Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities
Net income	$ (84,618,989)	$ 16,635,439
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	3,543,104	3,671,827
Gain (Loss) on disposal of property, plant and equipment	33,923	4,524
Provision for losses on accounts receivable	76,346,104	488,806
Amortization of debt discount	41,814	308,815
Issuance of common stock for consulting services fee	0	370,500
Change in fair value of derivative liability	(17,782)	(62,539)
Changes in operating assets
Accounts receivable	(103,436,382)	16,893,932
Amount due from related parties		228,635
Other current assets	(681,319)	(408,198)
Inventories	95,744,236	(78,208,217)
Advances to suppliers	(30,473,093)	(26,287,635)
Other assets	1,414,043	(481,965)
Changes in operating liabilities
Accounts payable	1,906,246	(17,053,253)
Customer deposits	1,414,707	627,242
Tax payables	(663,905)	3,183,956
Accrued expenses and other payables	744,750	1,045,892
Interest payable	25,659	207,758
Net cash provided by (used in) operating activities	(38,676,884)	(77,964,267)
Cash flows from investing activities
Purchase of plant, property, and equipment	(66,210)	(59,096)
Change in construction in process		16,216
Net cash provided by (used in) investing activities	(66,210)	(42,880)
Cash flows from financing activities
Proceeds from the sale of common stock	10,252,000
Proceeds from loans	282,200
Advance from related party	600,000	409,230
Repayment of loans		(190,536)
Net cash provided by (used in) financing activities	11,134,200	218,694
Effect of exchange rate change on cash and cash equivalents	(3,339,772)	(3,775,148)
Net increase (decrease) in cash and cash equivalents	(30,948,665)	(81,563,601)
Cash and cash equivalents, beginning balance	72,259,804	150,805,639
Cash and cash equivalents, ending balance	41,311,137	69,242,037
Supplement disclosure of cash flow information
Interest expense paid	215,195	106,307
Income taxes paid	$ 2,802,117	$ 2,137,715

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