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TAXES (Tables)
9 Months Ended
Mar. 31, 2024
Income Tax Disclosure [Abstract]  
SCHEDULE OF INCOME TAX BENEFIT

i) The components of the income tax provision (benefit) were as follows:

 

   2024   2023   2024   2023 
  

For the nine months ended

March 31,

   For the three months ended March 31, 
   2024   2023   2024   2023 
Current income tax provision  $5,744   $-   $5,744   $- 
Deferred income tax provision (benefit)   (465,783)   (33,089)   492,145    (33,089)
Total income tax provision (benefit)   (460,039)   (33,089)   497,889    (33,089)
Less: income tax provision, held for discontinued operations   -    -    -    - 
Income tax provision (benefit), held for continuing operations  $(460,039)  $(33,089)  $497,889   $(33,089)
SCHEDULE OF FINANCIAL BASIS AND TAX BASIS OF ASSETS AND LIABILITIES

ii) The components of the deferred tax liability were as follows:

 

   March 31, 2024   June 30, 2023 
Deferred tax assets:          
Allowance for credit loss/doubtful accounts  $577,553   $1,360,693 
Inventory reserve   1,532    281,237 
Net operating loss carry-forwards   1,710,650    1,223,159 
Total   2,289,735    2,865,089 
Valuation allowance   (1,884,763)   (2,471,066)
Total deferred tax assets   404,972    394,023 
Deferred tax liability:          
Intangible assets   (10,542,990)   (1,810,615)
Total deferred tax liability   (10,542,990)   (1,810,615)
Deferred tax liability, net   (10,138,018)   (1,416,592)
Less: deferred tax liability, net, held for discontinued operations   -    - 
Deferred tax liability, net, held for continuing operations  $(10,138,018)  $(1,416,592)
SCHEDULE OF MOVEMENT OF VALUATION ALLOWANCE

Movement of the valuation allowance:

 

   March 31, 2024   June 30, 2023 
         
Beginning balance  $2,471,066   $2,543,366 
Acquisition of subsidiaries   155,452    376,085 
Disposal of Tenet Jove   (2,407,610)   - 
Current year addition (reduction)   1,654,403    (252,836)
Exchange difference   11,452    (195,549)
Ending balance   1,884,763    2,471,066 
Less: valuation allowance, held for discontinued operations   -    (2,396,504)
Valuation allowance, held for continuing operations  $1,884,763   $74,562 
SCHEDULE OF TAXES PAYABLE

Taxes payable consisted of the following:

 

   March 31, 2024   June 30, 2023 
         
Income tax payable  $1,236,597   $1,048,188 
Value added tax payable   240,403    46,451 
Business tax and other taxes payable   832    3,834 
Total tax payable   1,477,832    1,098,473 
Less: tax payable, held for discontinued operations   -    (262,459)
Tax payable, held for continuing operations  $1,477,832   $836,014 
           
Income tax payable - current portion  $1,142,687   $763,328 
Less: income tax payable - current portion, held for discontinued operations   -    (262,459)
Income tax payable - current portion, held for continuing operations  $1,142,687   $500,869 
           
Income tax payable - noncurrent portion  $335,145   $335,145 
Less: income tax payable - noncurrent portion, held for discontinued operations   -    - 
Income tax payable - noncurrent portion, held for continuing operations  $335,145   $335,145