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NOTES RECEIVABLE	6 Months Ended
Dec. 31, 2021
NOTES RECEIVABLE
NOTES RECEIVABLE	NOTE 5. NOTES RECEIVABLE Notes receivables represented the non-interest-bearing commercial bills the Company received from the customers for the purpose of collection of sales amounts, which generally ranged from three to six months from the date of issuance. As of June 30, 2021 and December 31, 2021, notes receivable were ¥6,305,633 and ¥14,808,067 ($2,327,793), respectively. As of June 30, 2021 and December 31, 2021, no notes were guaranteed or collateralized. As of the date of this report, 42.5%, or ¥6,292,569 ($989,177) have been subsequently collected, and the remaining balance is expected to be collected by November 2022.

NOTES RECEIVABLE

6 Months Ended

Dec. 31, 2021

NOTE 5. NOTES RECEIVABLE

Notes receivables represented the non-interest-bearing commercial bills the Company received from the customers for the purpose of collection of sales amounts, which generally ranged from three to six months from the date of issuance. As of June 30, 2021 and December 31, 2021, notes receivable were ¥6,305,633 and ¥14,808,067 ($2,327,793), respectively. As of June 30, 2021 and December 31, 2021, no notes were guaranteed or collateralized. As of the date of this report, 42.5%, or ¥6,292,569 ($989,177) have been subsequently collected, and the remaining balance is expected to be collected by November 2022.