Taxes Payable (Tables)

12 Months Ended

Jun. 30, 2016

Taxes Payable [Abstract]

Schedule of taxes payable

	June 30,		June 30,
	2016		2015
VAT provision	$	2,218	$	27,251
Income tax payable		3,445,480		3,778,339
Other levies		656,520		698,952
Total	$	4,104,218	$	4,504,542

Schedule of provision for income taxes

	Years Ended June 30,
	2016		2015
Current tax - foreign	$	7,371,967	$	8,916,815
Deferred tax		-		-
	$	7,371,967	$	8,916,815

Schedule of deferred income tax assets and liabilities

	June 30,			June 30,
	2016			2015
Deferred tax assets:
Net operating loss	$	13,803,943		$	11,847,474
Total deferred tax assets		13,803,943			11,847,474
Less valuation allowance		(13,803,943	)		(11,847,474	)
	$	-		$	-

Schedule of effective income tax rate reconciliation

June 30, 2016
	China					United States
	15% - 25%					34%					Total
Pretax income (loss)	$	32,076,160				$	(5,768,770	)			$	26,307,390
Expected income tax expense (benefit)		8,019,040		25.0	%		(1,961,382	)	34.0	%		6,062,571
High-tech income benefits on Jinong		(2,214,672	)	(5.7	)%		-		-			(2,214,672	)
Losses from subsidiaries in which no benefit is recognized		1,567,599	)	(0.8	)%		-		-			1,567,599	)
Change in valuation allowance on deferred tax asset from US tax benefit		-					1,961,382		(34.0	)%		1,961,382
Actual tax expense	$	7,371,967		23	%	$	-		-	%	$	7,371,967		21.6	%

June 30, 2015
	China					United States
	15% - 25%					34%					Total
Pretax income (loss)	$	46,922,721				$	(6,562,530	)			$	40,360,191
Expected income tax expense (benefit)		11,730,680		25.0	%		(2,231,260	)	34.0	%		9,499,420
High-tech income benefits on Jinong		(2,675,905	)	(5.7	)%		-		-			(2,675,905	)
Losses from subsidiaries in which no benefit is recognized		(137,960	)	(0.3	)%		-		-			(137,960	)
Change in valuation allowance on deferred tax asset from US tax benefit		-					2,231,260		(34.0	)%		2,231,260
Actual tax expense	$	8,916,815		19.0	%	$	-		-	%	$	8,916,815		22.1	%