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Segment Reporting (Tables)
3 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Schedule of segment reporting information
   Three Months Ended September 30, 
Revenues from unaffiliated customers:  2021   2020 
Jinong  $15,161,742   $14,529,312 
Gufeng   14,788,252    15,828,203 
Yuxing   2,888,894    2,423,488 
Sales VIEs   4,542,143    9,359,707 
Consolidated  $37,381,031   $42,140,710 
           
Operating income (expense):          
Jinong  $(3,862,612)  $1,758,677 
Gufeng   (9,090,997)   (31,136,234)
Yuxing   162,601    137,213 
Sales VIEs   (1,690,124)   1,608,473 
Reconciling item (1)   
-
    
-
 
Reconciling item (2)   (454,436)   (455,876)
Consolidated  $(14,935,568)  $(28,087,747)
           
Net income (loss):          
Jinong  $(3,818,917)  $1,518,043 
Gufeng   (9,163,571)   (31,193,670)
Yuxing   161,939    136,909 
Sales VIEs   (1,731,762)   1,225,349 
Reconciling item (1)   3    
-
 
Reconciling item (2)   (524,901)   (1,370,373)
Reconciling item (3)   
-
    (12,550)
Consolidated  $(15,077,208)  $(29,696,292)
           
Depreciation and Amortization:          
Jinong  $207,393   $192,578 
Gufeng   204,574    305,111 
Yuxing   320,305    298,796 
Sales VIEs   80,287    123,949 
Consolidated  $812,559   $920,432 
           
Interest expense:          
Jinong   
-
    
-
 
Gufeng   72,011    56,768 
Yuxing   
-
    
-
 
Sales VIEs   88    
-
 
Consolidated  $72,099   $56,768 
           
Capital Expenditure:          
Jinong  $15,964   $3,667 
Gufeng   21,551    17,445 
Yuxing   32,277    
-
 
 Sales VIEs   
-
    
-
 
Consolidated  $69,792   $21,112 

 

   As of 
   September 30,   June 30, 
   2021   2021 
Identifiable assets:        
Jinong  $82,809,024   $85,585,344 
Gufeng   121,469,973    130,346,782 
Yuxing   38,915,065    38,516,348 
Sales VIEs   39,257,865    43,862,592 
Reconciling item (1)   (31,704,583)   (31,748,448)
Reconciling item (2)   166,121    166,121 
Consolidated  $250,913,464   $266,728,738 

 

(3)The comparative numbers are excluding discontinued entities