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Unaudited Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Jun. 30, 2024
Current assets    
Cash and cash equivalents $ 51,477,572 $ 58,772,587
Digital assets 11,225 53,693
Accounts receivable, net 22,322,256 16,493,068
Inventories, net 35,368,718 37,826,456
Advances to suppliers, net 15,942,668 12,110,034
Other current assets 2,455,107 2,430,052
Total current assets 127,577,546 127,685,890
Non-current assets    
Plant, property and equipment, net 13,907,815 14,021,292
Intangible assets, net 13,739,062 13,313,157
Other non-current assets 16,399,629 8,226,344
Total non-current assets 44,046,506 35,560,793
Total assets 171,624,052 163,246,683
Current liabilities    
Accounts payable 1,625,523 1,685,725
Customer deposits 7,320,054 4,937,207
Accrued expenses and other payables 15,653,037 14,909,843
Taxes payable 26,707,330 26,781,175
Short term loans 5,502,964 7,466,250
Total current liabilities 62,444,640 61,291,253
Long-term loans 6,181,216 1,856,250
Total non-current liabilities 6,181,216 1,856,250
Total liabilities 68,625,856 63,147,503
Commitments and Contingencies
Stockholders’ Equity    
Preferred Stock, $.001 par value, 20,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2024 and June 30, 2024, respectively
Common stock, $.001 par value, 115,197,165 shares authorized, 14,793,538 and 14,793,538 shares issued and outstanding as of September 30, 2024 and June 30, 2024, respectively 14,794 14,794
Additional paid-in capital 244,825,844 244,825,844
Statutory reserve 26,750,361 26,728,079
Retained earnings (146,783,508) (144,919,001)
Accumulated other comprehensive loss (21,809,295) (26,550,536)
Total Stockholders’ Equity 102,998,196 100,099,180
Total Liabilities and Stockholders’ Equity 171,624,052 163,246,683
Related Party    
Current liabilities    
Amount due to related parties $ 5,635,732 $ 5,511,053