SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Schedule Of Closing and Average Foreign Currency Exchange Rate Translation [Table Text Block]

Translation of amounts from RMB into US$1 has been made at the following exchange rates for the respective periods:

	March 31,  2013		March 31,  2012		June 30, 2012
Closing RMB : USD exchange rate at the period end		6.2741		6.3185		6.3143
Average nine months RMB : USD exchange rate		6.3000		6.3088		n/a

Schedule Of Fair Value, Assets and Liabilities Measured On Recurring Basis [Table Text Block]

Assets measured at fair value on a recurring basis are summarized below:

	Balance as of June 30, 2012
			Fair Value Measurements
	Carrying Value		Level 1		Level 2		Level 3
Short-term investments
- Fixed rate time deposits (Note 4)	$	4,849,112	$	4,849,112	$	-	$	-

Liabilities measured at fair value on a recurring basis are summarized below:

	Balance as of March 31, 2013
			Fair Value Measurements
	Carrying Value		Level 1		Level 2		Level 3
Warrant liabilities (Note 12)	$	179,357	$	-	$	-	$	179,357

	Balance as of June 30, 2012
			Fair Value Measurements
	Carrying Value		Level 1		Level 2		Level 3
Warrant liabilities (Note 12)	$	47,404	$	-	$	-	$	47,404