XML 46 R36.htm IDEA: XBRL DOCUMENT v3.20.2
OTHER ASSETS (Tables)
3 Months Ended
Sep. 30, 2020
Other Assets [Abstract]  
Other assets
   

Sept. 30, 2020

(Unaudited)

   

June 30,

2020

 
Down payment for purchase of investment properties *   $ 1,645     $ 1,645  
Down payment for purchase of property, plant and equipment     69       8  
Deposits for rental and utilities     166       171  
Currency translation effect     (142 )     (215 )
Total   $ 1,738     $ 1,609  

 

*Down payment for purchase of investment properties included:

 

    RMB     US Dollars  
Original investment (10% of Jun Zhou 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 down payment(Note *a)     4,863       781  
Loans Receivable     5,000       814  
Interest Receivable     1,250       200  
Less: Impairment of Interest     (906 )     (150 )
Transferred to down payment(Note *b)     5,344       864  
* Down payment for purchase of investment properties     10,207       1,645