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INVESTMENTS (Tables)

9 Months Ended

Mar. 31, 2023

Investments, All Other Investments [Abstract]

SCHEDULE OF INVESTMENT IN UNCONSOLIDATED ENTITIES

The Company’s investment in unconsolidated entities consists of the following:

SCHEDULE OF INVESTMENT IN UNCONSOLIDATED ENTITIES

		March 31, 2023				June 30, 2022
Gaojing Private Fund		$	596,514			$	617,446
Total investment		$	596,514			$	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

		March 31, 2023				June 30, 2022
Current assets		$	607,929			$	558,962
Non-current assets			145,456				-
Current liabilities			275,769				1,478

		2023				2022
		For the nine months ended March 31,
		2023				2022
Net sales		$	29,986			$	315,520
Gross loss			-				(599	)
Loss from operations			(63,761	)			(493,570	)
Net loss			(65,413	)			(518,880	)

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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.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

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