Segment Reporting

3 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 14 – SEGMENT REPORTING

The Company is organized into four main business segments, based on location and product: Jinong (fertilizer production), Gufeng (fertilizer production), Yuxing (agricultural products production) and the sales VIEs. 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,
Revenues from unaffiliated customers:	2019			2018
Jinong	$	19,054,816		$	22,496,533
Gufeng		16,323,217			17,473,251
Yuxing		2,539,711			2,387,546
Sales VIEs		12,903,827			15,597,474
Consolidated	$	50,821,571		$	57,954,804
Operating income :
Jinong	$	578,043		$	6,928,090
Gufeng		(11,500,258	)		1,609,052
Yuxing		154,678			193,177
Sales VIEs		4,293,317			2,631,299
Reconciling item (1)		0			0
Reconciling item (2)		(338,680	)		(621,764	)
Consolidated	$	(6,812,900	)	$	10,739,854
Net income:
Jinong	$	524,101		$	5,900,016
Gufeng		(11,511,954	)		1,120,344
Yuxing		154,555			193,178
Sales VIEs		3,868,486			2,420,029
Reconciling item (1)		6			2
Reconciling item (2)		(338,680	)		(621,766	)
Reconciling item (3)		(12,315	)
Consolidated	$	(7,315,800	)	$	9,011,805
Depreciation and Amortization:
Jinong	$	191,078		$	198,258
Gufeng		520,335			536,619
Yuxing		295,654			304,818
Sales VIEs		181,123			186,806
Consolidated	$	1,188,190		$	1,226,500
Interest expense:
Jinong		6,412			69,442
Gufeng		70,789			93,122
Sales VIEs		1			123
Consolidated	$	77,202		$	162,686
Capital Expenditure:
Jinong	$	4,578		$	3,036
Gufeng		0			26,988
Yuxing		6,823			1,249
Consolidated	$	11,401		$	31,273

	As of
	September 30,			June 30,
	2019			2019
Identifiable assets:
Jinong	$	156,085,819		$	149,166,251
Gufeng		227,464,880			253,149,321
Yuxing		34,138,271			35,900,242
Sales VIEs		44,865,318			42,269,307
Reconciling item (1)		547,012			518,158
Reconciling item (2)		(2,879	)		(2,879	)
Consolidated	$	463,098,420		$	481,000,399

(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.