Taxes (Tables)

12 Months Ended

Jun. 30, 2019

Taxes

Schedule of significant components of the provision for income taxes

Significant components of the provision for income taxes are as follows:

	For the year		For the year		For the year
	ended		ended		ended
	June 30, 2019		June 30, 2018		June 30, 2017
Current	$	—	$	841,312	$	919,566
Deferred tax expense (benefit)		213,649		(126,936)		(43,829)
Total provision for income taxes	$	213,649	$	714,376	$	875,737

Schedule of reconciliation of statutory tax rates to effective tax rate

The following table reconciles China statutory rates to the Company’s effective tax rate:

	June 30, 2019		June 30, 2018		June 30, 2017
China income tax rate	25.0	%	25.0	%	25.0	%
Change in valuation allowance	1.2	%	0.0	%	1.3	%
Income tax exemption status granted	(21.5)	%	(9.3)	%	0.0	%
Others*	0.0	%	0.2	%	0.0	%
Effective tax rate	4.7	%	15.9	%	26.3	%

Schedule of taxes payable

Taxes payable consisted of the following:

	June 30, 2019		June 30, 2018
Income taxes	$	2,805,722	$	2,909,223
Other taxes		169,324		128,362
Totals	$	2,975,046	$	3,037,585