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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (1,774,832) $ 647,992
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 187,429 196,490
Loss from disposal of property and equipment 61,098
Provision for doubtful accounts 1,334,666 213,450
Increase (decrease) in inventory reserve 177,197 (47,461)
Deferred tax (benefit) provision (145,624) 1,627
Income from equity method investments (69,899) (143,135)
Value of shares issued to IFG Fund for equity, we subsequently cancelled 434,000
Restricted shares issued for management 1,022,661
Changes in operating assets and liabilities:    
Accounts receivable (539,538) (1,002,263)
Advances to suppliers 2,974,205 147,367
Inventories (32,176) 22,139
Other receivables (891,900) 79,355
Prepaid expense and other assets 245,005 180,065
Due from related parties 59,550
Right of use assets (2,858,396)
Prepaid leases 2,796,461 116,023
Accounts payable 37,914 (1,703,276)
Advances from customers (367,577) 279,109
Other payables (50,311) 32,819
Taxes payable (20,058) 49,684
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 2,145,875 (496,015)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of property and equipment (1,497) (52,192)
Proceeds from disposal of property and equipment 79,387
(Payment for) refund of construction in progress (2,118) 53,638
Advances of loans to third parties (56,992) (221,493)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES 18,780 (220,047)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term loans 285,051 337,995
Repayment of short-term loans (285,051) (334,321)
Repayment of other short-term loans (7,126)
Proceeds from issuance of common stock 1,500,203 1,589,892
Proceeds from (repayments to) related parties 62,554 28
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,555,631 1,593,594
EFFECT OF EXCHANGE RATE CHANGE ON CASH (1,438,380) (1,128,739)
NET INCREASE (DECREASE) IN CASH 2,281,906 (251,207)
CASH - Beginning of the Period 35,330,676 31,487,053
CASH - End of the Period 37,612,582 31,235,846
SUPPLEMENTAL CASH FLOW DISCLOSURES:    
Cash paid for income taxes 199,777
Cash paid for interest 30,277 31,372
SUPPLEMENTAL NON-CASH OPERATING ACTIVITY:    
Right-of-use assets obtained in exchange for operating lease obligations $ 413,810