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Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
Class A
Common Stock
Class B
Common Stock
Additional Paid-in Capital
Statutory Reserve
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Total
Balance at Jun. 30, 2021 $ 799,499 [1] $ 612,720 [1] $ 14,600,143 $ 538,750 $ (9,364,684) $ 226,865 $ 7,413,293
Balance (in Shares) at Jun. 30, 2021 [1] 4,996,874 3,829,500          
Employee common share options 54,171 54,171
Net income for the year 2,569,810 2,569,810
Appropriation to statutory reserve     85,347 (85,347)
Effect of termination of the VIE (155,101) (205,249) (360,350)
Foreign currency translation adjustment 817,991 817,991
Balance at Jun. 30, 2022 $ 799,499 [1] $ 612,720 [1] 14,499,213 624,097 (7,085,470) 1,044,856 10,494,915
Balance (in Shares) at Jun. 30, 2022 [1] 4,996,874 3,829,500          
Employee common share options 102,783 102,783
Net income for the year 1,751,170 1,751,170
Foreign currency translation adjustment (1,238,224) (1,238,224)
Issuance of new shares $ 240,000 [1] 4,193,552 4,433,552
Issuance of new shares (in Shares) 1,500,000 [1]          
Balance at Jun. 30, 2023 $ 1,039,499 $ 612,720 $ 18,795,548 $ 624,097 $ (5,334,300) $ (193,368) $ 15,544,196
Balance (in Shares) at Jun. 30, 2023 6,496,874 [1] 3,829,500          
[1] Retrospectively restated for effect of 1-for-4 reverse split on October 26, 2020 and 1-for-2 reverse split on August 8, 2022 of the ordinary shares, see Note 16.