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Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Revenue        
Seed revenue $ 2,533,581 $ 203,752 $ 12,492,758 $ 1,399,491
Milling and other revenue 15,607 236,138 900,138 883,198
Total revenue 2,549,188 439,890 13,392,896 2,282,689
Cost of revenue        
Cost of seed revenue 1,740,130 140,650 8,998,932 1,034,163
Cost of milling and other revenue 7,514 109,057 317,335 224,305
Total cost of revenue 1,747,644 249,707 9,316,267 1,258,468
Gross profit 801,544 190,183 4,076,629 1,024,221
Operating expenses        
Selling, general and administrative expenses 633,024 614,820 2,102,742 1,640,233
Research and development expenses 44,393 77,645 198,898 339,773
Depreciation and amortization 64,775 60,714 201,386 180,411
Total operating expenses 742,192 753,179 2,503,026 2,160,417
Income (loss) from operations 59,352 (562,996) 1,573,603 (1,136,196)
Other (income) expense        
(Gain) loss on disposal of fixed assets (1,830) 0 24,532 5,706
Interest (income) expense, net 4,363 (2,764) 12,785 (9,907)
Net income (loss) before income tax expense (benefit) 56,819 (560,232) 1,536,286 (1,131,995)
Income tax expense (benefit) 36,178 (266,598) 549,816 (502,085)
Net income (loss) $ 20,641 $ (293,634) $ 986,470 $ (629,910)
Net income (loss) per common share:        
Basic $ 0.00 $ (0.05) $ 0.17 $ (0.11)
Diluted $ 0.00 $ (0.05) $ 0.17 $ (0.11)
Weighted average number of common shares outstanding:        
Basic 5,800,000 5,800,000 5,800,000 5,800,000
Diluted 5,879,894 5,800,000 5,848,161 5,800,000