XML 10 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets
Sep. 30, 2022
USD ($)
Jun. 30, 2022
USD ($)
Current Assets    
Cash $ 608,550 $ 405,786
Account receivable, net 2,715,697 2,191,278
Account receivable - related parties, net 263,079 279,395
Inventories 559,245 98,831
Advances to suppliers - current 2,458,417 3,725,143
Other receivable 61,018
Other receivable from related party 196,809 209,014
Total Current Assets 6,862,815 6,909,447
Advance to supplier - non-current 5,576,252 5,922,077
Right of use asset - operating 2,109 3,359
Equipment, net 44,959 51,405
Total Assets 12,486,135 12,886,288
Current Liabilities    
Accounts payable 99,185 137,418
Accrued expenses and other payables 236,809 303,553
Advance from customers 48,748
Advance from customers - related party 20,371
Total Current Liabilities 384,742 461,342
Total Liabilities 384,742 461,342
Commitments and Contingencies
Stockholders’ Equity    
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 shares issued and outstanding 14,010 14,010
Additional paid-in capital 10,535,909 10,535,909
Retained earnings 1,941,278 1,527,422
Accumulated other comprehensive income (loss) (396,003) 346,846
Total Shengda Stockholders’ Equity 12,095,244 12,424,237
Non-controlling interests 6,149 709
Total Stockholders’ Equity 12,101,393 12,424,946
Total Liabilities and Stockholders’ Equity $ 12,486,135 $ 12,886,288