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OTHER ASSETS (Tables)
3 Months Ended
Sep. 30, 2019
Other Assets [Abstract]  
Other assets
   Sept. 30, 2019
(Unaudited)
  June 30,
2019
Down payment for purchase of investment properties *  $1,645   $1,645 
Down payment for purchase of property, plant and equipment   —      100 
Deposits for rental and utilities   169    169 
Currency translation effect   (220)   (164)
Total  $1,594   $1,750 

 

*Down payment for purchase of investment properties included:

 

   RMB  US Dollars
Original investment( 10% if Junzhou equity)  $10,000   $1,606 
Less: Management Fee   (5,000)   (803)
Net Investment   5,000    803 
Less: Share of loss on Joint Venture   (137)   (22)
Net Investment as downpayment(Note *a)   4,863    781 
Loans Receivable   5,000    814 
Interest Receivable   1,250    200 
Less:Impairment of Interest   (906)   (150)
Transferred to downpayment(Note *b)   5,344    864 
* Down payment for purchase of investment properties   10,207    1,645