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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (LOSS) - USD ($)
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Revenue    
SALES $ 25,481,199 $ 12,739,371
COST OF SALES 5,688,863 6,925,697
GROSS PROFIT 19,792,336 5,813,674
OPERATING EXPENSES:    
Research and development 337,067 569,699
General and administrative 2,753,535 3,613,657
Selling expenses 7,457,758 4,350,442
Depreciation and amortization 548,319 614,755
TOTAL OPERATING EXPENSES 11,096,679 9,148,553
INCOME/(LOSS) FROM OPERATIONS 8,695,657 (3,334,879)
OTHER INCOME (EXPENSE):    
Interest expense, net of interest income (5,768,094) (5,194,786)
Equity in loss of joint venture, net (93,352) (104,715)
Subsidy income 279,893  
TOTAL OTHER EXPENSE (5,581,553) (5,299,501)
INCOME/(LOSS) BEFORE INCOME TAXES 3,114,104 (8,634,380)
Income taxes/(benefits) (2,704,369)  
NET INCOME/(LOSS) 5,818,473 (8,634,380)
Net income/(loss) attributable to non-controlling interest in subsidiaries 323,760 (418,697)
NET INCOME/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS OF THE COMPANY 5,494,713 (8,215,683)
OTHER COMPREHENSIVE INCOME :    
Foreign currency translation adjustment 91,359 28,055
COMPREHENSIVE INCOME/(LOSS) 5,586,072 (8,187,628)
Other comprehensive loss income attributable to non-controlling interest 4,568 1,403
COMPREHENSIVE INCOME/(LOSS) ATTRIBUTABLE TO THE COMPANY $ 5,581,504 $ (8,189,031)
BASIC AND DILUTED INCOME/(LOSS) PER COMMON SHARE $ 0.09 $ (0.16)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 63,107,104 49,856,247