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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Jun. 30, 2021
Current Assets    
Cash and cash equivalents $ 22,022,563 $ 18,593,944
Accounts receivable, net 99,143,737 102,783,004
Inventories, net 52,463,033 64,315,903
Prepaid expenses and other current assets 6,109,382 8,093,808
Amount due from related parties 93,983 42,757
Advances to suppliers, net 23,271,394 23,884,772
Total Current Assets 203,104,092 217,714,188
Plant, property and equipment, net 21,654,369 22,221,016
Other assets 465,924 497,365
Other non-current assets 9,385,712 9,888,518
Intangible assets, net 16,303,367 16,407,651
Total Assets 250,913,464 266,728,738
Current Liabilities    
Accounts payable 13,580,483 16,868,942
Customer deposits 7,841,368 6,257,215
Accrued expenses and other payables 13,838,593 13,598,821
Amount due to related parties 5,222,850 4,976,689
Taxes payable 32,556,587 32,542,494
Short term loans 4,187,700 4,179,600
Interest payable 795,663 794,124
Total Current Liabilities 78,023,244 79,217,885
Total Liabilities 78,023,244 79,217,885
Stockholders’ Equity    
Preferred Stock, $.001 par value, 20,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2021 and June 30, 2021, respectively
Common stock, $.001 par value, 115,197,165 shares authorized, 8,487,629 and 8,487,629 shares issued and outstanding as of September 30, 2021 and June 30, 2021, respectively 8,488 8,488
Additional paid-in capital 170,223,195 170,223,195
Statutory reserve 27,307,547 27,673,245
Retained earnings (20,524,043) (5,812,533)
Accumulated other comprehensive loss (4,124,967) (4,581,541)
Total Stockholders’ Equity 172,890,220 187,510,853
Total Liabilities and Stockholders’ Equity $ 250,913,464 $ 266,728,738