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SUBSEQUENT EVENTS
 12 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
NOTE 22. SUBSEQUENT EVENTS
 
On July 23, 2016, the Board of the Company approved the termination of the acquisition of Qinghai Huayou Downhole Technology Co., Ltd.(“QHHY”), and, as a result, terminated the share purchase agreement and related control agreements.
 
On July 27, 2016, the Board of the Company approved the grant of 876,000 restricted shares valued at $963,600 to management with a vesting period of 3 years.
 
On July 27, 2016, the Company approved the hiring of an independent company strategy consulting firm, by issuing 250,000 restricted shares as compensation with a value of $275,000.
 
On July 26, 2016, the Company borrowed ¥500,000 ($75,252) from one of the shareholder’s family member bearing no interest, due by December 31, 2016 to supplement the Company’s working capital.
 
On September 6, 2016, the Company borrowed ¥50,000 ($7,525) from one of the shareholder’s family member bearing no interest, due by December 6, 2016 to supplement the Company’s working capital.
 
On September 9, 2016, the Company borrowed ¥968,318 ($145,736) from one of the shareholder’s family member bearing no interest, due by December 9, 2016 to supplement the Company’s working capital.