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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 849,601 $ 2,326,940
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 228,024 199,830
Loss (gain) on sale of investments 38,558
Loss (gain) on disposal of equipment (1,660) 6,220
(Increase) decrease in current assets:    
Accounts receivable (7,309) 62,600
Accounts receivable - related party 159,844 (78,579)
Deferred taxes, net 449,458 (197,188)
Prepaid income taxes (355,753) (437,499)
Inventory (155,030) (74,549)
Other assets 184,567 (86,423)
Increase (decrease) in current liabilities:    
Accounts payable and accrued expenses (427,525) 601,393
Expense waivers payable - related party 277,224 490,455
Net cash provided by operating activities 1,239,999 2,813,200
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for acquisition of business assets (2,232,172) (214,035)
Purchase of equipment (246,699) (47,346)
Sale of investments 1,072,019
Purchase of investments (981,361) (842,993)
Net cash used in investing activities (2,388,213) (1,104,374)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from equipment loan 178,604
Repayment of equipment loan (21,787)
Loans from related parties (5,000)
Net cash used in financing activities 156,817 (5,000)
Effect of exchange rate change on cash and cash equivalents (111,990) (77,147)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (1,103,387) 1,626,679
CASH AND CASH EQUIVALENTS, BEGINNING BALANCE 6,730,486 5,454,107
CASH AND CASH EQUIVALENTS, ENDING BALANCE 5,627,099 7,080,786
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid - U.S. 5,000
Income taxes paid - U.S. 960,800 2,200,800
Purchase consideration payable (see Note 13) $ 1,250,000