CHINA MEDIA INC.

CIK:0001434674|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Selling, general and administrative	$ 35,498	$ 35,846	$ 148,331	$ 154,287
Total operating expenses	35,498	35,846	148,331	154,287
Other income (expense)
Interest expense	8,733	6,299	25,350	21,819
Net income before income taxes	(44,231)	(42,145)	(173,681)	(176,106)
Income taxes benefit
Net loss	(44,231)	(42,145)	(173,681)	(176,106)
Comprehensive income
Net loss	(44,231)	(42,145)	(173,681)	(176,106)
Foreign currency translation gain (loss)	6,719	20,552	(99,771)	34,954
Comprehensive income (loss)	$ (37,512)	$ (21,593)	$ (273,452)	$ (141,152)
Net income per common share, basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of shares outstanding-basic and diluted	39,750,000	39,750,000	39,750,000	39,750,000

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CASH FLOWS OPERATING ACTIVITIES
Net loss	$ (173,681)	$ (176,106)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Imputed interest	25,297	25,297
Operating lease right-of-use asset - related party	13,510	12,255
Changes in operating assets and liabilities:
Accounts payable	(293)
Accrued liabilities and other payable	15,323	39,049
Operating lease liability - related party	1,547	2,078
Net cash provided by (used in) operating activities	(118,297)	(100,951)
CASH FLOW FINANCING ACTIVITIES
Proceeds from related parties	118,168	94,805
Net cash used in financing activities	118,168	94,805
Effect of exchange rate changes on cash	103	5,425
NET CHANGE IN CASH AND CASH EQUIVALENTS	(26)	(721)
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR	1,351	2,603
CASH AND CASH EQUIVALENTS AT END OF THE YEAR	1,325	1,882
SUPPLEMENTAL INFORMATION:
Interest paid
Income taxes paid

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Current assets
Cash and cash equivalents	$ 1,325	$ 1,351
Other receivable, net of allowance of $123,769 and $114,758 at March 31, 2021 and June 30, 2020,	3,960	3,671
Total current assets	5,285	5,022
Fixed assets, net	364	338
Operating lease right-of-use asset - related party	34,110	44,385
Total non-current assets	34,474	44,723
Total Assets	39,759	49,745
Current liabilities
Accounts payable	14,808	14,224
Accrued liabilities and other payable	378,912	336,855
Accrued liabilities - related party	46,086	42,730
Operating lease liability, current - related party	85,595	64,514
Due to related parties	986,155	802,766
Total current liabilities	1,511,556	1,261,089
Operating lease liability, non-current - related party	14,972	27,270
Total non-current liabilities	14,972	27,270
Total liabilities	1,526,528	1,288,359
Stockholders' equity
Common stock, $0.00001 par value, 180,000,000 shares authorized; 39,750,000 shares issued and outstanding at March 31, 2021 and June 30, 2020, respectively	398	398
Additional paid-in capital	11,375,618	11,350,321
Accumulated other comprehensive income	562,347	662,118
Accumulated deficit	(13,425,132)	(13,251,451)
Total stockholders' equity	(1,486,769)	(1,238,614)
Total liabilities and stockholders' equity	$ 39,759	$ 49,745