Concentrations and Risks	3 Months Ended
Sep. 30, 2019
Risks and Uncertainties [Abstract]
CONCENTRATIONS AND RISKS	NOTE 14 - CONCENTRATIONS AND RISKS The Company maintains principally all bank accounts in the PRC. The cash balance held in the PRC bank accounts was US$ 37,591,678 and US$ 35,311,106 as of September 30, 2019 and June 30, 2019, respectively. During the three months ended September 30, 2019 and 2018, almost 100% of the Company's assets were located in the PRC and 100% of the Company's revenues were derived from its subsidiaries and VIEs located in the PRC. For the three months ended September 30, 2019, five customers accounted for approximately 14%, 12%, 11%, 10% and 10% of the Company's total sales, respectively. At September 30, 2019, two customers accounted for approximately 39% of the Company's accounts receivable. For the three months ended September 30, 2018, five customers accounted for approximately 14%, 14%, 14%, 12% and 11% of the Company's total sales, respectively. For the three months ended September 30, 2019, three vendors accounted for approximately 36%, 16% and 12% of the Company's total purchases, respectively. For the three months ended September 30, 2018, three vendors accounted for approximately 38%, 14% and 11% of the Company's total purchases, respectively.

Concentrations and Risks

3 Months Ended

Sep. 30, 2019

NOTE 14 - CONCENTRATIONS AND RISKS

The Company maintains principally all bank accounts in the PRC. The cash balance held in the PRC bank accounts was US$ 37,591,678 and US$ 35,311,106 as of September 30, 2019 and June 30, 2019, respectively.

During the three months ended September 30, 2019 and 2018, almost 100% of the Company's assets were located in the PRC and 100% of the Company's revenues were derived from its subsidiaries and VIEs located in the PRC.

For the three months ended September 30, 2019, five customers accounted for approximately 14%, 12%, 11%, 10% and 10% of the Company's total sales, respectively. At September 30, 2019, two customers accounted for approximately 39% of the Company's accounts receivable.

For the three months ended September 30, 2018, five customers accounted for approximately 14%, 14%, 14%, 12% and 11% of the Company's total sales, respectively.

For the three months ended September 30, 2019, three vendors accounted for approximately 36%, 16% and 12% of the Company's total purchases, respectively. For the three months ended September 30, 2018, three vendors accounted for approximately 38%, 14% and 11% of the Company's total purchases, respectively.