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OTHER RECEIVABLES / OTHER CURRENT LIABILITIES
9 Months Ended
Mar. 31, 2013
Other Assets and Other Liabilities Disclosure Current [Abstract]  
Other Assets and Other Liabilities Disclosure Current [Text Block]

3. OTHER RECEIVABLES / OTHER CURRENT LIABILITIES

 

(a) Other Receivables

 

Other receivables represent mainly amounts to be received from customers for advance payments made to the port agent for reimbursed charges to be incurred in connection with the costs of services as well as loans to employees. As of March 31, 2013 and June 30, 2012, the allowances for doubtful accounts totaled $80,000.

 

(b) Other Current Liabilities

 

Other current liabilities represent mainly advance payments received from customers for reimbursed port agent charges to be incurred and miscellaneous accrued liabilities.