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Commitments and contingencies (Tables)
12 Months Ended
Jun. 30, 2019
Loss Contingencies [Line Items]  
Schedule of minimum lease payment for operating lease

The Company’s commitment for minimum lease payment under these operating leases for the next five years is as follow:

 

 

 

 

 

Twelve months ending June 30, 

    

Minimum lease payment

2020

 

$

234,291

2021

 

 

233,339

2022

 

 

239,767

2023

 

 

248,205

2024

 

 

256,677

Thereafter

 

 

519,321

Total minimum payments required (1)

 

$

1,731,600


Schedule of Guarantees

 

 

 

 

 

 

Name of party being guaranteed

    

Guaranteed amount

Hunan Huade Food Co. Ltd. (borrower)

 

$

728,141

 

Schedule of accrued potential losses

As of June 30, 2019, the amounts of potential losses the Company accrued for are summarized as follows:

 

 

 

 

 

Dispute matter

    

Claim amount

1) Leases

 

$

21,974

2) Worker compensation

 

 

21,681

Total

 

$

43,655

 

Schedule of not accrued potential losses

As of June 30, 2019, the amounts of potential losses the Company did not accrue for are summarized as follows:

 

 

 

 

 

Dispute matter

    

Claim amount

1) Guarantees

 

$

262,413

2) Commercial

 

 

30,458

3) Leases

 

 

115,933

4) Worker compensation

 

 

7,269

Total

 

$

416,073

 

Chongqin Penglin Food Co., Ltd  
Loss Contingencies [Line Items]  
Schedule of Guarantees

 

 

 

 

 

 

 

 

Name of the party being guaranteed

    

Guaranteed amount

    

Guarantee expiration date

CQ Mingwen (borrower)

 

$

1,310,654

 

December 25, 2019