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SEGMENT REPORTING (Tables)

12 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following table presents summarized information by segment for the year ended June 30, 2017:

		For the year ended June 30, 2017
		Bluish				Herbal				Agricultural
		dogbane				products				products				Total
Segment revenue		$	3,624,993			$	13,245,236			$	16,722,108			$	33,592,337
Cost of goods			1,695,938				10,124,063				10,956,034				22,776,035
Business and sales related tax			16,076				59,898				-				75,974
Gross profit			1,912,979				3,061,275				5,766,074				10,740,328
Gross profit contribution %			17.8	%			28.5	%			53.7	%			100.0	%

The following table presents summarized information by segment for the year ended June 30, 2016:

		For the year ended June 30, 2016
		Bluish				Herbal				Agricultural
		dogbane				products				products				Total
Segment revenue		$	4,387,060			$	14,031,955			$	16,787,837			$	35,206,852
Cost of goods			1,974,182				10,990,162				11,072,897				24,037,241
Business and sales related tax			20,711				64,327				-				85,038
Gross profit			2,392,167				2,977,466				5,714,940				11,084,573
Gross profit contribution %			21.6	%			26.9	%			51.5	%			100.0	%

Total Assets as of

		June 30, 2017			June 30, 2016
Bluish Dogbane or “Luobuma”		$	6,983,551		$	6,963,093
Herbal products			35,222,278			28,088,515
Agricultural products			26,079,141			21,997,180
		$	68,284,970		$	57,048,788

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

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X

- References

No definition available.

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