PROVISION FOR INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Schedule of deferred tax assets

Deferred tax assets consist of the following at: 

	June 30,
	2015			2014
Timing difference related to inventory provisions	$	-		$	1,231
Net operating losses		3,371,958			2,567,252
Valuation allowance		(3,371,958	)		(2,567,252	)
Deferred income tax asset	$	-		$	1,231

Schedule of net operating loss carry forward

The Company has a net operating loss carry forward as follows: 

	June 30,
	2015		2014
China	$	9,290,901	$	7,361,710
United States		4,196,931		2,907,296
	$	13,487,832	$	10,269,006

Schedule of components of income before taxes

The components of income before taxes are as follows: 

	For the Year Ended June 30,
	2015				2014
China	$	(2,614,859	)	$	(3,630,972	)
United States		(1,289,635	)		(1,130,950	)
	$	(3,904,494	)	$	(4,761,922	)

Schedule of provision for income taxes

The provision for income taxes consists of the following:

	For the Year Ended June 30,
	2015		2014
China	$	-	$	-
United States		-		-
	$	-	$	-

Schedule of effective tax rate reconciliation as a percentage of income before taxes and Federal statutory rate

A reconciliation of the Company’s effective tax rate as a percentage of income before taxes and Federal statutory rate for the years ended June 30, 2015 and 2014 respectively, is as follows:

	June 30,
	2015			2014
Federal statutory rate		(34.0	)%		(34.0	)%
State income taxes, net of federal benefit		3.3			3.3
Valuation allowance		30.7			30.7
Earnings taxed at other than United States statutory rate		-			-
Effective tax rate		-	%		-	%