SEGMENT REPORTING

6 Months Ended

Dec. 31, 2011

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 16 – SEGMENT REPORTING

The Company was organized into four main business segments: fertilizer production (Jinong & Gufeng), agricultural products production (Jintai and Yuxing). The following tables present a summary of our businesses’ and operating segments’ results.

	For the three months ended
	December 31,
	2011			2010
Revenues from unaffiliated customers:
Jinong	$	18,989,156		$	14,251,229
Gufeng		25,958,438			18,875,897
Jintai		2,115,689			2,184,612
Yuxing		30,714			—
Consolidated	$	47,093,997		$	35,311,738
Operating income :
Jinong	$	9,258,832		$	6,099,792
Gufeng		3,673,793			2,710,717
Jintai		(1,255,392	)		968,805
Yuxing		(199,728	)		(85,750	)
Reconciling item (1)		—			—
Reconciling item (2)		(828,699	)		(922,546	)
Reconciling item (2)—stock compensation		(453,051	)		(898,262	)
Consolidated	$	10,195,755		$	7,872,756
Net income:
Jinong	$	7,928,204		$	5,242,398
Gufeng		2,372,435			1,923,078
Jintai		(1,255,300	)		968,787
Yuxing		(19,735	)		(84,801	)
Reconciling item (1)		25			840
Reconciling item (2)		(1,281,751	)		(1,820,810	)
Consolidated	$	7,743,878		$	6,229,492
Depreciation and Amortization:
Jinong	$	589,232		$	783,301
Gufeng		856,511			362,628
Jintai		285			42,355
Yuxing		101,389			74,363
Consolidated	$	1,547,417		$	1,262,647
Interest expense:
Jinong	$	—		$	—
Gufeng		399,868			117,852
Consolidated	$	399,868		$	117,852
Capital Expenditure:
Jinong	$	2,957,009		$	865,887
Gufeng		—			327,396
Jintai		—			—
Yuxing		55,413			20,851
Consolidated	$	3,012,422		$	1,214,134

(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.

	For the six months ended
	December 31,
	2011			2010
Revenues from unaffiliated customers:
Jinong	$	41,231,407		$	30,822,522
Gufeng		55,571,529			40,676,931
Jintai		3,314,576			3,295,206
Yuxing		79,079			—
Consolidated	$	100,196,591		$	74,794,659
Operating income :
Jinong	$	21,446,280		$	14,619,350
Gufeng		6,282,382			4,633,698
Jintai		(1,244,933	)		1,406,251
Yuxing		(240,458	)		(139,812	)
Reconciling item (1)		—			—
Reconciling item (2)		1,757,710			(1,479,239	)
Reconciling item (2)—stock compensation		1,010,243			(1,542,337	)
Consolidated	$	23,475,318		$	17,497,911
Net income:
Jinong	$	18,357,698		$	12,537,716
Gufeng		4,190,331			3,230,784
Jintai		(1,244,799	)		1,406,260
Yuxing		(60,066	)		(138,532	)
Reconciling item (1)		303			2,627
Reconciling item (2)		(2,767,953	)		(3,021,578	)
Consolidated	$	18,475,514		$	14,017,277
Depreciation and Amortization:
Jinong	$	1,164,711		$	1,362,336
Gufeng		1,646,103			631,241
Jintai		568			73,729
Yuxing		199,936			129,447
Consolidated	$	3,011,318		$	2,196,753
Interest expense:
Jinong	$	—		$	—
Gufeng		556,347			294,527
Consolidated	$	556,347		$	294,527
Capital Expenditure:
Jinong	$	3,709,002		$	1,419,786
Gufeng		—			536,828
Jintai		—			—
Yuxing		131,455			34,189
Consolidated	$	3,840,457		$	1,990,803

	December 31, 2011			June 30, 2011
Identifiable assets:
Jinong	$	158,564,062		$	111,956,641
Gufeng		76,826,768			67,260,447
Jintai		10,392,044			14,001,793
Yuxing		28,478,334			24,354,406
Reconciling item (1)		26,339			969,963
Reconciling item (2)		(3,906	)		4,827,737
Consolidated	$	274,283,640		$	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.