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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income $ 24,704,193 $ 31,445,126
Adjustments to reconcile net income to net cash provided by operating activities    
Issuance of common stock and stock options for compensation 4,235,291 5,185,120
Depreciation and amortization 40,311,189 47,709,523
Loss on disposal of property, plant and equipment 1,368 26,184
Changes in operating assets    
Accounts receivable (49,212,136) 20,861,251
Other current assets (107,636) 24,758
Inventories 13,933,090 (25,088,572)
Advances to suppliers 12,968,185 (7,979,577)
Other assets 64,449 (66,702)
Changes in operating liabilities    
Accounts payable (945,055) (1,026,403)
Customer deposits (12,910,240) (6,743,348)
Tax payables (55,805) 2,555,157
Accrued expenses and other payables 1,371,762 632,400
Net cash provided by operating activities 34,358,655 67,534,917
Cash flows from investing activities    
Purchase of plant, property, and equipment (19,192) (446,291)
Cash acquired with acquisition 708,737
Proceeds from other receivables 6,591,134
Deferred assets (9,239,387)
Net cash provided by (used in) investing activities 689,545 (3,094,544)
Cash flows from financing activities    
Proceeds from the sale of common stock 3,573,593
Proceeds from loans 3,110,000 21,844,890
Repayment of loans (20,712,600) (22,431,330)
Payment of dividends (2,161,904)
Advance from related party 500,000 300,400
Net cash provided by (used in) financing activities (17,102,600) 1,125,649
Effect of exchange rate change on cash and cash equivalents (8,031,678) 526,221
Net increase in cash and cash equivalents 9,913,922 66,092,243
Cash and cash equivalents, beginning balance 92,982,564 26,890,321
Cash and cash equivalents, ending balance 102,896,486 92,982,564
Supplement disclosure of cash flow information    
Interest expense paid 995,959 1,712,670
Income taxes paid 7,217,789 6,361,658
Supplement non-cash investing and financing activities    
Purchase consideration for acquisitions payable 5,568,500
Convertible note issued for acquisitions 6,671,769
Derivative liability in connection with convertible note issued for acquisitions $ 144,818