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Unaudited Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2023
Jun. 30, 2023
Current Assets    
Cash and cash equivalents $ 70,402,736 $ 71,142,188
Digital assets 44,399 210,342
Accounts receivable, net 20,988,837 16,455,734
Inventories, net 39,554,487 46,455,131
Prepaid expenses and other current assets 2,457,395 2,603,489
Advances to suppliers, net 16,966,359 14,332,715
Total Current Assets 150,414,213 151,227,159
Plant, property and equipment, net 17,436,638 16,690,245
Other assets 10,025 9,784
Other non-current assets 4,268,057 5,092,721
Intangible assets, net 13,784,849 13,563,635
Deferred tax asset 114,175 97,820
Total Assets 186,027,957 186,681,364
Current Liabilities    
Accounts payable 1,583,655 2,100,449
Customer deposits 5,407,480 5,489,781
Accrued expenses and other payables 16,787,542 14,929,427
Taxes payable 26,859,846 27,070,961
Short term loans 7,653,040 5,346,640
Total Current Liabilities 63,945,272 60,376,467
Long-term Liabilities
Long-term loans 937,040
Total Liabilities 63,945,272 61,313,507
Commitments and Contingencies
Preferred Stock, $.001 par value, 20,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2023 and June 30, 2023, respectively
Common stock, $.001 par value, 115,197,165 shares authorized, 13,380,914 and 13,380,914 shares issued and outstanding as of December 31, 2023 and June 30, 2023, respectively 13,381 13,381
Additional paid-in capital 242,090,576 242,090,576
Statutory reserve 26,571,173 26,728,079
Retained earnings (123,510,975) (116,513,686)
Accumulated other comprehensive loss (23,081,470) (26,950,493)
Total Stockholders’ Equity 122,082,685 125,367,857
Total Liabilities and Stockholders’ Equity 186,027,957 186,681,364
Related Party    
Current Assets    
Amount due from related parties 27,560
Current Liabilities    
Amount due to related parties $ 5,653,709 $ 5,439,209