6. SHORT-TERM BORROWINGS FROM BANKS

6 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

NOTE 6 - SHORT-TERM BORROWINGS FROM BANKS

Short-term borrowings from banks consisted of the following as of:

	December 31, 2012		June 30, 2012
Loan dated June 2011, due to a financial institution, with principal and monthly interest payments (interest rate of 8.90% per annum), and the original remaining balance due September 2011, which was extended to March 2013 (interest rate of 7.36% per annum as extended)	$	139,134	$	139,134
Total	$	139,134	$	139,134