HQDA Elderly Life Network (HQDA) 10-Q 16 Nov 20 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2020	Nov. 13, 2020
Cover [Abstract]
Entity Registrant Name	HQDA ELDERLY LIFE NETWORK CORP.
Entity Central Index Key	0001304730
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		139,314,416
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2020	Jun. 30, 2020
Current assets:
Cash	$ 52,145	$ 119,955
Accounts and other receivables	68,264	52,531
Receivable - related parties	127,405	194,812
Total current assets	247,814	367,298
Deposits	20,010,470	19,662,519
Properties and equipment, net	5,434,044	5,277,036
Capitalized software, net	45,774	46,947
Total assets	25,738,102	25,353,800
Current liabilities:
Accounts payable and accrued liabilities	146,104	91,751
Litigation reserve	1,435,542	1,209,892
Payable to related parties	3,845,012	3,537,325
Total liabilities	5,426,658	4,838,968
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; 139,314,416 shares issued and outstanding,	139,314	139,314
Additional paid-in capital	29,719,865	29,719,865
Accumulated other comprehensive loss	(1,094,553)	(1,234,719)
Accumulated deficit	(8,453,182)	(8,109,628)
Total stockholders' equity	20,311,444	20,514,832
Total liabilities and stockholders' equity	$ 25,738,102	$ 25,353,800

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2020	Jun. 30, 2020
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	139,314,416
Common stock, shares outstanding	139,314,416	139,314,416

Consolidated Statements of Oper

Consolidated Statements of Operation and Other Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Revenue	$ 155,440	$ 172,176
Operating costs:
Cost of food and beverages	46,855	64,586
Selling, general and administrative expenses	228,966	213,775
Depreciation and amortization	47,949	37,594
Litigation expenses	176,050
Other operating expenses	301	5,981
Total operation expenses	500,121	321,936
Operating loss	(344,681)	(149,760)
Other income (expense):
Interest Income	11
Other	1,116	(342)
Net loss	(343,554)	(150,102)
Foreign currency translation, net tax	140,166	(771,154)
Comprehensive loss	$ (203,388)	$ (921,256)
Earnings per share
Basic and diluted loss per share	$ (0.002)	$ (0.001)
Weighted average common shares outstanding	139,314,416	139,314,416

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flow from operating activities
Net loss	$ (343,554)	$ (150,102)
Adjustments to reconcile loss to net cash used in operating activities:
Depreciation and amortization	47,949	37,594
Legal reserve	176,050
Changes in operating assets and liabilities:
(Decrease) Increase in receivables	(13,564)	100,831
Increase in related party receivable	71,728	93,092
Increase (Decrease) in accounts payable and accrued liabilities	51,665	(22,682)
(Decrease) Increase in related party payable	(50,589)	732,739
Net cash (used in) provided by operating activities	(60,315)	791,472
Cash flow from investing activities
Deposits paid for assets purchase		(1,141,878)
Purchase of equipment	(352)
Net cash used in investing activities	(352)	(1,141,878)
Cash flow from financing activities
Issuance of common shares, net
Net cash provided by financing activities
Effect of exchange rate changes	(7,143)	102,608
Decrease in cash	(67,810)	(247,798)
Cash, beginning	119,955	350,734
Cash, ending	$ 52,145	$ 102,936

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Capital Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Total
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
Net loss			(150,102)		(150,102)
Common shares issued
Common shares issued, shares
Subscriptions received
Foreign currency translation, net tax				(771,154)	(771,154)
Balance at Sep. 30, 2019	$ 139,314	29,719,865	(3,502,905)	(1,909,587)	24,446,687
Balance, shares at Sep. 30, 2019	139,314,416
Balance at Jun. 30, 2020	$ 139,314	29,719,865	(8,109,628)	(1,234,719)	20,514,832
Balance, shares at Jun. 30, 2020	139,314,416
Net loss			(343,554)		(343,554)
Foreign currency translation, net tax				140,166	140,166
Balance at Sep. 30, 2020	$ 139,314	$ 29,719,865	$ (8,453,182)	$ (1,094,553)	$ 20,311,444
Balance, shares at Sep. 30, 2020	139,314,416

Nature and Continuance of Opera

Nature and Continuance of Operations	3 Months Ended
	Sep. 30, 2020
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 November 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 September 30, 2020 and for three months 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 $343,554 and $150,012 for the three months ended September 30,2020 and 2019, respectively. As of September 30, 2020, it had a negative working capital deficiency of $5,178,844 while it had a negative working capital deficiency of $4,471,670 at June 30, 2020. There is limited historical financial information about the Company upon which to base of an evaluation of our performance. We shifted its focus to senior housing and retirement services and products. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new resource exploration company, including limited capital resources, unanticipated problems relating to exploration and additional costs and expenses that may exceed current estimates. To become profitable, we will attempt to implement a plan of operation as detailed above. Our cash reserves are not sufficient to meet our obligations for the next twelve-month period. As a result, we will need to seek additional capital in the near future. We anticipate that additional capital will be raised in the form of equity financing from the sale of our common stock. As well, our management is prepared to provide us with short-term loans. We cannot provide investors with any assurance that we will be able to raise sufficient capital from the sale of our common stock or through a loan from our directors to meet our obligations over the next twelve months. We do not have any arrangements in place for any future equity financing. If we are unable to arrange additional financing, our business plan will fail and operations will cease.

Basis of Significant Accounting

Basis of Significant Accounting policies	3 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Basis of Significant Accounting policies	2. Basis of Significant Accounting policies Principles of Consolidation 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. 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. Certain amounts in prior periods have been reclassified to conform with current period presentation. 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 Recently issued accounting pronouncements adopted 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 adopted the new standard July 1, 2019. As part of the adoption of ASU 2016-02, the Company made an accounting policy election that will not recognizing leases with an initial term of 12 months or less on the consolidated balance sheet. As of September 30, 2020, the Company only has one month-to-month office lease with monthly rent of $1,020. The adoption of this new accounting standard did not have an effect on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles and Other (Topic 350): Simplifying the Test for Goodwill Impairment”, which eliminates the requirement to calculate the implied fair value of goodwill, but rather requires an entity to record an impairment charge based on the excess of a reporting unit’s carrying value over its fair value. This amendment is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company adopted ASU No. 2017-04 on July 1, 2020 and the adoption did not have an impact on the Company’s interim financial position and results of operations. Recently Issued Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, “Financial Instruments—Credit Losses”. The standard, including subsequently issued amendments (ASU 2018-19, ASU 2019-04, ASU 2019-05, ASU 2019-10 and ASU 2019-11), requires a financial asset measured at amortized cost basis, such as accounts receivable and certain other financial assets, to be presented at the net amount expected to be collected based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. In November 2019, the FASB issued ASU No. 2019-10 to postpone the effective date of ASU No. 2016-13 for public business entities eligible to be smaller reporting companies defined by the SEC to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is evaluating the impact of this guidance on its consolidated financial statements.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	3. Related party Transactions Receivable and Payable Receivable from related parties amounted $127,405 and $194,812 at September 30, 2020 and June 30, 2020, respectively. Payable to related parties amounted to $3,845,012 and $3,537325 at September 30, 2020 and June 30, 2020, respectively. The related party amounts are mainly are results of operation advances and funding to support the Company’s daily operations. The payable balances bear no interest and due on demand. Related party transactions On July 2018, the Company entered a $172,600 (RMB1,185,000) service agreement with one entity that is under the common control of the Company’s CEO to develop the Company’s website and a BBC shopping APP. The Company capitalized the development cost of the website and APP in the amount of $146,710 based on the completion percentage method. During the year ended June 30, 2020, the APP development was halt and no further progress was made while the website was completed. The Company decided and mutually agreed to terminate the remaining APP development effective on June 30, 2020 due to the strategic direction and macro-economic condition. The unperformed obligation under the service agreement for both parties were cancelled semiseriously pursuant to the termination agreement. $43,150 payable to the related party was waived and recognized accordingly as of September 30, 2020. On September 1, 2019, the Company entered a three-year cooperation agreement with Zhonghuiai Wufu (Shanghai) Hotel Management Co., Ltd., (“ZHAWF Shanghai”), a related party, with respect to the daily operation and management of the senior hotel purchased on April 2018. According to the agreement, the Company shall pay RMB 1million per year to ZHAWF Shanghai for the service provided. The Company amended the execution date of the cooperation agreement from September 1, 2018 to January 1, 2019 with three-year term. For the three months ended September 30, 2020, the Company recorded hotel management fee of $36,135 (RMB 0.25 million). Payable due to ZHAWF Shanghai as of September 30, 2020 and June 30, 2020 was $258,928 and $102,268 respectively. Other During the three months ended September 30 2020 and 2019, the Company paid management fees of $24,920 and $31,440 respectively, to the Company’s Chief Financial Officer. As of September 30, 2020, the Company owed to its Chief Financial Officer the amounts of $20,000 included in accrued liabilities. The amounts represent expenses paid by the Company’s CFO on behalf of the Company.

Asset Acquisitions

Asset Acquisitions	3 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Asset Acquisitions	4. Asset 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 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 September 30, 2020, the Company has paid a total of $25,842,070 (RMB 176 million). 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 restrictions on assets transferring sentenced Shanghai local district courts. The Company has decided not to make any further payments until the asset is legally free of the restrictions. The Seller filed a lawsuit against Shanghai Hongfu for the contract default and no-payment on installments pursuant to the APA on May 1, 2020. See Note 8 for more details about the lawsuit. 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 during the year ended June 30, 2019. The two acquisitions were accounted for assets acquisitions. 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 (“Palau Asia-Pacific”) 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 .The Company paid $3,000,000 deposit on April 2019 toward the Acquisition Agreement entered and decided to rescind the investment given the ongoing COVID-19 pandemic. The Company entered a rescission agreement (the “Rescission Agreement”) with Palau Asia-Pacific on September 8, 2020. According to the Rescission Agreement, the Company shall return the 51% stock ownership back to Palau Asia-Pacific, who shall deliver to us $285,514 and $733,200 Hong Kong Dollar back, totaling $94,605 cash, thus both parties shall release each other from further liabilities under the Acquisition Agreement. As of June 30, 2020, the Company recorded $2,619,881 impairment loss out of $3,000,000 deposit paid pursuant to the Rescission Agreement. $380,119 total residual amount was received by the end of June 30, 2020. The Rescission Agreement was fully consummated as of June 30, 2020.

Properties and Equipment, Net

Properties and Equipment, Net	3 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Properties and Equipment, Net	5. Properties and Equipment, net September 30, June 30, 2020 2020 Land use rights and land use rights improvements $ 5,745,456 $ 5,531,446 Furniture and office equipment 6,724 6,130 Capitalized software 45,774 46,947 Accumulated depreciation (318,136 ) (260,540 ) $ 5,479,818 $ 5,323,983

Capital Stock

Capital Stock	3 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Capital Stock	6. Capital Stock As of September 30, and June 30, 2020, the total issued, and outstanding capital stocks was 139,314,416 common shares with a par value of $0.001 per common share. No additional stock issued for three months ended September 30, 2020.

Segment Information

Segment Information	3 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Segment Information	7. 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 September 30, 2020, and June 30, 2020, the subsidiary had an amount of $14,979,171 and$14,461,546 respectively in total assets, excluding inter-company balances, and it generated $155,440 and $172,176 for the three months ended September 30, 2020 and 2019, respectively, in revenue. There was no revenue generated from inter-company transactions.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and contingencies The Company entered into the APA to acquire two properties in Shanghai totaling RMB 233,000,000. Payments of $25,842,070 (RMB 176,000,000) have been made through September 30, 2020. Due to the Seller of the assets is involved in several lawsuits that have restrictions of assets transferring assets under this purchase agreement sentenced by Shanghai local district courts, the Company has decided not to make remaining payments until the asset is free of the restrictions on September 30,2020. On May 1, 2020, a lawsuit was filed against the Company and Shanghai Hongfu, by Shanghai Qiao Hong Real Estate, Ltd (i.e. the Seller) and its subsidiaries (the “Plaintiff”) for breach of contract and non-payment of installments pursuant to the APA entered into between the Company and the Plaintiff on April 2, 2018. The Plaintiff is alleging damages of RMB 76,654,000 (approximately $11,255,101), including remaining RMB58 million installments, interest for delayed payment, default penalty, and etc. The lawsuit was filed in a District Court in Shanghai, China. The Company intends to vigorously defend this action. The court had initial opening for the lawsuit on August 8, 2020, the Company questioned whether the Plaintiff could continue to perform its asset delivery obligations under the APA since the Plaintiff is under the criminal investigation by a district police department of Shanghai city and requested the Plaintiff to cooperate with government agencies and courts. As of September 30, 2020, the remaining installments under APA was RMB57,000,000. And for the three months ended September 30, 2020, the Company reserved $1,435,542 (approximate RMB9.78 million) amount in connection to the future expenditures of the lawsuit based on the management’s best knowledge.

Subsequent Event

Subsequent Event	3 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Event	9. Subsequent Event On October 26, 2020, the Company acquired 10% of the issued and outstanding shares (the “Shares”) of Lianyungang Yiheyuan Elderly Services Co., Ltd., a corporation registered in Jiangsu Province, P.R. China (“LYES”) pursuant to a Securities Purchase Agreement (the “Agreement”). In accordance with the Agreement, HQDA is purchasing the Shares in exchange for 234,845 shares of HQDA’s common stock valued at $1.00 per share, which the total value is equivalent to 10% of the originally invested cash value RMB16, 000,000 (about USD$2,348,450) by the LYES shareholders. LYES operates a profitable elderly services business in its local hot spring resort. Both parties are looking forward to expansion of the local elderly services especially for establishing the International Wellness Town in Linayungang City, Jiangsu province, China.

Basis of Significant Accounti_2

Basis of Significant Accounting policies (Policies)	3 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation 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. 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. Certain amounts in prior periods have been reclassified to conform with current period presentation.
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
Recently Issued Accounting Pronouncements Adopted	Recently issued accounting pronouncements adopted 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 adopted the new standard July 1, 2019. As part of the adoption of ASU 2016-02, the Company made an accounting policy election that will not recognizing leases with an initial term of 12 months or less on the consolidated balance sheet. As of September 30, 2020, the Company only has one month-to-month office lease with monthly rent of $1,020. The adoption of this new accounting standard did not have an effect on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles and Other (Topic 350): Simplifying the Test for Goodwill Impairment”, which eliminates the requirement to calculate the implied fair value of goodwill, but rather requires an entity to record an impairment charge based on the excess of a reporting unit’s carrying value over its fair value. This amendment is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company adopted ASU No. 2017-04 on July 1, 2020 and the adoption did not have an impact on the Company’s interim financial position and results of operations.
Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Issued Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, “Financial Instruments—Credit Losses”. The standard, including subsequently issued amendments (ASU 2018-19, ASU 2019-04, ASU 2019-05, ASU 2019-10 and ASU 2019-11), requires a financial asset measured at amortized cost basis, such as accounts receivable and certain other financial assets, to be presented at the net amount expected to be collected based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. In November 2019, the FASB issued ASU No. 2019-10 to postpone the effective date of ASU No. 2016-13 for public business entities eligible to be smaller reporting companies defined by the SEC to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is evaluating the impact of this guidance on its consolidated financial statements.

Asset Acquisition (Tables)

Asset Acquisition (Tables)	3 Months Ended
	Sep. 30, 2020
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 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)	3 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of Properties and Equipment, Net	September 30, June 30, 2020 2020 Land use rights and land use rights improvements $ 5,745,456 $ 5,531,446 Furniture and office equipment 6,724 6,130 Capitalized software 45,774 46,947 Accumulated depreciation (318,136 ) (260,540 ) $ 5,479,818 $ 5,323,983

Nature and Continuance of Ope_2

Nature and Continuance of Operations (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ (343,554)	$ (150,102)
Working capital deficiency	$ (5,178,844)		$ (4,471,670)

Basis of Significant Accounti_3

Basis of Significant Accounting policies (Details Narrative)	3 Months Ended
	Sep. 30, 2020USD ($)
Accounting Policies [Abstract]
Payments for rent	$ 1,020

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	Sep. 01, 2019CNY (¥)	Jul. 31, 2018USD ($)	Jul. 31, 2018CNY (¥)	Sep. 30, 2020USD ($)	Sep. 30, 2020CNY (¥)	Sep. 30, 2019USD ($)	Jun. 30, 2020USD ($)
Related Party Transaction [Line Items]
Receivable from related parties				$ 127,405			$ 194,812
Payable to related parties				3,845,012			3,537,325
Capitalized development cost				146,710
Due to related party				43,150
Hotel [Member]
Related Party Transaction [Line Items]
Payment for management fee				36,135
ZHAWF Shanghai [Member]
Related Party Transaction [Line Items]
Payment for management fee				258,928			$ 102,268
RMB [Member] | Hotel [Member]
Related Party Transaction [Line Items]
Payment for management fee | ¥					¥ 250,000
RMB [Member] | ZHAWF Shanghai [Member]
Related Party Transaction [Line Items]
Service provided | ¥	¥ 1,000,000
Chief Financial Officer [Member]
Related Party Transaction [Line Items]
Payment for management fee				24,920		$ 31,440
Accrued liabilities				$ 20,000
Service Agreement [Member] | CEO [Member]
Related Party Transaction [Line Items]
Related party, transaction amount		$ 172,600
Service Agreement [Member] | CEO [Member] | RMB [Member]
Related Party Transaction [Line Items]
Related party, transaction amount | ¥			¥ 1,185,000

Asset Acquisitions (Details Nar

Asset Acquisitions (Details Narrative)	Apr. 16, 2019USD ($)	Apr. 02, 2018USD ($)	Apr. 02, 2018CNY (¥)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Sep. 30, 2020CNY (¥)	Apr. 30, 2019USD ($)
Asset Purchase Agreement [Member]
Business Acquisition [Line Items]
Payment for assets acquired				$ 25,842,070
Asset Purchase Agreement [Member] | RMB [Member]
Business Acquisition [Line Items]
Exchange rate		0.1587	0.1587
Payment for assets acquired | ¥						¥ 176,000,000
Asset Purchase Agreement [Member] | Land, Buildings, Construction and Other Property Rights [Member]
Business Acquisition [Line Items]
Purchase price		$ 36,991,173
Exchange rate		0.1587	0.1587
Asset Purchase Agreement [Member] | Land, Buildings, Construction and Other Property Rights [Member] | RMB [Member]
Business Acquisition [Line Items]
Purchase price | ¥			¥ 2,330,000,000
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 ("Palau Asia-Pacific") 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.
Business acquisition, percentage of voting interests acquired	51.00%
Business acquisition, equity interest issued or issuable value assigned	$ 8,000,000
Business acquisition, deposits							$ 3,000,000
Rescission Agreement [Member]
Business Acquisition [Line Items]
Business acquisition, deposits					$ 3,000,000
Business acquisition, impairment loss					2,619,881
Business acquisition, residual amount					$ 380,119
Rescission Agreement [Member] | Palau Asia-Pacific [Member]
Business Acquisition [Line Items]
Stock ownership back				285,514
Rescission Agreement [Member] | Palau Asia-Pacific [Member] | Both Parties [Member]
Business Acquisition [Line Items]
Stock ownership back				94,605
Rescission Agreement [Member] | Palau Asia-Pacific [Member] | Hong Kong [Member]
Business Acquisition [Line Items]
Stock ownership back				$ 733,200

Asset Acquisitions - Summary of

Asset Acquisitions - Summary of Fair Value of Asset (Details)		Apr. 02, 2018USD ($)	Apr. 02, 2018CNY (¥)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)
Business Acquisition [Line Items]
Payments for purchase of assets				$ 352
Asset Purchase Agreement [Member]
Business Acquisition [Line Items]
Payments for purchase of assets	[1]	$ 36,991,173
Asset Purchase Agreement [Member] | RMB [Member]
Business Acquisition [Line Items]
Payments for purchase of assets | ¥			¥ 233,000,000
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 [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 [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.

Asset Acquisitions - Summary _2

Asset Acquisitions - Summary of Fair Value of Asset (Details) (Parenthetical)	Apr. 02, 2018
Asset Purchase Agreement [Member] | RMB [Member]
Exchange rate	0.1587

Properties and Equipment, Net -

Properties and Equipment, Net - Schedule of Properties and Equipment, Net (Details) - USD ($)	Sep. 30, 2020	Jun. 30, 2020
Property, Plant and Equipment [Line Items]
Accumulated depreciation	$ (318,136)	$ (260,540)
Properties and equipment, net	5,434,044	5,277,036
Land Use Rights and Land Use Rights Improvements [Member]
Property, Plant and Equipment [Line Items]
Properties and equipment	5,745,456	5,531,446
Furniture and Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Properties and equipment	6,724	6,130
Capitalized Software [Member]
Property, Plant and Equipment [Line Items]
Properties and equipment	$ 45,774	$ 46,947

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - $ / shares	Sep. 30, 2020	Jun. 30, 2020
Equity [Abstract]
Common stock, shares issued	139,314,416	139,314,416
Common stock, shares outstanding	139,314,416	139,314,416
Common stock, par value	$ 0.001	$ 0.001

Segment Information (Details Na

Segment Information (Details Narrative)	3 Months Ended
	Sep. 30, 2020USD ($)Integer	Sep. 30, 2019USD ($)	Jun. 30, 2020USD ($)
Segment Reporting Information [Line Items]
Operating segments | Integer	1
Total assets	$ 25,738,102		$ 25,353,800
Revenue	155,440	$ 172,176
Inter-company Transactions [Member]
Segment Reporting Information [Line Items]
Revenue
Subsidiary [Member]
Segment Reporting Information [Line Items]
Total assets	$ 14,979,171		$ 14,461,546

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)		May 02, 2020USD ($)	May 02, 2020CNY (¥)	Apr. 02, 2018USD ($)	Apr. 02, 2018CNY (¥)	Sep. 30, 2020USD ($)	Sep. 30, 2020CNY (¥)	Sep. 30, 2019USD ($)
Payments to acquire properties purchased | $						$ 352
Future expenditures | $						1,435,542
Shanghai Qiao Hong Real Estate, Ltd [Member]
Plaintiff damages | $		$ 11,255,101
RMB [Member]
Remaining installments							¥ 57,000,000
Future expenditures							9,780,000
RMB [Member] | Shanghai Qiao Hong Real Estate, Ltd [Member]
Plaintiff damages			¥ 76,654,000
Remaining installments					¥ 58,000,000
Asset Purchase Agreement [Member]
Payments to acquire properties purchased | $	[1]			$ 36,991,173
Asset Purchase Agreement [Member] | RMB [Member]
Payments to acquire properties purchased					¥ 233,000,000
Asset Purchase Agreement [Member] | Two Properties [Member] | Shanghai [Member]
Payments to acquire properties purchased | $						$ 25,842,070
Asset Purchase Agreement [Member] | Two Properties [Member] | Shanghai [Member] | RMB [Member]
Purchase price							233,000,000
Payments to acquire properties purchased							¥ 176,000,000
[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) - Securities Purchase Agreement [Member] - Lianyungang Yiheyuan Elderly Services Co., Ltd [Member]	Oct. 26, 2020USD ($)$ / sharesshares
Acquired percentage shares	10.00%
Shares issued during the period for acquisition | shares	234,845
Price per share | $ / shares	$ 1
Shares issued during the period for acquisition, value	$ 2,348,450
Invested cash value description	In accordance with the Agreement, HQDA is purchasing the Shares in exchange for 234,845 shares of HQDA's common stock valued at $1.00 per share, which the total value is equivalent to 10% of the originally invested cash value RMB16, 000,000 (about USD$2,348,450) by the LYES shareholders.
RMB [Member]
Shares issued during the period for acquisition, value	$ 16,000,000