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SEGMENT REPORTING (Tables)
3 Months Ended
Sep. 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 three months ended September 30, 2017:
 
 
 
For the three months ended September 30, 2017
 
 
 
Bluish
 
 
Herbal
 
 
Agricultural
 
 
 
 
 
 
dogbane
 
 
products
 
 
products
 
 
Total
 
Segment revenue
 
$
1,046,297
 
 
$
3,265,893
 
 
$
3,497,304
 
 
$
7,809,494
 
Cost of goods
 
 
581,291
 
 
 
2,585,063
 
 
 
2,539,157
 
 
 
5,705,511
 
Business and sales related tax
 
 
4,472
 
 
 
11,141
 
 
 
-
 
 
 
15,613
 
Gross profit
 
 
460,534
 
 
 
669,689
 
 
 
958,147
 
 
 
2,088,370
 
Gross profit contribution %
 
 
22.1
%
 
 
32.1
%
 
 
45.8
%
 
 
100.0
%
 
The following table presents summarized information by segment for the three months ended September 30, 2016:
 
 
 
For the three months ended September 30, 2016
 
 
 
Bluish
 
 
Herbal
 
 
Agricultural
 
 
 
 
 
 
dogbane
 
 
products
 
 
products
 
 
Total
 
Segment revenue
 
$
737,461
 
 
$
3,180,371
 
 
$
2,448,832
 
 
$
6,366,664
 
Cost of goods
 
 
367,220
 
 
 
2,437,713
 
 
 
1,631,239
 
 
 
4,436,172
 
Business and sales related tax
 
 
3,604
 
 
 
11,941
 
 
 
-
 
 
 
15,545
 
Gross profit
 
 
366,637
 
 
 
730,717
 
 
 
817,593
 
 
 
1,914,947
 
Gross profit contribution %
 
 
19.1
%
 
 
38.2
%
 
 
42.7
%
 
 
100.0
%
 
Total Assets as of
 
 
 
September 30, 2017
 
June 30, 2017
 
 
 
 
 
 
 
Bluish Dogbane or “Luobuma”
 
$
7,188,041
 
$
6,983,551
 
Herbal products
 
 
37,142,813
 
 
35,222,278
 
Agricultural products
 
 
26,945,434
 
 
26,079,141
 
 
 
$
71,276,288
 
$
68,284,970