Accounts Payable Construction Related

12 Months Ended

Jun. 30, 2013

Accounts Payable and Accrued Expenses [Abstract]

ACCOUNTS PAYABLE - CONSTRUCTION RELATED

Note 8 – Accounts Payable – Construction Related

Accounts payable – construction related consist of the following:

	June 30, 2013		June 30, 2012
Construction in progress payable	$	1,822,500	$	740,832
Land use right payable		900,790		-
Total	$	2,723,790	$	740,832

The construction related accounts payable is based upon the progress of Chengdu Tianyin’s Qionglai County Facility (“QLF”) relocation project, which includes the construction in progress payable of $1,822,500 and land use rights of $900,790. The construction related accounts payable of $740,832 in 2012 is mainly related to the construction of JCM facility.