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OPERATING SEGMENTS
12 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
OPERATING SEGMENTS

NOTE S - OPERATING SEGMENTS

 

The Company currently has two operating segments, (1) the cultivation and harvest of Ginseng for the production of Ginseng beverages and (2) the retail sales of cosmetics and health supplements.

 

The Company’s reportable business segments are strategic business units that offer different products. Each segment is managed separately because they require different productions techniques and market to different classes of customers.

 

Year ended June 30, 2015:

 

                           
    Parent Company   Ginseng   Cosmetics/
Supplements
  Total  
Revenues   $ -   $ -   $ 272,607   $ 272,607  
Net income (loss)     (703,941 )   (2,494,179 )   (120,680 )   (3,318,800 )
Total Assets     103,790     8,160,479     79,891     8,344,160  
                           
Other significant items:                          
Depreciation and amortization     1,568     74,496     600     76,664  
Interest     62,183     1,666,149     -     1,728,332  
Expenditures for fixed assets     1,683     3,451     -     5,134  
                           
Year ended June 30, 2014:                          
                           
    Parent Company   Ginseng   Cosmetics/ Supplements   Total  
Revenues   $ -   $ 2,480,717   $ 129,307   $ 2,610,024  
Net income (loss)     (1,130,950 )   (3,366,551 )   (264,421 )   (4,761,922 )
Total Assets     17,243     8,746,149     56,899     8,820,291  
                           
Other significant items:                          
Depreciation and amortization     1,582     75,928     399     77,909  
Interest     46,873     543,053     212,306     802,232  
Impairment of investment     -     24,905     -     24,905