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Taxes Payable (Tables)
6 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of income taxes and related payables
   December 31,   June 30, 
   2021   2021 
VAT provision  $(393,304)  $(284,940)
Income tax payable   (263,804)   1,136,929 
Other levies   2,726,494    2,679,970 
Repatriation tax   29,010,535    29,010,535 
Total  $31,079,921   $32,542,494 

 

Schedule of provision for income taxes
   December 31,   December 31, 
   2021   2020 
Current tax - foreign  $629,004   $3,047,841 
Deferred tax   
-
    
-
 
Total  $629,004   $3,047,841 

 

Schedule of deferred tax assets
   December 31,   June 30, 
   2021   2021 
Deferred tax assets        
Deferred Tax Benefit   36,946,301    36,359,106 
Valuation allowance   (36,946,301)   (36,359,106)
Total deferred tax assets  $
-
    
-
 

  

Schedule of effective income tax rate reconciliation
   China       United States             
   15% - 25%       21%       Total     
Pretax income (loss)  $(45,930,217)        (500,923)       $(46,431,140)     
                               
Expected income tax expense (benefit)   (11,482,554)   25.0%   (105,194)   21.0%   (11,587,748)     
High-tech income benefits on Jinong   1,551,499    (3.4)%   
-
    
-
    1,551,499      
Losses from subsidiaries in which no benefit is recognized   9,972,865    (21.7)%   
-
    
-
    9,972,865      
Change in valuation allowance on deferred tax asset from US tax benefit   587,195    (1.3)%   105,194    (21.0)%   692,389      
Actual tax expense  $629,004    (1.4)%  $
-
    
-
%  $629,004    (1.4)%

 

   China       United States             
   15% - 25%       21%       Total     
Pretax income (loss)  $(65,557,592)        (970,067)       $(66,527,659)     
                               
Expected income tax expense (benefit)   (16,389,398)   25.0%   (203,714)   21.0%   (16,593,112)     
High-tech income benefits on Jinong   1,528,049    (2.3)%   
-
    
-
    1,528,049      
Losses from subsidiaries in which no benefit is recognized   15,632,400    (23.8)%   
-
    
-
    15,632,400      
Change in valuation allowance on deferred tax asset from US tax benefit   2,276,790    (3.5)%   203,714    (21.0)%   2,480,504      
Actual tax expense  $3,047,841    (4.6)%  $
-
    
-
%  $3,047,841    (4.6)%