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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,033,544 $ 828,301
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 99,347 121,318
Amortization of intangible assets 484,047 653,510
Deferred tax 91,759 63,001
Share-based compensation (25,000) 42,951
Gain on forgiven debt 0 (40,664)
Gain from debt extinguishment 0 (331,601)
Increase (decrease) in cash due to change in:    
Accounts receivable (9,503,740) 547,471
Inventories (2,290,408) 173,117
Prepaid expenses and other current assets 46,738 65,958
Prepaid income taxes 1,055,788 147,000
Advance payments to vendors (56,484) 20,233
Other assets (4,053) 7,194
Accounts payable 13,285,927 69,811
Advance payments from customers (606,315) 1,566,645
Accrued liabilities 219,341 (20,661)
Income tax payable 91,744 0
Net cash provided by operating activities 3,922,235 3,913,584
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (41,724) (29,643)
Payments for capitalized development costs (603,577) (81,591)
Purchases of intangible assets (177,382) (6,802)
Receipt of loan repayments from an employee 0 7,128
Net cash used in investing activities (822,683) (110,908)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock (234,000) 0
Net cash used in financing activities (234,000) 0
Effect of foreign currency translation (30,548) (126,144)
Net increase in cash and cash equivalents 2,835,004 3,676,532
Cash and cash equivalents, beginning of period 11,822,620 8,240,595
Cash and cash equivalents, end of period 14,657,624 11,917,127
Cash paid (received) during the periods for:    
Interest 0 4,869
Income taxes $ (1,090,181) $ 0