Segment Reporting (Tables)

9 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of segment reporting information

	Three Months Ended			Three Months Ended			Nine Months Ended			Nine Months Ended
	2020			2019			2020			2019
Revenues from unaffiliated customers:
Jinong	$	11,266,437		$	22,077,336		$	44,842,738		$	61,561,229
Gufeng		57,094,310			67,167,427			95,684,076			106,996,368
Yuxing		2,014,987			2,817,942			7,016,208			7,828,981
Sales VIEs		15,450,955			16,057,865			38,670,247			41,943,261
Consolidated	$	85,826,689		$	108,120,570		$	186,213,269		$	218,329,839
Operating income:
Jinong	$	(4,567,306	)	$	(2,210,904	)	$	(10,335,081	)	$	6,888,634
Gufeng		(44,325,347	)		7,111,832			(77,454,456	)		11,214,341
Yuxing		5,003			125,839			300,952			(3,477,668	)
Sales VIEs		812,350			2,821,741			5,653,582			9,201,792
Reconciling item (1)		-			-			-			-
Reconciling item (2)		(389,072	)		(399,196	)		(1,240,286	)		(1,363,180	)
Consolidated	$	(48,464,372	)	$	7,449,312		$	(83,075,289	)	$	22,463,919
Net income:
Jinong	$	(5,388,358	)	$	(1,980,471	)	$	(10,245,799	)	$	5,709,185
Gufeng		(44,538,320	)		5,260,432			(77,733,209	)		8,111,897
Yuxing		4,204			125,259			299,702			(3,478,089	)
Sales VIEs		89,265			2,111,941			4,312,975			7,668,280
Reconciling item (1)		(1	)		4			6			14
Reconciling item (2)		(389,072	)		(399,196	)		(1,240,286	)		(1,363,180	)
Reconciling item (3)		(28	)		(68	)		(12,379	)		(12,667	)
Consolidated	$	(50,222,309	)	$	5,117,901		$	(84,618,989	)	$	16,635,441
Depreciation and Amortization:
Jinong	$	190,739		$	199,460		$	572,587		$	592,424
Gufeng		521,051			542,033			1,557,909			1,607,957
Yuxing		296,863			307,835			886,512			912,554
Sales VIEs		182,658			188,309			526,096			558,892
Consolidated	$	1,172,886		$	1,237,638		$	3,543,104		$	3,671,827
Interest expense:
Jinong		59			70,000			25,659			207,758
Gufeng		76,248			75,621			215,241			250,127
Yuxing		-			-			-			-
Sales VIEs		(87,497	)		-			(164,594	)		-
Consolidated	$	(11,190	)	$	145,621		$	76,306		$	457,885
Capital Expenditure:
Jinong	$	57		$	781		$	25,005		$	4,273
Gufeng		698			394			698			45,998
Yuxing		268			726			25,852			8,825
Sales VIEs		14,654			-			14,654			-
Consolidated	$	15,677		$	1,901		$	66,210		$	59,096

	As of
	March 31,		June 30,
	2020		2019
Identifiable assets:
Jinong	$	113,770,025	$	149,166,251
Gufeng		195,938,075		253,149,321
Yuxing		35,184,546		35,900,242
Sales VIEs		49,854,815		42,269,307
Reconciling item (1)		361,138		518,158
Reconciling item (2)		166,121		(2,879	)
Consolidated	$	395,274,720	$	481,000,399

(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.