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Unaudited Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Jun. 30, 2021
Current assets    
Cash and cash equivalent $ 2,641,584 $ 6,651,705
Accounts receivable, net 19,083,554 7,896,347
Inventories, net 22,410,936 13,065,741
Other receivables – related party 20,746 0
Prepayments and other current assets 7,813,772 4,693,000
Total current assets 51,970,592 32,306,793
Non-current assets    
Right of use - non current 9,095,158 1,819,421
Property and equipment, net 165,071 55,659
Non-current prepayments 1,033,541 1,357,292
Goodwill 6,094,144 0
Investment in joint venture 37,711 0
Intangible assets, net 5,091,785 0
Other non-current assets 300,346 99,645
Total non-current assets 21,817,756 3,332,017
Total assets 73,788,348 35,638,810
Current liabilities    
Accounts payable 6,342,835 3,940,963
Credit cards payable 745,585 584,311
Customer deposit 204,490 297,407
Other payables and accrued liabilities 4,895,528 2,487,441
Advance from shareholders 97,476 0
Short-term loans payable 0 162,769
Investment payable 1,500,000 0
Lease liability - current 1,790,688 731,944
Long-term loan payable - current portion 29,244 29,244
Long-term promissory note payable - current portion 1,826,564 0
Income taxes payable 864,109 790,823
Total current liabilities 18,296,519 9,024,902
Non-current liabilities    
Long-term loan payable 434,201 458,571
Long-term revolving loan payable, net 11,166,577 0
Long-term promissory note payable, net 1,800,315 0
Deferred tax liabilities 836,330 0
Lease liability - non-current 7,573,610 1,169,552
Total non-current liabilities 21,811,033 1,628,123
Total liabilities 40,107,552 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 March 31, 2022 and June 30, 2021 0 0
Common stock, $0.001 par value; 180,000,000 shares authorized; 29,572,382 and 26,448,663 shares issued and outstanding at March 31, 2022 and June 30, 2021 29,573 26,449
Additional paid in capital 29,046,300 23,214,263
Retained earnings 4,612,219 1,745,073
Non-controlling interest (4,070) 0
Accumulated other comprehensive income (loss) (3,226) 0
Total equity 33,680,796 24,985,785
Total liabilities and equity $ 73,788,348 $ 35,638,810