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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 25,152,154 $ 24,704,193
Adjustments to reconcile net income to net cash provided by operating activities    
Issuance of common stock and stock options for compensation 1,323,292 4,235,291
Depreciation and amortization 17,408,120 40,311,189
Gain (Loss) on disposal of property, plant and equipment 108,309 1,368
Amortization of debt discount 228,123
Change in fair value of derivative liability 50,083
Changes in operating assets    
Accounts receivable (22,306,783) (48,730,250)
Amount due from related parties (930,958) (481,886)
Other current assets (820,667) (88,636)
Inventories 10,031,596 13,933,090
Advances to suppliers 2,730,266 15,300,685
Other assets (19,087,425) 64,449
Changes in operating liabilities    
Accounts payable 13,362,022 (945,055)
Customer deposits (1,922,708) (15,242,740)
Tax payables (1,374,636) (55,805)
Accrued expenses and other payables (7,899,803) 1,352,762
Interest payable 251,064 0
Net cash provided by operating activities 16,302,049 34,358,655
Cash flows from investing activities    
Purchase of plant, property, and equipment (42,283) (19,192)
Cash paid for acquisition, net (148,911) 708,737
Change in construction in process (210,873) 0
Net cash used in investing activities (402,067) 689,545
Cash flows from financing activities    
Proceeds from loans 5,948,021 3,110,000
Repayment of loans (3,154,956) (20,712,600)
Advance from related party 600,000 500,000
Net cash provided by financing activities 3,393,065 (17,102,600)
Effect of exchange rate change on cash and cash equivalents 861,015 (8,031,678)
Net increase in cash and cash equivalents 20,154,062 9,913,922
Cash and cash equivalents, beginning balance 102,896,486 92,982,564
Cash and cash equivalents, ending balance 123,050,548 102,896,486
Supplement disclosure of cash flow information    
Interest expense paid 289,869 995,959
Income taxes paid 6,899,600 7,217,789
Supplement disclosure for non-cash investing and financing activities    
Convertible note issued for acquisitions 1,538,417 6,671,769
Derivative liability issued for acquisitions $ 21,033 144,818
Non-cash operating activities    
Nonmonetary exchange betweens account receivables and accounts payable   $ 58,205,442