Ionix Technology (IINX) 10-K 11 Oct 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2016	Oct. 11, 2016	Dec. 31, 2015
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Registrant Name	IONIX TECHNOLOGY, INC.
Entity Central Index Key	1,528,308
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		99,003,000
Entity Public Float			$ 18,811,650
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Current Assets:
Cash	$ 74,388	$ 691
Restricted cash	194,836
Accounts receivable, net of allowance for doubtful accounts of $71,318 and $0	1,481,495
Inventory	248,454
Deferred tax assets	22,850
Advances to suppliers	167,198
Total Current Assets	2,189,221	691
Total Assets	2,189,221	691
Current Liabilities:
Accounts payable	774,029
Bank acceptance bill	194,836
Due to related parties	1,131,158
Other current liabilities	44,308
Tax payable	31,792
Current liability of discontinued operation		177,602
Total Current Liabilities	2,176,123	177,602
COMMITMENT AND CONTINGENCIES
Stockholders' Equity (Deficit):
Common stock, 195,000,000 shares authorized, $.0001 par value; 99,003,000 shares issued and outstanding at June 30, 2016 and 2015	9,900	9,900
Preferred stock, 5,000,000 shares authorized, $.0001 par value; 5,000,000 and zero shares issued and outstanding at June 30, 2016 and 2015, respectively	500
Additional paid in capital	237,246	3,661
Accumulated deficit	(234,903)	(190,472)
Accumulated other comprehensive income	355
Total stockholders' equity (deficit)	13,098	(176,911)
Total Liabilities and Stockholders' Equity (Deficit)	$ 2,189,221	$ 691

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 71,318	$ 0
Common stock, authorized shares	195,000,000	195,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares issued	99,003,000	99,003,000
Common stock, shares outstanding	99,003,000	99,003,000
Preferred stock, authorized shares	5,000,000	5,000,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	5,000,000	0
Preferred stock, shares outstanding	5,000,000	0

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenues	$ 1,970,345
Cost of revenues	1,844,471
Gross profit	125,874
Expenses:
General and administrative	147,470
Selling expenses	11,138
Total operating expenses	158,608
Net loss from continuing operation before provision for income taxes	(32,734)
Provision for income taxes	5,158
Net loss from continuing operation	(37,892)
Loss from discontinued operation	(6,539)	(116,282)
Net loss	(44,431)	(116,282)
Other comprehensive income
Foreign currency translation adjustment	355
Comprehensive loss	$ (44,076)	$ (116,282)
Loss Per Share -
Basic and Diluted - continuing operation	$ 0	$ 0
Basic and Diluted - discontinued operation	0	0
Total Loss per share	$ 0	$ 0
Weighted average number of common shares outstanding - Basic and Diluted	99,003,000	99,003,000

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid in capital [Member]	Accumulated other comprehensive income [Member]	Accumulated Deficit [Member]	Total
Balance at Jun. 30, 2014		$ 9,900	$ 3,661		$ (74,190)	$ (60,629)
Balance, shares at Jun. 30, 2014		99,003,000
Net loss					(116,282)	(116,282)
Foreign currency translation adjustment
Balance at Jun. 30, 2015		$ 9,900	3,661		(190,472)	(176,911)
Balance, shares at Jun. 30, 2015		99,003,000
Shares issued for cash	$ 500		49,500			50,000
Shares issued for cash, shares	5,000,000
Forgiveness of stockholder loan			184,085			184,085
Net loss					(44,431)	(44,431)
Foreign currency translation adjustment				355		355
Balance at Jun. 30, 2016	$ 500	$ 9,900	$ 237,246	$ 355	$ (234,903)	$ 13,098
Balance, shares at Jun. 30, 2016	5,000,000	99,003,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (44,431)	$ (116,282)
Net loss from discontinued operation	(6,539)	(116,282)
Net loss from continuing operation	(37,892)
Adjustments required to reconcile net loss to net cash used in operating activities:
Deferred tax asset	(22,850)
Allowance for doubtful accounts	74,924
Changes in assets and liabilities:
Increases in accounts receivable	(1,631,340)
Increases in inventory	(261,019)
Increases in advance to suppliers	(175,648)
Increases in accounts payable	813,172
Increases in bank acceptance bill	204,689
Increases in other current liabilities	46,091
Increases in tax payable	33,400
Net cash used in continuing operation	(956,473)
Net cash used in discontined operation	(14,039)	(23,726)
Net cash used in operating activities	(970,512)	(23,726)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in restricted cash	(204,689)
Issuance of preferred shares	50,000
Proceeds from related party loans	1,185,655
Net cash provided by continuing operation	1,030,966
Net cash provided by discontinued operation	13,983	24,336
Net cash provided by financing activities	1,044,949	24,336
Effect of exchange rate changes on cash and cash equivalents	(740)
Net increase in cash	73,697	610
Cash balance, beginning of year	691	81
Cash balance, end of year	74,388	691
Supplemental disclosure of cash flow information:
Cash paid for income tax	2,390
Cash paid for interest

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1- NATURE OF OPERATIONS Corporate History Ionix Technology, Inc. (the “Company”), formerly known as Cambridge Projects Inc., is a Nevada corporation that was formed on March 11, 2011 . The Company was originally formed to pursue a business combination through the acquisition of, or merger with, an operating business. On February 8, 2012, the Company obtained exclusive licensing rights of the QI System from Quadra International Inc. (“Quadra”), the manufacturer of the QI System, to sub-license, establish joint ventures to commercialize, use and process organic waste, and sell related by-products in the states of Johore and Selangor, Malaysia for a period of 25 years. The QI System processes organic waste to marketable by-products and is proprietary technology. This business was terminated on November 15, 2015. (See Note 4) On November 20, 2015, the Company’s former majority shareholder and chief executive officer, Locksley Samuels, sold his entire 21,600,000 shares of the Company’s common stock to Shining Glory Investments Limited and resigned from all positions with the Company. At the same time, the Board appointed Ms. Doris Zhou as the Company’s Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer, and director. As a result of this transaction, a change in control occurred as (i) Purchaser acquired approximately 65.45% of the Company’s common stock, and (ii) the Company’s sole officer and director after this transaction is Ms. Zhou. After the change of control, the Company has shifted its focus to becoming an aggregator of energy cooperatives to achieve optimum price and efficiency in creating and producing technology and products that emphasize long life, high output, high energy density, and high reliability. By and through its wholly owned subsidiaries, the Company develops, designs, manufactures and sells lithium batteries for electric vehicles in China. On February 17, 2016, the Board ratified, approved, and authorized the Company’s formation of a wholly-owned subsidiary, Well Best International Investment Limited, a limited liability company formed under the laws of Hong Kong Special Administrative Region (“Well Best”) on September 14, 2015. Well Best was acquired by Qingchun Yang, its current director, on November 10, 2015. One hundred percent interest in Well Best was transferred to Ionix Technology on February 15, 2016. Well Best has been formed to (i) act as an investment holding company, and (ii) pursue new business ventures conducted in the Asia Pacific region excluding China. On February 17, 2016, the Board ratified, approved, and authorized the Company, as the sole member of Well Best, on the formation of Taizhou Ionix Technology Company Limited (“Taizhou Ionix”), a company formed under the laws of China on December 17, 2015, and a wholly-owned subsidiary of Well Best. As a result, Taizhou Ionix is an indirect wholly-owned subsidiary of the Company. Taizhou Ionix conducted no business between its date of incorporation and date approved by the Board.Taizhou Ionix was formed to (i) develop, design, and manufacture lithium-ion batteries for electric vehicles, and (ii) act as an investment holding company that may acquire other businesses located in China. On August 19, 2016, the Board ratified, authorized, and approved the sale of 100% of Taizhou Ionix to one of its director . On May 19, 2016, the Company, as the sole member of Well Best, formed Xinyu Ionix Technology Company Limited (“Xinyu Ionix”), a company formed under the laws of China. As a result Xinyu Ionix is a wholly-owned subsidiary of Well Best and an indirect wholly-owned subsidiary of the Company. Between May 19, 2016 and August 19, 2016, the date the Board ratified the incorporation, Xinyu Ionix conducted no business. Xinyu Ionix will focus on developing and designing lithium batteries as well as to act as an investment company that may acquire other businesses located in China Name change and forward split On November 30, 2015, the Company’s board of directors (the “Board”) and the majority of its shareholders approved that (i) the Company change its name from “Cambridge Projects Inc.” to “Ionix Technology, Inc.”, (ii) the Company voluntarily changed its ticker symbol in connection with the name change, and (iii) the Company execute a 3:1 forward stock split. The consolidated financial statements have been retrospectively adjusted to reflect this forward split for all period presented.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Jun. 30, 2016
Going Concern
GOING CONCERN	NOTE 2 –GOING CONCERN The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has not generated income and cash flow from its operations and had an accumulated deficit of $234,903 at June 30, 2016. These circumstances, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Company expects to continue incurring losses for the foreseeable future and may need to raise additional capital from external sources or obtain loans from officers and shareholders in order to continue the long-term efforts contemplated under its business plan. The Company is in the process of reevaluating its current marketing strategy as it relates to the sale of its current product line. In addition, the Company is pursuing other revenue streams which could include strategic acquisitions or possible joint ventures of other business segments.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 –SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Company's consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Certain amounts have been reclassified to conform to current year presentation Basis of consolidation The consolidated financial statements include the financial statements of Ionix Technology Inc. and its subsidiaries, all of which are wholly owned. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation. Cash and cash equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. Accounts receivable Accounts receivable are recorded at the invoiced amount and do not bear interest, which are due within contractual payment terms, generally 30 to 90 days from shipment. Credit is extended based on evaluation of a customer's financial condition, the customer’s credit-worthiness and their payment history. Accounts receivable outstanding longer than the contractual payment terms are considered past due. Past due balances over 90 days and over a specified amount are reviewed individually for collectability. At the end of each period, the Company specifically evaluates individual customer’s financial condition, credit history, and the current economic conditions to monitor the progress of the collection of accounts receivables. The Company will consider the allowance for doubtful accounts for any estimated losses resulting from the inability of its customers to make required payments. For the receivables that are past due or not being paid according to payment terms, the appropriate actions are taken to exhaust all means of collection, including seeking legal resolution in a court of law. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off-balance-sheet credit exposure related to its customers. Based on the evaluation, the Company has determined that $71,318 and Nil allowance for doubtful accounts is required as of June 3 0 Impairment of long-lived assets In accordance with the provisions of ASC Topic 360, “Impairment or Disposal of Long-Lived Assets”, all long-lived assets such as property, plant and equipment held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to its estimated future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the fair value of the assets. Based on the analysis, the Company recorded Nil and $74,475, which is reflected in discontinued operations in the statement of comprehensive loss of impairment on intangible assets for the years ended June 30, 2016 and 2015, respectively. Revenue recognition In accordance with the ASC Topic 605, “Revenue Recognition”, the Company recognizes revenue when persuasive evidence of an arrangement exists, transfer of title has occurred or services have been rendered, the selling price is fixed or determinable and collectability is reasonably assured. The Company recognizes revenue from the sale of finished products upon delivery to the customer, whereas the title and risk of loss are fully transferred to the customers. The Company records its revenues, net of value added taxes (“VAT”). The Company is subject to VAT which is levied on the majority of the products at the rate of 17% on the invoiced value of sales. Comprehensive income ASC Topic 220, “Comprehensive Income”, establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income as defined includes all changes in equity during a period from non-owner sources. Accumulated other comprehensive income, as presented in the accompanying consolidated statement of stockholders’ equity, consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit. Income taxes Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. As of June 30, 2016 and 2015, the Company did not have any significant unrecognized uncertain tax positions. Net loss per share The Company calculates net income per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income per share is computed by dividing the net income by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations. The reporting currency of the Company is the United States Dollar ("US$"). The Company's subsidiaries in the People’s Republic of China (“PRC”) maintain their books and records in their local currency, the Renminbi Yuan ("RMB"), which is the functional currency as being the primary currency of the economic environment in which these entities operate. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement ”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. Stockholders’ equity is translated at historical rates. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity. The exchange rates used to translate amounts in RMB into U.S. Dollars for the purposes of preparing the consolidated financial statements are as follows: June 30, 2016 Balance sheet items, except for equity accounts 6.6312 Items in statements of income and cash flows 6.3120 There were no foreign operations during the year ended June 30, 2015. Fair Value of Financial Instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, accounts and retention receivable, prepayments and other receivables, accounts payable, income tax payable, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. Management believes, based on the current market prices or interest rates for similar debt instruments, the fair value of short-term bank borrowings and note payable approximate the carrying amount. Level 1: Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets; Level 2: Inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. Black-Scholes Option-Pricing model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs; and Level 3: Inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Recent accounting pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers: Topic 606. This Update affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards. The guidance in this Update supersedes the revenue recognition requirements in Topic 605, Revenue Recognition and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to illustrate the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new guidance also includes a cohesive set of disclosure requirements that will provide users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from a reporting organization’s contracts with customers. This ASU is effective for fiscal years, and interim periods within those years beginning after December 15, 2016 for public companies and 2017 for non-public entities. Management is evaluating the effect, if any, on the Company’s financial position and results of operations.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Jun. 30, 2016
Discontinued Operations
DISCONTINUED OPERATIONS	NOTE 4– DISCONTINUED OPERATIONS On February 8, 2012, the Company obtained exclusive licensing rights of the QI System from Quadra International Inc. (“Quadra”), the manufacturer of the QI System, to sub-license, establish joint ventures to commercialize, use and process organic waste, and sell related by-products in the states of Johore and Selangor, Malaysia for a period of 25 years. The QI System processes organic waste to marketable by-products and is proprietary technology. This business was terminated on November 15, 2015.The Company has excluded results of QI system operations from its continuing operations to present this business in discontinued operations. The following table shows the results of operations for years ended June 30, 2016 and 2015 which are included in the loss from discontinued operations: Years Ended June 30, 2016 2015 Revenue $ - $ - Cost of revenue - - Gross profit - - Selling, general and administrative expenses 6,539 116,282 Loss before income taxes (6,539 ) (116,282 ) Provision for income taxes - - Loss from discontinued operations $ (6,539 ) $ (116,282 )

RESTRICTED CASH

RESTRICTED CASH	12 Months Ended
	Jun. 30, 2016
Restricted Cash
RESTRICTED CASH	NOTE 5-RESTRICTED CASH Restricted cash represented deposits in certain banks as collateral for bank acceptance bills (See Note 7) . 0

INVENTORIES

INVENTORIES	12 Months Ended
	Jun. 30, 2016
Inventories
INVENTORIES	NOTE 6-INVENTORIES Inventories are stated at the lower of cost (determined using the weighted average cost) or market value and consist of the following: As of June 30 , 2016 2015 Work-in-process $ 248,154 $ - Packaging materials 300 - $ 248,454 $ -

BANK ACCEPTANCE BILLS

BANK ACCEPTANCE BILLS	12 Months Ended
	Jun. 30, 2016
Bank Acceptance Bills
BANK ACCEPTANCE BILLS	NOTE 7-BANK ACCEPTANCE BILLS The Company obtained bank acceptance bills from two banks which are due between November 20, 2016 and December 6, 2016. The bank acceptance bills were collateralized by cash deposits in the banks (see Note 5).

DUE TO RELATED PARTIES

DUE TO RELATED PARTIES	12 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
DUE TO RELATED PARTIES	NOTE 8 - DUE TO RELATED PARTIES Due to related parties represents certain advances to the Company or its subsidiaries by related parties. The amounts are non-interest bearing, unsecured and due on demand. On November 19, 2015, the Company received a letter of forgiveness from Magnum Group International Inc. (“Magnum”), a shareholder of the Company, whereby an aggregate amount of $184,085 which was the balance of due to Magnum as of November 19, 2015 was forgiven. The amount was recorded as additional paid in capital. During the year ended June 30, 2016, Ben Wong (the controlling shareholder of Shinning Glory which holds shares in Ionix Technology, Inc.) advanced $15,771 to the Company, $37,740 to Well Best and $165,882 (RMB 1,100,000) to Taizhou Ionix. During the year ended on June 30, 2016, Mr. Li, the General Manager and director of Taizhou Ionix, made advances to Taizhou Ionix for $307,644 (RMB 2,040,050). On December 31, 2015, Taizhou Ionix entered into an agreement with Taizhou Jiunuojie Electronic Technology Ltd. (“Taizhou Jiunuojie”) whose major shareholder is Mr.Guo’en Li, a director of Taizhou Ionix. Based on the agreement, Taizhou Jiunuojie will manufacture Lithium-ion battery for Taizhou Ionix at a cost of RMB1.1 per unit (approximately $0.17). Taizhou Ionix also purchased raw materials from Taizhou Jiunuojie. The total cost of raw material purchased from Taizhou Jiunuojie and manufacturing cost incurred was $720,078 for the year ended June 30, 2016. Taizhou Ionix leased office and warehouse space from Taizhou Jiunuojie. The lease term is from January 1, 2016 to December 31, 2016 with annual rent of RMB12,000 (approximately $1,900). The Company recorded rental expense of $679 for the year ended June 30, 2016. Total balance owed to Taizhou Jiunuojie (including accruals) as of June 30, 2016 was $528,720 (RMB 3,506,047) During the year ended June 30, 2016, the Company borrowed $75,401 (RMB 500,000) from its president, director and chief executive officer, Ms. Doris Zhou.

CONCENTRATION OF RISKS

CONCENTRATION OF RISKS	12 Months Ended
	Jun. 30, 2016
Concentration Of Risks
CONCENTRATION OF RISKS	NOTE 9 – CONCENTRATION OF RISKS Major customers For the year ended June 30, 2016, customer who accounted for 10% or more of the Company’s revenues and its outstanding balance as of June 30, 2016 are presented as follows: Revenue Percentage of Accounts receivable Percentage of Customer A $ 1,480,073 75 % $ 1,267,274 86 % Customer B 368,162 19 % 214,221 14 % Total $ 1,848,235 $ 94 % $ 1,481,495 100 % All customers are located in the PRC. Major suppliers Supplier who accounted for 10% or more of the Company’s total purchases (materials and services) and its outstanding balance as of June 30, 2016, are presented as follows: Total Purchase Percentage of Accounts Percentage of Supplier A-related party $ 720,078 34 % $ 528,720 N/A Supplier B 452,807 22 % 416 , 54 % Total $ 1,172,885 56 % $ 945 , 54 % All suppliers of the Company are located in the PRC.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 10- INCOME TAXES The effective tax rate in the years presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rate. The Company operates in various countries: United States of America Hong Kong and the PRC that are subject to taxes in the jurisdictions in which they operate . United States of America The Company is registered in the State of Nevada and is subject to the tax laws of United States of America. The Company has shown losses since inception. As a result it has incurred no income tax. Under normal circumstances, the Internal Revenue Service is authorized to audit income tax returns during a three year period after the returns are filed. In unusual circumstances, the period may be longer. Tax returns for the years ended June 30, 2011 to 2014 were still exposed to audit as of June 30, 2016. The Company received a penalty assessment from the IRS in the amount of $10,000 for failure to provide information with respect to certain foreign owned US Corporations on Form 5472 - Information Return of a 25% Foreign Owned US Corporation for the tax period ended June 30, 2013. The Company disputed this claim and is working to reverse the penalty. The Company believes that the payment of this penalty is remote and did not accrue this liability as of June 30, 2016 and 2015. Hong Kong The Well Best is registered in Hong Kong and for the year ended June 30, 2016, there is no assessable income chargeable to profit tax in Hong Kong. The PRC The Company’s Chinese subsidiaries are subject to the Corporate Income Tax Law of the People’s Republic of China at a unified income tax rate of 25%. The reconciliation of income tax expense (benefit) at the U.S. statutory rate of 35% to the Company's effective tax provision is as follows: For the year ended June 30, 2016 2015 U.S. Statutory rate $ (13,746 ) $ (40,699 ) Tax rate difference between China and U.S. 4,046 - Change in Valuation Allowance 12,569 40,699 Expiration of net loss carryforward 2,289 - Effective tax provision $ 5,158 $ - The provisions for income taxes are summarized as follows: For the year ended June 30, 2016 2015 Current $ 28,008 $ - Deferred (22,850 ) - Total $ 5,158 $ - The tax effects of temporary differences that give rise to the Company’s net deferred tax assets are as follows: As of June 30, 2016 2015 Net operating loss carryforward $ 12,569 $ 66,665 Bad debt provision 18,731 - Others 4,119 - 35,419 66,665 Less valuation allowance (12,569 ) (66,665 ) Deferred tax assets $ 22,850 $ - Net operation loss carryforwards are On November 20, 2015, the Company’s former majority shareholder and chief executive officer, Locksley Samuels, sold his entire 21,600,000 shares of the Company’s common stock to Shining Glory Investments Limited which represented 65.45% of common stock outstanding and resigned from all positions with the Company. The Company terminated the business related to QI system and has shifted its focus to develop and sell lithium batteries. (see Note 1 and Note 4) Due to change of control and change of business activities, net loss carryforward of approximately $197,000 which was generated during the period before the termination of business related to QI system were expired. The Company has not provided deferred taxes on unremitted earnings attributable to international companies that have been considered to be reinvested indefinitely. Because of the availability of U.S. foreign tax credits, it is not practicable to determine the income tax liability that would be payable if such earnings were not indefinitely reinvested. In accordance with ASC Topic 740, interest associated with unrecognized tax benefits is classified as income tax and penalties are classified in selling, general and administrative expenses in the statements of operations. The extent of the Company’s operations involves dealing with uncertainties and judgments in the application of complex tax regulations in a multitude of jurisdictions. The final taxes paid are dependent upon many factors, including negotiations with taxing authorities in various jurisdictions and resolution of disputes arising from federal, state and international tax audits. The Company recognizes potential liabilities and records tax liabilities for anticipated tax audit issues in the United States and other tax jurisdictions based on its estimate of whether, and the extent to which, additional taxes will be due.

STOCKHOLDER'S EQUITY

STOCKHOLDER'S EQUITY	12 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
STOCKHOLDER'S EQUITY	NOTE 11 – STOCKHOLDERS’ EQUITY On November 30, 2015, the Company executed a 3:1 forward stock split. All relevant information relating to number of shares and per share information has been retrospectively adjusted to reflect this forward split for all period presented. On August 7, 2014, the shareholders of the Company approved an amendment to the Articles of Incorporation and Bylaws to change the number of the authorized capital of common stock from Two Hundred Million (200,000,000) to One Hundred Ninety Five Million (195,000,000), par value of $ 0.0001. The shareholders also approved the establishment of a Preferred Stock class with an authorized capital of Five Million (5,000,000), par value of $ 0.0001. On November 19, 2015, the Company received a letter of forgiveness from Magnum Group International Inc. (“Magnum”), a shareholder of the Company, whereby an aggregate amount of $184,085 which was the balance of due to Magnum as of November 19, 2015 was forgiven. The amount was recorded as additional paid in capital. On February 17, 2016, the Company entered into a subscription agreement with the Company’s major shareholder to sell 5,000,000 shares of preferred stock for $50,000 at $0.01 per share. No commissions were paid to any broker or third party for this transaction. The preferred shares are not entitled to any conversion rights, and ranks junior to holders of common stock to all indebtedness of the Company.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Jun. 30, 2016
Subsequent Event
SUBSEQUENT EVENT	NOTE 12– SUBSEQUENT EVENT On August 19, 2016, Well Best, a wholly-owned subsidiary of the Company entered into a share transfer agreement (the “Share Transfer Agreement”) whereby Well Best sold 100% of its equity interest in Taizhou Ionix, to Mr. GuoEn Li, the sole director and officer of Taizhou for 30,000 RMB (4,525 US$) (the “Sale”). Well Best was the sole shareholder of Taizhou. The Board approved and authorized the Sale, and instructed Well Best to enter into and execute the Share Transfer Agreement due to the fact that the Company believed that Taizhou’s manufacturing contract with Taizhou Jiunuojie Electronic Technology Limited to produce lithium batteries was not beneficial to the Company. As a result of the Sale, (i) Taizhou is no longer an indirect, wholly-owned subsidiary of the Company, and (ii) Mr. Li is no longer affiliated with the Company. The Share Transfer Agreement was filed as exhibit 10.2 to the Company’s current report on Form 8-K filed with the Commission on August 24, 2016.

RESTATEMENT

RESTATEMENT	12 Months Ended
	Jun. 30, 2016
Restatement
RESTATEMENT	NOTE 13– RESTATEMENT The management of the Company has concluded that we should restate our financial statements as of and for the year ended June 30, 2015. The conclusion was reached by management because they determined that (1) impairment of intangible assets was not properly valued as of June 30, 2015, (2) the license fee receivable and deferred revenue were improperly recorded as of June 30, 2015. The effect of the restatement on specific line items in the financial statements as of June 30, 2015 and for the year ended June 30, 2015 is set forth in the table below: Consolidated Balance Sheet as of June 30, 2015 Previously Reported Adjustments As Adjusted License fee receivable $ 60,000 $ (60,000 ) $ - Total current assets $ 60,691 $ (60,000 ) $ 691 Intangible asset $ 54,475 $ (54,475 ) $ - Total other assets $ 54,475 $ (54,475 ) $ - Deferred revenue $ 60,000 $ (60,000 ) $ - Total current liabilities $ 237,602 $ (60,000 ) $ 177,602 Accumulated deficit $ (135,997 ) $ (54,475 ) $ (190,472 ) Total stockholders’ deficit $ (122,436 ) $ (54,475 ) $ (176,911 ) Consolidated Statement of Comprehensive Loss for the Year Ended June 30, 2015 Previously Reported Adjustments As Adjusted Operating expenses $ 61,807 $ 54,475 $ 116,282 Loss before income tax $ (61,807 ) $ (54,475 ) $ (116,282 ) Net loss $ (61,807 ) $ (54,475 ) $ (116,282 ) Consolidated Statement of Stockholders' Equity (Deficit) for the Year Ended June 30, 2015 Previously Reported Adjustments As Adjusted Net loss $ (61,807 ) $ (54,475 ) $ (116,282 ) Total stockholders' deficit $ (122,436 ) $ (54,475 ) $ (176,911 )

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)	12 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The Company's consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Certain amounts have been reclassified to conform to current year presentation
Basis of consolidation	Basis of consolidation The consolidated financial statements include the financial statements of Ionix Technology Inc. and its subsidiaries, all of which are wholly owned. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.
Accounts receivable	Accounts receivable Accounts receivable are recorded at the invoiced amount and do not bear interest, which are due within contractual payment terms, generally 30 to 90 days from shipment. Credit is extended based on evaluation of a customer's financial condition, the customer’s credit-worthiness and their payment history. Accounts receivable outstanding longer than the contractual payment terms are considered past due. Past due balances over 90 days and over a specified amount are reviewed individually for collectability. At the end of each period, the Company specifically evaluates individual customer’s financial condition, credit history, and the current economic conditions to monitor the progress of the collection of accounts receivables. The Company will consider the allowance for doubtful accounts for any estimated losses resulting from the inability of its customers to make required payments. For the receivables that are past due or not being paid according to payment terms, the appropriate actions are taken to exhaust all means of collection, including seeking legal resolution in a court of law. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off-balance-sheet credit exposure related to its customers. Based on the evaluation, the Company has determined that $71,318 and Nil allowance for doubtful accounts is required as of June 3 0
Impairment of long-lived assets	Impairment of long-lived assets In accordance with the provisions of ASC Topic 360, “Impairment or Disposal of Long-Lived Assets”, all long-lived assets such as property, plant and equipment held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to its estimated future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amounts of the assets exceed the fair value of the assets. Based on the analysis, the Company recorded Nil and $74,475, which is reflected in discontinued operations in the statement of comprehensive loss of impairment on intangible assets for the years ended June 30, 2016 and 2015, respectively.
Revenue recognition	Revenue recognition In accordance with the ASC Topic 605, “Revenue Recognition”, the Company recognizes revenue when persuasive evidence of an arrangement exists, transfer of title has occurred or services have been rendered, the selling price is fixed or determinable and collectability is reasonably assured. The Company recognizes revenue from the sale of finished products upon delivery to the customer, whereas the title and risk of loss are fully transferred to the customers. The Company records its revenues, net of value added taxes (“VAT”). The Company is subject to VAT which is levied on the majority of the products at the rate of 17% on the invoiced value of sales.
Comprehensive income	Comprehensive income ASC Topic 220, “Comprehensive Income”, establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income as defined includes all changes in equity during a period from non-owner sources. Accumulated other comprehensive income, as presented in the accompanying consolidated statement of stockholders’ equity, consists of changes in unrealized gains and losses on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit.
Income taxes	Income taxes Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. As of June 30, 2016 and 2015, the Company did not have any significant unrecognized uncertain tax positions.
Net loss per share	Net loss per share The Company calculates net income per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income per share is computed by dividing the net income by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.
Foreign currencies translation	Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations. The reporting currency of the Company is the United States Dollar ("US$"). The Company's subsidiaries in the People’s Republic of China (“PRC”) maintain their books and records in their local currency, the Renminbi Yuan ("RMB"), which is the functional currency as being the primary currency of the economic environment in which these entities operate. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement ”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. Stockholders’ equity is translated at historical rates. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity. The exchange rates used to translate amounts in RMB into U.S. Dollars for the purposes of preparing the consolidated financial statements are as follows: June 30, 2016 Balance sheet items, except for equity accounts 6.6312 Items in statements of income and cash flows 6.3120 There were no foreign operations during the year ended June 30, 2015.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, accounts and retention receivable, prepayments and other receivables, accounts payable, income tax payable, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. Management believes, based on the current market prices or interest rates for similar debt instruments, the fair value of short-term bank borrowings and note payable approximate the carrying amount. Level 1: Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets; Level 2: Inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques (e.g. Black-Scholes Option-Pricing model) for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs; and Level 3: Inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques, including option pricing models and discounted cash flow models. Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.
Recent accounting pronouncements	Recent accounting pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers: Topic 606. This Update affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards. The guidance in this Update supersedes the revenue recognition requirements in Topic 605, Revenue Recognition and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to illustrate the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new guidance also includes a cohesive set of disclosure requirements that will provide users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from a reporting organization’s contracts with customers. This ASU is effective for fiscal years, and interim periods within those years beginning after December 15, 2016 for public companies and 2017 for non-public entities. Management is evaluating the effect, if any, on the Company’s financial position and results of operations.

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2016
Summary Of Significant Accounting Policies Tables
Schedule of Exchange Rates	June 30, 2016 Balance sheet items, except for equity accounts 6.6312 Items in statements of income and cash flows 6.3120

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Jun. 30, 2016
Discontinued Operations Tables
Schedule of Discontinued Operations	Years Ended June 30, 2016 2015 Revenue $ - $ - Cost of revenue - - Gross profit - - Selling, general and administrative expenses 6,539 116,282 Loss before income taxes (6,539 ) (116,282 ) Provision for income taxes - - Loss from discontinued operations $ (6,539 ) $ (116,282 )

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Jun. 30, 2016
Inventories Tables
Schedule of Inventories	As of June 30 , 2016 2015 Work-in-process $ 248,154 $ - Packaging materials 300 - $ 248,454 $ -

CONCENTRATION OF RISKS (Tables)

CONCENTRATION OF RISKS (Tables)	12 Months Ended
	Jun. 30, 2016
Concentration Of Risks Tables
Schedule of Concentration Risk	Major customers For the year ended June 30, 2016, customer who accounted for 10% or more of the Company’s revenues and its outstanding balance as of June 30, 2016 are presented as follows: Revenue Percentage of Accounts receivable Percentage of Customer A $ 1,480,073 75 % $ 1,267,274 86 % Customer B 368,162 19 % 214,221 14 % Total $ 1,848,235 $ 94 % $ 1,481,495 100 % All customers are located in the PRC. Major suppliers Supplier who accounted for 10% or more of the Company’s total purchases (materials and services) and its outstanding balance as of June 30, 2016, are presented as follows: Total Purchase Percentage of Accounts Percentage of Supplier A-related party $ 720,078 34 % $ 528,720 N/A Supplier B 452,807 22 % 416 , 54 % Total $ 1,172,885 56 % $ 945 , 54 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2016
Income Taxes Tables
Schedule of Reconciliation of Income Tax Expense	For the year ended June 30, 2016 2015 U.S. Statutory rate $ (13,746 ) $ (40,699 ) Tax rate difference between China and U.S. 4,046 - Change in Valuation Allowance 12,569 40,699 Expiration of net loss carryforward 2,289 - Effective tax provision $ 5,158 $ -
Schedule of Provisions for Income Taxes	For the year ended June 30, 2016 2015 Current $ 28,008 $ - Deferred (22,850 ) - Total $ 5,158 $ -
Schedule of Deferred Tax Assets	As of June 30, 2016 2015 Net operating loss carryforward $ 12,569 $ 66,665 Bad debt provision 18,731 - Others 4,119 - 35,419 66,665 Less valuation allowance (12,569 ) (66,665 ) Deferred tax assets $ 22,850 $ -

RESTATEMENT (Tables)

RESTATEMENT (Tables)	12 Months Ended
	Jun. 30, 2016
Restatement Tables
Schedule of Effect of Restatement	Consolidated Balance Sheet as of June 30, 2015 Previously Reported Adjustments As Adjusted License fee receivable $ 60,000 $ (60,000 ) $ - Total current assets $ 60,691 $ (60,000 ) $ 691 Intangible asset $ 54,475 $ (54,475 ) $ - Total other assets $ 54,475 $ (54,475 ) $ - Deferred revenue $ 60,000 $ (60,000 ) $ - Total current liabilities $ 237,602 $ (60,000 ) $ 177,602 Accumulated deficit $ (135,997 ) $ (54,475 ) $ (190,472 ) Total stockholders’ deficit $ (122,436 ) $ (54,475 ) $ (176,911 ) Consolidated Statement of Comprehensive Loss for the Year Ended June 30, 2015 Previously Reported Adjustments As Adjusted Operating expenses $ 61,807 $ 54,475 $ 116,282 Loss before income tax $ (61,807 ) $ (54,475 ) $ (116,282 ) Net loss $ (61,807 ) $ (54,475 ) $ (116,282 ) Consolidated Statement of Stockholders' Equity (Deficit) for the Year Ended June 30, 2015 Previously Reported Adjustments As Adjusted Net loss $ (61,807 ) $ (54,475 ) $ (116,282 ) Total stockholders' deficit $ (122,436 ) $ (54,475 ) $ (176,911 )

NATURE OF OPERATIONS (Details)

NATURE OF OPERATIONS (Details)	1 Months Ended			12 Months Ended
	Aug. 19, 2016	Nov. 30, 2015	Feb. 08, 2012	Jun. 30, 2016shares
License And Sublicense Agreements [Line Items]
Stock split		3
Licensing Agreement Quadra International [Member]
License And Sublicense Agreements [Line Items]
Duration of license agreement			25 years
Chief Executive Officer [Member]
License And Sublicense Agreements [Line Items]
Stock sold				21,600,000
Percentage of common stock outstanding				65.45%
Subsequent Event [Member]
License And Sublicense Agreements [Line Items]
Percentage of common stock outstanding	100.00%

GOING CONCERN (Details)

GOING CONCERN (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Going Concern Details
Accumulated deficit	$ (234,903)	$ (190,472)

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Allowance for doubtful accounts	$ 71,318	$ 0
Impairment of long-lived assets		$ 74,475
Value added tax rate	17.00%
Income and Cash Flow [Member]
Exchange rate	6.3120
Balance Sheet [Member]
Exchange rate	6.6312

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Discontinued Operations Details
Revenue
Cost of revenue
Gross profit
Selling, general and administrative expenses	6,539	116,282
Loss before income taxes	(6,539)	(116,282)
Provision for income taxes
Loss from discontinued operations	$ (6,539)	$ (116,282)

RESTRICTED CASH (Details)

RESTRICTED CASH (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Restricted Cash Details
Restricted cash	$ 194,836

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Inventories Details
Work-in-process	$ 248,154
Packaging materials	300
Total inventory	$ 248,454

BANK ACCEPTANCE BILLS (Details)

BANK ACCEPTANCE BILLS (Details) - Bank Acceptance Bills [Member]	12 Months Ended
	Jun. 30, 2016
Minimum [Member]
Maturity date	Nov. 20, 2016
Maximum [Member]
Maturity date	Dec. 6, 2016

DUE TO RELATED PARTIES (Details

DUE TO RELATED PARTIES (Details)	12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)	Jun. 30, 2015USD ($)	Jun. 30, 2016CNY (¥)
Related Party Transaction [Line Items]
Proceeds from related party advances	$ 1,185,655
Due to related parties	1,131,158
Forgiveness of stockholder loan	184,085
Majority Shareholder [Member] | Parent Company [Member]
Related Party Transaction [Line Items]
Proceeds from related party advances	15,771
Majority Shareholder [Member] | Well Best [Member]
Related Party Transaction [Line Items]
Proceeds from related party advances	37,740
Majority Shareholder [Member] | Taizhou Ionix [Member]
Related Party Transaction [Line Items]
Proceeds from related party advances	165,882
Majority Shareholder [Member] | Taizhou Ionix [Member] | China, Yuan Renminbi
Related Party Transaction [Line Items]
Proceeds from related party advances | ¥		¥ 1,100,000
General Manager [Member] | Taizhou Ionix [Member]
Related Party Transaction [Line Items]
Proceeds from related party advances	307,644
General Manager [Member] | Taizhou Ionix [Member] | China, Yuan Renminbi
Related Party Transaction [Line Items]
Proceeds from related party advances | ¥		¥ 2,040,050
Taizhou Jiunuojie [Member]
Related Party Transaction [Line Items]
Due to related parties	528,720
Manufacturing costs	$ 720,078
Manufacturing cost per unit	0.17	0.17
Annual rent	$ 1,900
Rent expense	$ 679
Taizhou Jiunuojie [Member] | China, Yuan Renminbi
Related Party Transaction [Line Items]
Due to related parties | ¥				¥ 3,506,047
Manufacturing cost per unit	1.1	1.1
Annual rent | ¥		¥ 12,000
President [Member]
Related Party Transaction [Line Items]
Proceeds from related party advances	$ 75,401
President [Member] | China, Yuan Renminbi
Related Party Transaction [Line Items]
Proceeds from related party advances | ¥		¥ 500,000

CONCENTRATION OF RISKS (Details

CONCENTRATION OF RISKS (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Revenues	$ 1,970,345
Accounts receivable	1,481,495
Accounts payable	774,029
Revenue [Member]
Revenues	$ 1,848,235
Concentration risk percentage	94.00%
Revenue [Member] | Customer A [Member]
Revenues	$ 1,480,073
Concentration risk percentage	75.00%
Revenue [Member] | Customer B [Member]
Revenues	$ 368,162
Concentration risk percentage	19.00%
Accounts Receivable [Member]
Accounts receivable	$ 1,481,495
Concentration risk percentage	100.00%
Accounts Receivable [Member] | Customer A [Member]
Accounts receivable	$ 1,267,274
Concentration risk percentage	86.00%
Accounts Receivable [Member] | Customer B [Member]
Accounts receivable	$ 214,221
Concentration risk percentage	14.00%
Purchases [Member]
Purchases	$ 1,172,885
Concentration risk percentage	56.00%
Purchases [Member] | Supplier A [Member]
Purchases	$ 720,078
Concentration risk percentage	34.00%
Purchases [Member] | Supplier B [Member]
Purchases	$ 452,807
Concentration risk percentage	22.00%
Accounts Payable [Member]
Accounts payable	$ 945,530
Concentration risk percentage	54.00%
Accounts Payable [Member] | Supplier A [Member]
Accounts payable	$ 528,720
Concentration risk percentage
Accounts Payable [Member] | Supplier B [Member]
Accounts payable	$ 416,810
Concentration risk percentage	54.00%

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Nov. 20, 2015
Penalty assessment	$ 10,000
Chief Executive Officer [Member]
Stock sold	21,600,000
Percentage of common stock outstanding	65.45%
Net operating loss carryforward expired		$ 197,000
UNITED STATES
Statutory rate	35.00%
CHINA
Statutory rate	25.00%
Minimum [Member]
Years exposed to audit	2,011
Maximum [Member]
Years exposed to audit	2,014

INCOME TAXES (Schedule of Recon

INCOME TAXES (Schedule of Reconciliation of Income Tax Expense) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Taxes Schedule Of Reconciliation Of Income Tax Expense Details
U.S. Statutory rate	$ (13,746)	$ (40,699)
Tax rate difference between China and U.S.	4,046
Change in Valuation Allowance	12,569	40,699
Expiration of net loss carryforward	2,289
Total	$ 5,158

INCOME TAXES (Schedule of Provi

INCOME TAXES (Schedule of Provisions for Income Taxes) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Taxes Schedule Of Provisions For Income Taxes Details
Current	$ 28,008
Deferred	(22,850)
Total	$ 5,158

INCOME TAXES (Schedule of Defer

INCOME TAXES (Schedule of Deferred Tax Assets) (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Income Taxes Schedule Of Deferred Tax Assets Details
Net operating loss carryforward	$ 12,569	$ 66,665
Bad debt provision	18,731
Others	4,119
Deferred tax assets, gross	35,419	66,665
Less valuation allowance	(12,569)	(66,665)
Deferred tax assets	$ 22,850

STOCKHOLDER'S EQUITY (Details)

STOCKHOLDER'S EQUITY (Details)	1 Months Ended		12 Months Ended
	Feb. 17, 2016USD ($)$ / sharesshares	Nov. 30, 2015	Jun. 30, 2016USD ($)$ / sharesshares	Jun. 30, 2015$ / sharesshares	Aug. 06, 2014$ / sharesshares
Related Party Transaction [Line Items]
Stock split		3
Common stock, authorized shares | shares			195,000,000	195,000,000	200,000,000
Common stock, par value | $ / shares			$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, authorized shares | shares			5,000,000	5,000,000
Preferred stock, par value | $ / shares			$ 0.0001	$ 0.0001
Forgiveness of stockholder loan | $			$ 184,085
Majority Shareholder [Member] | Preferred Stock [Member]
Related Party Transaction [Line Items]
Number of shares to be sold | shares	5,000,000
Proceeds from sale of stock | $	$ 50,000
Price per share | $ / shares	$ 0.01

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - Subsequent Event [Member]	1 Months Ended
	Aug. 19, 2016USD ($)	Aug. 19, 2016CNY (¥)
Percentage of common stock outstanding	100.00%	100.00%
Proceeds from share transfer agreement | $	$ 4,525
China, Yuan Renminbi
Proceeds from share transfer agreement | ¥		¥ 30,000

RESTATEMENT (Details)

RESTATEMENT (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
License fee receivable
Total current assets	$ 2,189,221	691
Intangible asset
Total other assets
Deferred revenue
Total current liabilities	2,176,123	177,602
Accumulated deficit	(234,903)	(190,472)
Total stockholders' deficit	13,098	(176,911)	$ (60,629)
Operating expenses	158,608
Loss before income tax		(116,282)
Net loss	$ (44,431)	(116,282)
Previously Reported [Member]
License fee receivable		60,000
Total current assets		60,691
Intangible asset		54,475
Total other assets		54,475
Deferred revenue		60,000
Total current liabilities		237,602
Accumulated deficit		(135,997)
Total stockholders' deficit		(122,436)
Operating expenses		61,807
Loss before income tax		(61,807)
Net loss		(61,807)
Adjustments [Member]
License fee receivable		(60,000)
Total current assets		(60,000)
Intangible asset		(54,475)
Total other assets		(54,475)
Deferred revenue		(60,000)
Total current liabilities		(60,000)
Accumulated deficit		(54,475)
Total stockholders' deficit		(54,475)
Operating expenses		54,475
Loss before income tax		(54,475)
Net loss		$ (54,475)