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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating Activities    
Net income (loss) $ 1,430,517 $ (1,480,962)
Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock-based compensation expense 92,472 0
Amortization of stock-based compensation to consultants 655,310 548,917
Depreciation and amortization 25,407 29,076
Provision for (recovery of) doubtful accounts (108,344) 622,556
Provision for doubtful accounts on related party receivable 0 174,759
Deferred tax provision 0 280,600
Changes in assets and liabilities    
Decrease (increase) in accounts receivable 615,324 (269,756)
Decrease (increase) in other receivables 219,860 (654,229)
(Increase) decrease in advances to suppliers (1,417,731) 49,101
(Increase) decrease in prepaid expenses (70,264) 58,728
Increase in other current assets (12,571) (28,613)
Decrease in other long-term assets 5,693 3,240
(Increase) decrease in due from related parties (133,713) 64,345
Increase (decrease) in advances from customers 369,626 (100,370)
Decrease in accounts payable (309,941) (396,698)
Increase in taxes payable 174,432 413,510
Increase (decrease) in accrued expenses and other current liabilities 386,381 (5,980)
Net cash provided by (used in) operating activities 1,922,458 (691,776)
Investing Activities    
Acquisitions of property and equipment 0 (3,302)
Cash collected from the termination of vessel acquisition 0 332,413
Net cash provided by investing activities 0 329,111
Financing Activities    
Proceeds from issuance of common stock, net 0 691,600
Repurchase of common stock 0 (41,270)
Net cash provided by financing activities 0 650,330
Effect of exchange rate fluctuations on cash and cash equivalents (14,999) 76,589
Net increase in cash and cash equivalents 1,907,459 364,254
Cash and cash equivalents at beginning of period 1,385,994 730,322
Cash and cash equivalents at end of period 3,293,453 1,094,576
Supplemental information    
Income taxes paid 6,446 0
Non-cash investing and financing activities:    
Common stock issued for vessel acquisition 0 2,220,000
Issuance of common stock to pay for professional services $ 0 $ 255,000