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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
Common Share
Additional Paid-in Capital
Statutory Surplus
Retained Earnings (Accumulated Deficits)
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Total
Balance at Jun. 30, 2020 $ 1,593 $ 28,586,048 $ 2,803,811 $ (2,680,143) $ (1,362,665) $ 1,268,716 $ 28,617,360
Balance (in Shares) at Jun. 30, 2020 15,930,330            
Net Income for the year 6,816,572 202,643 7,019,215
Appropriation of statutory reserve 1,410,264 (1,410,264)
Foreign currency translation loss 2,592,748 102,475 2,695,223
Purchase of subsidiaries’ shares from noncontrolling interests $ 6 3,274 (458,826) (455,546)
Purchase of subsidiaries’ shares from noncontrolling interests (in Shares) 62,622            
Disposal of a subsidiary (34,116) (34,116)
Stock-based compensation 5,128,696 5,128,696
Exercise of share options and vesting of restricted shares $ 157 116,073 116,230
Exercise of share options and vesting of restricted shares (in Shares) 1,568,392            
Exercise of warrants $ 6 (6)
Exercise of warrants (in Shares) 65,542            
Issuance of common shares from private placement $ 267 11,131,562 11,131,829
Issuance of common shares from private placement (in Shares) 2,666,666            
Warrants issued in connection with private placement 3,551,048 3,551,048
Noncontrolling interests through an acquisition (5,107) (5,107)
Dividends paid to noncontrolling interests (34,137) (34,137)
Balance at Jun. 30, 2021 $ 2,029 48,516,695 4,214,075 2,726,165 1,230,083 1,041,648 57,730,695
Balance (in Shares) at Jun. 30, 2021 20,293,552            
Net Income for the year 4,455,428 132,483 4,587,911
Surrender of shares $ (22) 22
Surrender of shares (in Shares) (220,823)            
Appropriation of statutory reserve 857,801 (857,801)
Foreign currency translation loss (1,780,331) (48,211) (1,828,542)
Stock-based compensation 7,184,862 7,184,862
Exercise of share options and vesting of restricted shares $ 237 3,630 3,867
Exercise of share options and vesting of restricted shares (in Shares) 2,372,093            
Noncontrolling interests through an acquisition 121,807 121,807
Balance at Jun. 30, 2022 $ 2,244 55,705,209 5,071,876 6,323,792 (550,248) 1,247,727 67,800,600
Balance (in Shares) at Jun. 30, 2022 22,444,822            
Net Income for the year 192,529 (26,964) 165,565
Cumulative effect of adoption of ASU 2016-13 (26,664) (26,664)
Dividends paid to shareholders (1,175,684) (1,175,684)
Appropriation of statutory reserve 284,952 (284,952)
Foreign currency translation loss (3,440,346) (92,161) (3,532,507)
Disposal of a subsidiary 6,283 6,283
Stock-based compensation 2,478,295 2,478,295
Exercise of share options and vesting of restricted shares $ 121 (121)
Exercise of share options and vesting of restricted shares (in Shares) 1,205,300            
Noncontrolling interests through an acquisition
Dividends paid to noncontrolling interests (207,087) (207,087)
Balance at Jun. 30, 2023 $ 2,365 $ 58,183,383 $ 5,356,828 $ 5,029,021 $ (3,990,594) $ 927,798 $ 65,508,801
Balance (in Shares) at Jun. 30, 2023 23,650,122