Capstone Systems (CPSN) 10-Q 22 Apr 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2018	Apr. 11, 2019
Document And Entity Information
Entity Registrant Name	CAPSTONE SYSTEMS INC.
Entity Central Index Key	0001651577
Document Type	10-Q
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		205,085,000
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Ex Transition Period	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Current assets
Cash and cash equivalents	$ 29,158	$ 47,037
Accounts receivable	145,424
Other receivables	15,108	192,557
Related party receivable	3,780	4,986
Prepaid expenses	12,522	209
Advance to suppliers	28,476	15,608
Total current assets	234,468	260,397
Note receivable	72,712	75,539
Plant and equipment, net	29,880	35,629
Intangible asset, net	68,544	2,215
Total assets	405,604	373,780
Current liabilities
Accounts payable	76,731	15,658
Taxes payable	126	20
Other payable	41,608	32,095
Related party payable	1,157,880	35,432
Accrued liabilities	34,000	26,000
Customer deposits	283,868	305,600
Total current liabilities	1,594,213	414,805
Stockholders' deficiency
Common stock, $0.001 par value, 2,000,000,000 shares authorized, 206,842,664 shares issued and outstanding, respectively	206,843	206,843
Additional paid-in capital	1,582,086	1,582,086
Accumulated deficit	(2,968,245)	(1,820,378)
Accumulated other comprehensive loss	(9,293)	(9,576)
Total Stockholders’ Deficiency	(1,188,609)	(41,025)
Total Liabilities and Stockholders’ Deficiency	$ 405,604	$ 373,780

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2018	Jun. 30, 2018
Stockholders' deficiency
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	2,000,000,000	2,000,000,000
Common stock shares issued	206,842,664	206,842,664
Common stock shares outstanding	206,842,664	206,842,664

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statement of Operations - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Unaudited Condensed Consolidated Statement Of Operations
Net revenues	$ 2,974	$ 14	$ 225,869	$ 33,547
Cost of revenues	8	2,565	821	32,122
Gross profit	2,966	(2,551)	225,048	1,425
Operating expenses:
Selling expense	719		719
General and administrative expenses	343,817	474,753	1,372,350	493,144
Total operating expenses	344,536	474,753	1,373,069	493,144
Operating loss	(341,570)	(477,304)	(1,148,021)	(491,719)
Other income (expenses):
Other income	68		180	2,089
Interest income	73	202	148	202
Interest expense	(121)		(174)
Total other income and (expenses)	20	202	154	2,291
Loss before taxes from operations	(341,550)	(477,102)	(1,147,867)	(489,428)
Provision for income taxes
Net loss	(341,550)	(477,102)	(1,147,867)	(489,428)
Other comprehensive income:
Foreign currency translation income	8,620	(8,525)	(9,293)	(9,795)
Comprehensive loss	$ (332,930)	$ (485,627)	$ (1,157,159)	$ (499,223)
Loss per share:
Basic and diluted loss per share	$ 0	$ 0	$ 0	$ 0
Basic and diluted weighted average shares outstanding	206,842,664	206,842,664	206,842,664	206,842,664

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Statement of Cash Flows - USD ($)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash Flows from Operating Activities
Net Loss	$ (1,147,867)	$ (489,428)
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization	6,290	43
Depreciation	4,895	292
Decrease/(increase) in accounts receivable	(145,424)
Decrease/(increase) in other receivables	177,449	(522,172)
Decrease/(increase) in related party receivables	1,206	(5,072)
Decrease/(increase) in inventory		(1,860)
Decrease/(increase) in advance to suppliers	(12,868)
Decrease/(increase) in prepaid expenses	(12,313)
Increase/(decrease) in accounts payable	61,074	3,602
Increase/(decrease) in taxes payable	107	(2,089)
Increase/(decrease) in other payable	9,512	152,496
Increase/(decrease) in related party payables	1,122,448	9,650
Increase/(decrease) in accrued liabilities	8,000
Increase/(decrease) in customer deposits	(21,733)
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES	50,776	(854,538)
Cash Flows from Investing Activities
Purchase of Fixed Assets		(16,358)
Purchase of Intangible Assets	(72,618)	(2,551)
NET CASH USED IN INVESTING ACTIVITIES	(72,618)	(18,910)
Cash Flows from Financing Activities
Proceeds from issuance of common stock		960,348
NET CASH PROVIDED BY FINANCING ACTIVITIES		960,348
NET DECREASE IN CASH	(21,842)	86,900
EFFECT OF CURRENCY TRANSLATION	3,963	(9,794)
CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD	47,037	2,294
CASH AND CASH EQUIVALENTS – ENDING OF PERIOD	29,158	79,400
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes
Cash received for interest income	$ 148	$ 202

Organization and Principal Acti

Organization and Principal Activities	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Note 1 - Organization and Principal Activities	Capstone Systems Inc. (the “Company”) was incorporated in the State of Nevada on April 1, 2015. The address of our business office is Yun Gu Hui, First Floor South Building, No.7 Tongren West Street, Xuanwu District, Nanjing, Jiangsu Province, PRC 210008 On January 15, 2018, the Company entered into a share exchange agreement with Yunguhui Group Limited (“Yunguhui Group”) and thirty-three stockholders of Yunguhui Group, together holding 100% of the issued and capital stocks of Yunguhui Group. Pursuant to the Share Exchange Agreement, in exchange for all of the issued and outstanding stocks of Yunguhui Group Limited, the Company issued to Yunguhui Group stockholders an aggregate of 201,757,664 shares of the Company’s common stock. This transaction has been accounted for a reverse takeover transaction and a recapitalization of the Company whereby the Company, the legal acquirer, is the accounting acquiree, and Yunguhui Group, the legal acquiree, is the accounting acquirer; accordingly, the Company historical statement of stockholders’ equity has been retroactively restated to the first period presented. On January 17, 2018, the Company filed a Certificate of Amendment with the State of Nevada to increase its authorized shares of common stock from 75,000,000 to 2,000,000,000. Yunguhui Group Limited (the “Yunguhui Group” or “Company”) was incorporated as an international business company in the Republic of Seychelles on November 2, 2017. Yunguhui Group’s wholly-owned subsidiary, Yunguhui Holdings Development Limited (“Yunguhui Holdings”) was incorporated as an international business company in the Republic of Seychelles on November 3, 2017. Yunguhui Holdings’ wholly-owned subsidiary, Yun Gu Hui International (Hong Kong) Development Limited (“Yunguhui Hong Kong”) was incorporated as a limited liability company in Hong Kong on December 6, 2017. Yunguhui Hong Kong’s wholly-owned subsidiary, Shenzhen Yunguhui Technology Development Limited (“Yunguhui Shenzhen”) was incorporated as a limited liability company in Shenzhen City, Guangdong Province, People’s Republic of China on February 22, 2018 as a wholly owned foreign enterprise (“WFOE”). Yunguhui Shenzhen’s wholly-owned subsidiary, Anhui Yunguhui Internet Technology Limited (“Yunguhu Anhui”) was incorporated as a limited liability company in Anhui City, Anhui Province, People’s Republic of China on July 28, 2017. Yunguhui Anhui’s wholly-owned subsidiaries, (1) Beijing Yunguhui Information Technology Co. Limited (“Yunguhui Beijing”) was incorporated as a limited liability company in Beijing City, People’s Republic of China on December 19, 2017 and (2) Nanjing Yunguhui Information Technology Co. Limited (“Yunguhui Nanjing”) was incorporated as a limited liability company in Nanjing City, Jiangsu Province, People’s Republic of China on December 20, 2017. On August 20, 2018, Yunguhui Shenzhen entered into a Management and Consultancy Service Agreement which entitles Yunguhui Shenzhen to substantially all of the economic benefits of Yunguhui Anhui and its Subsidiaries, all of which are PRC companies, in consideration of services provided by Yunguhui Shenzhen to Yunguhui Anhui and its Subsidiaries. In addition, Yunguhui Shenzhen entered into certain agreements with the shareholders of Yunguhui Anhui, Yusheng Jiang and Ding Yong (collectively, the “Yunguhui Anhui Shareholders”), as well as Yunguhui Anhui and its Subsidiaries, including (i) an Exclusive Right and Option to Purchase Agreement allowing Yunguhui Shenzhen to acquire the shares of Yunguhui Anhui as permitted by PRC laws, (ii) a Shareholders' Voting Rights Proxy Agreement that provides Yunguhui Shenzhen with the voting rights of the Yunguhui Anhui Shareholders and those of Yunguhui Anhui, and (iii) an Equity Pledge Agreement that pledges the shares in Yunguhui Anhui and its Subsidiaries to Yunguhui Shenzhen. This VIE structure provides Yunguhui Shenzhen, a wholly-owned subsidiary of Yunguhui, with control over the operations and benefits of Yunguhui Anhui and its Subsidiaries without having a direct equity ownership in Yunguhui Anhui and its subsidiaries. The Company’s primary business activities is to provide consulting services. Our financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in U.S. dollars. The Company’s fiscal year-end is June 30 th

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Note 2 - Summary of Significant Accounting Policies	Method of accounting Management has prepared the accompanying financial statements and these notes in accordance to generally accepted accounting principles in the United States of America; the Company maintains its general ledger and journals with the accrual method accounting. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its significant subsidiaries on a consolidated basis. The Company also includes subsidiaries over which a direct or indirect legal or effective control exists and for which the Company is deemed to direct the significant activities and has the obligation to absorb the losses or benefits of the entities. All intercompany accounts, balances and transactions with consolidated entities have been eliminated. Name of Subsidiary State or Jurisdiction of Organization of Entity Attributable equity interest Yunguhui Group Limited (“Yunguhui Group”) Republic of Seychelles 100% Yunguhui Holdings Development Limited (“Yunguhui Holdings”) Republic of Seychelles 100% Yun Gu Hui International (Hong Kong) Development Limited (“Yunguhui Hong Kong”) Hong Kong 100% Shenzhen Yunguhui Technology Development Limited (“Yunguhui Shenzhen”) PRC 100% Anhui Yunguhui Internet Technology Limited (“Yunguhui Anhui”) VIE Beijing Yunguhui Information Technology Co. Limited (“Yunguhui Beijing”) PRC 100% Nanjing Yunguhui Information Technology Co. Limited (“Yunguhui Nanjing”) PRC 100% Interim Financial Statements The accompanying unaudited financial statements have been prepared in accordance with Regulation S-X and do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim period(s), and to make the financial statements not misleading, have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim period(s) are not necessarily indicative of operations for a full year. Condensed Financial Statements Certain information and footnote disclosures normally included in the condensed financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s June 30, 2018 audited financial statements as filed in the most recent Form 10-K. The results of operations for the period ended December 31, 2018 are not necessarily indicative of the operating results for the full year. Use of estimates The preparation of the financial statements 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. Management makes these estimates using the best information available at the time the estimates are made; however, actual results could differ materially from those estimates. Cash and cash equivalents The Company considers all highly liquid investments purchased with original maturities of three months or less, and unencumbered bank deposits to be cash equivalents. Accounts receivable Accounts receivable are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An estimate for doubtful accounts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred. Plant and equipment Plant and equipment are carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method. The Company’s typically applies a salvage value of 0% to 10%. The estimated useful lives of the plant and equipment are as follows: Office Furniture 3 years Office equipment 3-5 years The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts, and any gain or loss are included in the Company’s results of operations. The costs of maintenance and repairs are recognized to expenses as incurred; significant renewals and betterments are capitalized. Intangible Asset Intangible assets are carried at cost and amortized on a straight-line basis over a specified period. Amortization is provided using the straight-line method over 5 years. Accounting for the impairment of long-lived assets The Company annually reviews its long-lived assets for impairment or whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. Impairment may be the result of becoming obsolete from a change in the industry, introduction of new technologies, or if the Company has inadequate working capital to utilize the long-lived assets to generate the adequate profits. Impairment is present if the carrying amount of an asset is less than its expected future undiscounted cash flows. If an asset is considered impaired, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the asset. Assets to be disposed are reported at the lower of the carrying amount or fair value less costs to sell. Statutory reserves Statutory reserves are referring to the amount appropriated from the net income in accordance with laws or regulations, which can be used to recover losses and increase capital, as approved, and are to be used to expand production or operations. PRC laws prescribe that an enterprise operating at a profit must appropriate and reserve, on an annual basis, an amount equal to 10% of its profit. Such an appropriation is necessary until the reserve reaches a maximum that is equal to 50% of the enterprise’s PRC registered capital. Foreign currency translation The accompanying financial statements are presented in United States dollars. The functional currencies of the Company are in Renminbi (RMB). The Company’s assets and liabilities are translated into United States dollars from RMB at year-end exchange rates, and its revenues and expenses are translated at the average exchange rate during the year. Capital accounts are translated at their historical exchange rates when the capital transactions occurred. 12/31/2018 6/30/2018 12/31/2017 Year/period end RMB: US$ exchange rate 6.8764 6.6191 6.5074 Annual/period average RMB: US$ exchange rate 6.8587 6.5052 6.6416 The RMB is not freely convertible into foreign currencies and all foreign exchange transactions must be conducted through authorized financial institutions. Revenue recognition The Company recognizes revenue when all the following criteria have been met: it has negotiated the terms of the transaction with the customer which includes setting a fixed sales price, it has transferred of possession of the product to the customer, the customer does not have the right to return the product, the customer is able to further sell or transfer the product onto others for economic benefit without any other obligation to be fulfilled by the Company, and the Company is reasonably assured that funds have been or will be collected from the customer. The Company's the amount of revenue recognized to the books reflects the value of goods invoiced, net of any value-added tax (VAT) or excise tax. Advertising All advertising costs are expensed as incurred. The Company incurred $0 in advertising expenses for the six-month periods ended December 31, 2018 and 2017. Research and development All research and development costs are expensed as incurred. The Company incurred $0 in research and development costs for the six-month periods ended December 31, 2018 and 2017. Retirement benefits Retirement benefits in the form of mandatory government sponsored defined contribution plans are charged to the either expenses as incurred or allocated to inventory as part of overhead. Income taxes The Company accounts for income tax using an asset and liability approach and allows for recognition of deferred tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future realization is uncertain. Comprehensive income The Company uses FASB ASC Topic 220, “Reporting Comprehensive Income”. Comprehensive income is comprised of net income and all changes to the statements of stockholders’ equity, except the changes in paid-in capital and distributions to stockholders due to investments by stockholders. Loss per share The Company computes earnings per share (“EPS”) in accordance with ASC Topic 260, “Earnings per share”. Basic EPS is measured as the income or loss available to common shareholders divided by the weighted average common shares outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis from the potential conversion of convertible securities or the exercise of options and or warrants; the dilutive effects of potentially convertible securities are calculated using the as-if method; the potentially dilutive effect of options or warrants are calculated using the treasury stock method. Securities that are potentially an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. Financial instruments The Company’s financial instruments, including cash and equivalents, accounts and other receivables, accounts and other payables, accrued liabilities and short-term debt, have carrying amounts that approximate their fair values due to their short maturities. ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: • Level 1 - inputs to the valuation methodology used quoted prices 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 Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” and ASC 815. Commitments and contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. Recent accounting pronouncements In January 2017, the FASB issued guidance which simplifies the accounting for goodwill impairment. The updated guidance eliminates Step 2 of the impairment test, which requires entities to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value, determined in Step 1. The Company is currently evaluating the impact on the financial statements of this guidance. In January 2017, the FASB amended the existing accounting standards for business combinations. The amendments 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. The Company is currently evaluating the impact on the financial statements of this guidance.

Going Concern

Going Concern	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Note 3 - Going Concern	The accompanying financial statements and notes have been prepared assuming that the Company will continue as a going concern. As of December 31, 2018, the Company had accumulated deficit of $2,968,245. The Company’s ability to continue as a going concern is dependent upon the Company’s ability to generate revenue to operate profitably or raise additional capital through debt financing and/or through sales of common stock. Management has funded operations from sales and through the cash proceeds from the issuance of stock. Until such a time as profitable operations are achieved, directors and related parties may from time to lend funds to the Company to fund operations. There are no written agreements in place for such funding or issuance of securities and there can be no assurance that such will be available in the future. Management believes that this plan provides an opportunity for the Company to continue as a going concern. The failure to achieve the necessary levels of profitability or obtain the additional funding would be detrimental to the Company.

Other receivables

Other receivables	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Note 4 - Other receivables	Other receivables consisted of advances to employees for job/travel disbursements consisted of advances to employees for transportation, meals, client entertainment, and set-up costs for new subsidiary establishments.

Note receivable

Note receivable	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Note 5 - Note receivable	On April 10, 2018, Beijing Yunguhui issued a note to Mr. Cheng, Yangbing, an unrelated party, in the amount of RMB 500,000 (USD $72,712) which is due on April 9, 2020. If the note is in default, a penalty of RMB 50,000 (USD $7,271) will be imposed on the note in addition the principal amount due.

Plant and Equipment

Plant and Equipment	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Note 6 - Plant and Equipment	12/31/2018 6/30/2018 At Cost: Office furniture $ 1,604 $ 1,226 Office equipment 37,510 38,742 $ 39,114 $ 39,968 Less (9,234 ) (4,339 ) $ 29,880 $ 35,629 Depreciation expense for the periods ended December 31, 2018 and 2017 was $4,895 and $292, respectively.

Intangible Asset

Intangible Asset	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Note 7 - Intangible Asset	12/31/2018 6/30/2018 At Cost: Software application $ 75,126 $ 2,508 Less (6,582 ) (293 ) $ 68,544 $ 2,215 Amortization expense for periods ended December 31, 2018 and 2017 was $6,290 and $43, respectively.

Related Party Receivables and P

Related Party Receivables and Payables	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Note 8 - Related Party Receivables and Payables	Related party receivable consisted of the following: 12/31/2018 6/30/2018 Huijin International Limited, shareholder $ 1,744 $ 1,812 Huichuang International Limited, shareholder 1,018 1,058 Huibang International Limited, shareholder - 1,058 Huiyang International Limited, shareholder 1,018 1,058 $ 3,780 $ 4,986 Related party receivables represented advances for operational use and in the normal course of business. The amounts are unsecured, interest-free and due on demand. Related party payables consisted of the following: 12/31/2018 6/30/2018 Huibang International Limited, shareholder $ 1,050,660 $ - Xu, Guoliang, official representative of Nanjing Yunguhui 54,518 - Xu, Jiyuan, CEO 52,702 $ 1,157,880 $ - Related party payables represented advances provided for operational use and in the normal course of business. For the period ended December 31, 2018, Huibang International Limited, a shareholder of the Company, entered into various loan agreements with numerous individuals where the proceeds were deposited to the bank account of Nanjing Yunguhui as a result of Huibang International not having established a bank account. The amounts are unsecured, interest-free and due on demand.

Customer Deposits

Customer Deposits	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Note 9 - Customer Deposits	Customer deposits represent prepayments from customers whom have engaged the Company to render services. The Company accounts for the amounts as liabilities until it has fulfilled all the criteria set forth under the significant accounting policy for revenue recognition at which point those amounts will be recognized the Company’s result of operations.

Equity

Equity	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Note 10 - Equity	The Company was incorporated on April 1, 2015 with 75,000,000 shares of common stock, par value of $0.001 per share, authorized as its capital stock. On May 11, 2015, the Company issued 4,000,000 shares of common stock for a purchase price of $0.001 per share to its sole director. The Company received aggregate gross proceeds of $4,000. In May 2016, the Company, pursuant to a Registration Statement on Form S-1, sold 1,085,000 shares to 31 independent shareholders for total proceeds of $43,400. On January 17, 2018, the Company amended its articles of incorporation increasing the authorized common stock from 75,000,000 shares to 2,000,000,000 shares. On January 15, 2018, the Company entered into a share exchange agreement with Yunguhui Group Limited (“Yunguhui Group”) and thirty-three stockholders of Yunguhui Group, together holding 100% of the issued and capital stocks of Yunguhui Group. Pursuant to the Share Exchange Agreement, in exchange for all of the issued and outstanding stocks of Yunguhui Group Limited, the Company issued to Yunguhui Group stockholders an aggregate of 201,757,664 shares of the Company’s common stock. This transaction has been accounted for a reverse takeover transaction and a recapitalization of the Company whereby the Company, the legal acquirer, is the accounting acquiree, and Yunguhui Group, the legal acquiree, is the accounting acquirer; accordingly, the Company historical statement of stockholders’ equity has been retroactively restated to the first period presented.

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Note 11 - Income Taxes	We use 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 year 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 de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented. Our effective tax rate for fiscal year 2018 will be 21%, which we expect to be fairly consistent in the near term. Our tax rate may also be affected by discrete items that may occur in any given year, but are not consistent from year to year. Income taxes are calculated and accrued for U.S. taxes only. The Company’s subsidiaries formed in the Republic of Seychelles is not subject to tax on its income or capital gains. In addition, upon payments of dividends by the Company to its shareholders, no withholding tax is imposed. The Company’s subsidiary formed in Hong Kong is subject to the profits tax rate at 16.5% for income generated and operation in the special administrative region. The Company’s subsidiaries incorporated in the PRC are subject to profits tax rate at 25% for income generated and operation in the country. The full realization of the tax benefit associated with the carry forward depends predominantly upon the Company’s ability to generate taxable income during the carry forward period. The Company’s subsidiaries incorporated in the PRC has unused net operating losses (“NOLs”) available for carry forward to future years for PRC income tax reporting purposes up to five years. The Company recorded a deferred tax asset in the amount of $0 at December 31, 2018. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain. The following table reconciles the statutory rates to the Company’s effective tax rate: 12/31/2018 12/31/2017 Statutory rates in the Republic of Seychelles - - Statutory rates in Hong Kong 16.5 % 16.5 % Statutory rates in PRC 25.0 % 25.0 % Foreign earned income not subject to taxes in the Republic of Seychelles (41.5 )% (41.5 )% Effective income tax rate 0 % 0 % Loss before taxes: United States $ (31,238 ) $ (12,281 ) Republic of Seychelles - (102,898 ) Hong Kong - (3,851 ) PRC (1,116,629 ) (370,398 ) $ (1,147,867 ) $ (489,428 )

Lease Commitments

Lease Commitments	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Note 12 - Lease Commitments	For the period ended December 31, 2018, the Company entered the following lease agreements: · Yunguhui Anhui entered into a five-year operating lease agreement leasing a two floored office commencing on July 1, 2017 and expiring on June 30, 2022. The monthly lease expense is RMB 9,147 (USD $1,330). · Yunguhui Beijing entered into a five-year operating lease agreement leasing an office commencing on August 21, 2017 and expiring on August 23, 2022. The monthly lease expense is RMB 94,354 (USD $13,721). · Yunguhui Nanjing entered into a twenty-five months operating lease agreement leasing an office commencing on November 18, 2016 and expiring on December 17, 2018. The lease was renewed on November 17, 2018, extending the lease for another twenty-five months expiring on December 17, 2020. The monthly lease expense is RMB 104,636 (USD $15,217). The minimum future lease payments for the office at December 31, 2018 are as follows: Period Lease Payable Year 1 $ 363,607 Year 2 348,390 Year 3 181,008 Year 4 116,586 $ 1,009,591 The outstanding lease commitments for the leases listed above as of December 31, 2018 was $1,009,591. The lease expense for the six-month periods ended December 31, 2018 and 2017 was $181,804 and $70,776.

Risks

Risks	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Note 13 - Risks	A. Credit risk The Company’s deposits are made with banks located in the PRC. They do not carry federal deposit insurance and may be subject to loss of the banks become insolvent. Since the Company’s inception, the age of account receivables has been less than one year indicating that the Company is subject to minimal risk borne from credit extended to customers. B. Economic and political risks The Company’s operations are conducted in the PRC. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by changes in the political, economic, and legal environments in the PRC. The Company’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things. C. Environmental risks The Company has procured environmental licenses required by the PRC government. The Company has both a water treatment facility for water used in its production process and secure transportation to remove waste off site. In the event of an accident, the Company has purchased insurance to cover potential damage to employees, equipment, and local environment. D. Inflation Risk Management monitors changes in prices levels. Historically inflation has not materially impacted the company’s financial statements; however, significant increases in the price of raw materials and labor that cannot be passed to the Company’s customers could adversely impact the Company’s results of operations.

Subsequent Events

Subsequent Events	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Notes 14 - Subsequent Events	The Company evaluates subsequent events that have occurred after the balance sheet date but before the financial statements are issued. There are two types of subsequent events: (1) recognized, or those that provide additional evidence with respect to conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements, and (2) non-recognized, or those that provide evidence with respect to conditions that did not exist at the date of the balance sheet but arose subsequent to that date. The Company has evaluated subsequent events from December 31, 2018 through the date the financial statements were available to be issued. There was no subsequent event at the report date.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2018
Summary Of Significant Accounting Policies
Method of accounting	Management has prepared the accompanying financial statements and these notes in accordance to generally accepted accounting principles in the United States of America; the Company maintains its general ledger and journals with the accrual method accounting.
Principles of Consolidation	The accompanying consolidated financial statements include the accounts of the Company and its significant subsidiaries on a consolidated basis. The Company also includes subsidiaries over which a direct or indirect legal or effective control exists and for which the Company is deemed to direct the significant activities and has the obligation to absorb the losses or benefits of the entities. All intercompany accounts, balances and transactions with consolidated entities have been eliminated. Name of Subsidiary State or Jurisdiction of Organization of Entity Attributable equity interest Yunguhui Group Limited (“Yunguhui Group”) Republic of Seychelles 100% Yunguhui Holdings Development Limited (“Yunguhui Holdings”) Republic of Seychelles 100% Yun Gu Hui International (Hong Kong) Development Limited (“Yunguhui Hong Kong”) Hong Kong 100% Shenzhen Yunguhui Technology Development Limited (“Yunguhui Shenzhen”) PRC 100% Anhui Yunguhui Internet Technology Limited (“Yunguhui Anhui”) VIE Beijing Yunguhui Information Technology Co. Limited (“Yunguhui Beijing”) PRC 100% Nanjing Yunguhui Information Technology Co. Limited (“Yunguhui Nanjing”) PRC 100%
Interim Financial Statements	The accompanying unaudited financial statements have been prepared in accordance with Regulation S-X and do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim period(s), and to make the financial statements not misleading, have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim period(s) are not necessarily indicative of operations for a full year.
Condensed Financial Statements	Certain information and footnote disclosures normally included in the condensed financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s June 30, 2018 audited financial statements as filed in the most recent Form 10-K. The results of operations for the period ended December 31, 2018 are not necessarily indicative of the operating results for the full year.
Use of estimates	The preparation of the financial statements 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. Management makes these estimates using the best information available at the time the estimates are made; however, actual results could differ materially from those estimates.
Cash and cash equivalents	The Company considers all highly liquid investments purchased with original maturities of three months or less, and unencumbered bank deposits to be cash equivalents.
Accounts receivable	Accounts receivable are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An estimate for doubtful accounts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred.
Plant and equipment	Plant and equipment are carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method. The Company’s typically applies a salvage value of 0% to 10%. The estimated useful lives of the plant and equipment are as follows: Office Furniture 3 years Office equipment 3-5 years The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts, and any gain or loss are included in the Company’s results of operations. The costs of maintenance and repairs are recognized to expenses as incurred; significant renewals and betterments are capitalized.
Intangible Asset	Intangible assets are carried at cost and amortized on a straight-line basis over a specified period. Amortization is provided using the straight-line method over 5 years.
Accounting for the impairment of long-lived assets	The Company annually reviews its long-lived assets for impairment or whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. Impairment may be the result of becoming obsolete from a change in the industry, introduction of new technologies, or if the Company has inadequate working capital to utilize the long-lived assets to generate the adequate profits. Impairment is present if the carrying amount of an asset is less than its expected future undiscounted cash flows. If an asset is considered impaired, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the asset. Assets to be disposed are reported at the lower of the carrying amount or fair value less costs to sell.
Statutory reserves	Statutory reserves are referring to the amount appropriated from the net income in accordance with laws or regulations, which can be used to recover losses and increase capital, as approved, and are to be used to expand production or operations. PRC laws prescribe that an enterprise operating at a profit must appropriate and reserve, on an annual basis, an amount equal to 10% of its profit. Such an appropriation is necessary until the reserve reaches a maximum that is equal to 50% of the enterprise’s PRC registered capital.
Foreign currency translation	The accompanying financial statements are presented in United States dollars. The functional currencies of the Company are in Renminbi (RMB). The Company’s assets and liabilities are translated into United States dollars from RMB at year-end exchange rates, and its revenues and expenses are translated at the average exchange rate during the year. Capital accounts are translated at their historical exchange rates when the capital transactions occurred. 12/31/2018 6/30/2018 12/31/2017 Year/period end RMB: US$ exchange rate 6.8764 6.6191 6.5074 Annual/period average RMB: US$ exchange rate 6.8587 6.5052 6.6416 The RMB is not freely convertible into foreign currencies and all foreign exchange transactions must be conducted through authorized financial institutions.
Revenue recognition	The Company recognizes revenue when all the following criteria have been met: it has negotiated the terms of the transaction with the customer which includes setting a fixed sales price, it has transferred of possession of the product to the customer, the customer does not have the right to return the product, the customer is able to further sell or transfer the product onto others for economic benefit without any other obligation to be fulfilled by the Company, and the Company is reasonably assured that funds have been or will be collected from the customer. The Company's the amount of revenue recognized to the books reflects the value of goods invoiced, net of any value-added tax (VAT) or excise tax.
Advertising	All advertising costs are expensed as incurred. The Company incurred $0 in advertising expenses for the six-month periods ended December 31, 2018 and 2017.
Research and development	All research and development costs are expensed as incurred. The Company incurred $0 in research and development costs for the six-month periods ended December 31, 2018 and 2017.
Retirement benefits	Retirement benefits in the form of mandatory government sponsored defined contribution plans are charged to the either expenses as incurred or allocated to inventory as part of overhead.
Income taxes	The Company accounts for income tax using an asset and liability approach and allows for recognition of deferred tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future realization is uncertain.
Comprehensive income	The Company uses FASB ASC Topic 220, “Reporting Comprehensive Income”. Comprehensive income is comprised of net income and all changes to the statements of stockholders’ equity, except the changes in paid-in capital and distributions to stockholders due to investments by stockholders.
Loss per share	The Company computes earnings per share (“EPS”) in accordance with ASC Topic 260, “Earnings per share”. Basic EPS is measured as the income or loss available to common shareholders divided by the weighted average common shares outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis from the potential conversion of convertible securities or the exercise of options and or warrants; the dilutive effects of potentially convertible securities are calculated using the as-if method; the potentially dilutive effect of options or warrants are calculated using the treasury stock method. Securities that are potentially an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS.
Financial instruments	The Company’s financial instruments, including cash and equivalents, accounts and other receivables, accounts and other payables, accrued liabilities and short-term debt, have carrying amounts that approximate their fair values due to their short maturities. ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: • Level 1 - inputs to the valuation methodology used quoted prices 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 Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” and ASC 815.
Commitments and contingencies	Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.
Recent accounting pronouncements	In January 2017, the FASB issued guidance which simplifies the accounting for goodwill impairment. The updated guidance eliminates Step 2 of the impairment test, which requires entities to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value, determined in Step 1. The Company is currently evaluating the impact on the financial statements of this guidance. In January 2017, the FASB amended the existing accounting standards for business combinations. The amendments 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. The Company is currently evaluating the impact on the financial statements of this guidance.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Dec. 31, 2018
Summary Of Significant Accounting Policies Tables Abstract
Schedule of accounts of the Company and its significant subsidiaries on a consolidated basis	Name of Subsidiary State or Jurisdiction of Organization of Entity Attributable equity interest Yunguhui Group Limited (“Yunguhui Group”) Republic of Seychelles 100% Yunguhui Holdings Development Limited (“Yunguhui Holdings”) Republic of Seychelles 100% Yun Gu Hui International (Hong Kong) Development Limited (“Yunguhui Hong Kong”) Hong Kong 100% Shenzhen Yunguhui Technology Development Limited (“Yunguhui Shenzhen”) PRC 100% Anhui Yunguhui Internet Technology Limited (“Yunguhui Anhui”) VIE Beijing Yunguhui Information Technology Co. Limited (“Yunguhui Beijing”) PRC 100% Nanjing Yunguhui Information Technology Co. Limited (“Yunguhui Nanjing”) PRC 100%
Schedule estimated useful lives of the plant and equipment	Office Furniture 3 years Office equipment 3-5 years
Schedule of foreign currency translation	12/31/2018 6/30/2018 12/31/2017 Year/period end RMB: US$ exchange rate 6.8764 6.6191 6.5074 Annual/period average RMB: US$ exchange rate 6.8587 6.5052 6.6416

Plant and Equipment (Tables)

Plant and Equipment (Tables)	6 Months Ended
	Dec. 31, 2018
Plant And Equipment
Plant and Equipment	12/31/2018 6/30/2018 At Cost: Office furniture $ 1,604 $ 1,226 Office equipment 37,510 38,742 $ 39,114 $ 39,968 Less (9,234 ) (4,339 ) $ 29,880 $ 35,629

Intangible Asset (Tables)

Intangible Asset (Tables)	6 Months Ended
	Dec. 31, 2018
Intangible Asset Tables Abstract
Intangible Asset	12/31/2018 6/30/2018 At Cost: Software application $ 75,126 $ 2,508 Less (6,582 ) (293 ) $ 68,544 $ 2,215

Related Party Receivables and_2

Related Party Receivables and Payables (Tables)	6 Months Ended
	Dec. 31, 2018
Related Party Receivables And Payables
Schedule Related party receivable	12/31/2018 6/30/2018 Huijin International Limited, shareholder $ 1,744 $ 1,812 Huichuang International Limited, shareholder 1,018 1,058 Huibang International Limited, shareholder - 1,058 Huiyang International Limited, shareholder 1,018 1,058 $ 3,780 $ 4,986
Schedule Related party payables	12/31/2018 6/30/2018 Huibang International Limited, shareholder $ 1,050,660 $ - Xu, Guoliang, official representative of Nanjing Yunguhui 54,518 - Xu, Jiyuan, CEO 52,702 $ 1,157,880 $ -

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2018
Income Taxes
Schedule of Effective Income Tax Rate Reconciliation	12/31/2018 12/31/2017 Statutory rates in the Republic of Seychelles - - Statutory rates in Hong Kong 16.5 % 16.5 % Statutory rates in PRC 25.0 % 25.0 % Foreign earned income not subject to taxes in the Republic of Seychelles (41.5 )% (41.5 )% Effective income tax rate 0 % 0 % Loss before taxes: United States $ (31,238 ) $ (12,281 ) Republic of Seychelles - (102,898 ) Hong Kong - (3,851 ) PRC (1,116,629 ) (370,398 ) $ (1,147,867 ) $ (489,428 )

Lease Commitments (Tables)

Lease Commitments (Tables)	6 Months Ended
	Dec. 31, 2018
Lease Commitments
Schedule of Future Lease Payments	Period Lease Payable Year 1 $ 363,607 Year 2 348,390 Year 3 181,008 Year 4 116,586 $ 1,009,591

Organization and Principal Ac_2

Organization and Principal Activities (Details Narrative) - shares	Jan. 15, 2018	Dec. 31, 2018	Jun. 30, 2018	Jan. 17, 2018	Jan. 16, 2018
State of incorporation		Nevada
Date of incorporation		Apr. 1, 2015
Common stock shares authorized		2,000,000,000	2,000,000,000	2,000,000,000	75,000,000
Yunguhui Group Limited [Member]
Equity method investment, ownership percentage acquired	100.00%
Business acquisition, equity interest issued as consideration	201,757,664

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Dec. 31, 2018
Yunguhui Group Limited [Member]
Name of Subsidiary	Yunguhui Group Limited (“Yunguhui Group”)
State or Jurisdiction of Organization of Entity	Republic of Seychelles
Attributable equity interest	100.00%
Yunguhui Holdings Development Limited [Member]
Name of Subsidiary	Yunguhui Holdings Development Limited (“Yunguhui Holdings”)
State or Jurisdiction of Organization of Entity	Republic of Seychelles
Attributable equity interest	100.00%
Yun Gu Hui International (Hong Kong) Development Limited [Member]
Name of Subsidiary	Yun Gu Hui International (Hong Kong) Development Limited (“Yunguhui Hong Kong”)
State or Jurisdiction of Organization of Entity	Hong Kong
Attributable equity interest	100.00%
Shenzhen Yunguhui Technology Development Limited [Member]
Name of Subsidiary	Shenzhen Yunguhui Technology Development Limited (“Yunguhui Shenzhen”)
State or Jurisdiction of Organization of Entity	PRC
Attributable equity interest	100.00%
Anhui Yunguhui Internet Technology Limited [Member]
Name of Subsidiary	Anhui Yunguhui Internet Technology Limited (“Yunguhui Anhui”)
State or Jurisdiction of Organization of Entity	VIE
Beijing Yunguhui Information Technology Co. Limited [Member]
Name of Subsidiary	Beijing Yunguhui Information Technology Co. Limited (“Yunguhui Beijing”)
State or Jurisdiction of Organization of Entity	PRC
Attributable equity interest	100.00%
Nanjing Yunguhui Information Technology Co. Limited [Member]
Name of Subsidiary	Nanjing Yunguhui Information Technology Co. Limited (“Yunguhui Nanjing”)
State or Jurisdiction of Organization of Entity	PRC
Attributable equity interest	100.00%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 1)	6 Months Ended
	Dec. 31, 2018
Office furniture [Member]
Property and equipment, estimated useful lives	3 years
Office equipment [Member] | Minimum [Member]
Property and equipment, estimated useful lives	3 years
Office equipment [Member] | Maximum [Member]
Property and equipment, estimated useful lives	5 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details 2)	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Summary Of Significant Accounting Policies Details 2Abstract
Year/period end RMB: US$ exchange rate	6.8764	6.6191	6.5074
Annual/period average RMB: US$ exchange rate	6.8587	6.5052	6.6416

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Advertising expenses	$ 0	$ 0
Amortization of intangible assets, term	5 years
Terms of statutory reserve	PRC laws prescribe that an enterprise operating at a profit must appropriate and reserve, on an annual basis, an amount equal to 10% of its profit. Such an appropriation is necessary until the reserve reaches a maximum that is equal to 50% of the enterprise’s PRC registered capital
Research and development expenses	$ 0	$ 0
Minimum [Member]
Property and equipment, salvage value percentage	0.00%
Maximum [Member]
Property and equipment, salvage value percentage	10.00%

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Going Concern
Accumulated deficit	$ (2,968,245)	$ (1,820,378)

Note receivable (Details Narrat

Note receivable (Details Narrative)	Dec. 31, 2018USD ($)
Note Receivable
Note issued by Beijing Yunguhui to Mr. Cheng Yangbing	$ 72,712
Debt default, penalty to be paid by Mr. Cheng to Beijing Yunguhui	$ 7,271

Plant and Equipment (Details)

Plant and Equipment (Details) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
At Cost:
Plant and equipment, gross	$ 39,114	$ 39,968
Less: Accumulated depreciation	(9,234)	(4,339)
Plant and equipment, net	29,880	35,629
Office furniture [Member]
At Cost:
Plant and equipment, gross	1,604	1,226
Office equipment [Member]
At Cost:
Plant and equipment, gross	$ 37,510	$ 38,742

Plant and Equipment (Details Na

Plant and Equipment (Details Narrative) - USD ($)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Plant And Equipment Details Narrative Abstract
Depreciation expense	$ 4,895	$ 292

Intangible Asset (Details)

Intangible Asset (Details) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
At Cost:
Less: Accumulated amortization	$ (6,582)	$ (293)
Intangible assets, net	68,544	2,215
Software application [Member]
At Cost:
Intangible assets, gross	$ 75,126	$ 2,508

Intangible Asset (Details Narra

Intangible Asset (Details Narrative) - USD ($)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Intangible Asset Details Narrative Abstract
Amortization expense	$ 6,290	$ 43

Related Party Receivables and_3

Related Party Receivables and Payables (Details) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Related party receivables	$ 3,780	$ 4,986
Huijin International Limited, shareholder [Member]
Related party receivables	1,744	1,812
Huichuang International Limited, shareholder [Member]
Related party receivables	1,018	1,058
Huibang International Limited, shareholder [Member]
Related party receivables		1,058
Huiyang International Limited, shareholder [Member]
Related party receivables	$ 1,018	$ 1,058

Related Party Receivables and_4

Related Party Receivables and Payables (Details 1) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Related party payables	$ 1,157,880
Huibang International Limited, shareholder [Member]
Related party payables	1,050,660
Xu, Guoliang, official representative of Nanjing Yunguhui [Member]
Related party payables	54,518
Xu, Jiyuan, CEO [Member]
Related party payables	$ 52,702

Equity (Details Narrative)

Equity (Details Narrative)	Jan. 15, 2018shares	May 11, 2015USD ($)$ / sharesshares	May 31, 2016USD ($)Integershares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)	Jun. 30, 2018$ / sharesshares	Jan. 17, 2018shares	Jan. 16, 2018shares
Common stock par value | $ / shares				$ 0.001		$ 0.001
Common stock shares authorized				2,000,000,000		2,000,000,000	2,000,000,000	75,000,000
Common stock shares issued				206,842,664		206,842,664
Proceeds from issuance of common stock | $					$ 960,348
Independent Shareholders [Member]
Common stock shares issued			1,085,000
Proceeds from issuance of common stock | $			$ 43,400
Number of independent shareholders | Integer			31
Yunguhui Group Limited [Member]
Equity method investment, ownership percentage acquired	100.00%
Business acquisition, equity interest issued as consideration	201,757,664
Director [Member]
Common stock shares issued		4,000,000
Shares issued, price per share | $ / shares		$ 0.001
Proceeds from issuance of common stock | $		$ 4,000
April 1, 2015 [Member]
Common stock par value | $ / shares				$ 0.001
Common stock shares authorized				75,000,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Effective income tax rate	0.00%	0.00%
Loss before taxes:
Loss before taxes	$ (1,147,867)	$ (489,428)
United States
Loss before taxes:
Loss before taxes	$ (31,238)	$ (12,281)
Republic of Seychelles
Statutory rate
Foreign earned income not subject to taxes	(41.50%)	(41.50%)
Loss before taxes:
Loss before taxes		$ (102,898)
Hong Kong
Statutory rate	16.50%	16.50%
Loss before taxes:
Loss before taxes		$ (3,851)
PRC
Statutory rate	25.00%	25.00%
Loss before taxes:
Loss before taxes	$ (1,116,629)	$ (370,398)

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - PRC	6 Months Ended
	Dec. 31, 2018USD ($)
Operating loss carryforward, expiry period	5 years
Deferred tax assets	$ 0

Lease Commitments (Details)

Lease Commitments (Details)	Dec. 31, 2018USD ($)
Lease Commitments Details Abstract
Lease Payable, Year 1	$ 363,607
Lease Payable, Year 2	348,390
Lease Payable, Year 3	181,008
Lease Payable, Year 4	116,586
Total future minimum payments due	$ 1,009,591

Lease Commitments (Details Narr

Lease Commitments (Details Narrative) - USD ($)	1 Months Ended	6 Months Ended
	Nov. 17, 2018	Dec. 31, 2018	Dec. 31, 2017
Outstanding lease commitments		$ 1,009,591
Lease expense		$ 181,804	$ 70,776
Operating lease agreement [Member] | Yunguhui Anhui [Member] | July 1, 2017 [Member]
Term of agreement		5 years
Lease expiration date		Jun. 30, 2022
Lease expense periodic payment		$ 1,330
Frequency of periodic payments		Monthly
Operating lease agreement [Member] | Yunguhui Beijing [Member] | August 21, 2017 [Member]
Term of agreement		5 years
Lease expiration date		Aug. 23, 2022
Lease expense periodic payment		$ 13,721
Frequency of periodic payments		Monthly
Operating lease agreement [Member] | Yunguhui Nanjing [Member] | November 18, 2016 [Member]
Term of agreement	25 months	25 months
Lease expiration date	Dec. 17, 2020	Dec. 17, 2018
Lease expense periodic payment	$ 15,217	$ 15,217
Frequency of periodic payments	Monthly	Monthly