PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

	June 30,		June 30,
	2014		2013
Building and improvements	$	29,930,240	$	29,836,072
Auto		732,684		729,978
Machinery and equipment		36,193,501		34,796,026
Agriculture assets		826,549		824,004
Total property, plant and equipment		67,682,974		66,159,080
Less: accumulated depreciation		(19,621,363)		(15,498,091)
Total	$	48,061,611	$	50,660,989

Depreciation expenses for the years ended June 30, 2014, 2013 and 2012 were $4,385,103, $3,214,655 and $3,265,611, respectively.

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

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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