Consolidated Balance Sheets - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Current Assets
Cash and cash equivalents	$ 102,896,486	$ 92,982,564
Accounts receivable, net	117,055,376	68,528,598
Inventories, net	87,436,315	101,302,947
Prepaid expenses and other current assets	1,329,098	459,400
Advances to suppliers, net	26,863,959	40,910,837
Total Current Assets	335,581,234	304,184,346
Plant, Property and Equipment, Net	37,569,739	44,634,194
Deferred Asset, Net	13,431,621	51,527,209
Other Assets	379,047	185,480
Intangible Assets, Net	23,840,048	23,805,746
Goodwill	7,980,838	5,245,643
Total Assets	418,782,527	429,582,618
Current Liabilities
Accounts payable	5,246,153	2,372,130
Customer deposits	8,578,341	19,129,853
Accrued expenses and other payables	16,414,392	4,952,977
Amount due to related parties	2,473,004	2,068,102
Taxes payable	4,104,218	4,504,542
Short term loans	4,665,500	23,605,540
Convertible notes payable	6,671,769
Derivative liability	144,818
Total Current Liabilities	48,298,195	56,633,144
Commitment and Contingencies
Stockholders' Equity
Preferred Stock, $.001 par value, 20,000,000 shares authorized, zero shares issued and outstanding
Common stock, $.001 par value, 115,197,165 shares authorized, 37,648,605 and 35,905,198 shares issued and outstanding as of June 30, 2016 and 2015, respectively	37,648	35,905
Additional paid-in capital	127,593,932	123,360,384
Statutory reserve	27,203,861	25,030,688
Retained earnings	221,345,279	198,814,259
Accumulated other comprehensive income (loss)	(5,696,388)	25,708,238
Total Stockholders' Equity	370,484,332	372,949,474
Total Liabilities and Stockholders' Equity	$ 418,782,527	$ 429,582,618