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Segment Reporting (Tables)
12 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Schedule of segment reporting information
   Years Ended June 30, 
   2021   2020 
Revenues from unaffiliated customers:        
Jinong  $59,409,169   $57,001,659 
Gufeng   110,834,918    119,623,964 
Yuxing   11,038,666    9,227,113 
Sales VIEs   50,125,904    43,575,376 
Consolidated  $231,408,657   $229,428,112 
           
Operating income (expense):          
Jinong  $(20,314,442)  $(18,249,504)
Gufeng   (98,976,802)   (117,826,339)
Yuxing   622,636    413,226 
Sales VIEs   6,751,528    (704,194)
Reconciling item (1)   
-
    
-
 
Reconciling item (2)   (1,830,382)   (1,555,269)
Consolidated  $(113,747,462)  $(137,922,080)

 

Net income (loss):        
Jinong  $(20,482,770)   (15,422,166)
Gufeng   (99,310,549)   (88,682,298)
Yuxing   639,313    425,957)
Sales VIEs   4,629,663    (1,355,244)
Reconciling item (1)   13    19 
Reconciling item (2)   (4,529,952)   (1,555,269)
Reconciling item (3)  $483,164   $(33,671,884)
Consolidated  $(118,571,119)  $(140,260,884)
           
Depreciation and Amortization:          
Jinong  $809,559   $760,535 
Gufeng   1,202,230    2,070,861 
Yuxing   1,249,414    1,179,144 
Sales VIEs   552,927    687.942 
Consolidated  $3,814,131   $4,698.482 
Interest expense:          
Jinong   
-
    25,593 
Gufeng   266,304    278,373 
Yuxing   
-
    
-
 
Sales VIEs   202    105 
Consolidated  $266,506   $304,071 
           
Capital Expenditure:          
Jinong  $59,916   $50,625 
Gufeng   75,983    4,448 
Yuxing   108,732    27,794 
Sales VIEs   24,168    14,617 
Consolidated  $268,800   $97,483 

 

   As of 
   June 30,   June 30, 
   2021   2020 
Identifiable assets:        
Jinong  $85,585,344   $83,055,679 
Gufeng   130,346,782    213,038,203 
Yuxing   38,516,348    34,310,053 
Sales VIEs   43,862,592    35,508,422 
Reconciling item (1)   (31,748,448)   (23,950,294)
Reconciling item (2)   166,121    166,121 
Consolidated  $266,728,738   $342,128,183