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Acquisition (Tables)

3 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Schedule of estimated fair values of net assets acquired and liabilities assumed

Accounts receivable, net			26,000
Inventory			55,909
Other current assets			177,712
Distribution rights			1,033,860
Property, plant and equipment			13,534
Advance from customers			(75,287	)
Tax payable			(16,251	)
Deferred tax liabilities			(258,465	)
Salary payable			(24,165	)
Accrued liabilities and other current liabilities			(956,890	)
Non-controlling interest			1,372
Goodwill			1,962,680
Total purchase price for acquisition, net of US$ 22,076 of cash		$	1,940,009

Schedule of estimated useful lives

		Preliminary Fair Value				Weighted Average Useful Life (in Years)
Distribution rights		$	1,033,860			(a)

(a) The distribution rights with no expiration date has been determined to have an indefinite life.

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- References

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- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

+ References

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472

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