SEGMENT REPORTING

3 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 13 – SEGMENT REPORTING

As of September 30, 2014, 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.

	Three months ended September 30,
Revenues from unaffiliated customers:	2014		2013
Jinong	$	34,464,165	$	31,762,002
Gufeng		15,986,074		17,756,082
Yuxing		851,551		785,263
Consolidated	$	51,301,790	$	50,303,347
Operating income :
Jinong	$	9,933,764	$	11,861,728
Gufeng		2,395,978		3,677,606
Yuxing		262,993		103,646
Reconciling item (1)		-		-
Reconciling item (2)		(684,934)		(324,764)
Reconciling item (2)--stock compensation		(1,420,720)		(1,984,494)
Consolidated	$	10,487,081	$	13,333,722
Net income:
Jinong	$	8,431,966	$	10,088,808
Gufeng		1,410,711		2,495,095
Yuxing		362,039		103,810
Reconciling item (1)		20		-
Reconciling item (2)		(2,105,654)		(2,309,256)
Consolidated	$	8,099,082	$	10,378,457
Depreciation and Amortization:
Jinong	$	10,568,569	$	4,608,681
Gufeng		836,514		731,201
Yuxing		344,110		326,960
Consolidated	$	11,749,194	$	5,666,842
Interest expense:
Gufeng		455,744		233,186
Consolidated	$	455,744	$	233,186
Capital Expenditure:
Jinong	$	4,254,470	$	25,771,964
Gufeng		9,187		4,900
Yuxing		259,375		641,270
Consolidated	$	4,523,033	$	26,418,134

	As of September 30,		As of June 30,
	2014		2014
Identifiable assets:
Jinong	$	204,001,609	$	195,331,283
Gufeng		166,678,111		153,655,110
Yuxing		43,896,977		44,003,970
Reconciling item (1)		189,690		123,753
Reconciling item (2)		(2,637)		(3,906)
Consolidated	$	414,763,750	$	393,110,210

(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.