Taxes Payable (Tables)

9 Months Ended

Mar. 31, 2017

Taxes Payable [Abstract]

Schedule of taxes payable

	March 31,			June 30,
	2017			2016
VAT provision	$	(423,349	)	$	2,218
Income tax payable		3,803,310			3,445,480
Other levies		121,702			656,520
Total	$	3,501,663		$	4,104,218

Schedule of provision for income taxes

	March 31, 2017		June 30, 2016
Current tax - foreign	$	4,772,160	$	7,371,967
Deferred tax		-		-
	$	4,772,160	$	7,371,967

Schedule of effective income tax rate reconciliation

March 31, 2017
	China					United States
	15% - 25%					34%						Total
Pretax income (loss)	$	25,831,101		-			(2,067,988	)		-		$	23,763,113
Expected income tax expense (benefit)		6,457,775		25.0	%		(703,116	)		34.0	%		5,754,659
High-tech income benefits on Jinong		(1,653,707	)	(6	)%					-			(1,653,707	)
Losses from subsidiaries in which no benefit is recognized		(31,908	)	(0.1	)%					-			(31,908	)
Change in valuation allowance on deferred tax asset from US tax benefit		0		-			703,116		703,116	(34.0	)%		703,116
Actual tax expense	$	4,772,160		18	%	$	-			-	%	$	4,772,160		20.1	%

March 31, 2016
	China					United States
	15% - 25%					34%					Total
Pretax income (loss)	$	24,931,875		-			3,973		-		$	20,957,987
Expected income tax expense (benefit)		6,232,969		25.0	%		(1,351,122	)	34.0	%		4,881,847
High-tech income benefits on Jinong		(1,729,430	)	(6.94	)%		-		-			(1,729,430	)
Losses from subsidiaries in which no benefit is recognized		663,358		2.66	%		-		-			663,358
Change in valuation allowance on deferred tax asset from US tax benefit		-		-			1,351,122		(34.0	)%		1,351,122
Actual tax expense	$	5,166,897		21	%	$	-		-	%	$	5,166,897		24.7	%