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Other Receivables
 12 Months Ended
Jun. 30, 2021
Other Receivables Net [Abstract]  
Other receivables

Note 6 – Other receivables

 

Other receivables consisted of the following:

 

   June 30,
2021		   June 30,
2020		 
Rent deposit  $8,900   $2,300 
Receivables from disposal of Sunway Kids (1)   
-
    1,000,000 
Other receivables  $8,900   $1,002,300 

 

(1) The SK Purchaser promised to pay $2.4 million to the Company as per the executed agreement and it had subsequently settled $1.0 million of its payment obligations through a tri-party settlement agreement executed on September 29, 2020 among the Company, SK Purchaser and the Asset Seller. Since collection of the remaining $1.4 million cannot be reasonably assured, the Company only reported a receivable of $1.0 million as of June 30, 2020.