PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE C - PROPERTY AND EQUIPMENT

Property and equipment is comprised of the following at:

	June 30,
	2015			2014
Buildings and improvements	$	1, 472,128		$	1,462,749
Machinery and equipment		393,100			388,159
Motor vehicles		30,501			30,307
Office equipment		27,895			25,092
		1,923,624			1,906,307
Less accumulated depreciation		(525,199	)		(447,749	)
	$	1,398,425		$	1,458,558

Substantially all of the property and equipment is located in China.

Total Depreciation was $73,682 and $77,077 for the years ended June 30, 2015 and 2014, respectively.  Depreciation is recorded in the financial statements as follows:

	Year Ended June 30,
	2015		2014
Depreciation Expense	$	73,682	$	76,080
Capitalized Ginseng Crops		-		997
	$	73,682	$	77,077

Depreciation expense is included within Depreciation and amortization on the consolidated Statements of Operations. Capitalized Inventory and Ginseng Crops are included within the respective balances on the consolidated Balance Sheets.