Taxes Payable (Tables)

3 Months Ended

Sep. 30, 2016

Taxes Payable [Abstract]

Schedule of taxes payable

	September 30,			June 30,
	2016			2016
VAT provision	$	(138,599	)	$	2,218
Income tax payable		(304,665	)		3,445,480
Other levies		667,095			656,520
Total	$	223,831		$	4,104,218

Schedule of provision for income taxes

	September 30, 2016		June 30, 2016
Current tax - foreign	$	1,295,248	$	7,371,967
Deferred tax		-		-
	$	1,295,248	$	7,371,967

Schedule of effective income tax rate reconciliation

September 30, 2016

	China					United States
	15% - 25%					34%					Total
Pretax income (loss)	$	8,965,900					(346,122	)			$	8,619,778
Expected income tax expense (benefit)		2,241,475		25.0	%		(117,682	)	34.0	%		2,123,794
High-tech income benefits on Jinong		(593,485	)	(6.6	)%		-		-			(593,485	)
Losses from subsidiaries in which no benefit is recognized		(352,742	)	(3.9	)%		-		-			(352,742	)
Change in valuation allowance on deferred tax asset from US tax benefit		-					117,682		(34.0	)%		117,681
Actual tax expense	$	1,295,248		14.4	%	$	-		-	%	$	1,295,248		15.0	%

September 30, 2015
	China					United States
	15% - 25%					34%					Total
Pretax income (loss)	$	10,616,945					(1,593,831	)			$	9,023,114
Expected income tax expense (benefit)		2,654,236		25.0	%		(541,903	)	34.0	%		2,112,333
High-tech income benefits on Jinong		(787,682	)	(7.4	)%		-		-			(787,682	)
Losses from subsidiaries in which no benefit is recognized		(89,112	)	(0.8	)%		-		-			(89,112	)
Change in valuation allowance on deferred tax asset from US tax benefit		-					541,903		(34.0	)%		541,903
Actual tax expense	$	1,777,442		16.7	%	$	-		-	%	$	1,777,442		19.7	%