Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities
Net income	$ 16,635,439	$ 20,507,573
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	3,671,827	4,730,892
Gain (Loss) on disposal of plant, property and equipment	4,524	24,756
Amortization of debt discount	308,815	490,280
Issuance of common stock for consulting services	370,500
Change in fair value of derivative liability	(62,539)	(67,798)
Changes in operating assets
Accounts receivable	17,305,498	(10,988,222)
Amount due from related parties	228,635	902,528
Other current assets	18,524	1,149,289
Inventories	(78,208,217)	1,818,951
Advances to suppliers	(25,766,902)	6,607,926
Other assets	(481,965)	1,527,225
Changes in operating liabilities
Accounts payable	(17,053,253)	1,256,821
Customer deposits	627,242	(2,549,836)
Tax payables	3,183,956	1,325,136
Accrued expenses and other payables	1,045,892	2,184,753
Interest payable	207,758	216,553
Net cash provided by (used in) continuing operating activities	(77,964,267)	29,136,827
Net cash provided by (used in) discontinued operating activities	0	(702,062)
Net cash provided by (used in) operating activities	(77,964,267)	28,434,765
Cash flows from investing activities
Purchase of plant, property, and equipment	(59,096)	(33,207)
Cash paid for acquisition, net		(8,219)
Change in construction in process	16,216	(14,265)
Net cash used in investing activities	(42,880)	(55,691)
Cash flows from financing activities
Repayment of loans	(190,536)	(6,130,802)
Advance from related parties	409,230	195,013
Net cash provided by (used in) financing activities	218,694	(5,935,789)
Effect of exchange rate change on cash and cash equivalents	(3,775,148)	8,145,894
Net increase in cash and cash equivalents	(81,563,601)	30,589,179
Cash and cash equivalents, beginning balance	150,805,639	123,050,548
Cash and cash equivalents, ending balance	69,242,037	153,639,728
Supplement disclosure of cash flow information
Interest expense paid	106,307	311,667
Income taxes paid	$ 2,137,715	$ 3,741,644

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The cash inflow from a long-term borrowing made from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Proceeds from Advances from Affiliates.

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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The cash outflow for a borrowing having initial term of repayment within one year or the normal operating cycle, if longer.

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