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Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net (loss) income $ (7,012,113) $ 523,107
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Stock-based compensation 2,267,833 1,663,499
Depreciation and amortization 130,920 94,919
Provision for doubtful accounts 3,978,893 1,726,599
Impairment loss of deposit for leasehold improvement 425,068
Deferred tax provision 634,500 114,900
Changes in assets and liabilities    
Notes receivable (386,233)
Accounts receivable (2,553,973) (7,421,179)
Other receivables 161,057 (31,328)
Advances to suppliers-third parties (3,671,931) (662,144)
Advances to suppliers-related party 3,312,666
Prepaid expenses and other current assets 1,407,599 (280,627)
Other long-term assets - deposits (2,928,775) (470,319)
Due from related parties 1,422,254 (604,863)
Advances from customers (353,432) 38,174
Accounts payable (2,709,194) 3,064,257
Taxes payable 487,197 754,512
Due to related parties (206,323)
Accrued expenses and other current liabilities 1,114,597 (110,836)
Net cash used in operating activities (4,273,067) (1,807,652)
Investing Activities    
Acquisition of property and equipment (143,493) (822,777)
Acquisition of intangible assets (190,000)
Prepayment for intangible assets (1,440,107)
Net cash used in investing activities (143,493) (2,452,884)
Financing Activities    
Proceeds from issuance of common stock 850,000 2,585,091
Net cash provided by financing activities 850,000 2,585,091
Effect of exchange rate fluctuations on cash (389,049) 39,962
Net decrease in cash (3,955,609) (1,635,483)
Cash at beginning of year 7,098,259 8,733,742
Cash at end of year 3,142,650 7,098,259
Supplemental information    
Income taxes paid 166,960 68,268
Interest paid