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Unaudited Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2021
Jun. 30, 2021
Current assets    
Cash and cash equivalent $ 1,091,758 $ 6,651,705
Accounts receivable, net 15,553,516 7,896,347
Inventories, net 19,908,500 13,065,741
Prepayments and other current assets 6,804,371 4,693,000
Total current assets 43,358,145 32,306,793
Non-current assets    
Right of use assets – non-current 1,473,397 1,819,421
Property and equipment, net 103,189 55,659
Non-current prepayments 1,141,458 1,357,292
Other non-current assets 329,244 99,645
Total non-current assets 3,047,288 3,332,017
Total assets 46,405,433 35,638,810
Current liabilities    
Accounts payable 4,545,928 3,940,963
Credit cards payable 550,310 584,311
Customer deposit 228,161 297,407
Other payables and accrued liabilities 4,899,502 2,487,441
Short-term loans payable 0 162,769
Lease liability - current 766,759 731,944
Long-term loan payable - current portion 29,244 29,244
Income taxes payable 374,513 790,823
Total current liabilities 11,394,417 9,024,902
Non-current liabilities    
Long-term loan payable 441,512 458,571
Long-term revolving loan payable, net 6,963,551 0
Lease liability – non-current 777,290 1,169,552
Total non-current liabilities 8,182,353 1,628,123
Total liabilities 19,576,770 10,653,025
Commitments and contingency
Stockholders' Equity    
Preferred stock, $0.001 par value; 20,000,000 shares authorized; 0 shares issued and outstanding at December 31, and June 30, 2021 0 0
Common stock, $0.001 par value; 180,000,000 shares authorized; 26,488,682 and 26,448,663 shares issued and outstanding at December 31, and June 30, 2021 26,489 26,449
Additional paid in capital 23,371,712 23,214,263
Retained earnings 3,430,462 1,745,073
Total equity 26,828,663 24,985,785
Total liabilities and equity $ 46,405,433 $ 35,638,810