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Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Sales    
Net sales $ 287,053,530 $ 277,848,486
Cost of goods sold    
Cost of goods sold 212,944,597 195,133,306
Gross profit 74,108,933 82,715,180
Operating expenses    
Selling expenses 19,812,492 32,218,579
General and administrative expenses 24,494,654 18,975,989
Total operating expenses 44,307,146 51,194,568
Income from operations 29,801,787 31,520,612
Other income (expense)    
Other income (expense) (499,861) (82,186)
Discontinued VIE operation - Zhenbai (331,995) 0
Interest income 502,730 318,404
Interest expense (592,153) (544,404)
Total other income (expense) (921,279) (308,186)
Income before income taxes 28,880,508 31,212,426
Provision for income taxes 35,852,127 6,511,880
Net (loss) income from continuing operations (6,971,619) 24,700,546
Net income from discontinued operations, net of tax 40,394 451,608
Net (loss) income (6,931,225) 25,152,154
Other comprehensive income (loss)    
Foreign currency translation gain (loss) 1,529,229 568,944
Comprehensive income (loss) $ (5,401,996) $ 25,721,098
Basic weighted average shares outstanding 38,631,765 38,093,028
Basic net earnings per share - from continuing operations $ (0.18) $ 0.65
Basic net earnings per share - from discontinued operations 0.00 0.01
Basic net earnings per share $ (0.18) $ 0.66
Diluted weighted average shares outstanding 38,631,765 38,093,028
Diluted net earnings per share- from continuing operations $ (0.18) $ 0.65
Diluted net earnings per share - from discontinued operations 0.00 0.01
Diluted net earnings per share $ (0.18) $ 0.66
VIEs - others    
Sales    
Net sales $ 65,862,085 $ 58,242,984
Cost of goods sold    
Cost of goods sold 57,496,845 50,290,603
Jinong    
Sales    
Net sales 97,722,842 106,642,032
Cost of goods sold    
Cost of goods sold 48,209,038 48,056,379
Gufeng    
Sales    
Net sales 112,983,573 104,446,239
Cost of goods sold    
Cost of goods sold 98,485,737 89,913,446
Yuxing    
Sales    
Net sales 10,485,030 8,517,231
Cost of goods sold    
Cost of goods sold $ 8,752,977 $ 6,872,878