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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sales    
Net sales $ 27,597,325 $ 32,838,888
Cost of goods sold    
Cost of goods sold 22,412,516 26,339,040
Gross profit 5,184,809 6,499,848
Operating expenses    
Selling expenses 2,437,354 3,429,443
General and administrative expenses 3,285,115 16,315,850
Total operating expenses 5,722,469 19,745,293
(Loss) from operations (537,660) (13,245,445)
Other income (expense)    
Other (expense) 27,790 (2,773)
Interest income 64,000 45,247
Interest expense (82,244) (72,011)
Total other income (expense) 9,546 (29,537)
(Loss) from continuing operations before income taxes (528,114) (13,274,982)
Provision for income taxes 70,464
(Loss) from continuing operations (528,114) (13,345,446)
Net (loss) from discontinued operations, net of taxes (1,731,762)
Net (loss) (528,114) (15,077,208)
Other comprehensive income (loss)    
Foreign currency translation gain (loss) (10,920,158) 456,574
Comprehensive (loss) $ (11,448,272) $ (14,620,634)
Basic weighted average shares outstanding (in Shares) 12,930,752 8,487,629
Basic net (loss) per share – from continuing operations (in Dollars per share) $ (0.04) $ (1.57)
Basic net (loss) earnings per share – from discontinued operations (in Dollars per share) (0.2)
Basic net (loss) per share (in Dollars per share) $ (0.04) $ (1.78)
Diluted weighted average shares outstanding (in Shares) 12,930,752 8,487,629
Diluted net (loss) per share– from continuing operations (in Dollars per share) $ (0.04) $ (1.57)
Diluted net (loss) earnings per share – from discontinued operations (in Dollars per share) (0.2)
Diluted net (loss) per share (in Dollars per share) $ (0.04) $ (1.78)
Jinong    
Sales    
Net sales $ 12,148,002 $ 15,161,742
Cost of goods sold    
Cost of goods sold 8,760,170 11,092,311
Gufeng    
Sales    
Net sales 12,578,822 14,788,252
Cost of goods sold    
Cost of goods sold 11,254,877 12,857,262
Yuxing    
Sales    
Net sales 2,870,501 2,888,894
Cost of goods sold    
Cost of goods sold $ 2,397,469 $ 2,389,467