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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sales    
Net sales $ 62,768,503 $ 61,884,622
Cost of goods sold    
Cost of goods sold 43,700,502 38,453,594
Gross profit 19,068,001 23,431,028
Operating expenses    
Selling expenses 5,179,004 5,012,068
Selling expenses - amortization of deferred asset 6,108,782
General and administrative expenses 6,972,622 3,231,487
Total operating expenses 12,151,626 14,352,337
Income from operations 6,916,375 9,078,691
Other income (expense)    
Other income (expense) (7,231) (41,057)
Interest income 87,914 76,622
Interest expense (179,575) (138,545)
Total other income (expense) (98,892) (102,980)
Income before income taxes 6,817,483 8,975,711
Provision for income taxes 1,722,655 1,624,131
Net income 5,094,828 7,351,580
Other comprehensive income (loss)    
Foreign currency translation gain (loss) 240,218 (1,205,884)
Comprehensive income (loss) $ 5,335,046 $ 6,145,696
Basic weighted average shares outstanding 38,185,277 37,648,605
Basic net earnings per share $ 0.13 $ 0.20
Diluted weighted average shares outstanding 38,185,277 37,648,605
Diluted net earnings per share $ 0.13 $ 0.20
Jinong    
Sales    
Net sales $ 26,773,760 $ 31,427,720
Cost of goods sold    
Cost of goods sold 13,112,756 13,269,230
Gufeng    
Sales    
Net sales 18,222,066 15,809,514
Cost of goods sold    
Cost of goods sold 15,986,429 13,385,077
Yuxing    
Sales    
Net sales 1,792,643 1,355,411
Cost of goods sold    
Cost of goods sold 1,392,553 1,045,608
VIEs - others    
Sales    
Net sales 15,980,034 13,291,977
Cost of goods sold    
Cost of goods sold $ 13,208,764 $ 10,753,679