v3.19.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Jun. 30, 2019
Current Assets    
Cash $ 3,318,155 $ 6,072,637
Inventory 70,406 73,294
Prepaid expenses and other current assets 252,233 105,932
Total Current Assets 3,640,794 6,251,863
Property and equipment, net 35,757 41,116
Intangible assets, net 2,235,234 555,811
Prepaid expense - non current 221,396
Escrow 600,000 600,000
Right-of-use assets 1,197,819
Total Assets 7,931,000 7,448,790
Current Liabilities    
Accounts payable 12,572 13,088
Accrued expenses and other payables 78,652 264,684
Advances from customer 1,266,941 1,318,897
Loan payable-shareholder 86,733
Operating lease liabilities 358,938
Total Current Liabilities 1,717,103 1,683,402
Other liability    
Operating lease liabilities 838,881
Total Other Liability 838,881
Total Liabilities 2,555,984 1,683,402
Commitments and Contingencies
Stockholders' Equity    
Common stock, $0.001 par value, 375,000,000 shares authorized, 20,943,846 shares issued and outstanding at September 30 and June 30, 2019, respectively 20,944 20,944
Additional paid-in capital 11,104,666 11,104,666
Accumulated comprehensive income 196,519 189,906
Deficit (5,947,113) (5,550,128)
Total Stockholders' Equity 5,375,016 5,765,388
Total Liabilities and Stockholders' Equity $ 7,931,000 $ 7,448,790

Source