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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Jun. 30, 2018
Current assets:    
Cash and cash equivalents $ 10,763,321 $ 11,975,944
Accounts receivable 7,939,002 7,907,117
Other receivables, net 27,392 125,144
Inventories, net 771,242 1,615,332
Prepaid expenses and other current assets 24,182 19,034
Prepaid income taxes 3,096 28,240
Advance payments to vendors 54,008 78,696
Total current assets 19,582,243 21,749,507
Property and equipment, net 115,392 124,072
Intangible assets, net 846,838 996,708
Deferred tax assets, non-current 2,039,555 1,853,429
Goodwill 273,285 273,285
Other assets 237,335 139,637
TOTAL ASSETS 23,094,648 25,136,638
Current liabilities:    
Accounts payable 6,640,408 7,609,585
Income tax payable 3,750 3,750
Advance payments from customers 71,460 228,593
Accrued liabilities 242,857 259,348
Total current liabilities 6,958,475 8,101,281
Total liabilities 6,958,475 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 March 31, 2019 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 March 31, 2019 and June 30, 2018 13,972 13,972
Additional paid-in capital 7,442,272 7,442,272
Retained earnings 13,259,106 13,753,565
Treasury stock, 3,472,286 shares as of March 31, 2019 and June 30, 2018 (4,513,479) (4,513,479)
Accumulated other comprehensive loss (589,633) (581,983)
Total Parent Company stockholders' equity 15,612,238 16,114,347
Non-controlling interests 523,935 921,010
Total Stockholders' Equity 16,136,173 17,035,357
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 23,094,648 $ 25,136,638