Note
6. ADVANCES TO SUPPLIERS The
Company’s advances to suppliers – third parties are as follows:
| | |
September 30, | | |
June 30, | |
| | |
2022 | | |
2022 | |
| Freight fees (1) | |
$ | 342,159 | | |
$ | 336,540 | |
| Less: allowances for credit losses | |
| (300,000 | ) | |
| (300,000 | ) |
| Advances to suppliers-third parties, net | |
$ | 42,159 | | |
$ | 36,540 | |
| (1) | The advanced freight fee is the Company’s prepayment made for
various shipping costs for shipments from October 1, 2022 to March 31, 2023. As of September 30, 2022 and June 30, 2022, allowance
amounted to $300,000. |
|