HQDA Elderly Life Network (HQDA) 10-Q 12 Nov 21 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Sep. 30, 2021	Nov. 12, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--06-30
Entity File Number	000-52417
Entity Registrant Name	HQDA ELDERLY LIFE NETWORK CORP.
Entity Central Index Key	0001304730
Entity Tax Identification Number	98-1225287
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	372 Ziwei Road
Entity Address, Address Line Two	Pudong New District
Entity Address, City or Town	Shanghai
Entity Address, Country	CN
Entity Address, Postal Zip Code	200009
City Area Code	(626)
Local Phone Number	877-8187
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	HQDA
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		139,314,416

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2021	Jun. 30, 2021
Current assets:
Cash	$ 10,174	$ 28,080
Accounts and other receivables	39,867	34,418
Receivable - related parties	63,589	43,809
Total current assets	104,630	106,307
Deposits for assets purchase	20,586,608	20,597,809
Properties and equipment, net	5,652,241	5,713,732
Right-use-of asset	62,014	73,368
Total assets	26,405,493	26,491,216
Current liabilities:
Accounts payable and accrued liabilities	159,244	95,435
Payable to related parties	3,732,644	3,869,479
Unearned revenue	245,174	107,549
Lease liability	53,930	64,488
Litigation reserve	2,306,749	2,314,786
Customer deposits – long-term	115,000	122,695
Total liabilities	6,612,741	6,574,432
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	(622,804)	(590,412)
Accumulated deficit	(9,443,623)	(9,351,983)
Total stockholders’ equity	19,792,752	19,916,784
Total liabilities and stockholders’ equity	$ 26,405,493	$ 26,491,216

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2021	Jun. 30, 2021
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	0	0
Preferred stock, shares outstanding	0	0
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 Comp

Consolidated Statements of Comprehensive Income (loss) (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenue	$ 144,316	$ 155,440
Operating costs:
Cost of food and beverages	27,320	46,855
Selling, general and administrative expenses	164,507	229,267
Depreciation and amortization	41,730	47,949
Total operating expenses	233,557	324,071
Operating loss	(89,241)	(168,631)
Other income (expense):
Litigation reserve		176,050
Interest Income		(11)
Other expense, net	2,399	(1,116)
Nonoperating income (Expense), Total	2,399	174,923
Net loss before income taxes
Income tax expense
Net loss	(91,640)	(343,554)
Foreign currency translation, net tax	(32,392)	140,166
Comprehensive loss	$ (124,032)	$ (203,388)
Earnings per share
Basic and diluted loss per share	$ 0	$ (0.002)
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, 2021	Sep. 30, 2020
Cash flow from operating activities
Net loss	$ (91,640)	$ (343,554)
Adjustments to reconcile loss to net cash provided by (used in) operating activities:
Depreciation and amortization	52,811	47,949
Legal reserve		176,050
Changes in operating assets and liabilities：
Decrease in receivables	(60,051)	(13,564)
Increase in related party receivables	43,636	71,728
Increase in accounts payable and accrued liabilities	(18)	51,665
Increase in contract liabilities	137,773
Decrease of customer deposits – long-term	(7,257)
Operating lease liabilities	(10,317)
Net cash provided by (used in) operating activities	64,941	(9,762)
Cash flow from investing activities
Deposits paid for assets purchase	(23,235)	(352)
Net cash used in investing activities	(23,235)	(352)
Cash flow from financing activities
Decrease in related party payable	(59,599)	(50,589)
Net cash provided by financing activities	(59,599)	(50,589)
Effect of exchange rate changes	181	(7,143)
Decrease in cash	(17,712)	(67,810)
Cash, beginning	27,886	119,955
Cash, ending	$ 10,174	$ 52,145

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Jun. 30, 2020	$ 139,314	$ 29,719,865	$ (8,109,628)	$ (1,234,719)	$ 20,514,832
Beginning balance, shares at Jun. 30, 2020	139,314,416
Net loss			(343,554)		(343,554)
Foreign currency translation, net tax				140,166	140,166
Ending balance, value at Sep. 30, 2020	$ 139,314	29,719,865	(8,453,182)	(1,094,553)	20,311,444
Ending balance, shares at Sep. 30, 2020	139,314,416
Beginning balance, value at Jun. 30, 2021	$ 139,314	29,719,865	(9,351,983)	(590,412)	19,916,784
Beginning balance, shares at Jun. 30, 2021	139,314,416
Net loss			(91,640)		(91,640)
Foreign currency translation, net tax				(32,392)	(32,392)
Ending balance, value at Sep. 30, 2021	$ 139,314	$ 29,719,865	$ (9,443,623)	$ (622,804)	$ 19,792,752
Ending balance, shares at Sep. 30, 2021	139,314,416

Nature and Continuance of Opera

Nature and Continuance of Operations	3 Months Ended
	Sep. 30, 2021
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 wholly-owned subsidiary, Shanghai Hongfu Health Management Ltd. (“Shanghai Hongfu”), 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, 2021 and for the three months ended have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company reported a net loss of $ 91,640 343,554 6,393,111 6,345,430 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, 2021
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. This disclosure should be read in conjunction with our audited financial statements for the year ended June 30, 2021, including footnotes, contained in our Annual Report on Form 10-K, Use of Estimates The preparation of financial statements in conformity with US GAAP requires the Company’s management to make estimates and assumptions that affect the amounts of assets and liabilities, the identification and disclosure of impaired assets and contingent liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. Foreign currency translation The United States dollar (“USD”) is the Company’s reporting currency. The Company’s wholly owned subsidiary, Shanghai Hongfu is located in Shanghai, 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 On November 2020 and amended on February 2021, the Company contracted with Shanghai Jinhong Business Hotel Co., Ltd. (SHJH) for leasing 60 rooms as a whole for five years and auto renew for another five years if no party in default pursuant to the contract terms. SHJH subleases the rooms to the single independent resident and operates as business apartments. On April 2021, the Company entered another contract with SHJH to lease the auxiliary building including retail spaces along the street for ten years for the average yearly rent of $ 191,441 1,268,543 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. Recently issued accounting pronouncements adopted 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. 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, 2021
Related Party Transactions [Abstract]
Related party Transactions	3. Related party Transactions Receivable and Payable Receivable from related parties amounted $ 63,589 $ 43,809 at September 30, 2021 and June 30, 2021, respectively. Payable to related parties amounted to $ 3,732,644 and $ 3,869,479 at September 30, 2021 and June 30, 2021, respectively. The related party amounts are mainly 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 September 1, 2018, 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 one million 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, 2021 and 2020, the Company recorded hotel management fee of $ 38,725 0.25 24,920 0.25 26,793 102,268 144,638 Other During the three ended September 30, 2021, and 2020 the Company recorded management fees of $ 33,680 24,920 65,644 20,000

Asset Acquisition

Asset Acquisition	3 Months Ended
	Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Asset Acquisition	4. Asset Acquisition On April 2, 2018, the Company entered into an Asset Purchase Agreement (the “APA”) whereby the Company will purchase land use rights, buildings, construction rights and other property rights located in Shanghai from a third party for a total purchase price of $ 36,991,173 233,000,0000 0.1587 Summary of Fair Value of Asset 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 As of September 30, 2021, the Company has paid a total of $ 27,353,690 (RMB 176.3 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 legal case against Shanghai Hongfu for the payment default pursuant to the APA on July 13, 2020. See Note 8 for more details about the lawsuit and the final court ruling. During the three months ended September 30, 2021, the Company paid $ 23,273 toward the agreement and the remaining unpaid balance was $ 8,797,244 (RMB 56,700,000 ) as of September 30, 2021. 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

Properties and Equipment, net

Properties and Equipment, net	3 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Properties and Equipment, net	5. Properties and Equipment, net Schedule of Properties and Equipment, Net September 30, June 30, 2021 2021 (Unaudited) Land use rights and improvements $ 6,071,185 $ 6,092,340 Furniture and office equipment 7,347 7,399 Capitalized software 42,253 42,253 Motors and vehicles 20,756 20,801 Minus: Accumulated depreciation and amortization (489,300 ) (449,061 ) Properties and Equipment, net $ 5,652,241 $ 5,713,732 For the three ended September 30, 2021 and 2021, the depreciation and amortization expenses were $ 41,730 57,596

Segment Information

Segment Information	3 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Segment Information	6. 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 and June 30, 2021, the subsidiary had an amount of $ 15,686,163 and $ 15,743,371 , respectively, in total assets. There was no revenue generated from inter-company transactions for three months ended September 30, 2021 and 2020.

Contingencies and commitments

Contingencies and commitments	3 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Contingencies and commitments	7. Contingencies and commitments Lawsuit related to the assets purchase agreements The Company entered into the APA to acquire two properties in Shanghai totaling RMB 233,000,000 . Payments of $ 27,353,690 (RMB 176,300,000 ) have been made through September 30, 2021. 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 June 2019. On May 1, 2020, a lawsuit was filed at a district court in Shanghai, China, 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 10,842,150 58 11,140,000 374,415 57,000,000 68,400,000 As of September 30 and June 2021, the Company reserved $ 2,306,749 2,314,786 2,595 638 Subsequently, the Company received a 2 nd 100% 6,071,185 6,092,340 Settlement of a Violation of Exchange Act On March 11, 2021, the Company settled a violation of Exchange Act Rule 12b-25 with Securities and Exchange Commission (SEC) for a fine of $ 50,000 In accordance with the settlement, the Company is obligated to pay the $50,000 fine as follows: $10,000 within 14 days of the entry of the Order, $15,000 within 180 days of the entry of the order, $12,500 within 270 days of the entry of the Order and $12,500 days of the entry of the Order. 40,000

Operating lease

Operating lease	3 Months Ended
	Sep. 30, 2021
Operating Lease
Operating lease	8. Operating lease Sichuan HQDA Elderly Services Co., Ltd (“SHES”), the newly established subsidiary of Shanghai Hongfu, entered two operating leases with third parties at Chengdu, China on March 2021. The two operating leases have a twenty-two months office space lease and a 1-year apartment lease for employee residence. The Company also has an office lease located at Rosemead, California with monthly rent of $ 1,020 According to ASC 842, the Company records the office lease on the balance sheet as Right-of-use assets and Operating lease liabilities and choose the simplified method record the apartment lease. The incremental borrowing rate is 5.75% 1.3 11,947 15,310 3,060 62,014 73,368 As of September 30, 2021, future minimum annual lease payment under operating lease was as follows: Schedule of Future Minimum Annual Lease Payment Under Operating Lease Years ending June 30, Operating lease 2022 $ 33,602 2023 22,401 Total 56,003 Less interest (2,073 ) Present value of lease liabilities $ 53,930

Subsequent Event

Subsequent Event	3 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Event	9. Subsequent Event None.

Basis of Significant Accounti_2

Basis of Significant Accounting policies (Policies)	3 Months Ended
	Sep. 30, 2021
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. This disclosure should be read in conjunction with our audited financial statements for the year ended June 30, 2021, including footnotes, contained in our Annual Report on Form 10-K,
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with US GAAP requires the Company’s management to make estimates and assumptions that affect the amounts of assets and liabilities, the identification and disclosure of impaired assets and contingent liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.
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 is located in Shanghai, 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 On November 2020 and amended on February 2021, the Company contracted with Shanghai Jinhong Business Hotel Co., Ltd. (SHJH) for leasing 60 rooms as a whole for five years and auto renew for another five years if no party in default pursuant to the contract terms. SHJH subleases the rooms to the single independent resident and operates as business apartments. On April 2021, the Company entered another contract with SHJH to lease the auxiliary building including retail spaces along the street for ten years for the average yearly rent of $ 191,441 1,268,543
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.
Recently issued accounting pronouncements adopted	Recently issued accounting pronouncements adopted 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. 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, 2021
Business Combination and Asset Acquisition [Abstract]
Summary of Fair Value of Asset	Summary of Fair Value of Asset 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

Properties and Equipment, net (

Properties and Equipment, net (Tables)	3 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of Properties and Equipment, Net	Schedule of Properties and Equipment, Net September 30, June 30, 2021 2021 (Unaudited) Land use rights and improvements $ 6,071,185 $ 6,092,340 Furniture and office equipment 7,347 7,399 Capitalized software 42,253 42,253 Motors and vehicles 20,756 20,801 Minus: Accumulated depreciation and amortization (489,300 ) (449,061 ) Properties and Equipment, net $ 5,652,241 $ 5,713,732

Operating lease (Tables)

Operating lease (Tables)	3 Months Ended
	Sep. 30, 2021
Operating Lease
Schedule of Future Minimum Annual Lease Payment Under Operating Lease	As of September 30, 2021, future minimum annual lease payment under operating lease was as follows: Schedule of Future Minimum Annual Lease Payment Under Operating Lease Years ending June 30, Operating lease 2022 $ 33,602 2023 22,401 Total 56,003 Less interest (2,073 ) Present value of lease liabilities $ 53,930

Nature and Continuance of Ope_2

Nature and Continuance of Operations (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 91,640	$ 343,554
Working capital deficiency	$ 6,393,111		$ 6,345,430

Basis of Significant Accounti_3

Basis of Significant Accounting policies (Details Narrative) - 1 months ended Apr. 30, 2021	USD ($)	CNY (¥)
Shanghai Qiao Hong Real Estate, Ltd [Member]
Average yearly rent	$ 191,441	¥ 1,268,543

Related party Transactions (Det

Related party Transactions (Details Narrative) ¥ in Thousands	3 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2021CNY (¥)	Sep. 30, 2020USD ($)	Sep. 30, 2020CNY (¥)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)
Due from Related Parties, Current	$ 63,589				$ 43,809
Payable to related parties	3,732,644				3,869,479
Chief Financial Officer [Member]
Payable to related parties	65,644		$ 20,000
Payment for management fee	33,680		24,920
ZHAWF Shanghai [Member]
Payable to related parties	26,793				$ 144,638	$ 102,268
Hotel [Member]
Payment for management fee	$ 38,725	¥ 250	$ 24,920	¥ 250

Summary of Fair Value of Asset

Summary of Fair Value of Asset (Details) - Asset Purchase Agreement [Member]	Apr. 02, 2018USD ($)		Apr. 02, 2018CNY (¥)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payments for purchase of assets	$ 36,991,173	[1]	¥ 233,000,000
Building and Building Improvements and Land Use Rights [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Asset acquisition, description	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	$ 30,778,879	[1]	¥ 193,870,000
Location	Shanghai Chongming District San Shuang Gong Lu No. 4797.		Shanghai Chongming District San Shuang Gong Lu No. 4797.
Land Use Rights [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payments for purchase of assets	$ 6,212,294	[1]	¥ 39,130,000
[1]	The exchange rate of 0.1587

Summary of Fair Value of Asse_2

Summary of Fair Value of Asset (Details) (Parenthetical)	Apr. 02, 2018
Asset Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Exchange rate	0.1587

Asset Acquisition (Details Narr

Asset Acquisition (Details Narrative)	Apr. 02, 2018USD ($)	Apr. 02, 2018CNY (¥)	Sep. 30, 2021USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2021CNY (¥)	Jun. 30, 2021CNY (¥)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Loss Contingency Accrual, Payments			$ 23,273
[custom:RemainingUnpaidBalance]				$ 8,797,244	¥ 56,700,000
Asset Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Exchange rate	0.1587	0.1587
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets				$ 27,353,690		¥ 176,300,000
Asset Purchase Agreement [Member] | Land, Buildings, Construction and Other Property Rights [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Purchase price	$ 36,991,173	¥ 2,330,000,000
Exchange rate	0.1587	0.1587

Schedule of Properties and Equi

Schedule of Properties and Equipment, Net (Details) - USD ($)	Sep. 30, 2021	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Land use rights and improvements	$ 6,071,185	$ 6,092,340
Furniture and office equipment	7,347	7,399
Capitalized software	42,253	42,253
Motors and vehicles	20,756	20,801
Minus: Accumulated depreciation and amortization	(489,300)	(449,061)
Properties and Equipment, net	$ 5,652,241	$ 5,713,732

Properties and Equipment, net_2

Properties and Equipment, net (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation and amortization	$ 41,730	$ 57,596

Segment Information (Details Na

Segment Information (Details Narrative)	3 Months Ended
	Sep. 30, 2021USD ($)Integer	Sep. 30, 2020USD ($)	Jun. 30, 2021USD ($)
Number of Operating Segments | Integer	1
Assets	$ 26,405,493		$ 26,491,216
Revenue from inter company tranactions		$ 0
Subsidiaries [Member]
Assets	$ 15,686,163		$ 15,743,371

Contingencies and commitments (

Contingencies and commitments (Details Narrative)

Mar. 11, 2021USD ($)

Nov. 18, 2020CNY (¥)

May 02, 2020USD ($)

May 02, 2020CNY (¥)

Apr. 02, 2018USD ($)

[1]

Apr. 02, 2018CNY (¥)

Sep. 30, 2021USD ($)

Sep. 30, 2021CNY (¥)

Sep. 30, 2020USD ($)

Jun. 30, 2021USD ($)

Jun. 30, 2021CNY (¥)

Jun. 30, 2020USD ($)

Product Liability Contingency [Line Items]

Reserved for penalty and lawsuit fee

$ 2,306,749

$ 2,314,786

Cash balance

2,595

$ 638

Litigation settlement expense

$ 50,000

$ 176,050

Settlement agreement, terms

In accordance with the settlement, the Company is obligated to pay the $50,000 fine as follows: $10,000 within 14 days of the entry of the Order, $15,000 within 180 days of the entry of the order, $12,500 within 270 days of the entry of the Order and $12,500 days of the entry of the Order.

In accordance with the settlement, the Company is obligated to pay the $50,000 fine as follows: $10,000 within 14 days of the entry of the Order, $15,000 within 180 days of the entry of the order, $12,500 within 270 days of the entry of the Order and $12,500 days of the entry of the Order.

Settlement payable

$ 40,000

40,000

Asset Purchase Agreement [Member]

Product Liability Contingency [Line Items]

Payments to acquire properties purchased

$ 36,991,173

¥ 233,000,000

Payment to plaintiff | ¥

¥ 68,400,000

Asset Purchase Agreement [Member] | Shanghai Qiao Hong Real Estate, Ltd [Member]

Product Liability Contingency [Line Items]

Plaintiff damages

¥ 11,140,000

$ 10,842,150

¥ 76,654,000

Loss contingency periodic payment amount | ¥

57,000,000

¥ 58,000,000

Lawsuit fee | ¥

¥ 374,415

Asset Purchase Agreement [Member] | Two Properties [Member] | Shanghai [Member]

Product Liability Contingency [Line Items]

Business Combination, Consideration Transferred | ¥

¥ 233,000,000

Payments to acquire properties purchased

27,353,690

¥ 176,300,000

Securities Purchase Agreement [Member]

Product Liability Contingency [Line Items]

Acquired percentage shares

100.00%

Securities Purchase Agreement [Member] | Land Use Rights [Member]

Product Liability Contingency [Line Items]

Payments to acquire properties purchased

$ 6,071,185

$ 6,092,340

[1]

The exchange rate of 0.1587

Schedule of Future Minimum Annu

Schedule of Future Minimum Annual Lease Payment Under Operating Lease (Details)	Sep. 30, 2021USD ($)
Operating Lease
2022	$ 33,602
2023	22,401
Total	56,003
Less interest	(2,073)
Present value of lease liabilities	$ 53,930

Operating lease (Details Narrat

Operating lease (Details Narrative) - USD ($)	Mar. 31, 2021	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021
Operating Lease
Rental expenses	$ 1,020	$ 11,947
Incremental borrowing rate		5.75%
Operating lease term		1 year 3 months 18 days
Operating lease payment		$ 15,310	$ 3,060
Right of use asset		$ 62,014		$ 73,368