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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sales    
Net sales $ 57,954,806 $ 62,128,651
Cost of goods sold    
Cost of goods sold 41,485,166 43,185,367
Gross profit 16,469,640 18,943,284
Operating expenses    
Selling expenses 3,420,427 5,154,197
Selling expenses - amortization of deferred asset
General and administrative expenses 2,309,359 6,914,802
Total operating expenses 5,729,786 12,068,999
Income from operations 10,739,854 6,874,285
Other income (expense)    
Other income (expense) (38,330) (7,211)
Interest income 127,383 87,914
Interest expense (162,686) (179,575)
Total other income (expense) (73,633) (98,872)
Income before income taxes 10,666,221 6,775,413
Provision for income taxes 1,654,416 1,722,655
Net income from continuing operations 9,011,805 5,052,758
Income from discontinued operations, net of income taxes 42,070
Net income 9,011,805 5,094,828
Other comprehensive income (loss)    
Foreign currency translation gain (loss) (15,987,792) 240,218
Comprehensive income (loss) $ (6,975,987) $ 5,335,046
Basic weighted average shares outstanding 38,896,945 38,185,277
Basic net earnings per share-from continue operations $ 0.23 $ 0.13
Basic net earnings per share-from discontinue operations
Diluted weighted average shares outstanding 38,896,945 38,185,277
Diluted net earnings per share-from continue operations $ 0.23 $ 0.13
Diluted net earnings per share-from discontinue operations
Jinong    
Sales    
Net sales $ 22,496,533 $ 26,773,760
Cost of goods sold    
Cost of goods sold 11,203,172 13,112,756
Gufeng    
Sales    
Net sales 17,473,251 18,222,066
Cost of goods sold    
Cost of goods sold 15,304,863 15,986,429
Yuxing    
Sales    
Net sales 2,387,546 1,792,643
Cost of goods sold    
Cost of goods sold 2,047,163 1,392,553
VIEs - others    
Sales    
Net sales 15,597,476 15,340,182
Cost of goods sold    
Cost of goods sold $ 12,929,968 $ 12,693,629