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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Sales        
Net sales $ 24,539,207 $ 39,359,136 $ 52,136,532 $ 72,198,024
Cost of goods sold        
Cost of goods sold 20,024,790 32,509,725 42,437,306 58,848,765
Gross profit 4,514,417 6,849,411 9,699,226 13,349,259
Operating expenses        
Selling expenses 1,658,654 2,966,861 4,096,008 6,396,304
General and administrative expenses 6,535,402 27,006,599 9,820,517 43,322,448
Total operating expenses 8,194,056 29,973,460 13,916,525 49,718,752
(Loss) from operations (3,679,639) (23,124,049) (4,217,299) (36,369,493)
Other income (expense)        
Other (expense) 82,071 462,288 109,861 459,515
Interest income 68,761 30,631 132,761 75,879
Interest expense (67,739) (66,418) (149,983) (138,429)
Total other (expense) 83,093 426,501 92,639 396,965
(Loss) from continuing operations before income taxes (3,596,545) (22,697,547) (4,124,660) (35,972,529)
Provision for income taxes 516,731 587,195
(Loss) from continuing operations (3,596,545) (23,214,278) (4,124,660) (36,559,724)
Net (loss) from discontinued operations, net of taxes (8,768,658)   (10,500,420)
Net (loss) (3,596,545) (31,982,936) (4,124,660) (47,060,144)
Other comprehensive income (loss)        
Foreign currency translation gain (loss) 6,086,889 3,262,613 (4,833,269) 3,719,187
comprehensive income (loss) $ 2,490,344 $ (28,720,323) $ (8,957,929) $ (43,340,957)
Basic weighted average shares outstanding (in Shares) 13,306,467 8,487,629 13,118,610 8,487,629
Basic net earnings per share – from continuing operations (in Dollars per share) $ (0.27) $ (2.74) $ (0.31) $ (4.31)
Basic net earnings per share – from discontinued operations (in Dollars per share) (1.03) (1.24)
Basic net earnings per share (in Dollars per share) $ (0.27) $ (3.77) $ (0.31) $ (5.54)
Diluted weighted average shares outstanding (in Shares) 13,306,467 8,487,629 13,118,610 8,487,629
Diluted net earnings per share – from continuing operations (in Dollars per share) $ (0.27) $ (2.74) $ (0.31) $ (4.31)
Diluted net earnings per share – from discontinued operations (in Dollars per share) (1.03) (1.24)
Diluted net earnings per share (in Dollars per share) $ (0.27) $ (3.77) $ (0.31) $ (5.54)
Jinong        
Sales        
Net sales $ 9,842,749 $ 14,966,519 $ 21,990,751 $ 30,128,261
Cost of goods sold        
Cost of goods sold 7,152,122 10,990,616 15,912,292 22,082,927
Gufeng        
Sales        
Net sales 11,849,719 21,573,414 24,428,541 36,361,666
Cost of goods sold        
Cost of goods sold 10,477,612 19,144,888 21,732,489 32,002,150
Yuxing        
Sales        
Net sales 2,846,739 2,819,203 5,717,240 5,708,097
Cost of goods sold        
Cost of goods sold $ 2,395,056 $ 2,374,221 $ 4,792,525 $ 4,763,688