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Condensed Consolidated Balance Sheets (Unaudited)
Sep. 30, 2020
USD ($)
Jun. 30, 2020
USD ($)
CURRENT ASSETS    
Cash and cash equivalents $ 12,894,384 $ 9,813,188
Accounts receivable, net 1,324,982 717,841
Accounts receivable - related parties 2,177,807 2,610,917
Inventories 1,849,104 1,174,603
Prepaid income tax and tax receivable 857,793
Investments 1,824,278 1,820,516
Other current assets 355,619 603,944
Total current assets 20,426,174 17,598,802
Restricted cash 13,201 12,854
Property and equipment, net 1,577,327 1,197,192
Operating lease right-of-use asset 816,328 733,917
Goodwill 1,043,473 915,790
Intangible assets, net 2,590,242 2,541,285
Deferred tax assets, net 900,877 900,878
Other assets, long - term 523,607 523,607
Total assets 27,891,229 24,424,325
CURRENT LIABILITIES    
Accounts payable and accrued expenses 3,281,329 2,843,616
Expense waivers – related parties 728,545 421,892
Current portion operating lease liabilities 449,211 323,395
Purchase price payable 277,577
Notes payable - related parties 3,500 3,500
Loans - property and equipment, current portion 13,558 13,196
Total current liabilities 4,753,720 3,605,599
LONG TERM LIABILITIES    
Notes payable - related parties 600,000 600,000
Loans - property and equipment, net of current portion 362,497 359,845
Long-term operating lease liabilities, net of current portion 402,984 447,062
Deferred tax liabilities 329,984 261,923
Total long-term liabilities 1,695,465 1,668,830
Total liabilities 6,449,185 5,274,429
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value; 50,000,000 authorized Series B: 53,032 issued and outstanding at December 31, 2019 and at June 30, 2019 53 53
Common stock, $0.001 par value; 900,000,000 shares authorized; 37,412,519 shares issued and outstanding at September 30, 2020 and at June 30, 2020 37,412 37,412
Additional paid-in capital 9,330,913 9,330,913
Accumulated other comprehensive loss (72,030) (144,744)
Retained earnings 12,145,696 9,926,262
Total stockholders' equity 21,442,044 19,149,896
Total liabilities and stockholders' equity $ 27,891,229 $ 24,424,325