LOANS RECEIVABLE FROM PROPERTY DEVELOPMENT PROJECTS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
Jun. 30, 2015	Jun. 30, 2014
Allowance for doubtful deemed interest receivables	$ 68	$ 80
Jiang Huai [Member]
Short-term Loan income receivable	$ 325	$ 325
Other income
Impairment charge		$ 325
Allowance for doubtful deemed interest receivables		325
Jun Zhou Zhi Ye [Member]
Long-term Loan income receivable	$ 814	805
Other income	68
Yuan RMB \| Jiang Huai [Member]
Short-term Loan income receivable	2,000	2,000
Allowance for doubtful deemed interest receivables		2,000
Yuan RMB \| Jun Zhou Zhi Ye [Member]
Long-term Loan income receivable	5,000	$ 5,000
Other income	417
Allowance for doubtful deemed interest receivables	$ 417

The valuation allowance as of the balance sheet date to reduce the gross amount of receivables to estimated net realizable value, which would be presented in parentheses on the face of the balance sheet.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

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An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date(s) within one year of the balance sheet date or the normal operating cycle, whichever is longer. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale.

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