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Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Sales        
Net sales $ 108,120,570 $ 82,550,883 $ 218,329,839 $ 208,278,859
Cost of goods sold        
Cost of goods sold 86,963,595 61,390,972 168,458,999 149,673,452
Gross profit 21,156,975 21,159,911 49,870,840 58,605,407
Operating expenses        
Selling expenses 6,880,994 3,553,306 18,370,524 16,375,971
General and administrative expenses 6,826,669 7,980,606 9,036,397 15,798,290
Total operating expenses 13,707,663 11,533,912 27,406,921 32,174,261
Income from operations 7,449,312 9,625,999 22,463,919 26,431,146
Other income (expense)        
Other income (expense) (101,350) (145,311) (327,433) (760,324)
Interest income 55,168 138,009 278,509 356,172
Interest expense (145,621) (178,478) (457,885) (452,640)
Total other income (expense) (191,803) (185,780) (506,809) (856,792)
Income before income taxes 7,257,509 9,440,220 21,957,110 25,574,353
Provision for income taxes 2,139,610 1,813,187 5,321,671 5,066,780
Net income from continuing operations, net of tax 5,117,899 7,627,033 16,635,439 20,507,573
Net income from discontinued operation, net of tax 0 0 0 40,394
Net income, net of tax 5,117,899 7,627,033 16,635,439 20,547,967
Other comprehensive income (loss)        
Foreign currency translation gain (loss) 10,564,053 16,213,419 (5,895,808) 24,710,375
Comprehensive income (loss) $ 15,681,952 $ 23,840,452 $ 10,739,631 $ 45,258,342
Basic weighted average shares outstanding 39,546,944 38,551,264 39,165,010 38,551,264
Basic net earnings per share $ 0.13 $ 0.2 $ 0.42 $ 0.53
Diluted weighted average shares outstanding 39,546,944 38,551,264 39,165,010 38,551,264
Diluted net earnings per share $ 0.13 $ 0.2 $ 0.42 $ 0.53
Jinong        
Sales        
Net sales $ 22,077,336 $ 27,490,333 $ 61,561,229 $ 80,475,373
Cost of goods sold        
Cost of goods sold 11,091,419 13,526,095 31,289,473 39,904,678
Gufeng        
Sales        
Net sales 67,167,427 38,932,597 106,996,368 81,602,384
Cost of goods sold        
Cost of goods sold 59,475,263 34,114,896 94,544,943 71,261,349
Yuxing        
Sales        
Net sales 2,817,942 3,041,891 7,828,981 6,788,282
Cost of goods sold        
Cost of goods sold 2,445,246 2,517,989 6,658,975 5,446,780
VIEs - others        
Sales        
Net sales 16,057,865 13,086,062 41,943,261 39,412,820
Cost of goods sold        
Cost of goods sold $ 13,951,667 $ 11,231,992 $ 35,965,608 $ 33,060,645