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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 12,477,332 $ 13,156,754
Accounts receivable 9,507,880 12,341,419
Other receivables, net 89,082 41,870
Inventories, net 1,250,712 2,285,254
Prepaid expenses and other current assets 15,497 11,838
Prepaid income taxes 30,866 30,866
Deferred tax assets, current 308,417 292,622
Advance payments to vendors 178,241 8,382
Total current assets 23,858,027 28,169,005
Property and equipment, net 249,126 317,764
Intangible assets, net 1,010,757 1,126,887
Deferred tax assets, non-current 1,726,114 1,726,114
Goodwill 273,285 273,285
Other assets 139,129 136,074
TOTAL ASSETS 27,256,438 31,749,129
Current liabilities    
Accounts payable 7,200,217 13,276,125
Advance payments from customers 304,330 1,901
Accrued liabilities 300,779 247,302
Income tax payable 355,380 0
Total current liabilities 8,160,706 13,525,328
Total liabilities 8,160,706 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 March 31, 2017 and June 30, 2016 0 0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 10,520,203 and 10,442,203 shares issued and outstanding as of March 31, 2017 and June 30, 2016, respectively 13,922 13,844
Additional paid-in capital 7,375,322 7,295,580
Retained earnings 15,833,419 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 (605,668) (648,127)
Total Parent Company stockholders' equity 18,103,516 17,119,880
Non-controlling interests 992,216 1,103,921
Total Stockholders' Equity 19,095,732 18,223,801
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 27,256,438 $ 31,749,129