Income Taxes (Tables)
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9 Months Ended |
Mar. 31, 2018 |
| Income Taxes [Abstract] |
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| Schedule of income tax benefit (expense) |
| | | For the three months ended March 31, | | | For the nine months ended March 31, | | | | | 2018 | | | 2017 | | | 2018 | | | 2017 | | | | | | | | | | | | | | | | | Current | | | | | | | | | | | | | | USA | | $ | - | | | $ | - | | | $ | (60,162 | ) | | $ | - | | | Hong Kong | | | 6,250 | | | | (36,966 | ) | | | (3,172 | ) | | | (71,067 | ) | | China | | | (69,345 | ) | | | (47,738 | ) | | | (320,270 | ) | | | (158,649 | ) | | One-time transition tax on accumulated foreign earnings | | | - | | | | - | | | | (478,499 | ) | | | - | | | | | | (63,095 | ) | | | (84,704 | ) | | | (862,103 | ) | | | (229,716 | ) | | Deferred | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | USA | | | (153,000 | ) | | | 387,900 | | | | 920,700 | | | | 387,900 | | | Total income tax benefit (expense) | | $ | (216,095 | ) | | $ | 303,196 | | | $ | 58,597 | | | $ | 158,184 | |
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| Schedule of deferred tax assets |
| | | March 31, | | | June 30, | | | | | 2018 | | | 2017 | | | | | | | | | | | Allowance for doubtful accounts | | $ | 568,000 | | | $ | 106,000 | | | Stock-based compensation | | | 687,000 | | | | 790,000 | | | Net operating loss | | | 1,068,000 | | | | 1,464,000 | | | Total deferred tax assets | | | 2,323,000 | | | | 2,360,000 | | | Valuation allowance | | | (652,900 | ) | | | (1,610,600 | ) | | Deferred tax assets, net - long-term | | $ | 1,670,100 | | | $ | 749,400 | |
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| Schedule of income taxes payable |
| | | March 31, | | | June 30, | | | | | 2018 | | | 2017 | | | | | | | | | | | VAT tax payable | | $ | 558,452 | | | $ | 520,436 | | | Corporate income tax payable | | | 2,213,939 | | | | 1,290,832 | | | Others | | | 69,762 | | | | 74,948 | | | Total | | | 2,842,153 | | | | 1,886,216 | | | Less: current portion | | | 2,401,934 | | | | 1,886,216 | | | Income tax payable - noncurrent portion | | $ | 440,219 | | | $ | - |
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