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SCHEDULE OF DUE FROM RELATED PARTIES (Details) - USD ($)
Mar. 31, 2023
Jun. 30, 2022
Related Party Transaction [Line Items]    
Total due from related parties, net $ 5,929,255 $ 6,794,987
Related Party [Member]    
Related Party Transaction [Line Items]    
Subtotal 6,657,265 6,794,987
Less: allowance for doubtful accounts (728,010)
Total due from related parties, net 5,929,255 6,794,987
Related Party [Member] | Zhao Min [Member]    
Related Party Transaction [Line Items]    
Subtotal 1,410
Related Party [Member] | Shanghai Gaojing Private Fund Management [Member]    
Related Party Transaction [Line Items]    
Subtotal [1] 419,334 429,998
Related Party [Member] | Zhongjian Yijia Health Technology CoLtd [Member]    
Related Party Transaction [Line Items]    
Subtotal [2] 1,513,015 1,719,568
Related Party [Member] | Zhongjian International Logistics Development Co Ltd [Member]    
Related Party Transaction [Line Items]    
Subtotal [3] $ 4,724,916 $ 4,644,011
[1] The Company owns 32% equity interest in this company. Those advances are due on demand and non-interest bearing (Note 10)
[2] On September 17, 2021, the Company entered into a loan agreement with Zhongjian Yijia to with an amount of US$1,642,355 (RMB 11.0 million) for its working capital for one year, with a maturity date of September 16, 2022. The loans bore a fixed annual interest rate of 6.0% per annum. The Company recorded interest receivable amounted to US$77,213 as of June 30, 2022. Upon maturity date, the Company signed a loan extension agreement with this related party to extend the loan repayment by installments, among which, US$217,445 (RMB 1.5 million) will be paid by September 30, 2022, US$724,816 (RMB 5.0 million) will be paid by December 31, 2022, and the remaining loan and unpaid interest will be paid by June 30, 2023. During the nine months ended March 31, 2023, the Company received payment of US$218,403 (RMB 1.5 million) from this related party. However, due to the impact from COVID-19, the Company did not receive the second installment repayment of US$728,010 (RMB 5.0 million) according to the loan agreements, hence, the Company recorded allowance according to the Company’s accounting policy based on its best estimates. As of March 31, 2023, the allowance for doubtful accounts was US$728,010, and the total outstanding balance including the principal and interest was amounted to US$1,513,015 as of March 31, 2023. Management will continue putting effort in collection of overdue loans to this related party.
[3] On October 28, 2021, the Company entered into a loan agreement with Zhongjian International to with an amount of US$4,334,401 (RMB 29.9 million) for its working capital for one year, with a maturity date of October 27, 2022. The loans bore a fixed annual interest rate of 6.0% per annum. Upon maturity date, the Company signed a loan extension agreement with this related party to extend the loan for another year with the new maturity date of October 27, 2023. The total outstanding balance including the principal and interest were amounted to US$4,724,916 and US$4,644,011 as of March 31, 2023 and June 30, 2022, respectively.