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Consolidated Statements of Comprehensive (Loss) Income (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]        
Net sales $ 6,176,499 $ 11,851,971 $ 24,679,824 $ 28,944,554
Cost of goods sold 5,659,050 9,806,461 21,812,140 24,359,140
Gross profit 517,449 2,045,510 2,867,684 4,585,414
Operating expenses:        
Selling, general and administrative 1,261,147 1,463,433 4,032,031 4,039,035
Research and development 811,470 1,052,672 2,531,279 2,999,207
Total operating expenses 2,072,617 2,516,105 6,563,310 7,038,242
Loss from operations (1,555,168) (470,595) (3,695,626) (2,452,828)
Other (loss) income, net:        
Interest income 155,433 158,418 561,201 281,155
Income from governmental subsidy (59) 7,197 16,507 41,510
Gain from the forgiveness of accounts payable and accrued liabilities 0 25,293 0 190,293
Loss from foreign currency transactions (366,078) (199,226) (217,606) (75,004)
Other (loss) income, net 142,788 111,888 460,363 152,971
Total other (loss) income, net (67,916) 103,570 820,465 590,925
Loss before benefit for income taxes (1,623,084) (367,025) (2,875,161) (1,861,903)
Income tax benefit (312,764) (578,664) (577,981) (563,181)
Net (loss) income (1,310,320) 211,639 (2,297,180) (1,298,722)
Less: non-controlling interests in net loss of subsidiary at 33.7% (134,640) (35,990) (99,189) (41,036)
Net (loss) income attributable to Parent Company $ (1,175,680) $ 247,629 $ (2,197,991) $ (1,257,686)
(Loss) income per share attributable to Parent Company stockholders - basic $ (0.10) $ 0.02 $ (0.19) $ (0.11)
(Loss) income per share attributable to Parent Company stockholders - diluted $ (0.10) $ 0.02 $ (0.19) $ (0.11)
Weighted average common shares outstanding - basic 11,784,280 11,784,280 11,784,280 11,720,776
Weighted average common shares outstanding - diluted 11,784,280 11,784,280 11,784,280 11,720,776
Comprehensive (loss) income        
Net (loss) income $ (1,310,320) $ 211,639 $ (2,297,180) $ (1,298,722)
Translation adjustments (146,761) (139,752) (81,118) (65,713)
Comprehensive (loss) income (1,457,081) 71,887 (2,378,298) (1,364,435)
Less: comprehensive loss attributable to non-controlling interest (134,640) (35,990) (99,189) (41,036)
Comprehensive (loss) income attributable to controlling interest $ (1,322,441) $ 107,877 $ (2,279,109) $ (1,323,399)