Monday, May 14, 2018 1:28:15 PM
As of March 31, 2018, the Company provided a 10% allowance for doubtful accounts of the amount due from Zhiyuan. The Company expects that the above balance will be collected by March 2019.
As of March 31, 2018 and June 30, 2017, the outstanding amounts of advance to suppliers-related party consist of the following:
March 31, June 30,
2018 2017
Zhiyuan International Investment & Holding Group (Hong Kong) Co., Ltd. $ 3,601,421 $ 3,333,038
Total $ 3,601,421 $ 3,333,038
Who is the $1.182 million write off(Zhiyuan the whole amount?) and will they pay at a later date, adding to EPS?
"The only thing necessary for evil to succeed is for good men to do nothing"
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