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Income Taxes (Tables)

9 Months Ended

Mar. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of effective tax rate

		2021				2020
US federal statutory rates			(21.0	)%			(21.0	)%
Tax rate difference – current provision			(3.3	)%			(3.1	)%
Permanent difference				%			-	%
Effect of PRC tax holiday			3.4	%			0.8	%
Valuation allowance			20.9	%			23.3	%
Effective tax rate			-	%			-	%

		2021				2020
US federal statutory rates			(21.0	)%			(21.0	)%
Tax rate difference – current provision			(3.4	)%			(3.6	)%
Permanent difference				%			-	%
Effect of PRC tax holiday			3.5	%			5.2	%
Valuation allowance			20.9	%			19.4	%
Effective tax rate			-	%			-	%

Schedule of deferred tax asset

		March 31, 2021				June 30, 2020
Deferred tax asset
Net operating loss		$	1,507,555			$	1,048,593
R&D expense			123,750				115,500
Accrued expense of officers’ salary			26,365				13,984
Depreciation and amortization			8,219				8,219
Inventory impairment			10,966				10,966
ROU			12,667				-
Total			1,689,522				1,197,262
Less: valuation allowance			(1,689,522	)			(1,197,262	)
Net deferred tax asset		$	-			$	-

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- References

No definition available.

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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