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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sales    
Net sales $ 54,184,271 $ 51,301,790
Cost of goods sold    
Cost of goods sold 29,996,109 26,628,356
Gross profit 24,188,162 24,673,434
Operating expenses    
Selling expenses 2,343,755 735,637
Selling expenses - amortization of deferred asset 9,712,715 10,331,084
General and administrative expenses 2,753,642 3,119,632
Total operating expenses 14,810,112 14,186,353
Income from operations 9,378,050 10,487,081
Other income (expense)    
Other income (expense) (4,563) 41,955
Interest income 78,662 29,385
Interest expense (429,035) (455,744)
Total other income (expense) (354,936) (384,404)
Income before income taxes 9,023,114 10,102,677
Provision for income taxes 1,777,442 2,003,595
Net income 7,245,672 8,099,082
Other comprehensive income (loss)    
Foreign currency translation gain (loss) (15,112,239) 6,289
Comprehensive income (loss) $ (7,866,567) $ 8,105,371
Basic weighted average shares outstanding (in shares) 35,939,049 32,377,250
Basic net earnings per share (in dollars per share) $ 0.20 $ 0.25
Diluted weighted average shares outstanding (in shares) 35,939,049 32,377,250
Diluted net earnings per share (in dollars per share) $ 0.20 $ 0.25
Jinong [Member]    
Sales    
Net sales $ 34,707,804 $ 34,464,165
Cost of goods sold    
Cost of goods sold 14,540,385 13,380,623
Operating expenses    
Income from operations 7,955,654 9,933,764
Other income (expense)    
Net income 6,812,851 8,431,966
Gufeng [Member]    
Sales    
Net sales 18,234,832 15,986,074
Cost of goods sold    
Cost of goods sold 14,745,674 12,599,185
Operating expenses    
Income from operations 2,609,953 2,395,978
Other income (expense)    
Interest expense (429,035) (455,744)
Net income 1,620,367 1,410,711
Yuxing [Member]    
Sales    
Net sales 1,241,635 851,551
Cost of goods sold    
Cost of goods sold 710,050 648,548
Operating expenses    
Income from operations 406,297 262,993
Other income (expense)    
Net income $ 406,285 $ 362,039