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ACQUISITION (Tables) | 3 Months Ended
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Sep. 30, 2024
Business Acquisition [Line Items] |
SCHEDULE OF ALLOCATION OF ESTIMATED FAIR VALUES | The following table summarizes the allocation of estimated fair values of net assets acquired and liabilities assumed: SCHEDULE OF ALLOCATION OF ESTIMATED FAIR VALUES
Due from related party |  | $ | 108,296 |
Inventory |  |  | 18,115,423 |
Other current assets |  |  | 224,522 |
Right of use assets |  |  | 1,127,130 |
Long-term investments and other non-current assets |  |  | 166,107 |
Other payables and other current liabilities |  |  | (2,503,607 | )
Operating lease liabilities |  |  | (1,013,492 | )
Total purchase price for acquisition, net of US$112,070 of cash |  | $ | 16,224,379 |
Changzhou Biowin Pharmaceutical Co Ltd [Member] |
Business Acquisition [Line Items] |
SCHEDULE OF ALLOCATION OF ESTIMATED FAIR VALUES | The following table summarizes the allocation of estimated fair values of net assets acquired and liabilities assumed: SCHEDULE OF ALLOCATION OF ESTIMATED FAIR VALUES
Accounts receivable, net |  | $ | 807,771 |
Inventories, net |  |  | 784,336 |
Other current assets, net |  |  | 49,979 |
Property and equipment, net |  |  | 138,252 |
Intangible assets |  |  | 12,683,656 |
Operating lease right-of-use assets |  |  | 173,831 |
Goodwill |  |  | 6,574,743 |
Deferred tax assets, net |  |  | 346,523 |
Short-term bank loans |  |  | (1,594,596 | )
Accounts payable |  |  | (349,989 | )
Advances from customers |  |  | (407,437 | )
Other current liabilities |  |  | (446,729 | )
Operating lease liabilities - non-current |  |  | (45,730 | )
Deferred tax liabilities |  |  | (1,937,804 | )
Non-controlling interest |  |  | (5,301,785 | )
Total purchase price for acquisition, net of US$621,979 of cash |  | $ | 11,475,021 |
SCHEDULE OF GOODWILL ACQUIRED | The identifiable goodwill acquired and the carrying value consisted of the following: SCHEDULE OF GOODWILL ACQUIRED
|  | September 30, 2024 |  |  | June 30, 2024 |
Goodwill |  | $ | 6,574,743 |  |  | $ | 6,574,743 |
Less: impairment for goodwill |  |  | (4,555,996 | ) |  |  | (4,555,996 | )
Goodwill, net |  | $ | 2,018,747 |  |  | $ | 2,018,747 |
SCHEDULE OF INTANGIBLE ASSETS | The fair value of identified intangible assets, which are trademarks and patents, and its estimated useful lives as of September 30, 2024 is as follows: SCHEDULE OF INTANGIBLE ASSETS
|  |  |  |  | Average |
|  |  |  |  | Useful Life |
|  |  |  |  | (in Years) |
Intangible assets |  | $ | 12,683,656 |  |  |  | 10 |
Less: accumulated amortization |  |  | (2,219,640 | ) |  |  |  |
Total intangible assets, net |  | $ | 10,464,016 |  |  |  |  |
Chongqing Wintus Group [Member] |
Business Acquisition [Line Items] |
SCHEDULE OF ALLOCATION OF ESTIMATED FAIR VALUES | The following table summarizes the allocation of estimated fair values of net assets acquired and liabilities assumed: SCHEDULE OF ALLOCATION OF ESTIMATED FAIR VALUES
Accounts receivable, net |  | $ | 12,507,353 |
Advances to suppliers, net |  |  | 3,513,448 |
Inventories, net |  |  | 1,782,180 |
Derivative financial assets |  |  | 6,212 |
Other current assets, net |  |  | 1,426,163 |
Property and equipment, net |  |  | 5,407,301 |
Intangible assets |  |  | 36,117,041 |
Operating lease right-of-use assets |  |  | 1,999 |
Goodwill |  |  | 21,440,360 |
Short-term bank loans |  |  | (12,021,992 | )
Accounts payable |  |  | (6,686,700 | )
Advances from customers |  |  | (78,677 | )
Tax payable |  |  | (600,742 | )
Deferred income |  |  | (77,007 | )
Other current liabilities |  |  | (2,277,877 | )
Long-term bank loans |  |  | (2,071,093 | )
Operating lease liabilities - non-current |  |  | (1,847 | )
Deferred tax liabilities |  |  | (9,186,376 | )
Non-controlling interest |  |  | (8,197,473 | )
Total purchase price for acquisition, net of US$1,003,678 of cash |  | $ | 41,002,273 |
Total purchase price for acquisition |  | $ | 41,002,273 |
SCHEDULE OF GOODWILL ACQUIRED | The identifiable goodwill acquired and the carrying value consisted of the following: SCHEDULE OF GOODWILL ACQUIRED
|  | September 30, 2024 |  |  | June 30, 2024 |
Goodwill |  | $ | 21,440,360 |  |  | $ | 21,440,360 |
Less: impairment for goodwill |  |  | (10,268,823 | ) |  |  | (10,268,823 | )
Goodwill, net |  | $ | 11,171,537 |  |  | $ | 11,171,537 |
SCHEDULE OF INTANGIBLE ASSETS | The fair value of identified intangible assets, which are trademarks and patents, and its estimated useful lives as of September 30, 2024 is as follows: SCHEDULE OF INTANGIBLE ASSETS
|  |  |  |  | Average
|  |  |  |  | Useful Life
|  |  |  |  | (in Years)
Intangible assets |  | $ | 35,487,273 |  |  | 10
Less: accumulated amortization |  |  | (4,140,182 | ) |  |
Total intangible assets, net |  | $ | 31,347,091 |  |  |

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