XML 181 R15.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2

LOANS TO THIRD PARTIES

12 Months Ended

Jun. 30, 2023

LOANS TO THIRD PARTIES

LOANS TO THIRD PARTIES

NOTE 6. LOANS TO THIRD PARTIES

​

Loans to third parties consisted of the following:

​

​	​	​	​	​	​	​	​	​	​
​	​	June 30,		​	June 30,		​	June 30,
​	​	2022		​	2023		​	2023
​		RMB			RMB			US Dollars
Working fund to third party companies	​	¥	50,383,822	​	¥	123,055,874	​	$	16,970,181
Loans to third parties	​	¥	50,383,822	​	¥	123,055,874	​	$	16,970,181

​

Loans to third parties are mainly used for short-term funding to support the Company’s external business partners and at the same time the Company can earn interest income from these loans. Most of these loans bear interest or no interest and have terms of no more than one year, except one of the loans to third party has term of one and half year. The Company periodically reviewed the loans to third parties as to whether their carrying values remain realizable. The Company believes that the risk associated with the above loans are relatively low based on the evaluation of the creditworthiness of these third-party debtors and the relationships with them. As the date of the report, approximately 8.3%, or ¥10.2 million ($1.4 million) was collected by the Company and the remaining part was expected to be paid in full by end of June 2024.

X

- References

No definition available.

+ Details

Name:	rcon_LoansReceivablesAbstract
Namespace Prefix:	rcon_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-42

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481933/310-10-55-12A

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 44
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-44

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//310-10/tableOfContent

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//310-20/tableOfContent

+ Details

Name:	us-gaap_FinancingReceivablesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration