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Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Jun. 30, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 988,696 $ 319,514
Other receivables 1,002,300 2,300
Prepayments and advances 1,170,000 25,000
Current assets of discontinued operations 52,158,699
Total current assets 3,160,996 52,505,513
OTHER ASSETS    
Property, plant and equipment, net 3,958,335
Other assets of discontinued operations 1,659,520
Total other assets 3,958,335 1,659,520
Total assets 7,119,331 54,165,033
CURRENT LIABILITIES:    
Other payables and accrued liabilities 518,122 353,292
Other payables - related parties 10,711 540,000
Loans payable - employee 308,089
Current liabilities of discontinued operations 52,442,854
Total current liabilities 528,833 53,644,235
Total liabilities 528,833 53,644,235
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:    
Preferred shares, $0.001 par value, 1,000,000 shares authorized, no shares issued or outstanding
Ordinary shares, $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 $ 7,119,331 $ 54,165,033