XML 14 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 25,504,941 $ 26,277,418
Short-term investments-others 15,256,000 16,336,659
Accounts receivable, net 946,006 1,322,619
Other receivables, net 28,178 40,132
Inventories, net 5,053,255 4,197,863
Prepaid expenses and other current assets 32,232 40,939
Advance payments to vendors 146,020 174,796
Total current assets 46,966,632 48,390,426
Property and equipment, net 116,807 105,952
Intangible assets, net 1,670,266 1,350,056
Deferred tax assets, non-current 1,451,619 1,347,436
Goodwill 273,285 273,285
Right of use assets 375,785 448,621
Other assets 116,186 126,095
TOTAL ASSETS 50,970,580 52,041,871
Current liabilities:    
Accounts payable 8,680,700 8,143,305
Income tax payable 1,770 6,702
Unearned revenue 301,737 231,624
Accrued liabilities 552,140 589,907
Lease liabilities, current 311,932 308,834
Total current liabilities 9,848,279 9,280,372
Lease liabilities, non-current 79,949 159,104
Total liabilities 9,928,228 9,439,476
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 September 30, 2022, and June 30, 2022 0 0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 11,684,280 shares issued and outstanding as of September 30, 2022, and June 30, 2022, respectively 14,163 14,163
Additional paid-in capital 13,774,171 13,593,426
Retained earnings 30,837,255 31,964,246
Treasury stock, 2,549,208 shares as of September 30, 2022, and June 30, 2022 (3,554,893) (3,554,893)
Accumulated other comprehensive loss (1,298,370) (984,152)
Total Parent Company stockholders’ equity 39,772,326 41,032,790
Non-controlling interests 1,270,026 1,569,605
Total stockholders’ equity 41,042,352 42,602,395
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 50,970,580 $ 52,041,871