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LOAN RECEIVABLE FROM PROPERTY DEVELOPMENT PROJECTS (Details) (USD $) In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013
--- | --- | ---
Loan receivables, short term |  | $ 1,139
Loan receivables, long term | 805 |
R M B [Member] |  |
Loan receivables, short term |  | 7,000
Loan receivables, long term | 5,000 |
Jiang Huai [Member] |  |
Loan receivables, short term | 325 | 325
Less: Allowance for Impairment | (325) |
Jiang Huai [Member] | R M B [Member] |  |
Loan receivables, short term | 2,000 | 2,000
Less: Allowance for Impairment | (2,000) |
JunZhour [Member] |  |
Loan receivables, long term | 805 |
JunZhour [Member] | R M B [Member] |  |
Loan receivables, long term | 5,000 |
Jia Sheng [Member] |  |
Loan receivables, short term |  | 814
Jia Sheng [Member] | R M B [Member] |  |
Loan receivables, short term |  | $ 5,000

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- Definition The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 + Details
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- Definition A valuation allowance for doubtful other receivables due to an entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible and not separately disclosed. + References No definition available. + Details
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- Definition The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle) and amount due to the Entity from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such investments and receivables to an amount that approximates their net realizable value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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