Segment Reporting

12 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 14 – SEGMENT REPORTING

As of June 30, 2016, 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). As of June 30, 2016, with the acquisition of the VIE Companies, the Company added a new distribution segment. 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.

	Years Ended June 30,
Revenues from unaffiliated customers:	2016			2015
Jinong	$	125,716,937		$	130,355,168
Gufeng		134,661,420			128,675,606
Yuxing		8,406,663			4,323,514
Consolidated	$	268,785,020		$	263,354,288
Operating income :
Jinong	$	22,942,976		$	27,569,969
Gufeng		13,952,983			20,063,568
Yuxing		1,464,728			640,367
Reconciling item (1)		0			0
Reconciling item (2)		(1,648,240	)		(1,580,963	)
Reconciling item (2)--stock compensation		(4,120,528	)		(4,980,017	)
Consolidated	$	32,591,919		$	41,712,924

Net income:
Jinong	$	19,637,155		$	23,489,740
Gufeng		9,364,364			13,764,794
Yuxing		1,471,412			751,372
Reconciling item (1)		30			200
Reconciling item (2)		(5,768,768	)		(6,560,980	)
Consolidated	$	24,704,193		$	31,445,126
Depreciation and Amortization:
Jinong	$	35,924,393		$	42,861,786
Gufeng		2,920,960			3,319,329
Yuxing		1,465,836			1,528,408
Consolidated	$	40,311,189		$	47,709,523
Interest expense:
Gufeng		995,959			1,712,639
Consolidated	$	995,959		$	1,712,639
Capital Expenditure:
Jinong	$	7,894		$	9,266,682
Gufeng		3,239			13,595
Yuxing		8,059			405,401
Consolidated	$	19,192		$	9,685,678

	As of
	June 30,			June 30,
	2016			2015
Identifiable assets:
Jinong	$	198,599,977		$	219,259,401
Gufeng		149,891,328			165,267,975
Yuxing		45,448,157			44,745,889
Distribution		24,675,497			0
Reconciling item (1)		170,444			312,198
Reconciling item (2)		(2,876	)		(2,845	)
Consolidated	$	418,782,527		$	429,582,618

(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.

Total revenues from exported products currently accounted for less than 1% of the Company’s total fertilizer revenues for the years ended June 30, 2016 and 2015, respectively.