INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Schedule Of Components Of Income Tax Expense (Benefit) [Table Text Block]

The income tax (provision) benefit for the years ended June 30, 2013 and 2012 are as follows:

	For the years ended June 30,
	2013		2012
Current
USA	$	3,811	$	(29,768)
China		-		-
		3,811		(29,768)
Deferred
USA		(413,900)		150,000
China		-		-
		(413,900)		150,000
Total	$	(410,089)	$	120,232

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation between the expected federal income tax rate using the federal statutory tax rate of 35 percent to the Company’s effective income tax rate is as follows:

	For the years ended June 30,
	2013	2012
	%	%
U.S. expected federal income tax benefit	(35.00)	(35.00)
U.S. state, local tax net of federal benefit	(10.86)	(10.87)
U.S. permanent difference	1.20	0.78
U.S. temporary difference	44.66	28.89
Permanent differences related to other countries	19.30	9.50
Other	(0.37)	2.60
Total tax expense (benefit)	18.93	(4.10)