OTHER LONG-TERM ASSETS (Details Textual) $ / shares in Units, ¥ in Millions, shares in Millions		1 Months Ended				12 Months Ended
	Apr. 10, 2015 USD ($) $ / shares shares	May 23, 2016 shares	Dec. 31, 2015 USD ($)	Jun. 30, 2015 USD ($)	Apr. 15, 2015 CNY (¥) shares	Jun. 30, 2016 USD ($) shares	Jun. 30, 2015 USD ($) shares	Jun. 30, 2015 CNY (¥) shares
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Equipment				$ 2,736,229		$ 0	$ 2,736,229
Payments to Acquire Furniture and Fixtures							$ 516,229	¥ 3.2
Advance Payment To Investment Advisory Services Success Fee | ¥					¥ 3.5
Payments to Acquire Businesses, Gross | ¥					¥ 3.2
Assets Purchase Agreement [Member]
Stock Issued During Period, Shares, Purchase of Assets | shares	1.2				1.2
Stock Issued During Period, Value, Purchase of Assets				$ 2,220,000
Proceeds from Refund						$ 330,000
Stock Issued During Period, Value, Restricted Stock Award, Forfeitures			$ 330,000
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited | shares		1.2				1.2
Restricted Stock [Member]
Stock Issued During Period, Shares, Purchase of Assets | shares	1.2						1.2	1.2
Stock Issued During Period, Value, Purchase of Assets	$ 2,220,000
Business Acquisition Purchase Price Of Other Property Plant And Equipment	$ 10,500,000
Shares Issued, Price Per Share | $ / shares	$ 1.85