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ACCOUNTS RECEIVABLE, NET
3 Months Ended
Sep. 30, 2022
Credit Loss [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE 4 – ACCOUNTS RECEIVABLE, NET

 

The accounts receivable, net consisted of the following:

 

   September 30,
2022
  

June 30,

2022

 
         
Accounts receivable  $9,167,155   $9,138,790 
Less: allowance for doubtful accounts   (7,205,783)   (7,317,236)
Accounts receivable, net  $1,961,372   $1,821,554 

 

Movement of allowance for doubtful accounts is as follows:

 

   September 30,
2022
  

June 30,

2022

 
         
Beginning balance  $7,317,236   $13,481,021 
Charge to expense   327,925    1,632,670 
Less: cessation of subsidiaries and disposal of VIE   -    (7,524,110)
Foreign currency translation adjustments   (439,378)   (272,345)
Ending balance  $7,205,783   $7,317,236