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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities    
Net income $ 14,054,194 $ 17,102,728
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Issuance of common stock and stock options for compensation 4,836,649 2,230,530
Depreciation 11,189,255 5,228,391
Amortization 4,543,931 785,838
Changes in operating assets    
Accounts receivable 9,880,787 308,537
Other current assets 53,736 (23,996)
Inventories (36,778,444) (22,502,012)
Advances to suppliers (6,887,211) 1,334,094
Other assets 2,797 36,635
Changes in operating liabilities    
Accounts payable (5,387) (2,059,637)
Unearned revenue 9,522,994 4,165,059
Tax payables (10,721,833) 3,415,597
Accrued expenses and other payables 582,066 (124,499)
Amount due to related parties 143,752 1,109,500
Net cash provided by (used in) operating activities 417,286 11,006,765
Cash flows from investing activities    
Purchase of plant, property, and equipment (1,021,920) (8,479,974)
Increase in construction in progress 0 (175,581)
Deferred assets (64,845,281) 0
Net cash used in investing activities (65,867,201) (8,655,555)
Cash flows from financing activities    
Proceeds from loans 11,078,885 562,675
Repayment of loans (7,499,485) 0
Advance from related party 250,000 0
Net cash provided by (used in) financing activities 3,829,400 562,675
Effect of exchange rate change on cash and cash equivalents 501,298 45,266
Net increase (decrease) in cash and cash equivalents (61,119,217) 2,959,151
Cash and cash equivalents, beginning balance 75,031,489 71,978,630
Cash and cash equivalents, ending balance 13,912,272 74,937,781
Supplement disclosure of cash flow information    
Interest expense paid 537,424 752,239
Income taxes paid 14,833,073 209,275
Supplemental Disclosure of Non-Cash Financing Activities:    
Issuance of 118,778 shares of common stock for repayment of amount due to related party $ 525,000 $ 0