XML 55 R36.htm IDEA: XBRL DOCUMENT
v3.24.3

Segment Reporting (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | 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.
|  | Years Ended June 30, |
|  | 2024 |  |  | 2023 |
Revenues from unaffiliated customers: |  |  |  |  |  |
Jinong |  | $ | 32,954,490 |  |  | $ | 40,247,303 |
Gufeng |  |  | 52,189,666 |  |  |  | 74,028,542 |
Yuxing |  |  | 9,416,450 |  |  |  | 9,654,168 |
Antaeus |  |  | 1,285,181 |  |  |  | 210,342 |
Consolidated |  | $ | 95,845,788 |  |  | $ | 124,140,355 |
Operating income (expense): |  |  |  |  |  |  |  |
Jinong |  | $ | (3,038,010 | ) |  | $ | (4,411,893 | )
Gufeng |  |  | (19,059,750 | ) |  |  | (6,062,353 | )
Yuxing |  |  | (893,515 | ) |  |  | 499,479 |
Antaeus |  |  | (2,004,936 | ) |  |  | (465,560 | )
Reconciling item (1) |  |  | - |  |  |  | - |
Reconciling item (2) |  |  | (3,854,945 | ) |  |  | (3,173,033 | )
Consolidated |  | $ | (28,851,155 | ) |  | $ | (13,613,360 | )
Net (loss) income: |  |  |  |  |  |
Jinong |  | $ | (2,983,399 | ) |  | $ | (4,224,927 | )
Gufeng |  |  | (19,219,575 | ) |  |  | (6,280,625 | )
Yuxing |  |  | (802,575 | ) |  |  | 763,512 |
Antaeus |  |  | (1,544,831 | ) |  |  | (367,988 | )
Reconciling item (1) |  |  | 12 |  |  |  | 1,077 |
Reconciling item (2) |  | $ | (3,854,947 | ) |  | $ | (3,173,034 | )
Consolidated |  | $ | (28,405,315 | ) |  | $ | (13,281,985 | )
Depreciation and Amortization: |  |  |  |  |  |  |  |
Jinong |  | $ | 764,684 |  |  | $ | 785,503 |
Gufeng |  |  | 730,516 |  |  |  | 761,466 |
Yuxing |  |  | 750,476 |  |  |  | 839,514 |
Antaeus |  |  | 475,477 |  |  |  | 16,667 |
Consolidated |  | $ | 2,721,154 |  |  | $ | 2,403,150 |
Interest expense: |  |  |  |  |  |  |  |
Jinong |  |  | 126,395 |  |  |  | 78,342 |
Gufeng |  |  | 165,791 |  |  |  | 217,462 |
Yuxing |  |  | - |  |  |  | - |
Antaeus |  |  | - |  |  |  | - |
Consolidated |  | $ | 292,186 |  |  | $ | 295,804 |
Capital Expenditure: |  |  |  |  |  |  |  |
Jinong |  | $ | 53,702 |  |  | $ | 52,664 |
Gufeng |  |  | 180 |  |  |  | 216,892 |
Yuxing |  |  | 106,280 |  |  |  | 101,837 |
Antaeus |  |  | 1,502,600 |  |  |  | 1,000,000 |
Consolidated |  | $ | 1,662,763 |  |  | $ | 1,371,393 |
|  | As of |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |
Identifiable assets: |  |  |  |  |  |
Jinong |  | $ | 72,411,611 |  |  | $ | 87,862,836 |
Gufeng |  |  | 39,063,187 |  |  |  | 49,749,041 |
Yuxing |  |  | 40,535,883 |  |  |  | 38,223,482 |
Antaeus |  |  | 1,612,177 |  |  |  | 3,292,247 |
Reconciling item (1) |  |  | 9,454,754 |  |  |  | 7,387,637 |
Reconciling item (2) |  |  | 169,071 |  |  |  | 166,121 |
Consolidated |  | $ | 163,246,683 |  |  | $ | 186,681,364 |
(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.

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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