INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 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 34% to the Company’s effective tax rate are as follows:

 

	For the years ended June 30,
	2016		2015
		%		%
U.S. statutory tax rate		34.0		34.0
U.S. permanent difference		(11.0)		(4.9)
Change in valuation allowance		(105.9)		(109.4)
Rate differential in foreign jurisdiction		25.0		25.0
Other		3.3		15.4
Total tax expense		(54.6)		(39.9)

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

The income tax (expense) benefit for the years ended June 30, 2016 and 2015 are as follows:

	For the years ended June 30,
	2016		2015
Current
USA	$	-	$	-
Hong Kong		23,287		(23,963)
China		(555,280)		(519,958)
		(531,993)		(543,921)
Deferred
USA		(280,600)		116,700
Other countries		-		-
		(280,600)		116,700
Total	$	(812,593)	$	(427,221)

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

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

	For the years ended June 30,
	2016		2015
Allowance for doubtful accounts	$	65,000	$	248,000
Stock-based compensation		735,000		382,000
Net operating loss		3,752,000		2,176,000
Total deferred tax assets		4,552,000		2,806,000
Valuation allowance		(4,552,000)		(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:

	June 30,		June 30,
	2016		2015
VAT tax payable	$	475,066	$	296,935
Corporate income tax payable		1,100,380		664,132
Others		61,751		35,581
Total	$	1,637,197	$	996,648