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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2021
Jun. 30, 2021
Jun. 30, 2020
CURRENT ASSETS      
Cash and cash equivalents $ 17,281,380 $ 16,072,955 [1] $ 9,813,188
Accounts receivable, net 1,458,312 1,070,541 [1] 717,841
Accounts receivable - related parties 1,761,830 2,038,054 [1] 2,610,917
Inventories 2,109,390 1,951,792 [1] 1,174,603
Prepaid income tax and tax receivable 856,072 747,343 [1] 857,793
Investments, at fair value 1,322,642 1,828,926 [1] 1,820,516
Other current assets 318,218 399,524 [1] 603,944
Total current assets 25,107,844 24,109,135 [1] 17,598,802
Restricted cash 13,748 13,989 [1] 12,854
Property, plant and equipment, net 1,471,602 1,573,445 [1] 1,197,192
Operating lease right-of-use asset 893,562 1,058,199 [1] 733,917
Goodwill 1,043,473 1,043,473 [1] 915,790
Intangible assets, net 2,259,494 2,341,803 [1] 2,541,285
Deferred tax assets, net - United States 827,476 827,476 [1] 767,472
Other assets, long - term 540,160 540,160 [1] 523,607
Total assets 32,157,359 31,507,680 [1] 24,290,919
CURRENT LIABILITIES      
Accounts payable and accrued expenses 6,622,022 3,862,874 [1] 2,843,616
Expense waivers – related parties 108,012 69,684 [1] 421,892
Operating lease liabilities, current portion 457,586 513,071 [1] 323,395
Notes payable - related parties 603,500 603,500 [1] 3,500
Loans-property and equipment, current portion 14,840 15,094 [1] 13,196
Total current liabilities 7,805,960 5,064,223 [1] 3,605,599
LONG-TERM LIABILITIES      
Notes payable - related parties   600,000
Loans-property and equipment, net of current portion 365,838 379,804 [1] 359,845
Operating lease liabilities, net of current portion 496,629 607,560 [1] 447,062
Deferred tax liabilities, net - foreign 169,429 169,429 [1] 128,517
Total long-term liabilities 1,031,896 1,156,793 [1] 1,535,424
Total liabilities 8,837,856 6,221,016 [1] 5,141,023
STOCKHOLDERS’ EQUITY      
Convertible preferred stock, $0.001 par value; 50,000,000 authorized Series B: 49,360 at June 30, 2021 and 53,032 issued and outstanding at June 30, 2020 49 49 [1] 53
Common stock, $0.001 par value; 900,000,000 shares authorized; 37,485,959 shares issued and outstanding at June 30, 2021 and 37,412,519 at June 30, 2020 37,486 37,486 [1] 37,413
Additional paid-in capital 9,330,843 9,330,843 [1] 9,330,912
Accumulated other comprehensive income (loss) 56,413 142,581 [1] (144,744)
Retained earnings 13,894,712 15,775,705 [1] 9,926,262
Total stockholders’ equity 23,319,503 25,286,664 [1] 19,149,896
Total liabilities and stockholders’ equity $ 32,157,359 $ 31,507,680 [1] $ 24,290,919
[1] Derived from audited financial statements