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SEGMENT REPORTING (Tables)
12 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
As of June 30, 2015, the Company was organized into three main business segments (compared with four main business segments in 2012) 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.
 
 
 
 
For the Year Ended June 30,
 
 
 
2015
 
2014
 
2013
 
Revenues from:
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
130,355,168
 
 
117,706,034
 
$
110,585,022
 
Gufeng
 
 
128,675,606
 
 
112,011,232
 
 
102,915,414
 
Yuxing
 
 
4,323,514
 
 
3,684,822
 
 
3,397,520
 
Consolidated
 
$
263,354,288
 
 
233,402,088
 
$
216,897,956
 
 
 
 
 
 
 
 
 
 
 
 
Operating income :
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
27,569,969
 
 
27,765,212
 
$
44,036,878
 
Gufeng
 
 
20,063,568
 
 
16,636,156
 
 
15,322,045
 
Yuxing
 
 
640,367
 
 
48,879
 
 
(32,265)
 
Reconciling item (1)
 
 
-
 
 
 
 
 
 
 
Reconciling item (2)
 
 
(1,580,963)
 
 
(1,078,398)
 
 
(840,511)
 
Reconciling item (2)—stock compensation
 
 
(4,980,017)
 
 
(8,054,189)
 
 
(3,100,685)
 
Consolidated
 
$
41,712,924
 
 
35,317,660
 
$
55,385,462
 
 
 
 
 
 
 
 
 
 
 
 
Net income:
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
23,489,740
 
 
23,269,461
 
$
37,682,986
 
Gufeng
 
 
13,764,794
 
 
11,271,742
 
 
10,498,393
 
Yuxing
 
 
751,372
 
 
106,059
 
 
533,722
 
Reconciling item (1)
 
 
200
 
 
20
 
 
142
 
Reconciling item (2)
 
 
(6,560,980)
 
 
(9,132,587)
 
 
(3,941,195)
 
Consolidated
 
$
31,445,126
 
 
25,514,695
 
$
44,774,048
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and Amortization:
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
42,861,786
 
 
28,456,422
 
$
10,065,656
 
Gufeng
 
 
3,319,329
 
 
3,143,837
 
 
3,298,983
 
Yuxing
 
 
1,528,408
 
 
1,660,990
 
 
1,399,407
 
Consolidated
 
$
47,709,523
 
 
33,261,249
 
$
14,764,046
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gufeng
 
 
1,712,639
 
 
1,380,829
 
 
1,351,157
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
1,712,639
 
 
1,380,829
 
$
1,351,157
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditure:
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
9,266,682
 
 
72,128,061
 
$
31,337,204
 
Gufeng
 
 
13,595
 
 
112,941
 
 
7,422
 
Yuxing
 
 
405,401
 
 
1,423,163
 
 
1,037,272
 
Consolidated
 
$
9,685,678
 
 
73,664,165
 
$
32,381,898
 
 
 
 
 
 
 
 
 
 
 
 
Identifiable assets:
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
219,259,401
 
 
195,331,283
 
$
197,232,555
 
Gufeng
 
 
165,267,975
 
 
153,655,110
 
 
108,409,694
 
Yuxing
 
 
44,745,889
 
 
44,003,970
 
 
43,021,886
 
Reconciling item (1)
 
 
312,198
 
 
123,753
 
 
68,113
 
Reconciling item (2)
 
 
(2,845)
 
 
(3,906)
 
 
(3,906)
 
Consolidated
 
$
429,582,618
 
 
393,110,210
 
$
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.
Export [Member]  
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Total revenues from exported products currently account for approximately 0.1%, 0.1% and 0.2% of the Company’s total fertilizer revenues for the years ended June 30, 2015, 2014 and 2013, respectively.
 
 
FY 2015 Export Details
Exported to
 
Subsidiary
 
Type
 
Amount
 
India
 
Gufeng
 
40% humic acid organic/inorganic fertilizer
 
$
-
 
India
 
Jinong
 
Liquid fertilizer
 
 
230,071
 
India
 
Jinong
 
Solid fertilizer
 
 
104,861
 
 
 
 
 
 
 
$
334,932
 
 
FY 2014 Export Details
Exported to
 
Subsidiary
 
Type
 
Amount
 
India
 
Gufeng
 
40% humic acid organic/inorganic fertilizer
 
$
-
 
India
 
Jinong
 
Liquid fertilizer
 
 
129,351
 
India
 
Jinong
 
Solid fertilizer
 
 
196,572
 
 
 
 
 
 
 
$
325,923
 
 
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