v3.20.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Loss including noncontrolling interest $ (1,867,415) $ (1,598,018)
Adjustments to reconcile loss including noncontrolling interest to net cash used in operating activities:    
Depreciation and amortization 68,239 13,186
Operating lease expense 369,810  
Changes in assets and liabilities:    
Inventory (27,296) (2,121)
Value-added tax prepayment (49,206)  
Prepaid expenses and other current assets (123,475) (1,221,653)
Right-of-use assets   (1,097,886)
Accounts payable 22,838  
Accrued expenses and other payables 89,762 (163,636)
Payment on operating lease liabilities (329,549) 1,097,886
Net cash used in operating activities (1,846,292) (2,972,242)
Cash flows from investing activities:    
Acquisition of property and equipment (91,214) (208,538)
Acquisition of intangible assets (8,482)  
Net cash used in investing activities (99,696) (208,538)
Cash flows from financing activities:    
Repayment of loan payable - stockholder (84,227)
Net proceeds from issuance of common stock 931,000  
Net cash provided by (used in) financing activities 931,000 (84,227)
Effect of exchange rate changes on cash 23,449 (2,890)
Net decrease in cash and restricted cash (991,539) (3,267,897)
Cash and restricted cash, beginning of period 1,665,936 6,672,637
Cash and restricted cash, end of period 674,397 3,404,740
Supplemental disclosures of cash flow information:    
Cash paid for interest
Cash paid for income tax
Supplemental disclosures of non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for new operating lease liabilities 1,276,944 $ 875,366
Transfer of prepaid software development expenditure to intangible assets $ 850,000