BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	9 Months Ended
	Mar. 31, 2016 USD ($)	Mar. 31, 2015 USD ($)	Mar. 31, 2016 CNY (¥)	Jun. 30, 2015 USD ($)
Amortization of Deferred Assets	$ 31,245,614	$ 35,902,903
Deposits, Total	77,000		¥ 500,000
China Banks [Member]
Interest-bearing Deposits in Banks and Other Financial Institutions	90,470,157			$ 92,982,564
United States Banks [Member]
Interest-bearing Deposits in Banks and Other Financial Institutions	47,972			$ 306,376
Cash, FDIC Insured Amount	$ 500,000