v3.21.2
Loan Receivable
3 Months Ended
Sep. 30, 2021
Receivables [Abstract]  
LOAN RECEIVABLE

Note 10. LOAN RECEIVABLE

 

On April 10, 2021, the Company entered into a loan agreement with Shanghai Baoyin Industrial Co., Ltd. which amounted to $4,644,969 (RMB 30,000,000 million). $619,329 (RMB 4,000,000) has been repaid as of June 30, 2021 and the rest of the loan $4,033,109 (RMB 26,000,000) is to be repaid in April 2023. The loan is unsecured and non-interest bearing.