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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,442,320) $ (14,243,458)
Net loss from discontinued operations, net of tax (3,135,237)
Net loss from continuing operations (2,442,320) (11,108,221)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 32,002 129,027
Provision for (net recovery of) doubtful accounts (577,022) 7,354,134
Provision for inventory reserve (3,140) 134,104
Stock written off due to natural disaster 241,754 492,987
Loss from equity method investment 6,304 27,920
Amortization of right of use assets 225,070 258,416
Impairment loss on distribution rights 1,140,551
Restricted shares issued for management 612,000
Amortization of debt issuance costs 154,403 458,978
Accrued interest expense for convertible notes 239,517 171,584
Accrued interest expenses due to related parties 4,802
Accrued interest income from related parties (90,356)
Accrued interest income from third parties (119,978)
Changes in operating assets and liabilities:    
Accounts receivable (583,663) (625,735)
Advances to suppliers 886,328 515,218
Inventories (685,576) (203,336)
Other current assets (101,721) (3,206,324)
Accounts payable (61,818)
Advances from customers (51)
Other payables 517,024 (521,064)
Operating lease liabilities (426,262) (210,376)
Taxes payable 1,689 (10,775)
Net cash used in operating activities (2,109,145) (5,264,781)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of property and equipment (196,693)
Payment made for loans to third parties (51,128) (12,700,008)
Repayments of loans to third parties 10,915,129
Repayments of loans from related parties 219,119
Investment in unconsolidated entity (500,000)
Acquisition of a VIE - Guangyuan, net of cash 112,070
Disposal of a VIE - Ankang, net of cash (12,669,913)
Net cash provided (used in) by investing activities 11,083,120 (25,954,544)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 1,000,000 2,375,000
Proceeds from (repayments of) advances from related parties (78,953) 1,061,888
Proceeds from issuance of convertible notes 17,000,000
Net cash provided by financing activities 921,047 20,436,888
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND CASH EQUIVALENTS (822,080) (11,884)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 9,072,942 (10,794,321)
CASH AND CASH EQUIVALENTS - Beginning of the period 15,165,231 29,024,394
CASH AND CASH EQUIVALENTS - End of the period 24,238,173 18,230,073
SUPPLEMENTAL NON-CASH OPERATING AND FINANCING ACTIVITIES:    
Issuance of common shares for convertible notes redemption 527,636 3,850,000
Issuance of common shares for proceeds received in prior year 5,000,000
Right-of-use assets obtained in exchange for operating lease obligations 1,267,817
Repayments of loans to third parties offset by other payables $ 3,164,491