XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Net sales $ 8,108,940 $ 3,344,060
Cost of goods sold 6,515,078 2,851,096
Gross profit 1,593,862 492,964
Operating expenses:    
Selling, general and administrative 1,239,635 1,077,815
Research and development 970,120 1,021,902
Total operating expenses 2,209,755 2,099,717
Loss from operations (615,893) (1,606,753)
Other income, net:    
Interest income 60,062 1,923
Income from governmental subsidy 17,147 84,746
(Loss) gain from foreign currency transactions (948,887) 47,318
Other expense, net (42,382) (1,463)
Total other (expense) income, net (914,060) 132,524
Loss before provision for income taxes (1,529,953) (1,474,229)
Income tax benefits (103,383) (411,256)
Net loss (1,426,570) (1,062,973)
Less: non-controlling interests in net (loss) income of subsidiary at 33.7% (299,579) 40,632
Net loss attributable to Parent Company $ (1,126,991) $ (1,103,605)
Basic loss per share attributable to Parent Company stockholders $ (0.10) $ (0.10)
Diluted loss per share attributable to Parent Company stockholders $ (0.10) $ (0.10)
Weighted average common shares outstanding - basic 11,684,280 11,593,006
Weighted average common shares outstanding - diluted 11,684,280 11,593,006
Comprehensive loss:    
Translation adjustments $ (314,218) $ (127,605)
Comprehensive loss (1,740,788) (1,190,578)
Less: comprehensive (loss) income attributable to non-controlling interest (299,579) 40,632
Comprehensive loss attributable to controlling interest $ (1,441,209) $ (1,231,210)