Ionix Technology (IINX) 10-Q 14 May 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2018	May 14, 2018
Entity Registrant Name	IONIX TECHNOLOGY, INC.
Entity Central Index Key	1,528,308
Document Type	10-Q
Trading Symbol	IINX
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,018
Common Stock [Member]
Entity Common Stock, Shares Outstanding		99,003,000
Preferred Stock [Member]
Entity Common Stock, Shares Outstanding		5,000,000

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Mar. 31, 2018	Jun. 30, 2017
Current Assets:
Cash	$ 370,362	$ 186,767
Accounts receivables	54,845	292,265
Inventory	157,566	53,163
Advances to suppliers - non-related parties	931	118,647
- related parties	243,883
Other receivables		147,615
Prepaid expenses and other current assets	22,371	10,755
Total Current Assets	849,958	809,212
Total Assets	849,958	809,212
Current Liabilities:
Accounts payable - non-related parties	221,673	96,378
Accounts payable - related parties	102,557	159,861
Advance from customers	108,930	72,476
Due to related parties	236,911	323,599
Accrued expenses and other current liabilities	53,786	94,844
Total Current Liabilities	723,857	747,158
COMMITMENT AND CONTINGENCIES
Stockholders' Equity:
Preferred stock, $.0001 par value, 5,000,000 shares authorized, 5,000,000 shares issued and outstanding	500	500
Common stock, $.0001 par value, 195,000,000 shares authorized, 99,003,000 shares issued and outstanding	9,900	9,900
Additional paid in capital	237,246	237,246
Accumulated deficit	(138,771)	(183,441)
Accumulated other comprehensive income (loss)	17,226	(2,151)
Total Stockholders' Equity	126,101	62,054
Total Liabilities and Stockholders' Equity	$ 849,958	$ 809,212

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Mar. 31, 2018	Jun. 30, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized shares	5,000,000	5,000,000
Preferred stock, issued	5,000,000	5,000,000
Preferred stock, outstanding	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized shares	195,000,000	195,000,000
Common stock, issued	99,003,000	99,003,000
Common stock, outstanding	99,003,000	99,003,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Revenues	$ 1,054,933	$ 2,007,592	$ 2,187,418	$ 4,132,408
Cost of revenues
Non-related parties	38,725	425,576	152,628	903,985
Related parties	906,924	1,482,896	1,785,595	2,978,415
Total Cost of Revenues	945,649	1,908,472	1,938,223	3,882,400
Gross profit	109,284	99,120	249,195	250,008
Operating expenses
Selling, general and administrative expense	57,927	66,128	188,955	258,971
Total operating expenses	57,927	66,128	188,955	258,971
Income (loss) from continuing operations before income tax	51,357	32,992	60,240	(8,963)
Income tax	6,197	2,250	15,570	3,687
Net income (loss) from continuing operations	45,160	30,742	44,670	(12,650)
Discontinued operations
Income (loss) from discontinued operations, net of tax		(14,688)		40,606
Loss from disposal of discontinued operations				(18,890)
Total income (loss) from discontinued operations		(14,688)		21,716
Net income	45,160	16,054	44,670	9,066
Other comprehensive income (loss)
Foreign currency translation adjustment	10,758	(5,079)	19,377	(3,061)
Comprehensive income	$ 55,918	$ 10,975	$ 64,047	$ 6,005
Income (Loss) Per Share
Basic and Diluted - continuing operation (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Basic and Diluted - discontinued operation (in dollars per share)	0	0	0	0
Total (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding - Basic and Diluted (in shares)	99,003,000	99,003,000	99,003,000	99,003,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ 44,670	$ 9,066
Net income from discontinued operation		21,716
Net income(loss) from continuing operation	44,670	(12,650)
Changes in operating assets and liabilities:
Accounts receivable	250,770	(60,863)
Inventory	(96,298)	(1,348,390)
Advances to suppliers - non-related parties	122,315	(375,120)
Advances to suppliers - related parties	(234,503)
Prepaid expenses	(10,570)	(4,066)
Accounts payable - non-related parties	113,062	106,129
Accounts payable - related parties	(67,397)	632,826
Advance from customers	29,477	118,749
Accrued expenses and other current liabilities	(44,979)	3,638
Net cash provided by (used in) continuing operation	106,547	(939,747)
Net cash used in discontinued operation		(57,281)
Net cash provided by (used in) operating activities	106,547	(997,028)
CASH FLOWS FROM INVESTING ACTIVITIES
Other receivables	153,292
Proceeds from disposal of subsidiary		5,000
Net cash provided by continuing operation	153,292	5,000
Net cash provided by discontinued operation
Net cash provided by investing activities	153,292	5,000
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from (repayment of) loans from related parties	(94,920)	974,778
Net cash provided by (used in) continuing operation	(94,920)	974,778
Net cash provided by discontinued operation		57,282
Net cash provided by (used in) financing activities	(94,920)	1,032,060
Effect of exchange rate changes on cash	18,676	2,708
Net increase (decrease) in cash	183,595	42,740
Cash, beginning of period	186,767	59,758
Cash, end of period	370,362	102,498
Supplemental disclosure of cash flow information:
Cash paid for income tax	10,484	5,074
Cash paid for interests

NATURE OF OPERATIONS

NATURE OF OPERATIONS	9 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1 - NATURE OF OPERATIONS Ionix Technology, Inc. (the “Company” or “Ionix”), formerly known as Cambridge Projects Inc., is a Nevada corporation that was formed on March 11, 2011. By and through its wholly owned subsidiaries in China, the Company sells the high-end intelligent electronic equipment, which includes portable power banks for electronic devices and LCD screens in China. On February 17, 2016, the Board ratified, approved, and authorized the Company, as the sole member of Well Best International Investment Limited (“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, Well Best sold 100% ownership of Taizhou Ionix to one of its directors. (See Note 4) 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. Xinyu Ionix started operation in August 2016 and focused on developing and designing lithium batteries as well as to act as an investment company that may acquire other businesses located in China. On April 30, 2017, Well Best sold 100% ownership of Xinyu Ionix to one of its directors. (See Note 4) 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 will act as a manufacturing base for the Company and has been focused on developing, producing and selling high-end intelligent electronic equipment, such as portable power banks. 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 will act as a manufacturing base for the Company and has been focused on development and production of the LCD monitors. On December 29, 2016, the Company’s Board of Directors approved and ratified to invest 99,999 HK dollars for 99.999% of the issued and outstanding stock of Welly Surplus International Limited (“Welly Surplus”), a limited company formed under the laws of Hong Kong on January 18, 2016. As a result of the investment, the Company became the majority shareholder of Welly Surplus, owning 99.999% of the outstanding stock of Welly Surplus, Mr. Xin Sui, a director, owns 0.001% of the outstanding stock of Welly Surplus. Welly Surplus will act as the accounting and financial base for the Company and shall focus on assisting the Company with all of the Company’s financial affairs. Welly Surplus had no operating activities from inception until the date of acquisition. On February 20, 2018, the Company’s Board of Directors approved and ratified the incorporation of Changchun Fangguan Photoelectric Display Technology Co. Ltd. (“Changchun”), a limited liability company formed in China on February 1, 2018. Well Best is the sole shareholder of Changchun. As a result, Changchun is an indirect, wholly-owned subsidiary of the Company. Changchun will act as a manufacturing base for the Company and shall focus on developing and producing high-end intelligent electronic equipment, such as LCD screens.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Mar. 31, 2018
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 had an accumulated deficit of $138,771 at March 31, 2018 and has not generated sufficient cash flow from its continuing operations for the past two years. 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 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 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	9 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and the results of operations and cash flows for the periods ended March 31, 2018 and 2017. 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 and nine months ended March 31, 2018 are not necessarily indicative of the results to be expected for any subsequent periods or for the entire year ending June 30, 2018 or for any subsequent periods. The balance sheet at June 30, 2017 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, 2017 as included in our Annual Report on Form 10-K as filed with the SEC on October 13, 2017. Certain amounts have been reclassified to conform to current year presentation Basis of consolidation The consolidated financial statements include the accounts of Ionix Technology Inc. and its subsidiaries. All significant inter-company balances and transactions have been eliminated upon consolidation. 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 comprehensive income (loss). 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: March 31, 2018 June 30, 2017 Balance sheet items, except for equity accounts 6.2726 6.7744 Nine Months Ended March 31, 2018 2017 Items in statements of comprehensive income (loss) and 6.5235 6.7537 Recent accounting pronouncements From time to time, new accounting pronouncements are issues by the Financial Accounting Standards Board or other standard bodies that may have an impact on the Company’s accounting and reporting. The Company believes that any recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations, and cash flows when implemented.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	NOTE 4 - DISCONTINUED OPERATIONS Taizhou Ionix On August 19, 2016, Well Best entered into a 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 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 Ionix 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 loss of $18,890 on disposal of Taizhou Ionix which was included in the loss from disposal of discontinued operations on statements of comprehensive income. The following table shows the result of operations of Taizhou Ionix for the period from July 1 to August 19, 2016 which are included in the income (loss) from discontinued operations: For the period from Revenue $ 173,005 Cost of revenue 152,465 Gross profit 20,540 Selling, general and administrative expenses 8,917 Income before income taxes 11,623 Provision for income taxes 2,906 Net income $ 8,717 Xinyu Ionix On April 30, 2017, Well Best, a wholly-owned subsidiary of the Company, sold 100% of its equity interest in Xinyu Ionix to Zhengfu Nan for RMB 100 (approximately $14USD) pursuant to a Share Transfer Agreement dated April 30, 2017 (the “Agreement”). The Company believed that the manufacturing contract between Xinyu Ionix and Jiangxi Huanming Technology Co., Ltd. regarding the production of lithium batteries was not beneficial to the Company. As a result, (i) Xinyu Ionix is no longer an indirect, wholly-owned subsidiary of the Company, and (ii) Mr. Nan is no longer affiliated with the Company. Well Best recorded a loss of $31,115 on disposal of Xinyu Ionix at the date of sale. The following table shows the results of operations of Xinyu Ionix for the three and nine months ended March 31, 2017, which are included in the income (loss) from discontinued operations: For the three months ended March 31, 2017 For the nine months ended Revenue $ - $ 849,523 Cost of revenue - 761,499 Gross profit - 88,024 Selling, general and administrative 14,688 32,994 Income (loss) before income taxes (14,688 ) 55,030 Provision for income taxes - 23,141 Net income (loss) $ (14,688 ) $ 31,889

INVENTORIES

INVENTORIES	9 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 5 - INVENTORIES Inventories are stated at the lower of cost (determined using the weighted average cost) or net realizable value and are composed of the raw materials and finished goods. Inventories consist of the following: March 31, June 30, 2017 Raw materials $ - $ 53,163 Finished goods 157,566 - Total inventories $ 157,566 $ 53,163

OTHER RECEIVABLES

OTHER RECEIVABLES	9 Months Ended
	Mar. 31, 2018
Other Receivables
OTHER RECEIVABLES	NOTE 6 - OTHER RECEIVABLES Other receivables represent short term advances to third parties. They are interest free, unsecured and repayable on demand. The balance of the other receivables as of June 30, 2017 was repaid in full in September 2017.

DUE TO RELATED PARTIES

DUE TO RELATED PARTIES	9 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
DUE TO RELATED PARTIES	NOTE 7 - DUE TO RELATED PARTIES Manufacture – related party On September 1, 2016, Baileqi entered into a manufacturing agreement with Shenzhen Baileqi Science and Technology Co., Ltd. (“Shenzhen Baileqi S&T”) to manufacture products for Baileqi. The owner of Shenzhen Baileqi S&T is also a shareholder of the Company who owns approximately 1.5% of the Company’s outstanding common stock as of March 31, 2018. The manufacturing costs incurred with Shenzhen Baileqi S&T was $276,043 and $152,560 for the nine months ended March 31, 2018 and 2017, respectively, and the amount of $233,970 and $141,170 respectively were included in cost of revenue. The manufacturing costs incurred with Shenzhen Baileqi S&T was zero and $44,342 for the three months ended March 31, 2018 and 2017, respectively, and the amount of $110,935 and $66,721 respectively were included in cost of revenue. Purchase from related party During the nine months ended March 31, 2018, the Company purchased $949,941 and $504,144 from Keenest and Shenzhen Baileqi S&T which were owned by the Company’s shareholders who own approximately 2% and 1.5% respectively of the Company’s outstanding common stock as of March 31, 2018. The amount of $949,941 and $504,108 were included in the cost of revenue. During the nine months ended March 31, 2017, the Company purchased $2,668,927 and $251,344 from Keenest and Shenzhen Baileqi S&T. The amount of $2,610,793 and $226,452 were included in the cost of revenue. During the three months ended March 31, 2018, the Company purchased $558,137 and $93,168 from Keenest and Shenzhen Baileqi S&T. The amount of $558,137 and $140,276 were included in the cost of revenue. During the three months ended March 31, 2017, the Company purchased $1,235,962 and $143,747 from Keenest and Shenzhen Baileqi S&T. The amount of $1,235,800 and $180,375 were included in the cost of revenue. During the three and nine months ended March 31, 2018, the Company also purchased $97,576 from Changchun Fangguan Electronic Science and Technology Co., Ltd. (“Fangguan S&T”). The legal representative of Fangguan S&T is the president and a member of the board of directors of Changchun. The amount of $97,576 was included in the cost of revenue. The Company made advances of $243,883 to Keenest for future purchases as of March 31, 2018. The trade balance payable to Shenzhen Baileqi S&T were $102,557 and $159,861 respectively as of March 31, 2018 and June 30, 2017. 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. Due to related parties consists of the following: March 31, June 30, Ben Wong (1) $ 143,792 $ 143,792 Yubao Liu (6) 49,966 - Changyong Yang (2) - 122,820 Xin Sui (3) 1,992 6,992 Baozhen Deng (4) 4,494 8,590 Shenzhen Baileqi S&T (5) 35,073 41,405 Jialin Liang (7) 1,594 - $ 236,911 $ 323,599 (1) Ben Wong was the controlling shareholder of Shinning Glory until April 20, 2017, which holds majority shares in Ionix Technology, Inc. (2) Changyong Yang is a stockholder of the Company, who owns approximately 2% of the Company’s outstanding common stock, and the owner of Keenest. (3) Xin Sui is a member of the board of directors of Welly Surplus. (4) Baozhen Deng is a stockholder of the Company, who owns approximately 1.5% of the Company’s outstanding common stock, and the owner of Shenzhen Baileqi S&T. (5) Shenzhen Baileqi S&T is a company established in China and 100% owned by Baozhen Deng, a stockholder of the Company. (6) Yubao Liu is the controlling shareholder of Shinning Glory since April 20, 2017, which holds majority shares in Ionix Technology, Inc. (7) Jialin Liang is the president and a member of the board of directors of Changchun. During the nine months ended March 31, 2018, Welly Surplus refunded $5,000 to Xin Sui. Baileqi Electronic refunded $9,274 and $4,599 to Shenzhen Baileqi S&T and Baozhen Deng. Lisite Science refunded $122,820 to Changyong Yang. During the nine months ended March 31, 2018, Yubao Liu advanced $49,966 to Well Best. During the nine months ended March 31, 2018, Jialin Liang advanced $1,594 to Changchun. During the nine months ended March 31, 2017, Ben Wong advanced $59,874 to Well Best and he received the proceeds of $5,000 from sales of Taizhou Ionix on behalf of the Company. Changyong Yang, a stockholder of the Company, advanced $898,546 to Lisite Science. Xin Sui, a member of the board of directors of Welly Surplus, advanced $6,992 to Welly Surplus.

CONCENTRATION

CONCENTRATION	9 Months Ended
	Mar. 31, 2018
Risks and Uncertainties [Abstract]
CONCENTRATION	NOTE 8 - CONCENTRATION Major customers Customers who accounted for 10% or more of the Company’s revenues for the nine months ended March 31, 2018 and 2017 respectively and its outstanding balance of accounts receivable as of March 31, 2018 and 2017 respectively are presented as follows: For the nine months ended March 31, 2018 As of March 31, 2018 Revenue Percentage of Accounts Percentage of Customer A $ 712,129 33 % $ - - % Customer B 298,513 14 % - - % Total $ 1,010,642 47 % $ - - % For the nine months ended March 31, 2017 As of March 31, 2017 Revenue Percentage of Accounts Percentage of Customer A $ 2,653,960 64 % $ 59,571 100 % Customer B 394,954 10 % - - % Total $ 3,048,914 74 % $ 59,571 100 % For the three months ended March 31, 2018 As of March 31, 2018 Revenue Percentage of Accounts Percentage of Customer A $ 606,122 58 % $ - - % Customer B 196,528 19 % - - % Total $ 802,650 77 % $ - - % For the three months ended March 31, 2017 As of March31, 2017 Revenue Percentage of Accounts Percentage of Customer A $ 1,274,914 64 % $ 59,571 100 % Customer B 394,954 20 % - - % Total $ 1,669,868 84 % $ 59,571 100 % All customers are located in the PRC. Major suppliers The suppliers who accounted for 10% or more of the Company’s total purchases (materials and services) for the nine months ended March 31, 2018 and 2017 respectively and its outstanding balance of accounts payable as of March 31, 2018 and 2017 respectively are presented as follows: For the nine months ended March 31, 2018 As of March 31, 2018 Total Purchase Percentage of Accounts Percentage of Supplier A-related party $ 780,187 38 % $ 102,557 32 % Supplier B-related party 949,941 47 % - - % Total $ 1,730,128 85 % $ 102,557 32 % For the nine months ended March 31, 2017 As of March 31, 2017 Total Percentage of Accounts Percentage of Supplier A-related party $ 2,668,927 51 % $ 577,741 80 % Total $ 2,668,927 51 % $ 577,741 80 % For the three months March 31, 2018 As of March 31, 2018 Total Percentage of Accounts Percentage of Supplier A-related party $ 558,137 66 % $ - - % Supplier B-related party 93,168 12 % 102,557 32 % Supplier C-related party 97,576 12 % - - % Total $ 748,881 90 % $ 102,557 32 % For the three months ended March 31, 2017 As of March 31, 2017 Total Percentage of Accounts Percentage of Supplier A-related party $ 1,235,962 60 % $ 577,741 80 % Total $ 1,235,962 60 % $ 577,741 80 % All suppliers of the Company are located in the PRC.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 9 - INCOME TAXES The effective tax rate in the periods 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 and after were still open to audit as of March 31, 2018. 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 March 31, 2018. Hong Kong The Well Best and Welly Surplus are registered in Hong Kong and subject to income tax rate of 16.5%. For the nine months ended March 31, 2018 and 2017, there is no assessable income chargeable to profit tax in Hong Kong. The PRC Lisite Science , Changchun and Baileqi Electronic are operating in the PRC and is 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 rates of 21% and 35% to the Company’s effective tax rate is as follows: For the nine months ended March 31 2018 2017 at 21% at 35% U.S. Statutory rate $ 12,650 $ (3,137 ) Tax rate difference between China and U.S. (8,114 ) (11,112 ) Change in Valuation Allowance 10,703 18,027 Permanent difference 331 (91 ) Effective tax rate $ 15,570 $ 3,687 The provisions for income taxes are summarized as follows: For the nine months ended March 31, 2018 2017 Current $ 15,570 $ 3,687 Deferred - - Total $ 15,570 $ 3,687 As of March 31, 2018, the Company has approximately $318,000 net operating loss carryforwards available in the U.S. and Hong Kong to reduce future taxable income which will begin to expire from 2035. It is more likely than not that the deferred tax assets cannot be utilized in the future because there will not be significant future earnings from the entity which generated the net operating loss. Therefore, the Company recorded a full valuation allowance on its deferred tax assets. 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. The U.S. Tax Cuts and Jobs Act (Tax Act) was enacted on December 22, 2017 and introduces significant changes to U.S. income tax law. Effective in 2018, the Tax Act reduces the U.S. statutory tax rate from 35% to 21% and creates new taxes on certain foreign-sourced earnings and certain related-party payments, which are referred to as the global intangible low-taxed income tax and the base erosion tax, respectively. The Tax Act requires the Company to pay U.S. income taxes on accumulated foreign subsidiary earnings not previously subject to U.S. income tax at a rate of 15.5% to the extent of foreign cash and certain other net current assets and 8% on the remaining earnings. Due to the timing of the enactment and the complexity involved in applying the provisions of the Tax Act, the Company has not recorded any adjustments according to Tax Act. As the Company collects and prepares necessary data, and interprets the Tax Act and any additional guidance issued by the U.S. Treasury Department, the IRS, and other standard-setting bodies, the Company may make adjustments to the provisional amounts. Those adjustments may materially impact the provision for income taxes and effective tax rate in the period in which the adjustments are made. The accounting for the tax effects of the Tax Act will be completed in 2018.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10 - SUBSEQUENT EVENTS The Company has evaluated the existence of significant events subsequent to the balance sheet date through the date the financial statements were issued and has determined that there were no subsequent events or transactions which would require recognition or disclosure in the financial statements.

SUMMARY OF SIGNIFICANT ACCOUN16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and the results of operations and cash flows for the periods ended March 31, 2018 and 2017. 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 and nine months ended March 31, 2018 are not necessarily indicative of the results to be expected for any subsequent periods or for the entire year ending June 30, 2018 or for any subsequent periods. The balance sheet at June 30, 2017 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, 2017 as included in our Annual Report on Form 10-K as filed with the SEC on October 13, 2017. Certain amounts have been reclassified to conform to current year presentation
Basis of consolidation	Basis of consolidation The consolidated financial statements include the accounts of Ionix Technology Inc. and its subsidiaries. All significant inter-company balances and transactions have been eliminated upon consolidation.
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 comprehensive income (loss). 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: March 31, 2018 June 30, 2017 Balance sheet items, except for equity accounts 6.2726 6.7744 Nine Months Ended March 31, 2018 2017 Items in statements of comprehensive income (loss) and 6.5235 6.7537
Recent accounting pronouncements	Recent accounting pronouncements From time to time, new accounting pronouncements are issues by the Financial Accounting Standards Board or other standard bodies that may have an impact on the Company’s accounting and reporting. The Company believes that any recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations, and cash flows when implemented.

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Schedule of exchange rates	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: March 31, 2018 June 30, 2017 Balance sheet items, except for equity accounts 6.2726 6.7744 Nine Months Ended March 31, 2018 2017 Items in statements of comprehensive income (loss) and 6.5235 6.7537

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Mar. 31, 2018
Taizhou Ionix [Member]
Schedule of discontinued operations	The following table shows the result of operations of Taizhou Ionix for the period from July 1 to August 19, 2016 which are included in the income (loss) from discontinued operations: For the period from Revenue $ 173,005 Cost of revenue 152,465 Gross profit 20,540 Selling, general and administrative expenses 8,917 Income before income taxes 11,623 Provision for income taxes 2,906 Net income $ 8,717
Xinyu Ionix [Member]
Schedule of discontinued operations	The following table shows the results of operations of Xinyu Ionix for the three and nine months ended March 31, 2017, which are included in the income (loss) from discontinued operations: For the three months ended March 31, 2017 For the nine months ended Revenue $ - $ 849,523 Cost of revenue - 761,499 Gross profit - 88,024 Selling, general and administrative 14,688 32,994 Income (loss) before income taxes (14,688 ) 55,030 Provision for income taxes - 23,141 Net income (loss) $ (14,688 ) $ 31,889

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consist of the following: March 31, June 30, 2017 Raw materials $ - $ 53,163 Finished goods 157,566 - Total inventories $ 157,566 $ 53,163

DUE TO RELATED PARTIES (Tables)

DUE TO RELATED PARTIES (Tables)	9 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Schedule of due to related parties	Due to related parties consists of the following: March 31, June 30, Ben Wong (1) $ 143,792 $ 143,792 Yubao Liu (6) 49,966 - Changyong Yang (2) - 122,820 Xin Sui (3) 1,992 6,992 Baozhen Deng (4) 4,494 8,590 Shenzhen Baileqi S&T (5) 35,073 41,405 Jialin Liang (7) 1,594 - $ 236,911 $ 323,599

CONCENTRATION (Tables)

CONCENTRATION (Tables)	9 Months Ended
	Mar. 31, 2018
Risks and Uncertainties [Abstract]
Schedule of concentration risk	Customers who accounted for 10% or more of the Company’s revenues for the nine months ended March 31, 2018 and 2017 respectively and its outstanding balance of accounts receivable as of March 31, 2018 and 2017 respectively are presented as follows: For the nine months ended March 31, 2018 As of March 31, 2018 Revenue Percentage of Accounts Percentage of Customer A $ 712,129 33 % $ - - % Customer B 298,513 14 % - - % Total $ 1,010,642 47 % $ - - % For the nine months ended March 31, 2017 As of March 31, 2017 Revenue Percentage of Accounts Percentage of Customer A $ 2,653,960 64 % $ 59,571 100 % Customer B 394,954 10 % - - % Total $ 3,048,914 74 % $ 59,571 100 % For the three months ended March 31, 2018 As of March 31, 2018 Revenue Percentage of Accounts Percentage of Customer A $ 606,122 58 % $ - - % Customer B 196,528 19 % - - % Total $ 802,650 77 % $ - - % For the three months ended March 31, 2017 As of March31, 2017 Revenue Percentage of Accounts Percentage of Customer A $ 1,274,914 64 % $ 59,571 100 % Customer B 394,954 20 % - - % Total $ 1,669,868 84 % $ 59,571 100 %
Schedule of major suppliers	The suppliers who accounted for 10% or more of the Company’s total purchases (materials and services) for the nine months ended March 31, 2018 and 2017 respectively and its outstanding balance of accounts payable as of March 31, 2018 and 2017 respectively are presented as follows: For the nine months ended March 31, 2018 As of March 31, 2018 Total Purchase Percentage of Accounts Percentage of Supplier A-related party $ 780,187 38 % $ 102,557 32 % Supplier B-related party 949,941 47 % - - % Total $ 1,730,128 85 % $ 102,557 32 % For the nine months ended March 31, 2017 As of March 31, 2017 Total Percentage of Accounts Percentage of Supplier A-related party $ 2,668,927 51 % $ 577,741 80 % Total $ 2,668,927 51 % $ 577,741 80 % For the three months March 31, 2018 As of March 31, 2018 Total Percentage of Accounts Percentage of Supplier A-related party $ 558,137 66 % $ - - % Supplier B-related party 93,168 12 % 102,557 32 % Supplier C-related party 97,576 12 % - - % Total $ 748,881 90 % $ 102,557 32 % For the three months ended March 31, 2017 As of March 31, 2017 Total Percentage of Accounts Percentage of Supplier A-related party $ 1,235,962 60 % $ 577,741 80 % Total $ 1,235,962 60 % $ 577,741 80 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of reconciliation of income tax expense	The reconciliation of income tax expense at the U.S. statutory rates of 21% and 35% to the Company’s effective tax rate is as follows: For the nine months ended March 31 2018 2017 at 21% at 35% U.S. Statutory rate $ 12,650 $ (3,137 ) Tax rate difference between China and U.S. (8,114 ) (11,112 ) Change in Valuation Allowance 10,703 18,027 Permanent difference 331 (91 ) Effective tax rate $ 15,570 $ 3,687
Schedule of provisions for income taxes	The provisions for income taxes are summarized as follows: For the nine months ended March 31, 2018 2017 Current $ 15,570 $ 3,687 Deferred - - Total $ 15,570 $ 3,687

NATURE OF OPERATIONS (Details)

NATURE OF OPERATIONS (Details) - HKD ($)	Dec. 29, 2016	Apr. 30, 2017	Aug. 19, 2016
Taizhou Ionix [Member]
Issued and outstanding stock acquired			100.00%
Xinyu Ionix [Member]
Issued and outstanding stock acquired		100.00%
Mr. GuoEn Li [Member] | Taizhou Ionix [Member]
Issued and outstanding stock acquired			100.00%
Mr. Zhengfu Nan [Member] | Xinyu Ionix [Member]
Issued and outstanding stock acquired		100.00%
Welly Surplus [Member]
Issued and outstanding stock acquired	99.999%
Welly Surplus [Member] | Director [Member]
Ownership percentage	0.001%
Welly Surplus [Member] | Hong Kong [Member]
Purchase price	$ 99,999

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Mar. 31, 2018	Jun. 30, 2017
Going Concern
Accumulated deficit	$ (138,771)	$ (183,441)

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Mar. 31, 2018	Jun. 30, 2017	Mar. 31, 2017
Income and Cash Flow [Member]
Exchange rate	6.5235		6.7537
Balance Sheet [Member]
Exchange rate	6.2726	6.7744

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) - USD ($)	2 Months Ended	3 Months Ended		9 Months Ended
	Aug. 19, 2016	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Net income (loss)			$ (14,688)		$ 21,716
Taizhou Ionix [Member]
Revenue	$ 173,005
Cost of revenue	152,465
Gross profit	20,540
Selling, general and administrative expenses	8,917
Income (loss) before income taxes	11,623
Provision for income taxes	2,906
Net income (loss)	$ 8,717
Xinyu Ionix [Member]
Revenue					849,523
Cost of revenue					761,499
Gross profit					88,024
Selling, general and administrative expenses			14,688		32,994
Income (loss) before income taxes			(14,688)		55,030
Provision for income taxes					23,141
Net income (loss)			$ (14,688)		$ 31,889

DISCONTINUED OPERATIONS (Deta27

DISCONTINUED OPERATIONS (Details Narrative)	Apr. 30, 2017USD ($)	Apr. 30, 2017CNY (¥)	Aug. 19, 2016USD ($)	Aug. 19, 2016CNY (¥)	Mar. 31, 2018USD ($)
Taizhou Ionix [Member]
Percentage of equity interests sold			100.00%	100.00%
Proceeds from sale of business			$ 5,000
Gain on sale of business					$ (18,890)
Xinyu Ionix [Member]
Percentage of equity interests sold	100.00%	100.00%
Proceeds from sale of business	$ 14
CNY [Member] | Taizhou Ionix [Member]
Proceeds from sale of business | ¥				¥ 30,000
CNY [Member] | Xinyu Ionix [Member]
Proceeds from sale of business | ¥		¥ 100

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Mar. 31, 2018	Jun. 30, 2017
Inventory Disclosure [Abstract]
Raw materials		$ 53,163
Finished goods	157,566
Total inventories	$ 157,566	$ 53,163

DUE TO RELATED PARTIES (Details

DUE TO RELATED PARTIES (Details) - USD ($)		Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017
Due to related parties		$ 236,911		$ 323,599
Ben Wong [Member]
Due to related parties	[1]	143,792		143,792
Yubao Liu [Member]
Due to related parties	[2]	49,966
Changyong Yang [Member]
Due to related parties	[3]			122,820
Xin Sui [Member]
Due to related parties	[4]	1,992		6,992
Baozhen Deng [Member]
Due to related parties	[5]	4,494		8,590
Shenzhen Baileqi S&T [Member]
Due to related parties	[6]	35,073		$ 41,405
Jialin Liang [Member]
Due to related parties	[7]	$ 1,594
[1]	Ben Wong was the controlling shareholder of Shinning Glory until April 20, 2017, which holds majority shares in Ionix Technology, Inc.
[2]	Yubao Liu is the controlling shareholder of Shinning Glory since April 20, 2017, which holds majority shares in Ionix Technology, Inc.
[3]	Changyong Yang is a stockholder of the Company, who owns approximately 2% of the Company's outstanding common stock, and the owner of Keenest.
[4]	Xin Sui is a member of the board of directors of Welly Surplus.
[5]	Baozhen Deng is a stockholder of the Company, who owns approximately 1.5% of the Company's outstanding common stock, and the owner of Shenzhen Baileqi S&T.
[6]	Shenzhen Baileqi S&T is a company established in China and 100% owned by Baozhen Deng, a stockholder of the Company.
[7]	Jialin Liang is the president and a member of the board of directors of Changchun.

DUE TO RELATED PARTIES (Detai30

DUE TO RELATED PARTIES (Details Narrative) - USD ($)	Aug. 19, 2016	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Related Party Transaction [Line Items]
Advances from related parties				$ (94,920)	$ 974,778
Taizhou Ionix [Member]
Related Party Transaction [Line Items]
Proceeds from sale of business	$ 5,000
Well Best [Member] | Taizhou Ionix [Member]
Related Party Transaction [Line Items]
Proceeds from sale of business					5,000
Xin Sui [Member] | Welly Surplus [Member]
Related Party Transaction [Line Items]
Advances from related parties				$ 5,000
Shenzhen Baileqi S&T [Member]
Related Party Transaction [Line Items]
Ownership percentage		1.50%		1.50%
Due to related parties		$ 102,557		$ 102,557		$ 159,861
Purchases from related party		93,168	$ 143,747	504,144	251,344
Cost of revenue - purchases related party		140,276	180,375	504,108	226,452
Manufacturing costs		0	44,342	276,043	152,560
Cost of revenue - manufacturing related party		$ 110,935	66,721	233,970	141,170
Shenzhen Baileqi S&T [Member] | Baileqi Electronic [Member]
Related Party Transaction [Line Items]
Advances from related parties				9,274
Baozhen Deng [Member] | Welly Surplus [Member]
Related Party Transaction [Line Items]
Advances from related parties					6,992
Baozhen Deng [Member] | Baileqi Electronic [Member]
Related Party Transaction [Line Items]
Advances from related parties				4,599
Changyong Yang [Member] | Lisite Science [Member]
Related Party Transaction [Line Items]
Advances from related parties				122,820	898,546
Yubao Liu [Member] | Well Best [Member]
Related Party Transaction [Line Items]
Advances from related parties				$ 49,966
Jialin Liang [Member] | Changchun [Member]
Related Party Transaction [Line Items]
Advances from related parties					1,594
Ben Wong [Member] | Well Best [Member]
Related Party Transaction [Line Items]
Advances from related parties					59,874
Keenest [Member]
Related Party Transaction [Line Items]
Ownership percentage		2.00%		2.00%
Purchases from related party				$ 949,941	2,668,927
Cost of revenue - purchases related party		$ 558,137	$ 1,235,800	949,941	$ 2,610,793
Advances from related parties				243,883
Changchun Fangguan Electronic Science and Technology Co., Ltd [Member]
Related Party Transaction [Line Items]
Purchases from related party		97,576		97,576
Cost of revenue - purchases related party		$ 97,576		$ 97,576

CONCENTRATION (Details)

CONCENTRATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Revenues	$ 1,054,933	$ 2,007,592	$ 2,187,418	$ 4,132,408
Accounts receivables	54,845		54,845		$ 292,265
Accounts payable	221,673		221,673		$ 96,378
Revenue [Member]
Revenues	$ 802,650	$ 1,669,868	$ 1,010,642	$ 3,048,914
Concentration risk percentage	77.00%	84.00%	47.00%	74.00%
Revenue [Member] | Customer A [Member]
Revenues	$ 606,122	$ 1,274,914	$ 712,129	$ 2,653,960
Concentration risk percentage	58.00%	64.00%	33.00%	64.00%
Revenue [Member] | Customer B [Member]
Revenues	$ 196,528	$ 394,954	$ 298,513	$ 394,954
Concentration risk percentage	19.00%	20.00%	14.00%	10.00%
Accounts Receivable [Member]
Accounts receivables		$ 59,571		$ 59,571
Concentration risk percentage		100.00%		100.00%
Accounts Receivable [Member] | Customer A [Member]
Accounts receivables		$ 59,571		$ 59,571
Concentration risk percentage		100.00%		100.00%
Accounts Receivable [Member] | Customer B [Member]
Accounts receivables
Concentration risk percentage
Purchases [Member]
Total Purchase	$ 748,881	$ 1,235,962	$ 1,730,128	$ 2,668,927
Concentration risk percentage	90.00%	60.00%	85.00%	51.00%
Purchases [Member] | Supplier A [Member]
Total Purchase	$ 558,137	$ 1,235,962	$ 780,187	$ 2,668,927
Concentration risk percentage	66.00%	60.00%	38.00%	51.00%
Purchases [Member] | Supplier B [Member]
Total Purchase	$ 93,168		$ 949,941
Concentration risk percentage	12.00%		47.00%
Purchases [Member] | Supplier C [Member]
Total Purchase	$ 97,576
Concentration risk percentage	12.00%
Accounts Payable [Member]
Accounts payable	$ 102,557	$ 577,741	$ 102,557	$ 577,741
Concentration risk percentage	32.00%	80.00%	32.00%	80.00%
Accounts Payable [Member] | Supplier A [Member]
Accounts payable	$ 102,557	$ 577,741	$ 102,557	$ 577,741
Concentration risk percentage	32.00%	80.00%	32.00%	80.00%
Accounts Payable [Member] | Supplier B [Member]
Accounts payable
Concentration risk percentage
Accounts Payable [Member] | Supplier C [Member]
Concentration risk percentage

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
U.S. Statutory rate			$ 12,650	$ (3,137)
Tax rate difference between China and U.S.			(8,114)	(11,112)
Change in Valuation Allowance			10,703	18,027
Permanent difference			331	(91)
Total	$ 6,197	$ 2,250	$ 15,570	$ 3,687

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Current			$ 15,570	$ 3,687
Deferred
Total	$ 6,197	$ 2,250	$ 15,570	$ 3,687

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	9 Months Ended
	Mar. 31, 2018USD ($)
Penalty assessment	$ 10,000
Statutory rate	35.00%
Revised statutory rate	21.00%
Operating loss carryforwards	$ 318,000
Expiration year	2,035
Description of income tax rate on foreign subsidiary	The Tax Act requires the Company to pay U.S. income taxes on accumulated foreign subsidiary earnings not previously subject to U.S. income tax at a rate of 15.5% to the extent of foreign cash and certain other net current assets and 8% on the remaining earnings.
Inland Revenue, Hong Kong [Member]
Foreign income tax rate	16.50%
CHINA
Foreign income tax rate	25.00%
UNITED STATES
Foreign income tax rate	25.00%