BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	3 Months Ended
	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2015 CNY (¥)	Jun. 30, 2015 USD ($)
Amortization of Deferred Assets	$ 9,712,715	$ 10,331,084
Deferred Asset, Amortization Expense, Next Twelve Months	29,081,381
Deferred Asset, Amortization Expense, Year Two	10,833,189
Deposits, Total	81,850		¥ 500,000
China Banks [Member]
Interest-bearing Deposits in Banks and Other Financial Institutions	94,241,733			$ 92,676,188
United States Banks [Member]
Interest-bearing Deposits in Banks and Other Financial Institutions	119,199			$ 306,376
Cash, FDIC Insured Amount	$ 500,000