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RESTRICTED NET ASSETS (Tables) | 12 Months Ended
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Jun. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Balance Sheet [Table Text Block] |
Condensed Balance Sheets |  | As of June 30, |
|  | 2015 |  | 2014 |
ASSETS |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 306,376 |  | $ | 117,939 |
Other current assets |  |  | 2,977 |  |  | 1,908 |
Total Current Assets |  |  | 309,353 |  |  | 119,847 |
Long-term equity investment |  |  | 377,245,446 |  |  | 335,598,200 |
Total long term assets |  |  | 377,245,446 |  |  | 335,598,200 |
Total Assets |  | $ | 377,554,799 |  | $ | 335,718,047 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |
Accounts payable |  | $ | 214,520 |  | $ | 214,520 |
Amount due to related parties |  |  | 888,743 |  |  | 588,343 |
Other payables and accrued expenses |  |  | 3,502,062 |  |  | 2,875,392 |
Total Current Liabilities |  |  | 4,605,325 |  |  | 3,678,255 |
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, 2015 and 2014, respectively |  |  | 35,905 |  |  | 32,362 |
Additional paid in capital |  |  | 123,360,384 |  |  | 114,605,214 |
Accumulated other comprehensive income |  |  | 25,708,238 |  |  | 22,840,491 |
Retained earnings |  |  | 223,844,947 |  |  | 194,561,725 |
Total Stockholders' Equity |  |  | 372,949,474 |  |  | 332,039,792 |
Total Liabilities and Stockholders' Equity |  | $ | 377,554,799 |  | $ | 335,718,047 |
Condensed Income Statement [Table Text Block] |
Condensed Statements of Operations |  | Year ended June 30, |
|  | 2015 |  | 2014 |  | 2013 |
Revenue |  | $ | - |  | $ | - |  | $ | - |
General and administrative expenses |  |  | 6,560,980 |  |  | 9,132,587 |  |  | 3,941,195 |
Interest income (expense) |  |  | 200 |  |  | 20 |  |  | 142 |
Equity investment in subsidiaries |  |  | 38,005,906 |  |  | 34,647,262 |  |  | 48,715,101 |
Net income |  | $ | 31,445,126 |  | $ | 25,514,695 |  | $ | 44,774,048 |
Condensed Cash Flow Statement [Table Text Block] |
Condensed Statements of Cash Flows |  | Year Ended June 30, |
|  | 2015 |  | 2014 |  | 2013 |
Net cash provided by (used in) operating activities |  | $ | 188,437 |  | $ | 55,640 |  | $ | (215,239) |
Net cash provided by (used in) investing activities |  |  | - |  |  |  |  |  |  |
Net cash provided by financing activities |  |  | - |  |  |  |  |  |  |
Cash and cash equivalents, beginning balance |  |  | 117,939 |  |  | 62,299 |  |  | 277,538 |
Cash and cash equivalents, ending balance |  | $ | 306,376 |  | $ | 117,939 |  | $ | 62,299 |

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