SEGMENT REPORTING

9 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 15. 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 detailing the Company's business segments.

The Company's chief operating decision maker is the Chief Executive Officer, who reviews the financial information of the separate operating segments when making decisions about allocating resources and assessing the performance of the group. The Company has determined that it has five operating segments: (1) shipping agency and ship management services; (2) shipping and chartering services; (3) inland transportation management services; (4) freight logistics services; and (5) container trucking services. However, due to the downturn in the shipping industry, the Company has decided to temporarily suspend to its shipping agency and ship management services and shipping and chartering services.

The following tables present summary information by segment for the three and nine months ended March 31, 2017 and 2016, respectively:

	For the three months Ended March 31, 2017
	Shipping				Inland
	Agency & Ship		Shipping &		Transportation		Freight		Container
	Management		Chartering		Management		Logistic		Trucking
	Services		Services		Services		Services		Services		Total
Revenues
- Related party	$	-	$	-	$	762,777	$	-	$	-	$	762,777
- Third parties	$	-	$	-	$	771,063	$	827,908	$	385,863	$	1,984,834
Cost of revenues	$	-	$	-	$	79,983	$	699,578	$	352,652	$	1,132,213
Gross profit	$	-	$	-	$	1,453,857	$	128,330	$	33,211	$	1,615,398
Depreciation and amortization	$	-	$	-	$	5,655	$	5,370	$	-	$	11,025
Total capital expenditures	$	-	$	-	$	55,474	$	-	$	-	$	55,474

	For the three months Ended March 31, 2016
	Shipping				Inland
	Agency & Ship		Shipping &		Transportation
	Management		Chartering		Management
	Services		Services		Services		Total
Revenues
- Related party	$	-	$	-	$	556,948	$	556,948
- Third parties	$	232,901	$	-	$	383,920	$	616,821
Cost of revenues	$	184,388	$	-	$	436,154	$	620,542
Gross profit	$	48,513	$	-	$	504,714	$	553,227
Depreciation and amortization	$	8,622	$	1,093	$	5,226	$	14,941
Total capital expenditures	$	-	$	15,360	$	-	$	15,360

	For the nine months ended March 31, 2017
	Shipping				Inland
	Agency & Ship		Shipping &		Transportation		Freight		Container
	Management		Chartering		Management		Logistic		Trucking
	Services		Services		Services		Services		Services		Total
Revenues
- Related party	$	-	$	-	$	2,229,180	$	-	$	-	$	2,229,180
- Third parties	$	-	$	-	$	2,241,998	$	1,803,641	$	545,742	$	4,591,381
Cost of revenues	$	-	$	-	$	271,784	$	1,068,951	$	448,613	$	1,789,348
Gross profit	$	-	$	-	$	4,199,394	$	734,690	$	97,129	$	5,031,213
Depreciation and amortization	$	-	$	-	$	20,322	$	16,110	$	-	$	36,432
Total capital expenditures	$	-	$	-	$	55,474	$	-	$	-	$	55,474

	For the nine months ended March 31, 2016
	Shipping				Inland
	Agency & Ship		Shipping &		Transportation
	Management		Chartering		Management
	Services		Services		Services		Total
Revenues
- Related party	$	-	$	-	$	1,916,510	$	1,916,510
- Third parties	$	1,782,157	$	462,218	$	1,309,053	$	3,553,428
Cost of revenues	$	1,427,989	$	212,510	$	927,846	$	2,568,345
Gross profit	$	354,168	$	249,708	$	2,297,717	$	2,901,593
Depreciation and amortization	$	25,562	$	3,051	$	15,404	$	44,017
Total capital expenditures	$	3,302	$	15,360	$	-	$	18,662

Total assets as of:

	March 31,		June 30,
	2017		2016
Shipping Agency & Ship Management Services	$	-	$	1,271,948
Shipping & Chartering Services		-		534,896
Inland Transportation Management Services		9,745,774		7,247,300
Freight Logistic Services		7,159,321		-
Container Trucking Services		703,363		-
Total Assets	$	17,608,458	$	9,054,144