CHINA JOINT VENTURE (Tables)

9 Months Ended

Mar. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Related Party Sales and Purchase Activity

Activity with Meineng Energy for the three and nine months ended March 31, 2017 and March 31, 2016 is summarized as follows:

	Three months ended March 31,				Nine Months Ended March 31,
	2017		2016		2017		2016
Product sales to Meineng Energy	$	360	$	55,326	$	68,954	$	109,418
Cost of product sales to Meineng Energy		343		1,480		72,399		40,609
Product purchases from Meineng Energy		168,044		399,470		920,233		1,045,668

Schedule of Related Party Transactions

As of March 31, 2017 and June 30, 2016, the total amount due to Meineng Energy is as follows:

	March 31, 2017		June 30, 2016
Net amount due from (due to) Meineng Energy	$	(16,057)	$	(85,011)

Equity Method Investments

The operating results for Meineng Energy for the three and nine months ended March 31, 2017 and March 31, 2016 are summarized as follows:

	Three months ended March 31,				Nine Months Ended March 31,
	2017		2016		2017		2016
Revenues	$	79,986	$	235,322	$	1,218,817	$	955,799
Gross profit (loss)		10,156		(28,187)		119,008		(7,259)
Income (loss) from operations		(585,748)		(468,340)		(1,089,799)		(1,160,750)
Net income (loss)		(580,152)		(455,840)		(1,059,162)		(1,112,460)