SEGMENT REPORTING

3 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 14. SEGMENT REPORTING

ASC 280, “Segment Reporting,” establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company's business segments.

The Company's chief operating decision maker has been identified as the Chief Executive Office who reviews the financial information of separate operating segments when making decisions about allocating resources and assessing performance of the group. As the Company has determined that it has four operating segments: shipping agency & ship management services, shipping & chartering services, inland transportation management services, and freight logistics services. However, due to the downturn of the shipping industry, the Company has decided to temporarily suspend to provide shipping agency & ship management services, and shipping & chartering services.

The following tables present summary information by segment for the three months ended September 30, 2016 and 2015, respectively:

	For the three months Ended September 30, 2016
					Inland
	Shipping Agency &				Transportation
	Ship Management		Shipping & Chartering		Management		Freight Logistic
	Services		Services		Services		Services		Total
Revenues	$	-	$	-	$	1,485,735	$	458,667	$	1,944,402
Cost of revenues	$	-	$	-	$	104,001	$	202,338	$	306,339
Gross profit	$	-	$	-	$	1,381,734	$	256,329	$	1,638,063
Depreciation and amortization	$	-	$	-	$	7,972	$	5,370	$	13,342
Total capital expenditures	$	-	$	-	$	-	$	-	$	-

	For the three months Ended September 30, 2015
					Inland
	Shipping Agency &				Transportation
	Ship Management		Shipping & Chartering		Management		Freight Logistic
	Services		Services		Services		Services		Total
Revenues	$	1,059,385	$	446,218	$	1,193,615	$	-	$	2,699,218
Cost of revenues	$	847,613	$	204,510	$	188,553	$	-	$	1,240,676
Gross profit	$	211,772	$	241,708	$	1,005,062	$	-	$	1,458,542
Depreciation and amortization	$	9,910	$	176	$	5,266	$	-	$	15,352
Total capital expenditures	$	927	$	-	$	-	$	-	$	927

Total assets as of:

	September 30,		June 30,
	2016		2016
Shipping Agency and Ship Management Services	$	-	$	1,271,948
Shipping & Chartering Services		-		534,896
Inland Transportation Management Services		9,331,229		7,247,300
Freight Logistic Services		163,112		-
Total Assets	$	9,494,341	$	9,054,144