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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Sales        
Net sales $ 56,966,000 $ 54,051,174 $ 111,150,271 $ 105,352,964
Cost of goods sold        
Cost of goods sold 34,330,432 31,141,180 64,326,541 57,769,536
Gross profit 22,635,568 22,909,994 46,823,730 47,583,428
Operating expenses        
Selling expenses 5,285,103 1,981,065 7,628,858 2,716,702
Selling expenses - amortization of deferred asset 8,664,752 10,651,432 18,377,467 20,982,516
General and administrative expenses 2,905,982 3,193,979 5,659,624 6,313,611
Total operating expenses 16,855,837 15,826,476 31,665,949 30,012,829
Income from operations 5,779,731 7,083,518 15,157,781 17,570,599
Other income (expense)        
Other income (expense) 729 4,749 (3,834) 46,704
Interest income 74,270 38,969 152,932 68,354
Interest expense (302,644) (359,915) (731,679) (815,659)
Total other income (expense) (227,645) (316,197) (582,581) (700,601)
Income before income taxes 5,552,086 6,767,321 14,575,200 16,869,998
Provision for income taxes 1,284,551 1,551,884 3,061,993 3,555,479
Net income 4,267,535 5,215,437 11,513,207 13,314,519
Other comprehensive income (loss)        
Foreign currency translation gain (loss) (7,616,129) 619,865 (22,728,368) 626,154
Comprehensive income (loss) $ (3,348,594) $ 5,835,302 $ (11,215,161) $ 13,940,673
Basic weighted average shares outstanding (in shares) 36,933,002 33,281,464 36,436,026 32,829,357
Basic net earnings per share (in dollars per share) $ 0.12 $ 0.16 $ 0.32 $ 0.41
Diluted weighted average shares outstanding (in shares) 36,933,002 33,281,464 36,436,026 32,829,357
Diluted net earnings per share (in dollars per share) $ 0.12 $ 0.16 $ 0.32 $ 0.41
Jinong [Member]        
Sales        
Net sales $ 31,302,561 $ 31,192,693 $ 66,010,365 $ 65,656,858
Cost of goods sold        
Cost of goods sold 13,434,686 12,314,040 27,975,071 25,694,663
Operating expenses        
Income from operations 3,698,620 6,125,611 11,654,274 16,059,375
Other income (expense)        
Net income 3,187,514 5,215,522 10,000,365 13,647,488
Gufeng [Member]        
Sales        
Net sales 23,579,674 21,778,807 41,814,506 37,764,881
Cost of goods sold        
Cost of goods sold 19,712,848 18,034,979 34,458,522 30,634,164
Operating expenses        
Income from operations 3,052,879 2,731,233 5,662,832 5,127,211
Other income (expense)        
Interest expense (302,644) (359,915) (731,679) (815,659)
Net income 2,049,897 1,764,886 3,670,264 3,175,597
Yuxing [Member]        
Sales        
Net sales 2,083,765 1,079,674 3,325,400 1,931,225
Cost of goods sold        
Cost of goods sold 1,182,898 792,161 1,892,948 1,440,709
Operating expenses        
Income from operations 511,213 147,578 917,510 410,571
Other income (expense)        
Net income $ 513,099 $ 155,911 $ 919,384 $ 517,950