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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,716,347) $ (57,003)
Adjustments to Reconcile from Net Loss to Net Cash (Used in) Provided by Operating Activities    
Depreciation and amortization 12,871
Provision for uncollectible accounts 3,749,348  
Changes in Operating Assets and Liabilities:    
(Increase) in account receivable (4,177,743)
Decrease (Increase) in prepaid expenses 4,325 (4,144)
Increase in accounts payable 467,573 46,330
Increase in payroll payable 3,373
Increase in accrued expenses and other payables 68,577 25,599
Increase in advances and deposits 30,202
(Decrease) increase in other payable - related party (1,330) 1,330
Net Cash (Used in) Provided by Operating Activities (2,562,524) 14,155
CASH FLOWS FROM INVESTING ACTIVITIES    
Loan receivable (8,365,926)
Acquisition of plant and equipment (77,896)
Net Cash Used in Investing Activities (8,443,822)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash received from related party 5,000
Proceeds from sale of preferred stock to a related party 2,000
Proceeds for sale of common stock to related party 302,000
Proceeds for sale of common stock 6,230,225 3,972,500
Net Cash Provided by Financing Activities 6,232,225 4,279,500
Effect of Exchange Rate Fluctuations on Cash 646,728 (39,531)
Net (Decrease) Increase in Cash (4,127,393) 4,254,124
Cash - Beginning of Period 4,271,326 17,202
Cash - End of Period 143,933 4,271,326
Cash paid during the period for:    
Income tax
Interest
SUPPLEMENTAL DISCLOSURES FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Conversion of cash advances from related party into common stock 302,000
Conversion of cash advances received into common stock $ 3,972,500