HQDA Elderly Life Network (HQDA) 10-K 25 Oct 19 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2019	Oct. 23, 2019	Dec. 31, 2018
Document And Entity Information
Entity Registrant Name	HQDA ELDERLY LIFE NETWORK CORP.
Entity Central Index Key	0001304730
Document Type	10-K
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Reporting Status Current	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 59,710,374
Entity Common Stock, Shares Outstanding		139,314,416
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2019	Jun. 30, 2018	[1]
Current assets:
Cash	$ 350,734	$ 9,701,075
Accounts receivable	1,558
Other receivable	404,981	869,071	[2]
Receivable - related parties	168,958	46,834
Total current assets	926,231	10,616,980
Deposits	21,042,068	13,898,300
Properties and equipment, net	5,591,839	3,876
Capitalized software	146,710
Total assets	27,706,848	24,519,156
Current liabilities:
Accounts payable and accrued liabilities	112,504	8,460
Unearned revenue	18,659
Payable to related party	2,207,742	1,774,808
Total liabilities	2,338,905	1,783,268
Commitments and contingencies - Note 10
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	29,719,865	9,264,384
Share subscriptions received in advance		14,921,048
Accumulated other comprehensive loss	(1,138,433)
Accumulated deficit	(3,352,803)	(1,529,469)
Total stockholders' equity	25,367,943	22,735,888
Total liabilities and stockholders' equity	$ 27,706,848	$ 24,519,156
[1]	For discussion on the restatements, see notes to consolidated financial statements 2.
[2]	Combined in one financial statement line to Other receivable on consolidated balance sheet

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 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 Comp

Consolidated Statements of Comprehensive Income (loss) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Revenue	$ 477,958
Operating costs:
General and administrative expenses	1,103,566	108,504
Depreciation and amortization	115,980	1,245
Professional fees	605,244	131,333
Other operating expenses	12,515	29,212
Operating costs	1,837,305	270,294
Operating loss	(1,359,347)	(270,294)
Other income (expense):
Interest Income		3,001
Foreign currency translation loss	(460,133)	(199,135)
Other	(3,854)	(1,054)
Net loss	(1,823,334)	(467,482)
Foreign currency translation, net tax	(1,138,433)
Comprehensive loss	$ (2,961,767)	$ (467,482)
Earnings per share
Basic and diluted income (loss) per share	$ (0.01)	$ (0.01)
Weighted average common shares outstanding	122,709,719	49,008,178

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flow from operating activities
Net loss	$ (1,823,334)	$ (467,482)
Adjustments to reconcile loss to net cash used in operating activities:
Depreciation and amortization	115,980	1,245
Changes in operating assets and liabilities:
(Increase) decrease in account receivable	(1,558)	50,000
(Increase) decrease in other receivable	464,090	(868,971)
Increase in related party receivable	(122,124)	(46,834)
Increase (decrease) in accounts payable and accrued liabilities	104,044	(7,427)
Increase in unearned revenue	18,659
Decrease in related party payable	432,934	1,774,808
Net cash used in operating activities	(811,309)	435,339
Cash flow from investing activities
Purchase of fixed assets	(4,514)	(5,121)
Deposits made for acquisitions	(13,705,013)	(13,898,300)
Acquisition of capitalized software	(146,710)
Net cash used in investing activities	(13,856,237)	(13,903,421)
Cash flow from financing activities
Issuance of common shares, net	5,593,822	8,248,109
Share subscriptions received in advance		14,921,048
Net cash provided by financing activities	5,593,822	23,169,157
Effect of exchange rate changes	(276,617)
Increase (decrease) in cash	(9,350,341)	9,701,075
Cash, beginning	9,701,075
Cash, ending	$ 350,734	$ 9,701,075

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - 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					(467,482)		(467,482)
Common shares issued for cash, net		$ 69,980	8,178,129				8,248,109
Common shares issued for cash, net, shares		69,980,000
Subscriptions received				14,921,048			14,921,048
Foreign currency translation, net tax
Balance at Jun. 30, 2018	[1]	$ 79,925	9,264,384	14,921,048	(1,529,469)		22,735,888
Balance, shares at Jun. 30, 2018	[1]	79,925,000
Net loss					(1,823,334)		(1,823,334)
Common shares issued for cash, net		$ 59,389	20,455,481				20,514,870
Common shares issued for cash, net, shares		59,389,416
Subscriptions received				(14,921,048)			(14,921,048)
Foreign currency translation, net tax						(1,138,433)	(1,138,433)
Balance at Jun. 30, 2019		$ 139,314	$ 29,719,865		$ (3,352,803)	$ (1,138,433)	$ 25,367,943
Balance, shares at Jun. 30, 2019		139,314,416
[1]	For discussion on the restatements, see notes to consolidated financial statements 2.

Nature and Continuance of Opera

Nature and Continuance of Operations	12 Months Ended
	Jun. 30, 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. In September 2017, the Company acquired Shanghai Hongfu Health Management Ltd, a company incorporated in the People’s Republic China (“PRC”). Following the acquisition, on April 23, 2018, the Company changed its name to HQDA Elderly Life Network Corp. Through its newly acquired and wholly-owned subsidiary, Shanghai Hongfu Health management Ltd., The Company purchased senior living facilities and launched a senior living residences business, which, hosts to mostly men and women over the age of 50. The Company intends to expand its business of owning, leasing and/or operating senior living residences that will provide seniors with a supportive, home life setting with care and services, including activities of daily living, life enrichment and health and wellness. The Company’s consolidated financial statements as of June 30, 2019 and for the year then 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 $1,823,334 and $467,482 for the years ended June 30, 2019 and 2018, respectively. As of June30, 2019, it had a negative working capital deficiency of $1,412,674 while it had a working capital of $8,833,712 at June 30, 2018. 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 consolidated 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The Company’s consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Shanghai Hongfu Health Management Ltd., an entity in the People’s Republic of China (the “PRC”) acquired on November 9, 2017. All inter-company balances have been eliminated upon consolidation. The Company’s fiscal year end is June 30. Foreign currency translation The United States dollar (“USD”) is the Company’s reporting currency. The Company’s wholly owned subsidiary, Shanghai Hongfu Health Management Ltd. is located in China. The net sales generated and the related expenses directly incurred from the operations are denominated in local currency, Renminbi (“RMB”). The functional currency of the subsidiary is generally the same as the local currency. 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. The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. Stated on July 1, 2019, the subsidiary has changed its functional currency to RMB. Prior to the change, the functional currency for the Company’s subsidiary in Shanghai was U.S. dollars. Monetary assets and liabilities denominated in local currency, RMB were translated using the exchange rate prevailing at the balance sheet date. Gains and losses arising from the settlement of RMB denominated transactions or balances are included in current earnings. As a result, for the year ended June 30, 2019 and 2018, the Company recorded $460,133 and $199,135 of foreign exchange loss in the consolidated statement of operations, respectively. The Company did not record a cumulative effect adjustment to its beginning retained earnings for this accounting change. Cash and cash equivalents Cash and cash equivalents include bank deposits and liquid investments with original maturities of three months or less. Concentration risk The Company maintains cash with banks in the USA and PRC. Should any bank holding cash become insolvent, or if the Company is otherwise unable to withdraw funds, the Company would lose the cash with that bank; however, the Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts. In China, a depositor has up to RMB500,000 insured by the People’s Bank of China Financial Stability Bureau (“FSD”). In the United States, the standard insurance amount is $250,000 per depositor in a bank insured by the Federal Deposit Insurance Corporation (“FDIC”). Financial instruments that potentially subject the Company to significant concentrations of credit risk are cash and cash equivalents and accounts receivable. As of June 30, 2019, $109,850 of the Company’s cash and cash equivalents held by financial institutions was uninsured. With respect to accounts receivable, the Company generally does not require collateral and does not have an allowance for doubtful accounts. Revenue recognition On July 1, 2018 the Company adopted Accounting Standards Update (“ASU”) 2014-09, Accounting Standards Codification Topic 606, Revenue from Contracts with Customers Unearned revenue Unearned revenue is recorded when payments are received in advance of performing our services obligations and is recognized over the service period. Unearned revenue is primarily related to prepayments of monthly facility and service fees. Property and equipment Property and equipment are initially recorded at their historical cost. Repairs and maintenance are expensed as incurred. Depreciation is computed using the straight-line method over the following estimated useful lives of the depreciable assets: ● Building: 40 years ● Building improvements: 8 years ● Land use rights: 40 years ● Office equipment and Furniture: 2-5 years All land in the PRC is owned by the PRC government and cannot be sold to any individual or company. The Company has recorded the amounts paid to the PRC government to acquire long-term interests to utilize land use rights. This type of arrangement is common for the use of land in the PRC. The Company amortizes land use rights based on the term of the respective land use rights or expected useful lives, which generally ranges from 15 to 50 years. The land use rights of Collective Lands has unlimited useful life time. The Company reviews the carrying value of long-lived assets that are held and used in the Company’s operating subsidiary for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Income taxes Deferred income taxes and tax benefits are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, and for tax losses and credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company provides for deferred taxes for the estimated future tax effects attributable to temporary differences and carry-forwards when realization is more likely than not. The Tax cut and Jobs Act (the Tax Act), which was enacted in December 2017, decreased the corporate income tax rate from 35.0% to 21.0% beginning on January 1, 2018. The impact of the Tax Act was minimal to the Company’s consolidated financial statements. Use of estimates and assumptions The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from these estimates. Fair Value of Financial Instruments The Company’s financial instruments consist principally of cash, accounts receivable, prepaid expense, accounts payable and other payable. The Company believes all of the financial instruments’ recorded values approximate fair values because of their nature or respective short durations. Certain prior year figures have been adjusted to conform to the current year’s presentation. Recently issued accounting pronouncements 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 will adopt the new standard effective July 1, 2019. As part of the adoption of ASU 2016-02, the Company will make accounting policy election that will not recognizing leases with an initial term of 12 months or less on the consolidated balance sheet. As of June 30, 2019, the Company only has one month-to-month office lease with monthly rent of $1,020. The adoption of this new accounting standard will not have an effect on the Company’s consolidated 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.

Restatements

Restatements	12 Months Ended
	Jun. 30, 2019
Restatements
Restatements	3. Restatements In September 2019, the Company received a report from our external auditors that total payments made for acquisition of assets from Shanghai Qiao Garden as of June 30, 2018 was overstated by $4,335,103 (deposit), other current assets in aggregate were understated by $856,461 and advance subscriptions received were overstated by $3,268,575 on audited balance sheet as of June 30, 2018 on Form 10-K filed on October 12, 2018. The Company determined that it would be appropriate to correct these errors. Restated Consolidated Balance Sheet (Adjusted Line Items) June 30, 2018 As previously reported As restated Change ASSETS Current assets: Prepaid expense (1) 6,567 816,194 $ (809,627 ) Loan receivable 52,877 46,834 6,043 Other receivable (1) — 52,877 (52,877 ) 59,444 915,905 (856,461 ) Deposits 18,233,403 13,898,300 4,335,103 Properties and equipment, net 1,912 3,876 (1,964 ) Total assets $ 18,294,759 $ 14,818,081 $ 3,476,678 LIABILITIES AND STOCKHOLDERS’EQUITY Share subscription fund to be returned 1,982,911 - 1,982,911 Payable to related party — 1,774,808 (1,774,808 ) Share subscriptions received in advance 18,189,623 14,921,048 3,268,575 Total liabilities and stockholders’ equity $ 20,172,534 $ 16,695,856 $ 3,476,678 (1): Combined in one financial statement line to Other receivable

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	4. Related Party Transactions Receivable and Payable Receivable from related parties amounted $168,958 and $46,834 at June 30, 2019 and June 30, 2018, respectively. Payable to related parties amounted to $2,207,742 and $1,774,808 at June 30, 2019 and June 30, 2018, respectively. The related party amounts are mainly are results of normal operations dealing with companies that owned by the Company’s CEO. Related party transactions On July 2018, the Company entered a $172,600 (RMB1,185,000) service agreement with one party that is under the common control of the Company’s CEO to develop the Company’s website and a BBC shopping App. As of June 30, 2019, the project has not yet finished, the Company capitalized the development cost of the website and App in the amount of $146,710 based on the completion percentage method. The entire project is expecting to finish by the end of 2019. Other During the year ended June 30, 2019 and 2018, the Company paid management fees of $126,000 and $91,000, respectively, to the Company’s Chief Financial Officer. For the year ended June 30, 2019 and 2018, the Company owed to its Chief Financial Officer the amounts of $11,958 and $3,160, respectively, included in accrued liabilities. The amounts represent expenses paid by the Company’s CFO on behalf of the Company.

Acquisitions

Acquisitions	12 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Acquisitions	5. Acquisitions 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 improvements and land use rights (Asset A) Shanghai Pudong New Area Zhangjiang Ziwei Rd No. 372 and No. 376. 30,778,879 193,870,000 Land use rights (Asset B) 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 June 30, 2019, the Company has paid a total of $23,741,552 (RMB 163,000,000), subsequently paid another $1,165,230(RMB 8,000,000). On September 1, 2018, the Company obtained the full management and operation rights of the senior hotel property and other assets (Property A) located at Shanghai Pudong New Area pursuant to the Operation Rights Transferring Agreement entered on August 31, 2018 with the seller. Although the Company has the rights to operate the senior living services of Asset A purchased under this agreement, and is currently generating revenues, the Company has not received a deed because the seller is involved in several lawsuits that have resulted in decisions to restrict transferring it by Shanghai local district courts. Therefore, The Company has decided not to make any further payments until the asset is free of the restrictions. As of June 30, 2019, $18,042,123 payments made for Asset A was recorded as deposit. Further, the Company consummated the share purchase agreement to acquire the entity – Shanghai Qiaoyuan Information Technology Co., Ltd (“SH QYIT”) on November 2018 who holds the land use rights of Property B located on Shanghai Chongming. Asset B has been transferred to Properties and equipment, net 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. As of June 30, 2019, the Company made a $3,000,000 payment. However, the acquisition was subject to continuing due diligence, negotiation and customary closing conditions, including completion of an audit. The process of due diligence and audit are still on going. Therefore, additional payments have been postponed until a satisfactory audit can be delivered and other due diligence has been completed. We cannot be assured that the transaction will be completed as intended. In September 2017, the Company purchased Shanghai Hongfu Health Management Ltd, a company incorporated in the People’s Republic China with a purchase price of RMB350,000 ($53,790). The Company had $59,812 in net asset at fair value and $1,820 in cash. The acquisition was for the purpose of entering senior residential service industry in China as acquired company had all necessary licenses.

Properties and Equipment, Net

Properties and Equipment, Net	12 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Properties and Equipment, Net	6. Properties and Equipment, net June 30, 2019 June 30, 2018 Land use rights and land use rights improvements $ 5,699,429 $ — Furniture and office equipment 10,039 5,121 Accumulated depreciation (117,629 ) (1,245 ) $ 5,591,839 $ 3,876 Capitalized software $ 146,710 $ — During the years ended June 30, 2019 and 2018, the depreciation expenses amounted to $115,980 and $1,245, respectively.

Capital Stock

Capital Stock	12 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Capital Stock	7. Capital Stock During the year ended June 30, 2019, the Company issued 59,389,416 shares, net of cancellations through private placements to Chinese investors (Regulation S) in cash. As of June 30, 2019, and June 30, 2018, the total issued and outstanding capital stocks was 139,314,416 and 79,925,00 common shares, respectively, with a par value of $0.001 per common share.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes For the years ended June 30, 2019 and 2018, the Company recorded zero income tax provision due to the Company’s loss position. United States Tax HQDA is a Nevada corporation that is subject to U.S. corporate income tax on its taxable income at a rate of up to 21% for taxable years beginning after December 31, 2017. No provision for income taxes in the United States has been made as HQDA had no taxable income for the years ended June 30, 2019 and 2018. PRC Tax The tax law in PRC applies an income tax rate of 25% to all enterprises. The Company’s subsidiary does not receive any preferential tax treatment from local government. A reconciliation of the provision for income taxes determined at the statutory income tax rate to the Company’s income taxes is as follows: For the years ended June 30, 2019 2018 Loss before income taxes $ (1,823,334 ) $ (467,482 ) United States federal corporate income tax rate 21 % 21 % Income tax credit comouted at united states statutory (382,900 ) (98,171 ) Rate differential in PRC and other items 22,486 66,975 (360,414 ) (31,196 ) Less: Change in valuation allowance 360,414 31,196 Income tax provision (benefit) $ — $ — The tax effect of temporary differences that give arise to significant portion of the deferred tax assets are presented below: June 30, 2019 June 30, 2018 Net income tax operating loss carry forward $ 597,011 $ 176,134 Less: Valuation allowance (597,011 ) (176,134 ) Net deferred tax assets $ — $ — As of June 30, 2019, the Company had an unused net operating loss carry-forward balance of approximately $2,170,950 that is available to offset future taxable income. This unused net operating loss carry-forward balance expires in various years between 2023 and 2039. Management believes it is more likely than not that the Company will not realize those potential tax benefits as the operations will not generate any operating profits in the foreseeable future. As a result, a valuation allowance was provided against the full amount of the potential tax benefits.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Jun. 30, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	9. Supplemental Cash Flow Information For the year ended June 30, 2019 2018 Cash paid for interest $ — $ — Cash paid for income taxes $ — $ 828 Transfer of deposits to properties $ 5,738,210 $ —

Segment Information

Segment Information	12 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Information	10. Segment Information The Company operates in one industry segment, being the senior housing and retirement services through its wholly owned subsidiary in China. As of June 30, 2019, the subsidiary had an amount of $24,453,749 in total assets, excluding inter-company balances, and it generated $477,958 in revenue. There was no revenue generated from inter-company transactions.

Commitments

Commitments	12 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments	11. Commitments The Company entered into the APA to acquire two properties in Shanghai totaling RMB 233,000,000. Payments of $23,741,552 (RMB 163,000,000) have been made through June 30, 2019 and subsequently made another $1,165,230 (RMB 8,000,000). The remaining of $9,030,529(RMB 62,000,000) is due on or before December 31, 2019. Due to the seller of the asset is involved in several lawsuits that have resulted in a decision to restrict transfer of certain assets under this purchase agreement by Shanghai local district courts, the Company has decided not to make any further payments until the asset is free of the restrictions. The Company has no knowledge of when the restrictions will be lifted by the courts.

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent events None.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The Company’s consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Shanghai Hongfu Health Management Ltd., an entity in the People’s Republic of China (the “PRC”) acquired on November 9, 2017. All inter-company balances have been eliminated upon consolidation. The Company’s fiscal year end is June 30.
Foreign Currency Translation	Foreign currency translation The United States dollar (“USD”) is the Company’s reporting currency. The Company’s wholly owned subsidiary, Shanghai Hongfu Health Management Ltd. is located in China. The net sales generated and the related expenses directly incurred from the operations are denominated in local currency, Renminbi (“RMB”). The functional currency of the subsidiary is generally the same as the local currency. 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. The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. Stated on July 1, 2019, the subsidiary has changed its functional currency to RMB. Prior to the change, the functional currency for the Company’s subsidiary in Shanghai was U.S. dollars. Monetary assets and liabilities denominated in local currency, RMB were translated using the exchange rate prevailing at the balance sheet date. Gains and losses arising from the settlement of RMB denominated transactions or balances are included in current earnings. As a result, for the year ended June 30, 2019 and 2018, the Company recorded $460,133 and $199,135 of foreign exchange loss in the consolidated statement of operations, respectively. The Company did not record a cumulative effect adjustment to its beginning retained earnings for this accounting change.
Cash and Cash Equivalents	Cash and cash equivalents Cash and cash equivalents include bank deposits and liquid investments with original maturities of three months or less.
Concentration Risk	Concentration risk The Company maintains cash with banks in the USA and PRC. Should any bank holding cash become insolvent, or if the Company is otherwise unable to withdraw funds, the Company would lose the cash with that bank; however, the Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts. In China, a depositor has up to RMB500,000 insured by the People’s Bank of China Financial Stability Bureau (“FSD”). In the United States, the standard insurance amount is $250,000 per depositor in a bank insured by the Federal Deposit Insurance Corporation (“FDIC”). Financial instruments that potentially subject the Company to significant concentrations of credit risk are cash and cash equivalents and accounts receivable. As of June 30, 2019, $109,850 of the Company’s cash and cash equivalents held by financial institutions was uninsured. With respect to accounts receivable, the Company generally does not require collateral and does not have an allowance for doubtful accounts.
Revenue Recognition	Revenue recognition On July 1, 2018 the Company adopted Accounting Standards Update (“ASU”) 2014-09, Accounting Standards Codification Topic 606, Revenue from Contracts with Customers
Unearned Revenue	Unearned revenue Unearned revenue is recorded when payments are received in advance of performing our services obligations and is recognized over the service period. Unearned revenue is primarily related to prepayments of monthly facility and service fees.
Property and Equipment	Property and equipment Property and equipment are initially recorded at their historical cost. Repairs and maintenance are expensed as incurred. Depreciation is computed using the straight-line method over the following estimated useful lives of the depreciable assets: ● Building: 40 years ● Building improvements: 8 years ● Land use rights: 40 years ● Office equipment and Furniture: 2-5 years All land in the PRC is owned by the PRC government and cannot be sold to any individual or company. The Company has recorded the amounts paid to the PRC government to acquire long-term interests to utilize land use rights. This type of arrangement is common for the use of land in the PRC. The Company amortizes land use rights based on the term of the respective land use rights or expected useful lives, which generally ranges from 15 to 50 years. The land use rights of Collective Lands has unlimited useful life time. The Company reviews the carrying value of long-lived assets that are held and used in the Company’s operating subsidiary for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.
Income Taxes	Income taxes Deferred income taxes and tax benefits are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, and for tax losses and credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company provides for deferred taxes for the estimated future tax effects attributable to temporary differences and carry-forwards when realization is more likely than not. The Tax cut and Jobs Act (the Tax Act), which was enacted in December 2017, decreased the corporate income tax rate from 35.0% to 21.0% beginning on January 1, 2018. The impact of the Tax Act was minimal to the Company’s consolidated financial statements.
Use of Estimates and Assumptions	Use of estimates and assumptions The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from these estimates.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments consist principally of cash, accounts receivable, prepaid expense, accounts payable and other payable. The Company believes all of the financial instruments’ recorded values approximate fair values because of their nature or respective short durations. Certain prior year figures have been adjusted to conform to the current year’s presentation.
Recently Issued Accounting Pronouncements	Recently issued accounting pronouncements 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 will adopt the new standard effective July 1, 2019. As part of the adoption of ASU 2016-02, the Company will make accounting policy election that will not recognizing leases with an initial term of 12 months or less on the consolidated balance sheet. As of June 30, 2019, the Company only has one month-to-month office lease with monthly rent of $1,020. The adoption of this new accounting standard will not have an effect on the Company’s consolidated 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.

Restatements (Tables)

Restatements (Tables)	12 Months Ended
	Jun. 30, 2019
Restatements
Schedule of Restated Consolidated Balance Sheet	Restated Consolidated Balance Sheet (Adjusted Line Items) June 30, 2018 As previously reported As restated Change ASSETS Current assets: Prepaid expense (1) 6,567 816,194 $ (809,627 ) Loan receivable 52,877 46,834 6,043 Other receivable (1) — 52,877 (52,877 ) 59,444 915,905 (856,461 ) Deposits 18,233,403 13,898,300 4,335,103 Properties and equipment, net 1,912 3,876 (1,964 ) Total assets $ 18,294,759 $ 14,818,081 $ 3,476,678 LIABILITIES AND STOCKHOLDERS’EQUITY Share subscription fund to be returned 1,982,911 - 1,982,911 Payable to related party — 1,774,808 (1,774,808 ) Share subscriptions received in advance 18,189,623 14,921,048 3,268,575 Total liabilities and stockholders’ equity $ 20,172,534 $ 16,695,856 $ 3,476,678 (1): Combined in one financial statement line to Other receivable

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
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 improvements and land use rights (Asset A) Shanghai Pudong New Area Zhangjiang Ziwei Rd No. 372 and No. 376. 30,778,879 193,870,000 Land use rights (Asset B) 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)	12 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Schedule of Properties and Equipment Net	June 30, 2019 June 30, 2018 Land use rights and land use rights improvements $ 5,699,429 $ — Furniture and office equipment 10,039 5,121 Accumulated depreciation (117,629 ) (1,245 ) $ 5,591,839 $ 3,876 Capitalized software $ 146,710 $ —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of Income Tax Provision	A reconciliation of the provision for income taxes determined at the statutory income tax rate to the Company’s income taxes is as follows: For the years ended June 30, 2019 2018 Loss before income taxes $ (1,823,334 ) $ (467,482 ) United States federal corporate income tax rate 21 % 21 % Income tax credit comouted at united states statutory (382,900 ) (98,171 ) Rate differential in PRC and other items 22,486 66,975 (360,414 ) (31,196 ) Less: Change in valuation allowance 360,414 31,196 Income tax provision (benefit) $ — $ —
Schedule of Deferred Tax Assets	The tax effect of temporary differences that give arise to significant portion of the deferred tax assets are presented below: June 30, 2019 June 30, 2018 Net income tax operating loss carry forward $ 597,011 $ 176,134 Less: Valuation allowance (597,011 ) (176,134 ) Net deferred tax assets $ — $ —

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Jun. 30, 2019
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flow Information	For the year ended June 30, 2019 2018 Cash paid for interest $ — $ — Cash paid for income taxes $ — $ 828 Transfer of deposits to properties $ 5,738,210 $ —

Nature and Continuance of Ope_2

Nature and Continuance of Operations (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 1,823,334	$ 467,482
Working capital	$ (1,412,674)	$ 8,833,712

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019CNY (¥)
Foreign exchange loss	$ 460,133	$ 199,135
FDIC cash insured amount	250,000
Cash uninsured amount	$ 109,850
Corporate income tax rate	21.00%
Tax cuts and jobs act, description	The Tax cut and Jobs Act (the Tax Act), which was enacted in December 2017, decreased the corporate income tax rate from 35.0% to 21.0% beginning on January 1, 2018.
Payments for rent	$ 1,020
Building [Member]
Estimated useful lives	40 years
Building Improvements [Member]
Estimated useful lives	8 years
Land Use Rights [Member]
Estimated useful lives	40 years
Maximum [Member] | Land Use Rights [Member]
Estimated useful lives	50 years
Maximum [Member] | Office Equipment and Furniture [Member]
Estimated useful lives	5 years
Minimum [Member] | Land Use Rights [Member]
Estimated useful lives	15 years
Minimum [Member] | Office Equipment and Furniture [Member]
Estimated useful lives	2 years
People's Bank of China Financial Stability Bureau [Member] | Maximum [Member] | RMB Currency [Member]
Cash insured amount | ¥			¥ 500,000

Restatements (Details Narrative

Restatements (Details Narrative) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Deposits	$ 21,042,068	$ 13,898,300	[1]
Share subscriptions received in advance		14,921,048	[1]
Shanghai Qiao Garden [Member]
Deposits		13,898,300
Share subscriptions received in advance		14,921,048
Change [Member] | Shanghai Qiao Garden [Member]
Deposits		4,335,103
Other current assets		856,461
Share subscriptions received in advance		$ 3,268,575
[1]	For discussion on the restatements, see notes to consolidated financial statements 2.

Restatements - Schedule of Rest

Restatements - Schedule of Restated Consolidated Balance Sheet (Details) - USD ($)		Jun. 30, 2019	Jun. 30, 2018
Other receivable		$ 404,981	$ 869,071	[1],[2]
Total current assets		926,231	10,616,980	[2]
Deposits		21,042,068	13,898,300	[2]
Properties and equipment, net		5,591,839	3,876	[2]
Total assets		27,706,848	24,519,156	[2]
Payable to related party		2,207,742	1,774,808
Share subscriptions received in advance			14,921,048	[2]
Total liabilities and stockholder's equity		$ 27,706,848	24,519,156	[2]
Shanghai Qiao Garden [Member]
Prepaid expense	[1]		816,194
Loan receivable			46,834
Other receivable	[1]		52,877
Total current assets			915,905
Deposits			13,898,300
Properties and equipment, net			3,876
Total assets			14,818,081
Share subscription fund to be returned
Payable to related party			1,774,808
Share subscriptions received in advance			14,921,048
Total liabilities and stockholder's equity			16,695,856
Previously Reported [Member] | Shanghai Qiao Garden [Member]
Prepaid expense	[1]		6,567
Loan receivable			52,877
Other receivable	[1]
Total current assets			59,444
Deposits			18,233,403
Properties and equipment, net			1,912
Total assets			18,294,759
Share subscription fund to be returned			1,982,911
Payable to related party
Share subscriptions received in advance			18,189,623
Total liabilities and stockholder's equity			20,172,534
Change [Member] | Shanghai Qiao Garden [Member]
Prepaid expense	[1]		(809,627)
Loan receivable			6,043
Other receivable	[1]		(52,877)
Total current assets			(856,461)
Deposits			4,335,103
Properties and equipment, net			(1,964)
Total assets			3,476,678
Share subscription fund to be returned			1,982,911
Payable to related party			(1,774,808)
Share subscriptions received in advance			3,268,575
Total liabilities and stockholder's equity			$ 3,476,678
[1]	Combined in one financial statement line to Other receivable on consolidated balance sheet
[2]	For discussion on the restatements, see notes to consolidated financial statements 2.

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jul. 31, 2018USD ($)	Jul. 31, 2018CNY (¥)
Related Party Transaction [Line Items]
Receivable from related parties	$ 168,958	$ 46,834
Payable to related parties	2,207,742	1,774,808
Capitalized Website and app development cost	146,710
Due to officers	11,958	3,160
Chief Financial Officer [Member]
Related Party Transaction [Line Items]
Payment for management fee	$ 126,000	$ 91,000
Service Agreement [Member] | One Party [Member]
Related Party Transaction [Line Items]
Due to related party			$ 172,600
Service Agreement [Member] | One Party [Member] | RMB Currency [Member]
Related Party Transaction [Line Items]
Due to related party | ¥				¥ 1,185,000

Acquisitions (Details Narrative

Acquisitions (Details Narrative)

Sep. 30, 2019USD ($)

Apr. 27, 2019USD ($)

Apr. 16, 2019USD ($)

Apr. 02, 2018USD ($)

Apr. 02, 2018CNY (¥)

Sep. 30, 2017USD ($)

Sep. 30, 2017CNY (¥)

Oct. 25, 2019USD ($)

Oct. 25, 2019CNY (¥)

Jun. 30, 2019USD ($)

Jun. 30, 2019CNY (¥)

Jun. 30, 2018USD ($)

Business Acquisition [Line Items]

Payment for assets acquired

$ 4,514

$ 5,121

Shanghai Hongfu Health Management Ltd [Member]

Business Acquisition [Line Items]

Purchase price

$ 53,790

Fair value of net asset

59,812

Cash

$ 1,820

Asset A [Member]

Business Acquisition [Line Items]

Payment for assets acquired

18,042,123

RMB Currency [Member] | Shanghai Hongfu Health Management Ltd [Member]

Business Acquisition [Line Items]

Purchase price | ¥

¥ 350,000

Asset Purchase Agreement [Member]

Business Acquisition [Line Items]

Payment for assets acquired

[1]

$ 36,991,173

23,741,552

Exchange rate

0.1587

0.1587

Asset Purchase Agreement [Member] | Subsequent Event [Member]

Business Acquisition [Line Items]

Payment for assets acquired

$ 1,165,230

Asset Purchase Agreement [Member] | RMB Currency [Member]

Business Acquisition [Line Items]

Payment for assets acquired | ¥

¥ 233,000,000

¥ 163,000,000

Asset Purchase Agreement [Member] | RMB Currency [Member] | Subsequent Event [Member]

Business Acquisition [Line Items]

Payment for assets acquired | ¥

¥ 8,000,000

Acquisition Agreement [Member] | Project Company [Member]

Business Acquisition [Line Items]

Business acquisition, description

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.

Business acquisition, percentage of voting interests acquired

51.00%

Business acquisition, equity interest issued or issuable value assigned

$ 8,000,000

Business acquisition, payment for interest acquired

$ 3,000,000

$ 2,000,000

Acquisition Agreement [Member] | Subsequent Event [Member] | Project Company [Member]

Business Acquisition [Line Items]

Business acquisition, payment for interest acquired

$ 3,000,000

[1]

The exchange rate of 0.1587 was used to translate the RMB amounts at purchase date.

Acquisitions - Summary of Fair

Acquisitions - Summary of Fair Value of Asset (Details)		Apr. 02, 2018USD ($)	Apr. 02, 2018CNY (¥)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018USD ($)
Business Acquisition [Line Items]
Payments for purchase of assets				$ 4,514		$ 5,121
Asset Purchase Agreement [Member]
Business Acquisition [Line Items]
Payments for purchase of assets	[1]	$ 36,991,173		$ 23,741,552
Asset Purchase Agreement [Member] | RMB Currency [Member]
Business Acquisition [Line Items]
Payments for purchase of assets | ¥			¥ 233,000,000		¥ 163,000,000
Asset Purchase Agreement [Member] | Building and Building Improvements and Land Use Rights [Member]
Business Acquisition [Line Items]
Asset acquisition, description		Building and building improvements and land use rights	Building and building improvements 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]
Business Acquisition [Line Items]
Payments for purchase of assets | ¥			¥ 193,870,000
Asset Purchase Agreement [Member] | Land Use Rights [Member]
Business Acquisition [Line Items]
Asset acquisition, description		Land use rights	Land use rights
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]
Business Acquisition [Line Items]
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_2

Properties and Equipment, Net (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 115,980	$ 1,245

Properties and Equipment, Net -

Properties and Equipment, Net - Schedule of Properties and Equipment Net (Details) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Property, Plant and Equipment [Line Items]
Accumulated depreciation	$ (117,629)	$ (1,245)
Properties and equipment, net	5,591,839	3,876	[1]
Capitalized software	146,710
Land Use Rights and Land Use Rights Improvements [Member]
Property, Plant and Equipment [Line Items]
Properties and equipment	5,699,429
Furniture and Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Properties and equipment	$ 10,039	$ 5,121
[1]	For discussion on the restatements, see notes to consolidated financial statements 2.

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - $ / shares	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Class of Stock [Line Items]
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
Private Placement [Member] | Chinese investors (Regulation S) [Member]
Class of Stock [Line Items]
Number of issued shares of cancellations through private placements	59,389,416

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income tax provision
Income tax rate	21.00%
Taxable income
Net operating loss carry-forward	$ 2,816,453
Net operating loss carry-forward expires	expires in various years between 2023 and 2039
People's Republic of China [Member]
Income tax rate	25.00%

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Provision (Details) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Loss before income taxes	$ (1,823,334)	$ (467,482)
United States federal corporate income tax rate	21.00%	21.00%
Income tax credit computed at united states statutory	$ (382,900)	$ (98,171)
Rate differential in PRC and other items	22,486	66,975
Current operations	(360,414)	(31,196)
Less: Change in valuation allowance	360,414	31,196
Income tax provision (benefit)

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Net income tax operating loss carry forward	$ 597,011	$ 176,134
Less: Valuation allowance	(597,011)	(176,134)
Net deferred tax assets

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - Schedule of Supplemental Cash Flow Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Cash paid for interest
Cash paid for income taxes		828
Transfer of deposits to properties	$ 5,738,210

Segment Information (Details Na

Segment Information (Details Narrative)	12 Months Ended
	Jun. 30, 2019USD ($)Segment	Jun. 30, 2018USD ($)
Segment Reporting Information [Line Items]
Operating segments | Segment	1
Total assets	$ 27,706,848	$ 24,519,156	[1]
Revenue	477,958
Inter-company Transactions [Member]
Segment Reporting Information [Line Items]
Revenue
Subsidiary [Member]
Segment Reporting Information [Line Items]
Total assets	$ 24,453,749
[1]	For discussion on the restatements, see notes to consolidated financial statements 2.

Commitments (Details Narrative)

Commitments (Details Narrative)		Apr. 02, 2018USD ($)	Apr. 02, 2018CNY (¥)	Oct. 25, 2019USD ($)	Oct. 25, 2019CNY (¥)	Jun. 30, 2019USD ($)	Jun. 30, 2019CNY (¥)	Jun. 30, 2018USD ($)	Jun. 30, 2019CNY (¥)
Payments to acquire properties purchased						$ 4,514		$ 5,121
Asset Purchase Agreement [Member]
Payments to acquire properties purchased	[1]	$ 36,991,173				23,741,552
Remaining balance payable						$ 9,030,529
Asset Purchase Agreement [Member] | Subsequent Event [Member]
Payments to acquire properties purchased				$ 1,165,230
Asset Purchase Agreement [Member] | RMB Currency [Member]
Payments to acquire properties purchased | ¥			¥ 233,000,000				¥ 163,000,000
Remaining balance payable | ¥									¥ 62,000,000
Asset Purchase Agreement [Member] | RMB Currency [Member] | Subsequent Event [Member]
Payments to acquire properties purchased | ¥					¥ 8,000,000
[1]	The exchange rate of 0.1587 was used to translate the RMB amounts at purchase date.