Other receivables and other receivable from termination of lease (Tables)

9 Months Ended

Mar. 31, 2016

Schedule of Other Receivables and Allowance for Doubtful Accounts [Table Text Block]

		March 31,			June 30,
		2016			2015
Other receivables, current	$	2,968,653		$	3,483,549
Less: Allowance for doubtful accounts, current		(2,652,014	)		(2,403,362	)
Other receivables - current, net	$	316,639		$	1,080,187
Other receivable from termination of lease	$	1,756,616		$	-

Schedule of other receivable from determination of lease as of the disposal date, the book value of the net assets [Table Text Block]

Total consideration	$	1,708,795
Net assets
Account receivables		5,055,125
Inventories		348,090
Fixed assets		443,515
Prepaid		48,138
Account payables		(2,952,200	)
Other payables		(820,297	)
Total net assets		2,122,371
Total		(413,576	)
Exchange rate effect		24,677
Loss	$	(388,899	)