Taxes Payable (Tables)

6 Months Ended

Dec. 31, 2023

Taxes Payable [Abstract]

Schedule of Income Taxes and Related Payable

Income Taxes and Related Payables

	December 31,			June 30,
	2023			2023
VAT provision	$	(571,108	)	$	(398,499	)
Income tax payable		(2,185,015	)		(2,132,400	)
Other levies		605,434			591,325
Repatriation tax		29,010,535			29,010,535
Total	$	26,859,846		$	27,070,961

Schedule of Provision for Income Taxes

The provision for income taxes consists of the following:

	December 31,			December 31,
	2023			2022
Current tax - foreign	$	(16,355	)	$	-
Deferred tax		-			-
Total	$	(16,355	)	$	-

Schedule of Deferred Tax Assets

Significant components of deferred tax assets were as follows:

	December 31,			June 30,
	2023			2023
Deferred tax assets
Deferred Tax Benefit		33,278,942			32,464,001
Valuation allowance		(33,164,766	)		(32,366,181	)
Total deferred tax assets	$	114,175			97,820

Schedule of Effective Income Tax Rate Reconciliation

Actual income tax benefit reported in the consolidated statements of operations and comprehensive income (loss) differ from the amounts computed by applying the US statutory income tax rate of 21.0% to income before income taxes for the six months ended December 31, 2023 and 2022 for the following reasons:

	China 15% - 25%					United States 21%					Total
Pretax loss	$	(4,831,871	)				(2,338,679	)				(7,170,550	)
Expected income tax expense (benefit)		(1,207,968	)	25.0	%		(491,123	)	21.0	%		(1,699,090	)
High-tech income benefits on Jinong		-		-			-					-
Losses from subsidiaries in which no benefit is recognized		1,191,613		-24.7	%		-					1,191,613
Change in valuation allowance on deferred tax asset from US tax benefit		-		-			491,123		-21.0	%		491,123
Actual tax expense	$	(16,355	)	0.3	%		-		-			(16,355	)	0.2	%

	China 15% - 25%					United States 21%					Total
Pretax loss	$	(2,412,874	)				(1,711,786	)			$	(4,124,660	)
Expected income tax expense (benefit)		(603,219	)	25.0	%		(359,475	)	21.0	%		(962,693	)
High-tech income benefits on Jinong		142,607		(5.9	)%		-		-			142,607
Losses from subsidiaries in which no benefit is recognized		460,612		(19.1	)%		-		-			460,612
Change in valuation allowance on deferred tax asset from US tax benefit		-		0	%		359,475		(21.0	)%		359,475
Actual tax expense	$	-		0	%	$	-		0	%	$	-		0	%