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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2017
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 11,754,627 $ 14,285,001
Accounts receivable 7,249,837 10,993,191
Other receivables, net 125,306 79,021
Inventories, net 1,934,554 3,379,065
Prepaid expenses and other current assets 18,832 19,135
Prepaid income taxes 28,240 28,240
Advance payments to vendors 66,631 127,100
Total current assets 21,178,027 28,910,753
Property and equipment, net 208,436 219,942
Intangible assets, net 1,217,483 1,109,475
Deferred tax assets, non-current 1,797,907 1,661,906
Goodwill 273,285 273,285
Other assets 136,314 136,652
TOTAL ASSETS 24,811,452 32,312,013
Current liabilities    
Accounts payable 5,785,595 12,862,564
Advance payments from customers 46,934 51,997
Accrued liabilities 288,488 288,342
Total current liabilities 6,121,017 13,202,903
Total liabilities 6,121,017 13,202,903
Commitments and contingencies (Notes 7)
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 September 30, 2017 and June 30, 2017 0 0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 10,520,203 shares issued and outstanding as of September 30, 2017 and June 30, 2017 13,922 13,922
Additional paid-in capital 7,375,322 7,375,322
Retained earnings 15,408,730 15,846,022
Treasury stock, 3,472,286 shares as of September 30, 2017 and June 30, 2017 (4,513,479) (4,513,479)
Accumulated other comprehensive loss (604,221) (613,805)
Total Parent Company stockholders' equity 17,680,274 18,107,982
Non-controlling interests 1,010,161 1,001,128
Total Stockholders' Equity 18,690,435 19,109,110
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 24,811,452 $ 32,312,013