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Investments (Tables)

9 Months Ended

Mar. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Schedule of investments in unconsolidated entities

		March 31, 2019				June 30, 2018
Shaanxi Pharmaceutical Holding Group Longevity Pharmacy Co., Ltd. (Ankang Longevity Pharmacy)		$	3,722,450			$	3,439,793
Shaanxi Pharmaceutical Sunsimiao Drugstores Ankang Chain Co., Ltd.			820,742				736,898
Zhejiang Zhen'Ai Network Warehousing Services Co., Ltd.			2,160,595				2,190,399
Original Lab Inc.			200,000				200,000
Total		$	6,903,787			$	6,567,090

Schedule of financial information of unconsolidated entities

		March 31, 2019				June 30, 2018
Current assets		$	39,603,257			$	38,079,702
Noncurrent assets			250,232				291,267
Current liabilities			30,597,013				29,862,664

		For the nine months ended March 31,
		2019				2018
Net sales		$	17,361,229			$	28,482,180
Gross profit			2,530,383				3,549,739
Income from operations			943,233				1,225,896
Net income			870,821				1,123,997

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- Definition

Equity method investments summarized financial information.

+ References

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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