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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Sales        
Net sales $ 82,550,883 $ 81,305,628 $ 209,283,028 $ 201,935,263
Cost of goods sold        
Cost of goods sold 61,390,972 59,952,995 150,506,550 137,971,361
Gross profit 21,159,911 21,352,633 58,776,478 63,963,902
Operating expenses        
Selling expenses 3,553,306 6,130,825 16,414,318 15,108,275
Selling expenses - amortization of deferred asset 1,556,031 11,140,251
General and administrative expenses 7,980,606 3,971,890 15,890,586 11,837,282
Total operating expenses 11,533,912 11,658,746 32,304,904 38,085,808
Income from operations 9,625,999 9,693,887 26,471,574 25,878,094
Other income (expense)        
Other income (expense) (145,311) 330,538 (438,114) 175,366
Discontinued VIE operation - Zhenbai (322,214)
Interest income 138,009 79,280 356,172 232,396
Interest expense (178,478) (232,639) (452,640) (464,430)
Total other income (expense) (185,780) 177,179 (856,826) (56,668)
Income before income taxes 9,440,220 9,871,066 25,614,747 25,821,426
Provision for income taxes 1,813,187 1,679,391 5,066,780 4,772,160
Net income 7,627,033 8,191,675 20,547,967 21,049,266
Other comprehensive income (loss)        
Foreign currency translation gain (loss) 16,213,419 (2,801,325) 24,710,375 (19,248,388)
Comprehensive income (loss) $ 23,840,452 $ 5,390,350 $ 45,258,342 $ 1,800,878
Basic weighted average shares outstanding 38,551,265 38,532,033 38,551,265 37,941,957
Basic net earnings per share $ 0.20 $ 0.21 $ 0.53 $ 0.55
Diluted weighted average shares outstanding 38,896,945 38,532,033 38,896,945 37,941,957
Diluted net earnings per share $ 0.19 $ 0.21 $ 0.53 $ 0.55
Jinong [Member]        
Sales        
Net sales $ 27,490,333 $ 26,316,821 $ 80,475,373 $ 84,570,215
Cost of goods sold        
Cost of goods sold 13,526,095 12,143,167 39,904,678 37,744,757
Gufeng        
Sales        
Net sales 38,932,597 30,858,499 81,602,384 67,734,572
Cost of goods sold        
Cost of goods sold 34,114,896 26,319,435 71,261,349 57,843,171
Yuxing        
Sales        
Net sales 3,041,891 2,781,003 6,788,282 6,590,728
Cost of goods sold        
Cost of goods sold 2,517,989 2,230,319 5,446,780 5,209,973
VIEs - others        
Sales        
Net sales 13,086,062 21,349,305 40,416,989 43,039,748
Cost of goods sold        
Cost of goods sold $ 11,231,992 $ 19,260,074 $ 33,893,743 $ 37,173,460