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Other payables and accrued liabilities
 3 Months Ended
Sep. 30, 2022
Payables and Accruals [Abstract]  
Other payables and accrued liabilities

Note 11 – Other payables and accrued liabilities

 

As of September 30, 2022 and June 30, 2022, other payables and accrued liabilities consisted of the following:

         
  

September 30,

2022

  

June 30,

2022

 
Accrued payables for inventory in transit  $554,991   $4,217,941 
Accrued Amazon fees   512,500    640,467 
Sales taxes payable   535,468    307,152 
Payroll liabilities   204,871    239,248 
Other accrued liabilities and payables   282,765    510,412 
           
Total  $2,090,595   $5,915,220 

 

The Company’s controlled VIE, DHS, facilitates the Company in the process of inventory procurement. Through this process, the Company purchased a total of $31,385 in inventories from a supplier which had a payment term of 90 days with a 2% premium on the purchase price. This supplier purchased the inventory from DHS with payments made upon delivery. As of September 30, 2022, the Company included an outstanding amount of $31,385 in other payables and presented as financing cash inflow in proceeds from short term loans on the statement of cash flows. As of the date of this report, the amount had been paid off.