Short-Term Bank Loans (Tables)

12 Months Ended

Jun. 30, 2013

Short-Term Bank Loans [Abstract]

Schedule of short-term bank loans

	June 30, 2013		June 30, 2012
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.	$	-	$	1,268,000
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.	$	-	$	1,585,000
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.	$	-	$	1,585,000
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.	$	-	$	1,585,000
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.	$	1,620,000	$	-
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.	$	4,309,200	$	-
Total short-term bank loans	$	5,929,200	$	6,023,000