Accrued Expenses and Other Payables

12 Months Ended

Jun. 30, 2016

Accrued Expenses and Other Payables [Abstract]

ACCRUED EXPENSES AND OTHER PAYABLES

NOTE 6 - ACCRUED EXPENSES AND OTHER PAYABLES

Accrued expenses and other payables consisted of the following:

	June 30,		June 30,
	2016		2015
Payroll payable	$	58,704	$	18,451
Welfare payable		154,510		168,061
Accrued expenses		4,450,306		3,554,733
Acquisitions payable*		5,568,500		-
Other payables		6,056,153		1,098,705
Other levy payable		126,219		113,027
Total	$	16,414,392	$	4,952,977

*Acquisitions payable represents the amount due to the original owners of the VIEs acquired on June 30, 2016.