Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.19.3
Income Taxes (Tables)
3 Months Ended
Sep. 30, 2019
Income Tax Disclosure [Abstract]  
Schedule of reconciliation of effective tax rate

    Three Months ended
September 30,
(Unaudited)
 
    2019     2018  
Statutory PRC. tax rate     25.0 %     25.0 %
Effect of PRC tax rate holiday     -10.0 %     -10.0 %
Valuation allowance     15.0 %     15.0 %
      0.0 %     0.0 %
Schedule of provisions for income taxes
    Three months ended
September 30, 2019
(Unaudited)
    Three months ended
September 30, 2018  
(Unaudited)
 
Current   $ -     $ -  
Deferred     48,617       92,915  
Increase in valuation allowance     (48,617 )     (92,915 )
Total   $ -     $ -  
Schedule of net deferred tax asset
    September 30, 2019
(Unaudited)
    June 30, 2019  
Deferred tax asset – Net Operating Loss   $ 1,248,489     $ 1,199,872  
Valuation allowance     (1,248,489 )     (1,199,872 )
Net deferred tax asset   $ -     $ -