XML 21 R9.htm IDEA: XBRL DOCUMENT v3.4.0.3
PROPERTY AND EQUIPMENT, NET
9 Months Ended
Mar. 31, 2016
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:
 
 
 
March 31, 2016
 
June 30, 2015
 
 
 
 
 
 
 
 
 
Buildings
 
$
4,850,443
 
$
5,113,662
 
Building improvement
 
 
54,447
 
 
57,467
 
Machinery equipment
 
 
460,577
 
 
476,044
 
Motor vehicles
 
 
238,502
 
 
251,726
 
Office equipment
 
 
204,367
 
 
206,134
 
Farmland leasehold improvement
 
 
3,261,592
 
 
3,442,441
 
 
 
 
9,069,928
 
 
9,547,474
 
 
 
 
 
 
 
 
 
Less: accumulated depreciation and amortization
 
 
(4,108,395)
 
 
(3,741,509)
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
 
$
4,961,533
 
$
5,805,965
 
 
Depreciation and amortization expense charged to operations were $567,806 and $561,728 for the nine months ended March 31, 2016 and 2015, respectively. Depreciation and amortization expense charged to operations were $185,403 and $138,672 for the three months ended March 31, 2016 and 2015, respectively.
 
Farmland leasehold improvements consist of following:
 
 
 
March 31, 2016
 
June 30, 2015
 
 
 
 
 
 
 
 
 
Blueberry farmland leasehold reconstruction
 
$
2,505,700
 
$
2,644,636
 
Yew tree planting base reconstruction
 
 
280,731
 
 
296,297
 
Greenhouse renovation
 
 
475,161
 
 
501,508
 
Total farmland leasehold improvement
 
$
3,261,592
 
$
3,442,441