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SEGMENT REPORTING (Tables)
 6 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
As of December 31, 2014, the Company was organized into three main business segments based on location and product: Jinong (fertilizer production), Gufeng (fertilizer production), and Yuxing (agricultural products production). Each of the three 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 December 31,
 
Six months ended December 31,
 
 
 
2014
 
2013
 
2014
 
2013
 
Revenues from unaffiliated customers:
 
 
 
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
31,192,693
 
$
26,288,622
 
$
65,656,858
 
$
58,050,624
 
Gufeng
 
 
21,778,807
 
 
13,482,016
 
 
37,764,881
 
 
31,238,098
 
Yuxing
 
 
1,079,674
 
 
863,963
 
 
1,931,225
 
 
1,649,226
 
Consolidated
 
$
54,051,174
 
$
40,634,601
 
$
105,352,964
 
$
90,937,948
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating income :
 
 
 
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
6,125,611
 
$
6,575,251
 
$
16,059,375
 
$
18,436,979
 
Gufeng
 
 
2,731,233
 
 
2,026,378
 
 
5,127,211
 
 
5,703,984
 
Yuxing
 
 
147,578
 
 
2,896
 
 
410,571
 
 
106,542
 
Reconciling item (1)
 
 
0
 
 
0
 
 
-
 
 
-
 
Reconciling item (2)
 
 
(271,754)
 
 
(306,282)
 
 
(956,688)
 
 
(631,046)
 
Reconciling item (2)—stock compensation
 
 
(1,649,150)
 
 
(2,819,755)
 
 
(3,069,870)
 
 
(4,804,249)
 
Consolidated
 
$
7,083,518
 
$
5,478,488
 
$
17,570,599
 
$
18,812,210
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income:
 
 
 
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
5,215,522
 
$
5,570,575
 
$
13,647,488
 
$
15,659,383
 
Gufeng
 
 
1,764,886
 
 
1,228,301
 
 
3,175,597
 
 
3,723,396
 
Yuxing
 
 
155,911
 
 
2,896
 
 
517,950
 
 
106,706
 
Reconciling item (1)
 
 
22
 
 
4
 
 
42
 
 
4.00
 
Reconciling item (2)
 
 
(1,920,904)
 
 
(3,126,039)
 
 
(4,026,558)
 
 
(5,435,295)
 
Consolidated
 
$
5,215,437
 
$
3,675,737
 
$
13,314,519
 
$
14,054,194
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and Amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
10,919,835
 
$
8,866,644
 
$
21,488,404
 
$
13,475,325
 
Gufeng
 
 
863,195
 
 
865,335
 
 
1,699,710
 
 
1,596,536
 
Yuxing
 
 
349,456
 
 
334,365
 
 
693,566
 
 
661,325
 
Consolidated
 
$
12,132,486
 
$
10,066,344
 
$
23,881,680
 
$
15,733,186
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense:
 
 
 
 
 
 
 
 
 
 
 
 
 
Gufeng
 
 
359,915
 
 
304,238
 
 
815,659
 
 
537,424
 
Consolidated
 
$
359,915
 
$
304,238
 
$
815,659
 
$
537,424
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditure:
 
 
 
 
 
 
 
 
 
 
 
 
 
Jinong
 
$
4,968,047
 
$
39,112,841
 
$
9,222,517
 
$
64,884,805
 
Gufeng
 
 
13,034
 
 
5,879
 
 
13,034
 
 
10,779
 
Yuxing
 
 
370,193
 
 
330,347
 
 
370,193
 
 
971,617
 
Consolidated
 
$
5,351,274
 
$
39,449,067
 
$
9,605,744
 
$
65,867,201
 
  
 
 
As of December 31,
 
As of June 30,
 
 
 
2014
 
2014
 
Identifiable assets:
 
 
 
 
 
 
 
Jinong
 
$
214,196,678
 
$
195,331,283
 
Gufeng
 
 
181,188,031
 
 
153,655,110
 
Yuxing
 
 
44,079,088
 
 
44,003,970
 
Reconciling item (1)
 
 
119,692
 
 
123,753
 
Reconciling item (2)
 
 
(2,667)
 
 
(3,906)
 
Consolidated
 
$
439,580,822
 
$
393,110,210
 
 
(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.