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Short-Term Loans (Tables) | 3 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Schedule of short-term loans |
Lender |  | September 30, 2019 |  |  | Maturity Date |  | Int. Rate/Year |
Agricultural Bank of China-b |  |  | 630,402 |  |  | 2019/11/13* |  |  | 3.92 | %
Agricultural Bank of China-c |  |  | 1,400,894 |  |  | 2020/2/25 |  |  | 5.66 | %
Agricultural Bank of China-c |  |  | 280,179 |  |  | 2020/8/26 |  |  | 5.60 | %
Total |  | $ | 2,311,475 |  |  |  |  |  |  |
Lender |  | June 30, 2019 |  |  | Maturity Date |  | Int. Rate/Year |
MY Bank-a |  |  | 7,282 |  |  | 2019-8-29* |  |  | 15.80 | %
Agricultural Bank of China-b |  |  | 291,256 |  |  | 2019-8-12* |  |  | 5.66 | %
Agricultural Bank of China-b |  |  | 655,327 |  |  | 2019-11-13* |  |  | 3.92 | %
Agricultural Bank of China-c |  |  | 1,456,282 |  |  | 2020-2-25 |  |  | 5.66 | %
Total |  | $ | 2,410,147 |  |  |  |  |  |  |
a. | Not collateralized or guaranteed.
b. | Guaranteed by a commercial credit guaranty company, unrelated to the Company and also by Jiping Chen, a shareholder of the Company.
c. | 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.
* | The Company repaid the loan in full on maturity date.

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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