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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 20,547,967 $ 21,049,266
Adjustments to reconcile net income to net cash provided by operating activities    
Issuance of common stock and stock options for compensation 1,303,645
Depreciation and amortization 4,758,838 14,921,548
Gain (Loss) on disposal of property, plant and equipment 24,756 115,933
Gain (Loss) on disengagement of sales VIE 322,214
Amortization of debt discount 490,280 231,998
Change in fair value of derivative liability (67,798) (88,106)
Allowance for bad debt 7,630,782 5,624,394
Changes in operating assets    
Accounts receivable (19,035,727) (47,292,468)
Amount due from related parties 902,528
Other current assets 1,149,289 (509,573)
Inventories 1,690,482 39,403,840
Advances to suppliers 6,127,171 (2,675,330)
Other assets 1,527,225 (9,753,250)
Changes in operating liabilities    
Accounts payable 1,256,821 6,094,687
Customer deposits (2,549,836) (2,181,648)
Tax payables 1,325,136 (8,461,337)
Accrued expenses and other payables 2,118,084 4,860,128
Interest payable 216,553 301,355
Net cash provided by operating activities 28,434,766 22,945,082
Cash flows from investing activities    
Purchase of plant, property, and equipment (33,207) (30,756)
Cash paid for acquisition, net (8,219) (5,569,348)
Change in construction in process (14,265) (204,660)
Net cash used in investing activities (55,691) (5,804,764)
Cash flows from financing activities    
Proceeds from loans 5,890,757
Repayment of loans (6,130,802) (4,562,642)
Advance from related party 195,013 600,000
Net cash provided by financing activities (5,935,789) 1,928,115
Effect of exchange rate change on cash and cash equivalents 8,145,894 (3,704,924)
Net increase in cash and cash equivalents 30,589,179 15,363,509
Cash and cash equivalents, beginning balance 123,050,548 102,896,486
Cash and cash equivalents, ending balance 153,639,728 118,259,995
Supplement disclosure of cash flow information    
Interest expense paid 311,667 464,430
Income taxes paid $ 3,741,644 $ 6,071,366