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PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
NOTE 4- PROPERTY AND EQUIPMENT, NET
 
Property and equipment consist of the following:
 
 
 
June 30, 2017
 
June 30, 2016
 
 
 
 
 
 
 
Buildings
 
$
10,516,245
 
$
10,726,872
 
Building improvements
 
 
51,797
 
 
52,834
 
Machinery and equipment
 
 
474,888
 
 
443,846
 
Motor vehicles
 
 
48,651
 
 
231,434
 
Construction in progress
 
 
442,646
 
 
451,512
 
Office equipment
 
 
153,836
 
 
208,022
 
Farmland leasehold improvements
 
 
3,102,803
 
 
3,164,943
 
 
 
 
14,790,866
 
 
15,279,463
 
Less: accumulated depreciation and amortization
 
 
(4,470,470)
 
 
(4,244,264)
 
Property, plant and equipment, net
 
$
10,320,396
 
$
11,035,199
 
 
Depreciation and amortization expense charged to operations was $535,806 and $831,057 for the years ended June 30, 2017 and 2016, respectively.
 
Farmland leasehold improvements consist of following:
 
 
 
June 30, 2017
 
June 30, 2016
 
 
 
 
 
 
 
Blueberry farmland leasehold reconstruction
 
$
2,383,711
 
$
2,431,450
 
Yew tree planting base reconstruction
 
 
267,064
 
 
272,412
 
Greenhouse renovation
 
 
452,028
 
 
461,081
 
Total farmland leasehold improvements
 
$
3,102,803
 
$
3,164,943