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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Sales        
Net sales $ 58,745,013 $ 56,966,000 $ 120,629,635 $ 111,150,271
Cost of goods sold        
Cost of goods sold 39,564,772 34,330,432 78,018,366 64,326,541
Gross profit 19,180,241 22,635,568 42,611,269 46,823,730
Operating expenses        
Selling expenses 3,965,382 5,285,103 8,977,450 7,628,858
Selling expenses - amortization of deferred asset 3,475,438 8,664,752 9,584,220 18,377,467
General and administrative expenses 4,633,905 2,905,982 7,865,392 5,659,624
Total operating expenses 12,074,725 16,855,837 26,427,062 31,665,949
Income from operations 7,105,516 5,779,731 16,184,207 15,157,781
Other income (expense)        
Other income (expense) (114,115) 729 (155,172) (3,834)
Interest income 76,494 74,270 153,116 152,932
Interest expense (93,246) (302,644) (231,791) (731,679)
Total other income (expense) (130,867) (227,645) (233,847) (582,581)
Income before income taxes 6,974,649 5,552,086 15,950,360 14,575,200
Provision for income taxes 1,468,638 1,284,551 3,092,769 3,061,993
Net income 5,506,011 4,267,535 11,513,207
Other comprehensive income (loss)        
Foreign currency translation gain (loss) (1,205,884) (7,616,129) (16,447,063) (22,728,368)
Comprehensive income (loss) $ 4,300,127 $ (3,348,594) $ (3,589,472) $ (11,215,161)
Basic weighted average shares outstanding 37,658,062 36,933,002 37,653,333 36,436,026
Basic net earnings per share $ 0.15 $ 0.12 $ 0.34 $ 0.32
Diluted weighted average shares outstanding 37,658,062 36,933,002 37,653,333 36,436,026
Diluted net earnings per share $ 0.15 $ 0.12 $ 0.34 $ 0.32
Jinong        
Sales        
Net sales $ 26,825,674 $ 31,302,561 $ 58,253,394 $ 66,010,365
Cost of goods sold        
Cost of goods sold 12,332,360 13,434,686 25,601,590 27,975,071
Gufeng        
Sales        
Net sales 21,066,559 23,579,674 36,876,073 41,814,506
Cost of goods sold        
Cost of goods sold 18,138,659 19,712,848 31,523,736 34,458,522
Yuxing        
Sales        
Net sales 2,454,314 2,083,765 3,809,725 3,325,400
Cost of goods sold        
Cost of goods sold 1,934,046 1,182,898 2,979,654 1,892,948
VIEs        
Sales        
Net sales 8,398,466 21,690,443
Cost of goods sold        
Cost of goods sold $ 7,159,707 $ 17,913,386