SEGMENT REPORTING

9 Months Ended

Mar. 31, 2012

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 16 – SEGMENT REPORTING

The Company was organized into four main business segments: fertilizer production (Jinong & Gufeng), agricultural products production (Jintai and Yuxing).. The following tables present a summary of our businesses’ and operating segments’ results.

	For the Three Months Ended March 31,
	2012			2011
Revenues from unaffiliated customers:
Jinong	$	22,311,668		$	16,208,041
Gufeng		34,095,432			26,127,821
Jintai		2,466,393			2,317,422
Yuxing		1,142,851			-
Consolidated	$	60,016,344		$	44,653,284
Operating income :
Jinong	$	10,975,095		$	8,983,380
Gufeng		5,780,062			4,319,589
Jintai		(212,967	)		1,007,390
Yuxing		(97,907	)		39,684
Reconciling item (1)		-			-
Reconciling item (2)		(452,580	)		(1,193,741	)
Reconciling item (2)--stock compensation		(129,695	)		(1,031,448	)
Consolidated	$	15,862,008		$	12,124,854
Net income:
Jinong	$	9,400,856		$	7,638,564
Gufeng		3,865,515			3,011,116
Jintai		(212,905	)		1,007,361
Yuxing		(96,848	)		39,956
Reconciling item (1)		18			935
Reconciling item (2)		(582,275	)		(2,225,187	)
Consolidated	$	12,374,361		$	9,472,745
Depreciation and Amortization:
Jinong	$	592,031		$	763,187
Gufeng		816,584			839,034
Jintai		(1,008	)		(73,550	)
Yuxing		276,555			(125,844	)
Consolidated	$	1,684,162		$	1,402,827
Interest expense:
Jinong	$	-		$	-
Gufeng		554,325			154,292
Reconciling item (2)		-			-
Consolidated	$	554,325		$	154,292
Capital Expenditure:
Jinong	$	1,880,431		$	2,760,908
Gufeng		(14,946	)		8,480,706
Jintai		(3,423	)		1,249,887
Yuxing		8,012			7,817,189
Consolidated	$	1,870,073		$	20,308,690

(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.

	For the Nine Months Ended March 31,
	2012			2011
Revenues from unaffiliated customers:
Jinong	$	63,543,075		$	47,030,563
Gufeng		89,666,961			66,804,752
Jintai		5,780,969			5,612,628
Yuxing		1,221,930			-
Consolidated	$	160,212,935		$	119,447,943
Operating income :
Jinong	$	32,421,375		$	23,602,730
Gufeng		12,062,444			8,953,287
Jintai		(1,457,900	)		2,413,641
Yuxing		(338,365	)		(100,128	)
Reconciling item (1)
Reconciling item (2)		(2,210,290	)		(2,672,980	)
Reconciling item (2)—stock compensation		(1,139,938	)		(2,573,785	)
Consolidated	$	39,337,326		$	29,622,765
Net income:
Jinong	$	27,758,554		$	20,176,280
Gufeng		8,055,846			6,241,900
Jintai		(1,457,704	)		2,413,621
Yuxing		(156,914	)		(98,576	)
Reconciling item (1)		321			3,562
Reconciling item (2)		(3,350,228	)		(5,246,765	)
Consolidated	$	30,849,875		$	23,490,022
Depreciation and Amortization:
Jinong	$	1,756,742		$	2,125,523
Gufeng		2,462,687			1,470,275
Jintai		(440	)		179
Yuxing		476,491			3,603
Consolidated	$	4,695,480		$	3,599,580
Interest expense:
Jinong	$	-		$	-
Gufeng		1,110,672			448,819
Reconciling item (2)		-			-
Consolidated	$	1,110,672		$	448,819
Capital Expenditure:
Jinong	$	5,589,432		$	4,180,694
Gufeng		(14,946	)		9,017,534
Jintai		(3,423	)		1,249,887
Yuxing		139,467			7,851,378
Consolidated	$	5,710,530		$	22,299,493
	As of March 31			As of June 30,
	2012			2011
Identifiable assets:
Jinong	$	210,114,352		$	111,956,641
Gufeng		65,662,866			67,260,447
Jintai		7,070,643			14,001,793
Yuxing		(164,725	)		24,354,406
Reconciling item (1)		32,855			969,963
Reconciling item (2)		(3,907	)		4,827,737
Consolidated	$	282,712,084		$	223,370,987

(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.