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Related party transactions
 3 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]  
Related party transactions

Note 13 - Related party transactions

 

Starting March 1, 2022, the Company subleases 50,000 square feet of its warehouse space to Box Harmony, LLC, which is a 40% owned joint venture of the Company as disclosed on Note 1 and Note 2 above. For the three months ended September 30, 2022, the Company recorded a sublease fee of $247,500 as other non-operating income. As of September 30, 2022 and June 30, 2022, other receivables due from Box Harmony was $134,262 and $51,762, respectively.

 

On February 15, 2022, the Company assumed $92,246 (RMB618,000) of advance from shareholders of DHS through the acquisition of Anivia. This amount was for capital injection pending capital inspection by the local government in accordance with the PRC rules. As of September 30, 2022 and June 30, 2022, the balance of advance from shareholders was $86,847 and $92,246, respectively.