XML 68 R46.htm IDEA: XBRL DOCUMENT v3.5.0.2
Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) - USD ($)
1 Months Ended 12 Months Ended
Jun. 16, 2013
Jun. 30, 2016
Jun. 30, 2015
Basis of Presentation and Summary of Significant Accounting Policies (Textual)      
Amortization of deferred assets   $ 35,068,272 $ 41,902,052
Converted wholly owned foreign enterprise, description

Effective June 16, 2013, Yuxing was converted from being a wholly-owned foreign enterprise 100% owned by Jinong to a domestic enterprise 100% owned one natural person, who is not affiliated to the Company (“Yuxing’s Owner”). Effective the same day, Yuxing’s Owner entered into a series of contractual agreements with Jinong pursuant to which Yuxing became the VIE of Jinong.

   
Aggregate cash in accounts and on hand   102,728,991 92,686,188
Accounts receivable   118,418,228 68,528,598
Allowance for doubtful accounts   397,123 307,923
Amortization expense of deferred assets for twelve months ending June 30, 2017   12,661,672  
Amortization expense of deferred assets for twelve months ending June 30, 2018   769,949  
Fair value of embedded conversion   144,818  
Customer deposits   8,578,341 19,129,853
United States Banks [Member]      
Basis of Presentation and Summary of Significant Accounting Policies (Textual)      
Deposits in banks   167,495 306,376
U.S. Federal Deposit Insurance Corporation, cash   $ 250,000 $ 250,000