BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	6 Months Ended
	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2015 CNY (¥)	Jun. 30, 2015 USD ($)
Amortization of Deferred Assets	$ 21,430,699	$ 32,153,216
Deferred Asset, Amortization Expense, Next Twelve Months	26,315,270
Deferred Asset, Amortization Expense, Year Two	3,781,241
Deposits, Total	77,000		¥ 500,000
China Banks [Member]
Interest-bearing Deposits in Banks and Other Financial Institutions	99,567,375			$ 92,676,188
United States Banks [Member]
Interest-bearing Deposits in Banks and Other Financial Institutions	107,189			$ 306,376
Cash, FDIC Insured Amount	$ 500,000