Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2021	Jun. 30, 2020
Current assets:
Cash and cash equivalents	$ 54,356,917	$ 28,161,644
Certificates of deposit account	5,385,263	5,381,918
Accounts receivable, net	13,099,699	15,973,537
Other receivables, net	61,505	61,090
Inventories, net	1,429,503	11,783,403
Prepaid expenses and other current assets	49,244	21,588
Advance payments to vendors	48,114	27,838
Total current assets	74,430,245	61,411,018
Property and equipment, net	166,037	220,889
Intangible assets, net	1,372,553	1,125,152
Deferred tax assets, non-current	743,073	938,188
Goodwill	273,285	273,285
Right of use assets	853,397	1,139,670
Other assets	140,590	283,369
TOTAL ASSETS	77,979,180	65,391,571
Current liabilities:
Accounts payable	27,852,776	42,083,255
Income tax payable	2,342,256	34,713
Accrued liabilities	788,588	466,021
Lease liabilities, current	345,572	400,508
Total current liabilities	31,329,192	42,984,497
Lease liabilities, non-current	543,238	784,233
Notes payable, payroll protection plan loan	0	487,300
Total liabilities	31,872,430	44,256,030
Commitments and contingencies (Note 8)
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, 2021 and June 30, 2020	0	0
Common stock, par value $0.001 per share, authorized 50,000,000 shares; 11,590,281 and 10,605,912 shares issued and outstanding as of March 31, 2021, and June 30, 2020, respectively	14,068	14,007
Additional paid-in capital	12,873,592	7,475,365
Retained earnings	35,743,583	18,028,059
Treasury stock, 2,549,208 and 3,472,286 shares as of March 31, 2021 and June 30, 2020	(3,554,893)	(4,513,479)
Accumulated other comprehensive loss	(386,161)	(650,426)
Total Parent Company stockholders' equity	44,690,189	20,353,526
Non-controlling interests	1,416,561	782,015
Total stockholders' equity	46,106,750	21,135,541
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 77,979,180	$ 65,391,571

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- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).