XML 13 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2016
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 10,182,253 $ 11,822,620
Accounts receivable 13,537,786 5,464,182
Other receivables, net 154,564 143,384
Inventories, net 2,662,362 2,281,667
Prepaid expenses and other current assets 11,631 60,339
Prepaid income taxes 0 1,055,788
Deferred tax assets, current 206,902 206,902
Advance payments to vendors 25,851 62,321
Total current assets 26,781,349 21,097,203
Property and equipment, net 258,179 314,492
Intangible assets, net 1,225,193 1,042,281
Deferred tax assets, non-current 1,786,450 1,860,347
Goodwill 273,285 273,285
Other assets 135,644 129,859
TOTAL ASSETS 30,460,100 24,717,467
Current liabilities    
Accounts payable 12,446,590 7,362,075
Advance payments from customers 107,854 693,317
Accrued liabilities 246,421 238,619
Income tax payable 341,912 0
Short-term borrowings 0 148,295
Total current liabilities 13,142,777 8,442,306
Total liabilities $ 13,142,777 $ 8,442,306
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 March 31, 2016 and June 30, 2015 $ 0 $ 0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 10,417,203 and 10,533,869 shares issued and outstanding as of March 31, 2016 and June 30, 2015, respectively 13,819 13,806
Additional paid-in capital 7,286,154 7,305,767
Retained earnings 14,387,627 13,361,091
Treasury stock, 3,472,286 and 3,342,286 shares as of March 31, 2016 and June 30, 2015, respectively (4,513,479) (4,279,479)
Accumulated other comprehensive loss (716,327) (664,722)
Total Parent Company stockholders' equity 16,457,794 15,736,463
Non-controlling interests 859,529 538,698
Total Stockholders' Equity 17,317,323 16,275,161
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 30,460,100 $ 24,717,467