v3.21.2

Other Long-Term Assets - Deposits, Net (Tables) | 12 Months Ended
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Jun. 30, 2021
Other Longterm Assets Deposits [Abstract] |
Schedule of other long term assets deposits |
|  | June 30, |  |  | June 30, |
|  | 2021 |  |  | 2020 |
Rental and utilities deposits |  | $ | 111,352 |  |  | $ | 64,663 |
Freight logistics deposits (1) |  |  | 3,181,746 |  |  |  | 2,910,327 |
Total other long-term assets - deposits |  |  | 3,293,098 |  |  |  | 2,974,990 |
Less: allowances for deposits |  |  | (3,177,127 | ) |  |  | - |
Other long-term assets- deposits, net |  | $ | 115,971 |  |  | $ | 2,974,990 |
Schedule of allowance for deposits |
|  | June 30, |  |  | June 30, |
|  | 2021 |  |  | 2020 |
Beginning balance |  | $ | - |  |  | $ | - |
Allowance for deposits |  |  | 3,098,852 |  |  |  | - |
Exchange rate effect |  |  | 78,275 |  |  |  | - |
Ending balance |  | $ | 3,177,127 |  |  | $ | - |

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