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RESTRICTED NET ASSETS (Tables) | 12 Months Ended
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Jun. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Balance Sheet [Table Text Block] |
Condensed Balance Sheets |  | As of June 30, |
|  | 2014 |  | 2013 |
ASSETS |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 117,939 |  | $ | 62,299 |
Other current assets |  |  | 1,908 |  |  | 1,908 |
Total Current Assets |  |  | 119,847 |  |  | 64,207 |
Long-term equity investment |  |  | 335,598,200 |  |  | 299,923,857 |
Total long term assets |  |  | 335,598,200 |  |  | 299,923,857 |
Total Assets |  | $ | 335,718,047 |  | $ | 299,988,064 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |
Accounts payable |  | $ | 214,520 |  | $ | 394,520 |
Amount due to related parties |  |  | 588,343 |  |  | 138,343 |
Other payables and accrued expenses |  |  | 2,875,392 |  |  | 2,601,909 |
Total Current Liabilities |  |  | 3,678,255 |  |  | 3,134,772 |
Stockholders' Equities |  |  |  |  |  |  |
Common stock, $.001 par value, 115,197,165 shares authorized, 32,362,534 and 29,943,236, shares issued and outstanding as of June 30, 2014 and 2013, respectively |  |  | 32,362 |  |  | 29,943 |
Additional paid in capital |  |  | 114,605,214 |  |  | 105,962,909 |
Accumulated other comprehensive income |  |  | 22,840,491 |  |  | 21,813,410 |
Retained earnings |  |  | 194,561,725 |  |  | 169,047,030 |
Total Stockholders' Equity |  |  | 332,039,792 |  |  | 296,853,292 |
Total Liabilities and Stockholders' Equity |  | $ | 335,718,047 |  | $ | 299,988,064 |
Condensed Income Statement [Table Text Block] |
Condensed Statements of Operations |  | Year ended June 30, |
|  | 2014 |  | 2013 |  | 2012 |
Revenue |  | $ | - |  | $ | - |  | $ | - |
General and administrative expenses |  |  | 9,132,587 |  |  | 3,941,195 |  |  | 5,707,065 |
Interest income (expense) |  |  | 20 |  |  | 142 |  |  | 347 |
Equity investment in subsidiaries |  |  | 34,647,262 |  |  | 48,715,101 |  |  | 47,664,543 |
Net income |  | $ | 25,514,695 |  | $ | 44,774,048 |  | $ | 41,957,825 |
Condensed Cash Flow Statement [Table Text Block] |
Condensed Statements of Cash Flows |  | Year Ended June 30, |
|  | 2014 |  | 2013 |  | 2012 |
Net cash provided by (used in) operating activities |  | $ | 55,640 |  | $ | (215,239) |  | $ | (1,286,612) |
Net cash provided by (used in) investing activities |  |  | 0 |  |  | 0 |  |  | 0 |
Net cash provided by financing activities |  |  | 0 |  |  | 0 |  |  | 600,001 |
Cash and cash equivalents, beginning balance |  |  | 62,299 |  |  | 277,538 |  |  | 964,149 |
Cash and cash equivalents, ending balance |  | $ | 117,939 |  | $ | 62,299 |  | $ | 277,538 |

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