XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]        
Net sales $ 9,748,910 $ 14,146,310 $ 36,806,346 $ 46,258,257
Cost of goods sold 7,798,910 11,674,481 29,697,400 38,660,515
Gross profit 1,950,000 2,471,829 7,108,946 7,597,742
Operating expenses:        
Selling, general, and administrative 1,142,211 1,332,285 3,609,423 3,743,967
Research and development 892,430 693,540 2,589,889 2,209,718
Total operating expenses 2,034,641 2,025,825 6,199,312 5,953,685
Income (loss) from operations (84,641) 446,004 909,634 1,644,057
Other income, net:        
Interest income 2,202 2,407 6,752 8,115
Other income, net 40,731 120,218 173,716 99,990
Total other income, net 42,933 122,625 180,468 108,105
Income (loss) before provision for income taxes (41,708) 568,629 1,090,102 1,752,162
Income tax provision (benefit) (54,730) 254,806 340,450 404,795
Net income 13,022 313,823 749,652 1,347,367
Non-controlling interests in net loss (income) of subsidiary at 48.2% 60,456 77,547 111,705 (320,831)
Net income attributable to Parent Company $ 73,478 $ 391,370 $ 861,357 $ 1,026,536
Basic earnings per share attributable to Parent Company stockholders $ .01 $ .04 $ .08 $ .10
Diluted earnings per share attributable to Parent Company stockholders $ .01 $ .04 $ .08 $ .10
Weighted average common shares outstanding - basic 10,519,394 10,414,536 10,495,573 10,486,606
Weighted average common shares outstanding - diluted 10,785,279 10,630,453 10,761,458 10,702,523
Comprehensive income        
Net income $ 13,022 $ 313,823 $ 749,652 $ 1,347,367
Translation adjustments 71,071 (21,057) 42,459 (51,605)
Comprehensive income 84,093 292,766 792,111 1,295,762
Comprehensive (income) attributable to non-controlling interest 60,456 77,547 111,705 (320,831)
Comprehensive income attributable to controlling interest $ 144,549 $ 370,313 $ 903,816 $ 974,931