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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:      
Net Income $ 5,188,919 $ 2,325,599 $ 1,642,569
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for doubtful accounts 87,166 39,055 0
Depreciation of property and equipment 59,297 0 0
Deferred tax benefit (16,066) (38,019) 172,525
Changes in operating assets and liabilities:      
Accounts receivable, net (5,494,486) (1,297,604) (588,414)
Deposits (222,100) (279,725) 49,321
Advances to suppliers (20,565) 271,154 (223,329)
Prepaid expenses and other receivables (59,977) (30,508)  
Inventories, net (59,891) (141,640) (147,989)
Accounts payable 327,165 (75,833) (767,522)
Deferred revenue (22,902) 113,021 8,891
Taxes payable 1,176,205 1,013,951 597,083
Accrued expense and other payables 1,023,101 (260,813) 357,363
Net cash provided by operating activities 1,965,866 1,638,638 1,100,498
Cash flows from investing activities:      
Purchase of property and equipment (883,871)    
Purchase of construction in progress (34,807)    
Net cash used in investing activities (918,678)    
Cash flows from financing activities:      
Proceeds from related party loans 542,088 417,857 (20,384)
Deferred offering costs (1,412,531)    
Dividend payment to shareholders   (2,157,623) (986,044)
Net cash used in financing activities (870,443) (1,739,766) (1,006,428)
Effect of exchange rate fluctuation on cash (1,821) 4,499 52
Net increase (decrease) in cash 174,924 (96,629) 94,122
Cash at beginning of year 19,564 116,193 22,071
Cash at end of year 194,488 19,564 116,193
Supplemental cash flow information      
Cash paid for interest 415,688 $ 4,572 $ 3,809
Non-cash investing and financing activities      
Non-cash payment for property and equipment purchase $ 35,173