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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Dec. 31, 2011
Jun. 30, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 1,265,058 $ 1,824,594
Restricted Cash 100,002 100,000
Trade accounts receivable, net of allowance for doubtful accounts and sales returns of $357,622 at December 31, 2011 and $578,657 at June 30, 2011 8,442,861 14,031,596
Inventory 19,342,463 15,550,960
Other current assets 193,551 108,049
TOTAL CURRENT ASSETS 29,343,935 31,615,199
Property and Equipment, net 744,507 482,503
Intangible Assets and other, net 4,251,539 3,750,163
Goodwill 6,424,314 6,424,314
TOTAL ASSETS 40,764,295 42,272,179
CURRENT LIABILITIES:    
Accounts payable 3,942,230 2,940,602
Related party payables 24,840,111 28,255,349
Accrued expenses 925,073 469,403
Accrued taxes 622,803 622,803
Due to Sinopac, net 4,287,097 4,036,287
Shares to be issued   310,696
TOTAL CURRENT LIABILITIES 34,617,314 36,635,140
COMMITMENTS AND CONTINGENCIES (NOTE 9)      
STOCKHOLDERS' EQUITY    
Preferred stock - $0.01 par value, 3,333,333 shares authorized and none outstanding at December 31, 2011 and June 30, 2011      
Common stock - $0.01 par value, 100,000,000 shares authorized at December 31, 2011 and June 30, 2011. 16,978,455 issued and outstanding at December 31, 2011;16,629,654 issued and outstanding on June 30, 2011. 169,785 166,297
Additional paid in capital 42,763,640 42,355,647
Accumulated deficit (36,786,444) (36,884,905)
Total stockholders' equity 6,146,981 5,637,039
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 40,764,295 $ 42,272,179