The valuation allowance as of the balance sheet date to reduce the gross amount of receivables to estimated net realizable value, which would be presented in parentheses on the face of the balance sheet.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

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A valuation allowance for doubtful other receivables due to an entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible and not separately disclosed.

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A deposit made by a purchaser of real estate to evidence good faith. It is customary for a buyer to give the seller earnest money at the time a sales contract is signed. The earnest money generally is credited to the down payment at closing, which is applied at closing as a component of payment against the purchase price.

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An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date(s) within one year of the balance sheet date or the normal operating cycle, whichever is longer. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale.

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An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date(s) more than one year from the balance sheet date. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale.

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LOANS RECEIVABLE FROM PROPERTY DEVELOPMENT PROJECTS (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Jun. 30, 2014	Mar. 31, 2014
Jiang Huai RMB [Member]
Short-term loan receivables
Short-term	$ 2,000	$ 2,000
Less: Impairment	(2,000)
Less: allowance for doubtful receivables		(2,000)
Short-term loan receivables, net
Jiang Huai USD [Member]
Short-term loan receivables
Short-term	325	325
Less: Impairment	(325)
Less: allowance for doubtful receivables		(325)
Short-term loan receivables, net
Jun Zhou Zhi Ye RMB [Member]
Long-term loan receivables
Long-term	5,000	5,000	5,000
Less: transfer – down-payment for purchase of property	(5,000)
Long-term loan receivables, net		5,000
Jun Zhou Zhi Ye U S D [Member]
Long-term loan receivables
Long-term	814	805
Less: transfer – down-payment for purchase of property	(814)
Long-term loan receivables, net		$ 805