Segment Reporting

3 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 14 – SEGMENT REPORTING

As of September 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.

	Three Months Ended September 30,
	2024			2023
Revenues from unaffiliated customers:
Jinong	$	7,421,659		$	9,288,758
Gufeng		7,439,542			10,421,274
Yuxing		2,340,443			2,342,716
Antaeus		163,295			345,114
Consolidated	$	17,364,939		$	22,397,862
Operating income (expense):
Jinong	$	38,000		$	(145,123	)
Gufeng		(1,299,380	)		(1,219,882	)
Yuxing		253,564			154,682
Antaeus		(193,759	)		(30,496	)
Reconciling item (1)		(563,450	)		(545,088	)
Consolidated	$	(1,765,024	)	$	(1,785,907	)
Net income (loss):
Jinong	$	(19,642	)	$	(114,362	)
Gufeng		(1,335,699	)		(1,262,423	)
Yuxing		222,823			154,271
Antaeus		(146,257	)		(16,603	)
Reconciling item (1)		-			12
Reconciling item (2)		(563,450	)		(545,088	)
Consolidated	$	(1,842,225	)	$	(1,784,193	)
Depreciation and Amortization:
Jinong	$	193,433		$	189,307
Gufeng		182,146			182,340
Yuxing		190,475			185,225
Antaeus		144,350			100,087
Consolidated	$	710,404		$	656,959
Interest expense:
Jinong		41,201			25,128
Gufeng		36,218			42,426
Yuxing		27,564			-
Antaeus		-			-
Consolidated	$	104,983		$	67,554
Capital Expenditure:
Jinong	$	47,610		$	743
Gufeng		-			-
Yuxing		629			3,684
Antaeus		-			1,502,600
Consolidated	$	48,239		$	1,507,027

	As of
	September 30,		June 30,
	2024		2024
Identifiable assets:
Jinong	$	70,105,385	$	72,411,611
Gufeng		39,941,561		39,063,187
Yuxing		44,788,138		40,535,883
Antaeus		1,480,257		1,612,177
Reconciling item (1)		15,139,641		9,454,754
Reconciling item (2)		169,071		169,071
Consolidated	$	171,624,052	$	163,246,683

(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.