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INVESTMENT PROPERTIES (Tables) | 9 Months Ended
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Mar. 31, 2021
Investments [Abstract] |
Companys investment in the property based on the exchange rate | The following table presents the Company’s investment in properties in China as of March 31, 2021. The exchange rate is based on the market rate as of March 31, 2021.
| Investment Date / Reclassification Date |  | Investment Amount (RMB) |  |  | Investment Amount (U.S. Dollars) |
Purchase of rental property – Property I – MaoYe Property | Jan. 04, 2008 |  |  | 5,554 |  |  |  | 894 |
Currency translation |  |  |  | - |  |  |  | (87 | )
Reclassification as “Assets held for sale” | July 01, 2018 |  |  | (5,554 | ) |  |  | (807 | )
Reclassification from “Assets held for sale” | Mar. 31, 2019 |  |  | 2,024 |  |  |  | 301 |
|  |  | 2,024 |  |  |  | 301 |
Purchase of rental property – Property II - JiangHuai | Jan. 06, 2010 |  |  | 3,600 |  |  |  | 580 |
Purchase of rental property – Property III - Fu Li | Apr. 08, 2010 |  |  | 4,025 |  |  |  | 648 |
Currency translation |  |  |  | - |  |  |  | (55 | )
Gross investment in rental property |  |  |  | 9,649 |  |  |  | 1,474 |
Accumulated depreciation on rental property | Mar. 31, 2021 |  |  | (6,920 | ) |  |  | (1,053 | )
Reclassified as “Assets held for sale”- Mao Ye Property | July 01, 2018 |  |  | 2,822 |  |  |  | 410 |
Reclassification from “Assets held for sale”- Mao Ye Property | Mar. 31, 2019 |  |  | (1,029 | ) |  |  | (143 | )
|  |  | (5,127 | ) |  |  | (786 | )
Net investment in property – China |  |  |  | 4,522 |  |  |  | 688 |
The following table presents the Company’s investment in properties in China as of June 30, 2020. The exchange rate is based on the market rate as of June 30, 2020.
| Investment Date / Reclassification Date |  | Investment Amount (RMB) |  |  | Investment Amount (U.S. Dollars) |
Purchase of rental property – Property I – MaoYe Property | Jan. 04, 2008 |  |  | 5,554 |  |  |  | 894 |
Currency translation |  |  |  | - |  |  |  | (87 | )
Reclassification as “Assets held for sale” | July 01, 2018 |  |  | (5,554 | ) |  |  | (807 | )
Reclassification from “Assets held for sale” | Mar. 31, 2019 |  |  | 2,024 |  |  |  | 301 |
|  |  | 2,024 |  |  |  | 301 |
Purchase of rental property – Property II - JiangHuai | Jan. 06, 2010 |  |  | 3,600 |  |  |  | 580 |
Purchase of rental property – Property III - Fu Li | Apr. 08, 2010 |  |  | 4,025 |  |  |  | 648 |
Currency translation |  |  |  | - |  |  |  | (166 | )
Gross investment in rental property |  |  |  | 9,649 |  |  |  | 1,363 |
Accumulated depreciation on rental property | June 30, 2020 |  |  | (6,558 | ) |  |  | (940 | )
Reclassified as “Assets held for sale”-Mao Ye Property | July 01, 2018 |  |  | 2,822 |  |  |  | 410 |
Reclassification from “Assets held for sale”- Mao Ye Property | Mar. 31, 2019 |  |  | (1,029 | ) |  |  | (143 | )
|  |  | (4,765 | ) |  |  | (673 | )
Net investment in property – China |  |  |  | 4,884 |  |  |  | 690 |

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- Definition Tabular disclosure of lessor's property under leasing agreements and property available for lease (not currently under lease) by property class, the gross amount, accumulated depreciation and net amount of as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121578510&loc=d3e41551-112718 + Details
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