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Parent financials
 12 Months Ended
Jun. 30, 2019
Condensed Financial Information Disclosure [Abstract]  
PARENT FINANCIALS

Note 12 – Parent Financials

 

The following schedules present the parent company balance sheets as of June 30, 2019 and 2018, and the income statements for the years ended June 30, 2019 and 2018

 

   June 30,
2019		   June 30,
2018		 
Cash  $671,557   $- 
Long term investment   4,500,480    - 
Other receivable   -    4,532,740 
Escrow   600,000    - 
Total Assets  $5,772,037   $4,532,740 
           
Accrued expenses and other payables  $750   $750 
Total liabilities   750    750 
           
Common stock   20,944    19,170 
Additional paid-in capital   5,739,948    4,277,569 
Accumulated other comprehensive income   -    284,448 

Retained earnings(Deficit)

   10,395    (13,368)
Total Stockholders' Equity   5,771,287    4,567,819 
           
Total Liabilities and Stockholders' Equity  $5,772,037   $4,568,569 

 

   For the Years Ended
June 30,		 
   2019   2018 
Revenue  $-   $         - 
Cost of goods sold   -    - 
Gross profit   -    - 
           
Selling expenses   -    - 
General and administrative expenses   22,899    - 
Total operating expenses:   22,899    - 
           
Other income(expense):          
Other (expense)   (520)     
Interest income   47,182    - 
Total other income   46,662    - 
           
Net income  $23,764   $-