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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Sales    
Net sales $ 249,243,496 $ 294,320,803
Cost of goods sold    
Cost of goods sold 204,492,918 229,678,123
Gross profit 44,750,578 64,642,680
Operating expenses    
Selling expenses 13,900,315 23,266,121
General and administrative expenses 165,022,621 22,571,811
Total operating expenses 178,922,936 45,837,932
Income from operations (134,172,358) 18,804,748
Other income (expense)    
Other income (expense) (107,579) (443,533)
Interest income 176,799 321,645
Interest expense (304,071) (595,125)
Total other income (expense) (234,851) (717,013)
Income before income taxes (134,407,208) 18,087,735
Provision for income taxes 2,344,928 6,497,340
Net income (136,752,136) 11,590,395
Other comprehensive income (loss)    
Foreign currency translation gain (loss) (14,442,878) (16,222,996)
Comprehensive income (loss) $ (151,195,014) $ (4,632,601)
Basic weighted average shares outstanding (in Shares) 5,619,788 3,388,529
Basic net earnings per share (in Dollars per share) $ (24.33) $ 3.42
Diluted weighted average shares outstanding (in Shares) 5,619,788 3,388,529
Diluted net earnings per share (in Dollars per share) $ (24.33) $ 3.42
Jinong    
Sales    
Net sales $ 57,001,659 $ 76,494,490
Cost of goods sold    
Cost of goods sold 37,730,361 38,962,752
Gufeng    
Sales    
Net sales 119,623,964 136,285,236
Cost of goods sold    
Cost of goods sold 105,203,118 120,369,401
Yuxing    
Sales    
Net sales 9,227,113 10,101,051
Cost of goods sold    
Cost of goods sold 7,935,849 8,631,544
VIEs - others    
Sales    
Net sales 63,390,760 71,440,026
Cost of goods sold    
Cost of goods sold $ 53,623,590 $ 61,714,426