INCOME TAXES (Details Narrative) - USD ($) |
12 Months Ended | |
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Jun. 30, 2023 |
Jun. 30, 2022 |
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Operating Loss Carryforwards [Line Items] | ||
Increase in valuation allowance | $ 500,434 | |
Operating loss carryforward expiration date | expire in 2028 | |
Net operating loss | $ (8,779,958) | $ (1,078,323) |
Undistributed earnings of foreign subsidiaries | 21,484,398 | |
Aggregate effect of income tax holiday | $ 1,359,169 | $ 1,260,502 |
Income tax basic and diluted earnings per share | $ 0.12 | $ 0.11 |
Foreign Entities [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Net operating loss | $ 6,022,156 | |
UNITED STATES | Federal [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Operating loss carryforwards | 29,963,170 | |
UNITED STATES | State [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Operating loss carryforwards | $ 8,561,437 |
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- Definition Operating loss carryforward expiration date. No definition available.
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- Definition The amount of income taxes from which a reporting entity is exempt or for which it will receive a reduction in income taxes as a result of the income tax holiday granted by the taxing jurisdiction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per share amount effect of the income tax benefit resulting from the income tax holidays granted by taxing jurisdictions. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of undistributed earnings of foreign subsidiaries intended to be permanently reinvested outside the country of domicile. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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