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Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Mar. 31, 2017
Basis of Presentation and Summary of Significant Accounting Policies [Abstract] |
Components of basic and diluted earnings per share |
|  | Three Months Ended March 31, |
|  | 2017 |  |  | 2016 |
Net Income for Basic Earnings Per Share |  | $ | 8,191,675 |  |  | $ | 8,251,771 |
Basic Weighted Average Number of Shares |  |  | 38,532,033 |  |  |  | 36,962,166 |
Net Income Per Share – Basic |  | $ | 0.21 |  |  | $ | 0.22 |
Net Income for Diluted Earnings Per Share |  | $ | 8,191,675 |  |  | $ | 8,251,771 |
Diluted Weighted Average Number of Shares |  |  | 38,532,033 |  |  |  | 36,962,166 |
Net Income Per Share – Diluted |  | $ | 0.21 |  |  | $ | 0.22 |
|  | Nine Months Ended March 31, |
|  | 2017 |  |  | 2016 |
Net Income for Basic Earnings Per Share |  | $ | 21,049,266 |  |  | $ | 19,764,978 |
Basic Weighted Average Number of Shares |  |  | 37,941,957 |  |  |  | 36,610,131 |
Net Income Per Share – Basic |  | $ | 0.55 |  |  | $ | 0.54 |
Net Income for Diluted Earnings Per Share |  | $ | 21,049,266 |  |  | $ | 19,764,978 |
Diluted Weighted Average Number of Shares |  |  | 37,941,957 |  |  |  | 36,610,131 |
Net Income Per Share – Diluted |  | $ | 0.55 |  |  | $ | 0.54 |
Summary of changes in goodwill by reporting segments |
|  | Balance at |  |  |  |  |  | Foreign |  |  | Balance at |
|  | June 30, |  |  |  |  |  | Currency |  |  | March 31, |
Segment |  | 2016 |  |  | Additions |  |  | Adjustment |  |  | 2017 |
Gufeng |  | $ | 4,822,659 |  |  |  | - |  |  | $ | (172,590 | ) |  |  | 4,650,069 |
Acquisition of VIE Companies |  |  | 3,158,179 |  |  |  | 661,066 |  |  |  | (113,023 | ) |  |  | 3,706,222 |
|  | $ | 7,930,838 |  |  | $ | 661,066 |  |  | $ | (422,984 | ) |  | $ | 8,356,291 |
Schedule of assets and liabilities within fair value hierarchy |
|  | Fair Value |  |  | Fair Value Measurements at |
|  | As of March 31, |  |  | June 30, 2016 |
Description |  | 2017 |  |  | Using Fair Value Hierarchy |
|  |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Derivative liability |  | $ | 52,768 |  |  | $ | - |  |  | $ | 144,818 |  |  | $ | - |
Schedule of fair value binomial option pricing model binomial option pricing model |
Risk-free rate |  |  | 2.96 | %
Volatility |  |  | 51.4 | %
Dividend yield |  |  | 0.0 | %
Country risk premium |  |  | 90.0 | %
Liquidity risk premium |  |  | 3.0 | %

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=66048111&loc=SL7498348-110258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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