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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Jun. 30, 2022
Current assets    
Cash and cash equivalent $ 4,842,146 $ 1,821,947
Accounts receivable, net 18,989,969 17,432,287
Inventories, net 30,313,684 30,433,766
Other receivable - related party 134,262 51,762
Prepayments and other current assets 3,163,763 5,444,463
Total current assets 57,443,824 55,184,225
Non-current assets    
Right of use – non-current 9,805,484 10,453,282
Property and equipment, net 569,878 544,633
Non-current prepayments 817,707 925,624
Goodwill 3,034,110 6,094,144
Investment in joint venture 39,994 43,385
Intangible assets, net 4,767,099 4,929,442
Other non-current assets 412,626 406,732
Total non-current assets 19,446,898 23,397,242
Total assets 76,890,722 78,581,467
Current liabilities    
Accounts payable 14,818,253 9,533,408
Credit cards payable 151,125 807,687
Customer deposit 348,948 273,457
Other payables and accrued liabilities 2,090,595 5,915,220
Advance from shareholders 86,847 92,246
Investment payable 1,500,000 1,500,000
Lease liability - current 2,593,995 2,582,933
Long-term promissory note payable - current portion 2,806,565 1,879,065
Income taxes payable 282,029 299,563
Total current liabilities 24,678,357 22,883,579
Non-current liabilities    
Long-term revolving loan payable, net 15,192,660 12,314,627
Long-term promissory note payable, net 894,023 1,781,705
Deferred tax liabilities 271,040 939,115
Lease liability - non-current 7,616,586 8,265,611
Total non-current liabilities 23,974,309 23,301,058
Total liabilities 48,652,666 46,184,637
Commitments and contingency
Stockholders' Equity    
Preferred stock, $0.001 par value; 20,000,000 shares authorized; 0 shares issued and outstanding at September 30, 2022 and June 30, 2022 0 0
Common stock, $0.001 par value; 180,000,000 shares authorized; 29,572,382 and 29,572,382 shares issued and outstanding at September 30, 2022 and June 30, 2022 29,573 29,573
Additional paid in capital 29,249,745 29,111,863
(Accumulated deficit) Retained earnings (919,428) 3,262,948
Non-controlling interest (16,037) (13,232)
Accumulated other comprehensive (loss) income (105,797) 5,678
Total equity 28,238,056 32,396,830
Total liabilities and equity $ 76,890,722 $ 78,581,467