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Unaudited Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Jun. 30, 2023
Current assets    
Cash and cash equivalents $ 61,595,756 $ 71,142,188
Digital assets 34,757 210,342
Accounts receivable, net 14,940,226 16,455,734
Inventories, net 36,704,542 46,455,131
Advances to suppliers, net 21,360,797 14,332,715
Other current assets 2,432,938 2,631,049
Total current assets 137,069,016 151,227,159
Non-current assets    
Plant, property and equipment, net 16,663,135 16,690,245
Intangible assets, net 13,562,843 13,563,635
Other non-current assets 6,314,128 5,200,325
Total non-current assets 36,540,106 35,454,205
Total assets 173,609,122 186,681,364
Current liabilities    
Accounts payable 1,916,245 2,100,449
Customer deposits 5,220,526 5,489,781
Accrued expenses and other payables 14,678,667 14,929,427
Taxes payable 26,892,526 27,070,961
Short-term loans 7,505,100 5,346,640
Total current liabilities 61,854,526 60,376,467
Non-current liabilities    
Long-term loans 937,040
Total non-current liabilities 937,040
Total liabilities 61,854,526 61,313,507
Commitments and contingencies
Shareholders’ equity    
Preferred stock, $.001 par value, 20,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2024 and June 30, 2023, respectively
Common stock, $.001 par value, 115,197,165 shares authorized, 14,793,538 and 13,380,914 shares issued and outstanding as of March 31, 2024 and June 30, 2023, respectively 14,794 13,381
Additional paid-in capital 244,825,844 242,090,576
Statutory reserve 26,728,079 26,728,079
Retained earnings (134,569,167) (116,513,686)
Accumulated other comprehensive loss (25,244,954) (26,950,493)
Total shareholders’ equity 111,754,596 125,367,857
Total liabilities and shareholders’ equity 173,609,122 186,681,364
Related Party    
Current liabilities    
Amount due to related parties $ 5,641,462 $ 5,439,209