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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Sales        
Net sales $ 63,963,642 $ 58,745,013 $ 126,732,145 $ 120,629,635
Cost of goods sold        
Cost of goods sold 45,415,076 39,564,772 89,115,578 78,018,366
Gross profit 18,548,566 19,180,241 37,616,567 42,611,269
Operating expenses        
Selling expenses 7,682,008 3,965,382 12,861,012 8,977,450
Selling expenses - amortization of deferred asset 0 3,475,438   9,584,220
General and administrative expenses 937,359 4,633,905 7,909,981 7,865,392
Total operating expenses 8,619,367 12,074,725 20,770,993 26,427,062
Income from operations 9,929,199 7,105,516 16,845,574 16,184,207
Other income (expense)        
Other income (expense) (276,850) (114,115) (284,081) (155,172)
Discontinued VIE operation - Zhenbai (330,966) 0 (330,966) 0
Interest income 130,248 76,494 218,162 153,116
Interest expense (94,587) (93,246) (274,162) (231,791)
Total other income (expense) (572,155) (130,867) (671,047) (233,847)
Income before income taxes 9,357,045 6,974,649 16,174,528 15,950,360
Provision for income taxes 1,530,938 1,468,638 3,253,593 3,092,769
Net income 7,826,107 5,506,011 12,920,935 12,857,591
Other comprehensive income (loss)        
Foreign currency translation gain (loss) 8,256,738 (1,205,884) 8,496,956 (16,447,063)
Comprehensive income (loss) $ 16,082,845 $ 4,300,127 $ 21,417,891 $ (3,589,472)
Basic weighted average shares outstanding 38,551,264 37,658,062 38,551,264 37,653,333
Basic net earnings per share $ 0.20 $ 0.15 $ 0.34 $ 0.34
Diluted weighted average shares outstanding 38,551,264 37,658,062 38,551,264 37,653,333
Diluted net earnings per share $ 0.20 $ 0.15 $ 0.34 $ 0.34
Jinong        
Sales        
Net sales $ 26,211,280 $ 26,825,674 $ 52,985,040 $ 58,253,394
Cost of goods sold        
Cost of goods sold 13,265,827 12,332,360 26,378,583 25,601,590
Gufeng        
Sales        
Net sales 24,447,721 21,066,559 42,669,787 36,876,073
Cost of goods sold        
Cost of goods sold 21,160,024 18,138,659 37,146,453 31,523,736
Yuxing        
Sales        
Net sales 1,953,748 2,454,314 3,746,391 3,809,725
Cost of goods sold        
Cost of goods sold 1,536,238 1,934,046 2,928,791 2,979,654
VIEs - others        
Sales        
Net sales 11,350,893 8,398,466 27,330,927 21,690,443
Cost of goods sold        
Cost of goods sold $ 9,452,987 $ 7,159,707 $ 22,661,751 $ 17,913,386