INCOME TAXES (Tables)

9 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

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

Reconciliations between the expected federal income tax rate using the federal statutory tax rate of 35% to the Company’s effective tax rate are as follows:

	For the three months ended				For the nine months ended
	March 31,				March 31,
	2016		2015		2016		2015
		%		%		%		%
U.S. expected federal income tax benefit		35.0		35.0		35.0		35.0
U.S state, local tax net of federal benefit		10.9		10.9		10.9		10.9
U.S. permanent difference		(0.6)		(0.2)		(0.6)		(0.2)
U.S. temporary difference		(45.3)		(45.7)		(45.3)		(45.7)
Permanent difference related to other countries		70.1		36.4		81.1		46.9
PRC statutory income tax expense		(25.0)		(25.0)		(25.0)		(25.0)
Hong Kong statutory income tax rate		(16.5)		(16.5)		(16.5)		(16.5)
Hong Kong income tax benefit		16.5		16.5		16.5		12.1
Total tax benefit		45.1		11.4		56.1		17.5

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

The income tax (expense) benefit for the three and nine months ended March 31, 2016 and 2015 are as follows:

	For the three months ended				For the nine months ended
	March 31,				March 31,
	2016		2015		2016		2015
Current
USA	$	-	$	-	$	-	$	-
Hong Kong		-		-		-		(5,770)
China		(265,721)		-		(558,476)		-
		(265,721)		-		(558,476)		(5,770)
Deferred
USA		-		34,067		(280,600)		91,300
Other countries		-		-		-		-
		-		34,067		(280,600)		91,300
Total income tax (expense) benefit	$	(265,721)	$	34,067	$	(839,076)	$	85,530

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

The Company’s deferred tax assets are comprised of the following:

	March 31,		June 30,
	2016		2015
Allowance for doubtful accounts	$	220,000	$	248,000
Stock-based compensation		627,000		382,000
Net operating loss		3,530,000		2,176,000
Total deferred tax assets		4,377,000		2,806,000
Valuation allowance		(4,377,000)		(2,525,400)
Deferred tax assets, net - long-term	$	-	$	280,600

Schedule Of Income Taxes Payable [Table Text Block]

The Company’s taxes payable consists of the following:

	March 31,		June 30,
	2016		2015
VAT tax payable	$	484,954	$	296,935
Corporate income tax payable		1,193,670		664,132
Others		61,603		35,581
Total	$	1,740,227	$	996,648