XML 78 R15.htm IDEA: XBRL DOCUMENT v3.3.0.814
9 Loan Payable - Other
 12 Months Ended
Jun. 30, 2015
Notes  
9 Loan Payable - Other

9                LOAN PAYABLE – OTHER

 

Loan payable – other consist of loans from unrelated third-parties, bearing interest at an average rate of 17.9% and 17.57% as of June 30, 2015 and 2014, respectively.  Loans will mature as following:

 

 

 

June 30,

 

 

 

2015

 

 

2014

 

Within one year

 

$

-

 

 

$

-

 

1 – 2 years

 

 

-

 

 

 

-

 

2 – 3 years

 

 

-

 

 

 

1,354,810

 

3 – 4 years

 

 

1,361,199

 

 

 

-

 

Total

 

 

1,361,199

 

 

 

1,354,810

 

Less current portion

 

 

-

 

 

 

-

 

 

 

$

1,361,199

 

 

$

1,354,810