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Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 11,975,944 $ 14,285,001
Accounts receivable 7,907,117 10,993,191
Other receivables, net 125,144 79,021
Inventories, net 1,615,332 3,379,065
Prepaid expenses and other current assets 19,034 19,135
Prepaid income taxes 28,240 28,240
Advance payments to vendors 78,696 127,100
Total current assets 21,749,507 28,910,753
Property and equipment, net 124,072 219,942
Intangible assets, net 996,708 1,109,475
Deferred tax assets, non-current 1,853,429 1,661,906
Goodwill 273,285 273,285
Other assets 139,637 136,652
TOTAL ASSETS 25,136,638 32,312,013
Current liabilities    
Accounts payable 7,609,585 12,862,564
Income tax payable 3,750 0
Advance payments from customers 228,598 51,997
Accrued liabilities 259,348 288,342
Total current liabilities 8,101,281 13,202,903
Total liabilities 8,101,281 13,202,903
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 June 30, 2018 and 2017 0 0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 10,570,203 and 10,520,203 shares issued and outstanding as of June 30, 2018 and 2017, respectively 13,972 13,922
Additional paid-in capital 7,442,272 7,375,322
Retained earnings 13,753,565 15,846,022
Treasury stock, 3,472,286 shares as of June 30, 2018 and 2017 (4,513,479) (4,513,479)
Accumulated other comprehensive loss (581,983) (613,805)
Total Parent Company stockholders' equity 16,114,347 18,107,982
Non-controlling interests 921,010 1,001,128
Total Stockholders' Equity 17,035,357 19,109,110
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 25,136,638 $ 32,312,013