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Condensed Consolidated Balance Sheets (Current Period Unaudited)
Dec. 31, 2019
USD ($)
Jun. 30, 2019
USD ($)
CURRENT ASSETS    
Cash and cash equivalents $ 6,532,285 $ 6,481,815
Accounts receivable, net 811,699 939,649
Accounts receivable - related parties 1,002,708 1,037,146
Inventories 1,219,403 1,008,662
Prepaid income tax and tax receivable 1,346,703 1,754,369
Investments 3,792,918 3,756,596
Other current assets 272,814 546,105
Total current assets 14,978,530 15,524,342
Restricted cash 13,468 13,436
Property and equipment, net 1,298,455 757,014
Operating lease right-of-use asset 928,964
Goodwill 915,790 915,790
Intangible assets, net 2,490,590 2,659,723
Deferred tax assets, net 859,696 859,696
Other assets, long - term 523,607 523,607
Total assets 22,009,100 21,253,608
CURRENT LIABILITIES    
Accounts payable and accrued expenses 2,118,950 2,867,081
Expense waivers – related parties 288,119 325,821
Current portion operating lease liabilities 366,617
Notes payable - related parties 3,500 3,500
Loans - property and equipment, current portion 13,556 26,241
Total current liabilities 2,790,742 3,222,643
LONG TERM LIABILITIES    
Notes payable - related parties 600,000 600,000
Loans - property and equipment, net of current portion 384,412 61,057
Long-term operating lease liabilities 600,231
Deferred tax liabilities 176,578 176,578
Total long-term liabilities 1,761,221 837,635
Total liabilities 4,551,963 4,060,278
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value; 50,000,000 authorized Series B: 53,032 issued and outstanding at December 31, 2019 and at June 30, 2019 53 53
Common stock, $0.001 par value; 900,000,000 shares authorized; 37,412,519 shares issued and outstanding at December 31, 2019 and 37,237,519 at June 30, 2019 37,412 37,237
Additional paid-in capital 9,292,955 9,178,838
Accumulated other comprehensive (loss) (6,122) (175,659)
Retained earnings 8,132,839 8,152,861
Total stockholders' equity 17,457,137 17,193,330
Total liabilities and stockholders' equity $ 22,009,100 $ 21,253,608