16 Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)

12 Months Ended

Jun. 30, 2015

Tables/Schedules

Schedule of Effective Income Tax Rate Reconciliation

	Year Ended June 30,
	2015		2014
Tax at U.S. Statutory rate	$	1,089,936	$	(3,022,033	)
Tax rate difference between China and U.S.		(1,046,086)		3,765,170
Change in Valuation Allowance		(1,031,621)		(2,416,252)
Net operating loss expired		955,983		1,666,605
Stock and option compensation		31,788		6,510
Impairment loss on goodwill		-
Effective tax rate	$	-	$	-