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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Jun. 30, 2022
Current Assets    
Cash and cash equivalents $ 74,119,148 $ 57,770,303
Accounts receivable, net 27,681,097 28,792,891
Inventories, net 45,820,848 42,198,186
Prepaid expenses and other current assets 12,750,835 4,285,198
Amount due from related parties 10,100 13,064
Advances to suppliers, net 7,272,629 20,711,891
Total Current Assets 167,654,657 153,771,533
Plant, property and equipment, net 17,500,631 18,870,152
Other assets 10,288 10,600
Other non-current assets 6,330,346 7,527,422
Intangible assets, net 14,378,907 14,935,488
Total Assets 205,874,829 195,115,195
Current Liabilities    
Accounts payable 1,928,691 1,670,655
Customer deposits 7,518,719 7,994,669
Accrued expenses and other payables 13,925,689 13,734,764
Amount due to related parties 5,399,365 5,192,496
Taxes payable 27,064,100 26,954,838
Short term loans 5,651,100 4,031,100
Interest payable   765,909
Total Current Liabilities 61,487,664 60,344,431
Long-term Liabilities    
Long-term loans 1,159,200
Total Liabilities 62,646,864 60,344,431
Commitments and Contingencies
Stockholders’ Equity    
Preferred Stock, $0.001 par value, 20,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2022 and June 30, 2022, respectively
Common stock, $0.001 par value, 115,197,165 shares authorized, 13,380,914 and 12,141,467 shares issued and outstanding as of December 31, 2022 and June 30, 2022, respectively 13,381 12,141
Additional paid-in capital 242,090,576 224,676,686
Statutory reserve 26,863,343 26,870,968
Retained earnings (107,491,624) (103,374,589)
Accumulated other comprehensive loss (18,247,711) (13,414,442)
Total Stockholders’ Equity 143,227,965 134,770,764
Total Liabilities and Stockholders’ Equity $ 205,874,829 $ 195,115,195