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Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Jun. 30, 2019
Current Assets    
Cash and cash equivalents $ 82,953,941 $ 72,259,804
Accounts receivable, net 138,984,949 145,190,160
Inventories 146,848,526 162,013,889
Prepaid expenses and other current assets 3,305,910 2,776,370
Amount due from related parties 79,380 0
Advances to suppliers, net 29,136,516 32,713,817
Total Current Assets 401,309,221 414,954,039
Plant, Property and Equipment, Net 24,830,646 26,669,938
Other Assets 264,294 267,907
Other Non-current Assets 12,375,236 13,352,645
Intangible Assets, Net 16,758,281 17,881,449
Goodwill 7,560,742 7,874,421
Total Assets 463,098,420 481,000,399
Current Liabilities    
Accounts payable 17,349,392 19,004,548
Customer deposits 6,164,137 6,514,619
Accrued expenses and other payables 11,995,286 12,029,722
Amount due to related parties 3,800,160 3,641,945
Taxes payable 29,621,164 31,357,690
Short term loans 3,774,600 3,640,000
Interest payable 698,301 720,720
Derivative liability 2,620 18,162
Convertible notes payable 7,238,358 7,517,307
Total Current Liabilities 80,644,018 84,444,714
Long-term Liabilities
Total Liabilities 80,644,018 84,444,714
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, 4,977,479 and 3,986,912 shares issued and outstanding as of September 30, 2019 and June 30, 2019, respectively 4,977 3,987
Additional paid-in capital 148,593,455 138,012,445
Statutory reserve 31,306,794 31,237,891
Retained earnings 239,737,872 247,122,574
Accumulated other comprehensive income (37,188,696) (19,821,211)
Total Stockholders' Equity 382,454,402 396,555,686
Total Liabilities and Stockholders' Equity $ 463,098,420 $ 481,000,399