INTANGIBLE ASSETS (Tables)

6 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Impaired Intangible Assets [Table Text Block]

Intangible assets consist of the following:

	December 31,		June 30,
	2012		2012
Land use rights, net	$	11,824,468	$	11,014,591
Technology patent, net		850,617		1,902,131
Customer relationships, net		7,743,454		8,253,368
Non-compete agreement, net		104,610		125,453
Trademarks		6,327,090		6,323,098
Total	$	26,850,239	$	27,618,641

Land Use Rights Disclosure [Table Text Block]

The Land Use Rights consist of the following:

	December 31,			June 30,
	2012			2012
Land use rights	$	12,920,277		$	12,912,125
Less: accumulated amortization		(1,095,809	)		(1,897,534	)
Total land use rights, net	$	11,824,468		$	11,014,591

Technology Know How Disclosure [Table Text Block]

The technology know-how consisted of the following:

	December 31,			June 30,
	2012			2012
Technology know-how	$	2,389,398		$	2,387,891
Less: accumulated amortization		(1,538,781	)		(485,760	)
Total technology know-how, net	$	850,617		$	1,902,131

Customer Relationships Assets Disclosure [Table Text Block]

	December 31,			June 30,
	2012			2012
Customer relationships	$	10,302,500		$	10,296,000
Less: accumulated amortization		(2,559,046	)		(2,042,632	)
Total customer relationships, net	$	7,743,454		$	8,253,368

Non Compete Agreement Assets Disclosure [Table Text Block]

	December 31,			June 30,
	2012			2012
Non-compete agreement	$	209,220		$	209,088
Less: accumulated amortization		(104,610	)		(83,635	)
Total non-compete agreement, net	$	104,610		$	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 December 31, 2012, are as follows:

Year Ends	Expense ($)
December 31, 2013	1,573,533
December 31, 2014	1,573,533
December 31, 2015	1,531,689
December 31, 2016	1,288,656
December 31, 2017	1,288,656