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RELATED PARTY TRANSACTIONS AND BALANCES
 12 Months Ended
Jun. 30, 2015
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
NOTE 20. RELATED PARTY TRANSACTIONS AND BALANCES
 
Sales to related parties– sales to related parties consisted of the following:
 
 
 
For the years ended June 30,
 
 
 
2014
 
2015
 
2015
 
 
 
RMB
 
RMB
 
U.S. Dollars
 
 
 
 
 
 
 
Beijing Yabei Nuoda Science and Technology Co. Ltd. *
 
¥
4,680,389
 
¥
-
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
Beijing Langchen Construction Company
 
 
640,000
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Xiamen Henda Haitian computer network Inc
 
 
1,334,188
 
 
1,676,036
 
 
275,266
 
 
 
 
 
 
 
 
 
 
 
 
Xiamen Huangsheng Hitek Computer Network Co. Ltd.
 
 
85,470
 
 
752,137
 
 
123,527
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from related parties
 
¥
6,740,047
 
¥
2,428,173
 
$
398,793
 
 
* Not a related party after October 31, 2014, (See Note 3).
 
Purchases from related parties –  purchases from related parties consisted of the following:
 
 
 
For the years ended June 30,
 
 
 
2014
 
2015
 
2015
 
 
 
RMB
 
RMB
 
U.S. Dollars
 
 
 
 
 
 
 
Huanghua Heng Da Xiang Tong Manufacture Ltd
 
¥
-
 
¥
862,782
 
$
141,700
 
 
 
 
 
 
 
 
 
 
 
 
Xiamen Huangsheng Hitek Computer Network Co. Ltd.
 
 
-
 
 
797,587
 
 
130,992
 
 
 
 
 
 
 
 
 
 
 
 
Purchase from related parties
 
¥
-
 
¥
1,660,369
 
$
272,692
 
 
Leases from related parties - The Company has various agreements for the lease of office space owned by the Founders and their family members.  The terms of the agreement state that the Company will continue to lease the property at a monthly rent of ¥95,000 with annual rental expense at approximately ¥1.1 million ($0.2 million). The two-year lease agreements between Nanjing Recon and Mr. Yin and his family member started from July 10, 2014, the one-year lease agreements between BHD and Mr. Chen Guangqiang and his family member started from January 1, 2015 and the annual lease between the Company and Mr. Chen Guangqiang’s family member started from July 1, 2014. 
 
Short-term borrowings from related parties - The Company borrowed ¥5,207,728 and ¥16,916,905 ($2,778,364) from the Founders, their family members and senior officers as of June 30, 2014 and 2015, respectively. For the specific terms and interest rates of the borrowings, see Note 12.
 
Expenses paid by the owner on behalf of Recon -  One owner of Nanjing Recon, Mr. Yin and the major owner of BHD, Mr. Chen paid certain operating expense for the Company. As of June 30, 2014 and June 30, 2015, ¥284,370 and ¥1,558,738 ($256,001) was due to them, respectively.