SEGMENT REPORTING

9 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 13 – SEGMENT REPORTING

As of March 31, 2015, 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 March 31,				Nine months ended March 31,
Revenues from unaffiliated customers:	2014		2013		2014		2013
Jinong	$	33,289,393	$	30,210,579	$	98,946,251	$	88,261,203
Gufeng		45,022,730		39,080,111		82,787,611		70,318,209
Yuxing		1,175,092		1,005,291		3,106,317		2,654,517
Consolidated	$	79,487,215	$	70,295,981	$	184,840,179	$	161,233,929
Operating income :
Jinong	$	7,263,622	$	5,487,505	$	23,322,997	$	23,924,484
Gufeng		6,999,283		6,355,545		12,126,494		12,059,529
Yuxing		125,021		111,507		535,592		218,049
Reconciling item (1)		-		-		-		-
Reconciling item (2)		(381,644)		(203,393)		(1,338,332)		(834,439)
Reconciling item (2)—stock compensation		(1,081,125)		(1,833,997)		(4,150,995)		(6,638,246)
Consolidated	$	12,925,157	$	9,917,167	$	30,495,756	$	28,729,377
Net income:
Jinong	$	6,202,243	$	4,658,433	$	19,849,731	$	20,317,816
Gufeng		5,048,243		4,419,560		8,223,840		8,142,956
Yuxing		128,397		168,523		646,347		275,229
Reconciling item (1)		80		5		122		9
Reconciling item (2)		(1,462,769)		(2,037,390)		(5,489,327)		(7,472,685)
Consolidated	$	9,916,194	$	7,209,131	$	23,230,713	$	21,263,325
Depreciation and Amortization:
Jinong	$	10,831,046	$	6,333,478	$	32,319,450	$	19,808,803
Gufeng		840,225		924,689		2,539,935		2,521,225
Yuxing		349,952		336,211		1,043,518		997,536
Consolidated	$	12,021,223	$	7,594,378	$	35,902,903	$	23,327,564
Interest expense:
Gufeng		363,958		472,104		1,179,617		1,009,528
Consolidated	$	363,958	$	472,104	$	1,179,617	$	1,009,528
Capital Expenditure:
Jinong	$	9,893	$	143,874	$	9,232,410	$	65,028,679
Gufeng		544		70,257		13,578		81,036
Yuxing		27,630		10,974		397,823		982,591
Consolidated	$	38,067	$	225,105	$	9,643,811	$	66,092,306

	As of March 31,		As of June 30,
	2015		2014
Identifiable assets:
Jinong	$	218,047,068	$	195,331,283
Gufeng		165,593,590		153,655,110
Yuxing		44,525,538		44,003,970
Reconciling item (1)		445,747		123,753
Reconciling item (2)		(2,770)		(3,906)
Consolidated	$	428,609,173	$	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.