XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2018
Jun. 30, 2018
Current assets:    
Cash and cash equivalents $ 12,550,779 $ 11,975,944
Accounts receivable 7,071,498 7,907,117
Other receivables, net 11,899 125,144
Inventories, net 1,915,593 1,615,332
Prepaid expenses and other current assets 29,986 19,034
Prepaid income taxes 3,096 28,240
Advance payments to vendors 60,516 78,696
Total current assets 21,643,367 21,749,507
Property and equipment, net 128,101 124,072
Intangible assets, net 816,527 996,708
Deferred tax assets, non-current 1,931,304 1,853,429
Goodwill 273,285 273,285
Other assets 139,119 139,637
TOTAL ASSETS 24,931,703 25,136,638
Current liabilities    
Accounts payable 8,247,722 7,609,585
Income tax payable 3,750 3,750
Advance payments from customers 63,819 228,598
Accrued liabilities 248,376 259,348
Total current liabilities 8,563,667 8,101,281
Total liabilities 8,563,667 8,101,281
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, 2018 and June 30, 2018 0 0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 10,570,203 shares issued and outstanding as of December 31, 2018 and June 30, 2018 13,972 13,972
Additional paid-in capital 7,442,272 7,442,272
Retained earnings 13,416,920 13,753,565
Treasury stock, 3,472,286 shares as of December 31, 2018 and June 30, 2018 (4,513,479) (4,513,479)
Accumulated other comprehensive loss (585,282) (581,983)
Total Parent Company stockholders' equity 15,774,403 16,114,347
Non-controlling interests 593,633 921,010
Total Stockholders' Equity 16,368,036 17,035,357
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 24,931,703 $ 25,136,638