Loan Payables (Tables)

12 Months Ended

Jun. 30, 2016

Loan Payables [Abstract]

Summary of loan payables

No.	Payee	Loan period per agreement		Interest Rate			June 30, 2016
1	Agriculture Bank of China-Pinggu Branch		May 18, 2016 - March 17, 2017		4.87	%	$	1,956,500
2	Beijing Bank Pinggu Branch		August 11, 2015- August 2, 2016		5.82	%		1,505,000
3	Agriculture Bank of China-Pinggu Branch		Jan 19, 2016 - Jan 17, 2017		5.00	%		1,204,000
	Total						$	4,665,500

No.	Payee	Loan period per agreement		Interest Rate			June 30, 2015
1	Beijing Bank – Pinggu Branch		Aug 6, 2014 – Aug 5, 2015		6.72	%	$	1,637,000
2	China Merchants Bank – Chaoyang Branch		Aug 27, 2014 – Aug 26, 2015		7.80	%		1,637,000
3	Beijing International Trust Co., Ltd		Sep 24, 2014 – Sep 23, 2015		7.80	%		1,637,000
4	Beijing International Trust Co., Ltd		Oct 28, 2014 – Oct 27, 2015		7.80	%		1,637,000
5	Beijing International Trust Co., Ltd		Dec 26, 2014 – Dec 15, 2015		7.28	%		1,637,000
6	Agriculture Bank of China-Pinggu Branch		Jan 21, 2015 – Jan 20, 2016		6.16	%		1,309,600
7	Tianjin Bank – Beijing Branch		Feb 3, 2015 – Jan 27, 2016		6.16	%		6,548,000
8	Tianjin Bank – Beijing Branch		Feb 11, 2015 – Feb 10, 2016		5.60	%		4,616,340
9	China Merchants Bank – Chaoyang Branch		Mar 16, 2015 – Mar 15, 2016		6.96	%		818,500
10	Agriculture Bank of China-Pinggu Branch		May 12, 2015 – Apr 29, 2016		5.89	%		2,128,100
	Total						$	23,605,540