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SEGMENT REPORTING (Tables) | 3 Months Ended
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Sep. 30, 2013
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | As of September 30, 2013, the Company was organized into three main business segments based on location and product: Jinong (fertilizer production), Gufeng (fertilizer production), and Yuxing (agricultural products production). Each of the three 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’s business is in the migrating process into Yuxing’s.
|  | Three months ended September 30, |
|  | 2013 |  | 2012 |
Revenues from unaffiliated customers: |  |  |  |  |  |  |
Jinong |  | $ | 31,762,002 |  | $ | 27,850,976 |
Gufeng |  |  | 17,756,082 |  |  | 10,936,971 |
Yuxing |  |  | 785,263 |  |  | 724,793 |
Consolidated |  | $ | 50,303,347 |  | $ | 39,512,740 |
Operating income : |  |  |  |  |  |  |
Jinong |  | $ | 11,861,728 |  | $ | 11,611,611 |
Gufeng |  |  | 3,677,606 |  |  | 688,639 |
Yuxing |  |  | 103,646 |  |  | 62,129 |
Reconciling item (1) |  |  | - |  |  | - |
Reconciling item (2) |  |  | (324,764) |  |  | (602,138) |
Reconciling item (2)—stock compensation |  |  | (1,984,494) |  |  | (736,897) |
Consolidated |  | $ | 13,333,722 |  | $ | 11,023,344 |
Net income: |  |  |  |  |  |  |
Jinong |  | $ | 10,088,808 |  | $ | 9,937,597 |
Gufeng |  |  | 2,495,095 |  |  | 207,670 |
Yuxing |  |  | 103,810 |  |  | 55,092 |
Reconciling item (1) |  |  | - |  |  | 75 |
Reconciling item (2) |  |  | (2,309,256) |  |  | (1,339,034) |
Consolidated |  | $ | 10,378,457 |  | $ | 8,861,400 |
Depreciation and Amortization: |  |  |  |  |  |  |
Jinong |  | $ | 4,608,681 |  | $ | 2,035,853 |
Gufeng |  |  | 731,201 |  |  | 845,363 |
Yuxing |  |  | 326,960 |  |  | 313,465 |
Consolidated |  | $ | 5,666,842 |  | $ | 3,194,681 |
Interest expense: |  |  |  |  |  |  |
Gufeng |  |  | 233,186 |  |  | 385,792 |
Consolidated |  | $ | 233,186 |  | $ | 385,792 |
Capital Expenditure: |  |  |  |  |  |  |
Jinong |  | $ | - |  | $ | 4,343,939 |
Gufeng |  |  | 4,900 |  |  | 46,153 |
Yuxing |  |  | 641,270 |  |  | 202,718 |
Consolidated |  | $ | 646,170 |  | $ | 4,592,810 |
|  | As of |  | As of |
|  | September 30, |  | June 30, |
|  | 2013 |  | 2013 |
Identifiable assets: |  |  |  |  |  |  |
Jinong |  | $ | 201,966,317 |  | $ | 197,232,555 |
Gufeng |  |  | 117,870,517 |  |  | 108,409,694 |
Yuxing |  |  | 44,077,076 |  |  | 43,021,886 |
Reconciling item (1) |  |  | 116,166 |  |  | 68,113 |
Reconciling item (2) |  |  | (3,906) |  |  | (3,906) |
Consolidated |  | $ | 364,026,170 |  | $ | 348,728,342 |
(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.

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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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