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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES:    
NET PROFIT/ (LOSS) $ 1,348,433 $ (2,405)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 268,349 280,349
Deferred income tax 885,210  
Bad debts written back/(written off) 67,736 (182,339)
Common stock issued for services 132,199 2,850
Equity in loss of joint venture, net of tax 24,291 25,972
Inventory markdown   83,392
Changes in operating assets and liabilities:    
Change in accounts receivable (1,459,153) 52,636
Change in inventories (109,690) (159,776)
Change in prepaid expenses and other current assets (583,369) (903,514)
Change in accounts payable (560,934) (459,649)
Change in accrued expenses and other current liabilities 377,073 (1,025,274)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 390,145 (2,287,758)
INVESTING ACTIVITIES:    
Acquisition of property and equipment (81,502) (173,606)
NET CASH USED IN INVESTING ACTIVITIES (81,502) (173,606)
FINANCING ACTIVITIES:    
Proceeds from/(Repayment of) bank loan (477,608) 17,039,175
Repayment of short - term borrowings (670,899) (6,113,689)
Repayment of other borrowings   (10,158,594)
Proceeds from loans from related party 1,375,511 1,703,598
Sale of common stock 2,739,000  
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,966,004 2,470,490
EFFECT OF EXCHANGE RATE ON CASH (474,317) 5,036
INCREASE (DECREASE) IN CASH 2,800,330 14,162
CASH - BEGINNING OF PERIOD 5,371,545 2,329,660
CASH - END OF PERIOD 8,171,875 2,343,822
Supplemental disclosures of cash flow information:    
Cash paid for interest $ 1,716,565 $ 936,445
Cash paid for income taxes