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v3.20.1

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS | 6 Months Ended
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Dec. 31, 2019 USD ($) $ / shares shares | Dec. 31, 2019 CNY (¥) ¥ / shares shares | Dec. 31, 2018 USD ($) shares | Dec. 31, 2018 CNY (¥) ¥ / shares shares
Revenues |  | $ 4,363,543 | ¥ 30,405,153 |  | ¥ 42,271,729
Cost of revenues and related tax |  | 2,645,989 | 18,437,241 |  | 27,034,637
Gross profit |  | 1,717,554 | 11,967,912 |  | 15,237,092
Selling and distribution expenses |  | 381,871 | 2,660,873 |  | 4,909,361
General and administrative expenses |  | 1,918,258 | 13,366,413 |  | 18,903,138
Provision for (net recovery of) doubtful accounts |  | 3,665 | 25,537 |  | (1,494,707)
Research and development expenses |  | 415,512 | 2,895,286 |  | 1,654,702
Operating expenses |  | 2,719,306 | 18,948,109 |  | 23,972,494
Loss from operations |  | (1,001,752) | (6,980,197) |  | (8,735,402)
Other income (expenses) |  |  |  |  |
Subsidy income |  | 122,616 | 854,389 |  | 55,706
Interest income |  | 12,306 | 85,745 |  | 32,109
Interest expense |  | (109,260) | (761,322) |  | (856,571)
Income (loss) from investment in unconsolidated entity |  | 20,277 | 141,288 |  | (844,369)
Foreign exchange transaction gain |  | 30 | 209 |  | 17,651
Other income (expense) |  | (8,720) | (60,760) |  | 387,439
Other income (expense), net |  | 37,249 | 259,549 |  | (1,208,035)
Loss before income tax |  | (964,503) | (6,720,648) |  | (9,943,437)
Income tax expenses |  | 45,465 | 316,799 |  | 2,002
Net loss |  | (1,009,968) | (7,037,447) | $ (1,427,302) | (9,945,439)
Less: Net (loss) income attributable to non-controlling interests |  | (48,256) | (336,250) |  | 138,804
Net loss attributable to Recon Technology, Ltd |  | (961,712) | (6,701,197) |  | (10,084,243)
Comprehensive loss |  |  |  |  |
Net loss |  | (1,009,968) | (7,037,447) | $ (1,427,302) | (9,945,439)
Foreign currency translation adjustment |  | 1,379 | 9,610 |  | 1,195,328
Comprehensive loss |  | (1,008,589) | (7,027,837) |  | (8,750,111)
Less: Comprehensive (loss) income attributable to non- controlling interests |  | (48,256) | (336,250) |  | 138,804
Comprehensive loss attributable to Recon Technology, Ltd |  | $ (960,333) | ¥ (6,691,587) |  | ¥ (8,888,915)
Loss per common share - basic and diluted | (per share) |  | $ (0.22) | ¥ (1.51) |  | ¥ (2.72)
Weighted - average shares -basic and diluted | [1] | 4,449,980 | 4,449,980 | 3,711,083 | 3,711,083
Related Party [Member] |  |  |  |  |
Revenues |  | $ 0 | ¥ 0 |  | ¥ 316,983
Cost of revenues and related tax |  | 0 | 0 |  | 120,142
Third Party [Member] |  |  |  |  |
Revenues |  | 4,363,543 | 30,405,153 |  | 41,954,746
Cost of revenues and related tax |  | 2,645,989 | 18,437,241 |  | ¥ 26,914,495
Provision for (net recovery of) doubtful accounts |  | $ 8,559 | ¥ 59,638 |  |
[1] | Retrospectively restated for effect of stock split on December 27, 2019

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