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Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]        
Net sales $ 1,821,589 $ 66,247,578 $ 5,165,649 $ 128,817,028
Cost of goods sold 1,457,609 54,955,123 4,308,705 105,853,342
Gross profit 363,980 11,292,455 856,944 22,963,686
Operating expenses:        
Selling, general and administrative 1,024,794 1,409,026 2,102,609 2,930,485
Research and development 1,107,139 1,151,732 2,129,041 2,130,124
Total operating expenses 2,131,933 2,560,758 4,231,650 5,060,609
(Loss) income from operations (1,767,953) 8,731,697 (3,374,706) 17,903,077
Other income (loss), net:        
Interest income 1,887 1,760 3,810 4,654
Income from governmental subsidy 9,234 44,347 93,980 66,433
Gain from the forgiveness of payroll protection plan loan 0 487,300 0 487,300
Other income (loss), net 123,712 (150,874) 169,567 (169,052)
Total other income (loss), net 134,833 382,533 267,357 389,335
(Loss) income before (benefit) provision for income taxes (1,633,120) 9,114,230 (3,107,349) 18,292,412
Income tax (benefit) provision (476,752) 2,138,406 (888,008) 4,139,140
Net (loss) income (1,156,368) 6,975,824 (2,219,341) 14,153,272
Less: non-controlling interests in net income of subsidiary at 33.7% 29,229 119,213 69,861 376,301
Net (loss) income attributable to Parent Company $ (1,185,597) $ 6,856,611 $ (2,289,202) $ 13,776,971
Basic (loss) income per share attributable to Parent Company stockholders $ (0.10) $ 0.59 $ (0.20) $ 1.24
Diluted (loss) income per share attributable to Parent Company stockholders $ (0.10) $ 0.58 $ (0.20) $ 1.22
Weighted average common shares outstanding – basic 11,594,280 11,566,309 11,593,650 11,118,511
Weighted average common shares outstanding – diluted 11,594,280 11,727,282 11,593,650 11,279,483
Comprehensive (loss) income        
Net (loss) income $ (1,156,368) $ 6,975,824 $ (2,219,341) $ 14,153,272
Translation adjustments (73,081) 218,096 (200,686) 284,520
Comprehensive (loss) income (1,229,449) 7,193,920 (2,420,027) 14,437,792
Less: comprehensive income attributable to non-controlling interest 29,229 119,213 69,861 376,301
Comprehensive (loss) income attributable to controlling interest $ (1,258,678) $ 7,074,707 $ (2,489,888) $ 14,061,491