XML 52 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Reporting (Tables)
12 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Schedule of segment reporting information, by segment

    Years Ended June 30,  
    2018     2017  
Revenues from unaffiliated customers:            
Jinong   $ 97,722,842     $ 106,642,032  
Gufeng     112,983,573       104,446,239  
Yuxing     10,485,030       8,517,231  
Sales VIEs    

65,862,085

     

58,242,984

 
Consolidated   $

287,053,530

    $

277,848,486

 
                 
Operating income :                
Jinong   $ 23,471,811     $ 22,562,310  
Gufeng     10,151,272       8,286,761  
Yuxing     (506,077 )     (2,376,007  
Sales VIEs     (1,897,364 )    

5,412,132

 
Reconciling item (1)     0       0  
Reconciling item (2)     (1,417,855 )     (1,082,505 )
Reconciling item (3) --stock compensation     0       (1,282,079 )
Consolidated   $

29,801,787

    $

31,520,612

 

 

Net income:            
Jinong   $ 19,841,004     $ 18,699,889  
Gufeng     7,172,837       6,264,392  
Yuxing     (484,398 )     (2,375,961  
Sales VIEs     (2,700,288 )     4,925,927  
Reconciling item (1)     6       15  
Reconciling item (2)     (30,428,390 )     (2,364,598 )
Reconciling item (3)   $ (331,996 )   $    
Consolidated   $ (6,931,225 )   $ 25,152,153  
Depreciation and Amortization:                
Jinong   $ 1,720,419     $ 13,358,370  
Gufeng     2,246,657       2,302,047  
Yuxing     1,407,367       1,366,840  
Sales VIEs    

826,063

     

248,255

 
Consolidated   $

6,200,506

    $

17,275,512

 
 Interest expense:                
 Jinong     290,638          
Gufeng     377,593       290,126  
Yuxing     0       251,064  
Sales VIEs     (76,078 )     8,460  
Consolidated   $ 592,153     $ 549,650  
                 
Capital Expenditure:                
Jinong   $ 7,212     $ 9,582  
Gufeng     7,800       12,273  
Yuxing     5,448       6,210  
Sales VIEs     20,655       14,217  
Consolidated   $ 41,114     $ 42,283  

 

    As of  
    June 30,     June 30,  
    2018     2017  
Identifiable assets:            
Jinong   $ 226,335,489     $ 213,355,900  
Gufeng     168,572,947       156,648,924  
Yuxing     0       40,965,345  
Sales VIEs     87,567,782       42,441,466  
                 
Reconciling item (1)     512,622       142,919  
Reconciling item (2)     (2,879 )     (2,879 )
Consolidated   $ 482,985,960     $ 453,551,675  

 

(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.

 

(3) Reconciling amounts refer to the loss on discontinuing sales VIE of Shenqiu Zhenbai.