PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

	June 30,		June 30,
	2015		2014
Building and improvements	$	43,699,066	$	43,020,120
Auto		900,562		950,428
Machinery and equipment		23,173,209		22,885,877
Agriculture assets		833,165		826,549
Total property, plant and equipment		68,606,002		67,682,974
Less: accumulated depreciation		(23,971,808)		(19,621,363)
Total	$	44,634,194	$	48,061,611

Depreciation expenses for the years ended June 30, 2015, 2014 and 2013 were $4,319,185, $4,385,103 and $3,214,655, respectively.

Agriculture assets consist of reproductive trees that are expected to be commercially productive for a period of eight years.