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v3.20.4

Condensed financial information of the parent company (Details 1) - USD ($) | 12 Months Ended
--- | ---
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2018
STOCK COMPENSATION EXPENSE | $ (3,444,617) | $ (4,592,200) | $ (1,388,501)
LOSS FROM OPERATIONS | (5,163,601) | (6,658,029) | (2,307,106)
OTHER INCOME (EXPENSE), NET |  |  |
Interest income |  | 84 | 13
Finance expense | (5,041) | (1,477) | (26)
TOTAL OTHER EXPENSE, NET | (5,041) | (1,393) | (13)
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)
Parent [Member] |  |  |
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)

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