Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 12,241,286	$ 26,277,418
Short-term investments	26,728,313	16,336,659
Accounts receivable, net	8,949,802	1,322,619
Other receivables, net	14,438	40,132
Inventories, net	3,741,637	4,197,863
Prepaid expenses and other current assets	36,687	40,939
Loan to an employee	91,057	0
Advance payments to vendors	53,875	174,796
Total current assets	51,857,095	48,390,426
Property and equipment, net	101,088	105,952
Intangible assets, net	2,180,884	1,350,056
Deferred tax assets, non-current	2,235,515	1,347,436
Goodwill	273,285	273,285
Right of use assets	152,665	448,621
Other assets	126,546	126,095
TOTAL ASSETS	56,927,078	52,041,871
Current liabilities:
Accounts payable	12,950,497	8,143,305
Income tax payable	6,556	6,702
Unearned revenue	117,351	231,624
Advance payments from customers	29,137	0
Accrued legal contingency expense	2,400,000	0
Accrued liabilities	849,605	589,907
Lease liabilities, current	159,104	308,834
Total current liabilities	16,512,250	9,280,372
Lease liabilities, non-current	0	159,104
Total liabilities	16,512,250	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 June 30, 2023, and 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 June 30, 2023, and 2022, respectively	14,263	14,163
Additional paid-in capital	14,438,196	13,593,426
Retained earnings	29,101,225	31,964,246
Treasury stock, 2,549,208 shares as of June 30, 2023, and 2022	(3,554,893)	(3,554,893)
Accumulated other comprehensive loss	(1,071,930)	(984,152)
Total Parent Company stockholders’ equity	38,926,861	41,032,790
Non-controlling interests	1,487,967	1,569,605
Total stockholders’ equity	40,414,828	42,602,395
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 56,927,078	$ 52,041,871