XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]    
Net sales $ 13,322,912 $ 9,655,546
Cost of goods sold (11,251,410) (8,142,386)
Gross profit 2,071,502 1,513,160
Operating expenses:    
Selling, general and administrative 1,419,973 1,230,722
Research and development 1,024,312 866,955
Total operating expenses 2,444,285 2,097,677
Loss from operations (372,783) (584,517)
Other income, net:    
Interest income 181,804 254,015
Income from governmental subsidy 0 11,100
Gain from the forgiveness of accrued liabilities 247,592 0
Gain (loss) from foreign currency transactions 451,947 (198,974)
Other income, net 187,976 131,115
Total other income, net 1,069,319 197,256
Income (loss) before provision for income taxes 696,536 (387,261)
Income tax provision (benefits) 47,880 (50,060)
Net Income (loss) 648,656 (337,201)
Less: noncontrolling interests in net income (loss) of subsidiary at 33.7% 133,469 (79,505)
Net Income (loss) attributable to Parent Company $ 515,187 $ (257,696)
Earnings (loss) per share attributable to Parent Company stockholders - basic $ 0.04 $ (0.02)
Earnings (loss) per share attributable to Parent Company stockholders - diluted $ 0.04 $ (0.02)
Weighted average common shares outstanding - basic 11,784,280 11,784,280
Weighted average common shares outstanding - diluted 11,807,962 11,784,280
Comprehensive income (loss)    
Net income (loss) $ 648,656 $ (337,201)
Translation adjustments 128,124 (73,469)
Comprehensive income (loss) 776,780 (410,670)
Less: comprehensive income (loss) attributable to non-controlling interest 133,469 (79,505)
Less: foreign exchange translation attributable to non-controlling interest 43,124 0
Comprehensive income (loss) attributable to controlling interest $ 600,187 $ (331,165)