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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating Activities        
Net income $ 1,107,885 $ 1,430,517 $ 3,603,544 $ (2,301,522)
Adjustment to reconcile net income to net cash provided by (used in) operating activities:        
Stock - based compensation expense 9,665 92,472    
Amortization of stock-based compensation to management     349,800
Amortization of stock - based compensation to consultants 333,417 529,569 599,846 1,327,780
Amortization of employee stock options     110,195 3,880
Depreciation and amortization 31,742 25,407 49,367 59,508
Provision for (recovery of) doubtful accounts 837,431 (108,344) (18,912) 132,915
Deferred tax benefit (1,073,700) (749,400) 280,600
Changes in assets and liabilities        
Accounts receivable (2,210,485) 615,324 (260,165) 616,280
Other receivables (234,751) 219,860 249,768 (98,935)
Advances to suppliers - third parties 50,465 (1,417,731) 2,085,281 (2,141,935)
Increase in advances to suppliers-related party     (3,317,382)
Decrease (increase) in prepaid expenses     162,727 (4,228)
Increase in other current assets     (18,931) (30,600)
Prepaid expense and other current assets 80,952 42,906    
Other long-term assets 5,693 (70,806)
Due from related parties (921,532) (133,713) (117,772) 1,162,072
Advances from customers (23,001) 369,626 343,790 (101,828)
Accounts payable 288,283 (309,941) (272,474) (202,098)
Taxes payable 731,456 174,432 278,288 640,549
Due to related parties (206,323) 206,323
Accrued expenses and other current liabilities (61,218) 386,381 131,483 186,714
Net cash provided by (used in) operating activities (1,259,714) 1,922,458 2,994,770 (121,048)
Cash flows from investing Activities        
Acquisition of property and equipment (50,278) (62,412) (31,659)
Acquisition of intangible assets (190,000)    
Cash collected from the termination of vessel acquisition     326,035
Prepayment for acquisition of intangible assets (10,000)    
Net cash used in investing activities (250,278) (62,412) 294,376
Financing Activities        
Proceeds from issuance of common stock, net     4,319,988 691,600
Proceeds from exercise of employee stock options for common stock     82,500
Repurchase of common stock     (45,011)
Net cash provided by financing activities     4,402,488 646,589
Effect of exchange rate fluctuations on cash and cash equivalents (3,902) (14,999) 12,902 (164,245)
Net (decrease) increase in cash and cash equivalents (1,513,894) 1,907,459 7,347,748 655,672
Cash and cash equivalents at beginning of period 8,733,742 1,385,994 1,385,994 730,322
Cash and cash equivalents at end of period 7,219,848 3,293,453 8,733,742 1,385,994
Supplemental information        
Income taxes paid $ 60,162 $ 6,446 89,324 23,286
Non-cash investing and financing activities:        
Return of common stock issued for vessel acquisition     (2,220,000)
Issuance of common stock to pay for professional services     $ 632,500 $ 435,000