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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Sales    
Net sales $ 231,408,657 $ 229,428,112
Cost of goods sold    
Cost of goods sold 191,833,143 187,373,546
Gross profit 39,575,514 42,054,566
Operating expenses    
Selling expenses 14,467,065 13,556,131
General and administrative expenses 138,855,912 166,420,515
Total operating expenses 153,322,977 179,976,646
Loss from operations (113,747,463) (137,922,080)
Other income (expense)    
Other income (expense) 442,545 (107,316)
Interest income 107,400 176,464
Interest expense (266,506) (303,966)
Total other income (expense) 283,439 (234,818)
Loss from continuing operations before income taxes (113,464,024) (138,156,897)
Provision for income taxes 5,107,095 2,103,987
Loss from continuing operations (118,571,119) (140,260,884)
Net income (loss) from discontinued operations, net of taxes (1,176,498) 3,508,748
Net loss (119,747,617) (136,752,136)
Other comprehensive income (loss)    
Foreign currency translation gain (loss) 29,682,548 (14,442,878)
Comprehensive loss $ (90,065,069) $ (151,195,014)
Basic weighted average shares outstanding (in Shares) 6,847,732 5,619,788
Basic net (loss) per share – from continuing operations (in Dollars per share) $ (17.32) $ (24.96)
Basic net (loss) earnings per share – from discontinued operations (in Dollars per share) (0.17) 0.62
Basic net (loss) per share (in Dollars per share) $ (17.49) $ (24.33)
Diluted weighted average shares outstanding (in Shares) 6,847,732 5,619,788
Diluted net (loss) per share– from continuing operations (in Dollars per share) $ (17.32) $ (24.96)
Diluted net (loss) earnings per share – from discontinued operations (in Dollars per share) (0.17) 0.62
Diluted net (loss) per share (in Dollars per share) $ (17.49) $ (24.33)
Jinong    
Sales    
Net sales $ 59,409,169 $ 57,001,659
Cost of goods sold    
Cost of goods sold 43,566,629 37,730,361
Gufeng    
Sales    
Net sales 110,834,918 119,623,964
Cost of goods sold    
Cost of goods sold 96,860,527 105,203,118
Yuxing    
Sales    
Net sales 11,038,666 9,227,113
Cost of goods sold    
Cost of goods sold 8,991,518 7,935,849
VIEs - others    
Sales    
Net sales 50,125,904 43,575,376
Cost of goods sold    
Cost of goods sold $ 42,414,469 $ 36,504,218