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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Jun. 30, 2020
Current Assets    
Cash and cash equivalents $ 12,831,922 $ 11,934,778
Accounts receivable, net 109,201,762 105,693,326
Inventories 107,895,317 98,921,081
Prepaid expenses and other current assets 4,039,103 3,567,912
Amount due from related parties 160,895 66
Advances to suppliers, net 38,142,857 65,081,818
Total Current Assets 272,271,855 285,198,981
Plant, Property and Equipment, Net 23,124,076 22,928,334
Other Assets 279,871 260,362
Other Non-current Assets 10,889,269 10,943,875
Intangible Assets, Net 16,196,501 15,751,625
Goodwill 7,328,798 7,045,006
Total Assets 330,090,371 342,128,183
Current Liabilities    
Accounts payable 19,534,919 17,719,093
Customer deposits 9,223,513 7,342,590
Accrued expenses and other payables 14,840,558 14,139,324
Amount due to related parties 4,253,472 4,212,407
Taxes payable 32,187,519 31,645,452
Short term loans 3,974,400 3,537,500
Interest payable 755,136 725,895
Total Current Liabilities 84,769,518 79,322,261
Total Liabilities 84,769,518 79,322,261
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, 6,350,129 and 6,350,129 shares issued and outstanding as of September 30, 2020 and June 30, 2020, respectively 6,350 6,350
Additional paid-in capital 155,455,332 155,455,332
Statutory reserve 29,909,486 29,743,991
Retained earnings 80,745,930 111,864,338
Accumulated other comprehensive income (20,796,245) (34,264,089)
Total Stockholders’ Equity 245,320,853 262,805,922
Total Liabilities and Stockholders’ Equity $ 330,090,371 $ 342,128,183