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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 17,569,754 $ 26,277,418
Short-term investments-others 16,408,586 16,336,659
Accounts receivable, net 7,218,350 1,322,619
Other receivables, net 30,483 40,132
Inventories, net 5,911,294 4,197,863
Prepaid expenses and other current assets 48,960 40,939
Prepaid income taxes 10,363 0
Loan to an employee 90,045 0
Advance payments to vendors 57,360 174,796
Total current assets 47,345,195 48,390,426
Property and equipment, net 109,823 105,952
Intangible assets, net 2,369,406 1,350,056
Deferred tax assets, non-current 1,906,067 1,347,436
Goodwill 273,285 273,285
Right of use assets 227,814 448,621
Other assets 125,258 126,095
TOTAL ASSETS 52,356,848 52,041,871
Current liabilities:    
Accounts payable 9,307,258 8,143,305
Income tax payable 1,170 6,702
Unearned revenue 166,422 231,624
Advance payments from customers 2,237 0
Accrued liabilities 733,407 589,907
Lease liabilities, current 237,472 308,834
Total current liabilities 10,447,966 9,280,372
Lease liabilities, non-current 0 159,104
Total liabilities 10,447,966 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 March 31, 2023, 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 March 31, 2023, and June 30, 2022, respectively 14,263 14,163
Additional paid-in capital 14,264,248 13,593,426
Retained earnings 30,706,560 31,964,246
Treasury stock, 2,549,208 shares as of March 31, 2023, and June 30, 2022 (3,554,893) (3,554,893)
Accumulated other comprehensive loss (1,049,865) (984,152)
Total Parent Company stockholders’ equity 40,380,313 41,032,790
Non-controlling interests 1,528,569 1,569,605
Total stockholders’ equity 41,908,882 42,602,395
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 52,356,848 $ 52,041,871