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Consolidated Statements of Comprehensive (Loss) Income - USD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]    
Net sales $ 23,997,762 $ 184,115,345
Cost of goods sold 20,181,179 151,651,324
Gross profit 3,816,583 32,464,021
Operating expenses:    
Selling, general and administrative 4,509,344 5,077,848
Research and development 4,282,131 4,567,863
Total operating expenses 8,791,475 9,645,711
(Loss) income from operations (4,974,892) 22,818,310
Other income, net:    
Interest income 71,375 8,789
Income from governmental subsidy 91,567 147,166
Gain from the forgiveness of payroll protection plan loan 0 487,300
Gain from the forgiveness of debts 38,397 0
Other income (expense), net 64,080 (26,088)
Total other income, net 265,419 617,167
(Loss) income before (benefit) provision for income taxes (4,709,473) 23,435,477
Income tax (benefit) provision (1,037,068) 5,039,295
Net (loss) income (3,672,405) 18,396,182
Less non-controlling interests in net income of subsidiary at 33.7% 90,443 697,147
Net (loss) income attributable to Parent Company $ (3,762,848) $ 17,699,035
Basic (loss) earnings per share attributable to Parent Company stockholders $ (0.32) $ 1.56
Diluted (loss) earnings per share attributable to Parent Company stockholders $ (0.32) $ 1.53
Weighted average common shares outstanding - basic 11,613,812 11,350,946
Weighted average common shares outstanding - diluted 11,613,812 11,592,901
Comprehensive (loss) income    
Translation adjustments $ (511,650) $ 177,924
Comprehensive (loss) income (4,184,055) 18,574,106
Less: comprehensive income attributable to non-controlling interest 90,443 697,147
Comprehensive (loss) income attributable to controlling interest $ (4,274,498) $ 17,876,959