SEGMENT REPORTING

3 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 15 – SEGMENT REPORTING

As of September 30, 2013, the Company was organized into three main business segments based on location and product: Jinong (fertilizer production), Gufeng (fertilizer production), and Yuxing (agricultural products production). Each of the three 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’s business is in the migrating process into Yuxing’s.

	Three months ended September 30,
	2013		2012
Revenues from unaffiliated customers:
Jinong	$	31,762,002	$	27,850,976
Gufeng		17,756,082		10,936,971
Yuxing		785,263		724,793
Consolidated	$	50,303,347	$	39,512,740
Operating income :
Jinong	$	11,861,728	$	11,611,611
Gufeng		3,677,606		688,639
Yuxing		103,646		62,129
Reconciling item (1)		-		-
Reconciling item (2)		(324,764)		(602,138)
Reconciling item (2)—stock compensation		(1,984,494)		(736,897)
Consolidated	$	13,333,722	$	11,023,344
Net income:
Jinong	$	10,088,808	$	9,937,597
Gufeng		2,495,095		207,670
Yuxing		103,810		55,092
Reconciling item (1)		-		75
Reconciling item (2)		(2,309,256)		(1,339,034)
Consolidated	$	10,378,457	$	8,861,400
Depreciation and Amortization:
Jinong	$	4,608,681	$	2,035,853
Gufeng		731,201		845,363
Yuxing		326,960		313,465
Consolidated	$	5,666,842	$	3,194,681
Interest expense:
Gufeng		233,186		385,792
Consolidated	$	233,186	$	385,792
Capital Expenditure:
Jinong	$	-	$	4,343,939
Gufeng		4,900		46,153
Yuxing		641,270		202,718
Consolidated	$	646,170	$	4,592,810

	As of		As of
	September 30,		June 30,
	2013		2013
Identifiable assets:
Jinong	$	201,966,317	$	197,232,555
Gufeng		117,870,517		108,409,694
Yuxing		44,077,076		43,021,886
Reconciling item (1)		116,166		68,113
Reconciling item (2)		(3,906)		(3,906)
Consolidated	$	364,026,170	$	348,728,342

(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.