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Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Jun. 30, 2018
Current Assets    
Cash and cash equivalents $ 153,154,657 $ 150,805,639
Accounts receivable, net 136,794,689 174,460,937
Inventories 85,975,555 53,784,814
Prepaid expenses and other current assets 3,791,349 2,945,247
Amount due from related parties 249,087 235,551
Advances to suppliers, net 18,497,101 25,194,463
Total Current Assets 398,462,437 407,426,651
Plant, Property and Equipment, Net 29,028,781 30,894,683
Other Assets 284,016 294,550
Other Non-current Assets 14,821,931 15,885,696
Intangible Assets, Net 19,163,847 20,317,914
Goodwill 7,874,421 8,166,467
Total Assets 469,635,433 482,985,960
Current Liabilities    
Accounts payable 22,463,673 27,128,921
Customer deposits 5,785,249 7,251,967
Accrued expenses and other payables 11,029,573 10,207,058
Amount due to related parties 3,232,715 3,271,619
Taxes payable 29,459,231 29,952,206
Short term loans 4,368,000 4,726,300
Interest payable 514,332 462,060
Derivative liability 333 66,143
Total Current Liabilities 76,853,106 83,066,274
Long-term Liabilities    
Convertible notes payable 7,210,528 7,371,899
Total Liabilities 84,063,634 90,438,173
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, 38,896,945 and 38,896,945, shares issued and outstanding as of September 30, 2018 and June 30, 2018, respectively 38,897 38,897
Additional paid-in capital 129,337,035 129,337,035
Statutory reserve 31,580,247 30,947,344
Retained earnings 244,201,627 235,822,726
Accumulated other comprehensive income (19,586,007) (3,598,215)
Total Stockholders' Equity 385,571,799 392,547,787
Total Liabilities and Stockholders' Equity $ 469,635,433 $ 482,985,960