XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2022
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 17,904,503 $ 26,277,418
Short-term investments-others 16,630,204 16,336,659
Accounts receivable, net 8,071,545 1,322,619
Other receivables, net 64,567 40,132
Inventories, net 7,389,498 4,197,863
Prepaid expenses and other current assets 21,610 40,939
Loan to an employee 89,000 0
Advance payments to vendors 275,066 174,796
Total current assets 50,445,993 48,390,426
Property and equipment, net 121,410 105,952
Intangible assets, net 2,043,899 1,350,056
Deferred tax assets, non-current 1,332,753 1,347,436
Goodwill 273,285 273,285
Right of use assets 302,185 448,621
Other assets 128,119 126,095
TOTAL ASSETS 54,647,644 52,041,871
Current liabilities:    
Accounts payable 11,890,136 8,143,305
Income tax payable 1,849 6,702
Unearned revenue 259,273 231,624
Advance payments from customers 12,905 0
Accrued liabilities 507,821 589,907
Lease liabilities, current 315,062 308,834
Total current liabilities 12,987,046 9,280,372
Lease liabilities, non-current 159,104
Total liabilities 12,987,046 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 December 31, 2022, and June 30, 2022 0 0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 11,784,280 and 11,684,280 shares issued and outstanding as of December 31, 2022, and June 30, 2022, respectively 14,263 14,163
Additional paid-in capital 14,087,851 13,593,426
Retained earnings 30,458,931 31,964,246
Treasury stock, 2,549,208 shares as of December 31, 2022, and June 30, 2022 (3,554,893) (3,554,893)
Accumulated other comprehensive loss (910,113) (984,152)
Total Parent Company stockholders’ equity 40,096,039 41,032,790
Non-controlling interests 1,564,559 1,569,605
Total stockholders’ equity 41,660,598 42,602,395
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 54,647,644 $ 52,041,871