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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income (loss) $ (2,301,522) $ 643,922
Adjustment to reconcile net income (loss) to net cash used in operating activities    
Stock-based compensation to management 349,800 0
Amortization of stock-based compensation to consultants 1,327,780 512,269
Amortization of stock option expense 3,880 3,880
Depreciation and amortization 59,508 165,088
Provision of doubtful accounts 132,915 33,382
Deferred tax provision (benefit) 280,600 (116,700)
Loss on disposition of property and equipment 0 (20,693)
Changes in assets and liabilities    
Increase in advances to suppliers (2,141,935) (42,493)
Decrease (increase) in accounts receivable 616,280 (2,633,716)
Increase in other receivables (98,935) (17,566)
Increase in prepaid expense (4,228) (296,750)
Increase in other assets (30,600) (20,943)
Decrease (increase) in due from related parties 1,162,072 (724,425)
(Decrease) increase in advances from customers (101,828) 37,724
(Decrease) increase in accounts payable (202,098) 292,832
Increase in taxes payable 640,549 789,188
Increase (decrease) in accrued expenses and other current liabilities 186,714 (403,097)
Net cash used in operating activities (121,048) (1,798,098)
Investing Activities    
Acquisitions of property and equipment (31,659) (84,102)
Proceeds from sale of property and equipment 0 80,661
Cash collected from the termination of vessel acquisition 326,035
Collection of short-term loan from related party 0 1,113,599
Acquisitions of vessel 0 (516,229)
Net cash provided by investing activities 294,376 593,929
Financing Activities    
Proceeds from issuance of common stock, net 691,600 967,820
Purchase of common stock (45,011)
Net cash provided by financing activities 646,589 967,820
Effect of exchange rate fluctuations on cash and cash equivalents (164,245) 64,140
Net increase (decrease) in cash and cash equivalents 655,672 (172,209)
Cash and cash equivalents at beginning of year 730,322 902,531
Cash and cash equivalents at end of year 1,385,994 730,322
Supplemental information    
Income taxes paid 23,286 8,104
Consultants [Member]    
Non-cash transactions of operating activities:    
Common stock issued 435,000 1,419,950
LSM Acquisition [Member]    
Non-cash transactions of operating activities:    
Common stock issued 0 33,400
Vessel Acquisition [Member]    
Non-cash transactions of operating activities:    
Common stock issued 0 2,220,000
Return of common stock issued for vessel acquisition $ (2,220,000) $ 0