v3.22.4
Other Long-Term Assets – Deposits, Net
 3 Months Ended
Sep. 30, 2022
Other Long-Term Assets – Deposits, Net [Abstract]  
OTHER LONG-TERM ASSETS – DEPOSITS, NET

Note 8. OTHER LONG-TERM ASSETS – DEPOSITS, NET

 

The Company’s other long-term assets – deposits are as follows:

 

   September 30,   June 30, 
   2022   2022 
Rental and utilities deposits  $245,297   $246,581 
Less: allowances for deposits   (8,315)   (8,832)
Other long-term assets- deposits, net  $236,982   $237,749 

 

Movements of allowance for deposits are as follows:

 

   September 30,   June 30, 
   2022   2022 
Beginning balance  $8,832   $3,177,127 
Allowance for deposits   
-
    - 
Less: Write-off   -    (3,173,408)
Exchange rate effect   (517)   5,113 
Ending balance  $8,315   $8,832