CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2016	Jun. 30, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 679,306	$ 2,691,915
Restricted cash	6,127,548	11,062,358
Accounts and notes receivable, net of allowance for doubtful accounts of $24,248,822 and $28,209,249, as of March 31, 2016 and June 30, 2015, respectively	41,317,485	40,357,169
Inventories	1,149,896	1,416,664
Short term investments	0	5,401,499
Other receivables	316,639	1,080,187
Other receivable from termination of lease	1,736,616	0
Prepayments and advances	45,548,883	52,478,097
Deferred tax assets	1,739,757	1,836,757
Total current assets	98,616,130	116,324,646
PROPERTY PLANT AND EQUIPMENT, net	7,916,097	10,155,848
ADVANCES ON EQUIPMENT PURCHASES, net of allowance of $4,237,362 and $3,578,891 as of March 31, 2016 and June 30, 2015, respectively	282,491	1,684,064
Total assets	106,814,718	128,164,558
CURRENT LIABILITIES:
Short term loans, banks and bank guarantees	17,056,050	26,355,700
Notes payable	22,250,393	30,530,050
Accounts payable	31,147,714	23,399,883
Customer deposits	1,502,083	1,284,579
Other payables	803,403	2,704,233
Other payables - shareholders	198,229	83,678
Accrued liabilities	1,655,399	2,603,662
Capital lease obligations - current	0	1,489,384
Taxes payable	53,455	12,859
Total current liabilities	74,666,726	88,464,028
COMMITMENTS AND CONTINGENCIES	0	0
SHAREHOLDERS' EQUITY:
Preferred stock $0.001 par value, 1,000,000 shares authorized, no shares issued or outstanding	0	0
Common stock, $0.001 par value, 74,000,000 shares authorized, 2,180,799 shares issued and outstanding as of March 31, 2016 and June 30, 2015	2,181	2,181
Additional paid-in-capital	38,373,584	38,373,584
Accumulated deficit	(20,870,472)	(15,398,817)
Statutory reserves	6,248,357	6,248,357
Accumulated other comprehensive income	8,394,342	10,475,225
Total shareholders' equity	32,147,992	39,700,530
Total liabilities and shareholders' equity	$ 106,814,718	$ 128,164,558