Taxes Payable (Tables)

12 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Taxes Payable

Taxes payable consists of the following:

	As of		As of
	June 30, 2022		June 30, 2021
VAT	$	843	$	5,499
Income tax payable		198,140		10,566
Other taxes payable		9		(3,285	)
Taxes Payable	$	198,992	$	12,780

Schedule of Income Tax Domestic and Foreign

For financial reporting purposes, net income (loss) showing domestic and foreign sources was as follows:

	Year Ended June 30,
	2022			2021
Domestic	$	(236,892	)	$	(127,996	)
Foreign		4,778,122			(2,211,886	)
Net income (loss)	$	4,541,230		$	(2,339,882	)

Schedule of Reconciliation Income Tax Benefit

	June 30,
	2022			2021
Net income (loss) before income tax	$	4,541,230		$	(2,339,882	)
Computed tax expense (benefit) at statutory rate		953,658			(491,375	)
Taxes in foreign jurisdictions with rates different than US		191,125			(88,475	)
Effect of income tax holiday of PRC entities		(16,366	)		-
Utilization of net operating loss of PRC entities		(961,542	)		-
Valuation allowance of PRC entities		-			929,436
Valuation allowance of US parent company		49,747			26,879
Income tax expense	$	216,622		$	376,465

Schedule of Deferred Tax Assets

Net deferred tax assets of continuing operations consisted of the following:

	June 30,
	2022			2021
Deferred tax assets:
Accumulated net operating loss carry forward	$	95,600		$	45,859
Bad debt allowance for loan receivable		-			527,202
Bad debt allowance for accounts receivable		3,195			410,097
Less: valuation allowance		(98,795	)		(983,158	)
Net deferred tax assets	$	-		$	-