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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2023

Summary of Significant Accounting Policies [Abstract]

Schedule of Depreciation and Amortization of Property and Equipment

Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization of property and equipment are provided using the straight-line method over their expected useful lives, as follows:

		Useful life
Office equipment and furniture		3 years
Automobiles		5 years
Leasehold improvement		Lesser of useful life and lease term

Schedule of Currency Exchange Rates

The following table outlines the currency exchange rates that were used in creating the consolidated financial statements in this report:

		June 30, 2023		June 30, 2022
Period-end spot rate		US$1=RMB 7.2254		US$1=RMB 6.7114
Average rate		US$1=RMB 6.9881		US$1=RMB 6.4641

Schedule of Total Revenues by Product and Service Type

The summary of the Company’s total revenues by product and service type for the year ended June 30, 2023 and 2022 was as follows:

		For the years ended June 30,
		2023			2022
Sales of electronic components products:
Semiconductor:
Integrated Circuits		$	36,208,767		$	155,134,814
Power/Circuit Protection			13,902,350			15,971,800
Discrete			16,047,821			23,071,808
Passive Components			99,326,417			25,110,572
Optoelectronics/Electromechanical			8,535,997			12,056,185
Other semiconductor products			15,366,941			29,103,445
Equipment, tools and others:
Equipment			10,102,545			8,745,020
Tools and others			11,632,317			17,346,092
Total sales of electronic components products			211,123,155			286,539,736
Service commission fees			3,282,071			3,836,635
Total revenue		$	214,405,226		$	290,376,371

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the year ended June 30, 2023 and 2022:

		For the years ended June 30,
		2023			2022
Numerator:
Net income attributable to ordinary shareholders		$	1,751,170		$	2,569,810
Denominator:
Weighted-average number of ordinary shares outstanding – basic			9,201,374			8,826,374
Outstanding options			742,762			751,012
Potentially dilutive shares from outstanding options			717,557			720,972
Weighted-average number of ordinary shares outstanding – diluted			9,918,931			9,547,346
Earnings per share – basic		$	0.19		$	0.29
Earnings per share – diluted		$	0.18		$	0.27

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