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Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 22,214,029 $ 18,396,987
Restricted cash 87,604  
Accounts receivable, net 48,515,467 53,769,887
Prepayments, deposits and other assets, net 1,665,736 4,215,414
Amounts due from related parties 391,271 377,642
Total Current Assets 72,874,107 76,759,930
Non-current assets:    
Property and equipment, net 20,112,305 20,601,098
Intangible assets, net 726,175 970,044
Goodwill 2,363,841
Operating lease right-of-use assets 815,324
Long-term investments 456,598 610,386
Prepayments, deposits and other assets, net 252,656 248,456
Deferred tax assets, net 81,899 327,040
Total Assets 95,319,064 101,880,795
Current liabilities:    
Bank loans 10,554,617 14,474,363
Accounts payable 690,035 343,597
Accrued expenses and other current liabilities 324,021 352,402
Tax payables 2,503,375 2,355,066
Contract liabilities 918,470 587,140
Salaries and benefits payable 10,586,239 12,203,933
Operating lease liabilities 712,302
Amounts due to related parties 24,889 66,884
Total current liabilities 26,313,948 30,383,385
Non-current liabilities:    
Operating lease liabilities 104,114
Deferred tax liabilities 185,382 150,547
Unrecognized tax benefit 2,320,918 2,587,194
Other non-current liabilities 885,901 959,069
Total Liabilities 29,810,263 34,080,195
Commitments and Contingencies
Shareholders’ Equity:    
Common stock, $0.0001 par value, 100,000,000 shares authorized; 23,650,122 shares issued and outstanding as of June 30, 2023; 22,444,822 shares issued and outstanding as of June 30, 2022 2,365 2,244
Additional paid-in capital 58,183,383 55,705,209
Statutory reserves 5,356,828 5,071,876
Retained earnings 5,029,021 6,323,792
Accumulated other comprehensive loss (3,990,594) (550,248)
Total CLPS Incorporation’s Shareholders’ Equity 64,581,003 66,552,873
Noncontrolling interests 927,798 1,247,727
Total Shareholders’ Equity 65,508,801 67,800,600
Total Liabilities and Shareholders’ Equity $ 95,319,064 $ 101,880,795