Enlightify (ENFY) 10-Q 13 Nov 15 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2015	Nov. 06, 2015
Document Information [Line Items]
Entity Registrant Name	China Green Agriculture, Inc.
Entity Central Index Key	857,949
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Trading Symbol	CGA
Entity Common Stock, Shares Outstanding		36,936,088
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Current Assets
Cash and cash equivalents	$ 94,360,932	$ 92,982,564
Accounts receivable, net	67,400,965	68,528,598
Other receivable, net	0	0
Inventories	105,405,934	101,302,947
Prepaid expenses and other current assets	399,698	459,400
Advances to suppliers, net	69,212,954	40,910,837
Total Current Assets	336,780,483	304,184,346
Plant, Property and Equipment, Net	41,952,514	44,634,194
Other Receivables, Net of current portion	0	0
Deferred Asset, Net	39,914,570	51,527,209
Other Assets	155,599	185,480
Intangible Assets, Net	22,481,635	23,805,746
Goodwill	5,037,356	5,245,643
Total Assets	446,322,157	429,582,618
Current Liabilities
Accounts payable	2,873,268	2,372,130
Customer deposits	48,827,694	19,129,853
Accrued expenses and other payables	5,178,476	4,952,977
Amount due to related parties	2,021,273	2,068,102
Taxes payable	434,471	4,504,542
Short term loans	20,781,840	23,605,540
Total Current Liabilities	$ 80,117,022	$ 56,633,144
Commitment and Contingencies
Stockholders' Equity
Preferred Stock, $.001 par value, 20,000,000 shares authorized, zero shares issued and outstanding	$ 0	$ 0
Common stock, $.001 par value, 115,197,165 shares authorized, 36,928,413 and 35,905,198 shares issued and outstanding as of September 30, 2015 and June 30, 2015, respectively	36,928	35,905
Additional paid-in capital	124,481,589	123,360,384
Statutory reserve	25,763,051	25,030,688
Retained earnings	205,327,568	198,814,259
Accumulated other comprehensive income	10,595,999	25,708,238
Total Stockholders' Equity	366,205,135	372,949,474
Total Liabilities and Stockholders' Equity	$ 446,322,157	$ 429,582,618

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2015	Jun. 30, 2015
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	115,197,165	115,197,165
Common stock, shares issued	36,928,413	35,905,198
Common stock, shares, outstanding	36,928,413	35,905,198

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Sales
Net sales	$ 54,184,271	$ 51,301,790
Cost of goods sold
Cost of goods sold	29,996,109	26,628,356
Gross profit	24,188,162	24,673,434
Operating expenses
Selling expenses	2,343,755	735,637
Selling expenses - amortization of deferred asset	9,712,715	10,331,084
General and administrative expenses	2,753,642	3,119,632
Total operating expenses	14,810,112	14,186,353
Income from operations	9,378,050	10,487,081
Other income (expense)
Other income (expense)	(4,563)	41,955
Interest income	78,662	29,385
Interest expense	(429,035)	(455,744)
Total other income (expense)	(354,936)	(384,404)
Income before income taxes	9,023,114	10,102,677
Provision for income taxes	1,777,442	2,003,595
Net income	7,245,672	8,099,082
Other comprehensive income (loss)
Foreign currency translation gain (loss)	(15,112,239)	6,289
Comprehensive income (loss)	$ (7,866,567)	$ 8,105,371
Basic weighted average shares outstanding (in shares)	35,939,049	32,377,250
Basic net earnings per share (in dollars per share)	$ 0.20	$ 0.25
Diluted weighted average shares outstanding (in shares)	35,939,049	32,377,250
Diluted net earnings per share (in dollars per share)	$ 0.20	$ 0.25
Jinong [Member]
Sales
Net sales	$ 34,707,804	$ 34,464,165
Cost of goods sold
Cost of goods sold	14,540,385	13,380,623
Operating expenses
Income from operations	7,955,654	9,933,764
Other income (expense)
Net income	6,812,851	8,431,966
Gufeng [Member]
Sales
Net sales	18,234,832	15,986,074
Cost of goods sold
Cost of goods sold	14,745,674	12,599,185
Operating expenses
Income from operations	2,609,953	2,395,978
Other income (expense)
Interest expense	(429,035)	(455,744)
Net income	1,620,367	1,410,711
Yuxing [Member]
Sales
Net sales	1,241,635	851,551
Cost of goods sold
Cost of goods sold	710,050	648,548
Operating expenses
Income from operations	406,297	262,993
Other income (expense)
Net income	$ 406,285	$ 362,039

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net income	$ 7,245,672	$ 8,099,082
Adjustments to reconcile net income to net cash provided by operating activities
Issuance of common stock and stock options for compensation	1,122,228	1,475,164
Depreciation and amortization	11,022,885	11,749,194
Impairment of assets		0
Loss on disposal of property, plant and equipment	349	0
Changes in operating assets
Accounts receivable	(1,617,744)	13,714,334
Other current assets	42,097	(48,687)
Inventories	(8,249,452)	(25,081,049)
Advances to suppliers	(30,383,448)	(5,175,552)
Other assets	22,860	(22,310)
Changes in operating liabilities
Accounts payable	595,769	(565,539)
Customer deposits	30,922,425	11,163,038
Tax payables	(3,950,618)	2,011,259
Accrued expenses and other payables	283,090	111,790
Amount due to related parties	0	0
Net cash provided by operating activities	7,056,113	17,430,724
Cash flows from investing activities
Purchase of plant, property, and equipment	(2,590)	(231,115)
Proceeds from other receivables	0	1,963,830
Deferred assets	0	(4,291,918)
Net cash used in investing activities	(2,590)	(2,559,203)
Cash flows from financing activities
Proceeds from the sale of common stock	0	200,000
Proceeds from loans	3,192,000	4,869,000
Repayment of loans	(5,107,200)	(5,923,950)
Payment of dividends	0
Advance from related party	0	200,400
Net cash used in financing activities	(1,915,200)	(654,550)
Effect of exchange rate change on cash and cash equivalents	(3,759,955)	8,724
Net increase in cash and cash equivalents	1,378,368	14,225,695
Cash and cash equivalents, beginning balance	92,982,564	26,890,321
Cash and cash equivalents, ending balance	94,360,932	41,116,016
Supplement disclosure of cash flow information
Interest expense paid	429,035	455,744
Income taxes paid	$ 5,728,060	$ 0

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Nature of Operations [Text Block]	China Green Agriculture, Inc. (the “Company”, “Parent Company” or “Green Nevada”), through its subsidiaries, is engaged in the research, development, production, distribution and sale of humic acid-based compound fertilizer, compound fertilizer, blended fertilizer, organic compound fertilizer, slow-release fertilizers, highly-concentrated water-soluble fertilizers and mixed organic-inorganic compound fertilizer and the development, production and distribution of agricultural products, such as top-grade fruits, vegetables, flowers and colored seedlings. Unless the context indicates otherwise, as used in the notes to the financial statements of the Company, the following are the references herein of all the subsidiaries of the Company (i) Green Agriculture Holding Corporation (“Green New Jersey”), a wholly-owned subsidiary of Green Nevada incorporated in the State of New Jersey; (ii) Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (“Jinong”), a wholly-owned subsidiary of Green New Jersey organized under the laws of the PRC; (iii) Xi’an Hu County Yuxing Agriculture Technology Development Co., Ltd. (“Yuxing”), a Variable Interest Entity (“VIE”) in the PRC controlled by Jinong through contractual agreements; (iv) Beijing Gufeng Chemical Products Co., Ltd., a wholly-owned subsidiary of Jinong in the PRC (“Gufeng”), and (v) Beijing Tianjuyuan Fertilizer Co., Ltd., Gufeng’s wholly-owned subsidiary in the PRC (“Tianjuyuan”). The Company’s corporate structure as of September 30, 2015 is set forth in the diagram below: The unaudited consolidated financial statements were prepared by Company pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”). The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally present in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) were omitted pursuant to such rules and regulations. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K. The results for the three months ended September 30, 2015, are not necessarily indicative of the results to be expected for the year ending June 30, 2016.

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	NOTE 2 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Green New Jersey, Jinong, Gufeng, Tianjuyuan and VIE Yuxing. All significant inter-company accounts and transactions have been eliminated in consolidation. The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the amount of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. However, actual results could differ materially from those results. Cash and cash equivalents and concentration of cash For statement of cash flows purposes, the Company considers all cash on hand and in banks, certificates of deposit with state owned banks in the Peoples Republic of China (“PRC”) and banks in the United States, and other highly-liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents. The Company maintains large sums of cash in two banks in China. The aggregate cash in such accounts and on hand as of September 30, 2015 and June 30, 2015 was $94,241,733 and $92,676,188, respectively. There is no insurance securing these deposits in China over $81,850 (RMB 500,000). In addition, the Company also had $119,199 and $306,376 in cash in two banks in the United States as of September 30, 2015 and June 30, 2015, respectively, with $500,000 secured by the U.S. Federal Deposit Insurance Corporation. Cash overdraft as of balance sheet date will be reflected as liabilities in the balance sheet. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts. Deferred assets represent amounts that the distributors owed to the Company in their marketing efforts and developing standard stores to expand the Company’s products’ competitiveness and market shares. The amount owed to the Company to assist its distributors will be expensed over three years which is the term as stated in the cooperation agreement, as long as the distributors are actively selling the Company’s products. For the three months ended September 30, 2015 and 2014, the Company amortized $ 9,712,715 10,331,084 29,081,381 10,833,189 The deferred assets consist of items inside the distributors’ stores such as furniture, racks, cabinets, and display units, and items outside or attached to the distributors’ stores such as signage and billboards. These types of assets would be capitalized as fixed assets if the Company actually owned the stores or utilized the assets for its own operations. These assets would also be capitalized as leasehold improvements if the Company leased these stores from the distributors. Therefore, the Company believes that under the U.S. Generally Accepted Accounting Principles (G.A.A.P), these types of assets purchases are properly capitalized. In addition, the Company believes that these assets are properly classified as deferred assets because if a distributor breaches, defaults, or terminates the agreement with the Company within a three-year period, a proportionate amount expended by the Company is to be repaid by the distributor. The Chairman of the Board of Directors of the Company guaranteed to the Company of amounts remaining unpaid due from distributors. The assets inside the distributors’ stores are custom made to fit the layout of each individual store and the signage and billboards are also custom designed to fit the specific location. The assets were purchased by the Company directly from the manufacturers and installed in the distributors’ stores. The Company wants to maintain control over the quality of the items being purchased as well as making them uniform among all the distributor locations. Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards. The components of basic and diluted earnings per share consist of the following: Three Months Ended September 30, 2015 2014 Net Income for Basic Earnings Per Share $ 7,245,672 $ 8,099,082 Basic Weighted Average Number of Shares 35,939,049 32,377,250 Net Income Per Share – Basic $ 0.20 $ 0.25 Net Income for Diluted Earnings Per Share $ 7,245,672 $ 8,099,082 Diluted Weighted Average Number of Shares 35,939,049 32,377,250 Net Income Per Share – Diluted $ 0.20 $ 0.25 Certain reclassifications have been made to the prior year consolidated financial statements to conform to the 2015 consolidated financial statement presentation. Such reclassifications did not affect total revenues, operating income or net income or cash flows as previously reported. Recent accounting pronouncements FASB Accounting Standards Update No. 2014-09 In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (ASU 2014-09) FASB Accounting Standards Update No. 2015-01 In January 2015, the FASB issued Accounting Standards Update No. 2015-01, Income Statement – Extraordinary and Unusual items (Subtopic 225-20) FASB Accounting Standards Update No. 2015-02 In February, 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. FASB Accounting Standards Update No. 2015-14 In August, 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. FASB Accounting Standards Update No. 2015-16 In September, 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805). Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future financial statements.

INVENTORIES

INVENTORIES	3 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	NOTE 3 – INVENTORIES Inventories consisted of the following: September 30, June 30, 2015 2015 Raw materials $ 57,012,477 $ 48,294,614 Supplies and packing materials $ 601,818 $ 529,398 Work in progress $ 288,577 $ 348,670 Finished goods $ 47,503,062 $ 52,130,265 Total $ 105,405,934 $ 101,302,947

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	3 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 4 - PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following: September 30, June 30, 2015 2015 Building and improvements $ 39,370,396 $ 43,699,066 Auto 709,224 900,562 Machinery and equipment 25,000,033 23,173,209 Agriculture assets 800,083 833,165 Total property, plant and equipment 65,879,736 68,606,002 Less: accumulated depreciation (23,927,222) (23,971,808) Total $ 41,952,514 $ 44,634,194

INTANGIBLE ASSETS

INTANGIBLE ASSETS	3 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 5 - INTANGIBLE ASSETS September 30, June 30, 2015 2015 Land use rights, net $ 11,032,821 $ 11,554,776 Technology patent, net 180,781 251,008 Customer relationships, net 4,869,992 5,337,372 Trademarks 6,398,041 6,662,590 Total $ 22,481,635 $ 23,805,746 LAND USE RIGHT On September 25, 2009, Yuxing was granted a land use right for approximately 88 73,184,895 11,504,665 50 On August 13, 2003, Tianjuyuan was granted a certificate of Land Use Right for a parcel of land of approximately 11 1,045,950 164,423 50 On August 16, 2001, Jinong received a land use right as a contribution from a shareholder, which was granted by the People’s Government and Land & Resources Bureau of Yangling District, Shaanxi Province. The fair value of the related intangible asset at the time of the contribution was determined to be RMB 7,285,099 1,145,218 50 September 30, June 30, 2015 2015 Land use rights $ 12,814,306 $ 13,344,160 Less: accumulated amortization (1,781,485) (1,789,384) Total land use rights, net $ 11,032,821 $ 11,554,776 TECHNOLOGY PATENT On July 2, 2010, the Company acquired Gufeng and its wholly-owned subsidiary Tianjuyuan. The fair value on the acquired technology patent was estimated to be RMB 9,200,000 1,446,240 September 30, June 30, 2015 2015 Technology know-how $ 2,369,801 $ 2,467,789 Less: accumulated amortization (2,189,020) (2,216,781) Total technology know-how, net $ 180,781 $ 251,008 CUSTOMER RELATIONSHIP On July 2, 2010, the Company acquired Gufeng and its wholly-owned subsidiary Tianjuyuan. The fair value on the acquired customer relationships was estimated to be RMB 65,000,000 10,218,000 September 30, June 30, 2015 2015 Customer relationships $ 10,218,000 $ 10,640,500 Less: accumulated amortization (5,348,008) (5,303,128) Total customer relationships, net $ 4,869,992 $ 5,337,372 TRADEMARKS On July 2, 2010, the Company acquired Gufeng and its wholly-owned subsidiary Tianjuyuan. The preliminary fair value on the acquired trademarks was estimated to be RMB 40,700,000 6,398,040 AMORTIZATION EXPENSE AMORTIZATION TABLE Year Ends Expense ($) September 30, 2016 1,458,867 September 30, 2017 1,278,086 September 30, 2018 1,278,086 September 30, 2019 1,278,086 September 30, 2020 1,278,086

ACCRUED EXPENSES AND OTHER PAYA

ACCRUED EXPENSES AND OTHER PAYABLES	3 Months Ended
	Sep. 30, 2015
Payables and Accruals [Abstract]
Accrued Expenses and Other Payables Disclosure [Text Block]	NOTE 6 - ACCRUED EXPENSES AND OTHER PAYABLES Accrued expenses and other payables consisted of the following: September 30, June 30, 2015 2015 Payroll payable $ 8,354 $ 18,451 Welfare payable 161,388 168,061 Accrued expenses 3,851,258 3,554,733 Other payables 1,025,896 1,098,705 Other levy payable 131,580 113,027 Total $ 5,178,476 $ 4,952,977

AMOUNT DUE TO RELATED PARTIES

AMOUNT DUE TO RELATED PARTIES	3 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 7 - AMOUNT DUE TO RELATED PARTIES As of September 30, 2015 and June 30, 2015, the amount due to related parties was $ 2,021,273 2,068,102 1,139,143 1,184,643 On June 29, 2014, Jinong signed an office lease with Kingtone Information. Pursuant to the lease, Jinong rented 612 6,588 two July 1, 2014 24,480 3,848

LOAN PAYABLES

LOAN PAYABLES	3 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Short-term Debt [Text Block]	NOTE 8- LOAN PAYABLES 5.20 7.80 Interest No. Payee Loan period per agreement Rate September 30, 2015 1 Beijing International Trust Co., Ltd Oct 28, 2014- Oct 28, 2015 7.80 % $ 1,257,600 2 Beijing International Trust Co., Ltd Dec 16, 2014 - Dec 13, 2015 7.28 % 314,400 3 Beijing International Trust Co., Ltd Dec 16, 2015- Dec 16, 2015 7.28 % 1,257,600 4 Agriculture Bank of China-Pinggu Branch Jan 21, 2015-Jan 20, 2016 6.16 % 1,257,600 5 Bank of Tianjin- Beijing Branch Feb 3, 2015- Jan 27, 2016 6.16 % 6,288,000 6 Bank of Tianjin- Beijing Branch Feb11 2015- Feb 10, 2016 5.60 % 4,433,040 7 China Merchants Bank- Cahoyangmen Branch Mar 16,2015- Mar 15, 2016 6.96 % 786,000 8 Agriculture Bank of China-Pinggu Branch May 12, 2015- April 29, 2016 5.89 % 2,043,600 9 Bank of Beijing- Pinggu Branch Aug 11, 2015- Aug 2, 2016 5.82 % 1,572,000 10 China Merchants Bank- Cahoyangmen Branch Sep 9, 2015- Mar 8, 2016 5.20 % 1,572,000 Total $ 20,781,840 As of June 30, 2015, the short-term loan payables consisted of ten loans which mature on dates ranging from August 5, 2015 through April 29, 2016 with interest rates ranging from 5.60 7.80 Interest No. Payee Loan period per agreement Rate June 30, 2015 1 Beijing Bank – Pinggu Branch Aug 6, 2014 – Aug 5, 2015 6.72 % $ 1,637,000 2 China Merchants Bank – Chaoyang Branch Aug 27, 2014 – Aug 26, 2015 7.80 % 1,637,000 3 Beijing International Trust Co., Ltd Sep 24, 2014 – Sep 23, 2015 7.80 % 1,637,000 4 Beijing International Trust Co., Ltd Oct 28, 2014 – Oct 27, 2015 7.80 % 1,637,000 5 Beijing International Trust Co., Ltd Dec 26, 2014 – Dec 15, 2015 7.28 % 1,637,000 6 Agriculture Bank of China-Pinggu Branch Jan 21, 2015 – Jan 20, 2016 6.16 % 1,309,600 7 Tianjin Bank – Beijing Branch Feb 3, 2015 – Jan 27, 2016 6.16 % 6,548,000 8 Tianjin Bank – Beijing Branch Feb 11, 2015 – Feb 10, 2016 5.60 % 4,616,340 9 China Merchants Bank – Chaoyang Branch Mar 16, 2015 – Mar 15, 2016 6.96 % 818,500 10 Agriculture Bank of China-Pinggu Branch May 12, 2015 – Apr 29, 2016 5.89 % 2,128,100 Total $ 23,605,540 The interest expense from short-term loans were $ 429,035 455,744

TAXES PAYABLE

TAXES PAYABLE	3 Months Ended
	Sep. 30, 2015
Taxes Payable [Abstract]
Disclosure of Taxes Payable [Text Block]	NOTE 9 – TAXES PAYABLE Enterprise Income Tax Effective January 1, 2008, the Enterprise Income Tax (“EIT”) law of the PRC replaced the tax laws for Domestic Enterprises (“DEs”) and Foreign Invested Enterprises (“FIEs”). The EIT rate of 25 33 50 15 1,220,708 1,516,587 25 556,733 487,008 Value-Added Tax All of the Company’s fertilizer products that are produced and sold in the PRC were subject to a Chinese Value-Added Tax (VAT) of 13 Exemption of VAT for Organic Fertilizer Products Reinstatement of VAT for Fertilizer Products Supplementary Reinstatement of VAT for Fertilizer Products Income Taxes and Related Payables September 30, June 30, 2015 2015 VAT provision $ 25,788 $ 27,251 Income tax payable - 3,778,339 Other levies 408,683 698,952 Total $ 434,471 $ 4,504,542 Tax Rate Reconciliation Our effective tax rates were approximately 19.7 19.8 34 September 30, 2015 China United States 15% - 25% 34% Total Pretax income (loss) $ 10,616,945 (1,593,831) $ 9,023,114 Expected income tax expense (benefit) 2,654,236 25.0 % (541,903) 34.0 % 2,112,333 High-tech income benefits on Jinong (787,682) (7.4) % - - (787,682) Losses from subsidiaries in which no benefit is recognized (89,112) (0.8) % - - (89,112) Change in valuation allowance on deferred tax asset from US tax benefit - 541,903 (34.0) % 541,903 Actual tax expense $ 1,777,442 16.7 % $ - - % $ 1,777,442 19.7 % September 30, 2014 China United States 15% - 25% 34% Total Pretax income (loss) $ 12,208,311 $ (2,105,634) $ 10,102,677 Expected income tax expense (benefit) 3,052,078 25.0 % (715,916) 34.0 % 2,336,162 High-tech income benefits on Jinong (591,405) (4.8) % - - (591,405) Losses from subsidiaries in which no benefit is recognized (457,078) (3.7) % - - (457,078) Change in valuation allowance on deferred tax asset from US tax benefit - 715,916 (34.0) % 715,916 Actual tax expense $ 2,003,595 16.4 % $ - - % $ 2,003,595 19.8 %

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Sep. 30, 2015
Stockholders Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 10 – STOCKHOLDERS’ EQUITY Common Stock On September 12, 2014, the Company’ Compensation Committee, approved the issuance of 87,719 200,000 2.28 During the three months ended September 30, 2014, the Company issued 23,752 54,444 During the three months ended September 30, 2015, the Company issued 23,215 45,734 On September 30, 2014, the Company granted an aggregate of 1,750,000 240,000 100,000 40,000 30,000 20,000 1,320,000 3,675,000 On September 28, 2015, the Company granted an aggregate of 1,000,000 1,660,000 Grant Date Number of Fair Value of Fair Value Shares Shares Per share Outstanding (unvested) at June 30, 2015 1,708,000 $ 1,797,992 Granted 1,000,000 1,660,000 $ 1.66 Forfeited - - Vested (512,500) (1,076,494) Outstanding (unvested) at September 30, 2015 2,195,500 $ 2,381,498 As of September 30, 2015, the unamortized expense related to the grant of restricted shares of common stock of $ 2,381,498 Dividend On October 1, 2014, the Company's Board of Directors declared a cash dividend of $ 0.10 3,296,156 2,161,904 Preferred Stock Under the Company’s Articles of Incorporation, the Board has the authority, without further action by stockholders, to designate up to 20,000,000 As of September 30, 2015, the Company had 20,000,000 shares of preferred stock authorized, with a par value of $.001 per share, of which no shares are issued or outstanding.

CONCENTRATIONS AND LITIGATION

CONCENTRATIONS AND LITIGATION	3 Months Ended
	Sep. 30, 2015
Risks and Uncertainties [Abstract]
Concentration and Litigation [Text Block]	NOTE 11 –CONCENTRATIONS AND LITIGATION Market Concentration All of the Company's revenue-generating operations are conducted in the PRC. Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC, and by the general state of the PRC's economy. The Company's operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among other things, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by, among other things, changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation. Vendor and Customer Concentration There were two vendors from which the Company purchased 23.2 22.5 19,034,614 4,758,654 There were two vendors from which the Company purchased 21.5 12.5 16,907,966 4,700,415 One customer was accounted for 26.0 11.5 Litigation On October 15, 2010, a class action lawsuit was filed against the Company and certain of its current and former officers in the United States District Court for the District of Nevada (the "Nevada Federal Court") on behalf of purchasers of the Company’s common stock between November 12, 2009 and September 1, 2010. The last version of the complaint alleges that the Company and certain current and former officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11, 12(a)(2), and 15 of the Securities Act of 1933, as amended, by making material misstatements and omissions in the Company’s financial statements, securities offering documents, and related disclosures during the class period. On October 7, 2011, the defendants moved to dismiss the amended complaint and to strike portions of it. On November 2, 2012, the Court issued an order dismissing the claims for violation of sections 11, 12(a)(2) and 15 of the Securities Act of 1933 as to all defendants and dismissing two individual defendants from the complaint but allowing the claims for violations of section 10(b) and 20(a) of the Securities Exchange Act of 1934 to continue with respect to the Company and the remaining of the individual defendants. The Nevada Federal Court also denied the defendants’ motion to strike. The parties to the securities class action held mediation on March 7, 2013, which led to an agreement in principle to settle the case for a payment of $ 2.5

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 12 – SEGMENT REPORTING Three Months Ended September 30, 2015 2014 Revenues from unaffiliated customers: Jinong $ 34,707,804 $ 34,464,165 Gufeng 18,234,832 15,986,074 Yuxing 1,241,635 851,551 Consolidated $ 54,184,271 $ 51,301,790 Operating income : Jinong $ 7,955,654 $ 9,933,764 Gufeng 2,609,953 2,395,978 Yuxing 406,297 262,993 Reconciling item (1) - - Reconciling item (2) (517,360) (684,934) Reconciling item (2)—stock compensation (1,076,494) (1,420,720) Consolidated $ 9,378,050 $ 10,487,081 Net income: Jinong $ 6,812,851 $ 8,431,966 Gufeng 1,620,367 1,410,711 Yuxing 406,285 362,039 Reconciling item (1) 24 20 Reconciling item (2) (1,598,855) (2,105,654) Consolidated $ 7,245,672 $ 8,099,082 Depreciation and Amortization: Jinong $ 9,933,982 $ 10,568,570 Gufeng 745,595 836,514 Yuxing 343,308 344,110 Consolidated $ 11,022,885 $ 11,749,194 Interest expense: Gufeng 429,035 455,744 Consolidated $ 429,035 $ 455,744 Capital Expenditure: Jinong $ 0 $ 4,254,471 Gufeng 1,787 9,187 Yuxing 803 259,375 Consolidated $ 2,590 $ 4,523,033 As of September 30, June 30, 2015 2015 Identifiable assets: Jinong $ 212,731,651 $ 219,259,401 Gufeng 190,111,406 165,267,975 Yuxing 43,356,924 44,745,889 Reconciling item (1) 124,996 312,198 Reconciling item (2) (2,820) (2,845) Consolidated $ 446,322,157 $ 429,582,618 (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.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2015
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	NOTE 13 - COMMITMENTS AND CONTINGENCIES On June 29, 2014, Jinong signed an office lease with Kingtone Information. Pursuant to the lease, Jinong rented 612 square meters (approximately 6,588 July 1, 2014 3,848 24,480 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 $ 480 3,053 Accordingly, the Company recorded an aggregate of $ 1,440 3,975 Years ending September 30, 2016 $ 1,440 2017 1,440 2018 1,440 2019 1,440 2020 1,440

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	3 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entity Disclosure [Text Block]	NOTE 14 VARIABLE INTEREST ENTITIES In accordance with accounting standards regarding consolidation of variable interest entities, VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision making ability. All VIEs with which a company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIE for financial reporting purposes. Green Nevada through one of its subsidiaries, Jinong, entered into a series of agreements (the “VIE Agreements”) with Yuxing for it to qualify as a VIE, effective June 16, 2013. The Company has concluded, based on the contractual arrangements, that Yuxing is a VIE and that the Company’s wholly-owned subsidiary, Jinong, absorbs a majority of the risk of loss from the activities of Yuxing, thereby enabling the Company, through Jinong, to receive a majority of Yuxing expected residual returns. As a result of the VIE Agreements, Green Nevada is able to exercise control over Yuxing and was entitled to substantially all of the economic benefits of Yuxing through its subsidiary, Jinong. Therefore, Green Nevada consolidates Yuxing in accordance with ASC 810-10 (“Consolidation of Variable Interest Entities”) since the date of the VIE Agreements. September 30 June 30, 2015 2015 ASSETS Current Assets Cash and cash equivalents $ 54,435 $ 79,867 Accounts receivable, net 39,080 72,748 Inventories 18,209,054 18,138,137 Other current assets 45,893 48,845 Advances to suppliers 47,320 61,739 Total Current Assets 18,395,782 18,401,336 Plant, Property and Equipment, Net 14,790,026 15,692,975 Construction In Progress 66,185 68,921 Intangible Assets, Net 10,104,931 10,582,657 Total Assets $ 43,356,924 $ 44,745,889 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable $ 182,944 $ 159,730 Accrued expenses and other payables 172,037 222,871 Amount due to related parties 41,761,421 43,488,198 Total Current Liabilities 42,116,402 43,870,799 Stockholders' equity 1,240,522 875,090 Total Liabilities and Stockholders' Equity $ 43,356,924 $ 44,745,889 Three Months Ended September 30, 2015 2014 Revenue $ 1,241,635 $ 851,551 Expenses 835,350 489,512 Net income $ 406,285 $ 362,039

BASIS OF PRESENTATION AND SUM20

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principle of consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Green New Jersey, Jinong, Gufeng, Tianjuyuan and VIE Yuxing. All significant inter-company accounts and transactions have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the amount of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. However, actual results could differ materially from those results.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and cash equivalents and concentration of cash For statement of cash flows purposes, the Company considers all cash on hand and in banks, certificates of deposit with state owned banks in the Peoples Republic of China (“PRC”) and banks in the United States, and other highly-liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents. The Company maintains large sums of cash in two banks in China. The aggregate cash in such accounts and on hand as of September 30, 2015 and June 30, 2015 was $94,241,733 and $92,676,188, respectively. There is no insurance securing these deposits in China over $81,850 (RMB 500,000). In addition, the Company also had $119,199 and $306,376 in cash in two banks in the United States as of September 30, 2015 and June 30, 2015, respectively, with $500,000 secured by the U.S. Federal Deposit Insurance Corporation. Cash overdraft as of balance sheet date will be reflected as liabilities in the balance sheet. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts.
Deferred Charges, Policy [Policy Text Block]	Deferred assets Deferred assets represent amounts that the distributors owed to the Company in their marketing efforts and developing standard stores to expand the Company’s products’ competitiveness and market shares. The amount owed to the Company to assist its distributors will be expensed over three years which is the term as stated in the cooperation agreement, as long as the distributors are actively selling the Company’s products. For the three months ended September 30, 2015 and 2014, the Company amortized $ 9,712,715 10,331,084 29,081,381 10,833,189 The deferred assets consist of items inside the distributors’ stores such as furniture, racks, cabinets, and display units, and items outside or attached to the distributors’ stores such as signage and billboards. These types of assets would be capitalized as fixed assets if the Company actually owned the stores or utilized the assets for its own operations. These assets would also be capitalized as leasehold improvements if the Company leased these stores from the distributors. Therefore, the Company believes that under the U.S. Generally Accepted Accounting Principles (G.A.A.P), these types of assets purchases are properly capitalized. In addition, the Company believes that these assets are properly classified as deferred assets because if a distributor breaches, defaults, or terminates the agreement with the Company within a three-year period, a proportionate amount expended by the Company is to be repaid by the distributor. The Chairman of the Board of Directors of the Company guaranteed to the Company of amounts remaining unpaid due from distributors. The assets inside the distributors’ stores are custom made to fit the layout of each individual store and the signage and billboards are also custom designed to fit the specific location. The assets were purchased by the Company directly from the manufacturers and installed in the distributors’ stores. The Company wants to maintain control over the quality of the items being purchased as well as making them uniform among all the distributor locations.
Earnings Per Share, Policy [Policy Text Block]	Earnings per share Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards. The components of basic and diluted earnings per share consist of the following: Three Months Ended September 30, 2015 2014 Net Income for Basic Earnings Per Share $ 7,245,672 $ 8,099,082 Basic Weighted Average Number of Shares 35,939,049 32,377,250 Net Income Per Share – Basic $ 0.20 $ 0.25 Net Income for Diluted Earnings Per Share $ 7,245,672 $ 8,099,082 Diluted Weighted Average Number of Shares 35,939,049 32,377,250 Net Income Per Share – Diluted $ 0.20 $ 0.25
Reclassification, Policy [Policy Text Block]	Reclassification Certain reclassifications have been made to the prior year consolidated financial statements to conform to the 2015 consolidated financial statement presentation. Such reclassifications did not affect total revenues, operating income or net income or cash flows as previously reported.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent accounting pronouncements FASB Accounting Standards Update No. 2014-09 In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (ASU 2014-09) FASB Accounting Standards Update No. 2015-01 In January 2015, the FASB issued Accounting Standards Update No. 2015-01, Income Statement – Extraordinary and Unusual items (Subtopic 225-20) FASB Accounting Standards Update No. 2015-02 In February, 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. FASB Accounting Standards Update No. 2015-14 In August, 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. FASB Accounting Standards Update No. 2015-16 In September, 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805). Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future financial statements.

BASIS OF PRESENTATION AND SUM21

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The components of basic and diluted earnings per share consist of the following: Three Months Ended September 30, 2015 2014 Net Income for Basic Earnings Per Share $ 7,245,672 $ 8,099,082 Basic Weighted Average Number of Shares 35,939,049 32,377,250 Net Income Per Share – Basic $ 0.20 $ 0.25 Net Income for Diluted Earnings Per Share $ 7,245,672 $ 8,099,082 Diluted Weighted Average Number of Shares 35,939,049 32,377,250 Net Income Per Share – Diluted $ 0.20 $ 0.25

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consisted of the following: September 30, June 30, 2015 2015 Raw materials $ 57,012,477 $ 48,294,614 Supplies and packing materials $ 601,818 $ 529,398 Work in progress $ 288,577 $ 348,670 Finished goods $ 47,503,062 $ 52,130,265 Total $ 105,405,934 $ 101,302,947

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment consisted of the following: September 30, June 30, 2015 2015 Building and improvements $ 39,370,396 $ 43,699,066 Auto 709,224 900,562 Machinery and equipment 25,000,033 23,173,209 Agriculture assets 800,083 833,165 Total property, plant and equipment 65,879,736 68,606,002 Less: accumulated depreciation (23,927,222) (23,971,808) Total $ 41,952,514 $ 44,634,194

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	3 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Estimated amortization expenses of intangible assets for the next five twelve months periods ended September 30, 2015, are as follows: AMORTIZATION TABLE Year Ends Expense ($) September 30, 2016 1,458,867 September 30, 2017 1,278,086 September 30, 2018 1,278,086 September 30, 2019 1,278,086 September 30, 2020 1,278,086
Schedule of Impaired Intangible Assets [Table Text Block]	Intangible assets consisted of the following: September 30, June 30, 2015 2015 Land use rights, net $ 11,032,821 $ 11,554,776 Technology patent, net 180,781 251,008 Customer relationships, net 4,869,992 5,337,372 Trademarks 6,398,041 6,662,590 Total $ 22,481,635 $ 23,805,746
Use Rights [Member]
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Impaired Intangible Assets [Table Text Block]	The Land Use Rights consisted of the following: September 30, June 30, 2015 2015 Land use rights $ 12,814,306 $ 13,344,160 Less: accumulated amortization (1,781,485) (1,789,384) Total land use rights, net $ 11,032,821 $ 11,554,776
Developed Technology Rights [Member]
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Impaired Intangible Assets [Table Text Block]	The technology know-how consisted of the following: September 30, June 30, 2015 2015 Technology know-how $ 2,369,801 $ 2,467,789 Less: accumulated amortization (2,189,020) (2,216,781) Total technology know-how, net $ 180,781 $ 251,008
Customer Relationships [Member]
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Impaired Intangible Assets [Table Text Block]	September 30, June 30, 2015 2015 Customer relationships $ 10,218,000 $ 10,640,500 Less: accumulated amortization (5,348,008) (5,303,128) Total customer relationships, net $ 4,869,992 $ 5,337,372

ACCRUED EXPENSES AND OTHER PA25

ACCRUED EXPENSES AND OTHER PAYABLES (Tables)	3 Months Ended
	Sep. 30, 2015
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	Accrued expenses and other payables consisted of the following: September 30, June 30, 2015 2015 Payroll payable $ 8,354 $ 18,451 Welfare payable 161,388 168,061 Accrued expenses 3,851,258 3,554,733 Other payables 1,025,896 1,098,705 Other levy payable 131,580 113,027 Total $ 5,178,476 $ 4,952,977

LOAN PAYABLES (Tables)

LOAN PAYABLES (Tables)	3 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	As of September 30, 2015, the short-term loan payables consisted of ten loans which mature on dates ranging from October 28, 2015 through August 2, 2016 with interest rates ranging from 5.20 7.80 Interest No. Payee Loan period per agreement Rate September 30, 2015 1 Beijing International Trust Co., Ltd Oct 28, 2014- Oct 28, 2015 7.80 % $ 1,257,600 2 Beijing International Trust Co., Ltd Dec 16, 2014 - Dec 13, 2015 7.28 % 314,400 3 Beijing International Trust Co., Ltd Dec 16, 2015- Dec 16, 2015 7.28 % 1,257,600 4 Agriculture Bank of China-Pinggu Branch Jan 21, 2015-Jan 20, 2016 6.16 % 1,257,600 5 Bank of Tianjin- Beijing Branch Feb 3, 2015- Jan 27, 2016 6.16 % 6,288,000 6 Bank of Tianjin- Beijing Branch Feb11 2015- Feb 10, 2016 5.60 % 4,433,040 7 China Merchants Bank- Cahoyangmen Branch Mar 16,2015- Mar 15, 2016 6.96 % 786,000 8 Agriculture Bank of China-Pinggu Branch May 12, 2015- April 29, 2016 5.89 % 2,043,600 9 Bank of Beijing- Pinggu Branch Aug 11, 2015- Aug 2, 2016 5.82 % 1,572,000 10 China Merchants Bank- Cahoyangmen Branch Sep 9, 2015- Mar 8, 2016 5.20 % 1,572,000 Total $ 20,781,840 As of June 30, 2015, the short-term loan payables consisted of ten loans which mature on dates ranging from August 5, 2015 through April 29, 2016 with interest rates ranging from 5.60 7.80 Interest No. Payee Loan period per agreement Rate June 30, 2015 1 Beijing Bank – Pinggu Branch Aug 6, 2014 – Aug 5, 2015 6.72 % $ 1,637,000 2 China Merchants Bank – Chaoyang Branch Aug 27, 2014 – Aug 26, 2015 7.80 % 1,637,000 3 Beijing International Trust Co., Ltd Sep 24, 2014 – Sep 23, 2015 7.80 % 1,637,000 4 Beijing International Trust Co., Ltd Oct 28, 2014 – Oct 27, 2015 7.80 % 1,637,000 5 Beijing International Trust Co., Ltd Dec 26, 2014 – Dec 15, 2015 7.28 % 1,637,000 6 Agriculture Bank of China-Pinggu Branch Jan 21, 2015 – Jan 20, 2016 6.16 % 1,309,600 7 Tianjin Bank – Beijing Branch Feb 3, 2015 – Jan 27, 2016 6.16 % 6,548,000 8 Tianjin Bank – Beijing Branch Feb 11, 2015 – Feb 10, 2016 5.60 % 4,616,340 9 China Merchants Bank – Chaoyang Branch Mar 16, 2015 – Mar 15, 2016 6.96 % 818,500 10 Agriculture Bank of China-Pinggu Branch May 12, 2015 – Apr 29, 2016 5.89 % 2,128,100 Total $ 23,605,540

TAXES PAYABLE (Tables)

TAXES PAYABLE (Tables)	3 Months Ended
	Sep. 30, 2015
Taxes Payable [Abstract]
Schedule of Tax Payable [Table Text Block]	Taxes payable consisted of the following: September 30, June 30, 2015 2015 VAT provision $ 25,788 $ 27,251 Income tax payable - 3,778,339 Other levies 408,683 698,952 Total $ 434,471 $ 4,504,542
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Actual income tax benefit reported in the consolidated statements of income and comprehensive income differ from the amounts computed by applying the US statutory income tax rate of 34 September 30, 2015 China United States 15% - 25% 34% Total Pretax income (loss) $ 10,616,945 (1,593,831) $ 9,023,114 Expected income tax expense (benefit) 2,654,236 25.0 % (541,903) 34.0 % 2,112,333 High-tech income benefits on Jinong (787,682) (7.4) % - - (787,682) Losses from subsidiaries in which no benefit is recognized (89,112) (0.8) % - - (89,112) Change in valuation allowance on deferred tax asset from US tax benefit - 541,903 (34.0) % 541,903 Actual tax expense $ 1,777,442 16.7 % $ - - % $ 1,777,442 19.7 % September 30, 2014 China United States 15% - 25% 34% Total Pretax income (loss) $ 12,208,311 $ (2,105,634) $ 10,102,677 Expected income tax expense (benefit) 3,052,078 25.0 % (715,916) 34.0 % 2,336,162 High-tech income benefits on Jinong (591,405) (4.8) % - - (591,405) Losses from subsidiaries in which no benefit is recognized (457,078) (3.7) % - - (457,078) Change in valuation allowance on deferred tax asset from US tax benefit - 715,916 (34.0) % 715,916 Actual tax expense $ 2,003,595 16.4 % $ - - % $ 2,003,595 19.8 %

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Sep. 30, 2015
Statement of Stockholders' Equity [Abstract]
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	The following table sets forth changes in compensation-related restricted stock awards during three months ended September 30, 2015: Grant Date Number of Fair Value of Fair Value Shares Shares Per share Outstanding (unvested) at June 30, 2015 1,708,000 $ 1,797,992 Granted 1,000,000 1,660,000 $ 1.66 Forfeited - - Vested (512,500) (1,076,494) Outstanding (unvested) at September 30, 2015 2,195,500 $ 2,381,498

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	As of September 30, 2015, 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). Each of the three 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, 2015 2014 Revenues from unaffiliated customers: Jinong $ 34,707,804 $ 34,464,165 Gufeng 18,234,832 15,986,074 Yuxing 1,241,635 851,551 Consolidated $ 54,184,271 $ 51,301,790 Operating income : Jinong $ 7,955,654 $ 9,933,764 Gufeng 2,609,953 2,395,978 Yuxing 406,297 262,993 Reconciling item (1) - - Reconciling item (2) (517,360) (684,934) Reconciling item (2)—stock compensation (1,076,494) (1,420,720) Consolidated $ 9,378,050 $ 10,487,081 Net income: Jinong $ 6,812,851 $ 8,431,966 Gufeng 1,620,367 1,410,711 Yuxing 406,285 362,039 Reconciling item (1) 24 20 Reconciling item (2) (1,598,855) (2,105,654) Consolidated $ 7,245,672 $ 8,099,082 Depreciation and Amortization: Jinong $ 9,933,982 $ 10,568,570 Gufeng 745,595 836,514 Yuxing 343,308 344,110 Consolidated $ 11,022,885 $ 11,749,194 Interest expense: Gufeng 429,035 455,744 Consolidated $ 429,035 $ 455,744 Capital Expenditure: Jinong $ 0 $ 4,254,471 Gufeng 1,787 9,187 Yuxing 803 259,375 Consolidated $ 2,590 $ 4,523,033 As of September 30, June 30, 2015 2015 Identifiable assets: Jinong $ 212,731,651 $ 219,259,401 Gufeng 190,111,406 165,267,975 Yuxing 43,356,924 44,745,889 Reconciling item (1) 124,996 312,198 Reconciling item (2) (2,820) (2,845) Consolidated $ 446,322,157 $ 429,582,618 (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.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Sep. 30, 2015
Leases [Abstract]
Schedule of Rent Expense [Table Text Block]	Rent expenses for the next five years months ended September 30, are as follows: Years ending September 30, 2016 $ 1,440 2017 1,440 2018 1,440 2019 1,440 2020 1,440

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	3 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities [Table Text Block]	The following financial statement amounts and balances of the VIE were included in the accompanying consolidated financial statements as of September 30, 2015 and June 30, 2015: September 30 June 30, 2015 2015 ASSETS Current Assets Cash and cash equivalents $ 54,435 $ 79,867 Accounts receivable, net 39,080 72,748 Inventories 18,209,054 18,138,137 Other current assets 45,893 48,845 Advances to suppliers 47,320 61,739 Total Current Assets 18,395,782 18,401,336 Plant, Property and Equipment, Net 14,790,026 15,692,975 Construction In Progress 66,185 68,921 Intangible Assets, Net 10,104,931 10,582,657 Total Assets $ 43,356,924 $ 44,745,889 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable $ 182,944 $ 159,730 Accrued expenses and other payables 172,037 222,871 Amount due to related parties 41,761,421 43,488,198 Total Current Liabilities 42,116,402 43,870,799 Stockholders' equity 1,240,522 875,090 Total Liabilities and Stockholders' Equity $ 43,356,924 $ 44,745,889 Three Months Ended September 30, 2015 2014 Revenue $ 1,241,635 $ 851,551 Expenses 835,350 489,512 Net income $ 406,285 $ 362,039

BASIS OF PRESENTATION AND SUM32

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Net Income for Basic Earnings Per Share	$ 7,245,672	$ 8,099,082
Basic Weighted Average Number of Shares (in shares)	35,939,049	32,377,250
Net Income Per Share - Basic (in dollars per share)	$ 0.20	$ 0.25
Net Income for Diluted Earnings Per Share (in shares)	$ 7,245,672	$ 8,099,082
Diluted Weighted Average Number of Shares (in shares)	35,939,049	32,377,250
Net Income Per Share - Diluted (in dollars per share)	$ 0.20	$ 0.25

BASIS OF PRESENTATION AND SUM33

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	3 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015CNY (¥)	Jun. 30, 2015USD ($)
Amortization of Deferred Assets	$ 9,712,715	$ 10,331,084
Deferred Asset, Amortization Expense, Next Twelve Months	29,081,381
Deferred Asset, Amortization Expense, Year Two	10,833,189
Deposits, Total	81,850		¥ 500,000
China Banks [Member]
Interest-bearing Deposits in Banks and Other Financial Institutions	94,241,733			$ 92,676,188
United States Banks [Member]
Interest-bearing Deposits in Banks and Other Financial Institutions	119,199			$ 306,376
Cash, FDIC Insured Amount	$ 500,000

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Inventory [Line Items]
Raw materials	$ 57,012,477	$ 48,294,614
Supplies and packing materials	601,818	529,398
Work in progress	288,577	348,670
Finished goods	47,503,062	52,130,265
Total	$ 105,405,934	$ 101,302,947

PROPERTY, PLANT AND EQUIPMENT35

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 65,879,736	$ 68,606,002
Less: accumulated depreciation	(23,927,222)	(23,971,808)
Total	41,952,514	44,634,194
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	39,370,396	43,699,066
Auto [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	709,224	900,562
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	25,000,033	23,173,209
Agricultural Assets [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 800,083	$ 833,165

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 22,481,635	$ 23,805,746
Land use rights, net [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets	11,032,821	11,554,776
Technology patent, net [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets	180,781	251,008
Customer relationships, net [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets	4,869,992	5,337,372
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 6,398,041	$ 6,662,590

INTANGIBLE ASSETS (Details 1)

INTANGIBLE ASSETS (Details 1) - Use Rights [Member] - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Land use rights	$ 12,814,306	$ 13,344,160
Less: accumulated amortization	(1,781,485)	(1,789,384)
Total land use rights, net	$ 11,032,821	$ 11,554,776

INTANGIBLE ASSETS (Details 2)

INTANGIBLE ASSETS (Details 2) - Patented Technology [Member] - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Technology know-how	$ 2,369,801	$ 2,467,789
Less: accumulated amortization	(2,189,020)	(2,216,781)
Total technology know-how, net	$ 180,781	$ 251,008

INTANGIBLE ASSETS (Details 3)

INTANGIBLE ASSETS (Details 3) - Customer Relationships [Member] - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Customer relationships	$ 10,218,000	$ 10,640,500
Less: accumulated amortization	(5,348,008)	(5,303,128)
Total customer relationships, net	$ 4,869,992	$ 5,337,372

INTANGIBLE ASSETS (Details 4)

INTANGIBLE ASSETS (Details 4)	Sep. 30, 2015USD ($)
Finite-Lived Intangible Assets [Line Items]
Estimated amortization expenses of intangible assets, September 30, 2016	$ 1,458,867
Estimated amortization expenses of intangible assets, September 30, 2017	1,278,086
Estimated amortization expenses of intangible assets, September 30, 2018	1,278,086
Estimated amortization expenses of intangible assets, September 30, 2019	1,278,086
Estimated amortization expenses of intangible assets, June 30, 2020	$ 1,278,086

INTANGIBLE ASSETS (Details Text

INTANGIBLE ASSETS (Details Textual)	1 Months Ended
	Jul. 02, 2010USD ($)	Sep. 25, 2009USD ($)a	Aug. 13, 2003USD ($)a	Aug. 16, 2001USD ($)	Jul. 02, 2010CNY (¥)	Sep. 25, 2009CNY (¥)a	Aug. 13, 2003CNY (¥)a	Aug. 16, 2001CNY (¥)
Use Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets Land Use Right		88	11			88	11
Finite-lived Intangible Assets, Fair Value Disclosure		$ 11,504,665	$ 164,423	$ 1,145,218		¥ 73,184,895	¥ 1,045,950	¥ 7,285,099
Finite-Lived Intangible Assets, Remaining Amortization Period		50 years	50 years	50 years
Patented Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets, Fair Value Disclosure	$ 1,446,240				¥ 9,200,000
Finite-Lived Intangible Assets, Remaining Amortization Period	6 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets, Fair Value Disclosure	$ 10,218,000				65,000,000
Finite-Lived Intangible Assets, Remaining Amortization Period	10 years
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets, Fair Value Disclosure	$ 6,398,040				¥ 40,700,000
Finite-Lived Intangible Assets, Remaining Amortization Period	5 years

ACCRUED EXPENSES AND OTHER PA42

ACCRUED EXPENSES AND OTHER PAYABLES (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Accrued Expenses And Other Payables [Line Items]
Payroll payable	$ 8,354	$ 18,451
Welfare payable	161,388	168,061
Accrued expenses	3,851,258	3,554,733
Other payables	1,025,896	1,098,705
Other levy payable	131,580	113,027
Total	$ 5,178,476	$ 4,952,977

AMOUNT DUE TO RELATED PARTIES (

AMOUNT DUE TO RELATED PARTIES (Details Textual)	1 Months Ended
	Jun. 29, 2014USD ($)m²	Jun. 29, 2014CNY (¥)m²	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 29, 2014ft²
Operating Leased Assets [Line Items]
Due to Related Parties, Current			$ 2,021,273	$ 2,068,102
Xian Techteam Science and Technology Industry Group Co [Member] | Gufeng [Member]
Operating Leased Assets [Line Items]
Due to Related Parties, Current			$ 1,139,143	$ 1,184,643
Kingtone Information [Member]
Operating Leased Assets [Line Items]
Lease Term	2 years	2 years
Date Of New Lease Agreement Entered	Jul. 1, 2014	Jul. 1, 2014
Land Subject to Ground Leases	612	612			6,588
Monthly Rent Expenses	$ 3,848	¥ 24,480

LOAN PAYABLES (Details)

LOAN PAYABLES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015
Short-term Debt [Line Items]
Short term loans	$ 20,781,840	$ 23,605,540
Bank of Beijing Pinggu Branch [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date Range, Start	Aug. 11, 2015	Aug. 6, 2014
Debt Instrument, Maturity Date Range, End	Aug. 2, 2016	Aug. 5, 2015
Debt Instrument, Interest Rate, Stated Percentage	5.82%	6.72%
Short term loans	$ 1,572,000	$ 1,637,000
China Merchants Bank Chaoyangmen Branch [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date Range, Start	Mar. 16, 2016	Aug. 27, 2014
Debt Instrument, Maturity Date Range, End	Mar. 15, 2016	Aug. 26, 2015
Debt Instrument, Interest Rate, Stated Percentage	6.96%	7.80%
Short term loans	$ 786,000	$ 1,637,000
Beijing International Trust Co Ltd [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date Range, Start	Oct. 28, 2014	Sep. 24, 2014
Debt Instrument, Maturity Date Range, End	Oct. 28, 2015	Sep. 23, 2015
Debt Instrument, Interest Rate, Stated Percentage	7.80%	7.80%
Short term loans	$ 1,257,600	$ 1,637,000
Beijing International Trust Co Ltd 1 [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date Range, Start	Dec. 16, 2014	Oct. 28, 2014
Debt Instrument, Maturity Date Range, End	Dec. 13, 2015	Oct. 27, 2015
Debt Instrument, Interest Rate, Stated Percentage	7.28%	7.80%
Short term loans	$ 314,400	$ 1,637,000
Beijing International Trust Co Ltd 2 [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date Range, Start	Dec. 16, 2015	Dec. 26, 2014
Debt Instrument, Maturity Date Range, End	Dec. 16, 2015	Dec. 15, 2015
Debt Instrument, Interest Rate, Stated Percentage	7.28%	7.28%
Short term loans	$ 1,257,600	$ 1,637,000
Agriculture Bank of China Pinggu Branch [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date Range, Start	Jan. 21, 2015	Jan. 21, 2015
Debt Instrument, Maturity Date Range, End	Jan. 20, 2016	Jan. 20, 2016
Debt Instrument, Interest Rate, Stated Percentage	6.16%	6.16%
Short term loans	$ 1,257,600	$ 1,309,600
Bank of Tianjin Beijing Branch [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date Range, Start	Feb. 3, 2015	Feb. 3, 2015
Debt Instrument, Maturity Date Range, End	Jan. 27, 2016	Jan. 27, 2016
Debt Instrument, Interest Rate, Stated Percentage	6.16%	6.16%
Short term loans	$ 6,288,000	$ 6,548,000
Bank of Tianjin Beijing Branch 1 [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date Range, Start	Feb. 11, 2015	Feb. 11, 2015
Debt Instrument, Maturity Date Range, End	Feb. 10, 2016	Feb. 10, 2016
Debt Instrument, Interest Rate, Stated Percentage	5.60%	5.60%
Short term loans	$ 4,433,040	$ 4,616,340
China Merchants Bank Chaoyangmen Branch 1 [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date Range, Start	Sep. 9, 2015	Mar. 16, 2015
Debt Instrument, Maturity Date Range, End	Mar. 8, 2016	Mar. 15, 2016
Debt Instrument, Interest Rate, Stated Percentage	5.20%	6.96%
Short term loans	$ 1,572,000	$ 818,500
Agriculture Bank of China Pinggu Branch 1 [Member]
Short-term Debt [Line Items]
Debt Instrument, Maturity Date Range, Start	May 12, 2015	May 12, 2015
Debt Instrument, Maturity Date Range, End	Apr. 29, 2016	Apr. 29, 2016
Debt Instrument, Interest Rate, Stated Percentage	5.89%	5.89%
Short term loans	$ 2,043,600	$ 2,128,100

LOAN PAYABLES (Details Textual)

LOAN PAYABLES (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Debt Instrument [Line Items]
Interest Expense, Short-term Borrowings	$ 429,035	$ 455,744
Loans Payable [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	5.20%		5.60%
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum	7.80%		7.80%

TAXES PAYABLE (Details)

TAXES PAYABLE (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Taxes Payable [Line Items]
VAT provision	$ 25,788	$ 27,251
Income tax payable	0	3,778,339
Other levies	408,683	698,952
Total	$ 434,471	$ 4,504,542

TAXES PAYABLE (Details 1)

TAXES PAYABLE (Details 1) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Taxes Payable [Line Items]
Pretax income (loss)	$ 9,023,114	$ 10,102,677
Expected income tax expense (benefit)	2,112,333	2,336,162
High-tech income benefits on Jinong	(787,682)	(591,405)
Losses from subsidiaries in which no benefit is recognized	(89,112)	(457,078)
Change in valuation allowance on deferred tax asset from US tax benefit	541,903	715,916
Actual tax expense	$ 1,777,442	$ 2,003,595
Actual tax expense, Percentage	19.70%	19.80%
CHINA
Taxes Payable [Line Items]
Pretax income (loss)	$ 10,616,945	$ 12,208,311
Expected income tax expense (benefit)	2,654,236	3,052,078
High-tech income benefits on Jinong	(787,682)	(591,405)
Losses from subsidiaries in which no benefit is recognized	(89,112)	(457,078)
Change in valuation allowance on deferred tax asset from US tax benefit	0	0
Actual tax expense	$ 1,777,442	$ 2,003,595
Expected income tax expense (benefit), Percentage	25.00%	25.00%
High-tech income benefits on Jinong, Percentage	(7.40%)	(4.80%)
Losses from subsidiaries in which no benefit is recognized, Percentage	(0.80%)	(3.70%)
Actual tax expense, Percentage	16.70%	16.40%
CHINA | Minimum [Member]
Taxes Payable [Line Items]
Actual tax expense, Percentage	15.00%	15.00%
CHINA | Maximum [Member]
Taxes Payable [Line Items]
Actual tax expense, Percentage	25.00%	25.00%
UNITED STATES
Taxes Payable [Line Items]
Pretax income (loss)	$ (1,593,831)	$ (2,105,634)
Expected income tax expense (benefit)	(541,903)	(715,916)
High-tech income benefits on Jinong	0	0
Losses from subsidiaries in which no benefit is recognized	0	0
Change in valuation allowance on deferred tax asset from US tax benefit	541,903	715,916
Actual tax expense	$ 0	$ 0
Expected income tax expense (benefit), Percentage	34.00%	34.00%
High-tech income benefits on Jinong, Percentage	0.00%	0.00%
Losses from subsidiaries in which no benefit is recognized, Percentage	0.00%	0.00%
Change in valuation allowance on deferred tax asset from US tax benefit, Percentage	(34.00%)	(34.00%)
Actual tax expense, Percentage	0.00%	0.00%

TAXES PAYABLE (Details Textual)

TAXES PAYABLE (Details Textual) - USD ($)	1 Months Ended	3 Months Ended
	Jan. 31, 2008	Sep. 30, 2015	Sep. 30, 2014
Taxes Payable [Line Items]
Income Tax Expense (Benefit)		$ 1,777,442	$ 2,003,595
Value Added Tax Rate		13.00%
Effective Income Tax Rate Reconciliation, Percent		19.70%	19.80%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		34.00%	34.00%
Enterprise Income Tax [Member]
Taxes Payable [Line Items]
New Enterprise Income Tax Rate	25.00%
Existing Enterprise Income Tax Rate	33.00%
Income Tax Rate Reconciliation Tax Holidays	50.00%
High Tech Income Tax Rate	15.00%
Enterprise Income Tax [Member] | Jinong [Member]
Taxes Payable [Line Items]
Income Tax Expense (Benefit)		$ 1,220,708	$ 1,516,587
Enterprise Income Tax [Member] | Gufeng [Member]
Taxes Payable [Line Items]
Income Tax Expense (Benefit)		$ 556,733	$ 487,008
Effective Income Tax Rate Reconciliation, Percent		25.00%

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - Restricted Stock [Member]	3 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Outstanding (unvested) | shares	1,708,000
Granted | shares	1,000,000
Forfeited | shares	0
Vested | shares	(512,500)
Outstanding (unvested) | shares	2,195,500
Fair Value, Outstanding (unvested)	$ 1,797,992
Fair Value, Granted	1,660,000
Fair Value, Forfeited	0
Fair Value, Vested	(1,076,494)
Fair Value, Outstanding (unvested)	$ 2,381,498
Grand Date Fair Value Per share, Granted | $ / shares	$ 1.66

STOCKHOLDERS' EQUITY (Details T

STOCKHOLDERS' EQUITY (Details Textual) - USD ($)	Oct. 01, 2014	Sep. 12, 2014	Sep. 28, 2015	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross			1,660,000		3,675,000
Preferred Stock, Shares Authorized				20,000,000		20,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)				$ 0.001		$ 0.001
Dividends Payable, Amount Per Share	$ 0.10
Dividends Payable	$ 3,296,156
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options				$ 2,381,498
Cash Dividends Paid to Parent Company	$ 2,161,904
Common Stock [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, Issued for Services				23,215	23,752
Stock Issued During Period, Value, Issued for Services				$ 45,734	$ 54,444
Equity Incentive Plan 2009 [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross			1,000,000		1,750,000
Ten Employee [Member] | Common Stock [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Value, Employee Stock Purchase Plan		$ 200,000
Stock Issued During Period, Shares, Employee Stock Purchase Plans		87,719
Share Price		$ 2.28
Mr Tao Li [Member] | Equity Incentive Plan 2009 [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross					240,000
Mr Ken Ren [Member] | Equity Incentive Plan 2009 [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross					100,000
Mr Yizhao Zhang [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures					40,000
Ms Yiru Shi [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures					30,000
Mr Lianfu Liu [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures					20,000
Other Employees [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross					1,320,000

CONCENTRATIONS AND LITIGATION (

CONCENTRATIONS AND LITIGATION (Details Textual) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Concentration Risk [Line Items]
Accounts Payable, Trade, Current	$ 4,758,654	$ 4,700,415
Litigation Settlement, Amount	2,500,000
Supplier Concentration Risk [Member]
Concentration Risk [Line Items]
Accounts Payable, Trade, Current	$ 19,034,614	$ 16,907,966
Supplier Concentration Risk [Member] | Vendor One [Member] | Sales Revenue, Goods, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	23.20%	21.50%
Supplier Concentration Risk [Member] | Vendor Two [Member] | Sales Revenue, Goods, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	22.50%	12.50%
Customer Concentration Risk [Member] | Sales Revenue, Goods, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	26.00%	11.50%

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($)		3 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Revenues from unaffiliated customers:
Revenues from unaffiliated customers Consolidated		$ 54,184,271	$ 51,301,790
Operating income :
Operating income Consolidated		9,378,050	10,487,081
Stock compensation		(1,122,228)	(1,475,164)
Net income:
Net income Consolidated		7,245,672	8,099,082
Depreciation and Amortization:
Depreciation and Amortization Consolidated		11,022,885	11,749,194
Interest expense:
Interest expense Consolidated		429,035	455,744
Capital Expenditure:
Capital Expenditure Consolidated		2,590	4,523,033
Identifiable assets:
Identifiable assets Consolidated		446,322,157		$ 429,582,618
Jinong [Member]
Revenues from unaffiliated customers:
Revenues from unaffiliated customers Consolidated		34,707,804	34,464,165
Operating income :
Operating income Consolidated		7,955,654	9,933,764
Net income:
Net income Consolidated		6,812,851	8,431,966
Depreciation and Amortization:
Depreciation and Amortization Consolidated		9,933,982	10,568,570
Capital Expenditure:
Capital Expenditure Consolidated		0	4,254,471
Identifiable assets:
Identifiable assets Consolidated		212,731,651		219,259,401
Gufeng [Member]
Revenues from unaffiliated customers:
Revenues from unaffiliated customers Consolidated		18,234,832	15,986,074
Operating income :
Operating income Consolidated		2,609,953	2,395,978
Net income:
Net income Consolidated		1,620,367	1,410,711
Depreciation and Amortization:
Depreciation and Amortization Consolidated		745,595	836,514
Interest expense:
Interest expense Consolidated		429,035	455,744
Capital Expenditure:
Capital Expenditure Consolidated		1,787	9,187
Identifiable assets:
Identifiable assets Consolidated		190,111,406		165,267,975
Yuxing [Member]
Revenues from unaffiliated customers:
Revenues from unaffiliated customers Consolidated		1,241,635	851,551
Operating income :
Operating income Consolidated		406,297	262,993
Net income:
Net income Consolidated		406,285	362,039
Depreciation and Amortization:
Depreciation and Amortization Consolidated		343,308	344,110
Capital Expenditure:
Capital Expenditure Consolidated		803	259,375
Identifiable assets:
Identifiable assets Consolidated		43,356,924		44,745,889
Green New Jersey [Member] | Segment Reconciling Items [Member]
Operating income :
Operating income Consolidated	[1]	0	0
Net income:
Net income Consolidated	[1]	24	20
Identifiable assets:
Identifiable assets Consolidated	[1]	124,996		312,198
Parent Company [Member] | Segment Reconciling Items [Member]
Operating income :
Operating income Consolidated	[2]	(517,360)	(684,934)
Stock compensation	[2]	(1,076,494)	(1,420,720)
Net income:
Net income Consolidated	[2]	(1,598,855)	$ (2,105,654)
Identifiable assets:
Identifiable assets Consolidated	[2]	$ (2,820)		$ (2,845)
[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.

COMMITMENTS AND CONTINGENCIES53

COMMITMENTS AND CONTINGENCIES (Details)	Sep. 30, 2015USD ($)
Operating Leased Assets [Line Items]
2,016	$ 1,440
2,017	1,440
2,018	1,440
2,019	1,440
2,020	$ 1,440

COMMITMENTS AND CONTINGENCIES54

COMMITMENTS AND CONTINGENCIES (Details Textual)	1 Months Ended					3 Months Ended
	Jul. 31, 2014USD ($)	Jul. 31, 2014CNY (¥)	Jun. 29, 2014m²	Feb. 29, 2004USD ($)	Feb. 29, 2004CNY (¥)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Jun. 29, 2014ft²
Operating Leased Assets [Line Items]
Operating Leases, Rent Expense						$ 1,440	$ 3,975
Village Committee of Dong Gao Village and Zhen Nan Zhang Dai Village [Member]
Operating Leased Assets [Line Items]
Operating Leases, Rent Expense				$ 480	¥ 3,053
Lease Term				50 years	50 years
Kingtone Information [Member]
Operating Leased Assets [Line Items]
Operating Leases, Rent Expense	$ 3,848	¥ 24,480
Land Subject to Ground Leases			612					6,588
Lease Term			2 years
Date Of New Lease Agreement Entered			Jul. 1, 2014

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Current Assets
Cash and cash equivalents	$ 94,360,932	$ 41,116,016	$ 92,982,564	$ 26,890,321
Accounts receivable, net	67,400,965		68,528,598
Inventories	105,405,934		101,302,947
Advances to suppliers	69,212,954		40,910,837
Total Current Assets	336,780,483		304,184,346
Plant, Property and Equipment, Net	41,952,514		44,634,194
Intangible Assets, Net	22,481,635		23,805,746
Total Assets	446,322,157		429,582,618
Current Liabilities
Accounts payable	2,873,268		2,372,130
Amount due to related parties	2,021,273		2,068,102
Total Current Liabilities	80,117,022		56,633,144
Stockholders' equity	366,205,135		372,949,474
Total Liabilities and Stockholders' Equity	446,322,157		429,582,618
Revenue	54,184,271	51,301,790
Expenses	14,810,112	14,186,353
Net income	7,245,672	8,099,082
Variable Interest Entity, Primary Beneficiary [Member]
Current Assets
Cash and cash equivalents	54,435		79,867
Accounts receivable, net	39,080		72,748
Inventories	18,209,054		18,138,137
Other current assets	45,893		48,845
Advances to suppliers	47,320		61,739
Total Current Assets	18,395,782		18,401,336
Plant, Property and Equipment, Net	14,790,026		15,692,975
Construction In Progress	66,185		68,921
Intangible Assets, Net	10,104,931		10,582,657
Total Assets	43,356,924		44,745,889
Current Liabilities
Accounts payable	182,944		159,730
Accrued expenses and other payables	172,037		222,871
Amount due to related parties	41,761,421		43,488,198
Total Current Liabilities	42,116,402		43,870,799
Stockholders' equity	1,240,522		875,090
Total Liabilities and Stockholders' Equity	43,356,924		$ 44,745,889
Revenue	1,241,635	851,551
Expenses	835,350	489,512
Net income	$ 406,285	$ 362,039