SEGMENT REPORTING (Tables)

3 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following tables present a summary of our businesses and operating segments results. 

	Three months ended September 30,
	2012			2011
Revenues from unaffiliated customers:
Jinong	$	27,850,976		$	22,242,251
Gufeng		10,936,971			29,613,091
Jintai		-			1,198,887
Yuxing		724,793			48,365
Consolidated	$	39,512,740		$	53,102,594
Operating income :
Jinong	$	11,611,611		$	12,187,448
Gufeng		688,639			2,608,589
Jintai		-			10,459
Yuxing		62,129			(40,730	)
Reconciling item (1)		-			(705,036	)
Reconciling item (2)		(602,138	)		(781,167	)
Reconciling item (2)—stock compensation		(736,897	)		-
Consolidated	$	11,023,344		$	13,279,563
Net income:
Jinong	$	9,937,587		$	10,429,494
Gufeng		207,670			1,817,896
Jintai		10			10,501
Yuxing		55,092			(40,331	)
Reconciling item (1)		75			278
Reconciling item (2)		(1,339,034	)		(1,486,202	)
Consolidated	$	8,861,400		$	10,731,636
Depreciation and Amortization:
Jinong	$	2,035,853		$	575,478
Gufeng		845,363			789,592
Jintai		-			283
Yuxing		313,465			98,548
Consolidated	$	3,194,681		$	1,463,901
Interest expense:
Jinong	$	-		$	-
Gufeng		385,792			156,479
Consolidated	$	385,792		$	156,479
Capital Expenditure:
Jinong	$	4,343,939		$	765,309
Gufeng		46,153			24,341
Jintai		-			-
Yuxing		202,718			130,016
Consolidated	$	4,592,810		$	919,666
		As of			As of
		September 30, 2012			June 30, 2012
Identifiable assets:
Jinong	$	164,958,221		$	221,575,406
Gufeng		93,171,801			57,657,305
Jintai		4,599,779			6,670,058
Yuxing		37,448,008			1,851,745
Reconciling item (1)		227,885			280,445
Reconciling item (2)		(3,906	)		(3,906	)
Consolidated	$	300,401,788		$	288,031,053

(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.