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Segment Reporting
 6 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 15 – SEGMENT REPORTING


The Company is organized into four main business segments, based on location and product: Jinong (fertilizer production), Gufeng (fertilizer production), Yuxing (agricultural products production) and the sales VIEs. 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 (expense) and net income (loss) 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 (loss) by segment.


   Three Months
Ended		   Three Months
Ended		   Six Months
Ended		   Six Months
Ended		 
   December 31, 2020   December 31, 2019   December 31,
2020		   December 31,
2019		 
Revenues from unaffiliated customers:                
Jinong  $14,901,875   $14,521,485   $29,431,187   $33,576,301 
Gufeng   22,436,394    22,266,549    38,264,597    38,589,766 
Yuxing   2,682,195    2,461,510    5,105,683    5,001,221 
Sales VIEs   8,320,878    10,315,465    19,698,107    23,219,292 
Consolidated  $48,341,342   $49,565,009   $92,499,574   $100,386,580 
                     
Operating income (loss):                    
Jinong  $(6,822,917)  $(6,345,818)  $(5,064,240)  $(5,767,775)
Gufeng   (29,684,059)   (21,628,851)   (60,820,293)   (33,129,109)
Yuxing   151,213    141,271    288,426    295,949 
Sales VIEs   (1,592,608)   547,915    (1,240,771)   4,841,232 
Reconciling item (1)   -    -    -    - 
Reconciling item (2)   455,876    (512,534)   -    (851,214)
Consolidated  $(37,492,495)  $(27,798,017)  $(66,836,878)  $(34,610,917)
                     
Net income (loss):                    
Jinong  $(6,808,850)  $(5,381,542)  $(5,290,807)  $(4,857,441)
Gufeng   (29,815,966)   (21,682,935)   (61,009,636)   (33,194,889)
Yuxing   167,650    140,943    304,559    295,498 
Sales VIEs   (1,702,737)   355,224    (1,734,009)   4,223,710 
Reconciling item (1)   2    1    2    7 
Reconciling item (2)   (1,876,485)   (512,534)   (3,246,858)   (851,214)
Reconciling item (3)   (277)   (36)   (12,827)   (12,350)
Consolidated  $(40,036,663)  $(27,080,879)  $(70,989,577)  $(34,396,679)
                     
Depreciation and Amortization:                    
Jinong  $202,293   $190,770   $394,871   $381,848 
Gufeng   303,556    516,523    608,667    1,036,858 
Yuxing   311,775    293,996    610,571    589,649 
Sales VIEs   129,414    180,739    253,363    361,862 
Consolidated  $947,039   $1,182,028   $1,867,471   $2,370,218 
                     
Interest expense:                    
Jinong   -    19,188    -    25,600 
Gufeng   67,185    68,204    123,953    138,993 
Yuxing   -    -    -    - 
Sales VIEs   -    (77,098)   -    (77,097)
Consolidated  $67,185   $10,294   $123,953   $87,496 
                     
Capital Expenditure:                    
Jinong  $53,381   $20,371   $57,048   $24,949 
Gufeng   18,308    -    35,753    - 
Yuxing   -    18,762    -    25,585 
Sales VIEs   -    -    -    - 
Consolidated  $71,689   $39,132   $92,801   $50,533 

   As of 
   December 31,   June 30, 
   2020   2020 
Identifiable assets:          
Jinong  $84,809,661   $83,055,679 
Gufeng   167,150,529    213,038,203 
Yuxing   37,626,582    34,310,053 
Sales VIEs   46,392,824    44,715,491 
Reconciling item (1)   (35,572,923)   (33,157,364)
Reconciling item (2)   166,121    166,121 
Consolidated  $300,572,794   $342,128,183 

(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.