SEGMENT REPORTING

9 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 12 – SEGMENT REPORTING

As of March 31, 2016, 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,
	2016		2015			2016		2015
Revenues from unaffiliated customers:					Revenues from unaffiliated customers:
Jinong	$	31,602,239	$	33,289,393	Jinong	$	97,612,604	$	98,946,251
Gufeng		43,762,058		45,022,730	Gufeng		85,576,564		82,787,611
Yuxing		3,274,177		1,175,092	Yuxing		6,599,577		3,106,317
Consolidated	$	78,638,474	$	79,487,215	Consolidated	$	189,788,745	$	184,840,179
Operating income :					Operating income :
Jinong	$	5,854,750	$	7,263,622	Jinong	$	17,509,024	$	23,322,997
Gufeng		4,805,591		6,999,283	Gufeng		10,468,423		12,126,494
Yuxing		543,855		125,021	Yuxing		1,461,365		535,592
Reconciling item (1)		0		0	Reconciling item (1)		0		0
Reconciling item (2)		(41,454)		(381,644)	Reconciling item (2)		(261,208)		(1,338,332)
Reconciling item (2)—stock compensation		(855,628)		(1,081,125)	Reconciling item (2)—stock compensation		(3,712,709)		(4,150,995)
Consolidated	$	10,307,114	$	12,925,157	Consolidated	$	25,464,895	$	30,495,756
Net income:					Net income:
Jinong	$	5,023,016	$	6,202,243	Jinong	$	15,023,381	$	19,849,731
Gufeng		3,577,278		5,048,243	Gufeng		7,247,542		8,223,840
Yuxing		548,559		128,397	Yuxing		1,467,943		646,347
Reconciling item (1)		0		80	Reconciling item (1)		29		122
Reconciling item (2)		(897,082)		(1,462,769)	Reconciling item (2)		(3,973,917)		(5,489,327)
Consolidated	$	8,251,771	$	9,916,194	Consolidated	$	19,764,978	$	23,230,713
Depreciation and Amortization:					Depreciation and Amortization:
Jinong	$	8,723,607	$	10,831,046	Jinong	$	28,015,696	$	32,319,450
Gufeng		747,160		840,225	Gufeng		2,221,221		2,539,935
Yuxing		328,956		349,952	Yuxing		1,008,697		1,043,518
Consolidated	$	9,799,723	$	12,021,223	Consolidated	$	31,245,614	$	35,902,903
Interest expense:					Interest expense:
Gufeng		211,734		363,958	Gufeng		943,413		1,179,617
Consolidated	$	211,734	$	363,958	Consolidated	$	943,413	$	1,179,617
Capital Expenditure:					Capital Expenditure:
Jinong	$	616	$	9,893	Jinong	$	7,259	$	9,232,410
Gufeng		1,962		544	Gufeng		1,962		13,578
Yuxing		938		27,630	Yuxing		7,387		397,823
Consolidated	$	3,516	$	38,067	Consolidated	$	16,608	$	9,643,811

	As of		As of
	March 31,		June 30,
	2016		2015
Identifiable assets:
Jinong	$	200,739,190	$	219,259,401
Gufeng		152,211,833		165,267,975
Yuxing		46,902,443		44,745,889
Reconciling item (1)		50,921		312,198
Reconciling item (2)		(2,879)		(2,845)
Consolidated	$	399,901,508	$	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.