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Related party transactions and balances (Tables)

12 Months Ended

Jun. 30, 2019

a. Revenues – related parties:


		For the Year		For the Year		For the Year
		Ended June 30,		Ended June 30,		Ended June 30,
Name of related party	Relationship	2019		2018		2017

Chongqing Mingwen Food Co., Ltd. (“CQ Mingwen”)	President is the daughter-in-law of the Company’s Chief Executive Officer (“CEO”)	$	—	$	36,091	$	66,525
Chongqing Pengmei Supermarket Co., Ltd (“CQ Pengmei”)	Indirectly owned by CEO and CEO’s spouse		—		334,147		—
		$	—	$	370,238	$	66,525

a. Accounts receivable – related party:


Name of related party	Relationship	June 30, 2019		June 30, 2018

CQ Pengmei	Significantly influenced by Penglin	$	—	$	56,955	(1)

(1)

On July 2, 2018, the Company acquired CQ Pengmei and the balance was eliminated upon acquisition subsequent to July 2, 2018.

b. Customer deposit – related party:


Name of related party	Relationship	June 30, 2019		June 30, 2018

CQ Mingwen	Significantly influenced by Penglin	$	29,643	$	31,482


Name of related party	Relationship	June 30, 2019		June 30, 2018

CQ Pengmei	Significantly influenced by Penglin	$	—	$	373,065	(2)

(2) On July 2, 2018, the Company acquired CQ Pengmei and the balance was eliminated upon acquisition subsequent to July 2, 2018.

Weighted

average

Collateral/

Short term loans

Relationship

Maturities

interest rate

Guarantee

June 30, 2019

June 30, 2018

Xia Wang

Chief Financial Officer

February 20, 2020

9.60

None

104,852

—

Penglin Wang

Son of CEO

December 27, 2019

9.60

None

224,268

—

Total

329,120

—