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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net income $ 21,263,325 $ 30,513,387
Adjustments to reconcile net income to net cash provided by operating activities    
Issuance of common stock and stock options for compensation 6,703,781 2,704,328
Depreciation 16,849,788 8,850,655
Amortization 6,477,776 1,179,780
Impairment of assets 1,659,729 0
Changes in operating assets    
Accounts receivable (1,781,938) (11,516,998)
Other current assets 8,004 (200,578)
Inventories (37,860,726) (19,187,321)
Advances to suppliers (1,056,615) 2,355,354
Other assets 27,485 63,762
Changes in operating liabilities    
Accounts payable (348,288) (1,644,727)
Unearned revenue 4,954,312 (918,503)
Tax payables (16,208,503) 4,158,809
Accrued expenses and other payables 593,844 (202,264)
Amount due to related parties 0 1,110,900
Net cash provided by operating activities 1,281,974 17,266,584
Cash flows from investing activities    
Purchase of plant, property, and equipment (1,127,458) (14,827,612)
Increase in construction in progress 0 (185,325)
Deferred assets (64,964,848) 0
Net cash used in investing activities (66,092,306) (15,012,937)
Cash flows from financing activities    
Proceeds from loans 28,633,885 2,943,885
Repayment of loans (15,870,985) 0
Advance from related party 450,000 0
Net cash provided by (used in) financing activities 13,212,900 2,943,885
Effect of exchange rate change on cash and cash equivalents 453,302 476,483
Net increase (decrease) in cash and cash equivalents (51,144,130) 5,674,015
Cash and cash equivalents, beginning balance 75,031,489 71,978,630
Cash and cash equivalents, ending balance 23,887,359 77,652,645
Supplement disclosure of cash flow information    
Interest expense paid 1,009,506 267,506
Income taxes paid 22,658,825 2,598,595
Supplemental Disclosure of Non-Cash Financing Activities:    
Issuance of 118,778 and 151,515 shares of common stock for repayment of amount due to related party $ 525,000 $ 300,000