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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sales    
Net sales $ 61,884,622 $ 54,184,271
Cost of goods sold    
Cost of goods sold 38,453,594 29,996,109
Gross profit 23,431,028 24,188,162
Operating expenses    
Selling expenses 5,012,068 2,343,755
Selling expenses - amortization of deferred asset 6,108,782 9,712,715
General and administrative expenses 3,231,487 2,753,642
Total operating expenses 14,352,337 14,810,112
Income from operations 9,078,691 9,378,050
Other income (expense)    
Other expense (41,057) (4,563)
Interest income 76,622 78,662
Interest expense (138,545) (429,035)
Total other expense (102,980) (354,936)
Income before income taxes 8,975,711 9,023,114
Provision for income taxes 1,624,131 1,777,442
Net income 7,351,580 7,245,672
Other comprehensive income (loss)    
Foreign currency translation loss (1,205,884) (15,112,239)
Comprehensive income (loss) $ 6,145,696 $ (7,866,567)
Basic weighted average shares outstanding 37,648,605 35,939,049
Basic net earnings per share $ 0.20 $ 0.20
Diluted weighted average shares outstanding 37,648,605 35,939,049
Diluted net earnings per share $ 0.20 $ 0.20
Jinong    
Sales    
Net sales $ 31,427,720 $ 34,707,804
Cost of goods sold    
Cost of goods sold 13,269,230 14,540,385
Gufeng    
Sales    
Net sales 15,809,514 18,234,832
Cost of goods sold    
Cost of goods sold 13,385,077 14,745,674
Yuxing    
Sales    
Net sales 1,355,411 1,241,635
Cost of goods sold    
Cost of goods sold 1,045,608 710,050
VIEs    
Sales    
Net sales 13,291,977
Cost of goods sold    
Cost of goods sold $ 10,753,679