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Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2015
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 14,657,624 $ 11,822,620
Accounts receivable 14,945,041 5,464,182
Other receivables, net 166,265 143,384
Inventories, net 4,572,075 2,281,667
Prepaid expenses and other current assets 13,601 60,339
Prepaid income taxes 0 1,055,788
Deferred tax assets, current 206,902 206,902
Advance payments to vendors 118,806 62,321
Total current assets 34,680,314 21,097,203
Property and equipment, net 256,869 314,492
Intangible assets, net 1,339,193 1,042,281
Deferred tax assets, non-current 1,768,588 1,860,347
Goodwill 273,285 273,285
Other assets 133,912 129,859
TOTAL ASSETS 38,452,161 24,717,467
Current liabilities    
Accounts payable 20,648,002 7,362,075
Advance payments from customers 87,002 693,317
Accrued liabilities 457,961 238,619
Income tax payable 91,744 0
Short-term borrowings 148,295 148,295
Total current liabilities 21,433,004 8,442,306
Total liabilities $ 21,433,004 $ 8,442,306
Commitments and contingencies (Note 8)
Parent Company stockholders' equity:    
Preferred stock, par value $0.001 per share, authorized 10,000,000 shares; No preferred stock issued and outstanding as of December 31, 2015 and June 30, 2015 $ 0 $ 0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 10,403,869 shares issued and outstanding as of December 31, 2015 and June 30, 2015, respectively 13,806 13,806
Additional paid-in capital 7,280,767 7,305,767
Retained earnings 13,996,257 13,361,091
Treasury stock, 3,472,286 and 3,342,286 shares as of December 31, 2015 and June 30, 2015, respectively (4,513,479) (4,279,479)
Accumulated other comprehensive loss (695,270) (664,722)
Total Parent Company stockholders' equity 16,082,081 15,736,463
Non-controlling interests 937,076 538,698
Total Stockholders' Equity 17,019,157 16,275,161
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 38,452,161 $ 24,717,467