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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (loss) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Sales        
Total net sales $ 48,341,342 $ 49,565,009 $ 92,499,574 $ 100,386,580
Cost of goods sold        
Total cost of goods sold 39,917,223 40,744,524 75,763,786 78,406,848
Gross profit 8,424,119 8,820,485 16,735,788 21,979,732
Operating expenses        
Selling expenses 3,349,155 3,856,972 8,061,111 7,487,327
General and administrative expenses 43,537,527 32,761,531 76,481,622 49,103,323
Total operating expenses 46,886,682 36,618,503 84,542,733 56,590,650
Income (loss) from operations (38,462,563) (27,798,018) (67,806,945) (34,610,918)
Other income (expense)        
Other income (expense) (49,064) (73,263) (54,229) (103,454)
Interest income 20,987 53,262 43,392 106,886
Interest expense (67,185) (87,496) (123,953) (164,698)
Total other income (expense) (95,262) (107,497) (134,790) (161,266)
Income (loss) before income taxes (38,557,825) (27,905,515) (67,941,736) (34,772,183)
Provision for income taxes (1,478,838) (824,635) (3,047,841) (375,504)
Net income (loss) (40,036,663) (27,080,880) (70,989,577) (34,396,679)
Other comprehensive income (loss)        
Foreign currency translation gain (loss) 11,927,692 10,330,982 25,395,536 (7,036,503)
Comprehensive income (loss) $ (28,108,971) $ (16,749,898) $ (45,594,041) $ (41,433,182)
Basic weighted average shares outstanding (in Shares) 6,350,129 5,474,979 6,350,129 4,989,745
Basic net earnings per share (in Dollars per share) $ (6.30) $ (4.95) $ (11.18) $ (6.89)
Diluted weighted average shares outstanding (in Shares) 6,350,129 5,474,979 6,350,129 4,989,745
Diluted net earnings per share (in Dollars per share) $ (6.30) $ (4.95) $ (11.18) $ (6.89)
Jinong        
Sales        
Total net sales $ 14,901,875 $ 14,521,485 $ 29,431,187 $ 33,576,301
Cost of goods sold        
Total cost of goods sold 10,921,417 10,127,892 21,606,881 20,620,422
Gufeng        
Sales        
Total net sales 22,436,394 22,266,549 38,264,597 38,589,766
Cost of goods sold        
Total cost of goods sold 19,846,423 19,755,967 33,824,240 34,209,975
Yuxing        
Sales        
Total net sales 2,682,195 2,461,510 5,105,683 5,001,221
Cost of goods sold        
Total cost of goods sold 2,140,856 2,110,321 4,182,928 4,162,317
VIEs - others        
Sales        
Total net sales 8,320,878 10,315,465 19,698,107 23,219,292
Cost of goods sold        
Total cost of goods sold $ 7,008,527 $ 8,750,344 $ 16,149,737 $ 19,414,134