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Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2017
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 13,501,101 $ 14,285,001
Accounts receivable 6,717,793 10,993,191
Other receivables, net 21,632 79,021
Inventories, net 1,512,788 3,379,065
Prepaid expenses and other current assets 15,892 19,135
Prepaid income taxes 28,240 28,240
Advance payments to vendors 151,787 127,100
Total current assets 21,949,233 28,910,753
Property and equipment, net 177,348 219,942
Intangible assets, net 1,126,116 1,109,475
Deferred tax assets, non-current 1,563,637 1,661,906
Goodwill 273,285 273,285
Other assets 144,485 136,652
TOTAL ASSETS 25,234,104 32,312,013
Current liabilities    
Accounts payable 6,967,397 12,862,564
Advance payments from customers 153 51,997
Accrued liabilities 270,014 288,342
Total current liabilities 7,237,564 13,202,903
Total liabilities 7,237,564 13,202,903
Commitments and contingencies (Notes 7)
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, 2017 and June 30, 2017 0 0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 10,520,203 shares issued and outstanding as of December 31, 2017 and June 30, 2017 13,922 13,922
Additional paid-in capital 7,375,322 7,375,322
Retained earnings 14,677,720 15,846,022
Treasury stock, 3,472,286 shares as of December 31, 2017 and June 30, 2017 (4,513,479) (4,513,479)
Accumulated other comprehensive loss (535,622) (613,805)
Total Parent Company stockholders' equity 17,017,863 18,107,982
Non-controlling interests 978,677 1,001,128
Total Stockholders' Equity 17,996,540 19,109,110
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 25,234,104 $ 32,312,013