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Other Current Assets
6 Months Ended
Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets
6. Other Current Assets  

 

As of December 31, 2019 and June 30, 2019, other current assets consisted of the following:

 

    For the periods ended
    December 31, 2019   June 30, 2019
Prepaid Deposit   $ 2,314,498     $ 2,145,000  
Prepaid Inventory     44,308       172,045  
Employees Advance     —         16,052  
Prepaid Expenses     97,768       358,702  
Other     2,118       28,075  
Total:   $ 2,458,692     $ 2,719,875  

 

Our 2,314,498 in prepaid deposit as of December 31, 2019 was mainly related to the following investments to other companies:

  a. $1,175,000 related to investment in Sky Unlimited;

 

  b. $196,000 related to investment in Hempistry Inc.;

 

  c. $870,000 paid for BZRTH acquisition.