Rito (RTTO) 10-Q 13 Feb 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2018	Feb. 12, 2019
Document And Entity Information
Entity Registrant Name	Rito Group Corp.
Entity Central Index Key	1,646,576
Document Type	10-Q
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		56,128,284
Trading Symbol	RTTO
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Jun. 30, 2018
CURRENT ASSETS
Account receivables	$ 32,258	$ 23,837
Deposits paid, prepayments and other receivables	23,910	17,446
Inventories	19,079	19,080
Cash and cash equivalents	622,632	1,066,636
Total current assets	697,879	1,126,999
NON-CURRENT ASSETS
Plant and equipment, net	222,580	222,174
TOTAL ASSETS	920,459	1,349,173
CURRENT LIABILITIES
Current portion of long-term bank loans	8,138	7,394
Accrued expenses and other payables	71,823	287,866
Due to directors	61,855	151,488
Total current liabilities	141,816	446,748
NON-CURRENT LIABILITIES
Long-term bank loans	27,913	32,168
TOTAL LIABILITIES	169,729	478,916
STOCKHOLDERS' EQUITY
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding
Common stock, $0.0001 par value, 600,000,000 shares authorized, 56,045,784 and 55,848,284 shares issued and outstanding as of December 31, 2018 and June 30, 2018 respectively	5,605	5,585
Additional paid-in capital	3,707,206	3,327,227
Accumulated other comprehensive income /(loss)	11,950	(1,281)
Accumulated deficit	(2,974,031)	(2,461,274)
TOTAL STOCKHOLDERS' EQUITY	750,730	870,257
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 920,459	$ 1,349,173

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2018	Jun. 30, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	56,045,784	55,848,284
Common stock, shares outstanding	56,045,784	55,848,284

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
REVENUE
Related party
Non-related party	105,613	19,758	205,188	28,509
COST OF REVENUE	(69,527)	(14,537)	(182,744)	(20,927)
GROSS PROFIT	36,086	5,221	22,444	7,582
OTHER INCOME	313	38	3,464	38
OPERATING EXPENSES
General and administrative	(275,630)	(173,693)	(535,804)	(389,027)
LOSS FROM OPERATIONS	(239,231)	(168,434)	(509,896)	(381,407)
Interest expense	(2,861)	(2,398)	(2,861)	(3,362)
LOSS BEFORE INCOME TAX	(242,092)	(170,832)	(512,757)	(384,769)
Income tax expense
NET LOSS	(242,092)	(170,832)	(512,757)	(384,769)
Other comprehensive loss:
Foreign currency translation loss	(13,151)		13,231	(10)
COMPREHENSIVE LOSS	$ (242,103)	$ (170,832)	$ (512,689)	$ (384,779)
Net loss per share - Basic and diluted	$ 0	$ 0	$ (0.01)	$ (0.01)
Weighted average number of common shares outstanding - Basic and diluted	56,008,855	54,811,806	55,987,155	54,735,569

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (512,757)	$ (384,769)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation	54,284
Interest expenses	2,861	3,362
Changes in operating assets and liabilities:
Subscriptions receivable
Trade receivables	(8,420)	(28,032)
Prepayments, deposits and other receivables	(6,464)	(52,826)
Trade payables		(9,109)
Other payables and accrued liabilities	(216,043)	341,748
Net cash used in operating activities	(686,539)	(129,626)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment	(54,690)	(121,778)
Net cash used in investing activities	(54,690)	(121,778)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of shares	380,000	385,500
Advances from directors	(89,634)
Drawdown of bank borrowings		45,032
Interest Paid	(2,861)	(3,362)
Repayment of bank borrowings	(3,511)	(2,301)
Net cash provided by financing activities	283,994	424,869
Effect of exchange rate changes on cash and cash equivalents	13,231	162
Net change in cash and cash equivalents	(444,004)	173,627
Cash and cash equivalents, beginning of period	1,066,636	80,487
CASH AND CASH EQUIVALENTS, END OF PERIOD	622,632	254,114
SUPPLEMENTAL CASH FLOWS INFORMATION
Cash paid for income taxes
Cash paid for interest expenses	$ (2,861)

Basis of Preparation

Basis of Preparation	6 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Preparation	NOTE 1 - BASIS OF PREPARATION The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial reporting and the rules and regulations of the Securities and Exchange Commission that permit reduced disclosure for interim periods. Therefore, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. In the opinion of management, the consolidated balance sheet as of December 31, 2018 which has been derived from audited financial statements and these unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary to state fairly the results for the periods presented. The results for the six months ended December 31, 2018 are not necessarily indicative of the results to be expected for the entire fiscal year ending June 30, 2019 or for any future period. These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Management’s Discussion and the audited financial statements and notes thereto included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2018.

Organization and Business Backg

Organization and Business Background	6 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business Background	NOTE 2 - ORGANIZATION AND BUSINESS BACKGROUND Rito Group Corp. (the “Company”) was incorporated on March 24, 2015 under the laws of the state of Nevada. The Company, through its subsidiaries, mainly engages in trading of retail goods such as cookware, jewelry and watches, AgriGaia Farming Products, and numerous other products. Details of the Company’s subsidiaries: Company name Place/date of incorporation Particulars of issued capital Equity ownership Principal activities 1. Sino Union International Limited (“Sino Union”) Anguilla January 3, 2014 84,500 shares of ordinary share of US$1 each 100% Investment holding 2. Rito International Enterprise Company Limited (“Rito International”) Hong Kong August 12, 2014 630,001 shares of ordinary share of HK$1 each 100% Trading of retail goods 3. 深圳市 汇图贸易有限公司 Shenzhen, PRC June 27, 2017 500,000 shares of ordinary share of RMB 1 each 100% Trading of retail goods, business and agriculture technology consulting Rito Group Corp. and its subsidiaries are hereinafter referred to as the “Company”.

Going Concern Uncertainties

Going Concern Uncertainties	6 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern Uncertainties	NOTE 3 - GOING CONCERN UNCERTAINTIES The accompanying financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of December 31, 2018, the Company suffered an accumulated deficit of $2,974,031 and continuously incurred a net operating loss of $512,757 for the six months ended December 31, 2018. The continuation of the Company as a going concern through June 30, 2018 is dependent upon improving the profitability and the continuing financial support from its stockholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. Furthermore, management plans to import healthy food and drinks produced by Taiwanese AgriGaia Biomimicry Farming System into Hong Kong and arrange the food and drinks to be sold in various outlets by our sole agent in Hong Kong. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not being able to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 4 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes. ● Basis of presentation The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). ● Basis of consolidation The condensed consolidated financial statements include the accounts of Rito Group Corp. and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation. ● Use of estimates In preparing these condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the periods reported. Actual results may differ from these estimates. ● Cash and cash equivalents The company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. ● Plant and equipment Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational: Categories Estimated useful life Residual value Leasehold improvement Over the shorter of estimated useful life or term of lease - Equipment 3-10 years - Motor Vehicle 3-10 years - Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the statement of operations. ● Trade receivables Trade receivables are recorded at the invoiced amount and do not bear interest. Management reviews the adequacy of the allowance for doubtful accounts on an ongoing basis, using historical collection trends and aging of receivables. Management also periodically evaluates individual customer’s financial condition, credit history, and the current economic conditions to make adjustments in the allowance when it is considered necessary. Trade balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. ● Revenue recognition In accordance with the Accounting Standard Codification (“ASC”) Topic 605 “Revenue Recognition” Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. Revenue from trading of retail goods and farming are recognized when title and risk of loss are transferred and there are no continuing obligations to the customer. Title and the risks and rewards of ownership transferred to and accepted by the customer when the products are collected by the customer at the Company’s office. Revenue is recorded net of sales discounts, returns, allowances, and other adjustments that are based upon management’s best estimates and historical experience and are provided for in the same period as the related revenues are recorded. Based on limited operating history, management estimates that there were no sales return for the period reported. The Company derives its revenue from sales of goods to individuals. Generally, the Company recognizes revenue when products are sold and accepted by the customers and there are no continuing obligations to the customer. ● Cost of revenues Cost of revenue includes the purchase cost of retail goods for re-sale to the customers, farm expense of direct labor, farm expense of seeds, fertilizers and others, and farm expense of consumables and tools. ● Income taxes The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” ASC Topic 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC Topic 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company did not have any unrecognized tax positions or benefits and there was no effect on the financial conditions or results of operations for the six months ended December 31, 2018. The Company conducts major businesses in Hong Kong and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file tax returns that are subject to examination by the foreign tax authority. ● Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260 “Earnings per share” ● Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company and its subsidiary in Anguilla is United States Dollars (“US$”). The Company’s subsidiary in Hong Kong maintains its books and record in Hong Kong Dollars (“HK$”), which is functional currency as being the primary currency of the economic environment in which the entity operates. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement” Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods: As of and for the six months ended December 31, 2018 2017 Period-end / average HK$ : US$1 exchange rate 7.75 7.75 Period-end / average RMB¥ : US$1 exchange rate 6.88 6.87 ● Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. ● Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, accounts receivable, deposits and other receivables, accounts payable, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. The Company follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” Level 1 Level 2 Level 3 Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. ● Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Shareholders' Equity	NOTE 5 - SHAREHOLDERS’ EQUITY From July to September, 2018, the Company issued 30,000 shares of its common stock at $1.5 per share for gross proceeds of $45,000 and 122,500 shares of its common stock at $2.00 per share for aggregate gross proceeds of $245,000. In November and December 2018, the Company issued an aggregated of 45,000 shares of its common stock at $2.00 per share for aggregate gross proceeds of $90,000.

Plant and Equipment

Plant and Equipment	6 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Plant and Equipment	NOTE 6 - PLANT AND EQUIPMENT As of December 31, 2018 June 30, 2018 (unaudited) (audited) Leasehold improvement $ 236,630 $ 207,062 Equipment 22,169 17,329 Motor vehicle 18,065 - 276,864 224,391 Less: Accumulated depreciation (54,284 ) (2,217 ) Total $ 222,580 $ 222,174 Depreciation expense, classified as operating expenses, was $54,284 for the six months ended December 31, 2018.

Long-Term Bank Loans

Long-Term Bank Loans	6 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Long-Term Bank Loans	NOTE 7 - LONG-TERM BANK LOANS As of December 31, 2018 June 30, 2018 (unaudited) (audited) Bank loan from financial institution in Hong Kong: The Hongkong and Shanghai Banking Corporation Limited $ 36,051 $ 39,562 36,051 39,562 Less: Current portion (8,138 ) (7,394 ) Long-term portion $ (27,913 ) $ 32,168 In July 2017, the Company obtained a loan in the principal amount of HKD349,000 (approximately $45,032) from The Hongkong and Shanghai Banking Corporation Limited, a financial institution in Hongkong which bears interest at the base lending rate less 0.7% flat rate per month with 60 monthly installments of HKD8,260 (approximately $1,066) each and will mature in July 2022.

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 8 - INCOME TAXES For the six months ended December 31, 2018 and 2017, the local (United States) and foreign components of loss before income taxes were comprised of the following: For the six months ended December 31, 2018 2017 (unaudited) (audited) Tax jurisdictions from: – Local $ (22,918 ) $ (29,300 ) – Foreign, representing Anguilla (2,072 ) (3,441 ) Hong Kong (486,891 ) (352,028 ) Shenzhen (876 ) - Loss before income taxes (512,757 ) (384,769 ) Provision for income taxes consisted of the following: For the six months ended December 31, 2018 2017 Current: – Local $ - $ - – Foreign (Hong Kong) - - Deferred: – Local - - – Foreign (Hong Kong) - - $ - $ - The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States, Anguilla and Hong Kong that are subject to taxes in the jurisdictions in which they operate, as follows: United States of America The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of December 31, 2018, the operations in the United States of America incurred $272,141 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carryforwards begin to expire in 2035, if unutilized. The Company has provided for a full valuation allowance of $57,149 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future. Currently the tax rate remains at 21%. Anguilla Under the current laws of the Anguilla, Sino Union is registered as an international business company which is governed by the International Business Companies Act of Anguilla and there is no income tax charged in Anguilla. Hong Kong Rito International is subject to Hong Kong Profits Tax, which is charged at the statutory income tax rate of 16.5% on its assessable income. For the six months ended December 31, 2018, no provision for income tax is required due to operating loss incurred. As of December 31, 2018, Rito International incurred $2,578,653 of cumulative net operating losses which can be carried forward to offset future taxable income at no expiration. The Company has provided for a full valuation allowance against the deferred tax assets of $425,478 on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future. People’s Republic of China 深圳市 汇图贸易有限公司 For the six months ended December 31, 2018, no provision for income tax is required due to operating loss incurred. As of December 31, 2018, 深圳市 汇图贸易有限公司 The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of December 31, 2018 and June 30, 2018: As of December 31, 2018 June 30, 2018 (unaudited) (audited) Deferred tax assets: Net operating loss carryforwards - United States of America $ 57,149 $ 52,337 - Hong Kong 425,478 345,141 - Shenzhen 500 281 $ 483,127 $ 397,759 Less: valuation allowance (483,127 ) (397,759 ) Deferred tax assets - - Management believes that it is more likely than not that the deferred tax assets will not be fully realizable in the future. Accordingly, the Company provided for a full valuation allowance against its deferred tax assets of $483,127 as of December 31, 2018. During the six months ended December 31, 2018, the valuation allowance increased by $85,368, primarily relating to net operating loss carryforwards from the various tax regime.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 9 - RELATED PARTY TRANSACTIONS For the six months ended December 31, 2018 2017 Professional fee paid to: - Related party A 1,746 7,292 - Related party B $ 10,803 $ 7,200 - Related party C 294 430 Website design and maintenance fee paid to: - Related party D 179 588 $ 13,023 $ 15,510 Related party A, B, C and D are the fellow subsidiaries of a corporate shareholder of the Company. The related party transactions are generally transacted in an arm-length basis at the current market value in the normal course of business.

Concentrations of Risks

Concentrations of Risks	6 Months Ended
	Dec. 31, 2018
Risks and Uncertainties [Abstract]
Concentrations of Risks	NOTE 10 - CONCENTRATIONS OF RISKS (a) Major customers For the three months ended December 31, 2018, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows: For the three months ended December 31, 2018 As of December 31, 2018 Revenue Percentage of revenue Accounts receivable Customer A $ 105,613 100 % $ 32,258 Total: $ 105,613 100 % $ 32,258 For the three months ended December 31, 2017, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows: For the three months ended December 31, 2017 As of December 31, 2017 Revenue Percentage of revenue Accounts receivable Customer A $ 19,758 100 % $ 19,758 Total: $ 19,758 100 % $ 19,758 For the six months ended December 31, 2018, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows: For the six months ended December 31, 2018 As of December 31, 2018 Revenue Percentage of revenue Accounts receivable Customer A $ 80,156 39 % $ 32,258 Customer B 125,032 61 % - Total: $ 205,188 100 % $ 32,258 For the six months ended December 31, 2017, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows: For the six months ended December 31, 2017 As of December 31, 2017 Revenue Percentage of revenue Accounts receivable Customer A $ 28,509 99 % $ 11,715 Total: $ 28,509 99 % $ 11,715 (b) Major vendors For the three months ended December 31, 2018, there was one vendor who accounted for 10% or more of the Company’s cost of revenues and its accounts payable balance at period-end are presented as follows: For the three months ended December 31, 2018 As of December 31, 2018 Purchases Percentage of purchases Accounts payable Vendor A $ 57,294 95 % $ - Total: $ 57,294 95 % $ - For the three months ended December 31, 2017, there was one vendor who accounted for 10% or more of the Company’s cost of revenues and its accounts payable balance at period-end are presented as follows: For the three months ended December 31, 2017 As of December 31, 2017 Purchases Percentage of purchases Accounts payable Vendor A $ 10,178 100 % $ - Total: $ 10,178 100 % $ - For the six months ended December 31, 2018, there was two vendor who accounted for 10% or more of the Company’s cost of revenues and its accounts payable balance at period-end are presented as follows: For the six months ended December 31, 2018 As of December 31, 2018 Purchases Percentage of purchases Accounts payable Vendor A $ 50,013 27 % $ - Vendor B 99,156 54 % $ - Total: $ 149,169 81 % $ - For the six months ended December 31, 2017, there was one vendor who accounted for 10% or more of the Company’s cost of revenues and its accounts payable balance at period-end are presented as follows: For the six months ended December 31, 2017 As of December 31, 2017 Purchases Percentage of purchases Accounts payable Vendor A $ 20,588 99 % $ - Total: $ 20,588 99 % $ - (c) Credit risk Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its accounts receivables is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 11 - COMMITMENTS AND CONTINGENCIES The Company leases an office premises in Hong Kong under a non-cancellable operating lease that expire on December 2018, with an aggregate fixed monthly rent of approximately $1,548. The aggregate lease expense for the three months ended December 31, 2018 and 2017 were $10451 and $4,645, respectively. The aggregate lease expense for the six months ended December 31, 2018 and 2017 were $18,968 and $9,290, respectively. As of December 31, 2019, the Company has the aggregate future minimum rental payments due under a non-cancellable operating lease in next two years, as follows: Period ending December 31: 2019 $ 41,806 2020 24,387 $ 66,193

Subsequent Events

Subsequent Events	6 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	NOTE 12 - SUBSEQUENT EVENTS In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after December 31, 2018 up through the date the Company presented this condensed consolidated financial statements. On January 11,2019, Rito Group Corp. (the “Company”) completed the issuance and sale of an aggregate of 15,000 shares at a price of $2.00 per share with each share consisting of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) in a private placement to Lai Kwai Chun (the “Investor”), pursuant to the Subscription Agreements dated as of January 11, 2019 between the Company and the Investor . The net proceeds to the Company amounted to $30,000. The $30,000 in proceeds went directly to the Company as working capital. On January 15,2019, Rito Group Corp. (the “Company”) completed the issuance and sale of an aggregate of 7,500 shares at a price of $2.00 per share with each share consisting of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) in a private placement to Cheng Sung Kuen Betty (the “Investor”), pursuant to the Subscription Agreements dated as of January 15, 2019 between the Company and the Investor . The net proceeds to the Company amounted to $15,000. The $15,000 in proceeds went directly to the Company as working capital. On January 30,2019, Rito Group Corp. (the “Company”) completed the issuance and sale of an aggregate of 37,500 shares at a price of $2.00 per share with each share consisting of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) in a private placement to Lui Tin Shing (the “Investor A”), pursuant to the Subscription Agreements dated as of January 30, 2019 between the Company and the Investor A. The net proceeds to the Company amounted to $75,000. The $75,000 in proceeds went directly to the Company as working capital. On January 31,2019, Rito Group Corp. (the “Company”) completed the issuance and sale of an aggregate of 7,500 shares at a price of $2.00 per share with each share consisting of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) in a private placement to Qi Wen Juan (the “Investor B”), pursuant to the Subscription Agreements dated as of January 31, 2019 between the Company and the Investor B. The net proceeds to the Company amounted to $15,000. The $15,000 in proceeds went directly to the Company as working capital. On January 31,2019, Rito Group Corp. (the “Company”) completed the issuance and sale of an aggregate of 7,500 shares at a price of $2.00 per share with each share consisting of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) in a private placement to Or Sau Bing (the “Investor C”), pursuant to the Subscription Agreements dated as of January 31, 2019 between the Company and the Investor C. The net proceeds to the Company amounted to $15,000. The $15,000 in proceeds went directly to the Company as working capital. On February 8,2019, Rito Group Corp. (the “Company”) completed the issuance and sale of an aggregate of 7,500 shares at a price of $2.00 per share with each share consisting of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) in a private placement to Lai Hoi Lam (the “Investor”), pursuant to the Subscription Agreements dated as of February 8, 2019 between the Company and the Investor A. The net proceeds to the Company amounted to $15,000. The $15,000 in proceeds went directly to the Company as working capital.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	● Basis of presentation The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).
Basis of Consolidation	● Basis of consolidation The condensed consolidated financial statements include the accounts of Rito Group Corp. and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.
Use of Estimates	● Use of estimates In preparing these condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the periods reported. Actual results may differ from these estimates.
Cash and Cash Equivalents	● Cash and cash equivalents The company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.
Plant and Equipment	● Plant and equipment Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational: Categories Estimated useful life Residual value Leasehold improvement Over the shorter of estimated useful life or term of lease - Equipment 3-10 years - Motor Vehicle 3-10 years - Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the statement of operations.
Trade Receivables	● Trade receivables Trade receivables are recorded at the invoiced amount and do not bear interest. Management reviews the adequacy of the allowance for doubtful accounts on an ongoing basis, using historical collection trends and aging of receivables. Management also periodically evaluates individual customer’s financial condition, credit history, and the current economic conditions to make adjustments in the allowance when it is considered necessary. Trade balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.
Revenue Recognition	● Revenue recognition In accordance with the Accounting Standard Codification (“ASC”) Topic 605 “Revenue Recognition” Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. Revenue from trading of retail goods and farming are recognized when title and risk of loss are transferred and there are no continuing obligations to the customer. Title and the risks and rewards of ownership transferred to and accepted by the customer when the products are collected by the customer at the Company’s office. Revenue is recorded net of sales discounts, returns, allowances, and other adjustments that are based upon management’s best estimates and historical experience and are provided for in the same period as the related revenues are recorded. Based on limited operating history, management estimates that there were no sales return for the period reported. The Company derives its revenue from sales of goods to individuals. Generally, the Company recognizes revenue when products are sold and accepted by the customers and there are no continuing obligations to the customer.
Cost of Revenues	● Cost of revenues Cost of revenue includes the purchase cost of retail goods for re-sale to the customers, farm expense of direct labor, farm expense of seeds, fertilizers and others, and farm expense of consumables and tools.
Income Taxes	● Income taxes The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” ASC Topic 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC Topic 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company did not have any unrecognized tax positions or benefits and there was no effect on the financial conditions or results of operations for the six months ended December 31, 2018. The Company conducts major businesses in Hong Kong and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file tax returns that are subject to examination by the foreign tax authority.
Net Loss Per Share	● Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260 “Earnings per share”
Foreign Currencies Translation	● Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company and its subsidiary in Anguilla is United States Dollars (“US$”). The Company’s subsidiary in Hong Kong maintains its books and record in Hong Kong Dollars (“HK$”), which is functional currency as being the primary currency of the economic environment in which the entity operates. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement” Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods: As of and for the six months ended December 31, 2018 2017 Period-end / average HK$ : US$1 exchange rate 7.75 7.75 Period-end / average RMB¥ : US$1 exchange rate 6.88 6.87
Related Parties	● Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.
Fair Value of Financial Instruments	● Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, accounts receivable, deposits and other receivables, accounts payable, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. The Company follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” Level 1 Level 2 Level 3 Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.
Recent Accounting Pronouncements	● Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

Organization and Business Bac_2

Organization and Business Background (Tables)	6 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Company's Subsidiaries	Details of the Company’s subsidiaries: Company name Place/date of incorporation Particulars of issued capital Equity ownership Principal activities 1. Sino Union International Limited (“Sino Union”) Anguilla January 3, 2014 84,500 shares of ordinary share of US$1 each 100% Investment holding 2. Rito International Enterprise Company Limited (“Rito International”) Hong Kong August 12, 2014 630,001 shares of ordinary share of HK$1 each 100% Trading of retail goods 3. 深圳市 汇图贸易有限公司 Shenzhen, PRC June 27, 2017 500,000 shares of ordinary share of RMB 1 each 100% Trading of retail goods, business and agriculture technology consulting

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Schedule of Estimated Useful Life of Plant and Equipment	Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational: Categories Estimated useful life Residual value Leasehold improvement Over the shorter of estimated useful life or term of lease - Equipment 3-10 years - Motor Vehicle 3-10 years -
Schedule of Exchange Rates Translation	Translation of amounts from the local currencies of the Company into US$ has been made at the following exchange rates for the respective periods: As of and for the six months ended December 31, 2018 2017 Period-end / average HK$ : US$1 exchange rate 7.75 7.75 Period-end / average RMB¥ : US$1 exchange rate 6.88 6.87

Plant and Equipment (Tables)

Plant and Equipment (Tables)	6 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of Plant and Equipment	As of December 31, 2018 June 30, 2018 (unaudited) (audited) Leasehold improvement $ 236,630 $ 207,062 Equipment 22,169 17,329 Motor vehicle 18,065 - 276,864 224,391 Less: Accumulated depreciation (54,284 ) (2,217 ) Total $ 222,580 $ 222,174

Long-Term Bank Loans (Tables)

Long-Term Bank Loans (Tables)	6 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule of Long-Term Bank Loans	As of December 31, 2018 June 30, 2018 (unaudited) (audited) Bank loan from financial institution in Hong Kong: The Hongkong and Shanghai Banking Corporation Limited $ 36,051 $ 39,562 36,051 39,562 Less: Current portion (8,138 ) (7,394 ) Long-term portion $ (27,913 ) $ 32,168

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Local (United States) and Foreign Components of Loss Before Income Taxes	For the six months ended December 31, 2018 and 2017, the local (United States) and foreign components of loss before income taxes were comprised of the following: For the six months ended December 31, 2018 2017 (unaudited) (audited) Tax jurisdictions from: – Local $ (22,918 ) $ (29,300 ) – Foreign, representing Anguilla (2,072 ) (3,441 ) Hong Kong (486,891 ) (352,028 ) Shenzhen (876 ) - Loss before income taxes (512,757 ) (384,769 )
Schedule of Provision for Income Taxes	Provision for income taxes consisted of the following: For the six months ended December 31, 2018 2017 Current: – Local $ - $ - – Foreign (Hong Kong) - - Deferred: – Local - - – Foreign (Hong Kong) - - $ - $ -
Schedule of Deferred Tax Assets	The following table sets forth the significant components of the aggregate deferred tax assets of the Company as of December 31, 2018 and June 30, 2018: As of December 31, 2018 June 30, 2018 (unaudited) (audited) Deferred tax assets: Net operating loss carryforwards - United States of America $ 57,149 $ 52,337 - Hong Kong 425,478 345,141 - Shenzhen 500 281 $ 483,127 $ 397,759 Less: valuation allowance (483,127 ) (397,759 ) Deferred tax assets - -

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	For the six months ended December 31, 2018 2017 Professional fee paid to: - Related party A 1,746 7,292 - Related party B $ 10,803 $ 7,200 - Related party C 294 430 Website design and maintenance fee paid to: - Related party D 179 588 $ 13,023 $ 15,510

Concentrations of Risks (Tables

Concentrations of Risks (Tables)	6 Months Ended
	Dec. 31, 2018
Risks and Uncertainties [Abstract]
Schedule of Major Customers with Revenue and Accounts Receivable	(a) Major customers For the three months ended December 31, 2018, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows: For the three months ended December 31, 2018 As of December 31, 2018 Revenue Percentage of revenue Accounts receivable Customer A $ 105,613 100 % $ 32,258 Total: $ 105,613 100 % $ 32,258 For the three months ended December 31, 2017, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows: For the three months ended December 31, 2017 As of December 31, 2017 Revenue Percentage of revenue Accounts receivable Customer A $ 19,758 100 % $ 19,758 Total: $ 19,758 100 % $ 19,758 For the six months ended December 31, 2018, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows: For the six months ended December 31, 2018 As of December 31, 2018 Revenue Percentage of revenue Accounts receivable Customer A $ 80,156 39 % $ 32,258 Customer B 125,032 61 % - Total: $ 205,188 100 % $ 32,258 For the six months ended December 31, 2017, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at period-end are presented as follows: For the six months ended December 31, 2017 As of December 31, 2017 Revenue Percentage of revenue Accounts receivable Customer A $ 28,509 99 % $ 11,715 Total: $ 28,509 99 % $ 11,715 (b) Major vendors For the three months ended December 31, 2018, there was one vendor who accounted for 10% or more of the Company’s cost of revenues and its accounts payable balance at period-end are presented as follows: For the three months ended December 31, 2018 As of December 31, 2018 Purchases Percentage of purchases Accounts payable Vendor A $ 57,294 95 % $ - Total: $ 57,294 95 % $ - For the three months ended December 31, 2017, there was one vendor who accounted for 10% or more of the Company’s cost of revenues and its accounts payable balance at period-end are presented as follows: For the three months ended December 31, 2017 As of December 31, 2017 Purchases Percentage of purchases Accounts payable Vendor A $ 10,178 100 % $ - Total: $ 10,178 100 % $ - For the six months ended December 31, 2018, there was two vendor who accounted for 10% or more of the Company’s cost of revenues and its accounts payable balance at period-end are presented as follows: For the six months ended December 31, 2018 As of December 31, 2018 Purchases Percentage of purchases Accounts payable Vendor A $ 50,013 27 % $ - Vendor B 99,156 54 % $ - Total: $ 149,169 81 % $ - For the six months ended December 31, 2017, there was one vendor who accounted for 10% or more of the Company’s cost of revenues and its accounts payable balance at period-end are presented as follows: For the six months ended December 31, 2017 As of December 31, 2017 Purchases Percentage of purchases Accounts payable Vendor A $ 20,588 99 % $ - Total: $ 20,588 99 % $ -

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments	Period ending December 31: 2019 $ 41,806 2020 24,387 $ 66,193

Organization and Business Bac_3

Organization and Business Background - Summary of Company's Subsidiaries (Details)	6 Months Ended
	Dec. 31, 2018
Sino Union [Member]
Company name	Sino Union International Limited ("Sino Union")
Place/date of incorporation	Anguilla January 3, 2014
Particulars of issued capital	84,500 shares of ordinary share of US$1 each
Equity ownership	100.00%
Principal activities	Investment holding
Rito International [Member]
Company name	Rito International Enterprise Company Limited ("Rito International")
Place/date of incorporation	Hong Kong August 12, 2014
Particulars of issued capital	630,001 shares of ordinary share of HK$1 each
Equity ownership	100.00%
Principal activities	Trading of retail goods
Shenzhen Huitu Trade [Member]
Company name	Shenzhen Huitu Trading Co., Ltd.
Place/date of incorporation	Shenzhen, PRC June 27, 2017
Particulars of issued capital	500,000 shares of ordinary share of RMB 1 each
Equity ownership	100.00%
Principal activities	Trading of retail goods, business and agriculture technology consulting

Going Concern Uncertainties (De

Going Concern Uncertainties (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ (2,974,031)		$ (2,974,031)		$ (2,461,274)
Net operating loss	$ (242,092)	$ (170,832)	$ (512,757)	$ (384,769)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative)	6 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Percentage of recognized benefit likelihood of being realized upon ultimate settlement	Greater than 50%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Estimated Useful Life of Plant and Equipment (Details)	6 Months Ended
	Dec. 31, 2018USD ($)
Leasehold Improvement [Member]
Estimated useful life, description	Over the shorter of estimated useful life or term of lease
Residual value
Equipment [Member]
Residual value
Equipment [Member] | Minimum [Member]
Estimated useful life	3 years
Equipment [Member] | Maximum [Member]
Estimated useful life	10 years
Motor Vehicle [Member]
Residual value
Motor Vehicle [Member] | Minimum [Member]
Estimated useful life	3 years
Motor Vehicle [Member] | Maximum [Member]
Estimated useful life	10 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Exchange Rates Translation (Details)	Dec. 31, 2018	Dec. 31, 2017
Hong Kong, Dollars [Member]
Period-end / average exchange rate	7.75	7.75
China, Yuan Renminbi [Member]
Period-end / average exchange rate	6.88	6.87

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Exchange Rates Translation (Details) (Parenthetical) - USD ($)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Hong Kong, Dollars [Member]
Exchange rate	$ 1	$ 1
China, Yuan Renminbi [Member]
Exchange rate	$ 1	$ 1

Shareholders' Equity (Details N

Shareholders' Equity (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended	6 Months Ended
	Dec. 31, 2018	Nov. 30, 2018	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Gross proceeds from issuance of common stock				$ 380,000	$ 385,500
Common Stock One [Member]
Number of common stock shares issued during the period			30,000
Share subscription price per share			$ 1.5
Gross proceeds from issuance of common stock			$ 45,000
Common Stock Two [Member]
Number of common stock shares issued during the period			122,500
Share subscription price per share			$ 2
Gross proceeds from issuance of common stock			$ 245,000
Common Stock [Member]
Number of common stock shares issued during the period	45,000	45,000
Share subscription price per share	$ 2	$ 2		$ 2
Gross proceeds from issuance of common stock	$ 90,000	$ 90,000

Plant and Equipment (Details Na

Plant and Equipment (Details Narrative)	6 Months Ended
	Dec. 31, 2018USD ($)
Property, Plant and Equipment [Abstract]
Depreciation expense classified as operating expenses	$ 54,284

Plant and Equipment - Schedule

Plant and Equipment - Schedule of Plant and Equipment (Details) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Plant and Equipment, gross	$ 276,864	$ 224,391
Less: Accumulated depreciation	(54,284)	(2,217)
Total	222,580	222,174
Leasehold Improvement [Member]
Plant and Equipment, gross	236,630	207,062
Equipment [Member]
Plant and Equipment, gross	22,169	17,329
Motor Vehicle [Member]
Plant and Equipment, gross	$ 18,065

Long-Term Bank Loans (Details N

Long-Term Bank Loans (Details Narrative) - Hongkong and Shanghai Banking Corporation Limited [Member]	1 Months Ended
	Jul. 31, 2017USD ($)
Principal amount of loan	$ 45,032
Loan interest rate	0.70%
Number of installments	60 monthly installments
Loan monthly installment amount	$ 1,066
Loan maturity date	Jul. 31, 2022
Hong Kong, Dollars [Member]
Principal amount of loan	$ 349,000
Loan monthly installment amount	$ 8,260

Long-Term Bank Loans - Schedule

Long-Term Bank Loans - Schedule of Long-Term Bank Loans (Details) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Bank loan	$ 36,051	$ 39,562
Less: Current portion	(8,138)	(7,394)
Long-term portion	27,913	32,168
Hongkong and Shanghai Banking Corporation Limited [Member]
Bank loan	$ 36,051	$ 39,562

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	6 Months Ended
	Dec. 31, 2018USD ($)
Deferred tax assets valuation allowance	$ 483,127
Change in valuation allowance	85,368
United States of America [Member]
Net operating losses carryforwards	$ 272,141
Net operating loss carryforwards expiration year	2,035
Deferred tax assets valuation allowance	$ 57,149
Tax rate	21.00%
Hong Kong [Member]
Net operating losses carryforwards	$ 2,578,653
Deferred tax assets valuation allowance	$ 425,478
Statutory income tax rate	16.50%
People's Republic of China [Member]
Net operating losses carryforwards	$ 2,001
Deferred tax assets valuation allowance	$ 500
Statutory income tax rate	25.00%

Income Taxes - Schedule of Loca

Income Taxes - Schedule of Local (United States) and Foreign Components of Loss Before Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Loss before income taxes	$ (242,092)	$ (170,832)	$ (512,757)	$ (384,769)
Local [Member]
Loss before income taxes			(22,918)	(29,300)
Anguilla [Member]
Loss before income taxes			(2,072)	(3,441)
Hong Kong [Member]
Loss before income taxes			(486,891)	(352,028)
Shenzhen [Member]
Loss before income taxes			$ (876)

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision for Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Provision for income taxes Current - Local
Provision for income taxes Current - Foreign
Provision for income taxes Deferred - Local
Provision for income taxes Deferred - Foreign
Income tax expense

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Deferred tax assets, gross	$ 483,127	$ 397,759
Less: valuation allowance	(483,127)	(397,759)
Deferred tax assets
United States of America [Member]
Deferred tax assets, gross	57,149	52,337
Hong Kong [Member]
Deferred tax assets, gross	425,478	345,141
Shenzhen [Member]
Deferred tax assets, gross	$ 500	$ 281

Related Party Transactions - Sc

Related Party Transactions - Schedule of Related Party Transactions (Details) - USD ($)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Related party transaction, Total	$ 13,023	$ 15,510
Related Party A [Member]
Professional fee paid	1,746	7,292
Related Party B [Member]
Professional fee paid	10,803	7,200
Related Party C [Member]
Professional fee paid	294	430
Related Party D [Member]
Website design and maintenance fee paid	$ 179	$ 588

Concentrations of Risks (Detail

Concentrations of Risks (Details Narrative)	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Revenues and Accounts Receivable [Member] | Customer [Member]
Concentration risk percentage	10.00%	10.00%	10.00%	10.00%
Cost of Revenues and Accounts Payable [Member] | One Vendor [Member]
Concentration risk percentage	10.00%	10.00%		10.00%
Cost of Revenues and Accounts Payable [Member] | Two Vendor [Member]
Concentration risk percentage			10.00%

Concentrations of Risks - Sched

Concentrations of Risks - Schedule of Major Customers with Revenue and Accounts Receivable (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Revenue [Member]
Revenue	$ 105,613	$ 19,758	$ 205,188	$ 28,509
Percentage of revenue	100.00%	100.00%	100.00%	99.00%
Accounts Receivable [Member]
Accounts receivable	$ 32,258	$ 19,758	$ 32,258	$ 19,758
Accounts Receivable One [Member]
Accounts receivable		11,715		11,715
Customer A [Member] | Revenue [Member]
Revenue	$ 105,613	$ 19,758	$ 80,156	$ 28,509
Percentage of revenue	100.00%	100.00%	39.00%	99.00%
Customer A [Member] | Accounts Receivable [Member]
Accounts receivable	$ 32,258	$ 19,758	$ 32,258	$ 19,758
Customer A [Member] | Accounts Receivable One [Member]
Accounts receivable		11,715		11,715
Customer B [Member] | Revenue [Member]
Revenue			$ 125,032
Percentage of revenue			61.00%
Customer B [Member] | Accounts Receivable [Member]
Accounts receivable	32,258		$ 32,258
Customer A [Member] | Accounts Receivable [Member]
Accounts receivable
Vendor A [Member] | Revenue [Member]
Revenue	$ 57,294	$ 10,178	$ 50,013	$ 20,588
Percentage of revenue	95.00%	100.00%	27.00%	99.00%
Vendor A [Member] | Accounts Payable [Member]
Accounts payable
One Vendor [Member] | Revenue [Member]
Revenue	$ 57,294	$ 10,178		$ 20,588
Percentage of revenue	95.00%	100.00%		99.00%
One Vendor [Member] | Accounts Payable [Member]
Accounts payable
Vendor B [Member] | Revenue [Member]
Revenue			$ 99,156
Percentage of revenue			54.00%
Vendor B [Member] | Accounts Payable [Member]
Accounts payable
Two Vendor [Member] | Revenue [Member]
Revenue			$ 149,169
Percentage of revenue			81.00%
Two Vendor [Member] | Accounts Payable [Member]
Accounts payable

Commitments and Contingencies_2

Commitments and Contingencies (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Aggregate lease expense	$ 10,451	$ 4,645	$ 18,968	$ 9,290
Hong Kong [Member]
Operating lease expiration date			Dec. 31, 2018
Future minimum rental payments	$ 1,548		$ 1,548

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Future Minimum Rental Payments (Details)	Dec. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,019	$ 41,806
2,020	24,387
Total	$ 66,193

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Feb. 08, 2019	Jan. 31, 2019	Jan. 30, 2019	Jan. 15, 2019	Jan. 11, 2019	Dec. 31, 2018	Nov. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Common stock, par value						$ 0.0001		$ 0.0001		$ 0.0001
Proceeds from issuance								$ 380,000	$ 385,500
Common Stock [Member]
Proceeds from issuance						$ 90,000	$ 90,000
Subsequent Event [Member] | Investor [Member] | Common Stock [Member]
Aggregate to sale of issuance	7,500			7,500	15,000
Sale of price per shares	$ 2			$ 2	$ 2
Common stock, par value	$ 0.0001			$ 0.0001	$ 0.0001
Proceeds from issuance	$ 15,000			$ 15,000	$ 30,000
Subsequent Event [Member] | Investor A [Member] | Common Stock [Member]
Aggregate to sale of issuance			37,500
Sale of price per shares			$ 2
Common stock, par value			$ 0.0001
Proceeds from issuance			$ 75,000
Subsequent Event [Member] | Investor B [Member] | Common Stock [Member]
Aggregate to sale of issuance		7,500
Sale of price per shares		$ 2
Common stock, par value		$ 0.0001
Proceeds from issuance		$ 15,000
Subsequent Event [Member] | Investor C [Member] | Common Stock [Member]
Aggregate to sale of issuance		7,500
Sale of price per shares		$ 2
Common stock, par value		$ 0.0001
Proceeds from issuance		$ 15,000