Taxes Payable (Tables)

6 Months Ended

Dec. 31, 2017

Taxes Payable [Abstract]

Schedule of income taxes and related payables

	December 31,			June 30,
	2017			2017
VAT provision	$	(628,399	)	$	(575,872	)
Income tax payable		2,141,669			2,229,735
Other levies		667,724			1,036,544
Total	$	2,180,994		$	2,690,407

Schedule of provision for income taxes

	December 31,		June 30,
	2017		2017
Current tax		3,253,593	$	7,371,967
Deferred tax	$	0		0
Total		3,253,593	$	7,371,967

Schedule of effective income tax rate reconciliation

December 31, 2017

	China					United States
	15% - 25%					34%					Total
Pretax income (loss)	$	16,805,296				$	(630,768	)			$	16,174,528
Expected income tax expense (benefit)		4,201,324		0.250			(214,461	)	34	%		3,986,863
High-tech income benefits on Jinong		(1,230,618	)	-0.073								(1,230,618	)
Losses from subsidiaries in which no benefit is recognized		282,887		0.017								282,887
Change in valuation allowance on deferred tax asset from US tax benefit		0					214,461		-34	%		214,461
Actual tax expense	$	3,253,593		19.4	%	$	0		0.00	%	$	3,253,593		20.1	%

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	%