Note
4. ACCOUNTS RECEIVABLE, NET The
Company’s net accounts receivable are as follows:
| | |
September
30, | | |
June 30, | |
| | |
2022 | | |
2022 | |
| Trade accounts receivable | |
$ | 3,513,310 | | |
$ | 3,521,491 | |
| Less: allowances for credit losses | |
| (3,317,571 | ) | |
| (3,413,110 | ) |
| Accounts receivable, net | |
$ | 195,739 | | |
$ | 108,381 | |
Movement
of allowance for credit losses are as follows:
| | |
September 30, | | |
June 30, | |
| | |
2022 | | |
2022 | |
| Beginning balance | |
$ | 3,413,110 | | |
$ | 3,475,769 | |
| Provision for credit losses, net of recovery | |
| - | | |
| 257 | |
| Exchange rate effect | |
| (95,539 | ) | |
| (62,916 | ) |
| Ending balance | |
$ | 3,317,571 | | |
$ | 3,413,110 | |
|