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Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Sales    
Net sales $ 285,213,040 $ 268,785,020
Cost of goods sold    
Cost of goods sold 201,440,955 175,755,689
Gross profit 83,772,085 93,029,331
Operating expenses    
Selling expenses 32,472,315 48,596,184
General and administrative expenses 19,321,999 11,841,228
Total operating expenses 51,794,314 60,437,412
Income from operations 31,977,771 32,591,919
Other income (expense)    
Other income (expense) (82,491) (5,473)
Interest income 318,404 485,673
Interest expense (549,650) (995,959)
Total other income (expense) (313,737) (515,759)
Income before income taxes 31,664,034 32,076,160
Provision for income taxes 6,511,880 7,371,967
Net income 25,152,154 24,704,193
Other comprehensive income (loss)    
Foreign currency translation gain (loss) 568,944 (31,404,626)
Comprehensive income (loss) $ 25,721,098 $ (6,700,433)
Basic weighted average shares outstanding 38,093,028 36,703,576
Basic net earnings per share $ 0.66 $ 0.67
Diluted weighted average shares outstanding 38,093,028 36,703,576
Diluted net earnings per share $ 0.66 $ 0.67
VIEs - others    
Sales    
Net sales $ 65,607,538 $ 0
Cost of goods sold    
Cost of goods sold 56,598,252 0
Jinong    
Sales    
Net sales 106,642,032 125,716,937
Cost of goods sold    
Cost of goods sold 48,056,379 53,515,169
Gufeng    
Sales    
Net sales 104,446,239 134,661,420
Cost of goods sold    
Cost of goods sold 89,913,446 116,427,052
Yuxing    
Sales    
Net sales 8,517,231 8,406,663
Cost of goods sold    
Cost of goods sold $ 6,872,878 $ 5,813,468