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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Jun. 30, 2022
Current Assets    
Cash and cash equivalents $ 69,832,535 $ 57,770,303
Accounts receivable, net 27,371,337 28,792,891
Inventories, net 45,345,300 42,198,186
Prepaid expenses and other current assets 11,176,901 4,285,198
Amount due from related parties 17,229 13,064
Advances to suppliers, net 7,163,495 20,711,891
Total Current Assets 160,906,796 153,771,533
Plant, property and equipment, net 17,359,874 18,870,152
Other assets 9,954 10,600
Other non-current assets 6,596,814 7,527,422
Intangible assets, net 13,968,832 14,935,488
Total Assets 198,842,270 195,115,195
Current Liabilities    
Accounts payable 1,650,548 1,670,655
Customer deposits 6,056,684 7,994,669
Accrued expenses and other payables 13,793,975 13,734,764
Amount due to related parties 5,215,505 5,192,496
Taxes payable 27,138,936 26,954,838
Short term loans 3,785,400 4,031,100
Interest payable   765,909
Total Current Liabilities 57,641,048 60,344,431
Long-term Liabilities    
Long-term loans 1,121,600  
Total Liabilities 58,762,648 60,344,431
Commitments and Contingencies
Stockholders’ Equity    
Preferred Stock, $.001 par value, 20,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2022 and June 30, 2022, respectively
Common stock, $.001 par value, 115,197,165 shares authorized, 13,258,609 and 12,141,467 shares issued and outstanding as of September 30, 2022 and June 30, 2022, respectively 13,259 12,141
Additional paid-in capital 241,432,699 224,676,686
Statutory reserve 26,990,562 26,870,968
Retained earnings (104,022,298) (103,374,589)
Accumulated other comprehensive loss (24,334,600) (13,414,442)
Total Stockholders’ Equity 140,079,622 134,770,764
Total Liabilities and Stockholders’ Equity $ 198,842,270 $ 195,115,195