ACCOUNTS RECEIVABLE, NET

3 Months Ended

Sep. 30, 2016

Accounts Receivable and Payable [Abstract]

Accounts Receivable Net Disclosure [Text Block]

Note 4. ACCOUNTS RECEIVABLE, NET

The Company’s net accounts receivable are as follows:

	September 30,		June 30,
	2016		2016
Trade accounts receivable	$	876,025	$	2,540,052
Less: allowances for doubtful accounts		(97,534)		(207,028)
Accounts receivables, net	$	778,491	$	2,333,024

For the three months ended September 30, 2016, recovery of doubtful accounts receivable was $109,693, because the Company fully collected the balance from Tengda Northwest Ferroalloy Co., Ltd. For the three months ended September 30, 2015, recovery of doubtful accounts receivable was $14,415.