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Restricted Net Assets (Tables) | 12 Months Ended
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Jun. 30, 2019
Restricted Net Assets [Abstract] |
Schedule of parent company condensed balance sheets |
Condensed Balance Sheets |  | As of June 30, |
|  | 2019 |  |  | 2018 |
ASSETS |  |  |  |  |  |
Current Assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 78,406 |  |  | $ | 16,952 |
Other current assets |  |  | 8,270,071 |  |  |  | 71 |
Total Current Assets |  |  | 8,348,476 |  |  |  | 17,022 |
Long-term equity investment |  |  | 406,084,910 |  |  |  | 400,248,804 |
Total long-term assets |  |  | 406,084,910 |  |  |  | 400,248,804 |
Total Assets |  | $ | 406,163,387 |  |  | $ | 400,265,826 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | $ | 214,520 |  |  | $ | 214,520 |
Amount due to related parties |  |  | 2,592,986 |  |  |  | 2,183,756 |
Other payables and accrued expenses |  |  | 6,800,194 |  |  |  | 5,319,763 |
Total Current Liabilities |  |  | 9,607,701 |  |  |  | 7,718,039 |
Stockholders' Equity |  |  |  |  |  |  |  |
Common stock, $.001 par value, 115,197,165 shares authorized, 3,986,912 and 38,896,945 shares issued and outstanding as of June 30, 2019 and June 30, 2018, respectively |  |  | 3,987 |  |  |  | 38,897 |
Additional paid in capital |  |  | 138,012,445 |  |  |  | 129,337,035 |
Accumulated other comprehensive income |  |  | (19,821,211 | ) |  |  | (3,598,215 | )
Retained earnings |  |  | 278,360,465 |  |  |  | 266,770,070 |
Total Stockholders' Equity |  |  | 396,555,686 |  |  |  | 392,547,787 |
Total Liabilities and Stockholders' Equity |  | $ | 406,163,387 |  |  | $ | 400,265,826 |
Schedule of parent company condensed statements of operations |
Condensed Statements of Operations |  | Year ended June 30, |
|  | 2019 |  |  | 2018 |
Revenue |  | $ | - |  |  | $ | - |
General and administrative expenses |  |  | 1,807,010 |  |  |  | 1,417,855 |
Interest income |  |  | 9 |  |  |  | 6 |
Provision for tax |  |  | 0 |  |  |  | 29,010,535 |
Equity investment in subsidiaries |  |  | 13,397,397 |  |  |  | 23,497,159 |
Net income |  | $ | 11,590,395 |  |  | $ | (6,931,225 | )
Schedule of parent company condensed statements of cash flows |
Condensed Statements of Cash Flows |  | Year Ended June 30, |
|  | 2019 |  |  | 2018 |
Net cash provided by (used in) operating activities |  | $ | (8,647,776 | ) |  | $ | (29,438,540 | )
Net cash provided by investing activities |  |  | - |  |  |  | - |
Net cash provided by financing activities |  |  | 8,679,230 |  |  |  | 195,013 |
Cash and cash equivalents, beginning balance |  |  | (29,103,559 | ) |  |  | 139,969 |
Cash and cash equivalents, ending balance |  | $ | (29,072,104 | ) |  | $ | (29,103,559 | )

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