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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,379,055 $ 1,464,135
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 157,010 271,535
Provision for doubtful accounts 103,880 102,095
Change of inventory reserve (24,836) (54,064)
Deferred tax provision (benefit) (3,883) 9,015
Income from equity method investments (401,172) (340,049)
Changes in operating assets and liabilities:    
Accounts receivable (1,367,631) 2,434,329
Advances to suppliers (383,769) 407,671
Inventories 573,591 954,514
Other receivables (204,953) (9,590)
Prepaid expenses 5,034 113,530
Due from related parties 280,988 25,288
Prepaid leases 119,398 126,998
Accounts payable 45,871 62,908
Advances from customers 31,181 (24,080)
Other payables and accrued expenses 143,166 111,399
Taxes payable (37,421) 19,163
NET CASH PROVIDED BY OPERATING ACTIVITIES 415,509 5,674,797
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of property and equipment (22,131) (2,950)
Loan advances to third parties (108,648) (56,335)
Collections on loans to related parties 130,495 218,264
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (284) 158,979
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term bank loans 781,469 1,116,784
Proceeds from private equity 0 169,987
Repayment of short-term bank loans (786,719) (1,224,969)
Proceeds from public offerings, net of offering cost of $1,470,962 6,238,393 0
Proceeds from advances from related parties 97,413 31,650
NET CASH PROVIDED BY FINANCING ACTIVITIES 6,330,556 93,452
EFFECT OF EXCHANGE RATE CHANGE ON CASH (85,654) (331,958)
NET INCREASE IN CASH 6,660,127 5,595,270
CASH-Beginning of the Period 22,009,374 6,056,105
CASH-End of the Period 28,669,501 11,651,375
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Cash paid for income tax 65,436 242,698
Cash paid for interest $ 39,303 $ 176,134