Property, Plant and Equipment

3 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 5 — Property, Plant and Equipment

Property, plant and equipment consist of the following:

	September 30,		June 30,		Useful Life
	2014		2014		(Years)
	(Unaudited)		(Audited)
Motor vehicles	$	78,881	$	78,881	5 – 7
Plant and equipment		436,408		436,408	10 – 15
Furniture and equipment		245,980		245,980	3 – 10
Leasehold improvements		1,674,834		1,674,834	19
Less: accumulated depreciation		(727,659)		(685,717)
	$	1,708,444	$	1,750,386

Depreciation expense for the three months ended September 30, 2014 was $41,942. Depreciation expense for the three months ended September 30, 2013 was $41,963.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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