Ionix Technology (IINX) 10-Q/A 23 Mar 17 2017 Q1 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2016	Nov. 10, 2016
Document And Entity Information [Abstract]
Document Type	10-Q/A
Amendment Flag	true
Amendment Description	EXPLANATORY NOTE Ionix Technology, Inc. is filing this Amendment No. 1 on Form 10-Q/A for the period ended September 30, 2016, to amend and restate financial statements and other financial information on the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2016, as filed with the Securities and Exchange Commission (the “SEC”) on November 14, 2016 (the “Original Filing”). The purpose of this Amendment No. 1 on Form 10-Q/A is to account for the financial performance of two of the Company’s operating subsidiaries that were not originally accounted for in the initial filing of form 10Q. For convenience and ease of reference, the Company is filing this Form 10-Q/A in its entirety with all applicable changes and unless otherwise stated, all information contained in this amendment is as of November 14, 2016, the filing date of the Original Filing. Except as stated herein, this Form 10-Q/A does not reflect events or transactions occurring after such filing date or modify or update those disclosures in the original Form 10-Q that may have been affected by events or transactions occurring subsequent to such filing date.
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
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

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2016	Jun. 30, 2016
Current Asset:
Cash	$ 205,306	$ 59,758
Advances to suppliers	234,236
Account receivables	34,725
Inventory	373,357
Due from a related party	913,380
Prepaid expenses and other current assets	59,559	103
Current asset of discontinued operation		2,129,360
Total current assets	1,820,563	2,189,221
Total Assets	1,820,563	2,189,221
Current Liabilities:
Accounts payable - non-related parties	674,955
Accounts payable - related parties	109,436
Advance from customers	465,097
Due to related parties	470,324	53,510
Accrued expenses and other current liabilities	81,489	9,080
Current liability of discontinued operation		2,113,533
Total Current Liabilities	1,801,301	2,176,123
COMMITMENT AND CONTINGENCIES
Stockholders' Equity:
Preferred stock, 5,000,000 shares authorized, $.0001 par value; 5,000,000 shares issued and outstanding	500	500
Common stock, 195,000,000 shares authorized, $.0001 par value; 99,003,000 shares issued and outstanding	9,900	9,900
Additional paid in capital	261,610	237,246
Accumulated deficit	(252,611)	(234,903)
Accumulated other comprehensive income (loss)	(137)	355
Total stockholders' equity	19,262	13,098
Total Liabilities and Stockholders' Equity	$ 1,820,563	$ 2,189,221

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2016	Jun. 30, 2016
Statement of Financial Position [Abstract]
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	5,000,000
Preferred stock, shares outstanding	5,000,000	5,000,000
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

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Revenues	$ 887,259
Cost of revenues - Non-related parties	781,227
Cost of revenues - Related parties	13,906
Gross profit	92,126
Expenses:
General and administrative	55,643
Total operating expenses	55,643
Net loss from continuing operations before income tax	36,483
Income tax	19,092
Net income from continuing operations	17,391
Loss from discontinued operation	(35,099)	(4,742)
Net loss	(17,708)	(4,742)
Other comprehensive income
Foreign currency translation adjustment	492
Comprehensive loss	$ (17,216)	$ (4,742)
Loss Per Share -
Basic and Diluted - continuing operation
Basic and Diluted - discontinued operation
Total Loss per share
Weighted average number of common shares outstanding - Basic and Diluted	99,003,000	99,003,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATIONS:
Net loss	$ (17,708)	$ (4,742)
Net loss from discontinued operation	(35,099)	(4,742)
Net loss from continuing operation	17,391
Changes in assets and liabilities:
Increases in account receivable	(34,826)
Increases in advance to suppliers	(234,919)
Increases in inventory	(374,446)
Increases in prepaid expense	(59,620)
Increases in accounts payable	786,679
Increase in advance from customers	466,452
Increase in accrued expense and other current liabilities	72,620
Net cash provided by continuing operation	639,331
Net cash used in discontined operation		(5,242)
Net cash provided by (used in) operating activities	639,331	(5,242)
CASH FLOW FROM INVESTING ACTIVITIES
Payment to a related party	(916,044)
Net cash used in continuing operation	(916,044)
Net cash used in discontinued operation
Net cash used in investing activities	(916,044)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related parties	423,043
Net cash provided by continuing operation	423,043
Net cash provided by discontinued operation		5,200
Net cash provided by financing activities	423,043	5,200
Effect of exchange rate changes on cash and cash equivalents	(782)
Net increase (decrease) in cash	145,548	(42)
Cash balance, beginning of period	59,758	691
Cash balance, end of period	205,306	649
Supplemental disclosure of cash flow information:
Cash paid for income tax
Cash paid for interests

NATURE OF OPERATIONS

NATURE OF OPERATIONS	3 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1- NATURE OF OPERATIONS Ionix Technology, Inc. (the “Company”), formerly known as Cambridge Projects Inc., is a Nevada corporation that was formed on March 11, 2011. On May 19, 2016, the Company, as the sole member of Well Best International Investment Limited (“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. On November 7, 2016, the Company’s Board of Directors approved and ratified the incorporation of Lisite Science Technology (Shenzhen) Co., Ltd (“Lisite Science”), a limited liability company formed in China on June 20, 2016. Well Best is the sole shareholder of Lisite Science. As a result, Lisite Science is an indirect, wholly-owned subsidiary of the Company. Lisite Science acts as a manufacturing base for the Company and shall focus on developing, producing and selling power banks in China. It commenced its operation in September 2016. On November 7, 2016, the Company’s Board of Directors approved and ratified the incorporation of Shenzhen Baileqi Electronic Technology Co., Ltd. (“Baileqi Electronic”), a limited liability company formed in China on August 8, 2016. Well Best is the sole shareholder of Baileqi Electronic. As a result, Baileqi Electronic is an indirect, wholly-owned subsidiary of the Company. Baileqi Electronic acts as a manufacturing base for the Company and shall focus on development, production and sale of the LCD and module for civil electronic products.It commenced its operation in September 2016.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Sep. 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 from its operations and had an accumulated deficit of $252,611 at September 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	3 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 –SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of September 30, 2016 and the results of operations and cash flows for the periods ended September 30, 2016 and 2015. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results for the three months ended September 30, 2016 are not necessarily indicative of the results to be expected for any subsequent periods or for the entire year ending June 30, 2017 or for any subsequent periods. The balance sheet at June 30, 2016 has been derived from the audited financial statements at that date. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission's rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended June 30, 2016 as included in our Annual Report on Form 10-K as filed with the SEC on October 11, 2016. Certain amounts have been reclassified to conform to current year presentation 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. 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. 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: September 30, Balance sheet items, except for equity accounts 6.6700 Items in statements of income and cash flows 6.6506 There were no foreign operations during the three months ended September 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. The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” ("ASC 820-10"), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: 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.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
	Sep. 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 fiscal quarters ended September 30, 2016 and 2015 which are included in the loss from discontinued operations for the termination of QI System: For the three months ended on 2016 2015 Revenue $ - $ - Cost of revenue - - Gross profit - - Selling, general and administrative expenses - 4,742 Loss before income taxes - ( 4,742 ) Provision for income taxes - - Net loss $ - $ ( 4,742 ) On August 19, 2016, Well Best entered into a share transfer agreement whereby Well Best sold 100% of its equity interest in Taizhou Ionix Technology Co. Ltd. (“Taizhou Ionix”) to Mr. GuoEn Li, the sole director and officer of Taizhou Ionix for approximately RMB 30,000 (approximately $5,000USD). Well Best was the sole shareholder of Taizhou Ionix. The Company believed that the manufacturing contract between Taizhou Ionix and Taizhou Jiunuojie Electronic Technology Limited regarding the production of lithium batteries was not beneficial to the Company. As a result, (i) Taizhou is no longer an indirect, wholly-owned subsidiary of the Company, and (ii) Mr. Li is no longer affiliated with the Company. Well Best recorded a gain of $24,364 on disposal of Taizhou Ionix which was recorded in the account of additional paid in capital. The following table shows the results of operations for the three months ended September 30, 2016 and 2015 which are included in the loss from discontinued operations for the disposal of Taizhou Ionix: For the period from For the three months Revenue $ 502,003 $ - Cost of revenue (505,401 ) - Gross profit (Loss) (3,389 ) - Selling, general and administrative expenses 31,701 - Loss before income taxes (35,099 ) - Provision for income taxes - - Net Loss $ (35,099 ) $ -

INVENTORIES

INVENTORIES	3 Months Ended
	Sep. 30, 2016
Inventories
INVENTORIES	NOTE 5-INVENTORIES Inventories are stated at the lower of cost (determined using the weighted average cost) or market value and are composed of the following: September 30 , 2016 2015 Raw materials 186,752 Finished goods 186,605 - $ 373,357 $ -

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND BALANCES	3 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS AND BALANCES	NOTE 6- RELATED PARTY TRANSACTIONS AND BALANCES Purchase from related party During the three month ended September 30, 2016, the Company purchased $109,436 from a related company which was owned by the Company’s shareholder who owns approximately 2% of the Company’s outstanding common stock as of September 30, 2016. The amount of $13,906 was included in cost of revenue. The trade payable to the related party was $109,436 as of September 30, 2016. Due to / from related parties Due from a related party represents advances to Mr . . From October 1 to November 7, 2016, Mr. Nan made payments to suppliers of Xinyu Ionix for approximately RMB 3,000,000 (approximately $450,000) for settlement of account payable on behalf of Xinyu Ionix. The repayment of the unpaid balance of approximately $460,000 was guaranteed by Mr. Ben Wong who is the sole owner of the Company’s major shareholder, Shining Glory Investments Limited. 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. During the three months ended September30, 2016, Ben Wong advanced $577 to Well Best and he received the proceeds of $5,000 from sales of Taizhou Ionix on behalf of the Company. Changyong Yang (a shareholder of the Company) advanced $358,156 to Lisite Science. Baozhen Deng (a shareholder of the Company) advanced $63,080 to Baileqi Electronic.

CONCENTRATION OF RISKS

CONCENTRATION OF RISKS	3 Months Ended
	Sep. 30, 2016
Concentration Of Risks
CONCENTRATION OF RISKS	NOTE 7 – CONCENTRATION OF RISKS Major customers For the quarter ended September30, 2016, customer who accounted for 10% or more of the Company’s revenues and its outstanding balance as of September30, 2016 are presented as follows: Revenue Percentage of total Accounts Percentage of Customer A $ 694,049 78 % $ - - % Customer B 150,060 17 % $ - - % Total $ 844,109 $ 95 % $ - - % 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 September30, 2016, are presented as follows: Total Purchase Percentage of Accounts payable Percentage of Supplier A $ 417,669 53 % $ 195,809 29 % Supplier B 323,761 40 % 150,759 22 % Total $ 741,430 93 % $ 346,568 51 % All suppliers of the Company are located in the PRC.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 8- 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, as follows: 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 September 30, 2016 and 2015. Hong Kong The Well Best is registered in Hong Kong and for the three months ended September30, 2016, there is no assessable income chargeable to profit tax in Hong Kong. The PRC The Company’s subsidiaries in China 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 at the U.S. statutory rate of 35% to the Company's effective tax rate is as follows: For the three months ended September30, 2016 2015 U.S. Statutory rate $ 485 $ (1,660 ) Tax rate difference between 5,428 - Change in Valuation Allowance 13,180 1,660 Effective tax rate $ 19,092 $ - The provisions for income taxes For three months ended September 30, 2016 2015 Current $ 19,092 $ - Deferred - - Total $ 19,092 $ - 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	3 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
STOCKHOLDER'S EQUITY	NOTE 9– STOCKHOLDERS’ EQUITY On August 19, 2016, Well Best sold 100% of its ownership in Taizhou Ionix to Mr. GuoEn Li, the sole director and officer of Taizhou Ionix for RMB30,000 (approximately $5,000) and recorded a gain of $24,364 which was recorded in the account of additional paid in capital. See Note 4 for more details.

RESTATEMENT

RESTATEMENT	3 Months Ended
	Sep. 30, 2016
Restatement
RESTATEMENT	NOTE 1 0 The management of the Company has concluded that we should restate our financial statements as of and for the quarter ended September 30, 2015 due to the restatement of the year ended on June 30, 2015. The effect of the restatement on specific line items in the consolidated financial statements for the three months ended September 30, 2015 is set forth in the table below: Consolidated Statement of Comprehensive Loss for the three months Ended September30, 2015 Previously Reported Adjustments As Restated Operating expenses $ 7,491 (2,749 ) $ 4,742 Loss before income tax $ (7,491 ) $ 2,749 $ (4,742 ) Net loss $ (7,491 ) $ 2,749 $ (4,742 ) The Company formed two indirectly owned subsidiaries in China. Lisite Science Technology (Shenzhen) Co., Ltd. (“Lisite Science”) was formed in June 20, 2016 and Shenzhen Baileqi Electronic Technology Co., Ltd. (“Baileqi electronic”) was formed in August 8, 2016. Both companies started operation in September 2016. Well Best International Investment Limited is the sole shareholder of both companies. The management inadvertently did not include the financial statements of Lisite Science and Baileqi Electronic in the consolidated financial statements in the form 10 - Subsequent to the filing of 10 - Q for the three months ended September 30, 2016, the management of the Company has concluded that we should restate our consolidated financial statements for the quarter ended September 30, 2016 due to the fact that the Company needs to incorporate the accounts of Baileqi Electronic and Lisite Science in the consolidated financial statements as both companies commenced operation in September 2016. The effect of the restatement on specific line items in the consolidated financial stements as of and for the three months ended September 30, 2016 is set forth in the table below: Previously Adjustments As Restated ASSETS Current Asset: Cash $ 17,630 $ 187,676 $ 205,306 Advances to suppliers - 234,236 234,236 Account receivables - 34,725 34,725 Inventory 40,685 332,672 373,357 Due from related parties 913,380 - 913,380 Prepaid expenses and other current assets 9,286 50,273 59,559 Total current assets 980,981 839,582 1,820,563 Total Assets $ 980,981 $ 839,582 $ 1,820,563 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts payable- non-related parties $ 545,212 $ 129,743 $ 674,955 - related parties - 109,436 109,436 Advance from customers 286,292 178,805 465,097 Due to related parties 49,088 421,236 470,324 Accrued expenses and other current liabilities 71,626 9,863 81,489 Total Current Liabilities 952,218 849,083 1,801,301 Stockholders’ Equity : Preferred stock,5,000,000 shares authorized, $.0001 par value; 5,000,000 shares issued and 500 - 500 Common stock, 195,000,000 00 shares authorized, $.0001 par value; 99,003,000 shares issued and outstanding 9,900 - 9,900 Additional paid in capital 261,610 - 261,610 Accumulated deficit (243,082 ) (9,529 ) (252,611 ) Accumulated other comprehensive income (loss) (165 ) 28 (137 ) Total stockholders’ equity 28,763 (9,501 ) 19,262 Total Liabilities and Stockholders’ Equity $ 980,981 $ 839,582 $ 1,820,563 Previously Adjustments As Restated Revenue $ 844,109 $ 43,150 $ 887,259 Cost of revenue- Non-related parties 756,570 24,657 781,227 -Related parties - 13,906 13,906 Gross profit 87,539 4,587 92,126 Selling, general and administrative expenses 41,710 13,933 55,643 Income before income taxes 45,829 (9,346 ) 36,483 Provision for income taxes 18,909 183 19,092 Net income from continuing operations $ 26,920 $ (9,529 ) $ 17,391 Previously Adjustments As Restated CASH FLOWS FROM OPERATIONS: Net loss $ (8,179 ) $ (9,529 ) $ (17,708 ) Net loss from discontinued operation (35,099 ) - (35,099 ) Net income from continuing operation 26,920 (9,529 ) 17,391 Changes in assets and liabilities: - Increases in account receivable - (34,826 ) (34,826 ) Increases in advance to suppliers - (234,919 ) (234,919 ) Increases in inventory (40,804 ) (333,642 ) (374,446 ) Increases in prepaid expense (9,183 ) (50,437 ) (59,620 ) Increases in accounts payable 546,852 239,827 786,679 Increase in advance from customers 287,127 179,325 466,452 Increase in accrued expense and other current liabilities 62,664 9,956 72,620 Net cash provided by continuing operating activities 873,576 (234,245 ) 639,331 Net cash provided by discontinued operating activities - - - Net cash provided by operating activities 873,576 (234,245 ) 639,331 CASH FLOWS FROM INVESTING ACTIVITIES Payment to a related party (916,044 ) - (916,044 ) Net cash used in continuing operation (916,044 ) - (916,044 ) Net cash provided by discontinued operation - - - Net cash used in investing activities (916,044 ) - (916,044 ) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from related parties 577 422,466 423,043 Net cash provided by continuing operation 577 422,466 423,043 Net cash provided by discontinued operation - - - Net cash provided by financing activities 577 422,466 423,043 Effect of exchange rate changes on cash and cash equivalents (237 ) (545 ) (782 ) Net increase ( decrease ) in cash (42,128 ) 187,676 145,548 Cash balance, beginning of period 59,758 - 59,758 Cash balance, end of period $ 17,630 $ 187,676 $ 205,306

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2016
Subsequent Events
SUBSEQUENT EVENTS	NOTE 11- SUBSEQUENT EVENTS The Company has evaluated subsequent events that have occurred after the date of the balance sheet through the date of issuance of these consolidated financial statements and determined that no subsequent event requires recognition or disclosure to the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)	3 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of September 30, 2016 and the results of operations and cash flows for the periods ended September 30, 2016 and 2015. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results for the three months ended September 30, 2016 are not necessarily indicative of the results to be expected for any subsequent periods or for the entire year ending June 30, 2017 or for any subsequent periods. The balance sheet at June 30, 2016 has been derived from the audited financial statements at that date. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission's rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended June 30, 2016 as included in our Annual Report on Form 10-K as filed with the SEC on October 11, 2016. Certain amounts have been reclassified to conform to current year presentation
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.
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.
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: September 30, Balance sheet items, except for equity accounts 6.6700 Items in statements of income and cash flows 6.6506 There were no foreign operations during the three months ended September 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. The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” ("ASC 820-10"), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: 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.

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Sep. 30, 2016
Summary Of Significant Accounting Policies Tables
Schedule of Exchange Rates	September 30, Balance sheet items, except for equity accounts 6.6700 Items in statements of income and cash flows 6.6506

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Sep. 30, 2016
QI System [Member]
Schedule of Discontinued Operations	For the three months ended on 2016 2015 Revenue $ - $ - Cost of revenue - - Gross profit - - Selling, general and administrative expenses - 4,742 Loss before income taxes - ( 4,742 ) Provision for income taxes - - Net loss $ - $ ( 4,742 )
Taizhou Ionix [Member]
Schedule of Discontinued Operations	For the period from For the three months Revenue $ 502,003 $ - Cost of revenue (505,401 ) - Gross profit (Loss) (3,389 ) - Selling, general and administrative expenses 31,701 - Loss before income taxes (35,099 ) - Provision for income taxes - - Net Loss $ (35,099 ) $ -

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Sep. 30, 2016
Inventories Tables
Schedule of Inventories	September 30 , 2016 2015 Raw materials 186,752 Finished goods 186,605 - $ 373,357 $ -

CONCENTRATION OF RISKS (Tables)

CONCENTRATION OF RISKS (Tables)	3 Months Ended
	Sep. 30, 2016
Concentration Of Risks Tables
Schedule of Concentration Risk	Major customers For the quarter ended September30, 2016, customer who accounted for 10% or more of the Company’s revenues and its outstanding balance as of September30, 2016 are presented as follows: Revenue Percentage of total Accounts Percentage of Customer A $ 694,049 78 % $ - - % Customer B 150,060 17 % $ - - % Total $ 844,109 $ 95 % $ - - % 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 September30, 2016, are presented as follows: Total Purchase Percentage of Accounts payable Percentage of Supplier A $ 417,669 53 % $ 195,809 29 % Supplier B 323,761 40 % 150,759 22 % Total $ 741,430 93 % $ 346,568 51 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Sep. 30, 2016
Income Taxes Tables
Schedule of Reconciliation of Income Tax Expense	For the three months ended September30, 2016 2015 U.S. Statutory rate $ 485 $ (1,660 ) Tax rate difference between 5,428 - Change in Valuation Allowance 13,180 1,660 Effective tax rate $ 19,092 $ -
Schedule of Provisions for Income Taxes	The provisions for income taxes For three months ended September 30, 2016 2015 Current $ 19,092 $ - Deferred - - Total $ 19,092 $ -

RESTATEMENT (Tables)

RESTATEMENT (Tables)	3 Months Ended
	Sep. 30, 2016
Restatement Tables
Schedule of Effect of Restatement	The effect of the restatement on specific line items in the consolidated financial statements for the three months ended September 30, 2015 is set forth in the table below: Consolidated Statement of Comprehensive Loss for the three months Ended September30, 2015 Previously Reported Adjustments As Restated Operating expenses $ 7,491 (2,749 ) $ 4,742 Loss before income tax $ (7,491 ) $ 2,749 $ (4,742 ) Net loss $ (7,491 ) $ 2,749 $ (4,742 ) The Company formed two indirectly owned subsidiaries in China. Lisite Science Technology (Shenzhen) Co., Ltd. (“Lisite Science”) was formed in June 20, 2016 and Shenzhen Baileqi Electronic Technology Co., Ltd. (“Baileqi electronic”) was formed in August 8, 2016. Both companies started operation in September 2016. Well Best International Investment Limited is the sole shareholder of both companies. The management inadvertently did not include the financial statements of Lisite Science and Baileqi Electronic in the consolidated financial statements in the form 10 - Subsequent to the filing of 10 - Q for the three months ended September 30, 2016, the management of the Company has concluded that we should restate our consolidated financial statements for the quarter ended September 30, 2016 due to the fact that the Company needs to incorporate the accounts of Baileqi Electronic and Lisite Science in the consolidated financial statements as both companies commenced operation in September 2016. The effect of the restatement on specific line items in the consolidated financial stements as of and for the three months ended September 30, 2016 is set forth in the table below: Previously Adjustments As Restated ASSETS Current Asset: Cash $ 17,630 $ 187,676 $ 205,306 Advances to suppliers - 234,236 234,236 Account receivables - 34,725 34,725 Inventory 40,685 332,672 373,357 Due from related parties 913,380 - 913,380 Prepaid expenses and other current assets 9,286 50,273 59,559 Total current assets 980,981 839,582 1,820,563 Total Assets $ 980,981 $ 839,582 $ 1,820,563 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts payable- non-related parties $ 545,212 $ 129,743 $ 674,955 - related parties - 109,436 109,436 Advance from customers 286,292 178,805 465,097 Due to related parties 49,088 421,236 470,324 Accrued expenses and other current liabilities 71,626 9,863 81,489 Total Current Liabilities 952,218 849,083 1,801,301 Stockholders’ Equity : Preferred stock,5,000,000 shares authorized, $.0001 par value; 5,000,000 shares issued and 500 - 500 Common stock, 195,000,000 00 shares authorized, $.0001 par value; 99,003,000 shares issued and outstanding 9,900 - 9,900 Additional paid in capital 261,610 - 261,610 Accumulated deficit (243,082 ) (9,529 ) (252,611 ) Accumulated other comprehensive income (loss) (165 ) 28 (137 ) Total stockholders’ equity 28,763 (9,501 ) 19,262 Total Liabilities and Stockholders’ Equity $ 980,981 $ 839,582 $ 1,820,563 Previously Adjustments As Restated Revenue $ 844,109 $ 43,150 $ 887,259 Cost of revenue- Non-related parties 756,570 24,657 781,227 -Related parties - 13,906 13,906 Gross profit 87,539 4,587 92,126 Selling, general and administrative expenses 41,710 13,933 55,643 Income before income taxes 45,829 (9,346 ) 36,483 Provision for income taxes 18,909 183 19,092 Net income from continuing operations $ 26,920 $ (9,529 ) $ 17,391 Previously Adjustments As Restated CASH FLOWS FROM OPERATIONS: Net loss $ (8,179 ) $ (9,529 ) $ (17,708 ) Net loss from discontinued operation (35,099 ) - (35,099 ) Net income from continuing operation 26,920 (9,529 ) 17,391 Changes in assets and liabilities: - Increases in account receivable - (34,826 ) (34,826 ) Increases in advance to suppliers - (234,919 ) (234,919 ) Increases in inventory (40,804 ) (333,642 ) (374,446 ) Increases in prepaid expense (9,183 ) (50,437 ) (59,620 ) Increases in accounts payable 546,852 239,827 786,679 Increase in advance from customers 287,127 179,325 466,452 Increase in accrued expense and other current liabilities 62,664 9,956 72,620 Net cash provided by continuing operating activities 873,576 (234,245 ) 639,331 Net cash provided by discontinued operating activities - - - Net cash provided by operating activities 873,576 (234,245 ) 639,331 CASH FLOWS FROM INVESTING ACTIVITIES Payment to a related party (916,044 ) - (916,044 ) Net cash used in continuing operation (916,044 ) - (916,044 ) Net cash provided by discontinued operation - - - Net cash used in investing activities (916,044 ) - (916,044 ) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from related parties 577 422,466 423,043 Net cash provided by continuing operation 577 422,466 423,043 Net cash provided by discontinued operation - - - Net cash provided by financing activities 577 422,466 423,043 Effect of exchange rate changes on cash and cash equivalents (237 ) (545 ) (782 ) Net increase ( decrease ) in cash (42,128 ) 187,676 145,548 Cash balance, beginning of period 59,758 - 59,758 Cash balance, end of period $ 17,630 $ 187,676 $ 205,306

GOING CONCERN (Details)

GOING CONCERN (Details) - USD ($)	Sep. 30, 2016	Jun. 30, 2016
Going Concern Details
Accumulated deficit	$ (252,611)	$ (234,903)

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended
	Sep. 30, 2016
Value added tax rate	17.00%
Income and Cash Flow [Member]
Exchange rate	6.6506
Balance Sheet [Member]
Exchange rate	6.6700

DISCONTINUED OPERATIONS (Narrat

DISCONTINUED OPERATIONS (Narrative) (Details) - Taizhou Ionix [Member]	2 Months Ended
	Aug. 19, 2016USD ($)	Aug. 19, 2016CNY (¥)
Percentage of equity interests sold	100.00%	100.00%
Proceeds from sale of business	$ 5,000
Gain on sale of business	$ 24,364
China, Yuan Renminbi
Proceeds from sale of business | ¥		¥ 30,000

DISCONTINUED OPERATIONS (Schedu

DISCONTINUED OPERATIONS (Schedule of Discontinued Operations) (Details) - USD ($)	2 Months Ended	3 Months Ended
	Aug. 19, 2016	Sep. 30, 2016	Sep. 30, 2015
Net Loss		$ (35,099)	$ (4,742)
QI System [Member]
Revenue
Cost of revenue
Gross profit (Loss)
Selling, general and administrative expenses			4,742
Loss before income taxes			(4,742)
Provision for income taxes
Net Loss			(4,742)
Taizhou Ionix [Member]
Revenue	$ 502,003
Cost of revenue	(505,401)
Gross profit (Loss)	(3,389)
Selling, general and administrative expenses	31,701
Loss before income taxes	(35,099)
Provision for income taxes
Net Loss	$ (35,099)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 2015
Inventories Details
Raw materials	$ 186,752
Finished goods	186,605
Total inventory	$ 373,357

RELATED PARTY TRANSACTIONS AN29

RELATED PARTY TRANSACTIONS AND BALANCES (Details)	1 Months Ended		3 Months Ended
	Nov. 07, 2016USD ($)	Nov. 07, 2016CNY (¥)	Sep. 30, 2016USD ($)	Sep. 30, 2016CNY (¥)	Sep. 30, 2015USD ($)
Related Party Transaction [Line Items]
Cost of revenues - Related parties			$ 13,906
General Manager [Member] | Xinyu Ionix [Member]
Related Party Transaction [Line Items]
Advances to related parties			913,380
General Manager [Member] | Xinyu Ionix [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Payments to suppliers on behalf of related parties	$ 450,000
General Manager [Member] | Xinyu Ionix [Member] | China, Yuan Renminbi
Related Party Transaction [Line Items]
Advances to related parties | ¥				¥ 6,092,243
General Manager [Member] | Xinyu Ionix [Member] | China, Yuan Renminbi | Subsequent Event [Member]
Related Party Transaction [Line Items]
Payments to suppliers on behalf of related parties | ¥		¥ 3,000,000
Majority Shareholder [Member]
Related Party Transaction [Line Items]
Due to related parties			109,436
Purchase from related party			$ 109,436
Ownership percentage			2.00%
Cost of revenues - Related parties			$ 13,906
Majority Shareholder [Member] | Shinning Glory [Member]
Related Party Transaction [Line Items]
Advances to related parties			577
Proceeds from sale of business			5,000
Due to related parties			460,000
Changyong Yang [Member]
Related Party Transaction [Line Items]
Advances to related parties			358,156
Baozhen Dang [Member]
Related Party Transaction [Line Items]
Advances to related parties			$ 63,080

CONCENTRATION OF RISKS (Details

CONCENTRATION OF RISKS (Details) - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016
Revenues	$ 887,259
Accounts payable	674,955
Accounts receivable	34,725
Purchases [Member]
Purchases	$ 741,430
Concentration risk percentage	93.00%
Revenue [Member]
Revenues	$ 844,109
Concentration risk percentage	95.00%
Revenue [Member] | Customer A [Member]
Revenues	$ 694,049
Concentration risk percentage	78.00%
Revenue [Member] | Customer B [Member]
Revenues	$ 150,060
Concentration risk percentage	17.00%
Accounts Payable [Member]
Accounts payable	$ 346,568
Concentration risk percentage	51.00%
Accounts Payable [Member] | Supplier A [Member]
Accounts payable	$ 195,809
Concentration risk percentage	29.00%
Accounts Payable [Member] | Supplier A [Member] | Purchases [Member]
Purchases	$ 417,669
Concentration risk percentage	53.00%
Accounts Payable [Member] | Supplier B [Member]
Accounts payable	$ 150,759
Concentration risk percentage	22.00%
Accounts Payable [Member] | Supplier B [Member] | Purchases [Member]
Purchases	$ 323,761
Concentration risk percentage	40.00%
Accounts Receivable [Member]
Accounts receivable
Concentration risk percentage
Accounts Receivable [Member] | Customer A [Member]
Accounts receivable
Concentration risk percentage
Accounts Receivable [Member] | Customer B [Member]
Accounts receivable
Concentration risk percentage

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details)	3 Months Ended
	Sep. 30, 2016USD ($)
Penalty assessment	$ 10,000
CHINA
Statutory rate	25.00%
UNITED STATES
Statutory rate	35.00%
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 ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Income Taxes Schedule Of Reconciliation Of Income Tax Expense Details
U.S. Statutory rate	$ 485	$ (1,660)
Tax rate difference between China and U.S.	5,428
Change in Valuation Allowance	13,180	1,660
Total	$ 19,092

INCOME TAXES (Schedule of Provi

INCOME TAXES (Schedule of Provisions for Income Taxes) (Details) - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Income Taxes Schedule Of Provisions For Income Taxes Details
Current	$ 19,092
Deferred
Total	$ 19,092

STOCKHOLDER'S EQUITY (Details)

STOCKHOLDER'S EQUITY (Details) - Taizhou Ionix [Member]	2 Months Ended
	Aug. 19, 2016USD ($)	Aug. 19, 2016CNY (¥)
Related Party Transaction [Line Items]
Percentage of equity interests sold	100.00%	100.00%
Proceeds from sale of business	$ 5,000
Gain on sale of business	$ 24,364
China, Yuan Renminbi
Related Party Transaction [Line Items]
Proceeds from sale of business | ¥		¥ 30,000

RESTATEMENT (Effect on Specific

RESTATEMENT (Effect on Specific Line Items) (Details) - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating expenses	$ 55,643
Net loss	(17,708)	(4,742)
Previously Reported [Member]
Operating expenses		7,491
Loss before income tax		(7,491)
Net loss	(8,179)	(7,491)
Adjustments [Member]
Operating expenses		(2,749)
Loss before income tax		2,749
Net loss	$ (9,529)	2,749
As Adjusted [Member]
Operating expenses		4,742
Loss before income tax		(4,742)
Net loss		$ (4,742)

RESTATEMENT (CONSOLIDATED BALAN

RESTATEMENT (CONSOLIDATED BALANCE SHEETS) (Details) - USD ($)	Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 2015	Jun. 30, 2015
Current Asset:
Cash	$ 205,306	$ 59,758	$ 649	$ 691
Advances to suppliers	234,236
Account receivables	34,725
Inventory	373,357
Due from a related party	913,380
Prepaid expenses and other current assets	59,559	103
Total current assets	1,820,563	2,189,221
Total Assets	1,820,563	2,189,221
Current Liabilities:
Accounts payable - non-related parties	674,955
Accounts payable - related parties	109,436
Advance from customers	465,097
Due to related parties	470,324	53,510
Accrued expenses and other current liabilities	81,489	9,080
Total Current Liabilities	1,801,301	2,176,123
Stockholders' Equity:
Preferred stock, 5,000,000 shares authorized, $.0001 par value; 5,000,000 shares issued and outstanding	500	500
Common stock, 195,000,000 shares authorized, $.0001 par value; 99,003,000 shares issued and outstanding	9,900	9,900
Additional paid in capital	261,610	237,246
Accumulated deficit	(252,611)	(234,903)
Accumulated other comprehensive income (loss)	(137)	355
Total Ionix Technology, Inc. stockholders' equity	19,262	13,098
Total Liabilities and Stockholders' Equity	1,820,563	2,189,221
Previously Reported [Member]
Current Asset:
Cash	17,630	59,758
Advances to suppliers
Account receivables
Inventory	40,685
Due from a related party	913,380
Prepaid expenses and other current assets	9,286
Total current assets	980,981
Total Assets	980,981
Current Liabilities:
Accounts payable - non-related parties	545,212
Accounts payable - related parties
Advance from customers	286,292
Due to related parties	49,088
Accrued expenses and other current liabilities	71,626
Total Current Liabilities	952,218
Stockholders' Equity:
Preferred stock, 5,000,000 shares authorized, $.0001 par value; 5,000,000 shares issued and outstanding	500
Common stock, 195,000,000 shares authorized, $.0001 par value; 99,003,000 shares issued and outstanding	9,900
Additional paid in capital	261,610
Accumulated deficit	(243,082)
Accumulated other comprehensive income (loss)	(165)
Total Ionix Technology, Inc. stockholders' equity	28,763
Total Liabilities and Stockholders' Equity	980,981
Adjustments [Member]
Current Asset:
Cash	187,676
Advances to suppliers	234,236
Account receivables	34,725
Inventory	332,672
Due from a related party
Prepaid expenses and other current assets	50,273
Total current assets	839,582
Total Assets	839,582
Current Liabilities:
Accounts payable - non-related parties	129,743
Accounts payable - related parties	109,436
Advance from customers	178,805
Due to related parties	421,236
Accrued expenses and other current liabilities	9,863
Total Current Liabilities	849,083
Stockholders' Equity:
Preferred stock, 5,000,000 shares authorized, $.0001 par value; 5,000,000 shares issued and outstanding
Common stock, 195,000,000 shares authorized, $.0001 par value; 99,003,000 shares issued and outstanding
Additional paid in capital
Accumulated deficit	(9,529)
Accumulated other comprehensive income (loss)	28
Total Ionix Technology, Inc. stockholders' equity	(9,501)
Total Liabilities and Stockholders' Equity	$ 839,582

RESTATEMENT (CONSOLIDATED STATE

RESTATEMENT (CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS) (Details) - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Revenues	$ 887,259
Cost of revenues - Non-related parties	781,227
Cost of revenues - Related parties	13,906
Gross profit	92,126
General and administrative	55,643
Net loss from continuing operations before income tax	36,483
Income tax	19,092
Net income from continuing operations	17,391
Previously Reported [Member]
Revenues	844,109
Cost of revenues - Non-related parties	756,570
Cost of revenues - Related parties
Gross profit	87,539
General and administrative	41,710
Net loss from continuing operations before income tax	45,829
Income tax	18,909
Net income from continuing operations	26,920
Adjustments [Member]
Revenues	43,150
Cost of revenues - Non-related parties	24,657
Cost of revenues - Related parties	13,906
Gross profit	4,587
General and administrative	13,933
Net loss from continuing operations before income tax	(9,346)
Income tax	183
Net income from continuing operations	$ (9,529)

RESTATEMENT (STATEMENTS OF CASH

RESTATEMENT (STATEMENTS OF CASH FLOWS) (Details) - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATIONS:
Net loss	$ (17,708)	$ (4,742)
Net loss from discontinued operation	(35,099)	(4,742)
Net loss from continuing operation	17,391
Changes in assets and liabilities:
Increases in account receivable	(34,826)
Increases in advance to suppliers	(234,919)
Increases in inventory	(374,446)
Increases in prepaid expense	(59,620)
Increases in accounts payable	786,679
Increase in advance from customers	466,452
Increase in accrued expense and other current liabilities	72,620
Net cash provided by continuing operation	639,331
Net cash used in discontined operation		(5,242)
Net cash provided by (used in) operating activities	639,331	(5,242)
CASH FLOW FROM INVESTING ACTIVITIES
Payment to a related party	(916,044)
Net cash used in continuing operation	(916,044)
Net cash used in discontinued operation
Net cash used in investing activities	(916,044)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related parties	423,043
Net cash provided by continuing operation	423,043
Net cash provided by discontinued operation		5,200
Net cash provided by financing activities	423,043	5,200
Effect of exchange rate changes on cash and cash equivalents	(782)
Net increase (decrease) in cash	145,548	(42)
Cash balance, beginning of period	59,758	691
Cash balance, end of period	205,306	649
Previously Reported [Member]
CASH FLOWS FROM OPERATIONS:
Net loss	(8,179)	(7,491)
Net loss from discontinued operation	(35,099)
Net loss from continuing operation	26,920
Changes in assets and liabilities:
Increases in account receivable
Increases in advance to suppliers
Increases in inventory	(40,804)
Increases in prepaid expense	(9,183)
Increases in accounts payable	546,852
Increase in advance from customers	287,127
Increase in accrued expense and other current liabilities	62,664
Net cash provided by continuing operation	873,576
Net cash used in discontined operation
Net cash provided by (used in) operating activities	873,576
CASH FLOW FROM INVESTING ACTIVITIES
Payment to a related party	(916,044)
Net cash used in continuing operation	(916,044)
Net cash used in discontinued operation
Net cash used in investing activities	(916,044)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related parties	577
Net cash provided by continuing operation	577
Net cash provided by discontinued operation
Net cash provided by financing activities	577
Effect of exchange rate changes on cash and cash equivalents	(237)
Net increase (decrease) in cash	(42,128)
Cash balance, beginning of period	59,758
Cash balance, end of period	17,630
Adjustments [Member]
CASH FLOWS FROM OPERATIONS:
Net loss	(9,529)	$ 2,749
Net loss from discontinued operation
Net loss from continuing operation	(9,529)
Changes in assets and liabilities:
Increases in account receivable	(34,826)
Increases in advance to suppliers	(234,919)
Increases in inventory	(333,642)
Increases in prepaid expense	(50,437)
Increases in accounts payable	239,827
Increase in advance from customers	179,325
Increase in accrued expense and other current liabilities	9,956
Net cash provided by continuing operation	(234,245)
Net cash used in discontined operation
Net cash provided by (used in) operating activities	(234,245)
CASH FLOW FROM INVESTING ACTIVITIES
Payment to a related party
Net cash used in continuing operation
Net cash used in discontinued operation
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related parties	422,466
Net cash provided by continuing operation	422,466
Net cash provided by discontinued operation
Net cash provided by financing activities	422,466
Effect of exchange rate changes on cash and cash equivalents	(545)
Net increase (decrease) in cash	187,676
Cash balance, beginning of period
Cash balance, end of period	$ 187,676