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ACQUISITION (Tables) | 3 Months Ended
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Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
SCHEDULE OF FAIR VALUE OF DISTRIBUTION RIGHTS AND ESTIMATED USEFUL LIVES | The fair value of distribution rights and its estimated useful lives from continuing operations are as follows: SCHEDULE OF FAIR VALUE OF DISTRIBUTION RIGHTS AND ESTIMATED USEFUL LIVES
|  | Preliminary Fair Value |  |  | Weighted Average Useful Life (in Years) |
Distribution rights |  | $ | 1,101,871 |  |  |  | 0(a | )
(a) | The distribution rights with no expiration date has been determined to have an indefinite life.
SUMMARIZES THE ALLOCATION OF ESTIMATED FAIR VALUES | The following table summarizes the allocation of estimated fair values of net assets acquired and liabilities assumed: SUMMARIZES THE ALLOCATION OF ESTIMATED FAIR VALUES
Due from related party |  | $ | 108,296 |
Inventory |  |  | 18,115,423 |
Other current assets |  |  | 224,522 |
Right of use assets |  |  | 1,127,130 |
Long-term investments and other non-current assets |  |  | 166,107 |
Other payables and other current assets |  |  | (2,503,607 | )
Operating lease liabilities |  |  | (1,013,492 | )
Total purchase price for acquisition, net of US$112,070 of cash |  | $ | 16,224,379 |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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