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Prepayments and other current assets

3 Months Ended

Sep. 30, 2022

Prepayments And Other Current Assets

Prepayments and other current assets

Note 8 – Prepayments and other current assets

As of September 30, 2022 and June 30, 2022, prepayments and other current assets consisted of the following:

Schedule of prepayments and other current assets
		September 30, 2022				June 30, 2022
Advance to suppliers		$	1,922,361			$	3,938,881
Prepaid income taxes			214,818				375,087
Prepaid expenses and other receivables			1,026,584				1,130,495
Total		$	3,163,763			$	5,444,463

Other receivables consisted of delivery fees of $55,499 and $56,884 and receivables from one and two unrelated parties for their use of the Company’s courier accounts at September 30, 2022 and June 30, 2022. As of the date of this report, the amount had been fully collected.

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