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Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Jun. 30, 2020
CURRENT ASSETS    
Cash $ 171,177 $ 1,065,936
Restricted cash 600,000
Accounts receivable 13,796 1,119
Inventory 254,960 105,210
Value-added tax prepayment 152,212 69,775
Prepaid expenses and other current assets 901,006 2,056,483
Total current assets 1,493,151 3,898,523
NONCURRENT ASSETS    
Security deposit 221,177
Property and equipment, net 301,939 291,031
Intangible assets, net 1,041,030 20,694
Right-of-use assets, net 1,525,461 702,952
Total noncurrent assets 3,089,607 1,014,677
TOTAL ASSETS 4,582,758 4,913,200
CURRENT LIABILITIES    
Accounts payable 133,386 46,975
Advances from customers 19,448 20,953
Deferred revenue 45,653
Accrued expenses and other payables 390,220 274,934
Loan payable 741,101
Operating lease liabilities 659,280 346,629
Total current liabilities 1,989,088 689,491
NONCURRENT LIABILITIES    
Operating lease liabilities 777,455 341,273
Total noncurrent liabilities 777,455 341,273
TOTAL LIABILITIES 2,766,543 1,030,764
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 375,000,000 shares authorized, 21,470,446 and 20,943,846 shares issued and outstanding, respectively 21,474 20,944
Additional paid-in capital 12,077,788 11,104,666
Accumulated comprehensive income 275,678 170,207
Accumulated deficit (10,463,241) (7,413,381)
TOTAL COMPANY STOCKHOLDERS’ EQUITY 1,911,699 3,882,436
Noncontrolling interest (95,484)
TOTAL EQUITY 1,816,215 3,882,436
TOTAL LIABILITIES AND EQUITY $ 4,582,758 $ 4,913,200