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Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Jun. 30, 2020
Current Assets    
Cash and cash equivalents $ 18,593,944 $ 11,838,593
Accounts receivable, net 102,783,004 99,052,071
Inventories, net 64,315,903 98,408,639
Prepaid expenses and other current assets 8,093,808 3,408,747
Amount due from related parties 42,757 66
Advances to suppliers, net 23,884,772 65,002,723
Current Assets of discontinued VIEs   7,488,142
Total Current Assets 217,714,188 285,198,981
Plant, property and equipment, net 22,221,016 22,913,555
Other assets 497,365 260,362
Other non-current assets 9,888,518 10,791,055
Intangible assets, net 16,407,651 15,639,051
Goodwill 5,606,254
Noncurrent assets of discontinued VIEs   1,718,926
Total Assets 266,728,738 342,128,183
Current Liabilities    
Accounts payable 16,868,942 17,274,034
Customer deposits 6,257,215 7,326,889
Accrued expenses and other payables 13,598,821 11,155,419
Amount due to related parties 4,976,689 4,212,407
Taxes payable 32,542,494 30,238,882
Short term loans 4,179,600 3,537,500
Interest payable 794,124 725,895
Current liabilities of discontinued VIEs   4,851,235
Total Current Liabilities 79,217,885 79,322,261
Total Liabilities 79,217,885 79,322,261
Stockholders’ Equity    
Preferred Stock, $.001 par value, 20,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2021 and June 30, 2020, respectively
Common stock, $.001 par value, 115,197,165 shares authorized, 8,487,629 and 6,350,129 shares issued and outstanding as of June 30, 2021 and June 30, 2020, respectively 8,488 6,350
Additional paid-in capital 170,223,195 155,455,332
Statutory reserve 27,673,245 29,743,991
Retained earnings (5,812,533) 111,864,338
Accumulated other comprehensive income (loss) (4,581,541) (34,264,089)
Total Stockholders’ Equity 187,510,853 262,805,922
Total Liabilities and Stockholders’ Equity $ 266,728,738 $ 342,128,183