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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net income $ 155,048 $ 165,501
Adjustment to reconcile net income to net cash (used in) provided by operating activities    
Amortization of stock-based compensation to consultants 246,125 71,689
Depreciation and amortization 15,352 55,560
Recovery of doubtful accounts (14,415) (147)
Deferred tax benefit (19,000) (28,900)
Changes in assets and liabilities    
Increase in advances to suppliers (6,032) (20,130)
Decrease (increase) in accounts receivable 182,441 (477,001)
Increase in other receivables (155,078) (296,828)
(Increase) decrease in prepaid expense 1,120 (113,060)
Increase in other current assets (8,750) 0
Decrease (increase) in other long-term assets 9,465 (12,130)
Increase (decrease) in due from related parties (485,876) 1,174,234
(Decrease) increase in advances from customers (100,369) 124,704
Decrease in accounts payable (352,263) (156,245)
Decrease in accrued expenses (701) (35,808)
Increase in taxes payable 321,313 (6,503)
(Decrease) increase in other current liabilities (52,263) 79,416
Net cash (used in) provided by operating activities (263,883) 524,352
Investing Activities    
Acquisitions of property and equipment (927) (15,339)
Collection of short-term loan from related party 0 1,119,241
Net cash (used in) provided by investing activities (927) 1,103,902
Financing Activities    
Proceeds from issuance of common stock, net 632,264 967,820
Net cash provided by financing activities 632,264 967,820
Effect of exchange rate fluctuations on cash and cash equivalents (79,313) 54,582
Net increase in cash and cash equivalents 288,141 2,650,656
Cash and cash equivalents at beginning of period 730,322 902,531
Cash and cash equivalents at end of period 1,018,463 3,553,187
Supplemental information:    
Income taxes paid 0 8,104
Non-cash transactions of operating activities:    
Common stock issued for LSM acquisition and stock-based compensation to consultants $ 0 $ 755,500