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Warrants liability (Tables) | 6 Months Ended
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Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | These common stock purchase warrants do not trade in an active securities market, and as such, their fair value is estimated by using the Cox-Ross-Rubinstein (CRR) Binomial Model using the following assumptions:
|  | December 31, |  |  | November 29, |
|  | 2013 |  |  | 2013 |
Annual dividend yield |  | - |  |  | - |
Exercised price |  | 5.38 |  |  | 5.38 |
Underlying price at grant date |  | 3.86 |  |  | 3.86 |
Expected life (years) |  | 3 |  |  | 3 |
Risk-free interest rate |  | 0.78 | % |  | 0.56 | %
Expected volatility |  | 272 | % |  | 272 | %
Schedule Of Fair Value Hierarchy Measured On Recurring Basis For Warrants Liability [Table Text Block] | The following table sets forth by level within the fair value hierarchy the warrants liability that was accounted at fair value on a recurring basis.
|  |  | Carrying Value at |  | Carrying Value at |
| Fair Value Measurement at December 31, 2013 |  | December 31, 2013 |  | December 31, 2013 |
| Level 1 |  | Level 2 |  | Level 3 |  | RMB |  | USD |
Warrants liability | ¥ | - |  | ¥ | 5,044,722 |  | ¥ | - |  | ¥ | 5,044,722 |  | $ | 825,596 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The following is a reconciliation of the beginning and ending balance of the assets and liabilities measured at fair value on a recurring basis for six months ended December 31, 2013: For the six months ended December 31, 2013:
| Changes in warrants liability |
| RMB |  | USD |
Beginning balance - June 30, 2013 | ¥ | - |  | $ | - |
Initial measurement of warrants liability on November 29, 2013 |  | 5,045,278 |  |  | 825,687 |
Change in warrants liability from November 29, 2013 to December 31, 2013 |  | (556) |  |  | (91) |
Ending balance - December 31, 2013 | ¥ | 5,044,722 |  | $ | 825,596 |

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- Definition Tabular disclosure for fair value hierarchy instruments measured on recurring basis for warrants liability during the reporting period. + References No definition available. + Details
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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 + Details
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