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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 322,957 $ 9,353,025
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 468,971 489,835
Loss from disposal of property and equipment 5,520
Provision for doubtful accounts 3,862,356 47,497
(Decrease) increase in inventory reserve (4,972) 153,029
Deferred tax benefit (116,693) (35,677)
Income from equity method investments (421,115) (703,452)
Interest income from loans to related parties
Gain on disposal of investment
Impairment loss on goodwill
Value of shares issued to IFG Fund for equity, we subsequently cancelled 434,000
Changes in operating assets and liabilities:    
Accounts receivable 3,052,068 (8,876,896)
Advances to suppliers (8,124,282) (939,882)
Inventories (49,089) (315,834)
Other receivables 297,813 259,946
Prepaid expense and other assets 183,625 233,107
Due from related parties (65,347) 125,501
Long-term deposit and other noncurrent assets
Prepaid leases 351,085 361,665
Accounts payable (1,033,007) 2,945,920
Advances from customers 676,644 (81,157)
Other payables 1,267,391 1,716,955
Taxes payable 336,656 604,558
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,439,061 5,343,660
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of property and equipment (97,133) (1,721,647)
Proceeds from disposal of property and equipment 603
Proceeds from withdrawal of investments
Acquisition of land use right
Payment for construction in progress (42,245) (5,843)
Loan advances to third parties
Repayments (advances) of loans from third parties (363,632) 831,453
Loan advances to related party 254,210 (53,443)
Repayments of loans from related parties
Income received from investments in unconsolidated entities 152,694
Deposit for business acquisition (123,682)
Deposit for potential investment
Cash of subsidiary acquired 23,153
NET CASH USED IN INVESTING ACTIVITIES (248,800) (896,712)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term loans 2,445,749 2,443,100
Proceeds from other short-term loans 44,468
Proceeds from private equity
Repayment of short-term loans (2,223,408) (2,820,126)
Repayment of other short-term loans (75,349)
Stock issuance cost payable
Proceeds from initial public offering, net of offering costs
Proceeds from issuance of 1,637,700 of common stock 1,589,892
Proceeds from (repayments of) advances from related parties 32,921 (68,465)
NET CASH PROVIDED BY (USED IN)  FINANCING ACTIVITIES 1,814,273 (445,491)
EFFECT OF EXCHANGE RATE CHANGE ON CASH (458,635) 1,276,201
NET INCREASE IN CASH 2,545,899 5,277,658
CASH - Beginning of the Period 31,487,053 23,154,551
CASH - End of the Period 34,032,952 28,432,209
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Cash paid for income taxes 545,542 702,064
Cash paid for interest 83,851 98,017
SUPPLEMENTAL NON-CASH INVESTING ACTIVITY:    
Issued 200,000 shares of deferred issuance cost $ 434,000