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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES:    
NET INCOME/(LOSS) ATTRIBUTABLE TO SHAREHOLDERS OF THE COMPANY $ 5,494,713 $ (8,215,683)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 666,293 990,128
Deferred income tax (2,704,369)  
Inventory markdown (7,861)  
Provision for doubtful accounts (204,597) 896,441
Common stock issued 169,822 18,600
Equity in loss of joint venture, net 93,352 104,715
Net loss attributable to non-controlling interests 323,760 (418,697)
Changes in operating assets and liabilities:    
Change in accounts receivable (1,735,368) (1,932,061)
Change in inventories (1,023,777) 440,379
Change in prepaid expenses and other current assets (4,102,425) (73,425)
Change in accounts payable 1,351,651 454,767
Change in accrued expenses and other current liabilities 4,704,545 4,859
NET CASH GENERATED FROM (USED IN) OPERATING ACTIVITIES 3,025,739 (7,729,977)
INVESTING ACTIVITIES:    
Acquisition of property and equipment (2,705,298) (268,922)
NET CASH USED IN INVESTING ACTIVITIES (2,705,298) (268,922)
FINANCING ACTIVITIES:    
Proceeds from bank loans 13,018,270 3,247,966
Payment of bank loans   (8,537,332)
Short-term borrowings 1,029,387 8,083,766
Repayment of other borrowings (10,186,796) (37,606)
Loans from/(to) related party (3,611,480) 3,556,288
Sale of common stock 2,423,503  
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,672,884 6,313,082
EFFECT OF EXCHANGE RATE ON CASH 48,560 7,654
(DECREASE)/ INCREASE IN CASH 3,041,885 (1,678,163)
CASH - BEGINNING OF PERIOD 2,329,660 4,007,823
CASH - END OF PERIOD 5,371,545 2,329,660
Supplemental disclosures of cash flow information:    
Cash paid for interest $ 3,113,976 $ 4,598,172
Cash paid for income taxes