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Consolidated Balance Sheets
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Current Assets    
Cash and cash equivalents $ 405,786 $ 143,933
Account receivable, net 2,191,278 961,613
Account receivable - related parties, net 279,395 1,640,779
Inventories 98,831
Advance to suppliers - current 3,725,143
Other receivable from related party 209,014
Loan receivable from related party, net 6,417,350
Total Current Assets 6,909,447 9,163,675
Advance to supplier - non-current 5,922,077
Right of use asset - operating 3,359 2,813
Equipment, net 51,405 68,508
Total Assets 12,886,288 9,234,996
Current Liabilities    
Accounts payable 137,418 526,722
Related party loans 19,974
Accrued expenses and other payables 303,553 98,354
Advance from customers - related party 20,371
Advances and deposits 30,976
Operating lease liabilities 4,746
Total Current Liabilities 461,342 680,772
Total Liabilities 461,342 680,772
Commitments and Contingencies
Stockholders’ Equity (Deficit)    
Preferred Stock, $0.001 par value, 20,000,000 shares authorized; 50,000 shares issued and outstanding 50 50
Common Stock, $0.001 par value, 1,000,000,000 shares authorized; 14,009,945 issued and outstanding 14,010 14,010
Additional paid-in capital 10,535,909 10,515,935
Retained earnings (Accumulated deficit) 1,527,422 (2,796,477)
Accumulated other comprehensive income 346,846 820,706
Total Shengda Stockholders’ Equity 12,424,237 8,554,224
Non-controlling interests 709
Total Stockholders’ Equity 12,424,946 8,554,224
Total Liabilities and Stockholders’ Equity $ 12,886,288 $ 9,234,996