5. LOANS RECEIVABLE FROM PROPERTY DEVELOPMENT PROJECTS (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Jiang Huai [Member]
Short-term loan receivables
Short-term	$ 325	$ 325
Less: allowance for doubtful receivables	(325)	(325)
Short-term loan receivables, net	0	0
Yuan RMB \| Jun Zhou Zhi Ye [Member]
Long-term loan receivables
Long-term	5,000	5,000
Less: transfer - down-payment for purchase of property	(5,000)	(5,000)
Long-term loan receivables, net	0	0
Yuan RMB \| Jiang Huai [Member]
Short-term loan receivables
Short-term	2,000	2,000
Less: allowance for doubtful receivables	(2,000)	(2,000)
Short-term loan receivables, net	0	0
USD \| Jun Zhou Zhi Ye [Member]
Long-term loan receivables
Long-term	814	814
Less: transfer - down-payment for purchase of property	(814)	(814)
Long-term loan receivables, net	$ 0	$ 0

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.

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A deposit made by a purchaser of real estate to evidence good faith. It is customary for a buyer to give the seller earnest money at the time a sales contract is signed. The earnest money generally is credited to the down payment at closing, which is applied at closing as a component of payment against the purchase price.

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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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