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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2018
Jun. 30, 2017
Current Assets    
Cash and cash equivalents $ 153,639,728 $ 123,050,548
Accounts receivable, net 159,291,526 140,252,335
Inventories 80,715,004 78,013,891
Prepaid expenses and other current assets 3,730,085 4,201,782
Amount due from related parties 556,286 1,412,844
Advances to suppliers, net 19,059,434 24,023,062
Total Current Assets 416,992,063 370,954,462
Plant, Property and Equipment, Net 33,637,684 34,191,332
Deferred Asset, Net 864,070
Other Assets 310,350 279,031
Other Non-current Assets 17,291,085 17,829,621
Intangible Assets, Net 21,874,916 22,911,876
Goodwill 8,604,536 8,651,238
Total Assets 498,710,633 455,681,630
Current Liabilities    
Accounts payable 22,099,127 19,643,897
Customer deposits 4,781,397 7,046,570
Accrued expenses and other payables 11,552,171 9,135,312
Amount due to related parties 3,329,975 3,071,102
Taxes payable 4,229,175 2,690,407
Short term loans 1,750,100 7,678,111
Interest payable 411,671 256,904
Derivative liability 115,017 195,812
Total Current Liabilities 48,268,633 49,718,116
Long-term Liabilities    
Long-term debt 3,549
Convertible notes payable 7,655,604 8,431,912
Total Liabilities 55,924,237 58,153,577
Stockholders' Equity    
Preferred Stock, $.001 par value, 20,000,000 shares authorized, zero shares issued and outstanding
Common stock, $.001 par value, 115,197,165 shares authorized, 38,551,265 shares issued and outstanding as of March 31, 2018 and June 30, 2017, respectively 38,551 38,551
Additional paid-in capital 128,915,651 128,915,651
Statutory reserve 30,517,020 28,962,302
Retained earnings 263,732,243 244,738,993
Accumulated other comprehensive income 19,582,931 (5,127,444)
Total Stockholders' Equity 442,786,396 397,528,052
Total Liabilities and Stockholders' Equity $ 498,710,633 $ 455,681,629