Concentrations of Risks (Tables)

12 Months Ended

Jun. 30, 2020

Schedule of Major Customers with Revenue and Accounts Receivable

(a) Major customers

For the year ended June 30, 2020, the customers who accounted for 10% or more of the Company’s revenues and the accounts receivable balances at period-end are presented as follows:

	For the year ended June 30, 2020					As of June 30, 2020
	Revenues		Percentage of revenues			Accounts receivable
	(audited)		(audited)			(audited)
Customer A	$	438,845		100	%	$	213,053

Total:	$	438,845		100	%	$	213,053

For the year ended June 30, 2019, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at year end are presented as follows:

	For the year ended June 30, 2019					As of June 30, 2019
	Revenues		Percentage of revenues			Accounts receivable
	(audited)		(audited)			(audited)
Customer A	$	93,510		22	%	$	26,515
Customer B		234,968		55	%		-
Customer C		96,774		23	%		96,774

Total:	$	425,252		100	%	$	123,289

(b) Major vendors

For the year ended June 30, 2020, the vendors who accounted for 10% or more of the Company’s purchases and its accounts payable balance at year-end are presented as follows:

	For the year ended June 30, 2020					As of June 30, 2020
	Purchases		Percentage of purchases			Accounts payable
	(audited)		(audited)			(audited)
Vendor A	$	39,136		16	%		-
Vendor B		201,959		84	%

Total:	$	241,095		100	%		-

For the year ended June 30, 2019, the vendors who accounted for 10% or more of the Company’s purchases and its accounts payable balance at year-end are presented as follows:

	For the year ended June 30, 2019					As of June 30, 2019
	Purchases		Percentage of purchases			Accounts payable
	(audited)		(audited)			(audited)
Vendor A	$	79,986		26	%		-
Vendor B		209,275		69	%

Total:	$	289,261		95	%		-

Rito Group Corp. 10-K