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Restricted Net Assets (Tables) | 12 Months Ended
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Jun. 30, 2017
Restricted Net Assets [Abstract] |
Schedule of parent company condensed balance sheets |
Condensed Balance Sheets |  | As of June 30, |
|  | 2017 |  |  | 2016 |
ASSETS |  |  |  |  |  |
Current Assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 139,969 |  |  | $ | 167,495 |
Other current assets |  |  | 71 |  |  |  | 70 |
Total Current Assets |  |  | 140,040 |  |  |  | 167,565 |
Long-term equity investment |  |  | 404,406,925 |  |  |  | 376,321,912 |
Total long-term assets |  |  | 404,406,925 |  |  |  | 376,321,912 |
Total Assets |  | $ | 404,546,965 |  |  | $ | 376,489,477 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |
Accounts payable |  | $ | 214,520 |  |  | $ | 214,520 |
Amount due to related parties |  |  | 1,988,743 |  |  |  | 1,388,743 |
Other payables and accrued expenses |  |  | 4,815,649 |  |  |  | 4,401,882 |
Total Current Liabilities |  |  | 7,018,913 |  |  |  | 6,005,145 |
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 |  |  | 38,551 |  |  |  | 37,648 |
Additional paid in capital |  |  | 128,915,651 |  |  |  | 127,593,932 |
Accumulated other comprehensive income |  |  | (5,127,444 | ) |  |  | (5,696,388 | )
Retained earnings |  |  | 273,701,295 |  |  |  | 248,549,140 |
Total Stockholders’ Equity |  |  | 397,528,052 |  |  |  | 370,484,332 |
Total Liabilities and Stockholders’ Equity |  | $ | 404,546,965 |  |  | $ | 376,489,477 |
Schedule of parent company condensed statements of operations |
Condensed Statements of Operations |  | Year ended June 30, |
|  | 2017 |  |  | 2016 |
Revenue |  | $ | - |  |  | $ | - |
General and administrative expenses |  |  | 2,364,598 |  |  |  | 5,768,770 |
Interest income |  |  | 15 |  |  |  | 30 |
Equity investment in subsidiaries |  |  | 27,516,737 |  |  |  | 30,472,933 |
Net income |  | $ | 25,152,153 |  |  | $ | 24,704,193 |
Schedule of parent company condensed statements of cash flows |
Condensed Statements of Cash Flows |  | Year Ended June 30, |
|  | 2017 |  |  | 2016 |
Net cash provided by (used in) operating activities |  | $ | (627,526 | ) |  | $ | (138,881 | )
Net cash provided by investing activities |  |  | - |  |  |  | - |
Net cash provided by financing activities |  |  | 600,000 |  |  |  | - |
Cash and cash equivalents, beginning balance |  |  | 167,495 |  |  |  | 306,376 |
Cash and cash equivalents, ending balance |  | $ | 139,969 |  |  | $ | 167,495 |

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