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Condensed financial information of the parent company (Tables) | 12 Months Ended
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Jun. 30, 2020
Condensed Financial Information Disclosure [Abstract] |
Schedule of parent company balance sheets |
|  | June 30, 2020 |  |  | June 30, 2019 |
ASSETS
CURRENT ASSETS: |  |  |  |  |  |
Cash |  | $ | 793,234 |  |  | $ | 60,122 |
Other receivables |  |  | 1,002,300 |  |  |  | 2,300 |
Prepayments and advances |  |  | 150,000 |  |  |  | 25,000 |
Total current assets |  |  | 1,945,534 |  |  |  | 87,422 |
OTHER ASSETS: |  |  |  |  |  |  |  |
Intercompany receivable |  |  | 1,709,710 |  |  |  | 19,149,878 |
Investment in subsidiaries |  |  | 3,457,764 |  |  |  | - |
Total other assets |  |  | 5,167,474 |  |  |  | 19,149,878 |
Total assets |  | $ | 7,113,008 |  |  | $ | 19,237,300 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |
Other payables and accrued liabilities |  | $ | 511,799 |  |  | $ | 203,292 |
Other payables - shareholders |  |  | 10,711 |  |  |  | 540,000 |
Loans payable - employee |  |  | - |  |  |  | 308,089 |
Total current liabilities |  |  | 552,510 |  |  |  | 1,051,381 |
OTHER LIABILITIES: |  |  |  |  |  |  |  |
Loss in excess of investment in subsidiaries |  |  | - |  |  |  | 17,665,121 |
Total other liabilities |  |  | - |  |  |  | 17,665,121 |
Total liabilities |  |  | 552,510 |  |  |  | 18,716,502 |
COMMITMENTS AND CONTINGENCIES |  |  |  |  |  |  |  |
SHAREHOLDERS’ EQUITY: |  |  |  |  |  |  |  |
Preferred share, $0.001 par value, 1,000,000 shares authorized, no share issued or outstanding |  |  | - |  |  |  | - |
Ordinary share, $0.001 par value, 74,000,000 shares authorized, 25,623,822 and 7,174,626 shares issued and outstanding as of June 30, 2020 and 2019, respectively |  |  | 25,624 |  |  |  | 7,175 |
Additional paid-in-capital |  |  | 69,689,789 |  |  |  | 54,237,082 |
Deferred stock compensation |  |  | (1,201,183 | ) |  |  | (3,161,200 | )
Deficit |  |  | (61,923,732 | ) |  |  | (64,031,446 | )
Statutory reserves |  |  | - |  |  |  | 6,248,092 |
Accumulated other comprehensive income |  |  | - |  |  |  | 7,221,095 |
Total shareholders’ equity |  |  | 6,590,498 |  |  |  | 520,798 |
Total liabilities and shareholders’ equity |  | $ | 7,113,008 |  |  | $ | 19,237,300 |
Schedule of parent company statements of operations and comprehensive loss |
|  | For the Years Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
GENERAL AND ADMINISTRATIVE EXPENSES |  | $ | (1,402,044 | ) |  | $ | (1,756,972 | ) |  | $ | (858,605 | )
STOCK COMPENSATION EXPENSE |  |  | (3,444,617 | ) |  |  | (4,592,200 | ) |  |  | (1,388,501 | )
LOSS FROM OPERATIONS |  |  | (4,846,661 | ) |  |  | (6,349,172 | ) |  |  | (2,247,106 | )
OTHER INCOME (EXPENSE), NET |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | - |  |  |  | 84 |  |  |  | 13 |
Finance expense |  |  | (5,007 | ) |  |  | (1,465 | ) |  |  | (26 | )
Equity loss of subsidiaries |  |  | (12,562,142 | ) |  |  | (8,037,977 | ) |  |  | (5,152,846 | )
Gain on sale of subsidiaries |  |  | 5,787,213 |  |  |  | - |  |  |  | - |
TOTAL OTHER EXPENSE, NET |  |  | (6,779,936 | ) |  |  | (8,039,358 | ) |  |  | (5,152,859 | )
NET LOSS |  |  | (11,626,597 | ) |  |  | (14,388,530 | ) |  |  | (7,399,965 | )
OTHER COMPREHENSIVE INCOME (LOSS): |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation income (loss) |  |  | - |  |  |  | (335,080 | ) |  |  | 347,097 |
COMPREHENSIVE LOSS |  | $ | (11,626,597 | ) |  | $ | (14,723,610 | ) |  | $ | (7,052,868 | )
Schedule of parent company statements of cash flows |
|  | For the Years Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net loss |  | $ | (11,626,597 | ) |  | $ | (14,388,530 | ) |  | $ | (7,399,965 | )
Adjustments to reconcile net loss to cash used in operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Stock compensation expense |  |  | 3,444,617 |  |  |  | 4,592,000 |  |  |  | 1,388,501 |
Equity loss of subsidiaries |  |  | 12,562,142 |  |  |  | 8,037,977 |  |  |  | 5,152,846 |
Gain on sale of discontinued operations |  |  | (5,787,213 | ) |  |  | - |  |  |  | - |
Changes in operating assets and liabilities |  |  |  |  |  |  |  |  |  |  |  |
Other receivables |  |  | - |  |  |  | - |  |  |  | (2,300 | )
Prepayments and advances |  |  | (125,000 | ) |  |  | 15,458 |  |  |  | (40,458 | )
Intercompany receivables |  |  | (1,231,449 | ) |  |  | (575,094 | ) |  |  | (42,350 | )
Other payables and accrued liabilities |  |  | 93,711 |  |  |  | 509,381 |  |  |  | 2,000 |
Other payables – related parties |  |  | - |  |  |  | 540,000 |  |  |  | 720,000 |
Net cash used in operating activities |  |  | (2,669,789 | ) |  |  | (1,268,608 | ) |  |  | (221,726 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Purchase of equipment |  |  | (2,000,000 | ) |  |  | - |  |  |  | - |
Proceeds from disposal of subsidiaries |  |  | 600,000 |  |  |  | - |  |  |  | - |
Net cash used in investing activities |  |  | (1,400,000 | ) |  |  | - |  |  |  | - |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Borrowings from shareholders |  |  | 300,000 |  |  |  | - |  |  |  | - |
Proceeds from sale of ordinary shares |  |  | 4,502,901 |  |  |  | 950,000 |  |  |  | 600,000 |
Net cash provided by financing activities |  |  | 4,802,901 |  |  |  | 950,000 |  |  |  | 600,000 |
NET CHANGE IN CASH |  |  | 733,112 |  |  |  | (318,608 | ) |  |  | 378,274 |
CASH, beginning of year |  |  | 60,122 |  |  |  | 378,730 |  |  |  | 456 |
CASH, end of year |  | $ | 793,234 |  |  | $ | 60,122 |  |  | $ | 378,730 |
NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Accrued liabilities reclassified to loans payable – employees upon tri-party agreements |  | $ | - |  |  | $ | 308,089 |  |  | $ | - |
Ordinary shares issued to repay other payables – related parties and service providers |  | $ | 1,137,378 |  |  | $ | 4,928,400 |  |  | $ | 3,859,443 |
Ordinary shares issued to repay debt in subsidiary |  | $ | 5,240,679 |  |  | $ | - |  |  | $ | - |
Ordinary share issued for acquisition of subsidiary |  | $ | 1,889,799 |  |  | $ | - |  |  | $ | - |
Ordinary share issued for acquisition of equipment |  | $ | 1,963,607 |  |  | $ | - |  |  | $ | - |
Other receivables outstanding from disposal of subsidiary |  | $ | 1,000,000 |  |  | $ | - |  |  | $ | - |
Recognition of accrued liabilities from subsidiary |  | $ | 214,792 |  |  | $ | - |  |  | $ | - |
Derecognition of intercompany balance upon disposal of subsidiary |  | $ | 23,164,488 |  |  | $ | - |  |  | $ | - |

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