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SEGMENT REPORTING (Tables)

3 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

SCHEDULE OF INFORMATION BY SEGMENT

The following table presents summarized information by segment for the three months ended September 30, 2022:

SCHEDULE OF INFORMATION BY SEGMENT 

		For the three months ended September 30, 2022
		Luobuma				Other agricultural				Freight
		products				products				services				Total
Segment revenue		$	5,574			$	428,596			$	101,528			$	535,698
Cost of revenue and related business and sales tax			206				548,942				77,427				626,575
Gross profit (loss)			5,368				(120,346	)			24,101				(90,877	)
Gross profit (loss) %			96.3	%			(28.1	)%			23.7	%			(17.0	)%

The following table presents summarized information by segment for the three months ended September 30, 2021:

		For the three months ended September 30, 2021
		Luobuma				Other agricultural				Freight
		products				products				services				Total
Segment revenue		$	13,508			$	452,387			$	163,863			$	629,758
Cost of revenue and related business and sales tax			141,838				1,068,254				149,211				1,359,303
Gross profit (loss)			(128,330	)			(615,867	)			14,652				(729,545	)
Gross profit (loss) %			(950.0	)%			(136.1	)%			8.9	%			(115.8	)%

Total assets as of September 30, 2022 and June 30, 2022 were as follows:

		September 30, 2022				June 30, 2022
Luobuma products		$	9,388,729			$	10,982,562
Other agricultural products			43,159,007				46,488,334
Freight services			4,872,431				6,355,121
Total assets		$	57,420,167			$	63,826,017

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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