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PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Jun. 30, 2012
Property, Plant and Equipment [Abstract]  
Property Plant and Equipment Excluding Construction Progress Disclosure [Text Block]

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consist of the following:

 

    As of June 30,  
    2012     2011  
Building and improvements   $ 36,174,009     $ 44,032,549  
Auto     835,412       1,491,849  
Machinery and equipment     63,280,923       37,570,652  
Agriculture assets     3,163,286       1,607,333  
Total property, plant and equipment     103,453,630       84,702,383  
Less: accumulated depreciation     (23,388,469 )     (18,490,942 )
Total   $ 80,065,161     $ 66,211,441  

 

Depreciation expenses for the years ended June 30, 2012, 2011 and 2010 were $4,429,960, $4,161,068 and $2,310,596, respectively.

 

Agriculture assets consist of reproductive trees that are expected to be commercially productive for a period of eight years.