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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Net sales $ 2,619,330 $ 9,440,087 $ 8,755,265 $ 41,585,722
Cost of goods sold 2,276,243 6,785,344 7,389,598 28,323,495
Gross profit 343,087 2,654,743 1,365,667 13,262,227
Operating expenses:        
Selling, general, and administrative 1,459,051 1,939,191 4,427,096 7,005,380
Total operating expenses 1,459,051 1,939,191 4,427,096 7,005,380
Income (loss) from operations (1,115,964) 715,552 (3,061,429) 6,256,847
Other income (loss), net:        
Interest income 7,214 11,728 25,214 36,030
Gain from sale of property and equipment       212,303
Loss on disposal of property and equipment     (291) (140,283)
Other income (loss), net (12,380) 1,685,451 (1,901) 1,668,903
Total other income (loss), net (5,166) 1,697,179 23,022 1,776,953
Net income (loss) before provision (benefit) for income taxes (1,121,130) 2,412,731 (3,038,407) 8,033,800
Income tax provision (benefit) (253,000) 1,000,159 (761,658) 3,255,392
Net income (loss) before non-controlling interests (868,130) 1,412,572 (2,276,749) 4,778,408
Net income (loss) (634,560) 1,522,554 (1,575,334) 4,680,650
Basic earnings (loss) per share (in Dollars per share) $ (0.05) $ 0.13 $ (0.13) $ 0.41
Diluted earnings (loss) per share (in Dollars per share) $ (0.05) $ 0.13 $ (0.13) $ 0.40
Weighted average common shares outstanding – basic (in Shares) 11,882,971 11,890,729 11,850,790 11,453,902
Weighted average common shares outstanding – diluted (in Shares) 11,882,971 12,071,381 11,850,790 11,634,554
Interest at 48.2%
       
Other income (loss), net:        
Non-controlling interests in net income/loss of Subsidiary 233,570   701,415  
Interest at 48.5%
       
Other income (loss), net:        
Non-controlling interests in net income/loss of Subsidiary   109,982   109,982
Interest at 49.4%
       
Other income (loss), net:        
Non-controlling interests in net income/loss of Subsidiary       $ (207,740)