SEGMENT REPORTING (Tables)

9 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following tables present a summary of our businesses and operating segments results. 

	Three months ended March 31,
	2013			2012
Revenues from unaffiliated customers:
Jinong	$	27,051,929		$	22,311,668
Gufeng		37,690,762			34,095,432
Jintai		-			2,466,393
Yuxing		1,129,842			1,142,851
Consolidated	$	65,872,533		$	60,016,344
Operating income :
Jinong	$	11,406,985		$	10,975,095
Gufeng		5,642,544			5,780,062
Jintai		-			(212,967	)
Yuxing		171,500			(97,907	)
Reconciling item (1)		-			-
Reconciling item (2)		(256,110	)		(452,580	)
Reconciling item (2)—stock compensation		(440,508	)		(129,695	)
Consolidated	$	16,524,411		$	15,862,008
Net income:
Jinong	$	9,756,153		$	9,400,856
Gufeng		4,178,836			3,865,515
Jintai		-			(212,905	)
Yuxing		172,275			(96,848	)
Reconciling item (1)		13			18
Reconciling item (2)		(696,618	)		(582,275	)
Consolidated	$	13,410,659		$	12,374,361
Depreciation and Amortization:
Jinong	$	1,990,178		$	592,031
Gufeng		1,709,328			816,584
Jintai		-			(1,008	)
Yuxing		316,700			276,555
Consolidated	$	4,016,206		$	1,684,162
Interest expense:
Jinong	$	-		$	-
Gufeng		298,455			554,325
Reconciling item (2)		-			-
Consolidated	$	298,455		$	554,325
Capital Expenditure:
Jinong	$	6,275,253		$	1,880,430
Gufeng		31,271			(14,946	)
Jintai		-			(3,423	)
Yuxing		(134,467	)		8,012
Consolidated	$	6,172,057		$	1,870,073

(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.

	Nine months ended March 31,
	2013			2012
Revenues from unaffiliated customers:
Jinong	$	77,857,756		$	63,543,075
Gufeng		66,612,586			89,666,961
Jintai		-			5,780,969
Yuxing		2,645,923			1,221,930
Consolidated	$	147,116,265		$	160,212,935
Operating income :
Jinong	$	31,418,916		$	32,421,375
Gufeng		8,821,041			12,062,444
Jintai		-			(1,457,900	)
Yuxing		260,155			(338,365	)
Reconciling item (1)		-			-
Reconciling item (2)		(738,343	)		(2,210,290	)
Reconciling item (2)—stock compensation		(2,315,036	)		(1,139,938	)
Consolidated	$	37,446,733		$	39,337,326
Net income:
Jinong	$	26,893,779		$	27,758,554
Gufeng		5,848,880			8,055,846
Jintai		57			(1,457,704	)
Yuxing		823,911			(156,914	)
Reconciling item (1)		139			321
Reconciling item (2)		(3,053,379	)		(3,350,228	)
Consolidated	$	30,513,387		$	30,849,875
Depreciation and Amortization:
Jinong	$	6,449,763		$	1,756,742
Gufeng		2,634,409			2,462,687
Jintai		-			(440	)
Yuxing		946,263			476,491
Consolidated	$	10,030,435		$	4,695,480
Interest expense:
Jinong	$	-		$	-
Gufeng		1,050,694			1,110,672
Reconciling item (2)		-			-
Consolidated	$	1,050,694		$	1,110,672
Capital Expenditure:
Jinong	$	15,601,870		$	5,589,432
Gufeng		(876,682	)		(14,946	)
Jintai		-			(3,423	)
Yuxing		102,424			139,467
Consolidated	$	14,827,612		$	5,710,530

	As of			As of
	March 31, 2013			June 30, 2012
Identifiable assets:
Jinong	$	181,535,571		$	221,575,406
Gufeng		104,482,467			57,657,305
Jintai		4,573,427			6,670,058
Yuxing		38,028,176			1,851,745
Reconciling item (1)		79,213			280,445
Reconciling item (2)		(3,906	)		(3,906	)
Consolidated	$	328,694,948		$	288,031,053

(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.