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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Sales    
Net sales $ 95,845,788 $ 124,140,355
Cost of goods sold    
Cost of goods sold 76,123,808 102,222,062
Gross profit 19,721,980 21,918,293
Operating expenses    
Selling expenses 7,790,881 8,334,453
General and administrative expenses 40,779,553 27,197,200
Change in fair value of Bitcoin 2,701
Total operating expenses 48,573,135 35,531,653
Loss from operations (28,851,155) (13,613,360)
Other income (expense)    
Other income (expense) 132,974 271,111
Interest income 194,401 258,248
Interest expense (292,186) (295,804)
Total other income (expense) 35,189 233,555
Loss before income taxes (28,815,966) (13,379,805)
Provision for income taxes (410,651) (97,820)
Net loss (28,405,315) (13,281,985)
Other comprehensive loss    
Foreign currency translation loss 399,957 (13,536,051)
Comprehensive loss $ (28,005,358) $ (26,818,036)
Basic weighted average shares outstanding (in Shares) 13,936,757 13,248,684
Basic net loss per share (in Dollars per share) $ (2.04) $ (1)
Diluted weighted average shares outstanding (in Shares) 13,936,757 13,248,684
Diluted net loss per share (in Dollars per share) $ (2.04) $ (1)
Jinong    
Sales    
Net sales $ 32,954,490 $ 40,247,303
Cost of goods sold    
Cost of goods sold 21,778,141 28,942,247
Gufeng    
Sales    
Net sales 52,189,666 74,028,542
Cost of goods sold    
Cost of goods sold 45,600,383 65,143,060
Yuxing    
Sales    
Net sales 9,416,451 9,654,168
Cost of goods sold    
Cost of goods sold 7,816,566 7,981,531
Antaeus    
Sales    
Net sales 1,285,181 210,342
Cost of goods sold    
Cost of goods sold $ 928,718 $ 155,224