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Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Sales    
Net sales $ 268,785,020 $ 263,354,288
Cost of goods sold    
Cost of goods sold 175,755,689 159,398,386
Gross profit 93,029,331 103,955,902
Operating expenses    
Selling expenses 13,527,912 9,010,486
Selling expenses - amortization of deferred asset 35,068,272 41,902,052
General and administrative expenses 11,841,228 11,330,440
Total operating expenses 60,437,412 62,242,978
Income from operations 32,591,919 41,712,924
Other income (expense)    
Other income (expense) (5,473) 59,176
Interest income 485,673 302,480
Interest expense (995,959) (1,712,639)
Total other income (expense) (515,759) (1,350,983)
Income before income taxes 32,076,160 40,361,941
Provision for income taxes 7,371,967 8,916,815
Net income 24,704,193 31,445,126
Other comprehensive income (loss)    
Foreign currency translation gain (loss) (31,404,626) 2,867,747
Comprehensive income (loss) $ (6,700,433) $ 34,312,873
Basic weighted average shares outstanding 36,703,576 33,983,698
Basic net earnings per share $ 0.67 $ 0.93
Diluted weighted average shares outstanding 36,703,576 33,983,698
Diluted net earnings per share $ 0.67 $ 0.93
Jinong    
Sales    
Net sales $ 125,716,937 $ 130,355,168
Cost of goods sold    
Cost of goods sold 53,515,169 51,948,851
Gufeng    
Sales    
Net sales 134,661,420 128,675,606
Cost of goods sold    
Cost of goods sold 116,427,052 104,361,828
Yuxing    
Sales    
Net sales 8,406,663 4,323,514
Cost of goods sold    
Cost of goods sold $ 5,813,468 $ 3,087,707