Segment Reporting (Tables)

9 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of segment reporting information

	Three Months Ended March 31,						Nine Months Ended March 31,
	2019			2018			2019			2018
Revenues from unaffiliated customers:
Jinong	$	22,077,336		$	27,490,333		$	61,561,229		$	80,475,373
Gufeng		67,167,427			38,932,597			106,996,368			81,602,384
Yuxing		2,817,942			3,041,891			7,828,981			6,788,282
VIES		16,057,865			13,086,062			41,943,261			39,412,820
Consolidated	$	108,120,570		$	82,550,883		$	218,329,839		$	208,278,859
Operating income:
Jinong	$	(2,210,904	)	$	5,704,281		$	6,888,634		$	18,047,510
Gufeng		7,111,832			3,210,959			11,214,341			7,866,697
Yuxing		125,839	)		(951,474	)		(3,477,668	)		(553,726	)
VIES		2,821,741			2,067,194			9,201,792			2,106,396
Reconciling item (1)		0			0			0			0
Reconciling item (2)		(399,196	)		(404,960	)		(1,363,180	)		(1,035,731	)
Consolidated	$	7,449,312		$	9,625,999		$	22,463,919		$	26,431,146
Net income:
Jinong	$	(1,980,471	)	$	4,778,486		$	5,709,185		$	15,238,735
Gufeng		5,260,432			2,310,042			8,111,897			5,526,873
Yuxing		125,259			(951,805	)		(3,478,089	)		(553,314	)
VIES		2,111,941			1,892,425			7,668,280			1,653,220
Reconciling item (1)		4			0			14			4
Reconciling item (2)		(399,196	)		(404,960	)		(1,363,180	)		(1,035,731	)
Reconciling item (3)		(68	)		2,844			(12,667	)		(322,214	)
Consolidated	$	5,117,901		$	7,627,033		$	16,635,441		$	20,507,573
Depreciation and Amortization:
Jinong	$	199,460		$	226,678		$	592,424		$	1,502,805
Gufeng		542,033			574,120			1,607,957			1,674,176
Yuxing		307,835			327,729			912,554			955,530
VIES		188,309			195,922			558,892			568,835
Consolidated	$	1,237,638		$	1,324,449		$	3,671,827		$	4,701,346
Interest expense:
Jinong		70,000			74,270			207,758			216,553
Gufeng		75,621			105,299			250,127			311,667
Yuxing		0			0			0			0
Sales VIEs		0			(1,091	)		0			(75,580	)
Consolidated	$	145,621		$	178,478		$	457,885		$	452,640
Capital Expenditure:
Jinong	$	781		$	537		$	4,273		$	4,686
Gufeng		394			(11,286	)		45,998			2,878
Yuxing		726			350			8,825			5,122
VIES		0			20,520			0			20,520
Consolidated	$	1,901		$	10,120		$	59,096		$	33,207

	As of
	March 31,			June 30,
	2019			2018
Identifiable assets:
Jinong	$	148,860,709		$	226,335,489
Gufeng		255,784,087			168,572,947
Sales VIES		76,434,439			87,567,782
Reconciling item (1)		599,845			512,622
Reconciling item (2)		(2,879	))		(2,879	)
Consolidated	$	481,676,200		$	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.