Termination of Vie Agreements with Shareholders of 39PU (Tables)

12 Months Ended

Jun. 30, 2022

Termination Of Vie Agreements With Shareholders Abstract

Schedule of reconciliation of the fair value of major classes of assets acquired and liabilities

	June 30, 2022		June 30, 2021
ASSETS
Cash	$	44,078	$	432,789
Short-term investments		647,819		2,526,328
Trade receivables		374,697		291,106
Inventories		723,199		1,362,700
Other current assets		108,301		315,934
Goodwill		-		9,573,081
Property and equipment, net		938,408		1,243,805
Intangible assets		1,672		2,106
Right of use assets		234,047		981,264
Total Assets	$	3,072,221	$	16,729,113
LIABILITIES
Other current liabilities	$	51,818	$	323,313
Income tax payable		142,447		147,759
Lease liabilities		124,263		925,097
Total Liabilities	$	318,528	$	1,396,169

Schedule of finalization of the purchase price allocation

	For the Years Ended June 30,
	2022			2021			2020
Revenue	$	1,672,504		$	5,353,166		$	417,705
Cost of revenues		(1,326,413	)		(3,571,175	)		(160,768	)
General and administrative expenses		(2,790,108	)		(1,619,508	)		(426,655	)
Impairment of goodwill		(9,573,081	)		-			-
Other (expenses) income		(459,473	)		166,269			137,417
Income tax expenses		-			(145,542	)		-
Net (loss) income from discontinued operations	$	(12,476,571	)	$	183,210		$	(32,301	)