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SEGMENT REPORTING (Tables)
 9 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
SCHEDULE OF INFORMATION BY SEGMENT

The following table presents summarized information by segment for the nine months ended March 31, 2023:

 

   For the nine months ended March 31, 2023 
   Luobuma   Other agricultural   Freight   Rapid diagnostic     
   products   products   services   products   Total 
Segment revenue  $22,298   $1,154,156   $360,010   $231,513   $1,767,977 
Cost of revenue and related business and sales tax   2,853    1,600,321    245,057    220,357    2,068,588 
Gross profit (loss)   19,445    (446,165)   114,953    11,156    (300,611)
Gross profit (loss) %   87.2%   (38.7)%   31.9%   4.8%   (17.0)%

 

The following table presents summarized information by segment for the nine months ended March 31, 2022:

 

   For the nine months ended March 31, 2022 
   Luobuma   Other agricultural   Freight   Rapid diagnostic     
   products   products   services   products   Total 
Segment revenue  $43,289   $1,244,221   $692,916   $              -   $1,980,426 
Cost of revenue and related business and sales tax   153,508    2,983,804    627,092    -    3,764,404 
Gross profit (loss)   (110,219)   (1,739,583)   65,824    -    (1,783,978)
Gross profit (loss) %   (254.6)%   (139.8)%   9.5%   -    (90.1)%

 

The following table presents summarized information by segment for the three months ended March 31, 2023:

 

   For the three months ended March 31, 2023 
   Luobuma   Other agricultural   Freight   Rapid diagnostic     
   products   products   services   products   Total 
Segment revenue  $3,076   $330,471   $127,972   $231,513   $693,032 
Cost of revenue and related business and sales tax   (6,091)   484,874    83,758    220,357    782,898 
Gross profit (loss)   9,167    (154,403)   44,214    11,156    (89,866)
Gross profit (loss) %   298.0%   (46.7)%   34.5%   4.8%   (13.0)%

 

The following table presents summarized information by segment for the three months ended March 31, 2022:

 

   For the three months ended March 31, 2022 
   Luobuma   Other agricultural   Freight   Rapid diagnostic     
   products   products   services   products   Total 
Segment revenue  $8,521   $369,030   $240,543   $               -   $618,094 
Cost of revenue and related business and sales tax   3,203    899,022    208,611    -    1,110,836 
Gross profit (loss)   5,318    (529,992)   31,932    -    (492,742)
Gross profit (loss) %   62.4%   (143.6)%   13.3%   -    (79.7)%

 

 

Total assets as of March 31, 2023 and June 30, 2022 were as follows:

 

  

March 31,

2023

  

June 30,

2022

 
         
Luobuma products  $7,708,834   $10,982,562 
Other agricultural products   34,105,791    46,488,334 
Freight services   4,007,675    6,355,121 
Rapid diagnostic products   21,906,885    - 
Total assets  $67,729,185   $63,826,017