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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities    
Net income $ 8,861,400 $ 10,731,636
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Issuance of common stock and stock options for compensation 866,899 557,192
Depreciation 2,802,291 1,132,399
Amortization 392,390 331,502
Changes in operating assets, net of effects from acquisitions    
Accounts receivable (5,815,442) (6,387,104)
Other current assets (457,831) (235,450)
Inventories (111,202) (12,195,943)
Advances to suppliers (2,800,991) (1,213,600)
Other assets 22,862 (98,716)
Change in operating liabilities, net of effects from acquisitions    
Accounts payable (1,275,065) 1,316,676
Unearned revenue (167,578) 97,505
Tax payables 1,898,972 2,461,823
Accrued expenses and other payables 1,063,143 1,493,111
Amount due to related parties 1,106,700 0
Net cash provided by (used in) operating activities 6,386,548 (2,008,969)
Cash flows from investing activities    
Purchase of plant, property, and equipment (4,421,106) (828,035)
Increase in construction in progress (171,704) (91,631)
Net cash used in investing activities (4,592,810) (919,666)
Cash flows from financing activities    
Repayment of loan 0 0
Proceeds from loans 561,255 8,010,765
Net cash provided by financing activities 561,255 8,010,765
Effect of exchange rate change on cash and cash equivalents (135,799) 645,368
Net increase in cash and cash equivalents 2,219,194 5,727,498
Cash and cash equivalents, beginning balance 71,978,630 65,606,413
Cash and cash equivalents, ending balance 74,197,824 71,333,911
Supplement disclosure of cash flow information    
Interest expense paid 385,792 148,101
Income taxes paid $ 0 $ 7,664