Datasea (DTSS) S-1/A20 Nov 18IPO registration (amended)Financial data

Company Profile

Document and Entity Information

Document and Entity Information	3 Months Ended
Document and Entity Information	Sep. 30, 2018
Document And Entity Information
Entity Registrant Name	DATASEA INC.
Entity Central Index Key	1,631,282
Document Type	S-1/A
Trading Symbol	DTSS
Document Period End Date	Sep. 30, 2018
Amendment Flag	true
Amendment Description	<font style="font: 10pt Times New Roman, Times, Serif"><b>CALCULATION OF REGISTRATION FEE</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; text-align: center; white-space: nowrap"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Title of each class of securities </b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>to be registered </b></font></p></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount to be </b><br /><b>registered (1)(2)</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b>Proposed </b><br /><b>maximum</b><br /><b>aggregate</b><br /><b>offering </b><br /><b>price per </b><br /><b>share</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b>Proposed </b><br /><b>maximum </b><br /><b>aggregate </b><br /><b>offering </b><br /><b>price (1)(2)</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount of </b><br /><b>registration</b><br /><b>fee</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="width: 48%"><font style="font: 10pt Times New Roman, Times, Serif">Common Stock, par value $0.001 per share <sup>(2)(3)</sup></font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">1,667,500</font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">4.00</font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">6,670,000</font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">830.42</font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Underwriter Warrants <sup>(4)</sup></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Common Stock underlying Underwriter Warrants<sup>(4)</sup></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">101,500</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">6.00</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">609,000</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">75.82</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Total <sup>(5)</sup></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,769,000</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7,279,000</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">906.24</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="text-align: left; width: 98%"><font style="font: 10pt Times New Roman, Times, Serif">Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(o) under the Securities Act of 1933, as amended.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Includes 217,500 shares of common stock which may be issued on exercise of a 45-day option granted to the underwriters to cover over-allotments, if any.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">(3)</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">In accordance with Rule 416(a), the registrant is also registering an indeterminate number of additional common stocks that shall be issuable pursuant to Rule 416 to prevent dilution resulting from share splits, share dividends or similar transactions.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">(4)</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">We have agreed to issue, on the closing date of this offering, warrants to the representative of the underwriters, ViewTrade Securities, Inc., in an amount equal to 7% of the aggregate number of shares of common stock sold by us in this offering. The exercise price of the underwriter warrants is equal to 150% of the price of our common stock offered hereby. The underwriter warrants are exercisable for a period of five years from the effective date of this Registration Statement.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">(5)</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Previously paid.</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"><b>The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to Section 8(a) may determine.</b></font></p>" id="sjs-B10"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>CALCULATION OF REGISTRATION FEE</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; text-align: center; white-space: nowrap"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Title of each class of securities </b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>to be registered </b></font></p></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount to be </b><br /><b>registered (1)(2)</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b>Proposed </b><br /><b>maximum</b><br /><b>aggregate</b><br /><b>offering </b><br /><b>price per </b><br /><b>share</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b>Proposed </b><br /><b>maximum </b><br /><b>aggregate </b><br /><b>offering </b><br /><b>price (1)(2)</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount of </b><br /><b>registration</b><br /><b>fee</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold; white-space: nowrap"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="width: 48%"><font style="font: 10pt Times New Roman, Times, Serif">Common Stock, par value $0.001 per share  <sup>(2)(3)</sup></font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">1,667,500</font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">4.00</font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">6,670,000</font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; width: 10%"><font style="font: 10pt Times New Roman, Times, Serif">830.42</font></td> <td style="text-align: left; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Underwriter Warrants <sup>(4)</sup></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Common Stock underlying Underwriter Warrants<sup>(4)</sup></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">101,500</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">6.00</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">609,000</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">75.82</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white; vertical-align: bottom"> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Total <sup>(5)</sup></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,769,000</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">7,279,000</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">906.24</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 2%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="text-align: left; width: 98%"><font style="font: 10pt Times New Roman, Times, Serif">Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(o) under the Securities Act of 1933, as amended.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Includes 217,500 shares of common stock which may be issued on exercise of a 45-day option granted to the underwriters to cover over-allotments, if any.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">(3)</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">In accordance with Rule 416(a), the registrant is also registering an indeterminate number of additional common stocks that shall be issuable pursuant to Rule 416 to prevent dilution resulting from share splits, share dividends or similar transactions.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">(4)</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">We have agreed to issue, on the closing date of this offering, warrants to the representative of the underwriters, ViewTrade Securities, Inc., in an amount equal to 7% of the aggregate number of shares of common stock sold by us in this offering. The exercise price of the underwriter warrants is equal to 150% of the price of our common stock offered hereby. The underwriter warrants are exercisable for a period of five years from the effective date of this Registration Statement.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">(5)</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Previously paid.</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">   </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif"><b>The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to Section 8(a) may determine.</b></font></p>
Current Fiscal Year End Date	--06-30
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Filer Category	Non-accelerated Filer

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2018	Jun. 30, 2018	Jun. 30, 2017
Current Assets
Cash	$ 832,078	$ 1,031,486	$ 1,174,950
Accounts receivable			221
Inventory	73,575	75,910	101,300
Prepaid expenses and other current assets	118,440	127,880	94,439
Total Current Assets	1,024,093	1,235,276	1,370,910
Property and equipment, net	47,066	55,270	59,286
Intangible assets, net	27,316	13,887	13,783
Deferred registration costs	70,301	72,532
Total Assets	1,168,776	1,376,965	1,443,979
Current Liabilities
Accounts payable	13,089	13,503	13,261
Accrued expenses and other payables	64,987	150,283	66,975
Advance for sale of common stock			675,235
Loan payable-shareholder		27,058	129,874
Total Current Liabilities	78,076	190,844	885,345
Stockholders' Equity
Common stock, $0.001 par value, 375,000,000 shares authorized, 19,170,846 and 18,870,346 shares issued and outstanding at June 30, 2018 and 2017, respectively	19,255	19,171	18,870
Additional paid-in capital	5,365,683	5,121,102	3,002,878
Accumulated comprehensive income	202,368	170,795	57,692
Deficit	(4,496,606)	(4,124,947)	(2,520,806)
Total Stockholders' Equity	1,090,700	1,186,121	558,634
Total Liabilities and Stockholders' Equity	$ 1,168,776	$ 1,376,965	$ 1,443,979

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2018	Jun. 30, 2018	Jun. 30, 2017
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Common stock, authorized	375,000,000	375,000,000	375,000,000
Common stock, issued	19,254,846	19,170,846	18,870,346
Common stock, outstanding	19,254,846

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Revenues		$ 8,994	$ 10,571	$ 140,774
Cost of goods sold	7,434	21	4,819	85,397
Gross profit	(7,434)	8,973	5,752	55,377
Operating expenses
Selling expenses	76,879	34,379	172,029	151,600
General and administrative expenses	226,571	312,552	1,133,534	953,767
Research and development expenses	62,771	94,560	361,616	203,600
Total operating expenses	366,221	441,491	1,667,179	1,308,967
Loss from operations	(373,655)	(432,518)	(1,661,427)	(1,253,590)
Other income
Other income, net	(3,925)	23,981	57,560	59,368
Interest expense	5,921		(274)	1,006
Total other income(expense)	1,996	23,981	57,286	60,374
Net loss	(371,659)	(408,537)	(1,604,141)	(1,193,216)
Other comprehensive loss
Foreign currency translation adjustment	31,573	164,563	113,103	63,551
Total comprehensive loss	$ (340,086)	$ (243,974)	$ (1,491,038)	$ (1,129,665)
Net loss per share
Basic and diluted (in dollars per share)	$ (0.02)	$ (0.01)	$ (0.08)	$ (0.06)
Weighted average shares outstanding
Basic and diluted (in shares)	19,171,759	19,009,002	19,130,098	18,596,678

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Deficit [Member]	Accumulated Other Comprehensive (Loss) Income	Total
Beginning Balance at Jun. 30, 2016	$ 18,462	$ 1,315,546	$ (1,327,590)	$ (5,859)	$ 559
Beginning Balance (in shares) at Jun. 30, 2016	18,462,680
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock	$ 408	1,687,332			1,687,740
Issuance of common stock (in shares)	407,666
Net loss			(1,193,216)		(1,193,216)
Foreign currency translation gain				63,551	63,551
Ending Balance at Jun. 30, 2017	$ 18,870	3,002,878	(2,520,806)	57,692	558,634
Ending Balance (in shares) at Jun. 30, 2017	18,870,346
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock	$ 301	2,118,224			2,118,525
Issuance of common stock (in shares)	300,500
Net loss			(1,604,141)		(1,604,141)
Foreign currency translation gain				113,103	113,103
Ending Balance at Jun. 30, 2018	$ 19,171	5,121,102	(4,124,947)	170,795	1,186,121
Ending Balance (in shares) at Jun. 30, 2018	19,170,846
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock	$ 84	244,581			244,665
Issuance of common stock (in shares)	84,000
Net loss					(371,659)
Foreign currency translation gain				31,573	31,573
Ending Balance at Sep. 30, 2018	$ 19,255	$ 5,365,683	$ (4,124,947)	$ 202,368	$ 1,090,700
Ending Balance (in shares) at Sep. 30, 2018	19,254,846				19,254,846

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net loss	$ (371,659)	$ (408,537)	$ (1,604,141)	$ (1,193,216)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	12,162	7,084	32,694	50,097
Expenses paid by president			9,000	88,496
Changes in current assets and current liabilities:
Accounts receivable		225	225	(221)
Project in progress				213,321
Inventory			27,195	(90,122)
Prepaid expenses and other current assets	5,556	(70,155)	(31,660)	(1,479)
Accounts payable				(180,023)
Accrued expenses and other payables	(81,449)	12,521	81,958	51,609
Net cash (used in) operating activities	(435,390)	(458,861)	(1,484,730)	(1,061,538)
Cash flows from investing activities:
Acquisition of office equipment and intangible assets	(19,584)	(4,753)	(27,454)	(10,676)
Net cash (used in) investing activities	(19,584)	(4,753)	(27,454)	(10,676)
Cash flows from financing activities:
(Payment) of loan payable - shareholder, net	(26,471)	2,249	(123,850)	(131,660)
Net proceeds from issuance of common stock	246,944	1,432,550	1,432,128	1,687,740
(Payment)deferred registration costs			(72,408)
Advances for issuance of common stock				671,825
Net cash provided by financing activities	220,473	1,434,799	1,235,870	2,227,905
Effect of exchange rate changes on cash	35,092	174,075	132,850	7,457
Net (decrease)increase in cash	(199,408)	1,145,260	(143,464)	1,163,148
Cash - beginning of year	1,031,486	1,174,950	1,174,950	11,802
Cash - ending of year	832,078	2,320,210	1,031,486	1,174,950
Supplemental disclosures of cash flow information:
Cash paid for interest
Cash paid for income taxes
Non-cash financing activity:
Expenses paid by president			$ 9,000	$ 88,496

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended	12 Months Ended
ORGANIZATION AND DESCRIPTION OF BUSINESS	Sep. 30, 2018	Jun. 30, 2018
Accounting Policies [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Datasea Inc. (the “Company”) was incorporated in the State of Nevada on September 26, 2014 under the name Rose Rock Inc. and changed its name to Datasea Inc. on May 27, 2015 by amending its articles of incorporation. On May 26, 2015, the Company’s founder, Xingzhong Sun, sold 20,000,000 shares of common stock of the Company (the “Common Stock”) to Zhixin Liu, one of the owners of Shuhai Skill (HK) as defined below. On October 27, 2016, Mr. Sun sold his remaining 5,000,000 shares of Common Stock of the Company to Ms. Liu. On October 29, 2015, the Company entered into a share exchange agreement (the “Exchange Agreement”) with the shareholders (the “Shareholders”) of Shuhai Information Skill (HK) Limited (“Shuhai Skill (HK)”), a limited liability company incorporated on May 15, 2015 under the laws of the Hong Kong Special Administrative Region of the People’s Republic of China (the “PRC”). Pursuant to the terms of the Exchange Agreement, the Shareholders, who together own 100% of the ownership rights in Shuhai Skill (HK), transferred all of the issued and outstanding ordinary shares of Shuhai Skill (HK) to the Company in exchange for the issuance of an aggregate of 20,000,000 shares of Common Stock, thereby causing Shuhai Skill (HK) and its wholly owned subsidiaries, Tianjin Information Sea Information Technology Co., Ltd. (“Tianjin Information”), a limited liability company incorporated under the laws of the PRC, and Harbin Information Sea Information Technology Co., Ltd., a limited liability company incorporated under the laws of the PRC, to become wholly-owned subsidiaries of the Company, and Shuhai Information Technology Co., Ltd., also a limited liability company incorporated under the laws of the PRC (“Shuhai Beijing”), to become a variable interest entity (“VIE”) of the Company through a series of contractual agreements between Shuhai Beijing and Tianjin Information. The transaction was accounted for as a reverse merger, with Shuhai Skill (HK) and its subsidiaries being the accounting survivor. Accordingly, the historical financial statements presented are those of Shuhai Skill (HK), its consolidated subsidiaries and the VIE. Following the Share Exchange, the Shareholders, being Zhixin Liu and her father, Fu Liu, owned approximately 81.82% of the outstanding shares of Common Stock. As of October 29, 2015, there were 55,000,000 shares of Common Stock issued and outstanding, 45,000,000 of which were beneficially owned by Zhixin Liu and Fu Liu. After the Share Exchange, the Company, through its consolidated subsidiaries and VIE is engaged in the business of providing Internet security products, new media advertising, micro-marketing, and data analysis services in the PRC.	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Datasea Inc. (the “Company”) was incorporated in the State of Nevada on September 26, 2014 under the name Rose Rock Inc. and changed its name to Datasea Inc. on May 27, 2015 by amending its articles of incorporation. On May 26, 2015, the Company’s founder, Xingzhong Sun, sold 20,000,000 shares (giving effect to the Forward Split on November 12, 2015 but without giving effect to the reverse stock split that became effective on May 1, 2018) of his common stock of the Company (the “Common Stock”) to Zhixin Liu, one of the owners of Shuhai Skill (HK) as defined below. On October 29, 2015, Mr. Sun sold his remaining 5,000,000 shares of Common Stock of the Company to Ms. Liu. On October 29, 2015, the Company entered into a share exchange agreement (the “Exchange Agreement”) with the shareholders (the “Shareholders”) of Shuhai Information Skill (HK) Limited (“Shuhai Skill (HK)”), a limited liability company incorporated on May 15, 2015 under the laws of the Hong Kong Special Administrative Region of the People’s Republic of China (the “PRC”). Pursuant to the terms of the Exchange Agreement, the Shareholders, who together own 100% of the ownership rights in Shuhai Skill (HK), transferred all of the issued and outstanding ordinary shares of Shuhai Skill (HK) to the Company in exchange for the issuance of an aggregate of 20,000,000 shares (giving effect to the Forward Split on November 12, 2015 but without giving effect to the reverse stock split that became effective on May 1, 2018) of Common Stock, thereby causing Shuhai Skill (HK) and its wholly owned subsidiaries, Tianjin Information Sea Information Technology Co., Ltd. (“Tianjin Information”), a limited liability company incorporated under the laws of the PRC, and Harbin Information Sea Information Technology Co., Ltd., a limited liability company incorporated under the laws of the PRC, to become wholly-owned subsidiaries of the Company, and Shuhai Information Technology Co., Ltd., also a limited liability company incorporated under the laws of the PRC (“Shuhai Beijing”), to become a variable interest entity (“VIE”) of the Company through a series of contractual agreements between Shuhai Beijing and Tianjin Information. The transaction was accounted for as a reverse merger, with Shuhai Skill (HK) and its subsidiaries being the accounting survivor. Accordingly, the historical financial statements presented are those of Shuhai Skill (HK) and its consolidated subsidiaries. Following the Share Exchange, the Shareholders, being Zhixin Liu and her father, Fu Liu, owned approximately 81.82% of the outstanding shares of Common Stock. As of October 29, 2015, there were 55,000,000 shares (giving effect to the Forward Split on November 12, 2015 but without giving effect to the reverse stock split that became effective on May 1, 2018) of Common Stock issued and outstanding, 45,000,000 of which were beneficially owned by Zhixin Liu and Fu Liu. On May 1, 2018, the Company had a 1 of 3 reverse stock split decreasing the shares outstanding from 57,511,711 to 19,170,827. The consolidated financial statements have been retroactively adjusted to reflect the reverse split. After the Share Exchange, the Company, through its consolidated subsidiaries and VIE is engaged in the business of providing Internet security products, new media advertising, micro-marketing, and data analysis services in the PRC.

GOING CONCERN

GOING CONCERN	3 Months Ended	12 Months Ended
GOING CONCERN	Sep. 30, 2018	Jun. 30, 2018
Going Concern
GOING CONCERN	NOTE 2 – GOING CONCERN The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying unaudited condensed consolidated financial statements, the Company has generated revenues of $0 during three months ended September 30, 2018, has a deficit of approximately $4,497,000 at September 30, 2018, and continues to incur significant losses since inception. These circumstances, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Company’s management recognizes that the Company must generate sales and additional resources to enable it to continue to develop its operations. Based on increased demand for internet services in China, including internet security and big data integration, the Company’s management team expects healthy growth in its business. The Company’s management intends to raise additional financing through debt and/or equity financing or through other means that it deems necessary, with a view to moving forward to commence and sustaining prolonged growth in its initial phases and continually achieve profitable operations. However, no assurance can be given that the Company will be successful in raising additional capital or obtaining financing and ultimately achieving profitable operations to sustain the Company.	NOTE 2 – GOING CONCERN The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying consolidated financial statements, the Company has losses of ($1,604,141) and ($1,193,216) during the years ended June 30, 2018 and 2017, has a deficit of approximately ($4,124,000) and ($2,521,000) at June 30, 2018 and 2017, and continues to incur significant losses since inception. 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’s management recognizes that the Company must generate sales and additional resources to enable it to continue to develop its operations. Based on increased demand for internet services in China, including internet security and data integration, the Company’s management team expects healthy growth in its business. The Company’s management intends to raise additional financing through debt and/or equity financing or through other means that it deems necessary, with a view to moving forward and sustaining prolonged growth in its initial phases. However, no assurance can be given that the Company will be successful in raising additional capital or obtaining financing on acceptable terms and ultimately achieving profitable operations to sustain the Company. Basis of Presentation and Consolidation The accompanying consolidated financial statements include the financial statements of the Company and its 100% owned subsidiaries of Shuhai Skill (HK), Tianjin Information and its VIE, Shuhai Beijing.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2018	Jun. 30, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements include the financial statements of the Company and its 100% owned subsidiaries of Shuhai Skill (HK), Tianjin Information and its VIE, Shuhai Beijing. The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments and elimination of intercompany transactions upon consolidation) which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally present in the annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to such rules and regulations. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes for the year ended June 30, 2018. The results for the three months ended September 30, 2018 are not necessarily indicative of the results to be expected for the full year ending June 30, 2019. VARIABLE INTEREST ENTITY Pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 810, “Consolidation” (“ASC 810”), the Company is required to include in its consolidated financial statements, the financial statements of Shuhai Beijing, its VIE. ASC 810 requires a VIE to be consolidated if the reporting entity is subject to a majority of the risk of loss for the VIE or is entitled to receive a majority of the VIE’s residual returns. A VIE is an entity in which a company, through contractual arrangements, bears the risk of, and enjoys the rewards normally associated with ownership of the entity, and therefore the company is the primary beneficiary of the entity. Under ASC 810, a reporting entity has a controlling financial interest in a VIE, and must consolidate that VIE, if the reporting entity has both of the following characteristics: (a) the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance; and (b) the obligation to absorb losses, or the right to receive benefits, that could potentially be significant to the VIE. The reporting entity’s determination of whether it has this power is not affected by the existence of kick-out rights or participating rights, unless a single enterprise, including its related parties and de-facto agents, have the unilateral ability to exercise those rights. Shuhai Beijing’s actual stockholders do not hold any kick-out rights that affect the consolidation determination. Through the VIE agreements, the Company is deemed the primary beneficiary of Shuhai Beijing. Accordingly, the results of Shuhai Beijing have been included in the accompanying unaudited condensed consolidated financial statements. Shuhai Beijing has no assets that are collateral for or restricted solely to settle their obligations. The creditors of Shuhai Beijing do not have recourse to the Company’s general credit. VIE Agreements Operation and Intellectual Property Service Agreement Shareholders’ Voting Rights Entrustment Agreement Equity Option Agreement Equity Pledge Agreement USE OF ESTIMATES The preparation of unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The significant areas requiring the use of management estimates include, but are not limited to, the estimated useful life and residual value of property, plant and equipment, provision for staff benefits, recognition and measurement of deferred income taxes and the valuation allowance for deferred tax assets. Although these estimates are based on management’s knowledge of current events and actions management may undertake in the future, actual results may ultimately differ from those estimates and such differences may be material to our unaudited condensed consolidated financial statements. Contingencies Certain conditions may exist as of the date the unaudited condensed consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, the estimated liability would be accrued in the Company’s unaudited condensed consolidated financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed. As of September 30, 2018 and June 30, 2018, the Company has no contingencies. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, demand deposits and short-term cash investments that are highly liquid in nature and have original maturities of three months or less. The Company has no cash equivalents as of September 30, 2018 and June 30, 2018. Inventory Inventory, comprised principally of products purchased that are comprised of routers used in installations, is valued at the lower of cost or net realizable value. The value of inventory is determined using the first-in, first-out method. The Company periodically estimates an inventory allowance for estimated unmarketable inventories when necessary. Inventory amounts are reported net of such allowances. There were no allowances for inventory as of September 30, 2018 and June 30, 2018. Deferred REGISTRATION Costs The Company has capitalized certain legal, accounting and other third-party fees that are directly associated with its in-process registered equity financing as deferred registration cost until such financing is consummated. After consummation of such equity financing, these costs will be recorded in stockholders’ equity as a reduction of additional paid-in capital generated as a result of the offering. Should the equity financing for which those costs relate no longer be considered probable of being consummated, all deferred registration costs will be charged to operating expenses in the statement of operations at such time. The Company incurred and deferred registration costs of $70,301 and $72,532 as of September 30, 2018 and June 30, 2018, respectively. PROPERTY AND EQUIPMENT Property and equipment are stated at cost, less accumulated depreciation. Major repairs and improvements that significantly extend original useful lives or improve productivity are capitalized and depreciated over the period benefited. Maintenance and repairs are expensed as incurred. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method over estimated useful lives as follows: Furniture and fixtures 5-10 years Office equipment 3-5 years Leasehold improvements are depreciated utilizing the straight-line method over the shorter of their estimated useful lives or remaining lease term. INTANGIBLE ASSETS Intangible assets with finite lives are amortized using the straight-line method over their estimated period of benefit. Evaluation of the recoverability of intangible assets is made to take into account events or circumstances that warrant revised estimates of useful lives or that indicate that impairment exists. All of our intangible assets are subject to amortization. No impairment of intangible assets has been identified as of the balance sheet dates. Intangible assets include licenses and certificates and are amortized over their useful life of five to ten years. FAIR VALUE MEASUREMENTS AND DISCLOSURES FASB ASC Topic 820, “Fair Value Measurements,” defines fair value, and establishes a three-level valuation hierarchy for disclosures that enhances disclosure requirements for fair value measures. The three levels are defined as follows: ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. The carrying value of cash, accounts receivable, inventory, prepaid expenses and other current assets, accounts payable, accrued expenses and other payables, and loan payable-shareholder, approximate their fair values due to their short maturities. As of September 30, 2018, the Company did not identify any assets and liabilities that are required to be presented on the balance sheet at fair value on a recurring basis. IMPAIRMENT OF LONG-LIVED ASSETS In accordance with FASB ASC 360-10, Accounting for the Impairment or Disposal of Long-Lived Assets, long-lived assets such as property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable, or it is reasonably possible that these assets could become impaired as a result of technological or other industrial changes. The determination of recoverability of assets to be held and used is made by comparing the carrying amount of an asset to future undiscounted cash flows to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured as the amount by which the carrying amount of the asset exceeds its fair value. Assets to be disposed of are reported at the lower of the carrying amount or fair value less cost to sell. During the reporting periods there was no impairment loss recognized on long-lived assets. Revenue Recognition The Company recognizes revenues from professional services contracts. Customers are billed, according to individual agreements. Revenues from professional services are recognized on a completed-contract basis, in accordance with ASC Topic 605. Under the completed-contract basis, contract costs are recorded to projects in process and billings and/or cash received are recorded to a deferred revenue liability account during the periods of construction. Costs include direct material, direct labor and subcontract labor. All revenues, costs, and profits are recognized in operations upon completion of the contract. A contract is considered completed when all costs except insignificant items have been incurred and final acceptance has been received from the customer. Corporate general and administrative expenses are charged to the periods as incurred. However, in the event a loss on a contract is foreseen, the Company will recognize the loss as incurred. For uncompleted contracts, the deferred asset (accumulated contract costs) in excess of the deferred liability (billings and/or cash received) is classified under current assets as costs in excess of billings on uncompleted contracts. The deferred liability (billings and/or cash received) in excess of the deferred asset (accumulated contract costs) is classified under current liabilities as billings in excess of costs on uncompleted contracts. Contract retentions are included in accounts receivable. During the three months ended September 30, 2018, the Company generated no revenue. INCOME TAXES The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current period and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Company has no material uncertain tax positions for any of the reporting periods presented. RESEARCH AND DEVELOPMENT EXPENSES Research and development expenses are expensed in the period when they are incurred. For the three months ended September 30, 2018 and 2017, the Company incurred research and development expenses of $62,771 and $94,560, respectively. CONCENTRATION OF CREDIT RISK The Company maintains cash in accounts with state-owned banks within the PRC. Cash in state-owned banks is not covered by insurance. Should any of these institutions holding the Company’s cash become insolvent, or if the Company is unable to withdraw funds for any reason, the Company could lose the cash on deposit with that institution. The Company has not experienced any losses in such accounts and believes it is not exposed to any risks on its cash in these bank accounts. FOREIGN CURRENCY TRANSLATION AND COMPREHENSIVE INCOME (LOSS) The accounts of the Company’s Chinese entities are maintained in RMB and the accounts of the U.S. parent company are maintained in United States dollars (“USD”) The accounts of the Chinese entities were translated into USD in accordance with ASC Topic 830 “Foreign Currency Matters.” All assets and liabilities were translated at the exchange rate on the balance sheet date; stockholders’ equity is translated at historical rates and the statements of operations and cash flows are translated at the weighted average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with ASC Topic 220, “Comprehensive Income.” Gains and losses resulting from the foreign currency transactions are reflected in the statements of operations. The Company follows FASB ASC Topic 220-10, “Comprehensive Income (loss).” Comprehensive income(loss) comprises net income(loss) and all changes to the statements of changes in stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders. RECENT ACCOUNTING PRONOUNCEMENTS In February 2016, the FASB issued ASU 2016-02 Amendments to the ASC 842 Leases. This update requires a lessee to recognize the assets and liability (the lease liability) arising from operating leases on the balance sheet for the lease term. When measuring assets and liabilities arising from a lease, a lessee (and a lessor) should include payments to be made in optional periods only if the lessee is reasonably certain to exercise an option to extend the lease or not to exercise an option to terminate the lease. Within a twelve months or less lease term, a lessee is permitted to make an accounting policy election not to recognize lease assets and liabilities. If a lessee makes this election, it should recognize lease expense on a straight-line basis over the lease term. In transition, this update will be effective for public entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company does not currently expect the adoption of ASU 2016-02 to have a material impact on the Company’s financial statements unless it enters into a new long-term lease. In September 2017, the FASB issued ASU 2017-13, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842). The main objective of this pronouncement is to clarify the effective date of the adoption of ASC Topic 606 and ASC Topic 842 and the definition of public business entity as stipulated in ASU 2014-09 and ASU 2016-02. ASU 2014-09 provides that a public business entity and certain other specified entities adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. All other entities are required to adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. ASU 2016-12 requires that “a public business entity and certain other specified entities adopt ASC Topic 842 for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. All other entities are required to adopt ASC Topic 842 for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020”. ASU 2017-13 clarifies that the SEC would not object to certain public business entities electing to use the non-public business entities effective dates for applying ASC 606 and ASC 842. ASU 2017-13, however, limits such election to certain public business entities that “otherwise would not meet the definition of a public business entity except for a requirement to include or inclusion of its financial statements or financial information in another entity’s filings with the SEC”. In November 2016, the FASB issued ASU 2016-18, Restricted Cash. The amendments in this update address diversity in practice that exists in the classification and presentation of changes in restricted cash and require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. ASU 2016-18 is effective for the Company beginning January 1, 2018 and is required to be applied using a retrospective transition method to each period presented. The Company does not expect the adoption of the amendment in this ASU to have a significant impact on the Company’s condensed consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Clarifying the Definition of a Business, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The Company does not expect the adoption of the amendment in this ASU to have a significant impact on the Company’s condensed consolidated financial statements. In February 2017, the FASB issued ASU 2017-05, Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets, which defines the term “in-substance nonfinancial asset” and clarifies the scope and accounting of a financial asset that meets the definition. ASU 2017-05 also provides guidance for partial sales of nonfinancial assets. The Company does not expect the adoption of the amendment in this ASU to have a significant impact on the Company’s condensed consolidated financial statements. Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying unaudited condensed consolidated financial statements.	NOTE 3 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES VARIABLE INTEREST ENTITY Pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 810, “Consolidation” (“ASC 810”), the Company is required to include in its consolidated financial statements, the financial statements of its variable interest entity (“VIE”). ASC 810 requires a VIE to be consolidated if the company is subject to a majority of the risk of loss for the VIE or is entitled to receive a majority of the VIE’s residual returns. A VIE is an entity in which a company, through contractual arrangements, bears the risk of, and enjoys the rewards normally associated with ownership of the entity, and therefore the company is the primary beneficiary of the entity. Under ASC 810, a reporting entity has a controlling financial interest in a VIE, and must consolidate that VIE, if the reporting entity has both of the following characteristics: (a) the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance; and (b) the obligation to absorb losses, or the right to receive benefits, that could potentially be significant to the VIE. The reporting entity’s determination of whether it has this power is not affected by the existence of kick-out rights or participating rights, unless a single enterprise, including its related parties and de - facto agents, have the unilateral ability to exercise those rights. Shuhai Beijing’s actual stockholders do not hold any kick-out rights that affect the consolidation determination. Through the VIE agreements, the Company is deemed the primary beneficiary of Shuhai Beijing. Accordingly, the results of Shuhai Beijing have been included in the accompanying consolidated financial statements. Shuhai Beijing has no assets that are collateral for or restricted solely to settle their obligations. The creditors of Shuhai Beijing do not have recourse to the Company’s general credit. VIE Agreements Operation and Intellectual Property Service Agreement Shareholders’ Voting Rights Entrustment Agreement Equity Option Agreement Equity Pledge Agreement USE OF ESTIMATES The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The significant areas requiring the use of management estimates include, but are not limited to, the estimated useful life and residual value of property and equipment, provision for staff benefits, recognition and measurement of deferred income taxes and the valuation allowance for deferred tax assets. Although these estimates are based on management’s knowledge of current events and actions management may undertake in the future, actual results may ultimately differ from those estimates and such differences may be material to our consolidated financial statements. Contingencies Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that may be pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, the estimated liability would be accrued in the Company’s consolidated financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed. As of June 30, 2018 and 2017, the Company has no contingencies. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, demand deposits and short-term cash investments that are highly liquid in nature and have original maturities of three months or less. The Company has no cash equivalents as of June 30, 2018 and 2017. Inventory Inventory, principally purchased routers used in installations and electronic student cards, is valued at the lower of cost or net realizable value. The value of inventory is determined using the first-in, first-out method. The Company periodically estimates an inventory allowance for estimated unmarketable inventories when necessary. Inventory amounts are reported net of such allowances. There were no allowances for inventory as of June 30, 2018 and 2017. Deferred REGISTRATION Costs The Company defers certain legal, accounting and other third-party fees that are directly associated with in-process equity financings as deferred registration costs until such financings are consummated. After consummation of the equity financing, these costs are recorded in stockholders’ equity as a reduction of additional paid-in capital generated as a result of the offering. Should the equity financing for which those costs relate no longer be considered probable of being consummated, all deferred registration costs will be charged to operating expenses in the statement of operations at such time. The Company had deferred registration costs of $72,532 as of June 30, 2018. PROPERTY AND EQUIPMENT Property and equipment are stated at cost, less accumulated depreciation. Major repairs and improvements that significantly extend original useful lives or improve productivity are capitalized and depreciated over the period benefited. Maintenance and repairs are expensed as incurred. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method over estimated useful lives as follows: Furniture and fixtures 5-10 years Office equipment 3-5 years INTANGIBLE ASSETS Intangible assets with finite lives are amortized using the straight-line method over their estimated period of benefit. Evaluation of the recoverability of intangible assets is made to take into account events or circumstances that warrant revised estimates of useful lives or that indicate that impairment exists. All of our intangible assets are subject to amortization. No impairment of intangible assets has been identified as of the balance sheet dates. Intangible assets include licenses and certificates and are amortized over their useful life of ten years. FAIR VALUE MEASUREMENTS AND DISCLOSURES FASB ASC Topic 820, “Fair Value Measurements,” defines fair value, and establishes a three-level valuation hierarchy for disclosures that enhances disclosure requirements for fair value measures. The three levels are defined as follows: ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. The carrying value of cash, accounts receivable, inventory, prepaid expenses and other current assets, accounts payable, accrued expenses and other payables, advances for issuance of common stock and loan payable-shareholder, approximate their fair values due to their short maturities. As of June 30, 2018, the Company did not identify any assets and liabilities that are required to be presented on the balance sheet at fair value on a recurring basis. IMPAIRMENT OF LONG-LIVED ASSETS In accordance with FASB ASC 360-10, Accounting for the Impairment or Disposal of Long-Lived Assets, long-lived assets such as property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable, or it is reasonably possible that these assets could become impaired as a result of technological or other industrial changes. The determination of recoverability of assets to be held and used is made by comparing the carrying amount of an asset to future undiscounted cash flows to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured as the amount by which the carrying amount of the asset exceeds its fair value. Assets to be disposed of are reported at the lower of the carrying amount or fair value less cost to sell. During the reporting periods there was no impairment loss recognized on long-lived assets. Revenue Recognition The Company recognizes revenues from professional services contracts. Customers are billed, according to individual agreements. Revenues from professional services are recognized on a completed-contract basis, in accordance with ASC Topic 605, Under the completed-contract basis, contract costs are recorded to projects in process and billings and/or cash received are recorded to a deferred revenue liability account during the periods of construction. Costs include direct material, direct labor and subcontract labor. All revenues, costs, and profits are recognized in operations upon completion of the contract. A contract is considered completed when all costs except insignificant items have been incurred and final acceptance has been received from the customer. Corporate general and administrative expenses are charged to the periods as incurred. However, in the event a loss on a contract is foreseen, the Company will recognize the loss as incurred. For uncompleted contracts, the deferred asset (accumulated contract costs) in excess of the deferred liability (billings and/or cash received) is classified under current assets as costs in excess of billings on uncompleted contracts. The deferred liability (billings and/or cash received) in excess of the deferred asset (accumulated contract costs) is classified under current liabilities as billings in excess of costs on uncompleted contracts. Contract retentions are included in accounts receivable. During the years ended June 30, 2018 and 2017, one customer accounted for 85.1% and 100% of the Company’s total sales, respectively. INCOME TAXES The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current period and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Company has no material uncertain tax positions for any of the reporting years. RESEARCH AND DEVELOPMENT EXPENSES Research and development expenses are expensed in the period when they are incurred. For the years ended June 30, 2018 and 2017, the Company incurred research and development expenses of $361,616 and $203,600, respectively. CONCENTRATION OF CREDIT RISK The Company maintains cash in accounts with state-owned banks within the PRC. Cash in state-owned banks is not covered by insurance. Should any of these institutions holding the Company’s cash become insolvent, or if the Company is unable to withdraw funds for any reason, the Company could lose the cash on deposit with that institution. The Company has not experienced any losses in such accounts and believes it is not exposed to any risks on its cash in these bank accounts. FOREIGN CURRENCY TRANSLATION AND COMPREHENSIVE INCOME (LOSS) The accounts of the Company’s Chinese entities are maintained in RMB and the accounts of the U.S. parent company are maintained in United States dollars (“USD”) The accounts of the Chinese entities were translated into USD in accordance with FASB ASC Topic 830 “Foreign Currency Matters.” All assets and liabilities were translated at the exchange rate on the balance sheet date; stockholders’ equity is translated at historical rates and the statements of operations and cash flows are translated at the weighted average exchange rate for the period. The resulting translation adjustments are reported in other comprehensive income in accordance with FASB ASC Topic 220, “Comprehensive Income.” Gains and losses resulting from the foreign currency transactions are reflected in the statements of operations. RECENT ACCOUNTING PRONOUNCEMENTS In February 2016, the FASB issued ASU 2016-02 Amendments to ASC 842 Leases. This update requires a lessee to recognize the assets and liability (the lease liability) arising from operating leases on the balance sheet for the lease term. When measuring assets and liabilities arising from a lease, a lessee (and a lessor) should include payments to be made in optional periods only if the lessee is reasonably certain to exercise an option to extend the lease or not to exercise an option to terminate the lease. Within a twelve months or less lease term, a lessee is permitted to make an accounting policy election not to recognize lease assets and liabilities. If a lessee makes this election, it should recognize lease expense on a straight-line basis over the lease term. In transition, this update will be effective for public entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company does not currently expect the adoption of ASU 2016-02 to have a material impact on the Company’s financial statements unless it enters into a new long-term lease. In September 2017, the FASB issued ASU 2017-13, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842). The main objective of this pronouncement is to clarify the effective date of the adoption of ASC Topic 606 and ASC Topic 842 and the definition of public business entity as stipulated in ASU 2014-09 and ASU 2016-02. ASU 2014-09 provides that a public business entity and certain other specified entities adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. All other entities are required to adopt ASC Topic 606 for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. ASU 2016-12 requires that “a public business entity and certain other specified entities adopt ASC Topic 842 for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. All other entities are required to adopt ASC Topic 842 for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020”. ASU 2017-13 clarifies that the SEC would not object to certain public business entities electing to use the non-public business entities effective dates for applying ASC 606 and ASC 842. ASU 2017-13, however, limits such election to certain public business entities that “otherwise would not meet the definition of a public business entity except for a requirement to include or inclusion of its financial statements or financial information in another entity’s filings with the SEC”. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business. The amendments in this ASU clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Basically, these amendments provide a screen to determine when a set is not a business. If the screen is not met, the amendments in this ASU first, require that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and second, remove the evaluation of whether a market participant could replace missing elements. These amendments take effect for public businesses for fiscal years beginning after December 15, 2017 and interim periods within those periods, and all other entities should apply these amendments for fiscal years beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. In January 2017, the FASB issued ASU 2017-01, Clarifying the Definition of a Business, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The Company does not expect the adoption of the amendment in this ASU to have a significant impact on the Company’s consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Restricted Cash. The amendments in this update address diversity in practice that exists in the classification and presentation of changes in restricted cash and require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. ASU 2016-18 is effective for the Company beginning January 1, 2018 and is required to be applied using a retrospective transition method to each period presented. The Company does not expect the adoption of the amendment in this ASU to have a significant impact on the Company’s consolidated financial statements. Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements.

DEFERRED FINANCING COSTS

DEFERRED FINANCING COSTS	12 Months Ended
DEFERRED FINANCING COSTS	Jun. 30, 2018
Deferred Financing Costs
DEFERRED FINANCING COSTS	Note 4 – deferred financing costs The Company incurred and deferred registration costs of $72,532 as of June 30, 2018. Such costs consist of professional fees associated with the Company’s proposed public offering of Common Stock.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended	12 Months Ended
PROPERTY AND EQUIPMENT	Sep. 30, 2018	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	Note 4 – PROPERTY AND EQUIPMENT Property and equipment are summarized as follows: September 30, 2018 June 30, 2018 Office furniture and fixtures $ 71,754 $ 71,027 Office equipment 55,271 55,041 Subtotal 127,025 126,068 Less: Accumulated depreciation 79,959 70,798 Total $ 47,066 $ 55,270 Depreciation expense for the three months ended September 30, 2018 and 2017 was$11,445 and $6,669 respectively.	Note 5 – PROPERTY AND EQUIPMENT Property and equipment are summarized as follows: June 30, 2018 June 30, 2017 Office furniture and fixtures $ 71,027 $ 58,064 Office equipment 55,041 40,248 Subtotal 126,068 98,312 Less: Accumulated depreciation 70,798 39,026 Total $ 55,270 $ 59,286 Depreciation expense for the years ended June 30, 2018 and 2017 were $31,007 and $48,626, respectively.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	3 Months Ended	12 Months Ended
INTANGIBLE ASSETS	Sep. 30, 2018	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 5 –intangible assets Intangible assets are summarized as follows: September 30, 2018 June 30, 2018 Software registration right $ 5,223 $ 4,929 Patent 15,287 1,203 Value-added telecommunications business license 11,678 12,049 Subtotal 32,188 18,181 Less: Accumulated depreciation 4,872 4,294 Total $ 27,316 $ 13,887 Amortization expense for the three months ended March 31, 2018 and 2017 were $717 and $415, respectively.	NOTE 6 –intangible assets Intangible assets are summarized as follows: June 30, 2018 June 30, 2017 Software registration rights $ 4,929 $ 4,508 Patent 1,203 — Value-added telecommunications business license 12,049 11,833 Subtotal 18,181 16,341 Less: Accumulated depreciation 4,294 2,558 Total $ 13,887 $ 13,783 Amortization expense for the years ended June 30, 2018 and 2017 were $1,687 and $1,471, respectively.

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	3 Months Ended	12 Months Ended
PREPAID EXPENSES AND OTHER CURRENT ASSETS	Sep. 30, 2018	Jun. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	Note 6 – Prepaid expenses and other current assets Prepaid expenses and other current assets consisted of the following: September 30, 2018 June 30, 2018 Security deposit $ 53,459 $ 55,156 Prepaid expenses and advances 64,551 65,769 Others 430 6,955 Total $ 118,440 $ 127,880	Note 7 – Prepaid expenses and other current assets Prepaid expenses and other current assets consisted of the following: June 30, 2018 June 30, 2017 Security deposit $ 55,156 $ 54,830 Prepaid expenses and advances 65,769 32,471 Others 6,955 7,138 Total $ 127,880 $ 94,439

ACCRUED EXPENSES AND OTHER PAYA

ACCRUED EXPENSES AND OTHER PAYABLES	3 Months Ended	12 Months Ended
ACCRUED EXPENSES AND OTHER PAYABLES	Sep. 30, 2018	Jun. 30, 2018
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER PAYABLES	Note 7 – accrued expenses and other payables Accrued expenses and other payable consisted of the following: September 30, 2018 June 30, 2018 Deposit $ 30,525 $ 31,493 Salary payable and other payable 31,549 115,785 Advances from customers 2,913 3,005 Total $ 64,987 $ 150,283	Note 8 – accrued expenses and other payables Accrued expenses and other payable consisted of the following: June 30, 2018 June 30, 2017 Deposit $ 31,493 $ 30,515 Salaries and other payables 115,785 36,460 Advances from customers 3,005 — Total $ 150,283 $ 66,975

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended	12 Months Ended
RELATED PARTY TRANSACTIONS	Sep. 30, 2018	Jun. 30, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	Note 8 – related party transactions The Company’s President, Zhixin Liu, paid certain operating expenses on behalf of the Company. As of September 30, 2018 and June 30, 2018, the amounts due to the President were $0 and $27,058, respectively. These amounts are interest-free, unsecured and due on demand. The Company has not received any demand for payment. On January 1, 2016, the Company’s President entered into a car rental agreement with the Company. Pursuant to the agreement, the Company rents a car from the Company’s President for a monthly rent of approximately $735. The agreement expired on December 31, 2016. The agreement was renewed and the term was extended to December 31, 2018. The rent paid under this agreement was $2,205 and $2,253 for the three months ended September 30, 2018 and 2017 respectively. On November 11, 2017, the Company bought a used car for $3,054 from Harbin Jinfenglvyuan Biotechnology Co., Ltd, a related entity owned by Mr. Fu Liu. In April 2017, the Company’s President entered into an apartment rental agreement with the Company. Pursuant to the agreement, the Company rents an apartment from the Company’s president with an annual rent of approximately $2,940. The agreement was renewed and the term was extended to April 30, 2019. On March 19, 2018, The Company entered into agency agreements with seven shareholders. Pursuant to the agreement, shareholders are authorized as agents to market the Xin Platform APP in specific area of China. Each agent is required to pay a Xin Platform APP usage fee of $735 and deposit $735 in financial product of China Minsheng Bank system via Xin Platform APP. Each agent will receive $8 reward if a customer applies a credit card of China Minsheng Bank via Xin Platform APP.	Note 9 – related party transactions The Company’s President, Zhixin Liu, paid certain operating expenses on behalf of the Company. As of June 30, 2018 and 2017, the amounts due to the President were $27,059 and $129,874, respectively. These amounts are interest-free, unsecured and due on demand. The Company has not received any demand for payments. On January 1, 2016, the Company’s President entered into a car rental agreement with the Company. Pursuant to the agreement, the Company rents a car from the President for a monthly rent of approximately $750. The agreement expired on December 31, 2016. The agreement was renewed and the term was extended to December 31, 2018. The rent paid under this agreement was $9,000 and $8,808 for the years ended June 30, 2018 and 2017 respectively. On November 11, 2017, the Company bought a second-hand car for $3,000 from Harbin Jinfenglvyuan Biotechnology Co., Ltd, a related entity owned by Mr. Fu Liu. In April 2017, the Company’s President entered into an apartment rental agreement with the Company. Pursuant to the agreement, the Company rents an apartment from the president with an annual rent of approximately $3,000. The agreement was renewed and the term was extended to April 30, 2019. In March and April 2018, we entered into six membership service agreements with five entities and one individual, three of which are stockholders of our company, and eleven agency agreements with eleven individuals, nine of which are stockholders of our company. Pursuant to the membership service agreements, we offer member management services through our Xin Platform APP and charge the entering parties a service fee of RMB1,000 (approximately $150) per member. Pursuant to the agency agreements, the agents are authorized as agents to market Xin Platform APP in specific areas of China. Each agent is required to pay a Xin Platform APP usage fee of $750 and deposit $750 in financial products offered by China Minsheng Bank via Xin Platform APP. Each agent will receive $8 for each customer that applies for a credit card of China Minsheng Bank via Xin Platform APP.

INCOME TAXES

INCOME TAXES	3 Months Ended	12 Months Ended
INCOME TAXES	Sep. 30, 2018	Jun. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	Note 10 – income taxes The Company was incorporated in the United States of America, is subject to U.S. tax and plans to file U.S. federal income tax returns. The Company conducts all of its businesses through its subsidiaries and affiliated entities, principally in the PRC. No provision for US federal income tax was made for the three months ended September 30, 2018 and 2017 as the US entity incurred losses. The Company’s offshore subsidiary, Shuhai Skill (HK), did not earn any income that was derived in Hong Kong for the three months ended September 30, 2018 and 2017, and therefore did not incur any Hong Kong Profits tax. Under the Corporate Income Tax Law of the PRC, the corporate income tax rate is 25%. The Company has net operating losses(“NOL”) amounting to approximately $371,659 and $408,537 during three months ended September 30, 2018 and 2017 respectively. Management believes that it is more likely than not that the benefit from the NOL carryforwards will not be realized. In recognition of this risk, the Company has provided a 100% valuation as of September 30, 2018 and 2017 and no deferred tax asset benefit has been recorded. The provisions for income taxes is summarized as follows: Three Months ended Three Months ended Current $ — $ — Deferred 92,915 102,135 Increase in valuation allowance (92,915 ) (102,135 ) Total $ — $ — The valuation allowance increased by $92,915 and $102,135 for the three months ended March 31, 2018 and 2017, respectively. The Company’s net deferred tax asset as of September 30, 2018 and June 30, 2018 is as follows: September 30, 2018 June 30, 2018 Deferred tax asset $ 1,079,010 $ 986,095 Valuation allowance (1,079,010 ) (986,095 ) Net deferred tax asset $ — $ —	Note 10 – income taxes The Company was incorporated in the United States of America, is subject to U.S. tax and plans to file U.S. federal income tax returns. The Company conducts all of its businesses through its subsidiaries and affiliated entities, principally in the PRC. No provision for US federal income tax was made for the years ended June 30, 2018 and 2017 as the US entity incurred losses. On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the “Act”) was signed into law making significant changes to the Internal Revenue Code. Changes include, but are not limited to, a U.S. corporate tax rate decrease from 35% to 21% effective for tax years beginning after December 31, 2017, the transition of U.S. international taxation from a worldwide tax system to a territorial system, and a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of December 31, 2017. Additionally, the Tax Act imposes a one-time transition tax on deemed repatriation of historical earnings of foreign subsidiaries, and future foreign earnings are subject to U.S. taxation. However, this one-time transition tax has no effect on the Company’s income tax expense as the Company has no undistributed foreign earnings prior to June 30, 2018, as the Company has cumulative foreign losses as of June 30, 2018. The Company’s offshore subsidiary, Shuhai Skill (HK), did not earn any income that was derived in Hong Kong for the years ended June 30, 2018 and 2017, and therefore did not incur any Hong Kong Profits tax. Under the Corporate Income Tax Law of the PRC, the corporate income tax rate is 25%. The Company has net operating losses (“NOL”) of approximately $1,604,000 and $1,193,000 during years ended June 30, 2018 and 2017 respectively. Management believes that it is more likely than not that the benefit from the NOL carryforwards will not be realized. In recognition of this risk, the Company has provided a 100% valuation allowance as of June 30, 2018 and 2017 and no deferred tax asset benefit has been recorded. The reconciliation of income tax expense (benefit) at the PRC statutory rate of 21% to the Company’s effective tax is as follows: Year Ended June 30, 2018 2017 PRC Statutory rate $ (401,036 ) $ (298,305 ) Change in valuation allowance 401,036 298,305 Effective tax $ — $ — The provisions for income taxes are summarized as follows: Year ended Year ended Current $ — $ — Deferred 401,036 298,305 Change in valuation allowance (401,036 ) (298,305 ) Total $ — $ — The valuation allowance increased by $401,036 and $298,305 for the years ended June 30, 2018 and 2017, respectively. The Company’s net deferred tax asset as of June 30, 2018 and June 30, 2017 is as follows: June 30, 2018 June 30, 2017 Deferred tax asset $ 986,095 $ 585,059 Valuation allowance (986,095 ) (585,059 ) Net deferred tax asset $ — $ — For United States Income tax reporting purposes, the six months ended June 30, 2015 and the years ending June 30, 2017 and 2016 remain open and subject to audit. As of June 30, 2018, the tax years ended June 30, 2015 through June 30, 2017 for the Company’s PRC subsidiaries remain open for statutory examination by PRC tax authorities. As of June 30, 2018, the tax years ended June 30, 2015 through June 30, 2017 for the Company’s PRC subsidiaries remain open for statutory examination by PRC tax authorities.

COMMON STOCK

COMMON STOCK	3 Months Ended
COMMON STOCK	Sep. 30, 2018
Equity [Abstract]
COMMON STOCK	Note 9 – COMMON STOCK On May 1, 2018, the Company affected the 1 for 3 reverse stock split of the Company’s issued and outstanding common stock, decreasing the number of outstanding shares from 57,511,771 to 19,170,846 These statements have been retroactively adjusted to reflect this reverse split. On August 22, 2018, the Company’s Board of Directors and majority stockholders adopted the Company’s 2018 Equity Incentive Plan (the “2018 Plan”) under which the Company may award up to a maximum of 4,000,000 shares of its Common Stock to attract and retain personnel, provide additional incentives to employees, directors and consultants and promote the success of its business. No awards have been granted under the 2018 Plan, but the Company’s Board of Directors or a designated committee thereof will have the ability in its discretion from time to time to make awards under the 2018 Plan, including to its officers and directors of the Company. During the three months ended September 30, 2018, the Company sold 84,000 shares of Common Stock to third party investors at RMB 20 (approximately $2.94) per share and received proceeds of RMB 1,680,000 (approximately $246,946).

COMMITMENTS

COMMITMENTS	3 Months Ended	12 Months Ended
COMMITMENTS	Sep. 30, 2018	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS	NOTE 11 – Commiments Lease Agreement In December 2017, the Company renewed the one-year operating lease agreement. The lease will expire on February 28, 2019 and has a monthly rent of RMB 35,192 (or approximately $5,173). Future rental payment due under the lease is RMB 281,536(or approximately $41,383). Rent expense for the three months ended September 30, 2018 and 2017 was $15,519 and $15,828, respectively. In December 2017, the Company renewed the one-year property management contract. The contract will expire on February 28, 2019 and has a monthly management fee of RMB 70,384 (or approximately $10,346). Future management fee due under the contract is RMB563,072 (or approximately $82,766).	NOTE 11 – Commiments Lease Agreement In December 2017, the Company renewed the one-year operating lease agreement. The lease will expire on February 28, 2019 and has a monthly rent of RMB 35,192 (or approximately $5,279). Future rental payment due under the lease is RMB 281,536 or approximately $42,230). Rent expense for the years ended June 30, 2018 and 2017 was $63,345 and $63,790, respectively. In December 2017, the Company renewed the one-year property management contract. The contract will expire on February 28, 2019 and has a monthly management fee of RMB 70,384 (or approximately $10,558). Future management fees due under the contract are RMB 563,072 (or approximately $84,460).

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended	12 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2018	Jun. 30, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12 – SUBSEQUENT EVENTS The Company has reviewed its subsequent events through November 14, 2018, the date these financial statements were issued and has determined that no material subsequent events have occurred that require recognition in or disclosure to the financial statements.	NOTE 12 – SUBSEQUENT EVENTS On August 22, 2018, the Company’s Board of Directors and majority stockholders adopted a 2018 Equity Incentive Plan, or the 2018 Plan, for the Company to award up to a maximum of 4,000,000 shares of their common stock, to attract and retain the best available personnel, provide additional incentives to employees, directors and consultants and promote the success of their business. No awards have been granted under the 2018 Plan as of the date of this prospectus, but the Company’s Board of Directors or a designated committee thereof will have the ability in its discretion from time to time to make awards under the 2018 Plan, including to their officers and directors.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Sep. 30, 2018	Jun. 30, 2018
Accounting Policies [Abstract]
Schedule of depreciation of property and equipment	Depreciation of property and equipment is provided using the straight-line method over estimated useful lives as follows: Furniture and fixtures 5-10 years Office equipment 3-5 years	Depreciation of property and equipment is provided using the straight-line method over estimated useful lives as follows: Furniture and fixtures 5-10 years Office equipment 3-5 years

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended	12 Months Ended
PROPERTY AND EQUIPMENT (Tables)	Sep. 30, 2018	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	Property and equipment are summarized as follows: September 30, 2018 June 30, 2018 Office furniture and fixtures $ 71,754 $ 71,027 Office equipment 55,271 55,041 Subtotal 127,025 126,068 Less: Accumulated depreciation 79,959 70,798 Total $ 47,066 $ 55,270	Property and equipment are summarized as follows: June 30, 2018 June 30, 2017 Office furniture and fixtures $ 71,027 $ 58,064 Office equipment 55,041 40,248 Subtotal 126,068 98,312 Less: Accumulated depreciation 70,798 39,026 Total $ 55,270 $ 59,286

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	3 Months Ended	12 Months Ended
INTANGIBLE ASSETS (Tables)	Sep. 30, 2018	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Intangible assets are summarized as follows: September 30, 2018 June 30, 2018 Software registration right $ 5,223 $ 4,929 Patent 15,287 1,203 Value-added telecommunications business license 11,678 12,049 Subtotal 32,188 18,181 Less: Accumulated depreciation 4,872 4,294 Total $ 27,316 $ 13,887	Intangible assets are summarized as follows: June 30, 2018 June 30, 2017 Software registration rights $ 4,929 $ 4,508 Patent 1,203 — Value-added telecommunications business license 12,049 11,833 Subtotal 18,181 16,341 Less: Accumulated depreciation 4,294 2,558 Total $ 13,887 $ 13,783

PREPAID EXPENSES AND OTHER CU_2

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	3 Months Ended	12 Months Ended
PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	Sep. 30, 2018	Jun. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of prepaid asset and other current asset	Prepaid expenses and other current assets consisted of the following: September 30, 2018 June 30, 2018 Security deposit $ 53,459 $ 55,156 Prepaid expenses and advances 64,551 65,769 Others 430 6,955 Total $ 118,440 $ 127,880	Prepaid expenses and other current assets consisted of the following: June 30, 2018 June 30, 2017 Security deposit $ 55,156 $ 54,830 Prepaid expenses and advances 65,769 32,471 Others 6,955 7,138 Total $ 127,880 $ 94,439

ACCRUED EXPENSES AND OTHER PA_2

ACCRUED EXPENSES AND OTHER PAYABLES (Tables)	3 Months Ended	12 Months Ended
ACCRUED EXPENSES AND OTHER PAYABLES (Tables)	Sep. 30, 2018	Jun. 30, 2018
Payables and Accruals [Abstract]
Schedule of accounts payable and accrued liabilities	Accrued expenses and other payable consisted of the following: September 30, 2018 June 30, 2018 Deposit $ 30,525 $ 31,493 Salary payable and other payable 31,549 115,785 Advances from customers 2,913 3,005 Total $ 64,987 $ 150,283	Accrued expenses and other payable consisted of the following: June 30, 2018 June 30, 2017 Deposit $ 31,493 $ 30,515 Salaries and other payables 115,785 36,460 Advances from customers 3,005 — Total $ 150,283 $ 66,975

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended	12 Months Ended
INCOME TAXES (Tables)	Sep. 30, 2018	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Schedule of reconciliation income tax expense (benefit)		The reconciliation of income tax expense (benefit) at the PRC statutory rate of 21% to the Company’s effective tax is as follows: Year Ended June 30, 2018 2017 PRC Statutory rate $ (401,036 ) $ (298,305 ) Change in valuation allowance 401,036 298,305 Effective tax $ — $ —
Schedule of provisions for income taxes	The provisions for income taxes is summarized as follows: Three Months ended September 30, 2018 Three Months ended September 30, 2017 Current $ — $ — Deferred 92,915 102,135 Increase in valuation allowance (92,915 ) (102,135 ) Total $ — $ —	The provisions for income taxes are summarized as follows: Year ended Year ended Current $ — $ — Deferred 401,036 298,305 Change in valuation allowance (401,036 ) (298,305 ) Total $ — $ —
Schedule of net deferred tax asset	The Company’s net deferred tax asset as of September 30, 2018 and June 30, 2018 is as follows: September 30, 2018 June 30, 2018 Deferred tax asset $ 1,079,010 $ 986,095 Valuation allowance (1,079,010 ) (986,095 ) Net deferred tax asset $ — $ —	The Company’s net deferred tax asset as of June 30, 2018 and June 30, 2017 is as follows: June 30, 2018 June 30, 2017 Deferred tax asset $ 986,095 $ 585,059 Valuation allowance (986,095 ) (585,059 ) Net deferred tax asset $ — $ —

ORGANIZATION AND DESCRIPTION _2

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - shares	May 01, 2018	Oct. 27, 2016	Oct. 29, 2015	May 26, 2015	Sep. 30, 2018	Jun. 30, 2018	Jun. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Date of incorporation					Sep. 26, 2014	Sep. 26, 2014
Common stock, issued					19,254,846	19,170,846	18,870,346
Common stock outstanding					19,254,846
Reverse stock splits	57,511,711
Decrease of reverse stock splits	19,170,827
Shuhai Information Skill (HK) Limited [Member]
Defined Benefit Plan Disclosure [Line Items]
Ownership rights acquired			81.82%
Business combination, consideration transferred			<font style="font: 10pt Times New Roman, Times, Serif">On October 29, 2015, the Company entered into a share exchange agreement (the “Exchange Agreement”) with the shareholders (the “Shareholders”) of Shuhai Information Skill (HK) Limited (“Shuhai Skill (HK)”), a limited liability company incorporated on May 15, 2015 under the laws of the Hong Kong Special Administrative Region of the People’s Republic of China (the “PRC”). Pursuant to the terms of the Exchange Agreement, the Shareholders, who together own 100% of the ownership rights in Shuhai Skill (HK), transferred all of the issued and outstanding ordinary shares of Shuhai Skill (HK) to the Company in exchange for the issuance of an aggregate of 20,000,000 shares (giving effect to the Forward Split on November 12, 2015 but without giving effect to the reverse stock split that became effective on May 1, 2018) of Common Stock, thereby causing Shuhai Skill (HK) and its wholly owned subsidiaries, Tianjin Information Sea Information Technology Co., Ltd. (“Tianjin Information”), a limited liability company incorporated under the laws of the PRC, and Harbin Information Sea Information Technology Co., Ltd., a limited liability company incorporated under the laws of the PRC, to become wholly-owned subsidiaries of the Company, and Shuhai Information Technology Co., Ltd., also a limited liability company incorporated under the laws of the PRC (“Shuhai Beijing”), to become a variable interest entity (“VIE”) of the Company through a series of contractual agreements between Shuhai Beijing and Tianjin Information. The transaction was accounted for as a reverse merger, with Shuhai Skill (HK) and its subsidiaries being the accounting survivor. Accordingly, the historical financial statements presented are those of Shuhai Skill (HK) and its consolidated subsidiaries.</font></p>" id="sjs-D11"><p style="margin: 0pt"><font style="font: 10pt Times New Roman, Times, Serif">On October 29, 2015, the Company entered into a share exchange agreement (the “Exchange Agreement”) with the shareholders (the “Shareholders”) of Shuhai Information Skill (HK) Limited (“Shuhai Skill (HK)”), a limited liability company incorporated on May 15, 2015 under the laws of the Hong Kong Special Administrative Region of the People’s Republic of China (the “PRC”). Pursuant to the terms of the Exchange Agreement, the Shareholders, who together own 100% of the ownership rights in Shuhai Skill (HK), transferred all of the issued and outstanding ordinary shares of Shuhai Skill (HK) to the Company in exchange for the issuance of an aggregate of 20,000,000 shares (giving effect to the Forward Split on November 12, 2015 but without giving effect to the reverse stock split that became effective on May 1, 2018) of Common Stock, thereby causing Shuhai Skill (HK) and its wholly owned subsidiaries, Tianjin Information Sea Information Technology Co., Ltd. (“Tianjin Information”), a limited liability company incorporated under the laws of the PRC, and Harbin Information Sea Information Technology Co., Ltd., a limited liability company incorporated under the laws of the PRC, to become wholly-owned subsidiaries of the Company, and Shuhai Information Technology Co., Ltd., also a limited liability company incorporated under the laws of the PRC (“Shuhai Beijing”), to become a variable interest entity (“VIE”) of the Company through a series of contractual agreements between Shuhai Beijing and Tianjin Information. The transaction was accounted for as a reverse merger, with Shuhai Skill (HK) and its subsidiaries being the accounting survivor. Accordingly, the historical financial statements presented are those of Shuhai Skill (HK) and its consolidated subsidiaries.</font></p>
Common stock, issued			55,000,000
Common stock outstanding			45,000,000
Mr. Zhixin Liu [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of new share issued				20,000,000
Ms. Zhixin Liu [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of new share issued		5,000,000	5,000,000

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
GOING CONCERN (Details Narrative) - USD ($)	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Going Concern
Accumulated deficit	$ 4,496,606		$ 4,124,947	$ 2,520,806
Losses (Revenue)		$ 8,994	$ 10,571	$ 140,774

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Sep. 30, 2018	Jun. 30, 2018
Furniture and Fixtures [Member] \| Minimum [Member]
Estimated useful life (in years)	5 years	5 years
Furniture and Fixtures [Member] \| Maximum [Member]
Estimated useful life (in years)	10 years	10 years
Office equipment [Member] \| Minimum [Member]
Estimated useful life (in years)	3 years	3 years
Office equipment [Member] \| Maximum [Member]
Estimated useful life (in years)	5 years	5 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Cash equivalents	$ 0		$ 0	$ 0
Deferred registration costs	70,301		72,532
Research and development expenses	$ 62,771	$ 94,560	$ 361,616	$ 203,600
Minimum [Member]
Intangible assets useful life	5 years
Maximum [Member]
Intangible assets useful life	10 years
Sales Revenue [Member]
Concentration risk, percentage			85.10%	100.00%

DEFERRED FINANCING COSTS (Detai

DEFERRED FINANCING COSTS (Details Narrative)	12 Months Ended
DEFERRED FINANCING COSTS (Details Narrative)	Jun. 30, 2018USD ($)
Deferred Financing Costs
Deferred registration costs	$ 72,532

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2018	Jun. 30, 2018	Jun. 30, 2017
Property plant and equipment, gross	$ 127,025	$ 126,068	$ 98,312
Less: Accumulated depreciation	79,959	70,798	39,026
Property and equipment, Net	47,066	55,270	59,286
Furniture and Fixtures [Member]
Property plant and equipment, gross	71,754	71,027	58,064
Office equipment [Member]
Property plant and equipment, gross	$ 55,271	$ 55,041	$ 40,248

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 11,445	$ 6,669	$ 31,007	$ 48,626

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($)	Sep. 30, 2018	Jun. 30, 2018	Jun. 30, 2017
Subtotal	$ 32,188	$ 18,181	$ 16,341
Less: accumulated depreciation	4,872	4,294	2,558
Total	27,316	13,887	13,783
Software Registration Right [Member]
Subtotal	5,223	4,929	4,508
Value-added telecommunications business license [Member]
Subtotal	11,678	12,049	11,833
Patents [Member]
Subtotal	$ 15,287	$ 1,203

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
INTANGIBLE ASSETS (Details Narrative) - USD ($)	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2018	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 717	$ 415	$ 1,687	$ 1,471

PREPAID EXPENSES AND OTHER CU_3

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)	Sep. 30, 2018	Jun. 30, 2018	Jun. 30, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Security deposit	$ 53,459	$ 55,156	$ 54,830
Prepaid expenses and advances	64,551	65,769	32,471
Others	430	6,955	7,138
Total	$ 118,440	$ 127,880	$ 94,439

ACCRUED EXPENSES AND OTHER PA_3

ACCRUED EXPENSES AND OTHER PAYABLES (Details) - USD ($)	Sep. 30, 2018	Jun. 30, 2018	Jun. 30, 2017
Payables and Accruals [Abstract]
Deposit	$ 30,525	$ 31,493	$ 30,515
Salaries and other payables	31,549	115,785	36,460
Advances from customers	2,913	3,005
Total	$ 64,987	$ 150,283	$ 66,975

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	Mar. 19, 2018USD ($)	Nov. 11, 2017USD ($)	Jan. 01, 2016USD ($)	Apr. 30, 2018USD ($)	Apr. 30, 2018CNY (¥)	Mar. 31, 2018USD ($)	Mar. 31, 2018CNY (¥)	Apr. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Rent expenses											$ 63,345	$ 63,790
Six Membership Service Agreements [Member] \| Xin Platform APP [Member]
Service fee				$ 150		$ 150
Usage fee paid				750		750
Deposit paid				750		750
Reward received				$ 8		$ 8
Six Membership Service Agreements [Member] \| Xin Platform APP [Member] \| CNY
Service fee \| ¥					¥ 1,000		¥ 1,000
Seven Shareholders [Member] \| Agency Agreements [Member] \| Xin Platform APP [Member]
Usage fee paid	$ 735
Deposit paid	735
Reward received	$ 8
Mr. Zhixin Liu [Member]
Amount due to president									$ 0		27,058	129,874
Mr. Zhixin Liu [Member] \| Car Rental Agreement [Member]
Amount due to president			$ 750
Lease expiration date			Dec. 31, 2018
Rent expenses			$ 735						$ 2,205	$ 2,253	$ 9,000	$ 8,808
Mr. Zhixin Liu [Member] \| Apartment Rental Agreement [Member]
Lease expiration date								Apr. 30, 2019
Rent expenses								$ 2,940
Harbin Jinfenglvyuan Biotechnology Co., Ltd [Member]
Purchased a used car		$ 3,054

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative)	May 01, 2018shares	Sep. 30, 2018USD ($)$ / sharesshares	Sep. 30, 2018CNY (¥)	Sep. 30, 2017USD ($)	Jun. 30, 2018USD ($)$ / sharesshares	Jun. 30, 2017USD ($)$ / sharesshares	Sep. 30, 2018¥ / sharesshares	Aug. 22, 2018shares
Reverse stock split	1 for 3
Maximum common stock awarded		375,000,000			375,000,000	375,000,000	375,000,000
Common stock, outstanding		19,254,846					19,254,846
Previous common stock, outstanding	57,511,771
Number of common stock sold		19,254,846			19,170,846	18,870,346	19,254,846
Common stock, per share \| $ / shares		$ 0.001			$ 0.001	$ 0.001
Proceeds from common stock \| $		$ 246,944		$ 1,432,550	$ 1,432,128	$ 1,687,740
Investor [Member]
Number of common stock sold		84,000					84,000
Common stock, per share \| $ / shares		$ 2.94
Proceeds from common stock \| $		$ 246,946
Investor [Member] \| CNY
Common stock, per share \| ¥ / shares							¥ 20
Proceeds from common stock \| ¥			¥ 1,680,000
Equity Incentive Plan 2018 [Member]
Maximum common stock awarded								4,000,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
INCOME TAXES (Details) - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Income Tax Disclosure [Abstract]
U.S. Statutory rate	$ (401,036)	$ (298,305)
Change in valuation allowance	401,036	298,305
Effective tax

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	3 Months Ended		12 Months Ended
INCOME TAXES (Details 1) - USD ($)	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Provisions For Income Taxes
Current
Deferred	92,915	102,135	401,036	298,305
Change in valuation allowance	(92,915)	(102,135)	(401,036)	(298,305)
Total

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Sep. 30, 2018	Jun. 30, 2018	Jun. 30, 2017
Net deferred tax asset
Deferred tax asset	$ 1,079,010	$ 986,095	$ 585,059
Valuation allowance	(1,079,010)	(986,095)	(585,059)
Net deferred tax asset

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	Dec. 22, 2017	Sep. 30, 2018	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Standard corporate income tax rate	21.00%	25.00%			25.00%
Previoulsy standard corporate income tax rate	35.00%
Net operating losses		$ 371,659			$ 1,604,000	$ 1,193,000	$ 408,537
Increase in valutation allowance			$ 92,915	$ 102,135	$ 401,036	$ 298,305

COMMITMENTS (Details Narrative)

COMMITMENTS (Details Narrative)	1 Months Ended		3 Months Ended		12 Months Ended
COMMITMENTS (Details Narrative)	Dec. 31, 2017USD ($)	Dec. 31, 2017CNY (¥)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Rent expense					$ 63,345	$ 63,790
Operating Lease Agreement [Member]
Lease expiration date	Feb. 28, 2019	Feb. 28, 2019
Monthly rent	$ 5,173
Future rental payment	$ 41,383
Rent expense			$ 15,519	$ 15,828
Operating Lease Agreement [Member] \| CNY
Monthly rent \| ¥		¥ 35,192
Future rental payment \| ¥		¥ 281,536
Property Management Contract [Member]
Lease expiration date	Feb. 28, 2019	Feb. 28, 2019
Monthly rent	$ 10,346
Rent expense	$ 82,766
Property Management Contract [Member] \| CNY
Monthly rent \| ¥		¥ 70,384
Rent expense \| ¥		¥ 563,072

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - shares	Sep. 30, 2018	Aug. 22, 2018	Jun. 30, 2018	Jun. 30, 2017
Common Shares, Sold	19,254,846		19,170,846	18,870,346
Subsequent Event [Member] \| Equity Incentive Plan 2018 [Member]
Common Shares, Sold		4,000,000