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ACCOUNTS RECEIVABLE, NET
9 Months Ended
Mar. 31, 2023
Credit Loss [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE 4 – ACCOUNTS RECEIVABLE, NET

 

The accounts receivable, net consisted of the following:

 

  

March 31,

2023

  

June 30,

2022

 
         
Accounts receivable  $10,609,689   $9,138,790 
Less: allowance for doubtful accounts   (7,552,901)   (7,317,236)
Accounts receivable, net  $3,056,788   $1,821,554 

 

Movement of allowance for doubtful accounts is as follows:

 

  

March 31,

2023

  

June 30,

2022

 
         
Beginning balance  $7,317,236   $13,481,021 
Acquisition of Biowin   477,358    - 
Charge to (reversal of) expense   (59,638)   1,632,670 
Less: cessation of subsidiaries and disposal of VIE   -    (7,524,110)
Foreign currency translation adjustments   (182,055)   (272,345)
Ending balance  $7,552,901   $7,317,236