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Loan Payables | 6 Months Ended
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Dec. 31, 2022
Loan Payables [Abstract] |
LOAN PAYABLES | NOTE 10 – LOAN PAYABLES As of December 31, 2022, the loan payables consisted of four loans which mature on dates ranging from June 22, 2023 through August 18, 2024 with interest rates ranging from 3.9% to 5.66%. The first two loans are collateralized by Tianjuyuan’s land use right and building ownership right.
No. |  | Payee |  | Loan period per agreement |  | Interest Rate |  |  | December 31, 2022 |
1 |  | Postal Saving Bank of China - Pinggu Branch |  | June 23, 2022-June 22, 2023 |  |  | 5.66 | % |  |  | 2,463,300 |
2 |  | Beijing Bank - Pinggu Branch |  | June 24, 2022-June 23, 2023 |  |  | 5.22 | % |  |  | 1,449,000 |
3 |  | Industrial Bank Co. Ltd |  | Aug.19, 2022-Aug.18,2024 |  |  | 3.98 | % |  |  | 1,159,200 |
4 |  | Xian Bank |  | September 30, 2022-September 29, 2023 |  |  | 3.90 | % |  |  | 1,738,800 |
|  | Total |  |  |  |  |  |  |  | $ | 6,810,300 |
The interest expense from loans was $149,983 and $138,429 (for continuing operations only) for the period ended December 31, 2022 and 2021, respectively.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 + Details
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