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Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Jun. 30, 2022
Current Assets    
Cash and cash equivalents $ 71,142,188 $ 57,770,303
Digital assets 210,342  
Accounts receivable, net 16,455,734 28,792,891
Inventories, net 46,455,131 42,198,186
Prepaid expenses and other current assets 2,603,489 4,285,198
Amount due from related parties 27,560 13,064
Advances to suppliers, net 14,332,715 20,711,891
Total Current Assets 151,227,159 153,771,533
Plant, property and equipment, net 16,690,245 18,870,152
Other assets 9,784 10,600
Other non-current assets 5,092,721 7,527,422
Intangible assets, net 13,563,635 14,935,488
Deferred Tax Asset 97,820
Total Assets 186,681,364 195,115,195
Current Liabilities    
Accounts payable 2,100,449 1,670,655
Customer deposits 5,489,781 7,994,669
Accrued expenses and other payables 14,929,427 13,734,764
Amount due to related parties 5,439,209 5,192,496
Taxes payable 27,070,961 26,954,838
Short term loans 5,346,640 4,031,100
Interest payable 765,909
Total Current Liabilities 60,376,467 60,344,431
Long-term Liabilities    
Long-term loans 937,040
Total Liabilities 61,313,507 60,344,431
Commitments and Contingencies
Stockholders’ Equity    
Preferred Stock, $.001 par value, 20,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2023 and June 30, 2022, respectively
Common stock, $.001 par value, 115,197,165 shares authorized, 13,380,914 and 12,141,467 shares issued and outstanding as of June 30, 2023 and June 30, 2022, respectively 13,381 12,141
Additional paid-in capital 242,090,576 224,676,686
Statutory reserve 26,728,079 26,870,968
Retained earnings (116,513,686) (103,374,589)
Accumulated other comprehensive loss (26,950,493) (13,414,442)
Total Stockholders’ Equity 125,367,857 134,770,764
Total Liabilities and Stockholders’ Equity $ 186,681,364 $ 195,115,195