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SEGMENT REPORTING (Tables)
 6 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
As of December 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 December 31,
 
Six months ended December 31,
 
 
 
2015
 
2014
 
2015
 
2014
 
Revenues from unaffiliated customers:
 
 
 
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
31,302,561
 
$
31,192,693
 
$
66,010,365
 
$
65,656,858
 
Gufeng
 
 
23,579,674
 
 
21,778,807
 
 
41,814,506
 
 
37,764,881
 
Yuxing
 
 
2,083,765
 
 
1,079,674
 
 
3,325,400
 
 
1,931,225
 
Consolidated
 
$
56,966,000
 
$
54,051,174
 
$
111,150,271
 
$
105,352,964
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating income :
 
 
 
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
3,698,620
 
$
6,125,611
 
$
11,654,274
 
$
16,059,375
 
Gufeng
 
 
3,052,879
 
 
2,731,233
 
 
5,662,832
 
 
5,127,211
 
Yuxing
 
 
511,213
 
 
147,578
 
 
917,510
 
 
410,571
 
Reconciling item (1)
 
 
0
 
 
0
 
 
0
 
 
-
 
Reconciling item (2)
 
 
297,606
 
 
(271,754)
 
 
(219,754)
 
 
(956,688)
 
Reconciling item (2)—stock compensation
 
 
(1,780,587)
 
 
(1,649,150)
 
 
(2,857,081)
 
 
(3,069,870)
 
Consolidated
 
$
5,779,731
 
$
7,083,518
 
$
15,157,781
 
$
17,570,599
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income:
 
 
 
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
3,187,514
 
$
5,215,522
 
$
10,000,365
 
$
13,647,488
 
Gufeng
 
 
2,049,897
 
 
1,764,886
 
 
3,670,264
 
 
3,175,597
 
Yuxing
 
 
513,099
 
 
155,911
 
 
919,384
 
 
517,950
 
Reconciling item (1)
 
 
5
 
 
22
 
 
29
 
 
42
 
Reconciling item (2)
 
 
(1,477,980)
 
 
(1,920,904)
 
 
(3,076,835)
 
 
(4,026,558)
 
Consolidated
 
$
4,272,535
 
$
5,215,437
 
$
11,513,207
 
$
13,314,519
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and Amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
9,358,107
 
$
10,919,835
 
$
19,292,089
 
$
21,488,404
 
Gufeng
 
 
728,466
 
 
863,195
 
 
1,474,061
 
 
1,699,710
 
Yuxing
 
 
336,433
 
 
349,456
 
 
679,741
 
 
693,566
 
Consolidated
 
$
10,423,006
 
$
12,132,486
 
$
21,445,891
 
$
23,881,680
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense:
 
 
 
 
 
 
 
 
 
 
 
 
 
Gufeng
 
 
302,644
 
 
359,915
 
 
731,679
 
 
815,659
 
Consolidated
 
$
302,644
 
$
359,915
 
$
731,679
 
$
815,659
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditure:
 
 
 
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
6,643
 
$
4,968,047
 
$
6,643
 
$
9,222,517
 
Gufeng
 
 
0
 
 
13,034
 
 
1,770
 
 
13,034
 
Yuxing
 
 
6,449
 
 
370,193
 
 
7,252
 
 
370,193
 
Consolidated
 
$
13,092
 
$
5,351,274
 
$
15,665
 
$
9,605,744
 
 
 
 
As of December 31,
 
As of June 30,
 
 
 
2015
 
2015
 
Identifiable assets:
 
 
 
 
 
 
 
Jinong
 
$
209,144,782
 
$
219,259,401
 
Gufeng
 
 
173,218,844
 
 
165,267,975
 
Yuxing
 
 
46,013,868
 
 
44,745,889
 
Reconciling item (1)
 
 
110,138
 
 
312,198
 
Reconciling item (2)
 
 
(2,879)
 
 
(2,845)
 
Consolidated
 
$
428,484,753
 
$
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.