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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (loss) - USD ($)
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sales    
Net sales $ 44,158,232 $ 50,821,571
Cost of goods sold    
Cost of goods sold 35,846,563 37,662,324
Gross profit 8,311,669 13,159,247
Operating expenses    
Selling expenses 4,711,956 3,630,355
General and administrative expenses 32,944,096 16,341,792
Total operating expenses 37,656,052 19,972,147
Income (loss) from operations (29,344,383) (6,812,900)
Other income (expense)    
Other income (expense) (5,165) (30,191)
Interest income 22,405 53,624
Interest expense (56,768) (77,202)
Total other income (expense) (39,528) (53,769)
Income (loss) before income taxes (29,383,911) (6,866,668)
Provision for income taxes 1,506,003 449,131
Net income (loss) (30,952,914) (7,315,799)
Other comprehensive income (loss)    
Foreign currency translation gain (loss) 13,467,844 (17,367,485)
Comprehensive income (loss) $ (17,485,070) $ (24,683,284)
Basic weighted average shares outstanding (in Shares) 6,350,129 4,504,510
Basic net earnings per share (in Dollars per share) $ (4.87) $ (1.62)
Diluted weighted average shares outstanding (in Shares) 6,350,129 4,504,510
Diluted net earnings per share (in Dollars per share) $ (4.87) $ (1.62)
Jinong    
Sales    
Net sales $ 14,529,312 $ 19,054,816
Cost of goods sold    
Cost of goods sold 10,685,464 10,492,530
Gufeng    
Sales    
Net sales 15,828,203 16,323,217
Cost of goods sold    
Cost of goods sold 13,977,817 14,454,008
Yuxing    
Sales    
Net sales 2,423,488 2,539,711
Cost of goods sold    
Cost of goods sold 2,042,072 2,051,996
VIEs - others    
Sales    
Net sales 11,377,229 12,903,827
Cost of goods sold    
Cost of goods sold $ 9,141,210 $ 10,663,790