v3.10.0.1

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2018	Jun. 30, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 1,803,989	$ 1,098,691
Accounts and notes receivable, net	41,434,815	43,322,463
Inventories	351,062	427,193
Other receivables, net	1,650,543	71,242
Other receivable - related party	1,346,908	1,397,042
Prepayments and advances, net	5,341,297	1,569,162
Prepayment - related party	2,228,939	2,725,423
Prepaid expenses	2,308	40,458
Total current assets	54,159,861	50,651,674
PROPERTY PLANT AND EQUIPMENT, net	2,350,606	2,748,409
Total assets	56,510,467	53,400,083
CURRENT LIABILITIES:
Short term bank loans – in default (Note 6)	24,678,993	26,062,665
Accounts payable	8,946,786	10,340,072
Customer deposits	2,171,004	903,034
Other payables	4,578,084	369,780
Other payables - shareholders	379,926	195,763
Accrued liabilities	1,237,012	1,217,584
Taxes payable	136,969	178,190
Accrued contingent liabilities	4,834,635	4,430,787
Total current liabilities	46,963,409	43,697,875
COMMITMENTS AND CONTINGENCIES (Note 12)
SHAREHOLDERS' EQUITY:
Preferred stock, $0.001 par value, 1,000,000 shares authorized, no shares issued or outstanding
Common stock, $0.001 par value, 74,000,000 shares authorized, 5,584,626 and 5,488,649 shares issued and outstanding as of September 30, 2018 and June 30, 2018, respectively	5,585	5,489
Additional paid-in-capital	48,810,272	48,360,368
Deferred stock compensation	(2,118,750)	(2,825,000)
Deficit	(50,570,144)	(49,642,916)
Statutory reserves	6,248,092	6,248,092
Accumulated other comprehensive income	7,172,003	7,556,175
Total shareholders' equity	9,547,058	9,702,208
Total liabilities and shareholders' equity	$ 56,510,467	$ 53,400,083

Carrying value as of the balance sheet date of obligations incurred contingent liabilities.

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China Advanced Construction Materials Group, Inc 10-Q