2.4.0.8016 - Disclosure - Short-Term Bank Loanstruefalsefalse1false falsefalseContext_FYE__30-Jun-2013http://www.sec.gov/CIK0001362718duration2012-07-01T00:00:002013-06-30T00:00:001true 1us-gaap_DebtDisclosureAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Short-Term Bank Loans [Abstract]2false 2us-gaap_ShortTermDebtTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00<div align="justify" style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Note 9 – Short-Term Bank Loans</div> <div style="display: block; text-indent: 0pt;"> </div> <div align="justify" style="margin-left: 27pt; display: block; margin-right: 0pt; text-indent: 0pt;">Short-term bank loans consist of the following:</div> <div align="justify" style="margin-left: 27pt; display: block; margin-right: 0pt; text-indent: 0pt;"> </div> <div align="justify" style="margin-left: 27pt; display: block; margin-right: 0pt; text-indent: 0pt;">  <table style="width: 90%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td width="66%" valign="bottom" style="padding-bottom: 2px;"> </td> <td width="1%" valign="bottom" style="padding-bottom: 2px;"> </td> <td width="10%" valign="bottom" style="border-bottom: black 2px solid;" colspan="2"> <div align="center" style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">June 30, 2013</div> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="padding-bottom: 2px; text-align: left;"> </td> <td width="1%" valign="bottom" style="padding-bottom: 2px;"> </td> <td width="10%" valign="bottom" style="border-bottom: black 2px solid;" colspan="2"> <div align="center" style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">June 30, 2012</div> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="padding-bottom: 2px; text-align: left;"> </td> </tr> <tr> <td width="66%" valign="bottom">  </td> <td width="1%" valign="bottom"> </td> <td width="10%" valign="bottom" colspan="2"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> <td width="1%" valign="bottom"> </td> <td width="10%" valign="bottom" colspan="2"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> </tr> <tr bgcolor="#cceeff"> <td width="66%" valign="bottom" style="text-align: justify;"> <div style="text-align: justify; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">On July 29, 2011, the Company obtained a loan from China CITIC Bank, out of which the principal was paid in full by February 28, 2013.The interest is calculated using an annual fixed interest rate of 7.216% and paid monthly. The loan was secured by the Company’s property and equipment, and guaranteed by Chengdu Tianyin Pharmaceutical Co., Ltd., a subsidiary of the Company.</div> </td> <td align="right" width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;">$</td> <td width="9%" valign="bottom" style="text-align: right;">-</td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> <td align="right" width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;">$</td> <td width="9%" valign="bottom" style="text-align: right;">1,268,000</td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> </tr> <tr bgcolor="white"> <td width="66%" valign="bottom">  </td> <td width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;"> </td> <td width="9%" valign="bottom" style="text-align: right;"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;"> </td> <td width="9%" valign="bottom" style="text-align: right;"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> </tr> <tr bgcolor="#cceeff"> <td width="66%" valign="bottom" style="text-align: justify;"> <div style="text-align: justify; margin-left: 0pt; display: block; margin-right: 3.6pt; text-indent: 0pt;">On September 1, 2011, the Company obtained a loan from China Huaxia Bank, out of which the principal was paid in full by August 30, 2012. The interest is calculated using an annual fixed interest rate of 7.544% and paid monthly. The loan was designated to finance the operating activities of JCM and was guaranteed by Chengdu Tianyin Pharmaceutical Co., Ltd., a subsidiary of the Company, Guoqing Jiang, a shareholder of the Company, and Hongwei Ma, the minority shareholder of JCM.</div> </td> <td align="right" width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;">$</td> <td width="9%" valign="bottom" style="text-align: right;">       -</td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;">$</td> <td width="9%" valign="bottom" style="text-align: right;">        1,585,000</td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> </tr> <tr bgcolor="white"> <td width="66%" valign="bottom">  </td> <td width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;"> </td> <td width="9%" valign="bottom" style="text-align: right;"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;"> </td> <td width="9%" valign="bottom" style="text-align: right;"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> </tr> <tr bgcolor="#cceeff"> <td width="66%" valign="bottom" style="text-align: justify;"> <div style="text-align: justify; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">On February 29, 2012, the Company obtained a loan from China CITIC Bank, out of which the principal was paid in full by February 28, 2013.The interest is calculated using an annual fixed interest rate of 7.872% and paid monthly. The loan was secured by the Company’s property and equipment, and guaranteed by Chengdu Tianyin Pharmaceutical Co., Ltd., a subsidiary of the Company.</div> </td> <td align="right" width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;">$</td> <td width="9%" valign="bottom" style="text-align: right;">-</td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> <td align="right" width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;">$</td> <td width="9%" valign="bottom" style="text-align: right;">1,585,000</td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> </tr> <tr bgcolor="white"> <td width="66%" valign="bottom">  </td> <td width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;"> </td> <td width="9%" valign="bottom" style="text-align: right;"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;"> </td> <td width="9%" valign="bottom" style="text-align: right;"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> </tr> <tr bgcolor="#cceeff"> <td width="66%" valign="bottom" style="text-align: justify;"> <div style="text-align: justify; margin-left: 0pt; display: block; margin-right: 3.6pt; text-indent: 0pt;">On March 21, 2012, the Company obtained a loan from China CITIC Bank, out of which the principal was paid in full by February 28, 2013.The interest is calculated using an annual fixed interest rate of 7.872% and paid monthly. The loan was secured by the Company’s property and equipment, and guaranteed by Chengdu Tianyin Pharmaceutical Co., Ltd., a subsidiary of the Company.</div> </td> <td align="right" width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;">$</td> <td width="9%" valign="bottom" style="text-align: right;">       -</td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> <td align="right" width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;">$</td> <td width="9%" valign="bottom" style="text-align: right;">1,585,000</td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> </tr> <tr bgcolor="white"> <td width="66%" valign="bottom">  </td> <td width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;"> </td> <td width="9%" valign="bottom" style="text-align: right;"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;"> </td> <td width="9%" valign="bottom" style="text-align: right;"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> </tr> <tr bgcolor="#cceeff"> <td width="66%" valign="bottom" style="text-align: justify;"> <div style="text-align: justify; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">On September 19, 2012, the Company obtained a loan from China Huaxia Bank, out of which the principal is to be paid in full by September 19, 2013. The interest is calculated using an annual fixed interest rate of 7.200% and paid monthly.</div> </td> <td align="right" width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;">$</td> <td width="9%" valign="bottom" style="text-align: right;">1,620,000</td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> <td align="right" width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;">$</td> <td width="9%" valign="bottom" style="text-align: right;">-</td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> </tr> <tr bgcolor="white"> <td width="66%" valign="bottom">  </td> <td width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;"> </td> <td width="9%" valign="bottom" style="text-align: right;"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;"> </td> <td width="9%" valign="bottom" style="text-align: right;"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> </tr> <tr bgcolor="#cceeff"> <td width="66%" valign="bottom" style="padding-bottom: 2px; text-align: justify;"> <div style="text-align: justify; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">On June 21, 2013, the Company obtained a loan from China CITIC Bank, out of which the principal is to be paid in full by December 21, 2013. The interest is calculated using an annual fixed interest rate of 6.440% and paid monthly. The loan was secured by the Company’s deposit certificates.</div> </td> <td align="right" width="1%" valign="bottom" style="padding-bottom: 2px;"> </td> <td width="1%" valign="bottom" style="border-bottom: black 2px solid; text-align: left;">$</td> <td width="9%" valign="bottom" style="border-bottom: black 2px solid; text-align: right;">4,309,200</td> <td align="right" width="1%" valign="bottom" style="padding-bottom: 2px;"> </td> <td width="1%" valign="bottom" style="border-bottom: black 2px solid; text-align: left;">$</td> <td width="9%" valign="bottom" style="border-bottom: black 2px solid; text-align: right;">-</td> <td width="1%" nowrap="nowrap" valign="bottom" style="padding-bottom: 2px; text-align: left;"> </td> </tr> <tr bgcolor="white"> <td width="66%" valign="bottom">  </td> <td width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;"> </td> <td width="9%" valign="bottom" style="text-align: right;"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" valign="bottom" style="text-align: left;"> </td> <td width="9%" valign="bottom" style="text-align: right;"> </td> <td width="1%" nowrap="nowrap" valign="bottom" style="text-align: left;"> </td> </tr> <tr bgcolor="#cceeff"> <td align="left" width="66%" valign="bottom" style="padding-bottom: 4px;"> <div align="left" style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">Total short-term bank loans      </div> </td> <td align="right" width="1%" valign="bottom" style="padding-bottom: 4px;"> </td> <td width="1%" valign="bottom" style="border-bottom: black 4px double; text-align: left;">$</td> <td width="9%" valign="bottom" style="border-bottom: black 4px double; text-align: right;">5,929,200</td> <td width="1%" nowrap="nowrap" valign="bottom" style="padding-bottom: 4px; text-align: left;"> </td> <td width="1%" valign="bottom" style="padding-bottom: 4px;"> </td> <td width="1%" valign="bottom" style="border-bottom: black 4px double; text-align: left;">$</td> <td width="9%" valign="bottom" style="border-bottom: black 4px double; text-align: right;">6,023,000</td> <td width="1%" nowrap="nowrap" valign="bottom" style="padding-bottom: 4px; text-align: left;"> </td> </tr> </table> </div> <div align="justify" style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;"> </div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for short-term debt.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 false0SHORT-TERM BANK LOANSfalseShort-Term Bank LoansUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.tianyinpharma.com/role/ShortTermBankLoans12