SEGMENT REPORTING (Tables)

3 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

As of September 30, 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 September 30,
	2015		2014
Revenues from unaffiliated customers:
Jinong	$	34,707,804	$	34,464,165
Gufeng		18,234,832		15,986,074
Yuxing		1,241,635		851,551
Consolidated	$	54,184,271	$	51,301,790
Operating income :
Jinong	$	7,955,654	$	9,933,764
Gufeng		2,609,953		2,395,978
Yuxing		406,297		262,993
Reconciling item (1)		-		-
Reconciling item (2)		(517,360)		(684,934)
Reconciling item (2)—stock compensation		(1,076,494)		(1,420,720)
Consolidated	$	9,378,050	$	10,487,081
Net income:
Jinong	$	6,812,851	$	8,431,966
Gufeng		1,620,367		1,410,711
Yuxing		406,285		362,039
Reconciling item (1)		24		20
Reconciling item (2)		(1,598,855)		(2,105,654)
Consolidated	$	7,245,672	$	8,099,082
Depreciation and Amortization:
Jinong	$	9,933,982	$	10,568,570
Gufeng		745,595		836,514
Yuxing		343,308		344,110
Consolidated	$	11,022,885	$	11,749,194
Interest expense:
Gufeng		429,035		455,744
Consolidated	$	429,035	$	455,744
Capital Expenditure:
Jinong	$	0	$	4,254,471
Gufeng		1,787		9,187
Yuxing		803		259,375
Consolidated	$	2,590	$	4,523,033

	As of
	September 30,		June 30,
	2015		2015
Identifiable assets:
Jinong	$	212,731,651	$	219,259,401
Gufeng		190,111,406		165,267,975
Yuxing		43,356,924		44,745,889
Reconciling item (1)		124,996		312,198
Reconciling item (2)		(2,820)		(2,845)
Consolidated	$	446,322,157	$	429,582,618

(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.