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Commitments and Contingencies | 3 Months Ended
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Sep. 30, 2018
Commitments and Contingencies [Abstract] |
COMMITMENTS AND CONTINGENCIES | NOTE 15 – COMMITMENTS AND CONTINGENCIES On June 29, 2018, Jinong renewed an office lease with Kingtone Information. Pursuant to the lease, Jinong rented 612 square meters (approximately 6,588 square feet) of office space from Kingtone Information. The lease provided for a four-year term effective as of July 1, 2018 with monthly rent of $3,564 (approximately RMB 24,480). Accordingly, the Company recorded an aggregate of $11,985 and $14,716 as rent expenses from these committed property leases for the three-month periods ended September 30, 2018 and 2017, respectively. The contingent rent expenses herein for the next five twelve-month periods ended September 30, are as follows:
Years ending September 30, |  |  |
2019 |  | $ | 47,940 |
2020 |  |  | 47,940 |
2021 |  |  | 47,940 |
2022 |  |  | 47,940 |
2023 |  |  | 47,940 |

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- Definition The entire disclosure for commitments and contingencies. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -URI http://asc.fasb.org/topic&trid=2127136 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
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