INTANGIBLE ASSETS (Tables)

3 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Impaired Intangible Assets [Table Text Block]

Intangible assets consist of the following:

	September 30,		June 30,
	2012		2012
Land use rights, net	$	11,858,140	$	11,014,591
Technology patent, net		909,075		1,902,131
Customer relationships, net		7,980,824		8,253,368
Non-compete agreement, net		114,781		125,453
Trademarks		6,311,123		6,323,098
Total	$	27,173,943	$	27,618,641

Land Use Rights Disclosure [Table Text Block]

The Land Use Rights consist of the following:

	September 30,			June 30,
	2012			2012
Land use rights	$	12,887,671		$	12,912,125
Less: accumulated amortization		(1,029,531	)		(1,897,534	)
Total land use rights, net	$	11,858,140		$	11,014,591

Technology Know How Disclosure [Table Text Block]

The technology know-how consisted of the following:

	September 30,			June 30,
	2012			2012
Technology know-how	$	2,383,368		$	2,387,891
Less: accumulated amortization		(1,474,293	)		(485,760	)
Total technology know-how, net	$	909,075		$	1,902,131

Customer Relationships Assets Disclosure [Table Text Block]

On July 2, 2010, the Company acquired Gufeng and its wholly-owned subsidiary Tianjuyuan. The preliminary fair value on the acquired customer relationships was estimated to be RMB 65,000,000 (or $10,276,500) and is amortized over the remaining useful life of ten years.

	September 30,			June 30,
	2012			2012
Customer relationships	$	10,276,500		$	10,296,000
Less: accumulated amortization		(2,295,676	)		(2,042,632	)
Total customer relationships, net	$	7,980,824		$	8,253,368

Non Compete Agreement Assets Disclosure [Table Text Block]

On July 2, 2010, the Company acquired Gufeng and its wholly-owned subsidiary Tianjuyuan. The preliminary fair value on the acquired non-compete agreement was estimated to be RMB 1,320,000 (or $208,692) and is amortized over the remaining useful life of five years using the straight line method.  

	September 30,			June 30,
	2012			2012
Non-compete agreement	$	208,692		$	209,088
Less: accumulated amortization		(93,911	)		(83,635	)
Total non-compete agreement, net	$	114,781		$	125,453

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated amortization expenses of intangible assets for the next five (5) years after September 30, 2012, are as follows:

Year Ends	Expense ($)
September 30, 2013		1,662,447
September 30, 2014		1,662,447
September 30, 2015		1,662,447
September 30, 2016		1,620,708
September 30, 2017		1,378,288