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INVESTMENTS
12 Months Ended
Jun. 30, 2015
Investments Schedule [Abstract]  
INVESTMENTS

NOTE F - INVESTMENTS

 

In December 2010, the Company invested $25,027 (RMB 153,000) in Changchun Zhongshen Beverage Co. Ltd. (“Zhongshen”). This investment represented a 17% interest in Zhonghsen. Zhongshen is a retailer of ginseng juice and wine. The Company accounts for this investment utilizing the cost method. During the year ended June 30, 2014, the Company determined this investment was impaired as Zhonghsen ceased operations. As such, the Company recorded an impairment loss of $24,905 for the year ended June 30, 2014.