v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities    
Net income (loss) $ 198,137 $ (1,219,051)
Adjustment to reconcile net income (loss) to net cash used in operating activities    
Depreciation and amortization 103,041 139,859
Recovery of doubtful accounts (263,247)  
Deferred tax (benefit) expense (40,700) 64,500
Gain on disposition of property and equipment (28,666) (3,398)
Changes in assets and liabilities    
Decrease in advances to suppliers 172,214 96,151
Decrease (increase) in accounts receivable 472,664 (1,825,731)
(Increase) decrease in other receivables (62,039) 84,825
Decrease in other current assets 5,951 52,950
Decrease in prepaid taxes 26,288 1,167
Decrease in other long-term assets 1,568 12,443
Increase in due from related parties (566,957)  
(Decrease) increase in advances from customers (537,646) 18,848
Decrease in accounts payable (279,246) (1,536,468)
Decrease in accrued expenses (19,838) (9,252)
Increase in other current liabilities 190,723 79,878
Net cash used in operating activities (627,753) (4,043,279)
Investing Activities    
Acquisitions of property and equipment (203,702) (50,198)
Net cash used in investing activities (203,702) (50,198)
Financing Activities    
Increase in noncontrolling interest in majority-owned subsidiary 0 (9,866)
Net cash used in financing activities 0 (9,866)
Effect of exchange rate fluctuations on cash and cash equivalents 73,259 1,030
Net decrease in cash and cash equivalents (758,196) (4,102,313)
Cash and cash equivalents at beginning of period 3,048,831 4,433,333
Cash and cash equivalents at end of period 2,290,635 331,020
Supplemental information:    
Income taxes paid 16,961 19,800
Non-cash transactions of operating activities:    
Settlement of related accounts receivable and payable $ 2,589,739 $ 0