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Taxes Payable (Tables)
6 Months Ended
Dec. 31, 2016
Taxes Payable [Abstract]  
Schedule of taxes payable
  December 31,  June 30, 
  2016  2016 
VAT provision $(255,765) $2,218 
Income tax payable  1,482,816   3,445,480 
Other levies  614,131   656,520 
Total $1,841,182  $4,104,218 
Schedule of provision for income taxes
  December 31, 
2016
  June 30,
2016
 
Current tax - foreign $3,092,769  $7,371,967 
Deferred tax  -   - 
  $3,092,769  $7,371,967 
Schedule of effective income tax rate reconciliation
December 31, 2016                  
  China  United States       
  15% - 25%  34%  Total    
                   
Pretax income (loss) $17,806,630       (1,856,270)     $15,950,360     
                         
Expected income tax expense (benefit)  4,451,658   25.0%  (631,132)  34.0%  3,820,526     
High-tech income benefits on Jinong  (1,139,344)  (6)%  -   -   (1,139,344)    
Losses from subsidiaries in which no benefit is recognized  (219,544)  (1)%  -   -   (219,544)    
Change in valuation allowance on deferred tax asset from US tax benefit  -       631,132   (34.0)%  631,132     
Actual tax expense $3,092,769   17% $-   -% $3,092,769   19.4%

 

December 31, 2015                  
  China  United States       
  15% - 25%  34%  Total    
                   
Pretax income (loss) $14,575,200       (3,107,045)     $11,468,155     
                         
Expected income tax expense (benefit)  3,643,800   25.0%  (1,056,395)  34.0%  2,587,405     
High-tech income benefits on Jinong  (1,145,841)  (7.9)%  -   -   (1,145,841)    
Losses from subsidiaries in which no benefit is recognized  564,034   3.9%  -   -   564,034     
Change in valuation allowance on deferred tax asset from US tax benefit  -       1,056,395   (34.0)%  1,056,395     
Actual tax expense $3,061,993   21% $-   -% $3,061,993   26.7%