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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) | 9 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2016 USD ($) | Mar. 31, 2015 USD ($) | Mar. 31, 2016 CNY (¥) | Jun. 30, 2015 USD ($)
Amortization of Deferred Assets | $ 31,245,614 | $ 35,902,903 |  |
Deposits, Total | 77,000 |  | ¥ 500,000 |
China Banks [Member] |  |  |  |
Interest-bearing Deposits in Banks and Other Financial Institutions | 90,470,157 |  |  | $ 92,982,564
United States Banks [Member] |  |  |  |
Interest-bearing Deposits in Banks and Other Financial Institutions | 47,972 |  |  | $ 306,376
Cash, FDIC Insured Amount | $ 500,000 |  |  |

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