XML 32 R19.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segment Reporting
 6 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 14 – SEGMENT REPORTING

 

As of December 31, 2024, the Company was organized into four main business segments based on location and product: Jinong (fertilizer production), Gufeng (fertilizer production), Yuxing (agricultural products production) and Antaeus (Bitcoin). 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		   Three Months
Ended		   Six Months
Ended		   Six Months
Ended		 
   December 31,
2024		   December 31,
2023		   December 31,
2024		   December 31,
2023		 
Revenues from unaffiliated customers:                
Jinong  $6,163,722   $6,811,640   $13,585,381   $16,100,398 
Gufeng   5,753,312    8,209,157    13,192,854    18,630,431 
Yuxing   2,412,652    2,452,187    4,753,095    4,794,903 
Antaeus   18,452    327,130    181,746    672,244 
Consolidated  $14,348,138   $17,800,114   $31,713,076   $40,197,976 
                     
Operating loss:                    
Jinong  $(3,366,133)  $(360,423)  $(3,328,133)  $(505,546)
Gufeng   (1,079,878)   (1,873,590)   (2,379,258)   (3,093,472)
Yuxing   186,443    (1,299,044)   440,007    (1,144,362)
Antaeus   (50,803)   (63,521)   (244,562)   (94,017)
Reconciling item (1)   (482,234)   (1,793,605)   (1,045,684)   (2,338,693)
Consolidated  $(4,792,605)  $(5,390,183)  $(6,557,630)  $(7,176,090)
                     
Net loss:                    
Jinong  $(3,312,811)  $(316,024)  $(3,332,453)  $(430,386)
Gufeng   (1,401,526)   (1,917,160)   (2,737,225)   (3,179,583)
Yuxing   103,022    (1,298,291)   325,845    (1,144,020)
Antaeus   (39,098)   (44,923)   (185,355)   (61,526)
Reconciling item (1)   
-
    
-
    
-
    12 
Reconciling item (2)   (482,236)   (1,793,605)   (1,045,685)   (2,338,693)
                     
Consolidated  $(5,132,650)  $(5,370,003)  $(6,974,874)  $(7,154,196)
                     
Depreciation and amortization:                    
Jinong  $193,072   $190,510   $386,504   $379,817 
Gufeng   184,254    183,271    366,401    365,611 
Yuxing   189,608    186,417    380,083    371,642 
Antaeus   48,117    125,130    192,466    225,217 
Consolidated  $615,050   $685,328   $1,325,454   $1,342,287 
                     
Interest expense:                    
Jinong  $34,581   $30,388   $75,782   $55,516 
Gufeng   38,989    43,425    75,207    85,851 
Yuxing   47,619    
-
    75,183    
-
 
Antaeus   
-
    
-
    
-
    
-
 
Consolidated  $121,189   $73,813   $226,172   $141,367 
                     
Capital expenditure:                    
Jinong  $9,469   $41,081   $57,079   $41,823 
Gufeng   
-
    
-
    
-
    
-
 
Yuxing   187,341    59,056    187,970    62,740 
Antaeus   
-
    -    
-
    1,502,600 
Consolidated  $196,809   $100,137   $245,048   $1,607,163 
   As of 
   December 31,   June 30, 
   2024   2024 
Identifiable assets:        
Jinong  $64,115,447   $72,411,611 
Gufeng   38,305,081    39,063,187 
Yuxing   43,430,875    40,535,883 
Antaeus   1,470,221    1,612,177 
Reconciling item (1)   14,940,333    9,454,754 
Reconciling item (2)   169,071    169,071 
Consolidated  $162,431,027   $163,246,683 

 

(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.