XML 13 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2016
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 11,685,966 $ 13,156,754
Accounts receivable 13,707,055 12,341,419
Other receivables, net 54,335 41,870
Inventories, net 2,179,870 2,285,254
Prepaid expenses and other current assets 18,808 11,838
Prepaid income taxes 30,866 30,866
Deferred tax assets, current 304,674 292,622
Advance payments to vendors 166,068 8,382
Total current assets 28,147,642 28,169,005
Property and equipment, net 254,665 317,764
Intangible assets, net 1,066,257 1,126,887
Deferred tax assets, non-current 1,726,114 1,726,114
Goodwill 273,285 273,285
Other assets 130,650 136,074
TOTAL ASSETS 31,598,613 31,749,129
Current liabilities    
Accounts payable 11,831,282 13,276,125
Advance payments from customers 30,416 1,901
Accrued liabilities 333,111 247,302
Income tax payable 396,185 0
Total current liabilities 12,590,994 13,525,328
Total liabilities 12,590,994 13,525,328
Commitments and contingencies (Notes 7)
Parent Company stockholders' equity:    
Preferred stock, par value $0.001 per share, authorized 10,000,000 shares; No preferred stock issued and outstanding as of September 30, 2016 and 2015 0 0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 10,517,203 and 10,442,203 shares issued and outstanding as of December 31, 2016 and June 30, 2016, respectively 13,919 13,844
Additional paid-in capital 7,371,305 7,295,580
Retained earnings 15,759,941 14,972,062
Treasury stock, 3,472,286 shares as of December 31, 2016 and June 30, 2016 (4,513,479) (4,513,479)
Accumulated other comprehensive loss (676,739) (648,127)
Total Parent Company stockholders' equity 17,954,947 17,119,880
Non-controlling interests 1,052,672 1,103,921
Total Stockholders' Equity 19,007,619 18,223,801
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 31,598,613 $ 31,749,129