Discontinued Operations (Tables)

12 Months Ended

Jun. 30, 2022

Discontinued Operations [Abstract]

Schedule of discontinuation of shareholders Table Text Block

Working Capital	$	358,715
Intangible assets		128,677
Total Asset	$	487,392

Working Capital	$	805,005
Fixed Assets		91,033
Intangible Assets		86,456
Total Asset		982,494

Working Capital	$	(621,154	)
Intangible assets	$	103,532
Total Asset	$	(517,622	)

Working Capital	$	833,252
Fixed Assets		34,394
Intangible Assets		170,514
Total Asset		1,038,160

Schedule of purchase consideration from Lishijie’s shareholders

Cash	$	550,550
Total Payback	$	487,392
Net Gain (Loss)		63,158

Cash	$	1,376,375
Total Payback	$	982,494
Net Gain (Loss)		393,881

Cash	$	503,360
Total Payback	$	(517,622	)
Net Gain (Loss)	$	1,020,982

Cash	$	1,337,050
Total Payback	$	1,038,160
Net Gain (Loss)		298,890

Schedule of discontinued operation for the periods presented

	June 30,		June 30,
	2022		2021
ASSETS
Current Assets
Cash and cash equivalents	$	741,178	$	253,566
Accounts receivable, net		9,229,194		35,360,138
Inventories		6,488,546		6,681,758
Other current assets		156,215		477,693
Related party receivable		-		-
Advances to suppliers		378,944		277,563
Total Current Assets		16,994,077		43,050,718
Plant, Property and Equipment, Net		119,047		138,662
Other assets		-		-
Intangible Assets, Net		464,301		673,213
Goodwill		-		-
Total Assets	$	17,577,425	$	43,862,593
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Accounts payable	$	6,355,582	$	14,736,412
Customer deposits		450,094		167,059
Accrued expenses and other payables		8,882,555		6,294,561
Amount due to related parties		-		-
Total Current Liabilities		15,688,231		21,198,032
Total Liabilities	$	15,688,231		21,198,032
Stockholders’ equity		1,889,194		22,664,561
Total Liabilities and Stockholders’ Equity	$	17,577,425	$	43,862,593

	Years Ended June 30,
	2022			2021
Revenue	$	13,355,521		$	58,644,973
Cost of goods sold		18,096,890			49,468,171
Selling expenses		841,934			1,795,785
General and administrative expenses		12,217,098			(70,476	)
Other income (expense)		414			5,803
Income before provision (benefit) from income taxes		(17,799,987	)		7,457,296
Provision (benefit) for income taxes		41,650			2,211,104
(Loss) income from discontinued operations, net of taxes	$	(17,841,637	)	$	5,246,192