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Segment Reporting | 3 Months Ended
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Sep. 30, 2016
Segment Reporting [Abstract] |
SEGMENT REPORTING | NOTE 13 – SEGMENT REPORTING As of September 30, 2016, 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). As of June 30, 2016, with the acquisition of the VIE Companies, the Company added a new distribution segment. 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, |
|  | 2016 |  |  | 2015 |
Revenues from unaffiliated customers: |  |  |
Jinong |  | $ | 31,427,720 |  |  | $ | 34,707,804 |
Gufeng |  |  | 15,809,514 |  |  |  | 18,234,832 |
Yuxing |  |  | 1,355,411 |  |  |  | 1,241,635 |
VIEs |  |  | 13,291,977 |  |  |  | 0 |
Consolidated |  | $ | 61,884,622 |  |  | $ | 54,184,271 |
Operating income : |  |  |  |  |  |  |  |
Jinong |  | $ | 6,379,220 |  |  | $ | 7,955,654 |
Gufeng |  |  | 1,085,083 |  |  |  | 2,609,953 |
Yuxing |  |  | 157,030 |  |  |  | 406,297 |
VIEs |  |  | 1,803,480 |  |  |  | 0 |
Reconciling item (1) |  |  | 0 |  |  |  | 0 |
Reconciling item (2) |  |  | 0 |  |  |  | (517,360 | )
Reconciling item (2)--stock compensation |  |  | (346,122 | ) |  |  | (1,076,494 | )
Consolidated |  | $ | 9,078,691 |  |  | $ | 9,378,050 |
Net income: |  |  |  |  |  |  |  |
Jinong |  | $ | 5,346,288 |  |  | $ | 6,812,851 |
Gufeng |  |  | 716,486 |  |  |  | 1,620,367 |
Yuxing |  |  | 157,080 |  |  |  | 406,285 |
VIEs |  |  | 1,477,848 |  |  |  | 0 |
Reconciling item (1) |  |  | 0 |  |  |  | 24 |
Reconciling item (2) |  |  | (346,122 | ) |  |  | (1,593,855 | )
Consolidated |  | $ | 7,351,580 |  |  | $ | 7,245,672 |
Depreciation and Amortization: |  |  |  |  |  |  |  |
Jinong |  | $ | 6,313,089 |  |  | $ | 9,933,982 |
Gufeng |  |  | 627,309 |  |  |  | 745,595 |
Yuxing |  |  | 313,916 |  |  |  | 343,308 |
VIEs |  |  | 126,132 |  |  |  | 0 |
Consolidated |  | $ | 7,380,446 |  |  | $ | 11,022,885 |
Interest expense: |  |  |  |  |  |  |  |
Jinong |  |  | 57,373 |  |  |  |  |
Gufeng |  |  | 60,133 |  |  |  | 429,035 |
Consolidated |  | $ | 117,506 |  |  | $ | 429,035 |
Capital Expenditure: |  |  |  |  |  |  |  |
Jinong |  | $ | 1,222 |  |  | $ | 0 |
Gufeng |  |  | 4,443 |  |  |  | 1,787 |
Yuxing |  |  | 555 |  |  |  | 803 |
VIEs |  |  | 0 |  |  |  | 0 |
Consolidated |  | $ | 6,220 |  |  | $ | 2,590 |
|  | As of |
|  | September 30, 2016 |  |  | June 30, 2016 |
Identifiable assets: |  |  |  |  |  |
Jinong |  | $ | 195,887,186 |  |  | $ | 198,599,977 |
Gufeng |  |  | 148,145,160 |  |  |  | 149,891,328 |
Yuxing |  |  | 43,194,663 |  |  |  | 45,448,157 |
VIEs |  |  | 24,984,117 |  |  |  | 24,675,499 |
Reconciling item (1) |  |  | 235,008 |  |  |  | 170,444 |
Reconciling item (2) |  |  | (2,878 | ) |  |  | (2,878 | )
Consolidated |  | $ | 412,443,256 |  |  | $ | 418,782,527 |
(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 The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
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