XML 16 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Unaudited Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Jun. 30, 2023
Current Assets    
Cash and cash equivalents $ 67,285,823 $ 71,142,188
Digital assets 41,564 210,342
Accounts receivable, net 19,908,132 16,455,734
Inventories, net 42,595,553 46,455,131
Prepaid expenses and other current assets 2,668,186 2,603,489
Advances to suppliers, net 14,685,085 14,332,715
Total Current Assets 147,184,343 151,227,159
Plant, property and equipment, net 17,519,818 16,690,245
Other assets 9,734 9,784
Other non-current assets 4,605,489 5,092,721
Intangible assets, net 13,439,658 13,563,635
Deferred Tax Asset 102,233 97,820
Total Assets 182,861,275 186,681,364
Current Liabilities    
Accounts payable 1,979,494 2,100,449
Customer deposits 5,669,071 5,489,781
Accrued expenses and other payables 15,117,943 14,929,427
Taxes payable 27,033,499 27,070,961
Short term loans 3,756,540 5,346,640
Total Current Liabilities 59,181,708 60,376,467
Long-term Liabilities    
Long-term loans 932,280 937,040
Total Liabilities 60,113,988 61,313,507
Commitments and Contingencies
Stockholders’ Equity    
Preferred Stock, $.001 par value, 20,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2023 and June 30, 2023, respectively
Common stock, $.001 par value, 115,197,165 shares authorized, 13,380,914 and 13,380,914 shares issued and outstanding as of September 30, 2023 and June 30, 2023, respectively 13,381 13,381
Additional paid-in capital 242,090,576 242,090,576
Statutory reserve 26,732,603 26,728,079
Retained earnings (118,302,403) (116,513,686)
Accumulated other comprehensive loss (27,786,870) (26,950,493)
Total Stockholders’ Equity 122,747,287 125,367,857
Total Liabilities and Stockholders’ Equity 182,861,275 186,681,364
Related Party    
Current Assets    
Amount due from related parties 27,560
Current Liabilities    
Amount due to related parties $ 5,625,161 $ 5,439,209