SEGMENT REPORTING

3 Months Ended

Sep. 30, 2011

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 16 – SEGMENT REPORTING

The Company was organized into four main business segments based on location and product: Jinong (fertilizer production), Gufeng (fertilizer production), Jintai (agricultural products production) and Yuxing (research and development center that is currently under construction). The following tables present a summary of our businesses’ and operating segments’ results.

	For the three months ended September 30,
	2011			2010
Revenues from unaffiliated customers:
Jinong	$	22,242,251		$	16,571,293
Gufeng		29,613,091			21,801,034
Jintai		1,198,887			1,110,594
Yuxing		48,365			-
Consolidated	$	53,102,594		$	39,482,921
Operating income :
Jinong	$	12,187,448		$	8,519,558
Gufeng		2,608,589			1,922,981
Jintai		10,459			437,446
Yuxing		(40,730)			(54,062	)
Reconciling item (1)		(705,036)			-
Reconciling item (2)		(781,167)			(556,693	)
Reconciling item (2)—stock compensation		-			(644,075
Consolidated	$	13,279,563		$	9,625,155
Net income:
Jinong	$	10,429,494		$	7,295,318
Gufeng		1,817,896			1,307,706
Jintai		10,501			437,473
Yuxing		(40,331)			(53,731	)
Reconciling item (1)		278			1,787
Reconciling item (2)		(1,486,202)			(1,200,768	)
Consolidated	$	10,731,636		$	7,787,785
Depreciation and Amortization:
Jinong	$	575,479		$	578,765
Gufeng		789,592			268,613
Jintai		283			31,374
Yuxing		98,548			55,084
Consolidated	$	1,463,901		$	933,836
Interest expense:
Jinong	$	-		$	-
Gufeng		156,479			176,675
Consolidated	$	156,479		$	176,675
Capital Expenditure:
Jinong	$	765,309		$	553,899
Gufeng		24,341			209,432
Jintai		-			-
Yuxing		130,016			13,338
Consolidated	$	919,666		$	776,669
Identifiable assets:	As of 09/30/11			As of 06/30/11
Jinong	$	148,228,969		$	111,956,641
Gufeng		62,126,720			67,260,447
Jintai		14,025,203			14,001,793
Yuxing		25,359,538			24,354,406
Reconciling item (1)		802,605			969,963
Reconciling item (2)		(269,213	)		4,827,737
Consolidated	$	250,273,822		$	223,370,987

(1) Reconciling amounts refer to the unallocated assets or expenses of Green New Jersey.

(2) Reconciling amounts refer to the unallocated assets or expenses of the parent company.