INCOME TAXES (Tables)

6 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

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

The income tax (provision) benefit for the six months and three months ended December 31, 2013 and 2012, are as follows:

	For the six months ended December 31,				For the three months ended December 31,
	2013		2012		2013		2012
Current
USA	$	-	$	(24,100)	$	-	$	100
China		-		-		-		-
		-		(24,100)		-		100
Deferred
USA		4,733		(55,000)		(17,767)		78,000
China		-		-		-		-
		4,733		(55,000)		(17,767)		78,000
Total	$	4,733	$	(79,100)	$	(17,767)	$	78,100

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred tax assets are comprised of the following:

	December 31,		June 30,
	2013		2013
Allowance for doubtful accounts (A)	$	301,000	$	301,000
Stock-based compensation		307,000		307,000
Net operating loss		580,000		443,000
Total deferred tax assets		1,188,000		1,051,000
Valuation allowance (A)		(1,069,200)		(945,900)
Deferred tax assets, net - long-term (A)	$	118,800	$	105,100

Note (A): Net balance was not significant, therefore, considered as part of long-term portion