XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.19.1

Related Party Transactions | 9 Months Ended
--- | ---
Mar. 31, 2019
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | NOTE 11 - RELATED PARTY TRANSACTIONS DUE FROM RELATED PARTIES The Company had previously made temporary advances to certain shareholders of the Company and to other entities that are either owned by family members of those shareholders or to other entities that the Company has investments in. Those advances are due on demand, non-interest bearing. As of March 31, 2019 and June 30, 2018, the outstanding amounts due from related parties consist of the following:
|  | March 31, 2019 |  |  | June 30, 2018 |
Yang Bin |  | $ | 44,702 |  |  | $ | 151,063 |
Zhang Xin |  |  | - |  |  |  | 93,658 |
Chang Song |  |  | - |  |  |  | 59,669 |
Beijing Huiyinansheng Asset Management Co., Ltd |  |  | 22,381 |  |  |  | 22,690 |
Beijing Shengguang Tianyi Clothing Co., LTD |  |  | 65,691 |  |  |  | - |
Wang Qiwei |  |  | 60,349 |  |  |  | 61,181 |
|  | $ | 193,123 |  |  | $ | 388,261 |
DUE TO RELATED PARTIES As of March 31, 2019 and June 30, 2018, the Company had related party payables of US$ 228,022 and US$ 197,617, respectively, mainly due to the principal shareholders or certain relatives of the shareholders of the Company who lend funds for the Company's operations. The payables are unsecured, non-interest bearing and due on demand.
|  | March 31, 2019 |  |  | June 30, 2018 |
Wu Yang |  | $ | 95,440 |  |  | $ | 96,755 |
Wang Sai |  |  | 8,940 |  |  |  | - |
Zhouguocong |  |  | 1,490 |  |  |  | - |
Zhangyuying |  |  | 9,970 |  |  |  | - |
Zhao Min |  |  | 112,182 |  |  |  | 100,862 |
|  | $ | 228,022 |  |  | $ | 197,617 |
SALES TO RELATED PARTIES For the nine and three months ended March 31, 2019, the Company recorded sales to Shaanxi Pharmaceutical Group, a related party (see Note 7), of US$ 2,579,117 and US$ 777,330, respectively. For the nine and three months ended March 31, 2018, the Company recorded sales to Shaanxi Pharmaceutical Group, a related party, of US$ 2,388,488 and US$ 786,854, respectively. As of March 31, 2019 and June 30, 2018, the balance of accounts receivable due from Shaanxi Pharmaceutical Group was US$ 2,058,320 and US$ 1,526,351, respectively.

X
- References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
Name: | us-gaap_RelatedPartyTransactionsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration