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12 Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
9 Months Ended
Mar. 31, 2015
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

For nine months ended March 31,

 

 

2015

 

2014

Tax at U.S. Statutory rate

 

$        

                    500,320

 

$

        (2,163,643)

Tax rate difference between China and U.S.

 

 

  (2,655,633)

 

 

634,777

Change in Valuation Allowance

 

 

2,155,314

 

 

1,528,866

Effective tax rate

 

$

-

 

$

-