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Condensed Financial Information of the Parent Company (Tables) | 6 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Schedule of parent company balance sheets |
|  | As of December 31, |  |  | As of June 30, |
|  | 2021 |  |  | 2021 |
ASSETS |  |  |  |  |  |
Cash |  | $ | 25,256,901 |  |  | $ | 4,260 |
Prepaid expenses and other current assets |  |  | 1,207,417 |  |  |  | 679,266 |
Due from related party |  |  | 71 |  |  |  | - |
TOTAL CURRENT ASSETS |  |  | 26,464,389 |  |  |  | 683,526 |
Investments in subsidiaries, consolidated VIE and VIE’s subsidiaries |  |  | 27,390,107 |  |  |  | 18,869,579 |
TOTAL ASSETS |  |  | 53,854,496 |  |  |  | 19,553,105 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Other Payable |  | $ | 70,000 |  |  | $ | - |
Due to a related party |  |  | - |  |  |  | 225,000 |
TOTAL CURRENT LIABILITIES |  | $ | 70,000 |  |  | $ | 225,000 |
TOTAL LIABILITIES |  |  | 70,000 |  |  |  | 225,000 |
SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Ordinary shares (par value $0.001 per share; 44,000,000 Class A ordinary shares authorized as of June 30, 2020 and 2021; 11,021,834 and 12,086,923 Class A ordinary shares issued and outstanding as of June 30, 2020 and 2021 respectively; 6,000,000 Class B ordinary shares authorized, 5,763,077 Class B ordinary shares issued and outstanding as of June 30 2020 and 2021 respectively) * |  |  | 24,050 |  |  |  | 17,850 |
Subscription receivable |  |  | (15,441 | ) |  |  | (15,441 | )
Additional paid-in capital |  |  | 40,706,356 |  |  |  | 6,643,118 |
Retained earnings |  |  | 12,186,391 |  |  |  | 11,739,756 |
Accumulated other comprehensive (loss) income |  |  | 883,140 |  |  |  | 942,822 |
TOTAL SHAREHOLDERS’ EQUITY |  |  | 53,784,496 |  |  |  | 19,328,105 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | $ | 53,714,496 |  |  | $ | 19,553,105 |
Schedule of parent company statements of comprehensive income |
|  | For the Six Months Ended December 31, |
|  | 2021 |  |  | 2020 |
General and administrative expenses |  | $ | 1,052,619 |  |  | $ | 234,000 |
Financial expenses |  |  | (43 | ) |  |  | 911 |
Loss from operation |  |  | 1,052,576 |  |  |  | 234,911 |
Other income: |  |  |  |  |  |  |  |
Share of income of subsidiaries, consolidated VIE and VIE’s subsidiaries |  |  | 1,499,211 |  |  |  | 2,437,070 |
Income before income tax expense |  |  | 446,635 |  |  |  | 2,202,159 |
Income tax expense |  |  |  |  |  |  | - |
Net income |  | $ | 446,635 |  |  | $ | 2,202,159 |
Other Comprehensive loss |  |  |  |  |  |  |  |
Foreign currency translation (loss) income |  |  | (59,682 | ) |  |  | 1,147,991 |
Total comprehensive income |  | $ | 386,953 |  |  | $ | 3,350,150 |
Schedule of parent company statements of changes in shareholders’ equity |
|  | Ordinary shares |  |  | Subscription |  |  | Additional paid-in |  |  | Retained |  |  | Accumulated other comprehensive |  |  | Total Shareholders’ |
|  | Shares* |  |  | Amount |  |  | receivable |  |  | capital |  |  | earnings |  |  | (loss) income |  |  | Equity |
Balance as of June 30, 2019 |  |  | 13,425,911 |  |  | $ | 13,426 |  |  | $ | (13,426 | ) |  | $ | 2,142,518 |  |  | $ | 5,036,393 |  |  | $ | (141,346 | ) |  | $ | 7,037,565 |
Issuance of additional shares |  |  | 3,359,000 |  |  |  | 3,359 |  |  |  | (2,015 | ) |  |  | 3,671,227 |  |  |  | - |  |  |  | - |  |  |  | 3,672,571 |
Net income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,435,821 |  |  |  | - |  |  |  | 2,435,821 |
Foreign currency translation adjustment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (226,235 | ) |  |  | (226,235 | )
Balance as of June 30, 2020 |  |  | 16,784,911 |  |  | $ | 16,785 |  |  | $ | (15,441 | ) |  | $ | 5,813,745 |  |  | $ | 7,472,214 |  |  | $ | (367,581 | ) |  | $ | 12,919,722 |
Acquisition of Non-controlling interests |  |  | 1,065,089 |  |  |  | 1,065 |  |  |  | - |  |  |  | 829,373 |  |  |  | - |  |  |  | (25,354 | ) |  |  | 805,084 |
Net income for the period |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,267,542 |  |  |  | - |  |  |  | 4,267,542 |
Foreign currency translation adjustment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,335,757 |  |  |  | 1,335,757 |
Balance as of June 30, 2021 |  |  | 17,850,000 |  |  | $ | 17,850 |  |  | $ | (15,441 | ) |  | $ | 6,643,118 |  |  | $ | 11,739,756 |  |  | $ | 942,822 |  |  | $ | 19,328,105 |
Acquisition of Non-controlling interests |  |  | 6,200,000 |  |  |  | 6,200 |  |  |  | - |  |  |  | 34,063,238 |  |  |  | - |  |  |  | - |  |  |  | 34,069,438 |
Net income for the period |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 446,635 |  |  |  | - |  |  |  | 446,635 |
Foreign currency translation adjustment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (59,682 | ) |  |  | (59,682 | )
Balance as of December 31, 2021 |  |  | 24,050,000 |  |  | $ | 24,050 |  |  | $ | (15,411 | ) |  | $ | 40,706,356 |  |  | $ | 12,186,391 |  |  | $ | 883,140 |  |  | $ | 53,784,496 |
Schedule of parent company statements of cash flows |
|  | For the Six Months Ended December 31, |
|  | 2021 |  |  | 2020 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |
Net cash used in operating activities |  | $ | (1,207,576 | ) |  |  | (204,982 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |
Investment in a subsidiary |  |  | (7,081,000 | ) |  |  | (600,000 | )
Net cash used in investing activities |  |  | (7,081,000 | ) |  |  | (600,000 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |
Contribution from shareholders |  |  | 34,069,438 |  |  |  | - |
Payment for deferred offering costs |  |  | (528,221 | ) |  |  | (247,681 | )
Net cash provided by (used in) financing activities |  |  | 33,541,217 |  |  |  | (247,681 | )
Effect of exchange rate changes |  |  |  |  |  |  | - |
Net increase (decrease) in cash |  |  | 25,252,641 |  |  |  | (1,052,663 | )
Cash at beginning of period |  |  | 4,260 |  |  |  | 1,139,229 |
Cash at end of period |  | $ | 25,256,901 |  |  |  | 86,566 |

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