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Restricted Net Assets (Tables) | 12 Months Ended
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Jun. 30, 2016
Restricted Net Assets [Abstract] |
Parent Company Condensed Balance Sheets |
Condensed Balance Sheets |  | As of June 30, |
|  | 2016 |  |  | 2015 |
ASSETS |  |  |  |  |  |
Current Assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 167,495 |  |  | $ | 306,376 |
Other current assets |  |  | 70 |  |  |  | 2,977 |
Total Current Assets |  |  | 167,565 |  |  |  | 309,353 |
Long-term equity investment |  |  | 376,321,912 |  |  |  | 377,245,446 |
Total long term assets |  |  | 376,321,912 |  |  |  | 377,245,446 |
Total Assets |  | $ | 376,489,477 |  |  | $ | 377,554,799 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | $ | 214,520 |  |  | $ | 214,520 |
Amount due to related parties |  |  | 1,388,743 |  |  |  | 888,743 |
Other payables and accrued expenses |  |  | 4,401,882 |  |  |  | 3,502,062 |
Total Current Liabilities |  |  | 6,005,145 |  |  |  | 4,605,325 |
Stockholders' Equity |  |  |  |  |  |  |  |
Common stock, $.001 par value, 115,197,165 shares authorized, 37,648,605 and 35,905,198, shares issued and outstanding as of June 30, 2016 and 2015, respectively |  |  | 37,648 |  |  |  | 35,905 |
Additional paid in capital |  |  | 127,593,932 |  |  |  | 123,360,384 |
Accumulated other comprehensive income |  |  | (5,696,388 | ) |  |  | 25,708,238 |
Retained earnings |  |  | 248,549,140 |  |  |  | 223,844,947 |
Total Stockholders' Equity |  |  | 370,484,332 |  |  |  | 372,949,474 |
Total Liabilities and Stockholders' Equity |  | $ | 376,489,477 |  |  | $ | 377,554,799
Parent Company Condensed Statements of Operations |
Condensed Statements of Operations |  | Year ended June 30, |
|  | 2016 |  |  | 2015 |
Revenue |  | $ | - |  |  | $ | - |
General and administrative expenses |  |  | 5,768,770 |  |  |  | 6,560,980 |
Interest income |  |  | 30 |  |  |  | 200 |
Equity investment in subsidiaries |  |  | 30,472,933 |  |  |  | 38,005,906 |
Net income |  | $ | 24,704,193 |  |  | $ | 31,445,126
Parent Company Condensed Statements of Cash Flows |
Condensed Statements of Cash Flows |  | Year Ended June 30, |
|  | 2016 |  |  | 2015 |
Net cash provided by (used in) operating activities |  | $ | (138,881 | ) |  | $ | 188,437 |
Net cash provided by investing activities |  |  | - |  |  |  | - |
Net cash provided by financing activities |  |  | - |  |  |  | - |
Cash and cash equivalents, beginning balance |  |  | 306,376 |  |  |  | 117,939 |
Cash and cash equivalents, ending balance |  | $ | 167,495 |  |  | $ | 306,376

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