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SEGMENT REPORTING (Tables)
12 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
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 (agricultural products production). Each of the four operating segments referenced above has separate and distinct general ledgers. The chief operating decision maker (“CODM”) receives financial information, including revenue, gross margin, operating income and net income produced from the various general ledger systems to make decisions about allocating resources and assessing performance; however, the principal measure of segment profitability or loss used by the CODM is net income by segment. Jintai is in the process of combining with Yuxing.
 
 
 
Years ended June 30,
 
 
 
2013
 
2012
 
2011
 
Revenues from unaffiliated customers:
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
110,585,022
 
$
88,168,740
 
$
65,629,265
 
Gufeng
 
 
102,915,414
 
 
121,480,943
 
 
107,081,018
 
Jintai
 
 
-
 
 
5,792,002
 
 
6,826,933
 
Yuxing
 
 
3,397,520
 
 
2,082,520
 
 
180,750
 
Consolidated
 
$
216,897,956
 
$
217,524,205
 
$
179,717,966
 
 
 
 
 
 
 
 
 
 
 
 
Operating income :
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
44,036,878
 
$
43,636,915
 
$
34,051,094
 
Gufeng
 
 
15,322,045
 
 
18,211,687
 
 
15,288,871
 
Jintai
 
 
-
 
 
(1,863,529)
 
 
(96,343)
 
Yuxing
 
 
(32,265)
 
 
(352,996)
 
 
(296,832)
 
Reconciling item (1)
 
 
-
 
 
-
 
 
-
 
Reconciling item (2)
 
 
(840,511)
 
 
(2,482,232)
 
 
(3,230,124)
 
Reconciling item (2)—stock compensation
 
 
(3,100,685)
 
 
(3,224,835)
 
 
(3,605,235)
 
Consolidated
 
$
55,385,462
 
$
53,925,010
 
$
42,111,431
 
 
 
 
 
 
 
 
 
 
 
 
Net income:
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
37,682,986
 
$
37,363,672
 
$
29,139,457
 
Gufeng
 
 
10,498,393
 
 
12,335,102
 
 
10,995,984
 
Jintai
 
 
-
 
 
(1,863,235)
 
 
(96,244)
 
Yuxing
 
 
533,722
 
 
(170,996)
 
 
(293,914)
 
Reconciling item (1)
 
 
142
 
 
347
 
 
4,178
 
Reconciling item (2)
 
 
(3,941,195)
 
 
(5,707,065)
 
 
(6,835,360)
 
Consolidated
 
$
44,774,048
 
$
41,957,825
 
$
32,914,101
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and Amortization:
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
10,065,656
 
$
2,347,530
 
$
2,686,524
 
Gufeng
 
 
3,298,983
 
 
2,878,037
 
 
2,711,483
 
Jintai
 
 
0
 
 
128,563
 
 
124,139
 
Yuxing
 
 
1,399,407
 
 
638,736
 
 
226,112
 
Consolidated
 
$
14,764,046
 
$
5,992,866
 
$
5,748,258
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense:
 
 
 
 
 
 
 
 
 
 
Gufeng
 
 
1,351,157
 
 
1,590,620
 
 
466,912
 
Consolidated
 
$
1,351,157
 
$
1,590,620
 
$
466,912
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditure:
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
31,337,204
 
$
7,935,098
 
$
6,492,775
 
Gufeng
 
 
7,422
 
 
-
 
 
8,229,092
 
Jintai
 
 
-
 
 
-
 
 
3,291
 
Yuxing
 
 
1,037,272
 
 
3,948,849
 
 
11,521,005
 
Consolidated
 
$
32,381,898
 
$
11,883,947
 
$
26,246,163
 
 
 
 
As of December 31,
 
 
 
2013
 
2012
 
Identifiable assets:
 
 
 
 
 
 
 
Jinong
 
$
197,232,555
 
$
221,575,406
 
Gufeng
 
 
108,409,694
 
 
57,657,305
 
Jintai
 
 
-
 
 
6,670,058
 
Yuxing
 
 
43,021,886
 
 
1,851,745
 
Reconciling item (1)
 
 
68,113
 
 
280,445
 
Reconciling item (2)
 
 
(3,906)
 
 
(3,906)
 
Consolidated
 
$
348,728,342
 
$
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.
Export [Member]
 
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Total revenues from exported products currently account for approximately 14.7%, 15.0% and 22% of our total fertilizer revenues in fiscal 2013, 2012 and 2011, respectively.
 
FY 2013 Export Details
 
Exported to
 
Subsidiary
 
Type
 
Amount
 
India
 
Gufeng
 
40% humic acid organic/inorganic fertilizer
 
$
-
 
India
 
Jinong
 
Liquid fertilizer
 
 
174,150
 
India
 
Jinong
 
Solid fertilizer
 
 
158,791
 
 
 
 
 
 
 
$
332,941
 
 
 
 
 
 
 
 
 
 
FY 2012 Export Details
 
Exported to
 
Subsidiary
 
Type
 
Amount
 
India
 
Gufeng
 
40% humic acid organic/inorganic fertilizer
 
$
31,330,724
 
India
 
Jinong
 
Liquid fertilizer
 
 
77,576
 
India
 
Jinong
 
Solid fertilizer
 
 
60,538
 
Ghana
 
Jinong
 
Liquid fertilizer
 
 
75,984
 
 
 
 
 
 
 
$
31,544,822
 
 
 
 
 
 
 
 
 
 
FY 2011 Export Details
 
Exported to
 
Subsidiary
 
Type
 
Amount
 
India
 
Gufeng
 
Blended compound fertilizer
 
$
40,835,834
 
India
 
Jinong
 
Liquid fertilizer
 
 
42,581
 
India
 
Jinong
 
Solid fertilizer
 
 
38,479
 
Ecuador
 
Jinong
 
Liquid fertilizer
 
 
3,740
 
Surimam
 
Jinong
 
Liquid fertilizer
 
 
1,159
 
 
 
 
 
 
 
$
40,921,793