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Taxes Payable (Tables)
3 Months Ended
Sep. 30, 2025
Taxes Payable [Abstract]  
Schedule of Income Taxes and Related Payables

Income Taxes and Related Payables

 

   September 30,   June 30, 
   2025   2025 
VAT provision  $(980,695)  $(918,464)
Income tax payable   (2,173,563)   (2,160,101)
Other levies   612,228    596,866 
Repatriation tax   29,010,535    29,010,535 
Total  $26,468,505   $26,528,836 
Schedule of Provisions for Income Taxes

The provision for income taxes consists of the following:

 

   September 30,   September 30, 
   2025   2024 
Current tax - foreign  $(268)  $(38,878)
Deferred tax   
-
    
-
 
Total  $(268)  $(38,878)
Schedule of Deferred Tax Assets

Significant components of deferred tax assets were as follows:

 

   September 30,   June 30, 
   2025   2025 
Deferred tax assets        
Deferred tax benefit   33,549,531    33,344,920 
Valuation allowance   (32,990,957)   (32,786,614)
Total deferred tax assets  $558,574   $558,306 
Schedule of Effective Income Tax Rate Reconciliation Actual income tax benefit reported in the consolidated statements of operations and comprehensive income (loss) differ from the amounts computed by applying the US statutory income tax rate of 21.0% to income before income taxes for the three months ended September 30, 2025 and 2024 for the following reasons:
   China
15% - 25%
       United
States 21 %
       Total     
Pretax income  $1,591,622        $(504,093)       $1,087,529      
                               
Expected income tax expense (benefit)   397,905    25.0%   (105,860)   21.0%   292,046      
High-tech income benefits on Jinong        
-
    
 
    
-
    
 
      
Losses from subsidiaries in which no benefit is recognized   (398,173)   (25.0)%   
 
    
-
    (398,173)     
Change in valuation allowance on deferred tax asset from US tax benefit        
-
    105,860    (21.0)%   105,860      
Actual tax expense  $(268)   
-
%  $
-
    
-
   $(268)   0.0%

 

September 30, 2024

 

   China
15% - 25%
       United
States 21 %
       Total     
Pretax loss  $(1,317,653)       $(563,450)       $(1,881,103)     
                               
Expected income tax expense (benefit)   (329,413)   25.0%   (118,324)   21.0%   (447,738)     
High-tech income benefits on Jinong        
-
    
 
    
-
    
 
      
Losses from subsidiaries in which no benefit is recognized   290,535    (22.0)%   
 
    
-
    290,535      
Change in valuation allowance on deferred tax asset from US tax benefit        
-
    118,324    (21.0)%   118,324      
Actual tax expense  $(38,878)   3.0%  $
-
    
-
   $(38,878)   2.1%