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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (loss) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Sales        
Total net sales $ 86,068,404 $ 85,826,689 $ 178,567,978 $ 186,213,269
Cost of goods sold        
Total cost of goods sold 71,621,754 73,209,255 147,385,540 151,616,103
Gross profit 14,446,650 12,617,434 31,182,438 34,597,166
Operating expenses        
Selling expenses 3,203,422 2,273,818 11,264,533 9,761,145
General and administrative expenses 25,784,656 58,807,987 102,266,279 107,911,310
Total operating expenses 28,988,078 61,081,805 113,530,812 117,672,455
Income (loss) from operations (14,541,428) (48,464,371) (82,348,374) (83,075,289)
Other income (expense)        
Other income (expense) 281 (18,558) (53,948) (122,012)
Interest income 19,229 53,943 62,621 160,829
Interest expense (57,316) (76,306) (181,269) (241,004)
Total other income (expense) (37,806) (40,921) (172,596) (202,187)
Income (loss) before income taxes (14,579,234) (48,505,292) (82,520,970) (83,277,476)
Provision for income taxes 235,554 1,717,017 3,283,395 1,341,513
Net income (loss) (14,814,788) (50,222,309) (85,804,365) (84,618,989)
Other comprehensive income (loss)        
Foreign currency translation gain (loss) (59,215) (6,753,216) 25,336,321 (13,789,719)
Comprehensive income (loss) $ (14,874,003) $ (56,975,525) $ (60,468,044) $ (98,408,708)
Basic weighted average shares outstanding (in Shares) 6,350,129 6,143,159 6,350,129 5,371,420
Basic net earnings per share (in Dollars per share) $ (2.33) $ (8.18) $ (13.51) $ (15.75)
Diluted weighted average shares outstanding (in Shares) 6,350,129 6,143,159 6,350,129 5,371,420
Diluted net earnings per share (in Dollars per share) $ (2.33) $ (8.18) $ (13.51) $ (15.75)
Jinong        
Sales        
Total net sales $ 15,818,610 $ 11,266,437 $ 45,249,797 $ 44,842,738
Cost of goods sold        
Total cost of goods sold 11,543,109 8,193,579 33,149,990 28,814,001
Gufeng        
Sales        
Total net sales 48,438,434 57,094,310 86,703,031 95,684,076
Cost of goods sold        
Total cost of goods sold 41,979,484 50,097,056 75,803,724 84,307,031
Yuxing        
Sales        
Total net sales 3,055,588 2,014,987 8,161,271 7,016,208
Cost of goods sold        
Total cost of goods sold 2,441,868 1,847,112 6,624,796 6,009,429
VIEs - others        
Sales        
Total net sales 18,755,772 15,450,955 38,453,879 38,670,247
Cost of goods sold        
Total cost of goods sold $ 15,657,293 $ 13,071,508 $ 31,807,030 $ 32,485,642