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PROPERTY AND EQUIPMENT, NET

3 Months Ended

Sep. 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:

		September 30, 2017			June 30, 2017
Buildings		$	10,709,838		$	10,516,245
Building improvements			52,750			51,797
Machinery and equipment			484,829			474,888
Motor vehicles			49,547			48,651
Construction in progress			450,795			442,646
Office equipment			162,805			153,836
Farmland leasehold improvements			3,159,917			3,102,803
			15,070,481			14,790,866
Less: accumulated depreciation and amortization			(4,690,057)			(4,470,470)
Property, plant and equipment, net		$	10,380,424		$	10,320,396

Depreciation and amortization expense charged to operations was $136,982 and $147,367 for the three months ended September 30, 2017 and 2016, respectively.

Farmland leasehold improvements consist of following:

		September 30, 2017			June 30, 2017
Blueberry farmland leasehold reconstruction		$	2,427,589		$	2,383,711
Yew tree planting base reconstruction			271,980			267,064
Greenhouse renovation			460,348			452,028
Total farmland leasehold improvements		$	3,159,917		$	3,102,803

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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