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Condensed Consolidated Balance Sheets (Unaudited)
Sep. 30, 2018
USD ($)
Jun. 30, 2018
USD ($)
CURRENT ASSETS:    
Cash and cash equivalents $ 7,635,899 $ 7,524,114
Accounts receivable, net 1,055,470 1,068,240
Accounts receivable - related parties 1,321,810 1,458,159
Inventories 1,085,993 931,065
Prepaid income tax and tax receivable 2,196,412 2,138,636
Investments 3,110,943 3,204,005
Other current assets 307,420 374,617
Total current assets 16,713,947 16,698,836
Restricted cash 13,235 13,536
Property and equipment, net 997,064 1,080,471
Goodwill 915,790 915,790
Intangible assets, net 2,910,664 2,995,231
Deferred tax assets, net 865,120 865,120
Other assets, long-term 532,165 532,165
Total assets 22,947,985 23,101,149
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 3,183,665 3,249,387
Expense waivers - related parties 411,739 662,650
Purchase consideration payable 1,182,500 1,205,000
Notes payable - related parties 3,500 3,500
Equipment loans 25,749 46,705
Total current liabilities 4,807,153 5,167,242
Notes payable - related parties 600,000 600,000
Equipment loans, net of current portion 82,045 149,491
Deferred tax liabilities 208,419 208,419
Total liabilities 5,697,617 6,125,152
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value; 50,000,000 shares authorized Series B: 436,951 issued and outstanding at September 30, 2018 and at June 30, 2018 437 437
Common stock, $0.001 par value; 900,000,000 shares authorized; 29,559,139 shares issued and outstanding at September 30, 2018 and at June 30, 2018 29,559 29,559
Additional paid-in capital 9,186,132 9,186,132
Accumulated other comprehensive income (142,726) 148,808
Retained earnings 8,176,966 7,611,061
Total stockholders' equity 17,250,368 16,975,997
Total liabilities and stockholders' equity $ 22,947,985 $ 23,101,149