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INVESTMENTS (Tables)

3 Months Ended

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

Schedule of disposal groups including continued operations income statement balance sheet and additional disclosures [Table Text Block]

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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

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