Due from Related Party

6 Months Ended

Dec. 31, 2018

Related Party Transactions [Abstract]

DUE FROM RELATED PARTY

(5) DUE FROM RELATED PARTY

On March 22, 2018, the Board of Directors approved the execution of two agreements with Xi'an IDI Laser Image Ltd. ("Xi'an") of China, an affiliated company of IDSI. The agreements are a Know How Transfer Contract and a CTLM Know How Confidentiality Agreement. The contract, having a term of 20 years, stipulates that Xi'an will pay IDSI a know how transfer fee of 25% of revenue for CTLM product sales in their territory, which includes China, Hong Kong, Macau and Taiwan. The Company also sells inventory parts or acquires parts from third parties on behalf of Xi'an. For the six months ended December 31, 2018 and 2017, such sales totaled $149,066 and $15,158, respectively. As of December 31, 2018 and June 30, 2018, the Company has receivables from related parties of $134,018 and $34,853, respectively as a result of sales of inventory parts or acquisition of parts from third parties on behalf of Xi'an. Xi'an and Viable have common ownership hence these transactions are considered related party transactions.