Segment Reporting

9 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 14 – SEGMENT REPORTING

As of March 31, 2024, the Company was organized into four main business segments based on location and product: Jinong (fertilizer production), Gufeng (fertilizer production), Yuxing (agricultural products production) and Antaeus (Bitcoin). Each of the four 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			Three Months Ended			Nine Months Ended			Nine Months Ended
	March 31, 2024			March 31, 2023			March 31, 2024			March 31, 2023
Revenues from unaffiliated customers:
Jinong	$	7,534,076		$	9,606,177		$	23,634,474		$	31,596,928
Gufeng		22,544,062			33,457,644			41,174,493			57,886,184
Yuxing		2,467,916			2,198,139			7,262,819			7,915,380
Antaeus		392,263			-			1,064,507			-
Consolidated	$	32,938,317		$	45,261,960		$	73,136,293		$	97,398,492
Operating (loss) income:
Jinong	$	(3,081,511	)	$	(1,687,189	)	$	(3,587,057	)	$	(2,365,810	)
Gufeng		(7,366,951	)		2,491,007			(10,460,423	)		279,915
Yuxing		139,072			127,971			(1,005,290	)		512,218
Antaeus		5,398			-			(88,619	)		-
Reconciling item (1)		-			(748,411	)		-			(2,460,244	)
Reconciling item (2)		(667,294	)		-			(3,005,987	)		-
Consolidated	$	(10,971,286	)	$	183,378		$	(18,147,376	)	$	(4,033,921	)
Net (loss) income:
Jinong	$	(3,078,870	)	$	(1,639,160	)	$	(3,509,256	)	$	(2,209,588	)
Gufeng		(7,406,821	)		2,449,880			(10,586,404	)		113,257
Yuxing		230,907			127,272			(913,113	)		621,448
Antaeus		20,794			-			(40,732	)		-
Reconciling item (1)		-			25			12			72
Reconciling item (2)		(667,294	)		(748,411	)		(3,005,987	)		(2,460,243	)
Consolidated	$	(10,901,284	)	$	189,605		$	(18,055,480	)	$	(3,935,055	)
Depreciation and Amortization:
Jinong	$	193,079		$	199,812		$	572,897		$	589,916
Gufeng		183,444			193,155			549,055			573,201
Yuxing		189,812			194,903			561,453			649,776
Antaeus		125,130			-			350,347			-
Consolidated	$	691,465		$	587,869		$	2,033,752		$	1,812,893
Interest expense:
Jinong		35,530			25,359			91,046			50,486
Gufeng		39,931			41,049			125,782			165,905
Yuxing		-			-			-			-
Antaeus		-			-			-			-
Consolidated	$	75,461		$	66,408		$	216,828		$	216,391
Capital Expenditure:
Jinong	$	9,037		$	1,244		$	50,861		$	35,334
Gufeng		180			1,375			180			217,480
Yuxing		34,630			1,207			97,370			56,700
Antaeus		-			-			1,502,600			-
Consolidated	$	43,847		$	3,825		$	1,651,011		$	309,514

	As of
	March 31,		June 30,
	2024		2023
Identifiable assets:
Jinong	$	75,080,500	$	87,862,836
Gufeng		46,752,248		49,749,041
Yuxing		38,598,326		38,223,482
Antaeus		3,355,841		3,292,247
Reconciling item (1)		9,656,086		7,387,637
Reconciling item (2)		166,121		166,121
Consolidated	$	173,609,122	$	186,681,364

(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.