XML 47 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
INVESTMENTS (Tables)
 12 Months Ended
Jun. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments [Table Text Block]
The Company’s investments in unconsolidated entities consist of the following:
 
 
 
June 30, 2016
 
June 30, 2015
 
 
 
 
 
 
 
 
 
Shaanxi Pharmacy Holding Group Longevity Pharmacy Co., Ltd ( Ankang Longevity Pharmacy )
 
$
2,091,531
 
$
1,797,814
 
Shaanxi Pharmacy Sunsimiao Drugstores Ankang Chain Co., Ltd
 
 
493,008
 
 
452,939
 
Nanjing Kang Tian Yi Dressing & Adornment Co., Ltd
 
 
-
 
 
245,550
 
Zhejiang Zhen’Ai Network Warehousing Services Co., Ltd.
 
 
2,182,308
 
 
2,373,650
 
Total
 
$
4,766,847
 
$
4,869,953
 
 
The Company’s investments in real estate project consist of the following:
 
 
 
June 30, 2016
 
June 30, 2015
 
Shanxi XunyangHongye Real Estate Co., Ltd
 
$
-
 
$
6,548,000
 
 
 
 
 
 
 
 
 
Total investments (A+B)
 
$
4,766,847
 
$
11,417,953
 
Equity Method Investments Summarized Financial Information [Table Text Block]
Summarized financial information of unconsolidated entities is as follows:
 
 
 
June 30, 2016
 
June 30, 2015
 
 
 
 
 
 
 
 
 
Current assets
 
$
28,450,106
 
$
26,768,724
 
Noncurrent assets
 
 
386,764
 
 
547,736
 
Current liabilities
 
 
23,577,799
 
 
22,739,953
 
Noncurrent liabilities
 
 
-
 
 
-
 
 
 
 
For the years ended June 30,
 
 
 
2016
 
2015
 
Net sales
 
$
25,456,718
 
$
35,891,304
 
Gross profit
 
 
3,382,468
 
 
3,233,879
 
Income from operations
 
 
1,071,742
 
 
1,857,819
 
Net income
 
 
1,086,377
 
 
1,856,794