Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 12,266,556	$ 12,241,286
Short-term investments	25,191,271	26,728,313
Accounts receivable, net	1,155,060	8,949,802
Inventories, net	1,425,685	3,741,637
Other current assets	107,976	51,125
Loan to an employee	0	91,057
Advance payments to vendors	73,912	53,875
Total current assets	40,220,460	51,857,095
Property and equipment, net	114,939	101,088
Intangible assets, net	1,309,626	2,180,884
Deferred tax assets, non-current	3,184,240	2,235,515
Goodwill	273,285	273,285
Right of use assets, net	1,486,034	152,665
Other assets	131,245	126,546
TOTAL ASSETS	46,719,829	56,927,078
Current liabilities:
Accounts payable	7,262,195	12,950,497
Contract liabilities and advance from customers	158,771	146,488
Accrued legal contingency expense	0	2,400,000
Accrued liabilities	1,425,146	856,161
Lease liabilities, current	239,727	159,104
Total current liabilities	9,085,839	16,512,250
Lease liabilities, non-current	1,257,992	0
Total liabilities	10,343,831	16,512,250
Commitments and contingencies (Note 6)
Parent Company stockholders’ equity
Preferred stock, par value $0.001 per share, authorized 10,000,000 shares; none issued and outstanding	0	0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 11,784,280 shares issued and outstanding	14,263	14,263
Additional paid-in capital	14,733,300	14,438,196
Retained earnings	25,137,209	29,101,225
Treasury stock, 2,549,208 shares	(3,554,893)	(3,554,893)
Accumulated other comprehensive loss	(1,182,825)	(1,071,930)
Total Parent Company stockholders’ equity	35,147,054	38,926,861
Non-controlling interests	1,228,944	1,487,967
Total stockholders’ equity	36,375,998	40,414,828
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 46,719,829	$ 56,927,078