Income Taxes (Details Narrative) - USD ($) |
12 Months Ended | |
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Jun. 30, 2021 |
Jun. 30, 2020 |
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Increase in valuation allowance | $ 129,758 | |
Operating loss carryforward expiration date | Expire in 2028 | |
Net operating loss | $ 2,720,849 | $ 1,070,338 |
Unrecognized tax benefits related to various federal and state income tax matters | ||
Undistributed earnings of foreign subsidiaries | 33,349,743 | |
Aggregate effect of income tax holiday | $ 202,918 | $ 47,477 |
Income tax basic and diluted earnings per share | $ 0.018 | $ 0.004 |
Foreign Entities [Member] | ||
Net operating loss | $ 3,506,583 | |
US [Member] | Federal [Member] | ||
Operating loss carryforwards | 28,678,045 | |
US [Member] | State [Member] | ||
Operating loss carryforwards | $ 7,935,883 |
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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/exampleRef
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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 Amount of undistributed earnings of foreign subsidiaries intended to be permanently reinvested outside the country of domicile. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of unrecognized tax benefits. 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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