Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Mar. 31, 2017

Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Components of basic and diluted earnings per share

	Three Months Ended March 31,
	2017		2016
Net Income for Basic Earnings Per Share	$	8,191,675	$	8,251,771
Basic Weighted Average Number of Shares		38,532,033		36,962,166
Net Income Per Share – Basic	$	0.21	$	0.22
Net Income for Diluted Earnings Per Share	$	8,191,675	$	8,251,771
Diluted Weighted Average Number of Shares		38,532,033		36,962,166
Net Income Per Share – Diluted	$	0.21	$	0.22

	Nine Months Ended  March 31,
	2017		2016
Net Income for Basic Earnings Per Share	$	21,049,266	$	19,764,978
Basic Weighted Average Number of Shares		37,941,957		36,610,131
Net Income Per Share – Basic	$	0.55	$	0.54
Net Income for Diluted Earnings Per Share	$	21,049,266	$	19,764,978
Diluted Weighted Average Number of Shares		37,941,957		36,610,131
Net Income Per Share – Diluted	$	0.55	$	0.54

Summary of changes in goodwill by reporting segments

	Balance at				Foreign			Balance at
	June 30,				Currency			March 31,
Segment	2016		Additions		Adjustment			2017
Gufeng	$	4,822,659		-	$	(172,590	)		4,650,069
Acquisition of VIE Companies		3,158,179		661,066		(113,023	)		3,706,222
	$	7,930,838	$	661,066	$	(422,984	)	$	8,356,291

Schedule of assets and liabilities within fair value hierarchy

	Fair Value		Fair Value Measurements at
	As of March 31,		June 30, 2016
Description	2017		Using Fair Value Hierarchy
			Level 1		Level 2		Level 3
Derivative liability	$	52,768	$	-	$	144,818	$	-

Schedule of fair value binomial option pricing model binomial option pricing model

Risk-free rate	2.96	%
Volatility	51.4	%
Dividend yield	0.0	%
Country risk premium	90.0	%
Liquidity risk premium	3.0	%