XML 17 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2021
Jun. 30, 2021
[1]
CURRENT ASSETS    
Cash and cash equivalents $ 17,281,380 $ 16,072,955
Accounts receivable, net 1,458,312 1,070,541
Accounts receivable - related parties 1,761,830 2,038,054
Inventories 2,109,390 1,951,792
Prepaid income tax and tax receivable 856,072 747,343
Investments 1,322,642 1,828,926
Other current assets 318,218 399,524
Total current assets 25,107,844 24,109,135
Restricted cash 13,748 13,989
Property, plant and equipment, net 1,471,602 1,573,445
Operating lease right-of-use asset 893,562 1,058,199
Goodwill 1,043,473 1,043,473
Intangible assets, net 2,259,494 2,341,803
Deferred tax assets, net-U.S. 827,476 827,476
Other assets, long - term 540,160 540,160
Total assets 32,157,359 31,507,680
CURRENT LIABILITIES    
Accounts payable, accrued expenses and legal settlement 6,622,022 3,862,874
Expense waivers – related parties 108,012 69,684
Operating lease liabilities, current portion 457,586 513,071
Notes payable - related parties 603,500 603,500
Loans - property and equipment, current portion 14,840 15,094
Total current liabilities 7,805,960 5,064,223
LONG-TERM LIABILITIES    
Loans - property and equipment, net of current portion 365,838 379,804
Operating lease liabilities, net of current portion 496,629 607,560
Deferred tax liabilities, net-foreign 169,429 169,429
Total long-term liabilities 1,031,896 1,156,793
Total liabilities 8,837,856 6,221,016
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value; 50,000,000 authorized Series B: 49,360 issued and outstanding at September 30, 2021 and at June 30, 2021 49 49
Common stock, $0.001 par value; 900,000,000 shares authorized; 37,485,959 shares issued and outstanding at September 30, 2021 and at June 30, 2021 37,486 37,486
Additional paid-in capital 9,330,843 9,330,843
Accumulated other comprehensive income 56,413 142,581
Retained earnings 13,894,712 15,775,705
Total stockholders' equity 23,319,503 25,286,664
Total liabilities and stockholders' equity $ 32,157,359 $ 31,507,680
[1] Derived from audited financial statements