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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Jun. 30, 2024
Current assets    
Cash and cash equivalents $ 48,792,729 $ 58,772,587
Digital assets 53,693
Accounts receivable, net 22,429,490 16,493,068
Inventories, net 32,800,755 37,826,456
Advances to suppliers, net 15,453,915 12,110,034
Other current assets 5,293,533 2,430,052
Total current assets 124,770,422 127,685,890
Non-current assets    
Plant, property and equipment, net 12,526,920 14,021,292
Intangible assets, net 13,180,911 13,313,157
Other non-current assets 12,389,739 8,226,344
Total non-current assets 38,097,570 35,560,793
Total assets 162,867,992 163,246,683
Current liabilities    
Accounts payable 1,547,259 1,685,725
Customer deposits 7,432,037 4,937,207
Accrued expenses and other payables 16,863,591 14,909,843
Taxes payable 26,697,718 26,781,175
Short term loans 5,599,467 7,466,250
Total current liabilities 63,963,646 61,291,253
Long-term liabilities    
Long-term loans 6,957,290 1,856,250
Total non-current liabilities 6,957,290 1,856,250
Total liabilities 70,920,936 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 March 31, 2025 and June 30, 2024, respectively
Common stock, $.001 par value, 115,197,165 shares authorized, 14,793,538 and 14,793,538 shares issued as of March 31, 2025 and June 30, 2024, respectively;14,447,558 and 14,793,538 shares outstanding as of March 31, 2025 and June 30, 2024, respectively 14,794 14,794
Additional paid-in capital 244,825,844 244,825,844
Statutory reserve 26,775,495 26,728,079
Retained earnings (152,816,514) (144,919,001)
Less: treasury stock (398,526)
Accumulated other comprehensive loss (26,454,037) (26,550,536)
Total stockholders’ equity 91,947,056 100,099,180
Total liabilities and stockholders’ equity 162,867,992 163,246,683
Related Party    
Current liabilities    
Amount due to related parties $ 5,823,574 $ 5,511,053