Segment Reporting (Tables)

6 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Schedule of segment reporting information

	Three Months Ended			Three Months Ended			Six Months Ended			Six Months Ended
Revenues from unaffiliated customers:	2018			2017			2018			2017
Jinong	$	16,987,360		$	26,211,280		$	39,483,893		$	52,985,040
Gufeng		22,355,690			24,447,721			39,828,941			42,669,787
Yuxing		2,623,493			1,953,748			5,011,039			3,746,391
Sales VIEs		10,287,922			10,986,576			25,885,396			26,326,758
Consolidated	$	52,254,465		$	63,599,325		$	110,209,269		$	125,727,976
Operating income:
Jinong	$	2,171,448		$	5,577,154		$	9,099,538		$	12,343,229
Gufeng		2,493,457			2,549,525			4,102,509			4,655,738
Yuxing		(3,796,684	)		222,275			(3,603,507	)		397,748
Sales VIEs		3,748,752			2,014,662			6,380,051			39,203
Reconciling item (1)		0			(2	)		0			0
Reconciling item (2)		(342,219	)		(432,753	)		(963,984	)		(630,772	)
Consolidated	$	4,274,754		$	9,930,861		$	15,014,607		$	16,805,146
Net income:
Jinong	$	1,789,640		$	4,719,159		$	7,689,656		$	10,460,249
Gufeng		1,731,121			1,727,764			2,851,465			3,216,831
Yuxing		(3,796,526	)		222,869			(3,603,348	)		398,491
Sales VIEs		3,136,310			1,915,799			5,556,339			(239,204	)
Reconciling item (1)		8			2			10			3
Reconciling item (2)		(342,218	)		(432,753	)		(963,984	)		(630,772	)
Reconciling item (3)		(12,598	)		(325,058	)		(12,598	)		(325,058	)
Consolidated	$	2,505,735		$	7,827,782		$	11,517,540		$	12,880,540
Depreciation and Amortization:
Jinong	$	194,706		$	422,383		$	392,964		$	1,276,126
Gufeng		529,305			552,299			1,065,924			1,100,057
Yuxing		299,900			315,282			604,719			627,801
Sales VIEs		183,777			210,482			370,583			430,405
Consolidated	$	1,207,689		$	1,500,446		$	2,434,189		$	3,434,389
Interest expense:
Jinong		68,317			71,447			137,758			142,283
Gufeng		81,384			101,645			174,506			206,368
Yuxing		0			0			0			0
Sales VIEs		(123	)		(78,505	)		0			(74,489	)
Consolidated	$	149,578		$	94,587		$	312,264		$	274,162
Capital Expenditure:
Jinong	$	456		$	808		$	3,492		$	4,149
Gufeng		18,616			297			45,604			14,165
Yuxing		6,850			4,773			8,099			4,773
Sales VIEs		0			0			0			0
Consolidated	$	25,922		$	5,878		$	57,195		$	23,086

	As of
	December 31,			June 30,
	2018			2018
Identifiable assets:
Jinong	$	191,790,465		$	226,335,489
Gufeng		198,089,974			168,572,947
Yuxing		0			0
Sales VIEs		75,698,359			87,567,782
Reconciling item (1)		822,619			512,622
Reconciling item (2)		(2,879	)		(2,879	)
Consolidated	$	466,398,538		$	482,985,960

(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.

(3) Reconciling amounts refer to the adjustment for net gain on derivative liability on convertible bonds.