XML 76 R67.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed financial information of the parent company (Details 2) - USD ($)
 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
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 4,592,200 1,388,501  
Changes in operating assets and liabilities        
Other receivables (2,300)  
Net cash used in operating activities (2,535,135) (1,076,142) 2,450,018  
CASH FLOWS FROM INVESTING ACTIVITIES:        
Net cash used in investing activities (1,394,728) (135,705) (138,151)  
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from sale of ordinary shares 4,502,901 950,000 600,000  
Net cash provided by financing activities 4,795,607 522,667 (5,795,823)  
CASH, beginning of year 988,696 319,514 1,098,691 $ 224,679
CASH, end of year 988,696 319,514 1,098,691 224,679
Parent [Member]        
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 4,592,200 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 793,234 60,122 378,730 456
CASH, end of year 793,234 60,122 378,730 $ 456
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