CONCENTRATIONS AND RISKS	9 Months Ended
Mar. 31, 2023
Risks and Uncertainties [Abstract]
CONCENTRATIONS AND RISKS	NOTE 18 - CONCENTRATIONS AND RISKS The Company maintains principally all bank accounts in the PRC. The cash balance held in the PRC bank accounts was US$15,334,432 and US$15,164,950 as of March 31, 2023 and June 30, 2022, respectively. During the nine and three months ended March 31, 2023 and 2022, almost 100% of the Company’s assets were located in the PRC and 100% of the Company’s revenues were derived from its subsidiaries and VIEs located in the PRC. For the nine months ended March 31, 2023, four customers accounted for approximately 65% of the Company’s total sales. For the three months ended March 31, 2023, three customers accounted for approximately 44% of the Company’s total sales. At March 31, 2023, three customers accounted for approximately 66% of the Company’s accounts receivable. For the nine months ended March 31, 2022, five customers accounted for approximately 76% of the Company’s total sales. For the three months ended March 31, 2022, five customers accounted for approximately 81% of the Company’s total sales. For the nine months ended March 31, 2023, two vendors accounted for approximately 98% of the Company’s total purchases. For the three months ended March 31, 2023, two vendors accounted for approximately 96% of the Company’s total purchases. For the nine months ended March 31, 2022, one vendor accounted for approximately 92% of the Company’s total purchases. For the three months ended March 31, 2022, two vendors accounted for approximately 83% and 17% of the Company’s total purchases, respectively.

CONCENTRATIONS AND RISKS

9 Months Ended

Mar. 31, 2023

NOTE 18 - CONCENTRATIONS AND RISKS

The Company maintains principally all bank accounts in the PRC. The cash balance held in the PRC bank accounts was US$15,334,432 and US$15,164,950 as of March 31, 2023 and June 30, 2022, respectively.

During the nine and three months ended March 31, 2023 and 2022, almost 100% of the Company’s assets were located in the PRC and 100% of the Company’s revenues were derived from its subsidiaries and VIEs located in the PRC.

For the nine months ended March 31, 2023, four customers accounted for approximately 65% of the Company’s total sales. For the three months ended March 31, 2023, three customers accounted for approximately 44% of the Company’s total sales. At March 31, 2023, three customers accounted for approximately 66% of the Company’s accounts receivable.

For the nine months ended March 31, 2022, five customers accounted for approximately 76% of the Company’s total sales. For the three months ended March 31, 2022, five customers accounted for approximately 81% of the Company’s total sales.

For the nine months ended March 31, 2023, two vendors accounted for approximately 98% of the Company’s total purchases. For the three months ended March 31, 2023, two vendors accounted for approximately 96% of the Company’s total purchases.

For the nine months ended March 31, 2022, one vendor accounted for approximately 92% of the Company’s total purchases. For the three months ended March 31, 2022, two vendors accounted for approximately 83% and 17% of the Company’s total purchases, respectively.