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Other Receivables | 12 Months Ended
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Jun. 30, 2020
Other Receivables Net [Abstract] |
Other receivables | Note 5 – Other receivables Other receivables consisted of the following:
|  | June 30, 2020 |  |  | June 30, 2019 |
Rent deposit |  | $ | 2,300 |  |  | $ | 2,300 |
Receivables from disposal of Sunway Kids (1) |  |  | 1,000,000 |  |  |  | - |
Other receivables |  | $ | 1,002,300 |  |  | $ | 2,300 |
(1) | The SK Purchaser promised to pay $2.4 million to the Company as per the executed agreement and it had subsequently settled $1.0 million of its payment obligations through a tri-party settlement agreement executed on September 29, 2020 among the Company, SK Purchaser and the Asset Seller. Since collection of the remaining $1.4 million cannot be reasonably assured, the Company only reported a receivable of $1.0 million as of June 30, 2020.

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