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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
OPERATING ACTIVITIES:    
Net loss $ (16,804,230) $ (15,820,320)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,114,156 1,079,545
Impairment charge on goodwill 7,055,364 13,398,614
Impairment charge on intangible assets 616,947  
Inventory markdown 3,979 (19,010)
Provision for doubtful accounts 75,401 18,981
Common stock issued for services 294,867 620,586
Change in fair value of warrants and derivative liability   (1,161)
Equity in loss of joint venture, net 114,744 132,311
Net loss attributable to non-controlling interests (486,388) (57,434)
Changes in operating assets and liabilities:    
Change in accounts receivable (54,665) (764,164)
Change in inventories (770,526) (281,383)
Change in prepaid expenses and other current assets (1,146,649) (73,577)
Change in accounts payable 584,457 39,695
Change in accrued expenses and other current liabilities 725,578 401,127
Change in deferred income 359,792  
NET CASH USED IN OPERATING ACTIVITIES (8,317,173) (1,326,190)
INVESTING ACTIVITIES:    
Acquisition of property and equipment (439,354) (752,386)
Proceeds from unrelated parties      
NET CASH USED IN INVESTING ACTIVITIES (439,354) (752,386)
FINANCING ACTIVITIES:    
Proceeds from bank loans 10,348,012  
Payment of bank loans (796,001)  
Short-term borrowings   2,986,013
Other borrowings, net of repayment (433,072) (92,252)
Loans from related party (127,360) (72,403)
NET CASH PROVIDED BY FINANCING ACTIVITIES 8,991,579 2,821,358
EFFECT OF EXCHANGE RATE ON CASH 90,028 169,217
INCREASE IN CASH 325,080 911,999
CASH - BEGINNING OF PERIOD 3,682,743 2,770,744
CASH - END OF PERIOD 4,007,823 3,682,743
Supplemental disclosures of cash flow information:    
Cash paid for interest 2,814,747 2,093,422
Cash paid for income taxes