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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2020
Income Tax Disclosure [Abstract] |
Schedule of loss before provision for income taxes |
|  | For the year ended June 30, 2020 |  |  | For the year ended June 30, 2019 |  |  | For the year ended June 30, 2018 |
Cayman |  | $ | (4,851,668 | ) |  | $ | (6,470,553 | ) |  | $ | (2,307,119 | )
United States |  |  | (316,142 | ) |  |  | (188,869 | ) |  |  | - |
Hong Kong |  |  | (832 | ) |  |  | - |  |  |  | - |
|  | $ | (5,168,642 | ) |  | $ | (6,659,422 | ) |  | $ | (2,307,119 | )
Schedule of effective income tax rate |
|  | For the year ended June 30, 2020 |  |  | For the year ended June 30, 2019 |
Federal statutory rate |  |  | 21.0 | % |  |  | 21.0 | %
State statutory rate |  |  | 5.6 | % |  |  | 5.6 | %
Valuation allowance |  |  | (26.6 | )% |  |  | (26.6 | )%
Effective tax rate |  |  | 0.0 | % |  |  | 0.0 | %
Schedule of components of deferred tax assets |
|  | June 30, 2020 |  |  | June 30, 2019 |
Deferred tax assets |  |  |  |  |  |
Net operating loss carryforward in the U.S. |  |  | 134,378 |  |  |  | 50,256 |
Net operating loss carryforward in Hong Kong |  |  | 137 |  |  |  | - |
Valuation allowance |  |  | (134,515 | ) |  |  | (50,256 | )
Total net deferred tax assets |  | $ | - |  |  | $ | - |

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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