XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Jun. 30, 2013
Current assets:    
Cash and cash equivalents $ 10,194,158 $ 10,431,474
Accounts receivable 3,804,925 5,321,803
Other receivables, net 125,140 96,401
Inventories 559,774 262,567
Loan to employee and third party 21,994 117,422
Prepaid expenses and other current assets 152,860 10,725
Prepaid income taxes 1,292,141 1,203,960
Deferred tax assets, current 41,701 41,701
Advance payment to vendor 64,534 110,278
Total current assets 16,257,227 17,596,331
Property and equipment, net 584,182 631,225
Intangible assets, net 2,961,624 3,073,745
Deferred tax assets, non-current 1,919,756 1,459,756
Goodwill 273,285 273,285
Other assets 134,846 125,225
TOTAL ASSETS 22,130,920 23,159,567
Current liabilities    
Accounts payable 4,264,107 4,214,348
Advance payments from customers 231,988 75,369
Accrued liabilities 348,733 584,447
Marketing funds payable 1,545,002 1,633,806
Short-term borrowings 139,134 139,134
Total current liabilities 6,528,964 6,647,104
Total liabilities 6,528,964 6,647,104
Commitments and contingencies (Note 8)      
Parent Company stockholders' equity    
Preferred stock, par value $0.001 per share, authorized 10,000,000 shares; No preferred stock issued and outstanding as of December 31, 2013 and June 30, 2013      
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 10,374,369 shares issued and outstanding as of December 31, 2013 and June 30, 2013 13,646 13,646
Additional paid-in capital 7,120,484 6,989,952
Retained earnings 12,606,439 13,573,119
Treasury stock, 3,342,286 shares as of December 31, 2013 and June 30, 2013 (4,279,479) (4,279,479)
Accumulated other comprehensive (loss) (112,152) (21,275)
Total Parent Company stockholders' equity 15,348,938 16,275,963
Non-controlling interests 253,018 236,500
Total Stockholders' Equity 15,601,956 16,512,463
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 22,130,920 $ 23,159,567