Cang Bao Tian Xia International Art Trade Center, Inc.
CIK:0001006840|SEC Filings
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Mar. 31, 2022 |
Mar. 31, 2021 |
Mar. 31, 2022 |
Mar. 31, 2021 |
|
| Income Statement [Abstract] | ||||
| Net revenues | $ 1,401,979 | $ (727,957) | $ 1,408,228 | $ 578,845 |
| Cost of revenues | 1,735,905 | 11,697 | 3,406,217 | 624,119 |
| Gross profit | (333,926) | (739,654) | (1,997,989) | (45,274) |
| Operating expenses: | ||||
| Selling and marketing expenses | 494,945 | 1,028,992 | 6,059,868 | 4,134,199 |
| General & administration expenses | 236,767 | 1,346,379 | 4,134,199 | |
| Total operating expenses | 731,712 | 1,028,992 | 7,406,247 | 4,134,199 |
| Operating loss | (1,065,638) | (1,768,646) | (9,404,236) | (4,179,473) |
| Other income (expenses): | ||||
| Interest income | 611 | 21,145 | 1,730 | 23,412 |
| Interest expense | ||||
| Other income | 4 | 121 | 3,359 | |
| Other expenses | (20,094) | |||
| Total other income (expenses) | 615 | 21,266 | (18,364) | 26,771 |
| Loss before income taxes | (1,065,023) | (1,747,380) | (9,422,600) | (4,152,702) |
| Provision for income taxes | 25 | 108 | 1,798 | |
| Net loss | (1,065,023) | (1,747,405) | (9,422,708) | (4,154,500) |
| Other comprehensive income: | ||||
| Foreign currency translation loss | (98,980) | 286,139 | (349,134) | (113,697) |
| Comprehensive loss | $ (1,164,003) | $ (1,461,266) | $ (9,771,842) | $ (4,268,197) |
| Loss per share | ||||
| - Basic | $ (0.01) | $ (0.02) | $ (0.09) | $ (0.04) |
| - Diluted | $ (0.01) | $ (0.02) | $ (0.09) | $ (0.04) |
| Weighted average shares outstanding | ||||
| - Basic | 110,319,245 | 103,451,113 | 110,319,245 | 103,451,113 |
| - Diluted | 110,319,245 | 103,451,113 | 110,319,245 | 103,451,113 |