Segment Reporting

12 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 14 – SEGMENT REPORTING

As of June 30, 2024, the Company was organized into four main business segments based on location and product: Jinong (fertilizer production), Gufeng (fertilizer production), Yuxing (agricultural products production), and Antaeus (Bitcoin). 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,
	2024			2023
Revenues from unaffiliated customers:
Jinong	$	32,954,490		$	40,247,303
Gufeng		52,189,666			74,028,542
Yuxing		9,416,450			9,654,168
Antaeus		1,285,181			210,342
Consolidated	$	95,845,788		$	124,140,355
Operating income (expense):
Jinong	$	(3,038,010	)	$	(4,411,893	)
Gufeng		(19,059,750	)		(6,062,353	)
Yuxing		(893,515	)		499,479
Antaeus		(2,004,936	)		(465,560	)
Reconciling item (1)		-			-
Reconciling item (2)		(3,854,945	)		(3,173,033	)
Consolidated	$	(28,851,155	)	$	(13,613,360	)

Net (loss) income:
Jinong	$	(2,983,399	)	$	(4,224,927	)
Gufeng		(19,219,575	)		(6,280,625	)
Yuxing		(802,575	)		763,512
Antaeus		(1,544,831	)		(367,988	)
Reconciling item (1)		12			1,077
Reconciling item (2)	$	(3,854,947	)	$	(3,173,034	)
Consolidated	$	(28,405,315	)	$	(13,281,985	)
Depreciation and Amortization:
Jinong	$	764,684		$	785,503
Gufeng		730,516			761,466
Yuxing		750,476			839,514
Antaeus		475,477			16,667
Consolidated	$	2,721,154		$	2,403,150
Interest expense:
Jinong		126,395			78,342
Gufeng		165,791			217,462
Yuxing		-			-
Antaeus		-			-
Consolidated	$	292,186		$	295,804
Capital Expenditure:
Jinong	$	53,702		$	52,664
Gufeng		180			216,892
Yuxing		106,280			101,837
Antaeus		1,502,600			1,000,000
Consolidated	$	1,662,763		$	1,371,393

	As of
	June 30,		June 30,
	2024		2023
Identifiable assets:
Jinong	$	72,411,611	$	87,862,836
Gufeng		39,063,187		49,749,041
Yuxing		40,535,883		38,223,482
Antaeus		1,612,177		3,292,247
Reconciling item (1)		9,454,754		7,387,637
Reconciling item (2)		169,071		166,121
Consolidated	$	163,246,683	$	186,681,364

(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, 2024 and 2023, respectively.