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INVENTORIES | 12 Months Ended
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Jun. 30, 2017
Inventory Disclosure [Abstract] |
Inventory Disclosure [Text Block] | NOTE 3- INVENTORIES The inventories consist of the following:
|  | June 30, 2017 |  | June 30, 2016 |
Raw materials |  | $ | 1,167,553 |  | $ | 842,559 |
Work-in-process |  |  | 672,966 |  |  | 3,230,729 |
Finished goods |  |  | 1,346,437 |  |  | 1,354,176 |
Less: inventory reserve |  |  | (840,683) |  |  | (819,285) |
Total |  | $ | 2,346,273 |  | $ | 4,608,179 |
Work-in-process includes direct costs such as seed selection, fertilizer, labor cost and subcontractor fees that are spent in growing agricultural products on the leased farmland, and indirect costs which include amortization of the prepayment of the farmland lease fees and farmland development costs. All the costs are accumulated until the time of harvest and then allocated to harvested crop costs when they are sold.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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