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INCOME TAXES (Details)
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
U.S. expected federal income tax benefit 35.00% 35.00%
U.S. state, local tax net of federal benefit 10.90% 10.90%
U.S. permanent difference (0.60%) (0.10%)
U.S. temporary difference (45.30%) (45.70%)
Differences related to other countries (35.80%) 24.50%
PRC statutory income tax expense (25.00%) 0.00%
Hong Kong statutory income tax rate (16.50%) (16.50%)
Hong Kong income tax benefit 16.50% 11.60%
Total tax (expense) benefit (60.80%) 19.70%