PROPERTY AND EQUIPMENT	9 Months Ended
PROPERTY AND EQUIPMENT	Mar. 31, 2014
PROPERTY AND EQUIPMENT [Abstract]
PROPERTY AND EQUIPMENT	NOTE 4 - PROPERTY AND EQUIPMENT At March 31, 2014 and June 30, 2013, Property and Equipment consisted of: March 31, June 30, 2014 2013 -------------------- --------------------- Furniture and Fixtures $ 598,782 $ 593,536 Office Equipment 138,410 138,284 Computer Equipment 24,701 25,391 -------------------- --------------------- 761,894 757,211 Accumulated Depreciation (536,754) (439,455) -------------------- --------------------- Total $ 225,140 $ 317,756 ==================== ===================== Property and equipment held by Prestige have an original cost basis valued in Hong Kong Dollars. During the nine months ended March 31, 2014, computer equipment and office equipment increased by $11,777 due to the purchases of equipment, during the same period, Prestige disposed of computer and office equipment at a loss of $872. Other changes in value are a result of foreign currency exchange differences. During the nine months ended March 31, 2014 and 2013, depreciation expense was $103,553 and $117,906 ($34,653 and $34,310 for the three months ended March 31, 2014 and 2013 respectively.)

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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