3. CHINA JOINT VENTURE (Tables)

12 Months Ended

Jun. 30, 2016

China Joint Venture Tables

Related party activity

	Year ended June 30,
	2016			2015
Product sales to Meineng Energy	$	114,729		$	70,328
Cost of product sales to Meineng Energy		46,497			55,550
Product purchases from Meineng Energy		1,048,118			482,161
	As of June 30,
		2016			2015
Net amount due from (due to) Meineng Energy	$	(85,011	)	$	(250,562	)

Results of operations for equity method investment

	Year ended June 30,
	2016			2015
Revenues	$	978,595		$	588,190
Gross Profit (loss)		(4,164	)		(197,957	)
Income (loss) from operations		(1,558,807	)		(2,095,980	)
Net Income (loss)		(1,509,762	)		(2,046,548	)