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Short-Term Loans (Tables)
6 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Schedule of Short-term Loans

Short-term loans consisted of the following:

 

    December 31, 2014     June 30, 2014  
Bank loan dated June 29, 2011, due July 31, 2012, with an interest rate at 115% of the standard market rate set by the People’s Bank of China (“PBOC”) (6.44% at December 31, 2014) per annum (Notes 10 and 12)     8,080,375       8,085,326  
                 
Bank loan dated June 29, 2011, due July 31, 2012 with an interest rate at 115% of the standard market rate set by PBOC (6.44% at December 31, 2014) per annum (Notes 8,10 and 12)     19,635,406       19,647,434  
    $ 27,715,781     $ 27,732,760