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SEGMENT REPORTING (Tables) | 12 Months Ended
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Jun. 30, 2013
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
The Company was organized into four main business segments based on location and product: Jinong (fertilizer production), Gufeng (fertilizer production), Jintai (agricultural products production) and Yuxing (agricultural products production). 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. Jintai is in the process of combining with Yuxing.
|  | Years ended June 30, |
|  | 2013 |  | 2012 |  | 2011 |
Revenues from unaffiliated customers: |  |  |  |  |  |  |  |  |  |
Jinong |  | $ | 110,585,022 |  | $ | 88,168,740 |  | $ | 65,629,265 |
Gufeng |  |  | 102,915,414 |  |  | 121,480,943 |  |  | 107,081,018 |
Jintai |  |  | - |  |  | 5,792,002 |  |  | 6,826,933 |
Yuxing |  |  | 3,397,520 |  |  | 2,082,520 |  |  | 180,750 |
Consolidated |  | $ | 216,897,956 |  | $ | 217,524,205 |  | $ | 179,717,966 |
Operating income : |  |  |  |  |  |  |  |  |  |
Jinong |  | $ | 44,036,878 |  | $ | 43,636,915 |  | $ | 34,051,094 |
Gufeng |  |  | 15,322,045 |  |  | 18,211,687 |  |  | 15,288,871 |
Jintai |  |  | - |  |  | (1,863,529) |  |  | (96,343) |
Yuxing |  |  | (32,265) |  |  | (352,996) |  |  | (296,832) |
Reconciling item (1) |  |  | - |  |  | - |  |  | - |
Reconciling item (2) |  |  | (840,511) |  |  | (2,482,232) |  |  | (3,230,124) |
Reconciling item (2)—stock compensation |  |  | (3,100,685) |  |  | (3,224,835) |  |  | (3,605,235) |
Consolidated |  | $ | 55,385,462 |  | $ | 53,925,010 |  | $ | 42,111,431 |
Net income: |  |  |  |  |  |  |  |  |  |
Jinong |  | $ | 37,682,986 |  | $ | 37,363,672 |  | $ | 29,139,457 |
Gufeng |  |  | 10,498,393 |  |  | 12,335,102 |  |  | 10,995,984 |
Jintai |  |  | - |  |  | (1,863,235) |  |  | (96,244) |
Yuxing |  |  | 533,722 |  |  | (170,996) |  |  | (293,914) |
Reconciling item (1) |  |  | 142 |  |  | 347 |  |  | 4,178 |
Reconciling item (2) |  |  | (3,941,195) |  |  | (5,707,065) |  |  | (6,835,360) |
Consolidated |  | $ | 44,774,048 |  | $ | 41,957,825 |  | $ | 32,914,101 |
Depreciation and Amortization: |  |  |  |  |  |  |  |  |  |
Jinong |  | $ | 10,065,656 |  | $ | 2,347,530 |  | $ | 2,686,524 |
Gufeng |  |  | 3,298,983 |  |  | 2,878,037 |  |  | 2,711,483 |
Jintai |  |  | 0 |  |  | 128,563 |  |  | 124,139 |
Yuxing |  |  | 1,399,407 |  |  | 638,736 |  |  | 226,112 |
Consolidated |  | $ | 14,764,046 |  | $ | 5,992,866 |  | $ | 5,748,258 |
Interest expense: |  |  |  |  |  |  |  |  |  |
Gufeng |  |  | 1,351,157 |  |  | 1,590,620 |  |  | 466,912 |
Consolidated |  | $ | 1,351,157 |  | $ | 1,590,620 |  | $ | 466,912 |
Capital Expenditure: |  |  |  |  |  |  |  |  |  |
Jinong |  | $ | 31,337,204 |  | $ | 7,935,098 |  | $ | 6,492,775 |
Gufeng |  |  | 7,422 |  |  | - |  |  | 8,229,092 |
Jintai |  |  | - |  |  | - |  |  | 3,291 |
Yuxing |  |  | 1,037,272 |  |  | 3,948,849 |  |  | 11,521,005 |
Consolidated |  | $ | 32,381,898 |  | $ | 11,883,947 |  | $ | 26,246,163 |
|  | As of December 31, |
|  | 2013 |  | 2012 |
Identifiable assets: |  |  |  |  |  |  |
Jinong |  | $ | 197,232,555 |  | $ | 221,575,406 |
Gufeng |  |  | 108,409,694 |  |  | 57,657,305 |
Jintai |  |  | - |  |  | 6,670,058 |
Yuxing |  |  | 43,021,886 |  |  | 1,851,745 |
Reconciling item (1) |  |  | 68,113 |  |  | 280,445 |
Reconciling item (2) |  |  | (3,906) |  |  | (3,906) |
Consolidated |  | $ | 348,728,342 |  | $ | 288,031,053 |
(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.
Export [Member] |
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
Total revenues from exported products currently account for approximately 14.7%, 15.0% and 22% of our total fertilizer revenues in fiscal 2013, 2012 and 2011, respectively.
FY 2013 Export Details |
Exported to |  | Subsidiary |  | Type |  | Amount |
India |  | Gufeng |  | 40% humic acid organic/inorganic fertilizer |  | $ | - |
India |  | Jinong |  | Liquid fertilizer |  |  | 174,150 |
India |  | Jinong |  | Solid fertilizer |  |  | 158,791 |
|  |  |  |  |  | $ | 332,941 |
FY 2012 Export Details |
Exported to |  | Subsidiary |  | Type |  | Amount |
India |  | Gufeng |  | 40% humic acid organic/inorganic fertilizer |  | $ | 31,330,724 |
India |  | Jinong |  | Liquid fertilizer |  |  | 77,576 |
India |  | Jinong |  | Solid fertilizer |  |  | 60,538 |
Ghana |  | Jinong |  | Liquid fertilizer |  |  | 75,984 |
|  |  |  |  |  | $ | 31,544,822 |
FY 2011 Export Details |
Exported to |  | Subsidiary |  | Type |  | Amount |
India |  | Gufeng |  | Blended compound fertilizer |  | $ | 40,835,834 |
India |  | Jinong |  | Liquid fertilizer |  |  | 42,581 |
India |  | Jinong |  | Solid fertilizer |  |  | 38,479 |
Ecuador |  | Jinong |  | Liquid fertilizer |  |  | 3,740 |
Surimam |  | Jinong |  | Liquid fertilizer |  |  | 1,159 |
|  |  |  |  |  | $ | 40,921,793 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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