8 Loan Payable - Bank: Schedule of Long-term Debt Instruments (Tables)

12 Months Ended

Jun. 30, 2015

Tables/Schedules

Schedule of Long-term Debt Instruments

	June 30,
	2015		2014
Bank Note in the amount of 30 million RMB with Shijiazhuang Huirong Rural Cooperative Bank bearing an annual interest rate of 10% made on September 23, 2014. The note matured on November 22, 2014 and was extended to March 16, 2016.	$	4,894,922	$	-
Bank Note in the amount of 30 million RMB with Postal Savings Bank bearing an annual interest rate of 7.8%, made on July 22, 2014 for one year maturing on July 21, 2015.		4,894,922		-
Bank Note in the amount of 20 million RMB with China Merchant Bank bearing an annual floating rate of  7.0%, initially made on December 27, 2013,  renewed on January 13, 2015 for one year maturing on January 12, 2016.		3,263,282		3,247,966
Bank Note in the amount of 20 million RMB with China Everbright Bank bearing 7.84% interest per annum, made on January 16, 2015 for one year maturing on January 15, 2016.		3,263,282		-
	$	16,316,408	$	3,247,966