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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2017
Jun. 30, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 7,080,460 $ 6,912,100
Accounts receivable, net 14,505,476 10,435,101
Notes receivable, net 781,978 765,317
Inventories, net 2,406,189 2,841,690
Prepaid expenses and other current assets 10,029,160 5,912,555
TOTAL CURRENT ASSETS 34,803,263 26,866,763
LONG-TERM ASSETS:    
Property and equipment, net of accumulated depreciation 24,039,684 25,603,734
Deferred income tax 1,826,269 1,878,595
Other intangible assets, net 1,796,825 1,878,299
Investment in joint venture   4,200
TOTAL LONG-TERM ASSETS 27,662,778 29,364,828
TOTAL ASSETS 62,466,041 56,231,591
CURRENT LIABILITIES:    
Short-term borrowings 13,743,448 11,070,966
Accounts payable 4,238,971 2,709,819
Loan payable - bank 13,879,919 14,372,630
Current portion of loan payable - related parties   13,317
Current portion of loan payable - others   15,048
Accrued expenses and other current liabilities 12,108,555 9,633,750
TOTAL CURRENT LIABILITIES 43,970,893 37,815,530
LONG-TERM LIABILITIES:    
Loan payable - related parties 13,049  
Loan payable - others 87,076  
Deferred income 309,400 340,089
TOTAL LONG-TERM LIABILITIES 409,525 340,089
Stockholder's Equity    
Common stock, par value $0.001, 100,000,000 shares authorized, 76,209,195 shares issued and outstanding on March 31, 2017 and June 30, 2016 76,209 76,209
Additional paid in capital 73,648,951 73,629,751
Accumulated deficit (55,858,980) (56,293,745)
Accumulated other comprehensive income 1,240,929 1,723,740
TOTAL SHAREHOLDERS' EQUITY OF THE COMPANY 19,107,109 19,135,955
NONCONTROLLING INTEREST IN SUBSIDIARIES (1,021,486) (1,059,983)
TOTAL EQUITY 18,085,623 18,075,972
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 62,466,041 $ 56,231,591