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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
REVENUE        
Sales of concrete $ 16,051,501 $ 5,136,819 $ 46,504,087 $ 43,675,925
Manufacturing services 0 193 0 313,835
Total revenue 16,051,501 5,137,012 46,504,087 43,989,760
COST OF REVENUE        
Concrete 16,967,271 5,300,176 43,785,327 40,395,403
Manufacturing services 0 176 0 285,270
Total cost of revenue 16,967,271 5,300,352 43,785,327 40,680,673
GROSS (LOSS) PROFIT (915,770) (163,340) 2,718,760 3,309,087
RECOVERY OF (PROVISION FOR) DOUBTFUL ACCOUNTS 1,270,395 4,729,017 (1,192,128) 4,329,048
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (1,847,205) (2,737,190) (5,110,846) (8,303,995)
RESEARCH AND DEVELOPMENT EXPENSES (340,229) (159,475) (626,958) (1,008,523)
LOSS FROM TERMINATION OF LEASE (388,899) 0 (388,899) 0
LOSS REALIZED FROM DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT 0 (9,067) 0 (90,383)
(LOSS) INCOME FROM OPERATIONS (2,221,708) 1,659,945 (4,600,071) (1,764,766)
OTHER (EXPENSE) INCOME, NET        
Subsidy income 0 154,116 0 1,329,108
Non-operating expense, net (192,410) (220,996) (518,181) (517,783)
Interest income 2,765 124,978 250,805 1,026,764
Interest expense (216,514) (360,546) (604,208) (1,187,254)
TOTAL OTHER (LOSS) INCOME, NET (406,159) (302,448) (871,584) 650,835
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES (2,627,867) 1,357,497 (5,471,655) (1,113,931)
PROVISION FOR INCOME TAXES 0 (380,071) 0 (726,384)
NET (LOSS) INCOME (2,627,867) 977,426 (5,471,655) (1,840,315)
COMPREHENSIVE (LOSS) INCOME:        
Net (loss) income (2,627,867) 977,426 (5,471,655) (1,840,315)
Foreign currency translation adjustment 217,879 95,801 (2,080,883) 252,215
COMPREHENSIVE (LOSS) INCOME $ (2,409,988) $ 1,073,227 $ (7,552,538) $ (1,588,100)
Weighted average number of shares:        
Basic 2,180,799 2,080,799 2,180,799 1,888,332
Diluted 2,180,799 2,080,799 2,180,799 1,888,332
(Loss) earning per share:        
Basic $ (1.21) $ 0.47 $ (2.51) $ (0.97)
Diluted $ (1.21) $ 0.47 $ (2.51) $ (0.97)