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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ (424,551) $ (850,380)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 523,595 430,740
(Gain) loss on sale of investments (29,463) 341,553
(Gain) loss on disposal of property and equipment (3,381) (3,193)
Decrease (increase) in current assets:    
Accounts receivable 11,381 404,667
Accounts receivable - related party 250,798 319,654
Deferred taxes, net 371,837
Prepaid income taxes 110,124 (377,523)
Inventories (284,506) (131,318)
Other current assets (109,728) (164,258)
Increase (decrease) in current liabilities:    
Accounts payable and accrued expenses (350,473) (154,745)
Expense waivers - related party (200,187) 466,069
Net cash (used in) provided by operating activities 342,711 2,353,863
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for acquisition of business assets (1,205,000) (2,254,672)
Purchase of property and equipment (26,985) (302,133)
Sale of investments 3,197,479 1,372,019
Purchase of investments (1,000,000) (1,023,593)
Net cash provided by (used in) investing activities 965,494 (2,208,379)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from equipment loan 178,604
Repayment of equipment loan (104,272) (55,199)
Net cash provided by financing activities (104,272) 123,405
Effect of exchange rate change on cash and cash equivalents 3,256 65,897
NET INCREASE IN CASH AND CASH EQUIVALENTS 1,207,189 334,786
CASH AND CASH EQUIVALENTS, BEGINNING BALANCE 7,524,114 6,730,486
CASH AND CASH EQUIVALENTS, ENDING BALANCE 8,731,303 7,065,272
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Income taxes 43,000 960,800
Non-cash activities:    
Purchase consideration payable (see Note 13) $ 1,227,500