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PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Property Plant and Equipment Excluding Construction Progress Disclosure [Text Block]

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

		June 30,			June 30,
		2013			2012
Building and improvements		$	29,836,072		$	38,021,436
Auto			729,978			835,412
Machinery and equipment			88,901,647			63,280,923
Agriculture assets			-			1,315,859
Total property, plant and equipment			119,467,697			103,453,630
Less: accumulated depreciation			(29,862,910)			(23,388,469)
Total		$	89,604,787		$	80,065,161

Depreciation expenses for the years ended June 30, 2013, 2012 and 2011 were $13,185,370, $4,429,960 and $4,161,068, respectively.

Agriculture assets consist of reproductive trees that are expected to be commercially productive for a period of eight years.

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- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software exclude construction in progress. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References

No definition available.

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