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Condensed financial information of the parent company (Tables) | 6 Months Ended
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Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Schedule of parent company balance sheets |
|  | 2019 |  |  | 2018 |
ASSETS
CURRENT ASSETS: |  |  |  |  |  |
Cash |  | $ | 60,122 |  |  | $ | 378,730 |
Other receivables |  |  | 2,300 |  |  |  | 2,300 |
Prepaid expenses |  |  | 25,000 |  |  |  | 40,458 |
Total current assets |  |  | 87,422 |  |  |  | 421,488 |
OTHER ASSETS: |  |  |  |  |  |  |  |
Intercompany receivable |  |  | 19,149,878 |  |  |  | 18,574,784 |
Total other assets |  |  | 19,149,878 |  |  |  | 18,574,784 |
Total assets |  | $ | 19,237,300 |  |  | $ | 18,996,272 |
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES: |  |  |  |  |  |  |  |
Other payables |  | $ | 177,092 |  |  | $ | 2,000 |
Other payables - shareholders |  |  | 848,089 |  |  |  | - |
Accrued liabilities |  |  | 26,200 |  |  |  | - |
Total current liabilities |  |  | 874,289 |  |  |  | 2,000 |
OTHER LIABILITIES: |  |  |  |  |  |  |  |
Loss in excess of investment in subsidiaries |  |  | 17,842,213 |  |  |  | 9,292,064 |
Total other liabilities |  |  | 17,842,213 |  |  |  | 9,292,064 |
Total liabilities |  |  | 18,716,502 |  |  |  | 9,294,064 |
COMMITMENTS AND CONTINGENCIES |  |  |  |  |  |  |  |
SHAREHOLDERS' EQUITY: |  |  |  |  |  |  |  |
Preferred stock, $0.001 par value, 1,000,000 shares authorized, no share issued or outstanding |  |  | - |  |  |  | - |
Common stock, $0.001 par value, 74,000,000 shares authorized, 7,174,626 and 5,488,649 shares issued and outstanding as of June 30, 2019 and 2018, respectively |  |  | 7,175 |  |  |  | 5,489 |
Additional paid-in-capital |  |  | 54,237,082 |  |  |  | 48,360,368 |
Deferred stock compensation |  |  | (3,161,200 | ) |  |  | (2,825,000 | )
Deficit |  |  | (64,031,446 | ) |  |  | (49,642,916 | )
Statutory reserves |  |  | 6,248,092 |  |  |  | 6,248,092 |
Accumulated other comprehensive income |  |  | 7,221,095 |  |  |  | 7,556,175 |
Total shareholders' equity |  |  | 520,798 |  |  |  | 9,702,208 |
Total liabilities and shareholders' equity |  | $ | 19,237,300 |  |  | $ | 18,996,272 |
Schedule of parent company statements of operations and comprehensive loss |
|  | 2019 |  |  | 2018 |  |  | 2017 |
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES |  | $ | (1,756,972 | ) |  | $ | (858,605 | ) |  | $ | (600,000 | )
STOCK COMPENSATION EXPENSE |  |  | (4,592,200 | ) |  |  | (1,388,501 | ) |  |  | (289,000 | )
LOSS FROM OPERATIONS |  |  | (6,349,172 | ) |  |  | (2,247,106 | ) |  |  | (889,000 | )
OTHER INCOME (EXPENSE), NET |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 84 |  |  |  | 13 |  |  |  | - |
Finance expense |  |  | (1,465 | ) |  |  | (26 | ) |  |  | - |
Equity loss of subsidiaries |  |  | (8,037,977 | ) |  |  | (5,152,846 | ) |  |  | (10,149,120 | )
TOTAL OTHER EXPENSE, NET |  |  | (8,039,358 | ) |  |  | (5,152,859 | ) |  |  | (10,149,120 | )
NET LOSS |  |  | (14,388,530 | ) |  |  | (7,399,965 | ) |  |  | (11,038,120 | )
OTHER COMPREHENSIVE INCOME (LOSS) - |  |  |  |  |  |  |  |  |  |  |  |
foreign currency translation income (loss) |  |  | (335,080 | ) |  |  | 347,097 |  |  |  | (499,361 | )
COMPREHENSIVE LOSS |  | $ | (14,723,610 | ) |  | $ | (7,052,868 | ) |  | $ | (11,537,481 | )
Schedule of parent company statements of cash flows |
|  | 2019 |  |  | 2018 |  |  | 2017 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net loss |  | $ | (14,388,530 | ) |  | $ | (7,399,965 | ) |  | $ | (11,038,120 | )
Adjustments to reconcile net loss to cash used in operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Stock compensation expense |  |  | 4,592,200 |  |  |  | 1,388,501 |  |  |  | 289,000 |
Loss from subsidiaries |  |  | 8,037,977 |  |  |  | 5,152,846 |  |  |  | 10,149,120 |
Changes in operating assets and liabilities |  |  |  |  |  |  |  |  |  |  |  |
Other receivables |  |  | - |  |  |  | (2,300 | ) |  |  | - |
Prepaid expenses |  |  | 15,458 |  |  |  | (40,458 | ) |  |  | - |
Intercompany receivable |  |  | (575,094 | ) |  |  | (42,350 | ) |  |  | - |
Other payables |  |  | 175,092 |  |  |  | 2,000 |  |  |  | - |
Other payables - shareholders |  |  | 540,000 |  |  |  | 720,000 |  |  |  | 600,000 |
Accrued expenses |  |  | 334,289 |  |  |  | - |  |  |  | - |
Net cash used in operating activities |  |  | (1,268,608 | ) |  |  | (221,726 | ) |  |  | - |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of ordinary shares |  |  | 950,000 |  |  |  | 600,000 |  |  |  | - |
Net cash provided by financing activities |  |  | 950,000 |  |  |  | 600,000 |  |  |  | - |
EFFECTS OF EXCHANGE RATE CHANGE IN CASH |  |  | - |  |  |  | - |  |  |  | - |
NET CHANGE IN CASH |  |  | (318,608 | ) |  |  | 378,274 |  |  |  | - |
CASH, beginning of year |  |  | 378,730 |  |  |  | 456 |  |  |  | 456 |
CASH, end of year |  | $ | 60,122 |  |  | $ | 378,730 |  |  | $ | 456 |
NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Common stocks issued to repay shareholders |  | $ | 4,928,400 |  |  | $ | 3,859,443 |  |  | $ | - |
Accrued liabilities reclassified to loans payable – employees upon tri-party agreements |  | $ | 308,089 |  |  | $ | - |  |  | $ | - |

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