HQDA Elderly Life Network (HQDA) 10-Q 15 May 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2019	May 13, 2019
Document And Entity Information
Entity Registrant Name	HQDA ELDERLY LIFE NETWORK CORP.
Entity Central Index Key	0001304730
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		139,314,416
Trading Symbol	HQDA
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2019	Jun. 30, 2018
Current assets:
Cash	$ 361,534	$ 9,701,075
Loan receivable - related parties	4,070,201	52,877
Prepaid expense	93,706	6,567
Total current assets	4,525,441	9,760,519
Deposits	742,293	18,233,403
Properties and equipment, net	34,287,167	1,912
Total assets	39,554,901	27,995,834
Current liabilities:
Accounts payable and accrued liabilities	204,838	8,460
Share subscriptions to be returned	2,007,606	1,982,911
Payable for purchase of properties	10,877,501
Total liabilities	13,089,945	1,991,371
Commitments and contingencies-Note 8
STOCKHOLDERS' DEFICIT
Preferred stock: authorized 10,000,000 shares of $0.001 par value; issued and outstanding, none
Common stock: authorized 200,000,000 shares of $0.001 par value;issued and outstanding, 139,314,416 and 79,925,000 shares, respectively	139,314	79,925
Additional paid-in capital	29,675,992	9,264,384
Share subscriptions received in advance		18,189,623
Accumulated other comprehensive loss	(639,044)
Accumulated deficit	(2,711,306)	(1,529,469)
Total stockholders' equity	26,464,956	26,004,463
Total liabilities and stockholders' equity	$ 39,554,901	$ 27,995,834

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2019	Jun. 30, 2018
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, shares authorized	200,000,000	200,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	139,314,416	79,925,000
Common stock, shares outstanding	139,314,416	79,925,000

Consolidated Statements of Oper

Consolidated Statements of Operation and Comprehensive Income (loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Revenue	$ 80,090		$ 302,554
Operating costs:
General and administrative expenses	254,075	19,382	493,389	79,412
Depreciation and amortization	325,084	336	436,057	906
Professional fees	584,495	19,090	657,745	98,175
Other operating expenses	12,349	1,798	193,391	21,135
Operating costs	1,176,003	40,606	1,780,582	199,628
Operating loss	(1,095,913)	(40,606)	(1,478,028)	(199,628)
Other income (expense):
Interest Income		32,081	77,362	32,081
Other	529,893	9,873	218,829	8,235
Net income (loss)	(566,020)	1,348	(1,181,837)	(159,312)
Foreign currency translation, net tax	(639,044)		(639,044)
Comprehensive income (loss)	$ (1,205,064)	$ 1,348	$ (1,820,881)	$ (159,312)
Earnings per share
Basic and diluted income (loss) per share	$ (0.004)	$ 0	$ (0.011)	$ (0.004)
Weighted average common shares outstanding	139,314,416	42,550,000	109,619,708	36,718,358

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Capital Stock [Member]	Additional Paid-in Capital [Member]	Share Subscriptions Received in Advanced / Receivable [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Jun. 30, 2017	$ 9,945	$ 1,086,255		$ (1,061,987)		$ 34,213
Balance, shares at Jun. 30, 2017	9,945,000
Net loss				(159,312)		(159,312)
Common shares issued for cash, net	$ 32,610	1,597,890				1,630,500
Common shares issued for cash, net, shares	32,610,000
Share subscriptions received			369,740			369,740
Foreign currency translation, net tax
Balance at Mar. 31, 2018	$ 42,555	2,684,145	369,740	(1,221,299)		1,875,141
Balance, shares at Mar. 31, 2018	42,555,000
Balance at Jun. 30, 2018	$ 79,925	9,264,384	18,189,623	(1,529,469)		26,004,463
Balance, shares at Jun. 30, 2018	79,925,000
Net loss				(1,181,837)		(1,181,837)
Common shares issued for cash, net	$ 59,389	20,411,608				20,470,997
Common shares issued for cash, net, shares	59,389,416
Share subscriptions received			(18,189,623)			(18,189,623)
Foreign currency translation, net tax					(639,044)	(639,044)
Balance at Mar. 31, 2019	$ 139,314	$ 29,675,992		$ (2,711,306)	$ (639,044)	$ 26,464,956
Balance, shares at Mar. 31, 2019	139,314,416

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flow from operating activities
Net loss	$ (1,181,837)	$ (159,312)
Adjustments to reconcile loss to net cash used in operating activities:
Loss on forgiven debt (accrued interest income)	52,877	(32,081)
Depreciation	416,158	906
Decrease in account receivable		50,000
Increase in prepaid expenses	(87,139)	(6,467)
Increase (decrease) in accounts payable and accrued liabilities	196,378	(11,190)
Net cash used in operating activities	(603,563)	(158,144)
Cash flow from investing activities
Purchase of equipment	(6,332,802)	(3,156)
Loan advance	(4,070,201)	(1,762,478)
Net cash used in investing activities	(10,403,003)	(1,765,634)
Cash flow from financing activities
Issuance of common shares, net	2,281,374	1,630,500
Share subscriptions received in advance		369,740
Loans from related parties		1,071
Net cash provided by financing activities	2,281,374	2,001,311
Effect of exchange rate changes	(614,349)
Increase (decrease) in cash	(9,339,541)	77,533
Cash, beginning	9,701,075
Cash, ending	361,534	77,533
Supplemental Disclosures:
Cash paid for interest
Cash paid for income taxes

Nature and Continuance of Opera

Nature and Continuance of Operations	9 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature and Continuance of Operations	1. Nature and Continuance of Operations HQDA Elderly Life Network Corp. (formerly Hartford Retirement Network Corp.) (the “Company”) was incorporated under the laws of the State of Nevada on January 21, 2004. Effective June 26, 2017, the Company changed its name to Hartford Retirement Network Corp. and increased its authorized shares of common stock, par value $0.001 per share from 75,000,000 to 200,000,000 and authorized 10,000,000 preferred stock, par value $0.001 per share, with such rights, preferences and limitations as may be set from time to time by resolution of the Board of Directors (Note 6). Effective April 23, 2018, the Company changed its name to HQDA Elderly Life Network Corp. On August 31, 2018, the Company’s wholly-owned subsidiary entered into an agreement with Shanghai Qiao Hong Real Estate, Ltd. (“SQHR”) to manage an apartment building owned by SQHR located in Pudong New Area District Shanghai, China. The apartment building has 130 one-bedroom apartments and caters to mostly men and women over the age of 50. The Company intends to enter the business of owning, leasing and/or operating senior living residences that will provide seniors with supportive, home life setting with care and services, including activities of daily living, life enrichment and health and wellness. These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company was in the business of acquiring and exploring mineral properties. In May 2017, the Company shifted its focus to senior housing and retirement services and products. The Company is devoting all of its present efforts in establishing a new business. These consolidated interim financial statements do not include all information and footnotes required by GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended June 30, 2018 included in the Company’s Annual Report on Form 10-K, filed with the SEC. The interim unaudited financial statements should be read in conjunction with those financial statements for the year ended June 30, 2018 included in the Company’s Annual Report on Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended March 31, 2019, are not necessarily indicative of the results that may be expected for the year ending June 30, 2019. The Company’s consolidated interim financial statements as of March 31, 2019 and for the nine months ended have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company reported a net loss of $1,181,837 for the nine months ended March 31, 2019 and has a working deficit of $8,564,504 at March 31, 2019. Management cannot provide assurance that the Company will ultimately achieve profitable operations or become cash flow positive, or raise additional debt and/or equity capital. Management believes that the Company’s capital resources will not be adequate to continue operating and maintaining its business strategy for the next 12 months. If the Company is unable to raise additional capital in the near future, management expects that the Company will need to curtail operations, seek additional capital on less favorable terms and/or pursue other remedial measures. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. At March 31, 2019, the Company had an accumulated deficit of $2,711,306 and cash of $361,534. Although management is currently attempting to implement its new business plan, and is seeking additional sources of equity or debt financing, there is no assurance these activities will be successful. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Principles of Consolidation The Company’s consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Shanghai Hartford Health Management Ltd., a company incorporated in the People’s Republic of China (the “PRC”) from November 9, 2017. All inter-company balances have been eliminated upon consolidation. Foreign currency translation The United States dollar (“USD”) is the Company’s reporting currency. The functional currency for the Company’s wholly owned subsidiary, Shanghai Hartford Health Management Ltd. is the Renminbi (“RMB”). Assets and liabilities measured in RMB are translated into USD at the prevailing exchange rates in effect as of the financial statement date and the related gains and losses, net of applicable deferred income taxes, are reflected in accumulated other comprehensive income (loss) in its consolidated balance sheets. Income and expense accounts are translated at the average exchange rate for the period. Certain amounts in prior periods have been reclassified to conform with current period presentation.

Recent Accounting Pronouncement

Recent Accounting Pronouncement	9 Months Ended
	Mar. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncement	2. Recent Accounting Pronouncement In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02 (Topic 842) “Leases.” Topic 842 supersedes the lease recognition requirements in Accounting Standards Codification (“ASC”) Topic 840 “Leases.” Under Topic 842, lessees are required to recognize a right-of-use asset and a lease liability for substantially all leases. Leases will continue to be classified as either finance or operating. Topic 842 is effective for annual reporting periods and interim periods within those years beginning after December 15, 2018 with early adoptions permitted. The Company does not anticipate this amendment to have a significant impact on the financial statements. In June 2016, the FASB issued ASU No. 2016-13 “Financial Instruments-Credit Losses” (Topic 326): Measurement of Credit Losses on Financial Instruments” which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses. ASU 2016-13 is effective for annual reporting periods, and interim periods within those years beginning after December 15, 2019. The Company does not anticipate this amendment to have a significant impact on the consolidated financial statements. On August 28, 2018, the FASB issued ASU No. 2018-13 to improve the effectiveness of disclosures about fair value measurements required under ASC 820 as part of its disclosure framework project, which has an objective and primary focus to improve the effectiveness of disclosures in the notes to financial statements. The ASU amends the disclosure requirements for recurring and nonrecurring fair value measurements by removing, modifying, and adding certain disclosures. The new ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company does not anticipate this amendment to have a significant impact on its consolidated financial statements. On July 1, 2018 the Company adopted Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (ASC 606),” which is a comprehensive new revenue recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services. The Company adopted ASC 606 using the modified retrospective method. The Company evaluated its revenue streams to identify whether it would be subject to the provisions of ASC 606 and any differences in timing, measurement or presentation of revenue recognition. The Company’s main source of revenue is generated from operating senior living residences. The Company recognizes resident fees and services, other than move-in fees, monthly as services are provided. Under ASC 606, the pattern and timing of recognition of income from assisted living facility is consistent with the prior accounting model.

Loans Receivable

Loans Receivable	9 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Loans Receivable	3. Loans Receivable During the year ended June 30, 2018, the Company loaned $1,576,921 (RMB 10,437,800) to Shanghai Qiao Garden Group (“Shanghai Qiao Garden”). The loan was unsecured, bears interest at 8% per annum and due on demand. During the year ended June 30, 2018, the Company received $1,524,044 (RMB 10,087,800). During the nine months period ended March 31, 2019, the Company waived $52,877, the full amount of accrued interest as the Company demanded the payment prematurely (2017 - $Nil). The amount is recorded in other expense on its consolidated statements operations. During the nine months ended March 31, 2019, the Company loaned $4,360,971 (RMB 30,000,000) to Zhonghuaai Wufu (Shanghai) Hotel Management Ltd., which is under common control with the Company. The loan was unsecured, bore interest at 4.35% per annum, unsecured and due in one year. Beginning from January 2019, the Company ceased to accrue interests as it expects to receive repayment in fourth fiscal quarter. Outstanding balance as of March 31, 2019 was $4,070,201.

Asset Acquisition

Asset Acquisition	9 Months Ended
	Mar. 31, 2019
Asset Acquisition
Asset Acquisition	4. Asset Acquisition On April 2, 2018, the Company entered into an Asset Purchase Agreement (the “APA”) whereby the Company will purchase land use rights, buildings, construction rights and other property rights located in Shanghai from a third party for a total purchase price of $36,991,173 (RMB 233,000,0000 at exchange rate of 0.1587), which was its approximate fair value as estimated by a third party appraisal firm. A summary of fair value of the asset as following: Description Location Amount (1) Amount (in dollars) (in RMB) Building and building imrpovements and land use rights Shanghai Pudong New Area Zhangjiang Ziwei Rd No. 372 and No. 376. 30,778,879 193,870,000 Land use rights Shanghai Chongming District San Shuang Gong Lu No. 4797. 6,212,294 39,130,000 36,991,173 233,000,000 (1) The exchange rate of 0.1587 was used to translate the RMB amounts at purchase date. As of March 31, 2019, the Company has paid total of $23,841,100 (RMB 160,000,000) and recorded remaining balance of $10,877,501 (RMB73,000,000) in payable on its consolidated balance sheet. All of assets purchased, the cost of $34,718,601 as of March 31, 2019 has been transferred to properties and equipment during the nine months period ended March 31, 2019.

Properties and Equipment, Net

Properties and Equipment, Net	9 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Properties and Equipment, Net	5. Properties and Equipment, net March 31, June 30, 2019 2018 Building and building improvements $ 28,887,962 $ — Land use rights and land use rights improvements 5,830,639 — Furniture and office equipment 8,971 3,157 Accumulated depreciation (440,405 ) (1,245 ) $ 34,287,167 $ 1,912

Common Stock

Common Stock	9 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Common Stock	6. Common Stock During the nine months ended march 31, 2019, the Company issued 59,389,416 shares, net of cancellations through private placements to Chinese investors (Regulation S). At March 31, 2019, the total issued and outstanding capital stocks was 139,314,416 common shares with a par value of $0.001 per common share (June 30, 2018 – 79,925,000).

Related Party Transactions

Related Party Transactions	9 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	7. Related Party Transactions In November 2018, Huanqiu Daai Guangzhou Company, an entity under common control, borrowed $1,260,613 from the Company for their business operation. The loan receivable was unsecured, bear no interest and due on demand. Subsequently the loan was paid back at its entirety on January 29, 2019. During the nine months ended March 31, 2019, and 2018, the Company paid a management fee of $91,980 and $65,000, respectively, to the Company’s Chief Financial Officer. Reimbursement of miscellaneous office expenses and/or travel expenses that were advanced by Chief Financial Officer to the company are sometimes delayed. Unreimbursed expenses of $6,486 are included in the accounts payable and accrued liabilities on the Company’s consolidated balance sheet. As of March 31, 2019, the outstanding balance of advance from the Company to Zhonghuaai Wufu (Shanghai) Hotel Management Ltd., which is under common control with the Company was $4,070,201.

Commitments

Commitments	9 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments	8. Commitments The Company entered into the APA to purchase two properties in Shanghai totaling RMB 233,000,000. Payments of $23,841,100 (RMB 160,000,000) has been made and the remainder of $10,877,501 (RMB73,000,000) is due on or before December 31, 2019. On June 15, 2018, the Company entered into a conference consultancy service agreement whereas the consultant will provide consulting service and assistance to the Company to hold 30 conferences in China within a two-year period for a total purchase price of $794,000 (RMB 5,250,000).

Subsequent Event

Subsequent Event	9 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Event	9. Subsequent Event Management has evaluated all events and transactions through the date the Company issued these consolidated financial statements. During this period: On April 16, 2019 the Company entered into a Business Project Investment Agreement (the “Acquisition Agreement”) with Palau Asia-Pacific International Aviation and Travel Agency consisting of Palau Asia Pacific Air Management Limited, Global Tourism Management Limited and Global (Guangzhou) Tourism Service Co., Ltd. (collectively the “Project Company”) pursuant to which it will acquire 51% of the issued and outstanding capital stock of Project Company for $8,000,000, representing 49% of the Project Company’s dividend distribution, voting rights and liquidation interest of assets. The Project Company will remain the main operator of the existing business. The $8,000,000 will be paid as follows: $3,000,000 on or before April 27, 2019; $2,000,000 on or before June 30, 2019 and $3,000,000 on or before September 30, 2019.

Asset Acquisition (Tables)

Asset Acquisition (Tables)	9 Months Ended
	Mar. 31, 2019
Asset Acquisition
Summary of Fair Value of Asset	A summary of fair value of the asset as following: Description Location Amount (1) Amount (in dollars) (in RMB) Building and building imrpovements and land use rights Shanghai Pudong New Area Zhangjiang Ziwei Rd No. 372 and No. 376. 30,778,879 193,870,000 Land use rights Shanghai Chongming District San Shuang Gong Lu No. 4797. 6,212,294 39,130,000 36,991,173 233,000,000 (1) The exchange rate of 0.1587 was used to translate the RMB amounts at purchase date.

Properties and Equipment, Net (

Properties and Equipment, Net (Tables)	9 Months Ended
	Mar. 31, 2019
Property, Plant and Equipment [Abstract]
Schedule of Properties and Equipment Net	March 31, June 30, 2019 2018 Building and building improvements $ 28,887,962 $ — Land use rights and land use rights improvements 5,830,639 — Furniture and office equipment 8,971 3,157 Accumulated depreciation (440,405 ) (1,245 ) $ 34,287,167 $ 1,912

Nature and Continuance of Ope_2

Nature and Continuance of Operations (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2018	Jun. 26, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Common stock, par value per share	$ 0.001		$ 0.001		$ 0.001	$ 0.001
Common stock shares authorized	200,000,000		200,000,000		200,000,000	75,000,000
Preferred stock, shares authorized	10,000,000		10,000,000		10,000,000	10,000,000
Preferred stock, par value	$ 0.001		$ 0.001		$ 0.001	$ 0.001
Net loss	$ (566,020)	$ 1,348	$ (1,181,837)	$ (159,312)
Working capital	8,564,504		8,564,504
Accumulated deficit	2,711,306		2,711,306		$ 1,529,469
Cash	$ 361,534		$ 361,534		$ 9,701,075

Loans Receivable (Details Narra

Loans Receivable (Details Narrative)	9 Months Ended	12 Months Ended
	Mar. 31, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2018CNY (¥)	Mar. 31, 2019CNY (¥)	Mar. 31, 2017USD ($)
Accrued interest waived, value	$ 52,877
Shanghai Qiao Garden [Member]
Loans receivable		$ 1,576,921
Bears interest rate		8.00%
Proceeds from repayments of loan		$ 1,524,044
Shanghai Qiao Garden [Member] | RMB Currency [Member]
Loans receivable		$ 10,437,800
Proceeds from repayments of loan | ¥			¥ 10,087,800
Zhonghuaai Wufu [Member]
Loans receivable	$ 4,360,971
Bears interest rate	4.35%			4.35%
Loan due period	1 year
Outstanding balance	$ 4,070,201
Zhonghuaai Wufu [Member] | RMB Currency [Member]
Loans receivable | ¥				¥ 30,000,000

Asset Acquisition (Details Narr

Asset Acquisition (Details Narrative)		Apr. 02, 2018USD ($)	Apr. 02, 2018CNY (¥)	Mar. 31, 2019USD ($)	Mar. 31, 2019CNY (¥)	Mar. 31, 2018USD ($)	Mar. 31, 2019CNY (¥)	Jun. 30, 2018USD ($)
Payments for purchase of assets				$ 6,332,802		$ 3,156
Paid for purchase of properties				23,841,100
Payable for purchase of properties				10,877,501
Transferred to properties and equipment amount				34,718,601
RMB Currency [Member]
Paid for purchase of properties | ¥							¥ 160,000,000
Payable for purchase of properties | ¥							¥ 73,000,000
Asset Purchase Agreement [Member]
Payments for purchase of assets	[1]			$ 36,991,173
Asset Purchase Agreement [Member] | RMB Currency [Member]
Payments for purchase of assets | ¥					¥ 233,000,000
Asset Purchase Agreement [Member] | Land Buildings and Property Rights [Member]
Payments for purchase of assets		$ 36,991,173
Exchange rate		0.1587	0.1587
Asset Purchase Agreement [Member] | Land Buildings and Property Rights [Member] | RMB Currency [Member]
Payments for purchase of assets | ¥			¥ 233,000,000
[1]	The exchange rate of 0.1587 was used to translate the RMB amounts at purchase date.

Asset Acquisition - Summary of

Asset Acquisition - Summary of Fair Value of Asset (Details)		9 Months Ended
		Mar. 31, 2019USD ($)	Mar. 31, 2019CNY (¥)	Mar. 31, 2018USD ($)
Payments for purchase of assets		$ 6,332,802		$ 3,156
Asset Purchase Agreement [Member]
Payments for purchase of assets	[1]	$ 36,991,173
Asset Purchase Agreement [Member] | RMB Currency [Member]
Payments for purchase of assets | ¥			¥ 233,000,000
Asset Purchase Agreement [Member] | Building and Building Improvements and Land Use Rights [Member]
Asset acquisition, description		Builing and building imrpovements and land use rights	Builing and building imrpovements and land use rights
Location		Shanghai Pudong New Area Zhangjiang Ziwei Rd No. 372 and No. 376.	Shanghai Pudong New Area Zhangjiang Ziwei Rd No. 372 and No. 376.
Payments for purchase of assets	[1]	$ 30,778,879
Asset Purchase Agreement [Member] | Building and Building Improvements and Land Use Rights [Member] | RMB Currency [Member]
Payments for purchase of assets | ¥			¥ 193,870,000
Asset Purchase Agreement [Member] | Land Use Rights [Member]
Asset acquisition, description		Land use rignts	Land use rignts
Location		Shanghai Chongming District San Shuang Gong Lu No. 4797.	Shanghai Chongming District San Shuang Gong Lu No. 4797.
Payments for purchase of assets	[1]	$ 6,212,294
Asset Purchase Agreement [Member] | Land Use Rights [Member] | RMB Currency [Member]
Payments for purchase of assets | ¥			¥ 39,130,000
[1]	The exchange rate of 0.1587 was used to translate the RMB amounts at purchase date.

Properties and Equipment, Net -

Properties and Equipment, Net - Schedule of Properties and Equipment Net (Details) - USD ($)	Mar. 31, 2019	Jun. 30, 2018
Accumulated depreciation	$ (440,405)	$ (1,245)
Properties and equipment, net	34,287,167	1,912
Building and Building Improvements [Member]
Properties and equipment	28,887,962
Land Use Rights and Land Use Rights Improvements [Member]
Properties and equipment	5,830,639
Furniture and Office Equipment [Member]
Properties and equipment	$ 8,971	$ 3,157

Common Stock (Details Narrative

Common Stock (Details Narrative) - $ / shares	9 Months Ended
	Mar. 31, 2019	Jun. 30, 2018	Jun. 26, 2017
Common stock, shares issued	139,314,416	79,925,000
Common stock, shares outstanding	139,314,416	79,925,000
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Private Placement [Member] | Chinese investors (Regulation S) [Member]
Number of issued shares of cancellations through private placements	59,389,416

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Nov. 30, 2018
Unreimbursed expenses	$ 6,486
HQDA Guangzhou Company [Member]
Unsecured loan receivable			$ 1,260,613
Zhonghuaai Wufu (Shanghai) Hotel Management Ltd [Member]
Outstanding balnce of advance from company	4,070,201
Chief Financial Officer [Member]
Management fees	$ 91,980	$ 65,000

Commitments (Details Narrative)

Commitments (Details Narrative)		Jun. 15, 2018USD ($)	Jun. 15, 2018CNY (¥)	Mar. 31, 2019USD ($)	Mar. 31, 2019CNY (¥)	Mar. 31, 2018USD ($)
Payments to acquire properties purchased | $				$ 6,332,802		$ 3,156
Asset Purchases Agreement [Member]
Payments to acquire properties purchased | $				23,841,100
Asset Purchases Agreement [Member] | RMB Currency [Member]
Properties purchase price, value | ¥					¥ 233,000,000
Payments to acquire properties purchased | ¥					160,000,000
Asset Purchase Agreement [Member]
Payments to acquire properties purchased | $	[1]			36,991,173
Asset Purchase Agreement [Member] | December 31, 2019 [Member]
Payments to acquire properties purchased | $				$ 10,877,501
Asset Purchase Agreement [Member] | RMB Currency [Member]
Payments to acquire properties purchased | ¥					233,000,000
Asset Purchase Agreement [Member] | RMB Currency [Member] | December 31, 2019 [Member]
Payments to acquire properties purchased | ¥					¥ 73,000,000
Conference Consultancy Service Agreement [Member]
Properties purchase price, value | $		$ 794,000
Agreement term		2 years	2 years
Conference Consultancy Service Agreement [Member] | RMB [Member]
Properties purchase price, value | ¥			¥ 5,250,000
[1]	The exchange rate of 0.1587 was used to translate the RMB amounts at purchase date.

Subsequent Event (Details Narra

Subsequent Event (Details Narrative) - Subsequent Event [Member] - Business Project Investment Agreement [Member]	Apr. 16, 2019USD ($)
Acquisition descripton	(collectively the “Project Company”) pursuant to which it will acquire 51% of the issued and outstanding capital stock of Project Company for $8,000,000, representing 49% of the Project Company’s dividend distribution, voting rights and liquidation interest of assets. The Project Company will remain the main operator of the existing business.
Acquire percentage	51.00%
Acquire of issued and outstanding capital stock value	$ 8,000,000
Acquisition payment	8,000,000
Before April 27, 2019 [Member]
Acquisition payment	2,000,000
Before June 30, 2019 [Member]
Acquisition payment	2,000,000
Before September 30, 2019 [Member]
Acquisition payment	$ 3,000,000