XML 101 R86.htm IDEA: XBRL DOCUMENT v3.21.2
Discontinued Operations (Details) - Schedule of discontinued operation of balance sheet and operations - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Current Assets    
Cash and cash equivalents $ 26,426 $ 96,185
Accounts receivable, net 4,905,066 6,641,255
Inventories 2,896,198 512,441
Other current assets 1,392,245 159,165
Related party receivable 0 0
Advances to suppliers 390,656 79,095
Total Current Assets 9,610,591 7,488,141
Plant, Property and Equipment, Net 0 14,780
Other assets 139,320 152,820
Intangible Assets, Net 51,940 112,575
Goodwill 1,573,984 1,438,751
Total Assets 11,375,835 9,207,067
Current Liabilities    
Accounts payable 1,235,297 445,059
Customer deposits 595,528 15,701
Accrued expenses and other payables 5,985,470 4,390,475
Amount due to related parties 0 0
Total Current Liabilities 7,816,295 4,851,235
Total Liabilities 7,816,295 4,851,235
Stockholders’ equity 3,559,540 4,355,832
Total Liabilities and Stockholders’ Equity 11,375,835 9,207,067
Revenue 8,519,069 19,815,384
Cost of goods sold 7,053,703 17,119,372
Selling expenses 297,449 344,185
General and administrative expenses 2,260,980 (1,397,894)
Other income (expense) 125 (34)
Income before provision (benefit) from income taxes (1,092,938) 3,749,687
Provision (benefit) for income taxes 83,560 240,941
(Loss) income from discontinued operations, net of taxes $ (1,176,498) $ 3,508,746