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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sales    
Net sales $ 50,821,571 $ 57,954,806
Cost of goods sold    
Cost of goods sold 37,662,324 41,485,166
Gross profit 13,159,247 16,469,640
Operating expenses    
Selling expenses 3,630,355 3,420,427
General and administrative expenses 16,341,792 2,309,359
Total operating expenses 19,972,147 5,729,786
Income from operations (6,812,900) 10,739,854
Other income (expense)    
Other income (expense) (30,191) (38,330)
Interest income 53,624 127,383
Interest expense (77,202) (162,686)
Total other income (expense) (53,769) (73,633)
Income before income taxes (6,866,668) 10,666,221
Provision for income taxes 449,131 1,654,416
Net income (7,315,799) 9,011,805
Other comprehensive income (loss)    
Foreign currency translation gain (loss) (17,367,485) (15,987,792)
Comprehensive income (loss) $ (24,683,284) $ (6,975,987)
Basic weighted average shares outstanding 4,504,510 3,241,412
Basic net earnings per share $ (1.62) $ 2.78
Diluted weighted average shares outstanding 4,504,510 3,241,412
Diluted net earnings per share $ (1.62) $ 2.78
Jinong    
Sales    
Net sales $ 19,054,816 $ 22,496,533
Cost of goods sold    
Cost of goods sold 10,492,530 11,203,172
Gufeng    
Sales    
Net sales 16,323,217 17,473,251
Cost of goods sold    
Cost of goods sold 14,454,008 15,304,863
Yuxing    
Sales    
Net sales 2,539,711 2,387,546
Cost of goods sold    
Cost of goods sold 2,051,996 2,047,163
VIEs - others    
Sales    
Net sales 12,903,827 15,597,476
Cost of goods sold    
Cost of goods sold $ 10,663,790 $ 12,929,968