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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Sales        
Net sales $ 78,638,474 $ 79,487,215 $ 189,788,745 $ 184,840,179
Cost of goods sold        
Cost of goods sold 53,904,185 51,296,698 118,230,726 109,066,234
Gross profit 24,734,289 28,190,517 71,558,019 75,773,945
Operating expenses        
Selling expenses 3,441,511 2,054,025 11,070,369 4,770,727
Selling expenses - amortization of deferred asset 8,780,893 10,604,586 27,158,360 31,587,102
General and administrative expenses 2,204,771 2,606,749 7,864,395 8,920,360
Total operating expenses 14,427,175 15,265,360 46,093,124 45,278,189
Income from operations 10,307,114 12,925,157 25,464,895 30,495,756
Other income (expense)        
Other income (expense) (2,473) 10,651 (6,307) 57,355
Interest income 263,768 161,625 416,700 229,979
Interest expense (211,734) (363,958) (943,413) (1,179,617)
Total other income (expense) 49,561 (191,682) (533,020) (892,283)
Income before income taxes 10,356,675 12,733,475 24,931,875 29,603,473
Provision for income taxes 2,104,904 2,817,281 5,166,897 6,372,760
Net income 8,251,771 9,916,194 19,764,978 23,230,713
Other comprehensive income (loss)        
Foreign currency translation gain (loss) 2,722,073 1,534,901 (20,006,295) 2,161,055
Comprehensive income (loss) $ 10,973,844 $ 11,451,095 $ (241,317) $ 25,391,768
Basic weighted average shares outstanding (in shares) 36,962,166 34,783,456 36,610,131 33,471,214
Basic net earnings per share (in dollars per share) $ 0.22 $ 0.29 $ 0.54 $ 0.69
Diluted weighted average shares outstanding (in shares) 36,962,166 34,783,456 36,610,131 33,471,214
Diluted net earnings per share (in dollars per share) $ 0.22 $ 0.29 $ 0.54 $ 0.69
Jinong [Member]        
Sales        
Net sales $ 31,602,239 $ 33,289,393 $ 97,612,604 $ 98,946,251
Cost of goods sold        
Cost of goods sold 13,353,222 13,623,964 41,328,293 39,318,627
Operating expenses        
Income from operations 5,854,750 7,263,622 17,509,024 23,322,997
Other income (expense)        
Net income 5,023,016 6,202,243 15,023,381 19,849,731
Gufeng [Member]        
Sales        
Net sales 43,762,058 45,022,730 85,576,564 82,787,611
Cost of goods sold        
Cost of goods sold 38,109,311 36,814,676 72,567,833 67,448,840
Operating expenses        
Income from operations 4,805,591 6,999,283 10,468,423 12,126,494
Other income (expense)        
Interest expense (211,734) (363,958) (943,413) (1,179,617)
Net income 3,577,278 5,048,243 7,247,542 8,223,840
Yuxing [Member]        
Sales        
Net sales 3,274,177 1,175,092 6,599,577 3,106,317
Cost of goods sold        
Cost of goods sold 2,441,652 858,058 4,334,600 2,298,767
Operating expenses        
Income from operations 543,855 125,021 1,461,365 535,592
Other income (expense)        
Net income $ 548,559 $ 128,397 $ 1,467,943 $ 646,347