Income Taxes (Details Narrative) - USD ($) |
12 Months Ended | |
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Jun. 30, 2018 |
Jun. 30, 2017 |
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Increase in valuation allowance | $ 9,576,633 | |
Income tax, description | The net operating loss carryforwards decreased due to the change in the corporate tax rate from 35% to 21% | |
Change in the corporate tax rate | 21.00% | |
Operating loss carryforwards | $ 14,130,337 | |
Operating loss carryforward expiration date | expire in 2020 | |
Net operating loss | $ 3,054,911 | $ (1,001,214) |
Unrecognized tax benefits related to various federal and state income tax matters | ||
Undistributed earnings of foreign subsidiaries | 31,162,626 | |
Aggregate effect of income tax holiday | $ 472,259 | $ 876,058 |
Income tax basic and diluted earnings per share | $ 0.04 | $ 0.08 |
United States of America [Member] | Federal [Member] | ||
Operating loss carryforwards | $ 27,809,199 | |
United States of America [Member] | State [Member] | ||
Operating loss carryforwards | $ 4,074,845 |
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- Definition Operating loss carryforward expiration date. No definition available.
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- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the income tax rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A brief description of status of the tax examination, significant findings to date, and the entity's position with respect to the findings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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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://fasb.org/us-gaap/role/ref/legacyRef
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