INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Impaired Intangible Assets [Table Text Block]

Intangible assets consist of the following:

	June 30,		June 30,
	2012		2011
Land use rights, net	$	11,014,591	$	11,814,149
Technology patent, net		1,902,131		1,188,969
Customer relationships, net		8,253,368		9,045,858
Non-compete agreement, net		125,453		163,363
Trademarks		6,323,098		6,296,290
Total	$	27,618,641	$	28,508,629

Land Use Rights Disclosure [Table Text Block]

The Land Use Rights consist of the following:

	As of June 30,
	2012			2011
Land use rights	$	12,912,125		$	12,452,801
Less: accumulated amortization		(1,897,534	)		(638,652	)
Total land use rights, net	$	11,014,591		$	11,814,149

Technology Know How Disclosure [Table Text Block]

The technology know-how consisted of the following:

	As of June 30,
	2012			2011
Technology know-how	$	2,387,891,		$	2,332,113
Less: accumulated amortization		(485,760	)		(1,143,144	)
Total technology know-how, net	$	1,902,131		$	1,188,969

Customer Relationships Assets Disclosure [Table Text Block]

The preliminary fair value on the acquired customer relationships was estimated to be RMB 65,000,000 (or $9,715,268) and is amortized over the remaining useful life of ten years.

	As of June 30,
	2012			2011
Customer relationships	$	10,296,000		$	10,096,418
Less: accumulated amortization		(2,042,632	)		(1,050,560)
Total customer relationships, net	$	8,253,368		$	9,045,858

Non Compete Agreement Assets Disclosure [Table Text Block]

The preliminary fair value on the acquired non-compete agreement was estimated to be RMB 1,320,000 (or $197,295) and is amortized over the remaining useful life of five years using the straight line method.  

	June 30,			June 30,
	2012			2011
Non-compete agreement	$	209,088		$	204,204
Less: accumulated amortization		(83,635	)		(40,841)
Total non-compete agreement, net	$	125,453		$	163,363

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated amortization expenses of intangible assets for the next five (5) years after June 30, 2012, are as follows:

Year Ends	Expense ($)
June 30, 2013		1,665,601
June 30, 2014		1,665,601
June 30, 2015		1,665,601
June 30, 2016		1,665,601
June 30, 2017		1,665,601