SEGMENT REPORTING (Tables)

6 Months Ended

Dec. 31, 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 December 31,
Revenues from unaffiliated customers:	2012			2011
Jinong	$	22,954,851		$	18,989,156
Gufeng		17,984,853			25,958,438
Jintai		-			2,115,689
Yuxing		791,288			30,714
Consolidated	$	41,730,992		$	47,093,997
Operating income :
Jinong	$	8,400,320		$	9,258,832
Gufeng		2,489,858			3,673,793
Jintai		-			(1,255,392	)
Yuxing		26,526			(199,728	)
Reconciling item (1)		-			-
Reconciling item (2)		119,905			(828,699	)
Reconciling item (2)--stock compensation		(1,137,631	)		(453,051	)
Consolidated	$	9,898,978		$	10,195,755
Net income:
Jinong	$	7,200,039		$	7,928,204
Gufeng		1,462,374			2,372,435
Jintai		47			(1,255,300	)
Yuxing		596,544			(19,735	)
Reconciling item (1)		51			25
Reconciling item (2)		(1,017,727	)		(1,281,751	)
Consolidated	$	8,241,328		$	7,743,878
Depreciation and Amortization:
Jinong	$	2,423,732		$	589,232
Gufeng		79,718			856,511
Jintai		-			285
Yuxing		316,098			101,389
Consolidated	$	2,819,548		$	1,547,417
Interest expense:
Jinong	$	-		$	-
Gufeng		366,447			399,868
Consolidated	$	366,447		$	399,868
Capital Expenditure:
Jinong	$	4,982,678		$	2,957,009
Gufeng		(954,106	)		-
Jintai		-			-
Yuxing		34,173			55,413
Consolidated	$	4,062,745		$	3,012,422

(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.

	Six months ended December 31,
Revenues from unaffiliated customers:	2012			2011
Jinong	$	50,805,827		$	41,231,407
Gufeng		28,921,824			55,571,529
Jintai		-			3,314,576
Yuxing		1,516,081			79,079
Consolidated	$	81,243,732		$	100,196,591
Operating income :
Jinong	$	20,011,931		$	21,446,280
Gufeng		3,178,497			6,282,382
Jintai		-			(1,244,933	)
Yuxing		88,655			(240,458	)
Reconciling item (1)		-			-
Reconciling item (2)		(482,233	)		(1,757,710	)
Reconciling item (2)--stock compensation		(1,874,528	)		(1,010,243	)
Consolidated	$	20,922,322		$	23,475,318
Net income:
Jinong	$	17,137,626		$	18,357,698
Gufeng		1,670,044			4,190,331
Jintai		57			(1,244,799	)
Yuxing		651,636			(60,066	)
Reconciling item (1)		126			303
Reconciling item (2)		(2,356,761	)		(2,767,953	)
Consolidated	$	17,102,728		$	18,475,514
Depreciation and Amortization:
Jinong	$	4,459,585		$	1,164,711
Gufeng		925,081			1,646,103
Jintai		-			568
Yuxing		629,563			199,936
Consolidated	$	6,014,229		$	3,011,318
Interest expense:
Jinong	$	-		$	-
Gufeng		752,239			556,347
Consolidated	$	752,239		$	556,347
Capital Expenditure:
Jinong	$	9,326,617		$	3,709,002
Gufeng		(907,953	)		-
Jintai		-			-
Yuxing		236,891			131,455
Consolidated	$	8,655,555		$	3,840,457

	As of			As of
	December 31, 2012			June 30, 2012
Identifiable assets:
Jinong	$	197,979,437		$	221,575,406
Gufeng		74,708,823			57,657,305
Jintai		4,389,105			6,670,058
Yuxing		37,395,648			1,851,745
Reconciling item (1)		145,564			280,445
Reconciling item (2)		(3,906	)		(3,906	)
Consolidated	$	314,614,671		$	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.