XML 67 R55.htm IDEA: XBRL DOCUMENT v3.19.1
Short-Term Loans (Details) - USD ($)
9 Months Ended 12 Months Ended
Mar. 31, 2019
Jun. 30, 2018
Short-term loans, Total $ 2,477,234 $ 2,316,283
My Bank [Member]    
Short-term loans, Total [1] $ 18,626 $ 50,354
Maturity Date [1] Aug. 29, 2019 Oct. 20, 2018 [2]
Int. Rate/Year [1] 15.80% 11.84%
Agricultural Bank of China One [Member]    
Short-term loans, Total [3] $ 298,012 $ 302,124
Maturity Date [2],[3] Aug. 12, 2019 Jul. 03, 2018
Int. Rate/Year [3] 5.66% 5.22%
Agricultural Bank of China Two [Member]    
Short-term loans, Total $ 1,490,066 [4] $ 755,310 [3]
Maturity Date Feb. 25, 2020 [4] Oct. 12, 2018 [2],[3]
Int. Rate/Year 5.66% [4] 5.66% [3]
Agricultural Bank of China Three [Member]    
Short-term loans, Total [3] $ 670,530 $ 1,208,495
Maturity Date [3] Nov. 13, 2019 [4] Jan. 30, 2019
Int. Rate/Year [3] 4.57% 5.66%
[1] Not collateralized or guaranteed.
[2] The Company repaid the loan in full on maturity date.
[3] Guaranteed by a commercial credit guaranty company, unrelated to the Company and also by Jiping Chen, a shareholder of the Company.
[4] Collateralized by the building owned by Xiaoyan Chen and Jing Chen, who are both related parties of the Company. Xiaoyan Chen is one of the shareholders of Ankang Longevity Group. Jing Chen is the sister of the Xiaoyan Chen but not a shareholder of Ankang Longevity Group.