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CHINA JOINT VENTURE (Tables)
3 Months Ended
Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Related Party Sales and Purchase Activity
Activity with Meineng Energy for the three months ended September 30, 2016 and September 30, 2015 is summarized as follows:
 
 
 
Three months ended September 30,
 
 
 
2016
 
2015
 
Product sales to Meineng Energy
 
$
59,147
 
$
-
 
Cost of product sales to Meineng Energy
 
 
63,897
 
 
-
 
Product purchases from Meineng Energy
 
 
710,580
 
 
303
 
Schedule of Related Party Transactions
As of September 30, 2016 and June 30, 2015, the total amount due to Meineng Energy is as follows as of:
 
 
 
September 30, 2016
 
June 30, 2016
 
Net amount due from (due to) Meineng Energy
 
$
(25,863)
 
$
(85,011)
 
Equity Method Investments
The operating results for Meineng Energy for the three months ended September 30, 2016 and September 30, 2015 are summarized as follows:
 
 
 
Three months ended September 30,
 
 
 
2016
 
2015
 
Revenues
 
$
779,155
 
$
11,951
 
Gross Profit (loss)
 
 
103,421
 
 
(26,011)
 
Income (loss) from operations
 
 
(202,887)
 
 
(378,652)
 
Net Income (loss)
 
 
(187,473)
 
 
(357,651)