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v3.20.1

LEASES (Tables) | 6 Months Ended
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Dec. 31, 2019
LEASES |
Summary of operating lease related assets and liabilities recorded on the balance sheets | The table below presents the operating lease related assets and liabilities recorded on the balance sheets.
|  | December 31, 2019
|  | RMB |  | U.S. Dollars
Rights of use lease assets |  | ¥ | 532,491 |  | $ | 76,420
Operating lease liabilities – current |  |  | 640,491 |  |  | 91,919
Operating lease liabilities – non-current |  |  | — |  |  | —
Total operating lease liabilities |  | ¥ | 640,491 |  | $ | 91,919
Summary of weighted average remaining lease terms and discount rates for all of operating leases | The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of December 31, 2019:
|  | December 31, |
|  | 2019 |
Remaining lease term and discount rate: |  |  |
Weighted average remaining lease term (years) |  | 0.42 |
Weighted average discount rate |  | 5 | %
Summary of maturities of lease liabilities | The following is a schedule, by years, of maturities of lease liabilities as of December 31, 2019:
|  | December 31, 2019
|  | RMB |  | U.S. Dollars
2020 |  | ¥ | 646,000 |  | $ | 92,710
Total lease payments |  |  | 646,000 |  |  | 92,710
Less: imputed interest |  |  | (5,509) |  |  | (791)
Present value of lease liabilities |  | ¥ | 640,491 |  | $ | 91,919

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- Definition The tabular disclosure of operating lease related assets and liabilities recorded on the balance sheets. + References No definition available. + Details
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- Definition The tabular disclosure of weighted average remaining lease terms and discount rates for all of operating leases. + References No definition available. + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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