Concentrations and Litigiation

12 Months Ended

Jun. 30, 2016

Concentration and Litigation [Abstract]

CONCENTRATIONS AND LITIGIATION

NOTE 13 –CONCENTRATIONS AND LITIGIATION

Market Concentration

All of the Company's revenue-generating operations are conducted in the PRC. Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC, and by the general state of the PRC's economy.

The Company's operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among other things, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by, among other things, changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation.

Vendor and Customer Concentration

There were two vendors, Shaanxi Shanhua  Agricultural Material Co. Ltd and Sino-agri Guangdong Fertilizer Co., Ltd., from which the Company purchased 18.8% and 17.4% of its raw materials for the year ended June 30, 2016. Total purchase from these two venders amounted to $52,241,454 as June 30, 2016. 

There were two vendors, Sino-agri Holding Co., Ltd and Beijing Baofengnian Agricultural Material Co. Ltd,, from which the Company purchased 16.9% and 10.5% of its raw materials for the year ended June 30, 2015. Total purchase from these two venders amounted to $47,116,232 as June 30, 2015. 

One customer,Sino-agri Holding Co., Ltd., accounted for $59,696,999, or 23.0% of the Company’s sales for the year ended June 30, 2016. 

One customer,Sino-agri Holding Co., Ltd., accounted for $64,131,981, or 23.6% of the Company’s sales for the year ended June 30, 2015.