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Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Jun. 30, 2019
CURRENT ASSETS    
Cash $ 2,010,811 $ 6,072,637
Restricted cash 600,000 600,000
Inventory 272,749 73,294
Value-added tax prepayment 70,534
Prepaid expenses and other current assets 491,913 105,932
Total current assets 3,446,007 6,851,863
NONCURRENT ASSETS    
Fixed assets, net 252,315 41,116
Intangible assets, net 1,948,882 555,811
Right-of-use assets, net 758,162
Total noncurrent assets 2,959,359 596,927
TOTAL ASSETS 6,405,366 7,448,790
CURRENT LIABILITIES    
Accounts payable 46,768 13,088
Advances from customers 1,361,134 1,318,897
Accrued expenses and other payables 178,779 264,684
Loan payable to shareholder 86,733
Operating lease liabilities 348,401
Total current liabilities 1,935,082 1,683,402
NONCURRENT LIABILITIES    
Operating lease liabilities 421,558
Total noncurrent assets 421,558
TOTAL LIABILITIES 2,356,640 1,683,402
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value, 375,000,000 shares authorized, 20,943,846 shares issued and outstanding at March 31, 2020 and June 30, 2019 20,944 20,944
Additional paid-in capital 11,104,666 11,104,666
Accumulated comprehensive income 179,000 189,906
Accumulated deficit (7,255,884) (5,550,128)
TOTAL STOCKHOLDERS' EQUITY 4,048,726 5,765,388
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,405,366 $ 7,448,790