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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 7,614,126 $ 6,447,505
Certificates of deposit account 5,358,054 5,380,226
Accounts receivable 11,236,606 4,138,469
Other receivables, net 51,404 40,807
Inventories, net 818,532 1,052,740
Prepaid expenses and other current assets 14,359 28,042
Advance payments to vendors 28,224 51,340
Total current assets 25,121,305 17,139,129
Property and equipment, net 221,738 131,879
Intangible assets, net 1,260,107 1,109,911
Deferred tax assets, non-current 1,924,611 2,282,975
Goodwill 273,285 273,285
Right of use asset 1,231,330 0
Other assets 281,402 258,097
TOTAL ASSETS 30,313,778 21,195,276
Current liabilities    
Accounts payable 11,357,842 5,672,514
Income tax payable 49,799 654
Advance payments from customers 612 0
Accrued liabilities 350,490 247,658
Lease liabilities, current 394,769 0
Total current liabilities 12,153,512 5,920,826
Lease liabilities, non-current 884,851 0
Total liabilities 13,038,363 5,920,826
Commitments and contingencies (Note 7) 0 0
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, 2020 and June 30, 2019 0 0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 10,570,203 shares issued and outstanding as of December 31, 2019 and June 30, 2019 14,004 13,972
Additional paid-in capital 7,470,009 7,442,272
Retained earnings 14,300,565 12,477,441
Treasury stock, 3,472,286 shares as of March 31, 2020 and June 30, 2019 (4,513,479) (4,513,479)
Accumulated other comprehensive loss (670,392) (634,802)
Total Parent Company stockholders' equity 16,600,707 14,785,404
Non-controlling interests 674,708 489,046
Total stockholders' equity 17,275,415 15,274,450
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 30,313,778 $ 21,195,276