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OTHER ASSETS (Tables)
12 Months Ended
Jun. 30, 2021
Other Assets [Abstract]  
Other assets

 

    June 30,     June 30,  
     2021     2020  
             
Down payment for purchase of investment properties*   $ -     $ 1,645  
Down payment for purchase of property, plant and equipment     372       8  
Deposits for rental and utilities and others     160       171  
Currency translation effect     (270 )     (215 )
Total   $ 262     $ 1,609  

 

*Down payment for purchase of investment properties included:

 

    RMB     U.S. Dollars  
Original Investment (10% of Junzhou equity)   $ 10,000     $ 1,606  
Less: Management Fee     (5,000 )     (803 )
Net Investment     5,000       803  
Less: Share of Loss on Joint Venture     (137 )     (22 )
Net Investment as Down Payment (Note *a)     4,863       781  
Loans Receivable     5,000       814  
Interest Receivable     1,250       200  
Less: Impairment of Interest     (906 )     (150 )
Transferred to Down Payment (Note *b)     5,344       864  
* Down Payment for Purchase of Investment Properties     10,207       1,645  
 Less: Provision of Impairment loss on other assets     (10,207 )     (1,645 )
 Down Payment for Purchase of Investment Properties     -       -