XML 57 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Sales        
Net sales $ 54,051,174us-gaap_SalesRevenueGoodsNet $ 40,634,601us-gaap_SalesRevenueGoodsNet $ 105,352,964us-gaap_SalesRevenueGoodsNet $ 90,937,948us-gaap_SalesRevenueGoodsNet
Cost of goods sold        
Cost of goods sold 31,141,180us-gaap_CostOfGoodsSold 21,783,086us-gaap_CostOfGoodsSold 57,769,536us-gaap_CostOfGoodsSold 49,616,745us-gaap_CostOfGoodsSold
Gross profit 22,909,994us-gaap_GrossProfit 18,851,515us-gaap_GrossProfit 47,583,428us-gaap_GrossProfit 41,321,203us-gaap_GrossProfit
Operating expenses        
Selling expenses 1,981,065us-gaap_SellingExpense 752,642us-gaap_SellingExpense 2,716,702us-gaap_SellingExpense 1,212,637us-gaap_SellingExpense
Selling expenses - amortization of deferred asset 10,651,432us-gaap_AmortizationOfDeferredSalesCommissions 8,054,453us-gaap_AmortizationOfDeferredSalesCommissions 20,982,516us-gaap_AmortizationOfDeferredSalesCommissions 13,390,648us-gaap_AmortizationOfDeferredSalesCommissions
General and administrative expenses 3,193,979us-gaap_GeneralAndAdministrativeExpense 4,565,932us-gaap_GeneralAndAdministrativeExpense 6,313,611us-gaap_GeneralAndAdministrativeExpense 7,905,708us-gaap_GeneralAndAdministrativeExpense
Total operating expenses 15,826,476us-gaap_OperatingExpenses 13,373,027us-gaap_OperatingExpenses 30,012,829us-gaap_OperatingExpenses 22,508,993us-gaap_OperatingExpenses
Income from operations 7,083,518us-gaap_OperatingIncomeLoss 5,478,488us-gaap_OperatingIncomeLoss 17,570,599us-gaap_OperatingIncomeLoss 18,812,210us-gaap_OperatingIncomeLoss
Other income (expense)        
Other income (expense) 4,749us-gaap_OtherNonoperatingIncomeExpense (70,057)us-gaap_OtherNonoperatingIncomeExpense 46,704us-gaap_OtherNonoperatingIncomeExpense (186,440)us-gaap_OtherNonoperatingIncomeExpense
Interest income 38,969us-gaap_InvestmentIncomeInterest 21,434us-gaap_InvestmentIncomeInterest 68,354us-gaap_InvestmentIncomeInterest 77,088us-gaap_InvestmentIncomeInterest
Interest expense (359,915)us-gaap_InterestExpenseDebt (304,238)us-gaap_InterestExpenseDebt (815,659)us-gaap_InterestExpenseDebt (537,424)us-gaap_InterestExpenseDebt
Total other income (expense) (316,197)us-gaap_NonoperatingIncomeExpense (352,861)us-gaap_NonoperatingIncomeExpense (700,601)us-gaap_NonoperatingIncomeExpense (646,776)us-gaap_NonoperatingIncomeExpense
Income before income taxes 6,767,321us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 5,125,627us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 16,869,998us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 18,165,434us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 1,551,884us-gaap_IncomeTaxExpenseBenefit 1,449,890us-gaap_IncomeTaxExpenseBenefit 3,555,479us-gaap_IncomeTaxExpenseBenefit 4,111,240us-gaap_IncomeTaxExpenseBenefit
Net income 5,215,437us-gaap_NetIncomeLoss 3,675,737us-gaap_NetIncomeLoss 13,314,519us-gaap_NetIncomeLoss 14,054,194us-gaap_NetIncomeLoss
Other comprehensive income        
Foreign currency translation gain 619,865us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax 2,947,080us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax 626,154us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax 3,641,796us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
Comprehensive income 5,835,302us-gaap_ComprehensiveIncomeNetOfTax 6,622,817us-gaap_ComprehensiveIncomeNetOfTax 13,940,673us-gaap_ComprehensiveIncomeNetOfTax 17,695,990us-gaap_ComprehensiveIncomeNetOfTax
Basic weighted average shares outstanding (in shares) 33,281,464us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 31,817,515us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 32,829,357us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 30,895,621us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Basic net earnings per share (in dollars per share) $ 0.16us-gaap_EarningsPerShareBasic $ 0.12us-gaap_EarningsPerShareBasic $ 0.41us-gaap_EarningsPerShareBasic $ 0.45us-gaap_EarningsPerShareBasic
Diluted weighted average shares outstanding (in shares) 33,281,464us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 31,817,515us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 32,829,357us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 30,895,621us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Diluted net earnings per share (in dollars per share) $ 0.16us-gaap_EarningsPerShareDiluted $ 0.12us-gaap_EarningsPerShareDiluted $ 0.41us-gaap_EarningsPerShareDiluted $ 0.45us-gaap_EarningsPerShareDiluted
Jinong [Member]        
Sales        
Net sales 31,192,693us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_JinongMember
26,288,622us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_JinongMember
65,656,858us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_JinongMember
58,050,624us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_JinongMember
Cost of goods sold        
Cost of goods sold 12,314,040us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_JinongMember
10,869,262us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_JinongMember
25,694,663us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_JinongMember
24,839,093us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_JinongMember
Operating expenses        
Income from operations 6,125,611us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
6,575,251us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
16,059,375us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
18,436,979us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
Other income (expense)        
Net income 5,215,522us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
5,570,575us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
13,647,488us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
15,659,383us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_JinongMember
Gufeng [Member]        
Sales        
Net sales 21,778,807us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_GufengMember
13,482,016us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_GufengMember
37,764,881us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_GufengMember
31,238,098us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_GufengMember
Cost of goods sold        
Cost of goods sold 18,034,979us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_GufengMember
10,291,112us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_GufengMember
30,634,164us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_GufengMember
23,500,744us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_GufengMember
Operating expenses        
Income from operations 2,731,233us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
2,026,378us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
5,127,211us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
5,703,984us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
Other income (expense)        
Interest expense (359,915)us-gaap_InterestExpenseDebt
/ dei_LegalEntityAxis
= cga_GufengMember
(304,238)us-gaap_InterestExpenseDebt
/ dei_LegalEntityAxis
= cga_GufengMember
(815,659)us-gaap_InterestExpenseDebt
/ dei_LegalEntityAxis
= cga_GufengMember
(537,424)us-gaap_InterestExpenseDebt
/ dei_LegalEntityAxis
= cga_GufengMember
Net income 1,764,886us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
1,228,301us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
3,175,597us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
3,723,396us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_GufengMember
Yuxing [Member]        
Sales        
Net sales 1,079,674us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_YuxingMember
863,963us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_YuxingMember
1,931,225us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_YuxingMember
1,649,226us-gaap_SalesRevenueGoodsNet
/ dei_LegalEntityAxis
= cga_YuxingMember
Cost of goods sold        
Cost of goods sold 792,161us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_YuxingMember
622,712us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_YuxingMember
1,440,709us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_YuxingMember
1,276,908us-gaap_CostOfGoodsSold
/ dei_LegalEntityAxis
= cga_YuxingMember
Operating expenses        
Income from operations 147,578us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
2,896us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
410,571us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
106,542us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
Other income (expense)        
Net income $ 155,911us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
$ 2,896us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
$ 517,950us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember
$ 106,706us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= cga_YuxingMember