Loans Receivable - Related Parties

9 Months Ended

Mar. 31, 2021

Loans Receivable - Related Parties

Loans Receivable - Related Parties

10. Loans Receivable – Related Parties

Loan receivables – related parties amounted $404,931 ($208,931 current and $196,000 noncurrent) and $318,535 ($122,535 current and $196,000 noncurrent) as of March 31, 2021 and June 30, 2020, respectively. Loan receivables – related parties are mainly advanced payments to the related party companies for business expense.