SEGMENT REPORTING (Tables)

6 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

SCHEDULE OF INFORMATION BY SEGMENT

The following table presents summarized information by segment for the six months ended December 31, 2022:

	For the six months ended December 31, 2022
	Luobuma			Other agricultural			Freight
	products			products			services			Total
Segment revenue	$	19,222		$	823,685		$	232,038		$	1,074,945
Cost of revenue and related business and sales tax		8,944			1,115,447			161,299			1,285,690
Gross profit (loss)		10,278			(291,762	)		70,739			(210,745	)
Gross profit (loss) %		53.5	%		(35.4	)%		30.5	%		(19.6	)%

The following table presents summarized information by segment for the six months ended December 31, 2021:

	For the six months ended December 31, 2021
	Luobuma			Other agricultural			Freight
	products			products			services			Total
Segment revenue	$	34,768		$	875,191		$	452,373		$	1,362,332
Cost of revenue and related business and sales tax		150,305			2,084,782			418,481			2,653,568
Gross profit (loss)		(115,537	)		(1,209,591	)		33,892			(1,291,236	)
Gross profit (loss) %		(332.3	)%		(138.2	)%		7.5	%		(94.8	)%

The following table presents summarized information by segment for the three months ended December 31, 2022:

	For the three months ended December 31, 2022
	Luobuma			Other agricultural			Freight
	products			products			services			Total
Segment revenue	$	13,648		$	395,089		$	130,510		$	539,247
Cost of revenue and related business and sales tax		8,738			566,505			83,872			659,115
Gross profit (loss)		4,910			(171,416	)		46,638			(119,868	)
Gross profit (loss) %		36.0	%		(43.4	)%		35.7	%		(22.2	)%

The following table presents summarized information by segment for the three months ended December 31, 2021:

	For the three months ended December 31, 2021
	Luobuma			Other agricultural			Freight
	products			products			services			Total
Segment revenue	$	21,260		$	422,804		$	288,510		$	732,574
Cost of revenue and related business and sales tax		8,467			1,016,528			269,270			1,294,265
Gross profit (loss)		12,793			(593,724	)		19,240			(561,691	)
Gross profit (loss) %		60.2	%		(140.4	)%		6.7	%		(76.7	)%

Total assets as of December 31, 2022 and June 30, 2022 were as follows:

	December 31, 2022		June 30, 2022
Luobuma products	$	7,850,331	$	10,982,562
Other agricultural products		44,705,088		46,488,334
Freight services		6,504,587		6,355,121
Total assets	$	59,060,006	$	63,826,017