XML 41 R31.htm IDEA: XBRL DOCUMENT v3.4.0.3
Income taxes (Tables)
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2016
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]
    Three months ended  
    March 31,  
    2016     2015  
             
USA and BVI $ (71,913 ) $ (451,045 )
China   (2,555,954 )   1,808,542  
  $ (2,627,867 ) $ 1,357,497  
    Nine months ended  
    March 31,  
    2016     2015  
             
USA and BVI $ (820,759 ) $ (1,110,570 )
China   (4,650,896 )   (3,361 )
  $ (5,471,655 ) $ (1,113,931 )
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
    Three months ended  
    March 31,  
    2016     2015  
Current provision:            
   USA $   -   $   -  
   China   -     (203 )
Total current provision   -     (203 )
Deferred provision:            
   USA   -     -  
   China   -     (379,868 )
Total deferred provision   -     (379,868 )
Total provision for income taxes $   -   $ (380,071 )
    Nine months ended  
    March 31,  
    2016     2015  
Current provision:            
   USA $   -   $   -  
   China   -     (330,029 )
Total current provision   -     (330,029 )
Deferred provision:            
   USA   -     -  
   China   -     (396,355 )
Total deferred provision   -     (396,355 )
Total provision for income taxes $   -   $ (726,384 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]  
    March 31,     June 30,  
    2016     2015  
Deferred tax assets - current            
   Allowance for doubtful accounts $ 4,349,394   $ 4,591,891  
   Valuation allowance   (2,609,637 )   (2,755,134 )
Total deferred tax assets - current $ 1,739,757   $ 1,836,757  
Deferred tax assets - non-current            
   Net operating loss carryforward in the U.S. $ 309,440   $ 309,393  
   Impairment loss of long-lived assets   -     -  
    309,440     309,393  
   Valuation allowance   (309,440 )   (309,393 )
Total deferred tax assets - non-current $   -   $   -  
Schedule of Changes to Valuation Allowance for Deferred Tax Assets [Table Text Block]
    Valuation  
    Allowance  
For deferred tax assets - current      
As of June 30, 2015 $ 2,755,134  
   Allowance for doubtful accounts   -  
   Increased allowance rate   -  
   Effect of exchange rate difference   (145,499 )
As of March 31, 2016 $ 2,609,635  
    Valuation  
    Allowance  
For deferred tax assets – noncurrent      
As of June 30, 2015 $ 309,393  
   Net operating loss carryforward in the U.S.   47  
   Impairment loss of long-lived assets   -  
As of March 31, 2016 $ 309,440  
Schedule of Taxes Payable [Table Text Block]  
    March 31,     June 30,  
    2016     2015  
Income taxes payable $   -   $   -  
Other taxes payable   53,455     12,859  
Total taxes payable $ 53,455   $ 12,859