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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Sales        
Net sales $ 32,938,317 $ 45,261,960 $ 73,136,293 $ 97,398,492
Cost of goods sold        
Cost of goods sold 26,597,407 37,886,004 58,817,042 80,323,310
Gross profit 6,340,910 7,375,956 14,319,251 17,075,182
Operating expenses        
Selling expenses 1,855,189 1,958,455 5,505,203 6,054,463
General and administrative expenses 15,457,007 5,234,123 26,961,424 15,054,640
Total operating expenses 17,312,196 7,192,578 32,466,627 21,109,103
Loss (income) from operations (10,971,286) 183,378 (18,147,376) (4,033,921)
Other income (expense)        
Other income (expense) 108,443 5,538 149,152 115,399
Interest income 42,547 67,097 148,744 199,858
Interest expense (75,461) (66,408) (216,828) (216,391)
Total other income (expense) 75,529 6,227 81,068 98,866
Loss (income) before income taxes (10,895,757) 189,605 (18,066,308) (3,935,055)
Provision for income taxes 5,527 (10,828)
Net loss (income) (10,901,284) 189,605 (18,055,480) (3,935,055)
Other comprehensive (loss) income        
Foreign currency translation (loss) gain (2,163,484) 792,281 1,705,539 (4,040,988)
Comprehensive (loss) income $ (13,064,767) $ 981,886 $ (16,349,941) $ (7,976,043)
Basic weighted average shares outstanding (in Shares) 14,203,877 13,380,914 13,653,240 13,204,768
Basic net loss (income) per share (in Dollars per share) $ (0.79) $ 0.02 $ (1.32) $ (0.3)
Diluted weighted average shares outstanding (in Shares) 14,203,877 13,380,914 13,653,240 13,204,768
Diluted net loss (income) per share (in Dollars per share) $ (0.79) $ 0.02 $ (1.32) $ (0.3)
Jinong        
Sales        
Net sales $ 7,534,076 $ 9,606,177 $ 23,634,474 $ 31,596,928
Cost of goods sold        
Cost of goods sold 4,510,800 6,851,488 16,099,697 22,763,780
Gufeng        
Sales        
Net sales 22,544,062 33,457,644 41,174,493 57,886,185
Cost of goods sold        
Cost of goods sold 19,759,666 29,268,662 35,953,277 51,001,151
Yuxing        
Sales        
Net sales 2,467,916 2,198,139 7,262,819 7,915,379
Cost of goods sold        
Cost of goods sold 2,096,025 1,765,854 6,015,793 6,558,379
Antaeus        
Sales        
Net sales 392,263 1,064,507
Cost of goods sold        
Cost of goods sold $ 230,916 $ 748,275