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INVESTMENTS (Tables) | 3 Months Ended
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Sep. 30, 2022
Investments, All Other Investments [Abstract] |
SCHEDULE OF INVESTMENT IN UNCONSOLIDATED ENTITIES | The Company’s investments in unconsolidated entities consist of the following: SCHEDULE OF INVESTMENT IN UNCONSOLIDATED ENTITIES
|  | September 30, 2022 |  |  | June 30, 2022 |
Gaojing Private Fund |  | $ | 611,142 |  |  | $ | 617,446 |
Total investments |  | $ | 611,142 |  |  | $ | 617,446 |
SCHEDULE OF FINANCIAL INFORMATION OF UNCONSOLIDATED ENTITIES FROM CONTINUED OPERATIONS | Summarized financial information of unconsolidated entities is as follows: SCHEDULE OF FINANCIAL INFORMATION OF UNCONSOLIDATED ENTITIES FROM CONTINUED OPERATIONS
|  | September 30, 2022 |  |  | June 30, 2022 |
Current assets |  | $ | 535,498 |  |  | $ | 558,962 |
Current liabilities |  |  | 29,510 |  |  |  | 1,478 |
|  | For the three months ended September 30, |
|  | 2022 |  |  | 2021 |
Net sales |  | $ | - |  |  | $ | - |
Gross loss |  |  | - |  |  |  | (63 | )
Loss from operations |  |  | (19,533 | ) |  |  | (94,726 | )
Net loss |  |  | (19,700 | ) |  |  | (95,098 | )

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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