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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
REVENUES      
Total revenues $ 102,545,152 $ 101,104,224 $ 63,276,479
COST OF REVENUES      
Total cost of revenues 93,543,933 91,452,753 58,209,404
GROSS PROFIT 9,001,219 9,651,471 5,067,075
OPERATING EXPENSES:      
Selling 1,255,340 708,531 854,643
General and administrative 1,467,373 981,347 515,596
Provision for doubtful accounts 743,986 918,940 175,317
Total operating expenses 3,466,699 2,608,818 1,545,556
INCOME FROM OPERATIONS 5,534,520 7,042,653 3,521,519
OTHER INCOME (EXPENSE)      
Interest income 2,196 388,781 741,218
Interest expense (841,130) (1,282,291) (667,748)
Other finance expenses (138,926) (141,284) (266,155)
Other income (expense), net 20,580 (18,596) 1,777
Provision for doubtful accounts - loan receivable 0 (1,506,778) 0
Total other expense, net (957,280) (2,560,168) (190,908)
INCOME BEFORE INCOME TAXES 4,577,240 4,482,485 3,330,611
PROVISION FOR INCOME TAXES 213,649 714,376 875,737
NET INCOME 4,363,591 3,768,109 2,454,874
OTHER COMPREHENSIVE INCOME (LOSS)      
Foreign currency translation adjustment (267,546) 133,553 (135,663)
COMPREHENSIVE INCOME $ 4,096,045 $ 3,901,662 $ 2,319,211
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES      
Basic 20,319,723 20,000,000 20,000,000
Diluted 20,944,951 20,083,151 20,000,000
EARNINGS PER SHARE      
Basic $ 0.21 $ 0.19 $ 0.12
Diluted $ 0.21 $ 0.19 $ 0.12
Supermarket and grocery store      
REVENUES      
Total revenues $ 7,322,243 $ 3,750,904 $ 4,451,149
COST OF REVENUES      
Total cost of revenues 6,371,345 3,193,830 3,011,400
Farmers' market      
REVENUES      
Total revenues 95,222,909 97,353,320 58,825,330
COST OF REVENUES      
Total cost of revenues $ 87,172,588 $ 88,258,923 $ 55,198,004