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Income Taxes (Tables) | 3 Months Ended
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Sep. 30, 2023
Income Tax [Abstract] |
Schedule of Reconciles the U.S. Statutory Rates to the Company’s Effective Tax Rate | The following table reconciles the U.S. statutory rates to the Company’s effective tax rate for the three months ended September 30, 2023 and 2022:
|  | 2023 |  |  | 2022 |
US federal statutory rates |  |  | (21.0 | )% |  |  | (21.0 | )%
Tax rate difference – current provision |  |  | (2.1 | )% |  |  | (3.5 | )%
Effect of PRC tax holiday |  |  | 2.7 | % |  |  | 3.2 | %
Valuation allowance |  |  | 20.4 | % |  |  | 21.3 | %
Effective tax rate |  |  | - | % |  |  | - | %
Schedule of Net Deferred Tax Assets | The Company’s net deferred tax assets as of September 30, 2023 and June 30, 2023 is as follows:
|  | September 30, 2023 |  |  | June 30, 2023 |
Deferred tax asset |  |  |  |  |  |
Net operating loss |  | $ | 3,722,696 |  |  | $ | 3,986,827 |
R&D expense |  |  | 123,750 |  |  |  | 123,750 |
Depreciation and amortization |  |  | 76,754 |  |  |  | 180,522 |
Bad debt expense |  |  | 116,063 |  |  |  | 119,932 |
Social security and insurance accrual |  |  | 47,472 |  |  |  | 149,196 |
Inventory impairment |  |  | 13,326 |  |  |  | 13,771 |
ROU, net of lease liabilities |  |  | 3,430 |  |  |  | 20,171 |
Total |  |  | 4,103,491 |  |  |  | 4,594,168 |
Less: valuation allowance |  |  | (4,103,491 | ) |  |  | (4,594,168 | )
Net deferred tax asset |  | $ | - |  |  | $ | - |

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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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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