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INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Impaired Intangible Assets [Table Text Block]

Intangible assets consist of the following:

		June 30,			June 30,
		2013			2012
Land use rights, net		$	11,940,658		$	11,014,591
Technology patent, net			744,280			1,902,131
Customer relationships, net			7,378,823			8,253,368
Non-compete agreement			85,430			125,453
Trademarks			6,458,822			6,323,098
Total		$	26,608,013		$	27,618,641

Land Use Rights Disclosure [Table Text Block]

The Land Use Rights consist of the following:

		June 30,			June 30,
		2013			2012
Land use rights		$	13,189,280		$	12,912,125
Less: accumulated amortization			(1,248,622)			(1,897,534)
Total land use rights, net		$	11,940,658		$	11,014,591

Technology Know How Disclosure [Table Text Block]

The technology know-how consisted of the following:

		June 30,			June 30,
		2013			2012
Technology know-how		$	2,439,146		$	2,387,891
Less: accumulated amortization			(1,694,866)			(485,760)
Total technology know-how, net		$	744,280		$	1,902,131

Customer Relationships Assets Disclosure [Table Text Block]

		June 30,			June 30,
		2013			2012
Customer relationships		$	10,517,000		$	10,296,000
Less: accumulated amortization			(3,138,177)			(2,042,632)
Total customer relationships, net		$	7,378,823		$	8,253,368

Non Compete Agreement Assets Disclosure [Table Text Block]

		June 30,			June 30,
		2013			2012
Non-compete agreement		$	213,576		$	209,088
Less: accumulated amortization			(128,146)			(83,635)
Total non-compete agreement, net		$	85,430		$	125,453

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated amortization expenses of intangible assets for the next five (5) years after June 30, 2013, are as follows:

Year Ends		Expense ($)
March 31, 2014			1,606,294
March 31, 2015			1,606,294
March 31, 2016			1,574,099
March 31, 2017			1,376,590
March 31, 2018			1,315,486

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

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