Income taxes (Tables)

6 Months Ended

Dec. 31, 2014

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The reconciliation of the income tax expense from continuing operations expected based on domestic statutory income tax rates to the expense for income taxes included in the statements of operations is as follows:

	December 31,		June 30,
	2014		2014
	(Unaudited)		(Audited)
Income (loss) before income tax	$	(1,510,015)	$	1,498,485

Expenses not deductible for tax purposes		875,353		307,761
Tax exemption and allowances		(249,500)		(247,846)
Tax flow income/loss		-		-
Taxable income		-		1,558,400
Tax of 17% (estimated Singapore Statutory Rate)	$	-	$	264,928
Tax rebate on net tax payable		-		(23,809)
Permanent difference		-		99,094
Tax liability per tax year	$	-	$	340,213
Under payment		-		1,618
Under provision		-		18,467
Total income tax liability	$	-	$	360,298

Tax liability per tax year	$	-	$	340,213
Under provision		-		18,467
Changes in deferred tax liability		-		12,323
Income tax expense	$	-	$	371,003

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of net deferred tax liabilities are as follows:

	December 31, 2014		June 30, 2014
	(Unaudited)		(Audited)
Deferred tax liabilities	$	114,861	$	114,861