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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) $ 4,324,608 $ (2,716,347)
Adjustments to Reconcile Net Cash (Used in) Provided by Operating Activities    
Depreciation and amortization 19,165 12,871
Recovery of uncollectible accounts (3,833,540)
Provision for uncollectible accounts 12,780 3,749,348
Changes in Operating Assets and Liabilities:    
Account receivable (18,914,211) (1,019,617)
Account receivable - related parties 20,623,495 (3,158,126)
Inventories (102,546)
Advance to suppliers - current (3,865,195)
Advance to supplier – non-current (6,144,726)
Prepaid expenses 4,325
Accounts payable (389,562) 467,573
Accrued expenses and other payables 213,551 68,577
Advance from customers - related party 21,137
Advances and deposits (30,982) 30,202
Other payable - related party (1,330)
Net Cash Used in Operating Activities (8,066,026) (2,562,524)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from collection of loan receivable from related party 8,365,090 (8,365,926)
Acquisition of equipment (77,896)
Net Cash Provided by (Used in) Investing Activities 8,365,090 (8,443,822)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from sale of preferred stock to a related party 2,000
Proceeds from 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 (37,211) 646,728
Net Increase (Decrease) in Cash and Cash Equivalents 261,853 (4,127,393)
Cash - Beginning of Year 143,933 4,271,326
Cash - End of Year 405,786 143,933
Cash paid during the year for:    
Income tax 21,561 376,465
SUPPLEMENTAL SCHEDULE OF NON-CASH ACTIVITIES    
Forgiveness of debt 19,974
Conversion of cash advances from related party into common stock 302,000
Conversion of cash advances received into common stock $ 3,972,500