XML 89 R27.htm IDEA: XBRL DOCUMENT v3.2.0.727
ACQUISITION OF LONGHE SHIP MANAGEMENT COMPANY (Tables)
12 Months Ended
Jun. 30, 2015
Business Combinations [Abstract]  
Business Acquisition, Pro Forma Information [Table Text Block]
The following unaudited pro forma condensed financial information presents the combined results of operations of the Company and LSM as if the acquisition had occurred as of the beginning of each period presented. The pro forma information assumes the acquisition of LSM occurred on July 1, 2013.
 
 
 
As of and for the Year Ended June 30, 2015
 
 
 
SINO Group
 
LSM
 
Elimination
 
Combined
 
Revenues
 
$
11,130,540
 
$
285,042
 
$
-
 
$
11,415,582
 
Cost of revenues
 
$
5,839,839
 
$
144,621
 
$
-
 
$
5,984,460
 
Gross profit
 
$
5,290,701
 
$
140,421
 
$
-
 
$
5,431,122
 
Net income
 
$
551,691
 
$
136,308
 
$
-
 
$
687,999
 
Total assets
 
$
11,843,612
 
$
394
 
$
(33,456)
 
$
11,810,550
 
Total Liabilities
 
$
1,911,890
 
$
2,154
 
$
-
 
$
1,914,044
 
 
 
 
As of and for the Year Ended June 30, 2014
 
 
 
SINO Group
 
LSM
 
Elimination
 
Combined
 
Revenues
 
$
11,644,392
 
$
-
 
$
-
 
$
11,644,392
 
Cost of revenues
 
$
7,613,459
 
$
-
 
$
-
 
$
7,613,459
 
Gross profit
 
$
4,030,933
 
$
-
 
$
-
 
$
4,030,933
 
Net income
 
$
434,486
 
$
-
 
$
-
 
$
434,486
 
Total assets
 
$
5,713,954
 
$
-
 
$
-
 
$
5,713,954
 
Total Liabilities
 
$
1,230,795
 
$
-
 
$
-
 
$
1,230,795