Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities
Net income	$ 5,094,828	$ 7,351,580
Adjustments to reconcile net income to net cash provided by operating activities
Issuance of common stock and stock options for compensation	0	143,151
Depreciation and amortization	1,933,943	7,380,446
Gain (Loss) on disposal of property, plant and equipment	15,109	1,706
Amortization of debt discount	105,293	77,963
Change in fair value of derivative liability	(79,343)	(12,731)
Changes in operating assets
Accounts receivable	37,797,596	255,659
Amount due from related parties	(121,120)	(215,152)
Other current assets	1,531,095	(556,857)
Inventories	(41,449,116)	(8,043,544)
Advances to suppliers	5,262,996	(4,494,718)
Other assets	447,190	8,425
Changes in operating liabilities
Accounts payable	4,461,065	701,559
Customer deposits	(1,197,303)	(4,126,961)
Tax payables	(1,973,188)	(3,537,594)
Accrued expenses and other payables	195,492	(5,931,180)
Interest payable	70,836	57,373
Net cash provided by operating activities	12,095,373	5,146,213
Cash flows from investing activities
Purchase of plant, property, and equipment	(5,929)	(71,470)
Change in construction in process	(11,280)	0
Net cash used in investing activities	(17,209)	(71,470)
Cash flows from financing activities
Proceeds from loans	1,802,500	1,499,940
Repayment of loans	(3,156,300)	(1,499,940)
Advance from related party	0	300,000
Net cash provided by financing activities	(1,353,800)	300,000
Effect of exchange rate change on cash and cash equivalents	134,551	(150,170)
Net increase in cash and cash equivalents	10,858,915	5,224,573
Cash and cash equivalents, beginning balance	123,050,548	102,896,486
Cash and cash equivalents, ending balance	133,909,463	108,121,059
Supplement disclosure of cash flow information
Interest expense paid	725,317	117,506
Income taxes paid	$ 3,695,843	$ 6,724,632