current Liabilities	999,008	910,550
Deferred tax liability	10,548	15,242
Total Liabilities	1,009,556	925,792
COMMITMENT AND CONTINGENCIES
Stockholders' Equity:
Preferred stock, $.0001 par value, 5,000,000 shares authorized 5,000,000 shares issued and outstanding	500	500
Common stock, $.0001 par value, 195,000,000 shares authorized 99,003,000 shares issued and outstanding	9,900	9,900
Additional paid in capital	237,246	237,246
Retained earnings	319,972	142,819
Accumulated other comprehensive income	28	7,950
Total Stockholders' Equity	567,646	398,415
Total Liabilities and Stockholders' Equity	$ 1,577,202	$ 1,324,207

XML 14 R3.htm IDEA: XBRL DOCUMENT

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Sep. 30, 2018	Jun. 30, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ .0001	$ .0001
Preferred stock, authorized shares	5,000,000	5,000,000
Preferred stock, issued	5,000,000	5,000,000
Preferred stock, outstanding	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ .0001	$ .0001
Common stock, authorized shares	195,000,000	195,000,000
Common stock, issued	99,003,000	99,003,000
Common stock, outstanding	99,003,000	99,003,000

XML 15 R4.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Total Revenues	$ 2,568,888	$ 381,541
Cost of revenues
Non-related parties	499,912	48,932
Related parties	1,779,811	271,651
Total Cost of Revenues	2,279,723	320,583
Gross profit	289,165	60,958
Operating expenses
Selling, general and administrative expense	62,989	69,553
Total operating expenses	62,989	69,553
Income (loss) from operations	226,176	(8,595)
Other income	1,403
Income (loss) before income tax	227,579	(8,595)
Income tax	50,426	1,609
Net income (loss)	177,153	(10,204)
Other comprehensive income (loss)
Foreign currency translation adjustment	(7,922)	3,688
Comprehensive income (loss)	$ 169,231	$ (6,516)
Income (Loss) Per Share - Basic and Diluted	$ 0.00	$ (0.00)
Weighted average number of common shares outstanding - Basic and Diluted	99,003,000	99,003,000
Non-related parties [Member]
Total Revenues	$ 2,475,050	$ 381,541
Non-Related Parties [Member]
Total Revenues	$ 93,838

XML 16 R5.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 177,153	$ (10,204)
Adjustments required to reconcile net income (loss) to net cash provided by (used in) operating activities:
Deferred taxes	(4,555)
Changes in operating assets and liabilities:
Accounts receivable - non related parties	165,960	293,992
Accounts receivable - related parties	118,902
Inventory	(284,534)	(221,917)
Advances to suppliers - non-related parties	878	117,348
Advances to suppliers - related parties	(64,737)	(88,375)
Prepaid expenses	(9,530)	(7,501)
Accounts payable - non-related parties	(151,889)	12,137
Accounts payable - related parties	154,452	(155,528)
Advance from customers	(24,927)	(5,029)
Accrued expenses and other current liabilities	(19,564)	(60,514)
Net cash provided by (used in) operating activities	57,609	(125,591)
CASH FLOWS FROM INVESTING ACTIVITIES
Other receivables		148,947
Net cash provided by investing activities		148,947
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from (repayment of) loans from related parties	137,292	(136,600)
Net cash provided by (used in) financing activities	137,292	(136,600)
Effect of exchange rate changes on cash	(1,780)	1,961
Net increase (decrease) in cash	193,121	(111,283)
Cash, beginning of period	111,462	186,767
Cash, end of period	304,583	75,484
Supplemental disclosure of cash flow information:
Cash paid for income tax	70,558	1,951
Cash paid for interests

XML 17 R6.htm IDEA: XBRL DOCUMENT

NATURE OF OPERATIONS

3 Months Ended

Sep. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NATURE OF OPERATIONS

NOTE 1 - NATURE OF OPERATIONS

XML 18 R7.htm IDEA: XBRL DOCUMENT

GOING CONCERN

3 Months Ended

Sep. 30, 2018

Going Concern

GOING CONCERN

NOTE 2 - GOING CONCERN

XML 19 R8.htm IDEA: XBRL DOCUMENT

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 3 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

Basis of consolidation

Revenue recognition

Foreign currencies translation

The exchange rates used to translate amounts in RMB into U.S. Dollars for the purposes of preparing the consolidated financial statements are as follows:

	September 30, 2018		June 30, 2018

Balance sheet items, except for equity accounts		6.6879		6.6166
		Three Months Ended September 30,
		2018		2017

Items in statements of comprehensive income (loss) and cash flows		6.6523		6.7138

Recent accounting pronouncements

XML 20 R9.htm IDEA: XBRL DOCUMENT

INVENTORIES

3 Months Ended

Sep. 30, 2018

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 4 - INVENTORIES

Inventories are stated at the lower of cost (determined using the weighted average cost method) or net realizable value.

	September 30, 2018		June 30, 2018

Raw materials	$	109,926	$	105,879
Finished goods		397,514		120,960
Total inventories	$	507,440	$	226,839

Inventories consist of the following:

XML 21 R10.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS AND BALANCES

3 Months Ended

Sep. 30, 2018

RELATED PARTY TRANSACTIONS AND BALANCES

NOTE 5 - RELATED PARTY TRANSACTIONS AND BALANCES

Manufacture – related party

Purchase from related party

Advances to suppliers - related parties

The Company made advances of $268,388 and $206,194 to Keenest for future purchases as of September 30, 2018 and June 30, 2018, respectively.

Accounts payable - related parties

Sales to related party

During the three months ended September 30, 2018, Baileqi Electronic sold materials of $93,838 to Shenzhen Baileqi S&T.

Accounts receivable - related parties

The sales-related balance receivable from Shenzhen Baileqi S&T were zero and $119,543 as of September 30, 2018 and June 30, 2018, respectively.

Due to related parties

Due to related parties represents certain advances to the Company or its subsidiaries by related parties. The amounts are non-interest bearing, unsecured and due on demand.

Due to related parties consists of the following:

	September 30, 2018		June 30, 2018
Ben Wong (1)	$	143,792	$	143,792
Yubao Liu (2)		196,839		70,458
Xin Sui (3)		1,992		1,992
Baozhen Deng (4)		4,216		(3,685	)
Baozhu Deng (5)		2,990		-
	$	349,829	$	212,557

(1) Ben Wong was the controlling shareholder of Shinning Glory until April 20, 2017, which holds majority shares in Ionix Technology, Inc.

(2) Yubao Liu is the controlling shareholder of Shinning Glory since April 20, 2017, which holds majority shares in Ionix Technology, Inc.

(3) Xin Sui is a member of the board of directors of Welly Surplus.

(4) Baozhen Deng is a stockholder of the Company, who owns approximately 1.5% of the Company’s outstanding common stock, and the owner of Shenzhen Baileqi S&T.

(5) Baozhu Deng is a relative of Baozhen Deng, a stockholder of the Company.

XML 22 R11.htm IDEA: XBRL DOCUMENT

CONCENTRATION

3 Months Ended

Sep. 30, 2018

Risks and Uncertainties [Abstract]

CONCENTRATION

NOTE 6 - CONCENTRATION

Major customers

	For the three months ended September 30, 2018					As of September 30, 2018
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	738,893		29	%	$	-		-	%
Customer B		1,028,423		40	%		272,761		59	%
Total	$	1,767,316		69	%	$	272,761		59	%

	For the three months ended September 30, 2017					As of September 30, 2017
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	65,637		17	%	$	-		-	%
Customer B		91,692		24	%		-		-	%
Customer C		45,514		12	%		-		-	%
Total	$	202,843		53	%	$	-		-	%

All customers are located in the PRC.

Major suppliers

	For the three months ended September 30, 2018					As of September 30, 2018
	Total Purchase		Percentage of total purchase			Accounts payable		Percentage of accounts payable

Supplier A - related party	$	676,379		26	%	$	-		-	%
Supplier B - related party		450,505		18	%		31,743		6	%
Supplier C - related party		792,282		31	%		367,779		72	%
Supplier D		536,708		21	%		-		-	%
Total	$	2,455,874		96	%	$	399,522		78	%

	For the three months ended September 30, 2017					As of September 30, 2017
	Total Purchase		Percentage of total purchase			Accounts payable		Percentage of accounts payable

Supplier A - related party	$	63,645		12	%	$	-		-	%
Supplier B - related party		366,568		68	%		5,828		5	%
Total	$	430,213		80	%	$	5,828		5	%

All suppliers of the Company are located in the PRC.

XML 23 R12.htm IDEA: XBRL DOCUMENT

INCOME TAXES

3 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 7 - INCOME TAXES

United States of America

The Company is registered in the State of Nevada and is subject to the tax laws of United States of America.

Hong Kong

The PRC

The reconciliation of income tax expense at the U.S. statutory rates of 21% and 35% to the Company’s effective tax rate is as follows:

	For the three months ended September 30,
	2018			2017
	21%			35%
Tax at U.S. statutory rate	$	47,792		$	(3,008	)
Tax rate difference between foreign operation and U.S.		(1,408	)		1,125
Change in valuation allowance		2,424			3,492
Permanent difference		1,618			-
Effective tax	$	50,426		$	1,609

The provisions for income taxes are summarized as follows:

	For the three months ended September 30,
	2018		2017
Current	$	54,981	$	1,609
Deferred		(4,555)		-
Total	$	50,426	$	1,609

XML 24 R13.htm IDEA: XBRL DOCUMENT

SUBSEQUENT EVENTS

3 Months Ended

Sep. 30, 2018

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 8 - SUBSEQUENT EVENTS

XML 25 R14.htm IDEA: XBRL DOCUMENT

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

Basis of presentation

Basis of presentation

Basis of consolidation

Basis of consolidation

Revenue recognition

Revenue recognition

Foreign currencies translation

Foreign currencies translation

The exchange rates used to translate amounts in RMB into U.S. Dollars for the purposes of preparing the consolidated financial statements are as follows:

	September 30, 2018		June 30, 2018

Balance sheet items, except for equity accounts		6.6879		6.6166

		Three Months Ended September 30,
		2018		2017

Items in statements of comprehensive income (loss) and cash flows		6.6523		6.7138

Recent accounting pronouncements

Recent accounting pronouncements

XML 26 R15.htm IDEA: XBRL DOCUMENT

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

Schedule of exchange rates

The exchange rates used to translate amounts in RMB into U.S. Dollars for the purposes of preparing the consolidated financial statements are as follows:

	September 30, 2018		June 30, 2018

Balance sheet items, except for equity accounts		6.6879		6.6166

		Three Months Ended September 30,
		2018		2017

Items in statements of comprehensive income (loss) and cash flows		6.6523		6.7138

XML 27 R16.htm IDEA: XBRL DOCUMENT

INVENTORIES (Tables)

3 Months Ended

Sep. 30, 2018

Inventory Disclosure [Abstract]

Schedule of inventories

Inventories are stated at the lower of cost (determined using the weighted average cost method) or net realizable value.

	September 30, 2018		June 30, 2018

Raw materials	$	109,926	$	105,879
Finished goods		397,514		120,960
Total inventories	$	507,440	$	226,839

XML 28 R17.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)

3 Months Ended

Sep. 30, 2018

Schedule of due to related parties

Due to related parties consists of the following:

	September 30, 2018		June 30, 2018
Ben Wong (1)	$	143,792	$	143,792
Yubao Liu (2)		196,839		70,458
Xin Sui (3)		1,992		1,992
Baozhen Deng (4)		4,216		(3,685	)
Baozhu Deng (5)		2,990		-
	$	349,829	$	212,557

(1) Ben Wong was the controlling shareholder of Shinning Glory until April 20, 2017, which holds majority shares in Ionix Technology, Inc.

(2) Yubao Liu is the controlling shareholder of Shinning Glory since April 20, 2017, which holds majority shares in Ionix Technology, Inc.

(3) Xin Sui is a member of the board of directors of Welly Surplus.

(4) Baozhen Deng is a stockholder of the Company, who owns approximately 1.5% of the Company’s outstanding common stock, and the owner of Shenzhen Baileqi S&T.

(5) Baozhu Deng is a relative of Baozhen Deng, a stockholder of the Company.

XML 29 R18.htm IDEA: XBRL DOCUMENT

CONCENTRATION (Tables)

3 Months Ended

Sep. 30, 2018

Risks and Uncertainties [Abstract]

Schedule of concentration risk

	For the three months ended September 30, 2018					As of September 30, 2018
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	738,893		29	%	$	-		-	%
Customer B		1,028,423		40	%		272,761		59	%
Total	$	1,767,316		69	%	$	272,761		59	%

	For the three months ended September 30, 2017					As of September 30, 2017
	Revenue		Percentage of revenue			Accounts receivable		Percentage of accounts receivable
Customer A	$	65,637		17	%	$	-		-	%
Customer B		91,692		24	%		-		-	%
Customer C		45,514		12	%		-		-	%
Total	$	202,843		53	%	$	-		-	%

Schedule of major suppliers

	For the three months ended September 30, 2018					As of September 30, 2018
	Total Purchase		Percentage of total purchase			Accounts payable		Percentage of accounts payable

Supplier A - related party	$	676,379		26	%	$	-		-	%
Supplier B - related party		450,505		18	%		31,743		6	%
Supplier C - related party		792,282		31	%		367,779		72	%
Supplier D		536,708		21	%		-		-	%
Total	$	2,455,874		96	%	$	399,522		78	%

	For the three months ended September 30, 2017					As of September 30, 2017
	Total Purchase		Percentage of total purchase			Accounts payable		Percentage of accounts payable

Supplier A - related party	$	63,645		12	%	$	-		-	%
Supplier B - related party		366,568		68	%		5,828		5	%
Total	$	430,213		80	%	$	5,828		5	%

XML 30 R19.htm IDEA: XBRL DOCUMENT

INCOME TAXES (Tables)

3 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

Schedule of reconciliation of income tax expense

The reconciliation of income tax expense at the U.S. statutory rates of 21% and 35% to the Company’s effective tax rate is as follows:

	For the three months ended September 30,
	2018			2017
	21%			35%
Tax at U.S. statutory rate	$	47,792		$	(3,008	)
Tax rate difference between foreign operation and U.S.		(1,408	)		1,125
Change in valuation allowance		2,424			3,492
Permanent difference		1,618			-
Effective tax	$	50,426		$	1,609

Schedule of provisions for income taxes

The provisions for income taxes are summarized as follows:

	For the three months ended September 30,
	2018		2017
Current	$	54,981	$	1,609
Deferred		(4,555)		-
Total	$	50,426	$	1,609

XML 31 R20.htm IDEA: XBRL DOCUMENT

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2017
Income and Cash Flow [Member]
Exchange rate	6.6523		6.7138
Balance Sheet [Member]
Exchange rate	6.6879	6.6166

XML 32 R21.htm IDEA: XBRL DOCUMENT

INVENTORIES (Details) - USD ($)	Sep. 30, 2018	Jun. 30, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 109,926	$ 105,879
Finished goods	397,514	120,960
Total inventories	$ 507,440	$ 226,839

XML 33 R22.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS AND BALANCES (Details) - USD ($)

Sep. 30, 2018

Jun. 30, 2018

Due to related parties

$ 349,829

$ 212,557

Ben Wong [Member]

Due to related parties

^[1]

143,792

Yubao Liu [Member]

Due to related parties

^[2]

196,839

70,458

Xin Sui [Member]

Due to related parties

^[3]

1,992

Baozhen Deng [Member]

Due to related parties

^[4]

4,216

1,992

Baozhu Deng [Member]

Due to related parties

^[5]

$ 2,990

[1]	Ben Wong was the controlling shareholder of Shinning Glory until April 20, 2017, which holds majority shares in Ionix Technology, Inc.
[2]	Yubao Liu is the controlling shareholder of Shinning Glory since April 20, 2017, which holds majority shares in Ionix Technology, Inc.
[3]	Xin Sui is a member of the board of directors of Welly Surplus.
[4]	Baozhen Deng is a stockholder of the Company, who owns approximately 1.5% of the Company's outstanding common stock, and the owner of Shenzhen Baileqi S&T.
[5]	Baozhu Deng is a relative of Baozhen Deng, a stockholder of the Company.

XML 34 R23.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS AND BALANCES (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018
Related Party Transaction [Line Items]
Advances from related parties	$ 137,292	$ (136,600)
Accounts payable - related parties	399,522		$ 248,543
Revenue from related party	2,568,888	381,541
Accounts receivable - related parties			119,543
Baozhen Deng [Member] \| Baileqi Electronic [Member]
Related Party Transaction [Line Items]
Advances from related parties	7,903
Baileqi Electronic [Member] \| Baozhu Deng [Member]
Related Party Transaction [Line Items]
Related party borrowed	2,990
Yubao Liu [Member] \| Well Best [Member]
Related Party Transaction [Line Items]
Advances from related parties	126,381
Changchun Fangguan Electronic Science and Technology Co., Ltd [Member]
Related Party Transaction [Line Items]
Purchases from related party	792,282
Cost of revenue - purchases related party	763,406
Accounts payable - related parties	$ 367,779		248,543
Shenzhen Baileqi S&T [Member]
Related Party Transaction [Line Items]
Ownership percentage	1.50%
Purchases from related party	$ 450,505	174,465
Cost of revenue - purchases related party	340,026	163,839
Manufacturing costs	0	192,103
Cost of revenue - manufacturing related party	0	44,167
Accounts payable - related parties	31,743		0
Revenue from related party	93,838
Accounts receivable - related parties	$ 0		119,543
Shenzhen Baileqi S&T [Member] \| Baileqi Electronic [Member]
Related Party Transaction [Line Items]
Advances from related parties		7,671
Keenest [Member]
Related Party Transaction [Line Items]
Ownership percentage	2.00%
Purchases from related party	$ 676,379	63,645
Cost of revenue - purchases related party	676,379	63,645
Advances from related parties	$ 268,388		$ 206,194
Xin Sui [Member] \| Welly Surplus [Member]
Related Party Transaction [Line Items]
Advances from related parties		5,000
Changyong Yang [Member] \| Lisite Science [Member]
Related Party Transaction [Line Items]
Advances from related parties		$ 122,820

XML 35 R24.htm IDEA: XBRL DOCUMENT

CONCENTRATION (Details) - USD ($)	3 Months Ended
CONCENTRATION (Details) - USD ($)	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018
Revenues	$ 2,568,888	$ 381,541
Accounts payable	110,275		$ 264,171
Accounts Receivable [Member]
Accounts receivables	$ 272,761
Concentration risk percentage	59.00%
Accounts Receivable [Member] \| Customer B [Member]
Accounts receivables	$ 272,761
Concentration risk percentage	59.00%
Accounts Receivable [Member] \| Customer A [Member]
Accounts receivables
Concentration risk percentage
Accounts Receivable [Member] \| Customer C [Member]
Accounts receivables
Concentration risk percentage
Revenue [Member]
Revenues	$ 1,767,316	$ 202,843
Concentration risk percentage	69.00%	53.00%
Revenue [Member] \| Customer B [Member]
Revenues	$ 1,028,423	$ 91,692
Concentration risk percentage	40.00%	24.00%
Revenue [Member] \| Customer A [Member]
Revenues	$ 738,893	$ 65,637
Concentration risk percentage	29.00%	17.00%
Revenue [Member] \| Customer C [Member]
Revenues		$ 45,514
Concentration risk percentage		12.00%
Accounts Payable [Member]
Accounts payable	$ 399,522	$ 5,828
Concentration risk percentage	78.00%	5.00%
Accounts Payable [Member] \| Supplier A [Member]
Accounts payable
Concentration risk percentage
Accounts Payable [Member] \| Supplier B [Member]
Accounts payable	$ 31,743	$ 5,828
Concentration risk percentage	6.00%	5.00%
Accounts Payable [Member] \| Supplier C [Member]
Accounts payable	$ 367,779
Concentration risk percentage	72.00%
Accounts Payable [Member] \| Supplier D [Member]
Accounts payable
Concentration risk percentage
Purchases [Member]
Total Purchase	$ 2,455,874	$ 430,213
Concentration risk percentage	96.00%	80.00%
Purchases [Member] \| Supplier A [Member]
Total Purchase	$ 676,379	$ 63,645
Concentration risk percentage	26.00%	12.00%
Purchases [Member] \| Supplier B [Member]
Total Purchase	$ 450,505	$ 366,568
Concentration risk percentage	18.00%	68.00%
Purchases [Member] \| Supplier C [Member]
Total Purchase	$ 792,282
Concentration risk percentage	31.00%
Purchases [Member] \| Supplier D [Member]
Total Purchase	$ 536,708
Concentration risk percentage	21.00%

XML 36 R25.htm IDEA: XBRL DOCUMENT

INCOME TAXES (Details) - USD ($)	3 Months Ended
INCOME TAXES (Details) - USD ($)	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Tax at U.S. statutory rate	$ 47,792	$ (3,008)
Tax rate difference between foreign operation and U.S	(1,408)	1,125
Change in valuation allowance	2,424	3,492
Permanent difference	1,618
Effective tax	$ 50,426	$ 1,609

XML 37 R26.htm IDEA: XBRL DOCUMENT

INCOME TAXES (Details 1) - USD ($)	3 Months Ended
INCOME TAXES (Details 1) - USD ($)	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Current	$ 54,981	$ 1,609
Deferred	(4,555)
Effective tax	$ 50,426	$ 1,609

XML 38 R27.htm IDEA: XBRL DOCUMENT

INCOME TAXES (Details Narrative)	3 Months Ended
INCOME TAXES (Details Narrative)	Sep. 30, 2018 USD ($)
Penalty assessment	$ 10,000
Statutory rate	35.00%
Revised statutory rate	21.00%
Operating loss carryforwards	$ 388,000
Expiration year	2035
Description of income tax rate on foreign subsidiary	<p style="margin: 0pt"><font style="font: 10pt Times New Roman, Times, Serif">The Tax Act requires the Company to pay U.S. income taxes on accumulated foreign subsidiary earnings not previously subject to U.S. income tax at a rate of 15.5% to the extent of foreign cash and certain other net current assets and 8% on the remaining earnings.</font></p>
Inland Revenue, Hong Kong [Member]
Foreign income tax rate	16.50%
CHINA
Foreign income tax rate	25.00%
UNITED STATES
Foreign income tax rate	25.00%

EXCEL 39 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 40 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 41 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 43 FilingSummary.xml IDEA: XBRL DOCUMENT 3.10.0.1 html 90 128 1 true 35 0 false 4 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://iinx.biz/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - CONSOLIDATED BALANCE SHEETS (UNAUDITED) Sheet http://iinx.biz/role/ConsolidatedBalanceSheets CONSOLIDATED BALANCE SHEETS (UNAUDITED) Statements 2 false false R3.htm 00000003 - Statement - CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) Sheet http://iinx.biz/role/ConsolidatedBalanceSheetsParenthetical CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) Sheet http://iinx.biz/role/ConsolidatedStatementsOfComprehensiveIncomeLoss CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) Statements 4 false false R5.htm 00000005 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) Sheet http://iinx.biz/role/ConsolidatedStatementsOfCashFlows CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) Statements 5 false false R6.htm 00000006 - Disclosure - NATURE OF OPERATIONS Sheet http://iinx.biz/role/NatureOfOperations NATURE OF OPERATIONS Notes 6 false false R7.htm 00000007 - Disclosure - GOING CONCERN Sheet http://iinx.biz/role/GoingConcern GOING CONCERN Notes 7 false false R8.htm 00000008 - Disclosure - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://iinx.biz/role/BasisOfPresentationAndSummaryOfSignificantAccountingPolicies BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 8 false false R9.htm 00000009 - Disclosure - INVENTORIES Sheet http://iinx.biz/role/Inventories INVENTORIES Notes 9 false false R10.htm 00000010 - Disclosure - RELATED PARTY TRANSACTIONS AND BALANCES Sheet http://iinx.biz/role/RelatedPartyTransactionsAndBalances RELATED PARTY TRANSACTIONS AND BALANCES Notes 10 false false R11.htm 00000011 - Disclosure - CONCENTRATION Sheet http://iinx.biz/role/Concentration CONCENTRATION Notes 11 false false R12.htm 00000012 - Disclosure - INCOME TAXES Sheet http://iinx.biz/role/IncomeTaxes INCOME TAXES Notes 12 false false R13.htm 00000013 - Disclosure - SUBSEQUENT EVENTS Sheet http://iinx.biz/role/SubsequentEvents SUBSEQUENT EVENTS Notes 13 false false R14.htm 00000014 - Disclosure - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://iinx.biz/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesPolicies BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 14 false false R15.htm 00000015 - Disclosure - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Sheet http://iinx.biz/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesTables BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Tables http://iinx.biz/role/BasisOfPresentationAndSummaryOfSignificantAccountingPolicies 15 false false R16.htm 00000016 - Disclosure - INVENTORIES (Tables) Sheet http://iinx.biz/role/InventoriesTables INVENTORIES (Tables) Tables http://iinx.biz/role/Inventories 16 false false R17.htm 00000017 - Disclosure - RELATED PARTY TRANSACTIONS AND BALANCES (Tables) Sheet http://iinx.biz/role/RelatedPartyTransactionsAndBalancesTables RELATED PARTY TRANSACTIONS AND BALANCES (Tables) Tables http://iinx.biz/role/RelatedPartyTransactionsAndBalances 17 false false R18.htm 00000018 - Disclosure - CONCENTRATION (Tables) Sheet http://iinx.biz/role/ConcentrationTables CONCENTRATION (Tables) Tables http://iinx.biz/role/Concentration 18 false false R19.htm 00000019 - Disclosure - INCOME TAXES (Tables) Sheet http://iinx.biz/role/IncomeTaxesTables INCOME TAXES (Tables) Tables http://iinx.biz/role/IncomeTaxes 19 false false R20.htm 00000020 - Disclosure - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Sheet http://iinx.biz/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesDetails BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Details http://iinx.biz/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesTables 20 false false R21.htm 00000021 - Disclosure - INVENTORIES (Details) Sheet http://iinx.biz/role/InventoriesDetails INVENTORIES (Details) Details http://iinx.biz/role/InventoriesTables 21 false false R22.htm 00000022 - Disclosure - RELATED PARTY TRANSACTIONS AND BALANCES (Details) Sheet http://iinx.biz/role/RelatedPartyTransactionsAndBalancesDetails RELATED PARTY TRANSACTIONS AND BALANCES (Details) Details http://iinx.biz/role/RelatedPartyTransactionsAndBalancesTables 22 false false R23.htm 00000023 - Disclosure - RELATED PARTY TRANSACTIONS AND BALANCES (Details Narrative) Sheet http://iinx.biz/role/RelatedPartyTransactionsAndBalancesDetailsNarrative RELATED PARTY TRANSACTIONS AND BALANCES (Details Narrative) Details http://iinx.biz/role/RelatedPartyTransactionsAndBalancesTables 23 false false R24.htm 00000024 - Disclosure - CONCENTRATION (Details) Sheet http://iinx.biz/role/ConcentrationDetails CONCENTRATION (Details) Details http://iinx.biz/role/ConcentrationTables 24 false false R25.htm 00000025 - Disclosure - INCOME TAXES (Details) Sheet http://iinx.biz/role/IncomeTaxesDetails INCOME TAXES (Details) Details http://iinx.biz/role/IncomeTaxesTables 25 false false R26.htm 00000026 - Disclosure - INCOME TAXES (Details 1) Sheet http://iinx.biz/role/IncomeTaxesDetails1 INCOME TAXES (Details 1) Details http://iinx.biz/role/IncomeTaxesTables 26 false false R27.htm 00000027 - Disclosure - INCOME TAXES (Details Narrative) Sheet http://iinx.biz/role/IncomeTaxesDetailsNarrative INCOME TAXES (Details Narrative) Details http://iinx.biz/role/IncomeTaxesTables 27 false false All Reports Book All Reports iinx-20180930.xml iinx-20180930.xsd iinx-20180930_cal.xml iinx-20180930_def.xml iinx-20180930_lab.xml iinx-20180930_pre.xml http://xbrl.sec.gov/country/2017-01-31 http://fasb.org/srt/2018-01-31 http://fasb.org/us-gaap/2018-01-31 http://xbrl.sec.gov/dei/2018-01-31 true true ZIP 45 0001214659-18-007107-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001214659-18-007107-xbrl.zip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�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end