XML 34 R20.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Commitments and Contingencies | 3 Months Ended
--- | ---
Sep. 30, 2017
Commitments and Contingencies [Abstract] |
COMMITMENTS AND CONTINGENCIES | NOTE 15 – COMMITMENTS AND CONTINGENCIES On June 29, 2016, Jinong renewed an office lease with Kingtone Information. Pursuant to the lease, Jinong rented 612 square meters (approximately 6,588 square feet) of office space from Kingtone Information. The lease provided for a two-year term effective as of July 1, 2016 with monthly rent of $3,679 (approximately RMB 24,480). In January 2008, Jintai signed a ten-year land lease with Xi’an Jinong Hi-tech Agriculture Demonstration Zone for a monthly rent of $782 (RMB 5,200). In February 2004, Tianjuyuan signed a fifty-year lease with the village committee of Dong Gao Village and Zhen Nan Zhang Dai Village in the Beijing Ping Gu District, at a monthly rent of $445 (RMB 2,958). Accordingly, the Company recorded an aggregate of $14,716 and $14,679 as rent expenses from these committed property leases for the three-month periods ended September 30, 2017 and 2016, respectively. The contingent rent expenses herein for the next five twelve-month periods ended September 30, are as follows:
Years ending September 30, |  |  |
2018 |  | $ | 40,794 |
2019 |  |  | 5,335 |
2020 |  |  | 5,335 |
2021 |  |  | 5,335 |
2022 |  |  | 5,335 |

X
- References No definition available. + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for commitments and contingencies. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -URI http://asc.fasb.org/topic&trid=2127136 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration