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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sales    
Net sales $ 37,381,030 $ 42,140,710
Cost of goods sold    
Cost of goods sold 30,127,985 34,266,517
Gross profit 7,253,045 7,874,193
Operating expenses    
Selling expenses 3,714,213 4,687,423
General and administrative expenses 18,474,399 31,274,517
Total operating expenses 22,188,612 35,961,940
(Loss) from operations (14,935,567) (28,087,747)
Other income (expense)    
Other (expense) (2,908) (5,133)
Interest income 45,389 22,359
Interest expense (72,099) (56,768)
Total other (expense) (29,618) (39,542)
(Loss) from continuing operations before income taxes (14,965,185) (28,127,289)
Provision for income taxes 112,023 1,569,003
(Loss) from continuing operations (15,077,208) (29,696,292)
Net (loss) from discontinued operations, net of taxes (1,256,622)
Net (loss) (15,077,208) (30,952,914)
Foreign currency translation gain 456,574 13,467,844
Comprehensive (loss) $ (14,620,634) $ (17,485,070)
Basic net (loss) per share – from continuing operations (in Dollars per share) $ (1.78) $ (4.68)
Basic net (loss) earnings per share – from discontinued operations (in Dollars per share) (0.2)
Basic net (loss) per share (in Dollars per share) $ (1.78) $ (4.87)
Diluted weighted average shares outstanding (in Shares) 8,487,629 6,350,129
Diluted net (loss) per share– from continuing operations (in Dollars per share) $ (1.78) $ (4.68)
Diluted net (loss) earnings per share – from discontinued operations (in Dollars per share) (0.2)
Diluted net (loss) per share (in Dollars per share) $ (1.78) $ (4.87)
Jinong    
Sales    
Net sales $ 15,161,742 $ 14,529,312
Cost of goods sold    
Cost of goods sold 11,092,311 10,685,464
Gufeng    
Sales    
Net sales 14,788,252 15,828,203
Cost of goods sold    
Cost of goods sold 12,857,262 13,977,817
Yuxing    
Sales    
Net sales 2,888,894 2,423,488
Cost of goods sold    
Cost of goods sold 2,389,467 2,042,072
VIEs - others    
Sales    
Net sales 4,542,142 9,359,707
Cost of goods sold    
Cost of goods sold $ 3,788,945 $ 7,561,164