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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 2,754,473 $ 1,025,050
Adjustments to Reconcile Net Cash (Used in) Provided by Operating Activities    
Depreciation and amortization 14,341 8,215
Recovery of uncollectible accounts (3,198,342)
Provision for uncollectible accounts 1,017,490
Forgiveness of debt (19,974)
Changes in Operating Assets and Liabilities:    
Decrease (Increase) in account receivable 1,571,491 (3,470,436)
(Increase) in advance to suppliers - current (4,084,189) (622,291)
(Increase) in other receivable (32,238)
Decrease in prepaid expenses 3,623
(Decrease) increase in accounts payable (514,613) 122,015
Increase in accrued expenses and other payables 168,684 327,023
(Decrease) in advances and deposits (31,231) 29,945
(Decrease) Increase in other payable - related party (1,330)
Net Cash (Used in) Operating Activities (2,354,108) (2,578,186)
CASH FLOWS FROM INVESTING ACTIVITIES    
Loan receivable 9,449,984 (8,085,285)
(Increase) in advance to suppliers - non-current (6,194,239)
Acquisition of plant and equipment (77,234)
Net Cash Provided by (Used in) Investing Activities 3,255,745 (8,162,519)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds for sale of common stock to related party 2,000
Proceeds for sale of common stock 6,230,225
Net Cash Provided by Financing Activities 6,232,225
Effect of Exchange Rate Fluctuation on Cash and Cash Equivalents (1,001,934) 554,244
Net (Decrease) Increase in Cash and Cash Equivalents (100,297) (3,954,236)
Cash - Beginning of Period 143,933 4,271,326
Cash - End of Period 43,636 317,090
Cash paid during the period for:    
Income tax
Interest