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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 20,262,886 $ 12,266,556
Short-term investments 21,897,186 25,191,271
Accounts receivable, net 1,912,369 1,155,060
Inventories, net 4,169,222 1,425,685
Other current assets 196,402 107,976
Advance payments to vendors 148,283 73,912
Total current assets 48,586,348 40,220,460
Property and equipment, net 82,249 114,939
Intangible assets, net 867,564 1,309,626
Deferred tax assets, non-current 2,969,433 3,184,240
Goodwill 273,285 273,285
Right of use assets, net 1,545,471 1,486,034
Other assets 126,018 131,245
TOTAL ASSETS 54,450,368 46,719,829
Current liabilities:    
Accounts payable 13,762,469 7,262,195
Contract liabilities and advance from customers 164,015 158,771
Accrued liabilities 2,002,924 1,425,146
Lease liabilities, current 351,571 239,727
Total current liabilities 16,280,979 9,085,839
Lease liabilities, non-current 1,193,901 1,257,992
Total liabilities 17,474,880 10,343,831
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 14,903,883 14,733,300
Retained earnings 25,881,136 25,137,209
Treasury stock, 2,549,208 shares (3,554,893) (3,554,893)
Accumulated other comprehensive loss (1,273,253) (1,182,825)
Total Parent Company stockholders’ equity 35,971,136 35,147,054
Non-controlling interests 1,004,352 1,228,944
Total stockholders’ equity 36,975,488 36,375,998
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 54,450,368 $ 46,719,829