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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Sales        
Net sales $ 14,348,138 $ 17,800,114 $ 31,713,076 $ 40,197,976
Cost of goods sold        
Cost of goods sold 10,881,359 14,471,627 24,259,728 32,219,635
Gross profit 3,466,779 3,328,487 7,453,348 7,978,341
Operating expenses        
Selling expenses 1,817,206 1,770,860 3,741,634 3,650,014
General and administrative expenses 6,442,440 6,947,810 10,269,344 11,504,417
Change in fair value of Bitcoin (262)
Total operating expenses 8,259,384 8,718,670 14,010,978 15,154,431
Loss from operations (4,792,605) [1] (5,390,183) [1] (6,557,630) (7,176,090)
Other (expense) income        
Other (expense) income (268,594) 30,926 (319,216) 40,709
Interest income 39,346 51,125 78,872 106,197
Interest expense (121,189) (73,813) (226,172) (141,367)
Total other (expense) income (350,437) 8,238 (466,516) 5,539
Loss before income taxes (5,143,043) (5,381,945) (7,024,146) (7,170,551)
Provision for income taxes (10,393) (11,942) (49,272) (16,355)
Net loss (5,132,650) (5,370,003) (6,974,874) (7,154,196)
Other comprehensive loss        
Foreign currency translation (loss) gain (5,314,813) 4,705,400 (573,572) 3,869,023
Comprehensive loss $ (10,447,463) $ (664,603) $ (7,548,446) $ (3,285,173)
Basic weighted average shares outstanding (in Shares) 14,793,538 13,380,914 14,793,538 13,380,914
Basic net loss per share (in Dollars per share) $ (0.35) $ (0.4) $ (0.47) $ (0.53)
Diluted weighted average shares outstanding (in Shares) 14,793,538 13,380,914 14,793,538 13,380,914
Diluted net loss per share (in Dollars per share) $ (0.35) $ (0.4) $ (0.47) $ (0.53)
Jinong        
Sales        
Net sales $ 6,163,723 $ 6,811,640 $ 13,585,381 $ 16,100,398
Cost of goods sold        
Cost of goods sold 3,855,063 4,982,284 8,583,950 11,588,897
Gufeng        
Sales        
Net sales 5,753,312 8,209,157 13,192,854 18,630,431
Cost of goods sold        
Cost of goods sold 5,044,683 7,198,290 11,551,816 16,193,611
Yuxing        
Sales        
Net sales 2,412,651 2,452,187 4,753,095 4,794,903
Cost of goods sold        
Cost of goods sold 1,967,551 2,042,241 3,908,189 3,919,768
Antaeus        
Sales        
Net sales 18,452 327,130 181,746 672,244
Cost of goods sold        
Cost of goods sold $ 14,062 $ 248,812 $ 215,773 $ 517,359
[1] Reconciling amounts refer to the unallocated assets or expenses of the Parent Company.