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Consolidated Statements of Operations and Comprehensive (Loss) - USD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Sales    
Net sales $ 168,450,904 $ 181,282,753
Cost of goods sold    
Cost of goods sold 139,244,622 149,418,674
Gross profit 29,206,282 31,864,079
Operating expenses    
Selling expenses 11,195,153 12,968,729
General and administrative expenses 101,809,233 141,187,368
Total operating expenses 113,004,386 154,156,097
Loss from operations (83,798,104) (122,292,018)
Other income (expense)    
Other income (expense) 2,046,137 438,121
Interest income 194,228 105,944
Interest expense (256,785) (266,304)
Total other income (expense) 1,983,580 277,761
Loss from continuing operations before income taxes (81,814,524) (122,014,257)
Provision for income taxes (1,291,828) 2,979,552
Loss from continuing operations (80,522,696) (124,993,809)
Net income (loss) from discontinued operations, net of taxes (17,841,636) 5,246,192
Net loss (98,364,332) (119,747,617)
Other comprehensive income (loss)    
Foreign currency translation gain (loss) (8,832,901) 29,682,548
Comprehensive loss $ (107,197,233) $ (90,065,069)
Basic weighted average shares outstanding (in Shares) 9,348,100 6,847,732
Basic net (loss) per share – from continuing operations (in Dollars per share) $ (8.61) $ (18.25)
Basic net (loss) earnings per share – from discontinued operations (in Dollars per share) (1.91) 0.77
Basic net (loss) per share (in Dollars per share) $ (10.52) $ (17.49)
Diluted weighted average shares outstanding (in Shares) 9,348,100 6,847,732
Diluted net (loss) per share– from continuing operations (in Dollars per share) $ (8.61) $ (18.25)
Diluted net (loss) earnings per share – from discontinued operations (in Dollars per share) (1.91) 0.77
Diluted net (loss) per share (in Dollars per share) $ (10.52) $ (17.49)
Jinong    
Sales    
Net sales $ 54,339,228 $ 59,409,169
Cost of goods sold    
Cost of goods sold 39,651,439 43,566,629
Gufeng    
Sales    
Net sales 102,755,286 110,834,918
Cost of goods sold    
Cost of goods sold 90,065,842 96,860,527
Yuxing    
Sales    
Net sales 11,356,390 11,038,666
Cost of goods sold    
Cost of goods sold $ 9,527,341 $ 8,991,518