Segment Reporting

3 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 13 – SEGMENT REPORTING

As of September 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.

	Three Months Ended  September 30,
	2016			2015
Revenues from unaffiliated customers:
Jinong	$	31,427,720		$	34,707,804
Gufeng		15,809,514			18,234,832
Yuxing		1,355,411			1,241,635
VIEs		13,291,977			0
Consolidated	$	61,884,622		$	54,184,271
Operating income :
Jinong	$	6,379,220		$	7,955,654
Gufeng		1,085,083			2,609,953
Yuxing		157,030			406,297
VIEs		1,803,480			0
Reconciling item (1)		0			0
Reconciling item (2)		0			(517,360	)
Reconciling item (2)--stock compensation		(346,122	)		(1,076,494	)
Consolidated	$	9,078,691		$	9,378,050
Net income:
Jinong	$	5,346,288		$	6,812,851
Gufeng		716,486			1,620,367
Yuxing		157,080			406,285
VIEs		1,477,848			0
Reconciling item (1)		0			24
Reconciling item (2)		(346,122	)		(1,593,855	)
Consolidated	$	7,351,580		$	7,245,672
Depreciation and Amortization:
Jinong	$	6,313,089		$	9,933,982
Gufeng		627,309			745,595
Yuxing		313,916			343,308
VIEs		126,132			0
Consolidated	$	7,380,446		$	11,022,885
Interest expense:
Jinong		57,373
Gufeng		60,133			429,035
Consolidated	$	117,506		$	429,035
Capital Expenditure:
Jinong	$	1,222		$	0
Gufeng		4,443			1,787
Yuxing		555			803
VIEs		0			0
Consolidated	$	6,220		$	2,590

	As of
	September 30,  2016			June 30,  2016
Identifiable assets:
Jinong	$	195,887,186		$	198,599,977
Gufeng		148,145,160			149,891,328
Yuxing		43,194,663			45,448,157
VIEs		24,984,117			24,675,499
Reconciling item (1)		235,008			170,444
Reconciling item (2)		(2,878	)		(2,878	)
Consolidated	$	412,443,256		$	418,782,527

(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.