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INVESTMENTS (Tables)
3 Months Ended
Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments [Table Text Block]
The Company’s investments in unconsolidated entities consist of the following:
 
 
 
September 30, 2017
 
June 30, 2017
 
 
 
 
 
 
 
Shaanxi Pharmaceutical Holding Group Longevity Pharmacy Co., Ltd. (Ankang Longevity Pharmacy)
 
$
2,921,271
 
$
2,744,391
 
Shaanxi Pharmaceutical Sunsimiao Drugstores Ankang Chain Co., Ltd.
 
 
644,916
 
 
611,228
 
Zhejiang Zhen’Ai Network Warehousing Services Co., Ltd.
 
 
2,178,843
 
 
2,139,461
 
Original Lab Inc.
 
 
200,000
 
 
200,000
 
Total
 
$
5,945,030
 
$
5,695,080
 
Equity Method Investments Summarized Financial Information [Table Text Block]
Summarized financial information of unconsolidated entities is as follows:
 
 
 
September 30, 2017
 
June 30, 2017
 
 
 
 
 
 
 
Current assets
 
$
35,535,941
 
$
32,880,168
 
Noncurrent assets
 
 
264,785
 
 
281,162
 
Current liabilities
 
 
28,538,267
 
 
26,328,322
 
 
 
 
For the three months ended September 30,
 
 
 
2017
 
2016
 
 
 
 
 
 
 
Net sales
 
$
7,445,561
 
$
7,072,032
 
Gross profit
 
 
969,677
 
 
895,484
 
Income from operations
 
 
303,766
 
 
328,365
 
Net income
 
 
302,975
 
 
328,941