INTANGIBLE ASSETS (Tables)

6 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Impaired Intangible Assets [Table Text Block]

Intangible assets consist of the following:

	December 31,		June 30,
	2014		2014
Land use rights, net	$	11,614,912	$	11,723,976
Technology patent, net		374,211		498,027
Customer relationships, net		5,833,543		6,350,586
Non-compete agreement		21,476		42,874
Trademarks		6,621,890		6,609,680
Total	$	24,466,032	$	25,225,143

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

Estimated amortization expenses of intangible assets for the next five twelve months periods ended December 31, 2014, are as follows:

AMORTIZATION TABLE
Year Ends	Expense ($)
December 31, 2015		1,593,753
December 31, 2016		1,447,540
December 31, 2017		1,322,803
December 31, 2018		1,322,803
December 31, 2019		1,322,803

Use Rights [Member]

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Impaired Intangible Assets [Table Text Block]

The Land Use Rights consist of the following:

	December 31,		June 30,
	2014		2014
Land use rights	$	13,262,644	$	13,238,189
Less: accumulated amortization		(1,647,732)		(1,514,213)
Total land use rights, net	$	11,614,912	$	11,723,976

Developed Technology Rights [Member]

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Impaired Intangible Assets [Table Text Block]

The technology know-how consisted of the following:

	December 31,		June 30,
	2014		2014
Technology know-how	$	2,452,714	$	2,448,191
Less: accumulated amortization		(2,078,503)		(1,950,164)
Total technology know-how, net	$	374,211	$	498,027

Customer Relationships [Member]

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Impaired Intangible Assets [Table Text Block]

	December 31,		June 30,
	2014		2014
Customer relationships	$	10,575,500	$	10,556,000
Less: accumulated amortization		(4,741,957)		(4,205,414)
Total customer relationships, net	$	5,833,543	$	6,350,586

Noncompete Agreements [Member]

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Impaired Intangible Assets [Table Text Block]

	December 31,		June 30,
	2014		2014
Non-compete agreement	$	214,764	$	214,368
Less: accumulated amortization		(193,288)		(171,494)
Total non-compete agreement, net	$	21,476	$	42,874