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Consolidated Balance Sheets - USD ($)
Jun. 30, 2015
Jun. 30, 2014
Current assets:    
Cash and cash equivalents $ 11,822,620 $ 8,240,595
Accounts receivable 5,464,182 5,622,644
Other receivables, net 143,384 99,406
Inventories 2,281,667 1,967,390
Loan to an employee 0 7,128
Prepaid expenses and other current assets 60,339 191,219
Prepaid income taxes 1,055,788 1,056,588
Deferred tax assets, current 206,902 59,279
Advance payments to vendors 62,321 46,109
Total current assets 21,097,203 17,290,358
Property and equipment, net 314,492 498,465
Intangible assets, net 1,042,281 2,125,816
Deferred tax assets, non-current 1,860,347 1,981,325
Goodwill 273,285 273,285
Other assets 129,859 107,409
TOTAL ASSETS 24,717,467 22,276,658
Current liabilities    
Accounts payable 7,362,075 5,534,168
Advance payments from customers 693,317 319,888
Accrued liabilities 238,619 317,298
Marketing funds payable 0 374,608
Short-term borrowings 148,295 148,295
Total current liabilities 8,442,306 6,694,257
Total liabilities $ 8,442,306 $ 6,694,257
Commitments and contingencies (Notes 9)
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 June 30, 2015 and 2014 $ 0 $ 0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 10,533,869 shares issued and outstanding as of June 30, 2015 and 2014. 13,806 13,806
Additional paid-in capital 7,305,767 7,245,283
Retained earnings 13,361,091 12,601,083
Treasury stock, 3,342,286 shares as of June 30, 2015 and 2014, respectively (4,279,479) (4,279,479)
Accumulated other comprehensive (loss) (664,722) (243,100)
Total Parent Company stockholders' equity 15,736,463 15,337,593
Non-controlling interests 538,698 244,808
Total Stockholders' Equity 16,275,161 15,582,401
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 24,717,467 $ 22,276,658