XML 36 R25.htm IDEA: XBRL DOCUMENT v3.24.3
Income Taxes (Tables)
3 Months Ended
Sep. 30, 2024
Income Taxes [Abstract]  
Schedule of Reconciliation of Income (loss) Before Income Taxes for Domestic and Foreign Locations A summary of income (loss) before income taxes for domestic and foreign locations for the three months ended September 30, 2024 and 2023 is as follows:
   For the Three Months Ended
September 30,
 
   2024   2023 
United States  $(109,772)  $(33,376)
Foreign   50,448    469,020 
Total Income (loss) before income taxes  $(59,324)  $435,644 
Schedule of U.S. Federal Statutory Income Tax Rate and Effective Tax Rate The difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows:
   For the Three Months Ended
September 30,
 
   2024   2023 
Income tax (benefit) at USA statutory rate   (21)%   (21)%
U.S. valuation allowance   21%   21%
Income tax (benefit) at USA effective rate   (0)%   (0)%
Schedule of PRC Statutory Income Tax Rate and the PRC Effective Tax Rate The difference between the PRC statutory income tax rate and the PRC effective tax rate was as follows:
   For the Three Months Ended
September 30,
 
   2024   2023 
Income tax (benefit) at PRC statutory rate   25%   25%
Utilization of net operating loss carry forward   0%   (1)%
PRC valuation allowance   (25)%   8%
Other   0%   (2)%
Income tax (benefit) at PRC effective rate   0%   30%
Schedule of Earliest Tax Year that Remain Subject to Examination The table below presents the earliest tax year that remains subject to examination by major jurisdiction.
    Earliest tax year that
remains subject to examination
U.S. Federal   June 30, 2021
China   June 30, 2020