V Media 10-Q 14 Feb 14 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Dec. 31, 2013	Nov. 14, 2013
Document Information [Line Items]	'	'
Entity Registrant Name	'V Media Corp	'
Entity Central Index Key	'0001080627	'
Current Fiscal Year End Date	'--06-30	'
Trading Symbol	'CMDI	'
Entity Common Stock, Shares Outstanding	'	27,590,701
Entity Filer Category	'Smaller Reporting Company	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Dec-13	'
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Jun. 30, 2013
ASSETS	'	'
Cash and cash equivalents	$1,418,426	$2,148,321
Restricted cash	3,103,035	3,322,299
Accounts receivable, net	4,866,938	4,007,205
Advance to suppliers, net	954,845	403,444
Loans receivable, net	3,151,010	2,425,882
Other current assets	959,856	397,110
Total current assets	14,454,110	12,704,261
Property, equipment and construction in progress, net	22,727,255	23,649,850
Other assets	'	'
Billboards use rights, net	3,908,322	3,281,728
Security deposits	2,345,402	2,297,952
Total other assets	6,253,724	5,579,680
Total Assets	43,435,089	41,933,791
LIABILITIES AND EQUITY	'	'
Short term loans	13,809,123	12,579,026
Current portion of long term loans	55,478	389,876
Accounts payable	3,187,969	3,194,604
Bank acceptance notes payable	5,285,789	5,214,104
Other payables	3,230,046	2,372,044
Deferred revenues	2,701,268	2,392,681
Taxes payable	634,911	649,418
Deferred tax liability	106,689	0
Due to related parties	154,490	362,103
Total current liabilities	29,165,763	27,153,856
Total Liabilities	29,165,763	27,153,856
Commitments and contingencies	'	'
Equity	'	'
Series A Preferred Stock, $0.0001 par value, 20,000,000 shares authorized, 1,000,000 shares issued and outstanding	100	100
Common stock, $0.0001 Par value; 80,000,000 shares authorized; 27,590,701 shares issued and outstanding	2,759	2,759
Additional paid-in-capital	6,820,820	6,820,820
Accumulated other comprehensive income	1,253,806	1,122,624
Retained earnings	4,017,200	4,714,077
Total V Media Corp. equity	12,094,685	12,660,380
Noncontrolling interest	2,174,641	2,119,555
Total equity	14,269,326	14,779,935
Total Liabilities and Equity	$43,435,089	$41,933,791

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Dec. 31, 2013	Jun. 30, 2013
Series A Preferred Stock, par value (in dollars per share)	$0.00	$0.00
Series A Preferred Stock, shares authorized	20,000,000	20,000,000
Series A Preferred Stock, shares issued	1,000,000	1,000,000
Series A Preferred Stock, shares outstanding	1,000,000	1,000,000
Common Stock, par value (in dollars per share)	$0.00	$0.00
Common Stock, shares authorized	80,000,000	80,000,000
Common Stock, shares issued	27,590,701	27,590,701
Common Stock, shares outstanding	27,590,701	27,590,701

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Revenues	$5,487,565	$6,022,218	$11,139,156	$11,503,181
Cost of revenue	-4,432,472	-4,872,815	-8,637,195	-9,518,511
Gross profit	1,055,093	1,149,403	2,501,961	1,984,670
Selling, general and administrative expenses	-1,438,741	-1,644,032	-2,713,591	-3,478,835
Loss from operations	-383,648	-494,629	-211,630	-1,494,165
Other income (expenses):	'	'	'	'
Interest income	8,467	1,445	30,156	2,163
Interest expense	-297,627	-259,069	-551,775	-540,422
Subsidy income	43,692	402,373	194,743	443,597
Other expenses	-247	-13,591	-26,924	-31,599
Total other Income (expenses)	-245,715	131,158	-353,800	-126,261
Loss before income taxes	-629,363	-363,471	-565,430	-1,620,426
Income tax provision (benefit)	'	'	'	'
Current	-88,669	179,866	0	359,924
Deferred	105,734	-19,137	105,734	-280,322
Total income tax provision	17,065	160,729	105,734	79,602
Net loss	-646,428	-524,200	-671,164	-1,700,028
Less: net income (loss) attributable to noncontrolling interest	-79,439	-78,548	25,713	150,313
Net loss attributable to V Media Corp.	-566,989	-445,652	-696,877	-1,850,341
Net loss	-646,428	-524,200	-671,164	-1,700,028
Other comprehensive income	'	'	'	'
Foreign currency translation adjustments	126,121	143,158	160,555	286,853
Comprehensive loss	-520,307	-381,042	-510,609	-1,413,175
Less: comprehensive income (loss) attributable to noncontrolling interest	-55,752	-67,651	55,086	178,270
Comprehensive loss attributable to V Media Corp.	($464,555)	($313,391)	($565,695)	($1,591,445)
Loss per share	'	'	'	'
Basic and diluted (in dollars per share)	($0.02)	($0.02)	($0.03)	($0.07)
Weighted average number of common shares	'	'	'	'
Basic and diluted (in shares)	27,590,701	27,590,701	27,590,701	27,590,701

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($671,164)	($1,700,028)
Adjustments to reconcile net loss to net cash provided by operating activities:	'	'
Depreciation	1,495,594	1,301,052
Amortization	3,284,052	2,853,468
Loss from equity investment	0	17,430
Provision for doubtful accounts-Accounts receivable	417,001	391,160
Deferred tax provision (benefit)	105,734	-260,531
Changes in operating assets and liabilities	'	'
Accounts receivable	-1,218,475	-1,535,071
Advance to suppliers	-540,966	-151,815
Other current assets	-552,295	-782,401
Security deposit	-15,715	-25,672
Accounts payable	81,955	-114,916
Other payables	649,151	1,402,607
Deferred revenues	274,124	307,525
Taxes payable	-23,226	256,164
Net cash provided by operating activities	3,285,770	1,958,972
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Loan to third party, net	-685,582	-470,957
Acquisition of billboard use rights	-3,862,365	-1,482,648
Purchase of property and equipment	-259,031	-1,153,219
Net cash used in investing activities	-4,806,978	-3,106,824
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Restricted cash, net	262,567	-2,973,107
Net proceeds from capital contributions	0	46,025
Proceeds from short-term bank loans	1,964,420	618,958
Net proceeds from bank acceptance notes payable	0	3,853,411
Repayment of related party loans	-211,796	-366,842
Repayment of third party loans	-916,729	-279,325
Repayment of long-term loans	-336,715	-292,703
Net cash provided by financing activities	761,747	606,417
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND CASH EQUIVALENTS	29,566	878
NET DECREASE IN CASH AND CASH EQUIVALENTS	-729,895	-540,557
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	2,148,321	1,526,604
CASH AND CASH EQUIVALENTS, END OF PERIOD	1,418,426	986,047
SUPPLEMENTAL CASH FLOW DISCLOSURES	'	'
Income taxes paid	53,941	57,838
Interest paid	$513,727	$518,715

ORGANIZATION_BASIS_OF_PRESENTA

ORGANIZATION, BASIS OF PRESENTATION AND LIQUIDITY	6 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	NOTE 1 – ORGANIZATION, BASIS OF PRESENTATION AND LIQUIDITY
	V Media Corp., (“the Company”), originally known as Golden Key International Inc., and then China New Media Corp., is a corporation organized under the laws of the State of Delaware in 1999.
	Effective July 17, 2012, the Company changed its name from China New Media Corp. to V Media Corporation through a short form merger pursuant to Section 253 of the General Corporation Law of the State of Delaware by merging a wholly owned subsidiary of the Company into the Company, with the Company as the surviving corporation in the merger.  The Company, along with its subsidiaries and VIEs, is engaged in the sale, construction and operations of outdoor advertising displays and other alternative media business. The Company is headquartered in Dalian, the commercial center of Northeastern China and has subsidiaries in Beijing, Shanghai and Tianjin.
	Basis of presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“US GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been included. These condensed consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and footnotes included in the Company’s annual report on Form 10-K for the fiscal year ended June 30, 2013 filed with the SEC on September 27, 2013. Operating results for the three and six months ended December 31, 2013 may not be necessarily indicative of the results that may be expected for the full year.
	The condensed consolidated financial statements include the financial statements of the Company, its subsidiaries and VIEs.  All significant inter-company transactions and balances between the Company, its subsidiaries and VIEs are eliminated upon consolidation.
	Liquidity and Capital Resources
	We have historically funded our working capital needs from operations, advance payments from customers, bank borrowings, and capital from shareholders. Presently, our principal sources of liquidity are generated from our operations and loans from commercial banks and capital leases.  Our working capital requirements are influenced by the level of our operations, the numerical and dollar volume of our sales contracts, the progress of our contract execution, and the timing of accounts receivable collections.
	Based on our current operating plan, we believe that our existing resources, including cash generated from operations, bank loans and bank notes payable and advances from customers will be sufficient to meet our working capital requirements for our current operations over the next twelve months. In order to fully implement our business plan and continue our growth, however, we will require additional capital either from our shareholders or from outside sources.  Our long-term liquidity will depend on our ability to refinance our debts. The Company expects to be able to refinance its short term loans based on past experience and the Company’s good credit history. In July 2012, we signed an agreement with Bank of Asia, pursuant to which, the bank provides us with a RMB 22 million ($3.6 million) revolving credit line from July 25, 2012 to July 25, 2020. In May 2013, we signed another agreement with China Merchants Bank, pursuant to which, the bank provides us with a RMB10 million ($1.6 million) revolving credit line from May 27, 2013 to May 26, 2014.  We also have a line of credit from Bank of China in the amount of $3.48 million. Our major Shareholder, Mr. Guojun Wang will provide personal loans when necessary to provide us with sufficient liquidity for the next 12 months.For the six months ended December 31, 2013, cash provided by operating activities is $3,285,770.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of V Media Corp., its subsidiary, Hong Kong Fortune-Rich Investment Co., Ltd. (“Fortune Rich”) and its wholly-owned subsidiary Dalian Guo-Heng Management & Consultation Co., Ltd. (“Dalian Guo-Heng”), as well as Dalian Guo-Heng’s variable interest entity and Dalian Vastitute Media Group Co., Ltd. (“V-Media Group”). The noncontrolling interests of the variable interest entities represent the minority stockholders’ interest in V-Media Group’s majority owned subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation.
	Use of Estimates
	In preparing the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting years. Significant estimates, required by management, include the recoverability of long-lived assets and the valuation of outstanding warrants and allowance of doubtful accounts. Actual results could differ from those estimates.
	Cash and Cash Equivalents
	Cash and cash equivalents include cash on hand and demand deposits with a bank with an original maturity of less than three months. Since a majority of the bank accounts are located in PRC, those bank balances are uninsured.
	Restricted Cash
	As of December 31, 2013, the Company had restricted cash of $3.1 million. $2.7 million of the restricted cash was associated with its bank acceptance notes payable. The banks require the Company to maintain a cash balance of a minimum of 50% of the balance of the notes payable as collateral (Note 10). The Company also has a letter of credit from the Bank of China in the amount of $3.48 million and was required to deposit $0.4 million of restricted cash in the bank.
	Accounts Receivable
	Accounts receivable are recorded at net realizable value consisting of the carrying amount less an allowance for uncollectible amounts, as needed.
	If facts subsequently become available to indicate that the allowance provided requires an adjustment, then the allowance will be adjusted. The allowance for doubtful accounts totaled $2,270,447 and $1,824,593 as of December 31 and June 30, 2013, respectively. Accounts are written off only after exhaustive collection efforts.
	Advance to suppliers
	The Company periodically makes advances to certain vendors for purchases of advertising materials and equipment and records those advances as advance to suppliers. Historically, the Company has not experienced any losses as a result of these advances.
	If facts subsequently become available to indicate that the allowance provided requires an adjustment, then the allowance will be adjusted. The allowance for doubtful accounts totaled $100,155 and $98,797 as of December 31 and June 30, 2013, respectively. Accounts are written off only after exhaustive collection efforts.
	Revenue recognition
	The Company recognizes revenues when advertisements are posted over respective contractual terms based on the schedules agreed with customers and collections are reasonably assured. Payments received in advance of services provided are recorded as deferred revenues.
	Income Taxes
	The Company recognized deferred tax assets and liabilities based upon the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, whenever necessary, against net deferred tax assets when it is more likely than not that some portion or all of the deferred tax asset will not be realized.
	Recent Accounting Pronouncements
	Company’s management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, will have a material effect on the Company’s condensed consolidated financial position, results of operations, or cash flows.

LOANS_RECEIVABLE

LOANS RECEIVABLE	6 Months Ended
	Dec. 31, 2013
Receivables [Abstract]	'
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	'
	NOTE 3 - LOANS RECEIVABLE
	The loans receivable include the following:
				December 31,		June 30,
				2013		2013
		a)	Dalian Qianbaihe Cloth Accessories Co.	$	239,867	$	236,614
		b)	Dalian Tianjun Trade Co.		1,256,992		767,417
		c)	Dalian Digital Media Co.		37,198		36,693
		d)	Beijing Cross-Strait Publishing Exchange Center		49,554		48,882
		e)	Dalian Culture and Broadcasting Corp		138,752		136,870
		f)	Dalian Bomeishiji Media Corp		148,048		146,040
		g)	Shenzhen Lianchuang Jianhe Corp		734,782		545,583
		h)	Bainianchahui Corp.		260,831		232,082
		i)	Dalian Tongxing Iron and Steel Co., Ltd.		221,425		218,422
		j)	Dalian Yongshun Material Corp.		135,646		133,807
		k)	Others		773,046		757,142
			Total loans receivable	$	3,996,141	$	3,259,552
			Doubtful accounts allowance		-845,131		-833,700
			Net loans receivable	$	3,151,010	$	2,425,882
	a) The Company made a non-interest bearing loan to Dalian Qianbaihe Cloth Accessories Co. for $0.24 million due on March 4, 2014 with interest rate of 10% per annum.  $109,019 of the loan has been reserved for doubtful accounts.
	b) The Company made the following loans to Dalian Tianjun Trade Co.: (1) $0.25 million (RMB 1.5 million) for one year from December 31, 2012 to December 30, 2013. The loan is expected to be paid by June 30, 2014. (2) One-year term loan from November 30, 2012 to October 29, 2013 in the amount of $0.49 million (RMB 3 million). The loan is expected to be repaid by June 30, 2014. (3) In Aug 2013, the Company made a loan of $0.03 million (RMB0.21 million) and in Dec. 2013, the Company made an additional loan of $0.49 million (RMB2.9 million). All these loans bear interest rate of 10% per annum.
	c) The Company made a non-interest bearing loan of $0.04 million to Dalian Digital Media Co. as of June 30, 2012. The loan is due on demand and bears no interest. The loan receivable has been fully reserved.
	d) The Company loaned $0.05 million to Beijing Cross-Strait publishing exchange center on November 20, 2011 which was due on November 19, 2012 with no interest. The loan receivable has been fully reserved.
	e) The Company loaned $0.14 million to Dalian Culture and broadcasting Corp in December 2012, which is due on October 30, 2014 with interest rate of 10% per annum.
	f) The Company loaned $0.15 million to Dalian Bomeishiji Media Corp in December 2012, which is due on demand with no interest.
	g) The Company loaned $0.73 million to Shenzhen Lianchuangjianhe Corp in 2013 which is due on October 24, 2014 with interest rate of 10% per annum.
	h) The Company loaned $0.26 million to Bainianchahui Corp. in 2013 which is due on demand with no interest.
	i) The Company loaned $0.22 million to Dalian Tongxing iron and steel Co., Ltd.  in 2013 which is due on June 25, 2014, with interest rate of 10% per annum.
	j) The Company loaned $0.14 million to Dalian Yongshun Material Corp. which is due on demand with no interest. The loan receivable has been fully reserved.
	k) The Company had various loans of $0.77 million to other third parties as of December 31, 2013, which are due on demand and bear no interest. $513,713 of the loan has been reserved for doubtful accounts.

MAJOR_SUPPLIERS_AND_CUSTOMERS

MAJOR SUPPLIERS AND CUSTOMERS	6 Months Ended
	Dec. 31, 2013
Inventory Disclosure [Abstract]	'
Major Suppliers Disclosure [Text Block]	'
	NOTE 4 - MAJOR SUPPLIERS AND CUSTOMERS
	During the  six months ended December 31, 2013, three major suppliers provided approximately 78% of the Company’s purchase of raw materials, with each supplier accounting for 52% and 13% and 13%.  During the six months ended December 31, 2012, three major suppliers provided approximately 65% of the Company’s purchase of raw materials, with each supplier accounting for 28%, 28% and 9%, respectively.
	For the six months ended December 31, 2013, one major customers accounted for approximately 12.2%, of the Company’s total sales. For the six months ended December 31, 2012, none customers accounted for more than 10% of the Company’s total sales.

PROPERTY_EQUIPMENT_AND_CONSTRU

PROPERTY, EQUIPMENT AND CONSTRUCTION IN PROGRESS, NET	6 Months Ended
	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	NOTE 5 - PROPERTY, EQUIPMENT AND CONSTRUCTION IN PROGRESS, NET
	Property, equipment and construction in progress consist of the following:
		December 31,		June 30,
		2013		2013
	Advertising equipment	$	31,129,520	$	30,614,086
	Office equipment and furniture		909,857		840,724
	Office building and Improvement		119,819		118,195
	Transportation		1,675,305		1,652,585
	Subtotal		33,834,501		33,225,590
	Less: Accumulated depreciation		-13,024,490		-11,323,309
	Construction in progress		1,917,244		1,747,569
	Total	$	22,727,255	$	23,649,850
	Depreciation expense totaled $738,282 and $661,824 for the three months ended December 31, 2013 and 2012, respectively, and totaled $1,495,594 and $1,301,052 for the six months ended December 31, 2013 and 2012, respectively. Approximately $25.37 million of advertising equipment was pledged as collateral against short term loans as of December 31, 2013.
	Construction in progress mainly consists of billboards and other outdoor advertising platforms that are still under construction and have not been put in use.

SECURITY_DEPOSITS

SECURITY DEPOSITS	6 Months Ended
	Dec. 31, 2013
Security Deposit [Abstract]	'
Security Deposit Disclosure [Text Block]	'
	NOTE 6 – SECURITY DEPOSITS
	Security deposits are mainly comprised of deposits made to third parties to guarantee the Company’s outstanding loans.  Since it has been the Company’s policy to either roll-over a substantial amount of their existing loans or repay them and subsequently enter into a new loan with the same lender, security deposits have been recorded as long-term assets. (See note 8)

BILLBOARDS_USE_RIGHT

BILLBOARDS USE RIGHT	6 Months Ended
	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Billboards Use Right [Text Block]	'
	NOTE 7 - BILLBOARDS USE RIGHT
	The Company makes payments for the right to construct advertising equipment and post advertisements in various locations in the PRC, based on long-term contracts with local government authorities or other business entities. These payments are recorded as billboards use right and amortized on a straight-line basis over the contract terms.
	The Company leased a billboard use right at Times Square in New York under a non-cancellable twelve-month operating lease commencing March 1, 2012 and signed an extension agreement to extend the lease through August 31, 2014, requiring quarterly lease payments of $840,000 before September 1, 2013 and increasing to $870,000 afterward. The Company amortizes the expense on a straight-line basis over the term of the lease.
	Since January 2013, the Company has signed various contract with customers on the leased Times Square Billboard, including a contract valued at $900,000 with a customer for one year term effective January 1, 2013  and several other short-term contract.  There are currently additional time slots available for lease. Lease expense recorded in cost of sales in connection with the Time Square billboard totaled $0.87 million and $0.84 million for the three months ended December 31, 2013 and 2012, respectively, and $1.74 million and $1.68 million for the six months ended December 31, 2013 and 2012, respectively.
	Amortization of billboard use rights for the three months ended December 31, 2013 and 2012 was $1,625,612 and $1,555,040, respectively, and totaled $3,284,052 and $2,853,468 for the six months ended December 31, 2013 and 2012, respectively.
	The estimated amortization expense as of December 31, 2013 for the next five years is as follows:
	12 months ending December 31,
	2014	$	1,848,900
	2015		764,440
	2016		503,790
	2017		290,260
	2018		251,700
	The following is a schedule by year for future minimum payments under the billboard use right agreements at December 31, 2013:
	12 months ending December 31,
	2014	$	3,664,104
	2015		295,178
	2016		315,702
	2017		123,060
		$	4,398,044

SHORT_TERM_LOANS

SHORT TERM LOANS	6 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Short-term Debt [Text Block]	'
	NOTE 8 - SHORT TERM LOANS
	The short term loans include the following:
			December 31,		June 30,
			2013		2013
	a) Loans payable to Shanghai Pudong Development Bank		$	1,651,809	$	-
	b) Loan payable to Dalian Bank Xigang Branch			3,303,618		3,258,815
	c) Loan payable to Industrial and Commercial Bank of China			297,326		293,293
	d) Loan payable to Jinzhou Bank			1,651,809		1,629,408
	e) Loan payable to Dalian Bank Shenyang Branch			991,085		651,763
	f) Loan payable to Dalian Bank Shanghai Branch			479,025		472,528
	g) Loan payable to Yingkou Bank			1,651,809		1,629,408
	h) Loan payable to China Merchant bank			825,904		814,704
	i) Guangdong Development Bank			2,477,713		2,444,111
	j) Loans payable to various unrelated parties			479,025		1,384,996
	Total short term loans		$	13,809,123	$	12,579,026
	a)	Loan payable to Shanghai Pudong Development bank is a one-year term loan from July 3, 2013 to June 17, 2014 for RMB 1,000,000 ($1.65 million) at a variable interest rate based on the interest rate set by the People’s Bank of China.  The effective rate is 7.2% per year.  This loan has been guaranteed by the Company’s major stockholders, Mr. Guojun Wang and Ms. Ming Ma as well as Joint Venture Guarantee Group Co., LTD, an independent third party guarantee company.
	b)	Loan payable to Dalian Bank Xigang Branch is in the amount of RMB 20,000,000 ($3.30 million) for a one-year term from December 20, 2012 to December 19, 2013 with a fixed interest rate of 8.4% per year. On December 16, 2013, the loan was renewed with the due date on December 15, 2014. This loan has been guaranteed by an unrelated company, Dalian Huanbohai Development Credit Guaranty Company. The Company pledged its trademark for this loan.
	c)	Loan payable to Industrial and Commercial Bank of China was for a one-year term from September 20, 2012 to September 12, 2013, and was repaid on the due date. The Company obtained a new loan for the same amount from September 29, 2013 to August 28, 2014 at a variable interest rate based on the interest rate set by the People’s Bank of China.  The effective rate is 7.28% per year. The Company pledged a real estate property owned by the Company’s major stockholder.
	d)	The Company obtained a loan from Jinzhou Bank in the amount of RMB 10,000,000 ($1.65 million) for a term from December 11, 2012 to December 10, 2013 with a fixed interest rate of 8.4% per year. The loan was repaid when it was due. The Company obtained a new loan for the same amount from November 18, 2013 to November 17, 2014 with a fixed interest rate of 8.4% per year. The Company pledged part of its advertising equipment with a carrying value of RMB 31 million (approximately $5.1 million).
	e)	The Company signed a loan agreement with Dalian Bank Shenyang Branch in the amount of RMB 6,000,000 ($991,085) for a term from June 19, 2013 to June 18, 2014 with a fixed interest rate of 8.1% per year. The Company drew down RMB 4,000,000 ($660,724) as of June 30, 2013 and drew down another RMB 2,000,000 in current quarter.
	f)	Loan payable to Dalian Bank Shanghai Branch is in the amount of RMB 2,900,000 for a term from November 29, 2012 to November 27, 2013 with a fixed interest rate of 7.8% per year. One December 3, 2013, the loan was extended for one year, which is due on December 2, 2014, with the same interest rate.
	g)	Loan payable to Yingkou bank consisted of two loans. One loan in the amount of RMB 5,000,000 ($0.83 million) from May 22, 2013 to May 21, 2014 with a fixed interest rate of 7.8% per year. Another loan is in the amount of RMB5,000,000 ($0.83 million) from June 26, 2013 to June 25, 2014 with a fixed interest rate of 7.8% per year. Both loans have been guaranteed by Liaoning Baijia Financing Assurance Co.,Ltd, and one of the Company’s major stockholders,  Ms. Ming Ma. In the guarantee contract, the Company pledged part of its advertising equipment to Liaoning Baijia Financing Assurance Co., Ltd.
	h)	Loan payable to China Merchant bank is a one-year term loan in amount of  RMB 5,000,000 ($0.83 million) from May 30, 2013 to May 30, 2014 with a fixed interest rate of 7.8% per year. The Company pledged part of its advertising equipment with an approximate carrying value of RMB 12.1 million (approximately $1.98 million).
	i)	Loan payable to Guangdong Development Bank is a one-year term loan from May 9, 2013 to May 8, 2014 in amount of RMB15,000,000 ($2.47 million) with a fixed interest rate of 7.8% per year. This loan has been guaranteed by Dalian Enterprise Credit Guarantee Co., LTD and the Company’s major stockholders, Mr. Guojun Wang and Ms. Ming Ma. In the guarantee contract, the Company pledged part of its advertising equipment to Dalian Enterprise Credit Guarantee Co., LTD.
	j)	The Company had  $0.48 million and $1.38 million of loans from outside unrelated parties as of December 31, 2013 and June 30, 2013, respectively. The due date of the loan is December 2, 2014.

LONG_TERM_LOAN

LONG TERM LOAN	6 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Long-term Debt [Text Block]	'
	NOTE 9 – LONG TERM LOAN
	Long term loan consists of following:
		December 31,		June 30,
		2013		2013
	ORIX Leasing	$	55,478	$	389,876
	Less: current portion		-55,478		-389,876
	Long term loan- noncurrent portion	$	--	$	-
	On December 29, 2011, V-Media Group’s Shenyang and Beijing subsidiaries entered into loan agreements with ORIX Finance Leases (China) Co., Ltd. (“ORIX Leasing”) pursuant to which two subsidiaries borrowed $0.67 million (RMB 4.1 million) and $0.57 million (RMB 3.5 million), respectively, from ORIX leasing and pledged its advertising equipment with the approximate value of RMB $1.0 million (RMB6.26 million) and $0.87 million (RMB5.37 million), respectively. These loans are paid on a monthly basis over a two-year period and consist of a fixed payment based upon a 24-month amortization of the loan amount plus an interest component that varies based upon the rate announced from time to time by the People’s Bank of China for two-year loans. At December 31, 2013, the monthly payments under the agreement for Shenyang and Beijing were $0.03 million (RMB 181,309) and $0.02 million (RMB 155,410), respectively, which include an interest component calculated at the rate of 6.65%.

BANK_ACCEPTANCE_NOTES_PAYABLE

BANK ACCEPTANCE NOTES PAYABLE	6 Months Ended
	Dec. 31, 2013
Notes Payable [Abstract]	'
Notes Payable [Text Block]	'
	NOTE 10 – BANK ACCEPTANCE NOTES PAYABLE
	As of December 31, 2013, the Company has bank acceptance notes payable in the amount of $5,285,789. The notes are guaranteed to be paid by the banks and are usually for a short-term period of three to six months. The Company is required to maintain cash deposits at a minimum of 50% of the total balance of the notes payable with the banks, in order to ensure future credit availability. As of December 31, 2013, $2.7 million in restricted cash was associated with these notes payable.

SUBSIDY_INCOME

SUBSIDY INCOME	6 Months Ended
	Dec. 31, 2013
Component of Operating Income [Abstract]	'
Other Income and Other Expense Disclosure [Text Block]	'
	NOTE 11 – SUBSIDY INCOME
	Since one of the Company’s subsidiaries is located in a special economic development zone in Dalian City, the Company received a special tax subsidy of $43,692 and $129,743 from the local government for the three months ended December 31, 2013 and 2012, respectively, and $194,743 and $171,304 for the six months ended December 31, 2013 and 2012, respectively.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 12 - RELATED PARTY TRANSACTIONS
	Amounts due to related parties are as follows:
		December 31,		June 30,
		2013		2013
	Wang, Caiqin	$	143,707	$	146,157
	Ma, Ming		10,783		93,577
	Wang, Guojun		-		122,369
	Total	$	154,490	$	362,103
	The above stockholders periodically provide funds for the Company’s operations for advertising material and equipment purchases. These amounts are generally unsecured, non-interest bearing and due on demand.

WARRANTS

WARRANTS	6 Months Ended
	Dec. 31, 2013
Stockholders Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	NOTE 13 - WARRANTS
	On November 23, 2009, prior to and in conjunction with the Merger, Fortune-Rich entered into a Securities Purchase Agreement (“SPA”) with an institutional investor and pursuant to the SPA, Fortune-Rich issued 10,415,000 shares of its common stock in exchange for $3,500,000 in cash. These shares of Fortune-Rich were convertible into 5,497,933 shares of the common stock of the Company upon completion of the Merger mentioned above. In addition, the investor was entitled to receive 6,249,000 warrants of Fortune-Rich, which were exchanged for 3,298,760 warrants of the Company upon the completion of the Merger with an exercise price of 0.95. These warrants were exercisable immediately for the same number of common shares of the Company.
	The warrants, which were assumed by the Company upon the Merger, expired on November 23, 2013. The warrants issued in connection with the Merger meet the conditions for equity classification pursuant to ASC 815, “Derivatives and Hedging”; therefore, these warrants were classified as equity and included in Additional Paid-in Capital. As of December 31, 2013, all warrants were expired.
	The following is a summary of warrant activities for the six months ended December 31, 2013:
		Warrants		Weighted Average		Average Remaining		Average Intrinsic
		Outstanding		Exercise Price		Life in years		Value
	Outstanding, June 30, 2013		3,315,426	$	0.95		0.41		-
	Granted		-		-		-		-
	Forfeited		3,315,426	$	0.95		-		-
	Exercised		-		-		-		-
	Outstanding, December 31, 2013		-	$	-		-		-

TAXES

TAXES	6 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	NOTE 14 – TAXES
	a)	Corporate Income Tax
	Significant components of the income tax provision were as follows:
			For the six months ended						For the three months ended
			December 31,						December 31,
			2013			2012			2013			2012
	Current tax provision
	Federal		$	-		$	-		$	-		$	-
	State			-			-			-			-
	Foreign			-			359,924			-88,669			179,866
				-			359,924			-88,669			179,866
	Deferred tax benefit, net of valuation allowance
	Federal			-			-			-			-
	State			-			-			-			-
	Foreign			105,734			-280,322			105,734			-19,137
				105,734			-280,322			105,734			-19,137
	Income tax provision		$	105,734		$	79,602		$	17,065		$	160,729
	The Company has several subsidiaries operating in different tax jurisdictions. The pre-tax earnings (loss) for the six and three months ended December 31, 2013 and 2012 are summarized below:
			For the six months ended						For the three months ended
			December 31,						December 31,
			2013			2012			2013			2012
	Profitable entities		$	1,486,258		$	1,279,161		$	287,537		$	1,350,503
	Loss entities			-2,051,688			-2,899,587			-916,900			-1,713,974
	Total loss before taxes		$	-565,430		$	-1,620,426		$	-629,363		$	-363,471
	Current tax expense represents the tax effect calculated on the profitable entities noted above at a statutory rate of 25%. Losses totaling $2,051,688 are attributed to entities operating in tax jurisdictions separate from the profit entities and cannot be used to offset any gains. Tax benefits attributed to the loss entities were fully reserved.
	Tax calculation:
			For the six months ended								For the three months ended
			December 31,								December 31,
			2013				2012				2013			2012
	Earnings		$	1,486,258			$	1,279,161			$	287,537		$	1,350,503
	NOL applied			-1,486,258				-1,279,161				-287,537			-1,350,503
	Tax base			-				-				-			-
	Statutory rate			25	%			25	%			25	%		25	%
	Tax expense		$	-			$	-			$	-		$	-
	United States
	The Company is subject to income taxes on an entity basis on income arising in or derived from the tax jurisdiction in which each entity is domiciled.
	V Media Corp., a Delaware corporation, has incurred a net operating loss for federal income tax purposes through December 31, 2013. The Company had loss carry forwards for U.S. federal income tax purposes available for offset against future taxable U.S income expiring through 2033 of approximately $4,072,585 and $3,162,886 as of December 31, 2013 and June 30, 2013, respectively. Management believes that the realization of the benefits from these losses appears uncertain due to the Company's limited operating history in the United States. Accordingly, a full valuation allowance has been provided against the deferred tax asset and no deferred tax asset benefit has been recorded for the US operation. The valuation allowance against the deferred tax asset was $1,384,679 and $1,075,381 as of December 31, 2013 and June 30, 2013, respectively.
	Hong Kong
	Fortune-Rich was incorporated in Hong Kong and has operations through its subsidiaries in the PRC, its only tax jurisdiction. Fortune-Rich did not earn any income that was derived in Hong Kong since incorporation and therefore was not subject to Hong Kong Profit tax. All Fortune-Rich and its subsidiaries’ income are generated in the PRC. Accordingly, its income tax provision is calculated based on the applicable tax rates and existing legislation, interpretations and practices in respect thereof.
	PRC
	a) Income Tax
	Dalian Guo-heng and V-Media Group are governed by the Income Tax Law of the People’s Republic of China concerning the private-run enterprises, which are currently subject to tax at a statutory rate of 25% on net income reported after appropriated tax adjustments. Because of different tax jurisdictions’ restriction, the V-Media Group and its subsidiaries of Shenyang, Wangluo, Tianjin, Beijing and Shanghai have loss carryovers that can only be used to offset their own future taxable income. The loss carry forward for those subsidiaries amounted to $3,292,031 and $4,081,411 as of December 31, 2013 and June 30, 2013, respectively.
	The Company periodically evaluates the likelihood of the realization of deferred tax assets, and reduces the carrying amount of the deferred tax assets by a valuation allowance to the extent it believes a portion will not be realized. The Company considers many factors when assessing the likelihood of future realization of the deferred tax assets, including its recent cumulative earnings experience, expectation of future income, the carry forward periods available for tax reporting purposes, and other relevant factors. For the three months ended December 31, 2013, management concluded the realization of PRC deferred tax assets is uncertain. Deferred tax assets amounted to  $0.8 million and $1 million as of December 31, 2013 and June 30, 2013, which were fully reserved.
	b) Business Tax
	Dalian Guo-heng, Dalian Vastitude Media Group Co., Ltd. and its five subsidiaries are also subject to 5% business tax and related surcharges levied on advertising services in China. Dalian V-Media’s another subsidiary is only subject to a 3% business tax. Total business tax expenses were $158,884 and $364,157 for the three months ended December 31, 2013 and 2012, respectively, and totaled $582,219 and $761,607 for the six months ended December 31, 2013 and 2012, respectively.
	c) Taxes payable consisted of the following:
			December 31,			June 30,
			2013			2013
	Business tax payable		$	15,047		$	63,405
	Corporate income tax payable			196,378			222,525
	VAT payable			227,401			150,791
	Other			196,085			212,697
	Total taxes payable		$	634,911		$	649,418
	The Company recognizes interest and penalties accrued related to unrecognized tax benefits and penalties, if any, as income tax expense. There were no unrecognized tax benefits or penalties for the three and six months ended December 31, 2013. The Company files income tax returns with U.S. Federal Government, as well as the state of Delaware. The Company also files returns in foreign jurisdictions of Hong Kong and PRC. With few exceptions, the Company is subject to U.S. Federal and state income tax examinations by tax authorities for years on or after 2009.
	The Company’s foreign subsidiaries and VIEs also file income tax returns with both the National Tax Bureau and the Local Tax Bureaus. The Company is subject to income tax examinations by these foreign tax authorities. The Company has passed all tax examinations by both National and Local tax authorities since the inception of the Company in 2000.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	6 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	NOTE 15 – EARNINGS PER SHARE
	As of December 31, 2013, the Company had 1,000,000 shares of preferred stock issued and outstanding, that have not been included in diluted weighted average shares calculation because pursuant to the Merger agreement, no preferred shares can be converted into any securities.

SEGMENT_INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	NOTE 16 – SEGMENT INFORMATION
	ASC 280, "Segment Reporting", establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company's business segments.
	The Company is an outdoor advertising company in China which provides a full range of integrated outdoor advertising services including art design, advertising publishing, daily maintenance and technical upgrading. The Company's chief operating decision maker ("CODM") has been identified as the CEO who reviews the financial information of separate operating segments when making decisions about allocating resources and assessing performance of each entity. Based on management's assessment, the Company has determined that its operating segments can be categorized by geographic locations as well as the format of the outdoor media platforms.
	The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The CODM evaluates performance based on each reporting segment's revenues, cost of revenues, and gross profit. Selling expenses and G&A expenses are not separated reviewed to each segment. The CODM does not review balance sheet information to measure the performance of the reportable segments, nor is this part of the segment information regularly provided to the CODM.
		For the three months ended December 31, 2013
		Dalian District		Shenyang District		Beijing District		Tianjin District		Shanghai District		US Corporation		Total
	Revenue	$	3,834,192	$	257,696	$	465,617	$	237,249	$	146	$	692,665	$	5,487,565
	Cost of Revenue		-2,717,317		-252,617		-409,572		-40,480		-133,735		-878,751		-4,432,472
	Gross Profit	$	1,116,875	$	5,079	$	56,045	$	196,769	$	-133,589	$	-186,086	$	1,055,093
		For the three months ended December 31, 2012
		Dalian District		Shenyang District		Beijing District		Tianjin District		Shanghai District		US Corporation		Total
	Revenue	$	5,081,512	$	460,647	$	5,791	$	222,389	$	251,879	$	-	$	6,022,218
	Cost of Revenue		-3,039,816		-461,179		-261,172		-28,318		-227,460		-854,870		-4,872,815
	Gross Profit	$	2,041,696	$	-532	$	-255,381	$	194,071	$	24,419	$	-854,870	$	1,149,403
		For the six months ended December 31, 2013
		Dalian District		Shenyang District		Beijing District		Tianjin District		Shanghai District		US Corporation		Total
	Revenue	$	8,229,536	$	410,818	$	1,250,928	$	280,564	$	49,645	$	917,665	$	11,139,156
	Cost of Revenue		-5,310,437		-489,490		-739,995		-69,507		-264,992		-1,762,774		-8,637,195
	Gross Profit	$	2,919,099	$	-78,672	$	510,933	$	211,057	$	-215,347	$	-845,109	$	2,501,961
		For the six months ended December 31, 2012
		Dalian District		Shenyang District		Beijing District		Tianjin District		Shanghai District		US Corporation
	Revenue	$	9,397,042	$	585,272	$	714,182	$	343,892	$	462,793	$	-	$	11,503,181
	Cost of Revenue		-5,860,309		-703,915		-547,704		-75,347		-623,666		-1,707,570		-9,518,511
	Gross Profit	$	3,536,733	$	-118,643	$	166,478	$	268,545	$	-160,873	$	-1,707,570	$	1,984,670

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Consolidation, Policy [Policy Text Block]	'
	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of V Media Corp., its subsidiary, Hong Kong Fortune-Rich Investment Co., Ltd. (“Fortune Rich”) and its wholly-owned subsidiary Dalian Guo-Heng Management & Consultation Co., Ltd. (“Dalian Guo-Heng”), as well as Dalian Guo-Heng’s variable interest entity and Dalian Vastitute Media Group Co., Ltd. (“V-Media Group”). The noncontrolling interests of the variable interest entities represent the minority stockholders’ interest in V-Media Group’s majority owned subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates
	In preparing the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting years. Significant estimates, required by management, include the recoverability of long-lived assets and the valuation of outstanding warrants and allowance of doubtful accounts. Actual results could differ from those estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Cash and Cash Equivalents
	Cash and cash equivalents include cash on hand and demand deposits with a bank with an original maturity of less than three months. Since a majority of the bank accounts are located in PRC, those bank balances are uninsured.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Restricted Cash
	As of December 31, 2013, the Company had restricted cash of $3.1 million. $2.7 million of the restricted cash was associated with its bank acceptance notes payable. The banks require the Company to maintain a cash balance of a minimum of 50% of the balance of the notes payable as collateral (Note 10). The Company also has a letter of credit from the Bank of China in the amount of $3.48 million and was required to deposit $0.4 million of restricted cash in the bank.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	'
	Accounts Receivable
	Accounts receivable are recorded at net realizable value consisting of the carrying amount less an allowance for uncollectible amounts, as needed.
	If facts subsequently become available to indicate that the allowance provided requires an adjustment, then the allowance will be adjusted. The allowance for doubtful accounts totaled $2,270,447 and $1,824,593 as of December 31 and June 30, 2013, respectively. Accounts are written off only after exhaustive collection efforts.
Advance To Suppliers Policy [Policy Text Block]	'
	Advance to suppliers
	The Company periodically makes advances to certain vendors for purchases of advertising materials and equipment and records those advances as advance to suppliers. Historically, the Company has not experienced any losses as a result of these advances.
	If facts subsequently become available to indicate that the allowance provided requires an adjustment, then the allowance will be adjusted. The allowance for doubtful accounts totaled $100,155 and $98,797 as of December 31 and June 30, 2013, respectively. Accounts are written off only after exhaustive collection efforts.
Revenue Recognition, Policy [Policy Text Block]	'
	Revenue recognition
	The Company recognizes revenues when advertisements are posted over respective contractual terms based on the schedules agreed with customers and collections are reasonably assured. Payments received in advance of services provided are recorded as deferred revenues.
Income Tax, Policy [Policy Text Block]	'
	Income Taxes
	The Company recognized deferred tax assets and liabilities based upon the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, whenever necessary, against net deferred tax assets when it is more likely than not that some portion or all of the deferred tax asset will not be realized.
New Accounting Pronouncements Policy [Policy Text Block]	'
	Recent Accounting Pronouncements
	Company’s management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, will have a material effect on the Company’s condensed consolidated financial position, results of operations, or cash flows.

LOANS_RECEIVABLE_Tables

LOANS RECEIVABLE (Tables)	6 Months Ended
	Dec. 31, 2013
Receivables [Abstract]	'
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	'
	The loans receivable include the following:
				December 31,		June 30,
				2013		2013
		a)	Dalian Qianbaihe Cloth Accessories Co.	$	239,867	$	236,614
		b)	Dalian Tianjun Trade Co.		1,256,992		767,417
		c)	Dalian Digital Media Co.		37,198		36,693
		d)	Beijing Cross-Strait Publishing Exchange Center		49,554		48,882
		e)	Dalian Culture and Broadcasting Corp		138,752		136,870
		f)	Dalian Bomeishiji Media Corp		148,048		146,040
		g)	Shenzhen Lianchuang Jianhe Corp		734,782		545,583
		h)	Bainianchahui Corp.		260,831		232,082
		i)	Dalian Tongxing Iron and Steel Co., Ltd.		221,425		218,422
		j)	Dalian Yongshun Material Corp.		135,646		133,807
		k)	Others		773,046		757,142
			Total loans receivable	$	3,996,141	$	3,259,552
			Doubtful accounts allowance		-845,131		-833,700
			Net loans receivable	$	3,151,010	$	2,425,882
	a) The Company made a non-interest bearing loan to Dalian Qianbaihe Cloth Accessories Co. for $0.24 million due on March 4, 2014 with interest rate of 10% per annum.  $109,019 of the loan has been reserved for doubtful accounts.
	b) The Company made the following loans to Dalian Tianjun Trade Co.: (1) $0.25 million (RMB 1.5 million) for one year from December 31, 2012 to December 30, 2013. The loan is expected to be paid by June 30, 2014. (2) One-year term loan from November 30, 2012 to October 29, 2013 in the amount of $0.49 million (RMB 3 million). The loan is expected to be repaid by June 30, 2014. (3) In Aug 2013, the Company made a loan of $0.03 million (RMB0.21 million) and in Dec. 2013, the Company made an additional loan of $0.49 million (RMB2.9 million). All these loans bear interest rate of 10% per annum.
	c) The Company made a non-interest bearing loan of $0.04 million to Dalian Digital Media Co. as of June 30, 2012. The loan is due on demand and bears no interest. The loan receivable has been fully reserved.
	d) The Company loaned $0.05 million to Beijing Cross-Strait publishing exchange center on November 20, 2011 which was due on November 19, 2012 with no interest. The loan receivable has been fully reserved.
	e) The Company loaned $0.14 million to Dalian Culture and broadcasting Corp in December 2012, which is due on October 30, 2014 with interest rate of 10% per annum.
	f) The Company loaned $0.15 million to Dalian Bomeishiji Media Corp in December 2012, which is due on demand with no interest.
	g) The Company loaned $0.73 million to Shenzhen Lianchuangjianhe Corp in 2013 which is due on October 24, 2014 with interest rate of 10% per annum.
	h) The Company loaned $0.26 million to Bainianchahui Corp. in 2013 which is due on demand with no interest.
	i) The Company loaned $0.22 million to Dalian Tongxing iron and steel Co., Ltd.  in 2013 which is due on June 25, 2014, with interest rate of 10% per annum.
	j) The Company loaned $0.14 million to Dalian Yongshun Material Corp. which is due on demand with no interest. The loan receivable has been fully reserved.
	k) The Company had various loans of $0.77 million to other third parties as of December 31, 2013, which are due on demand and bear no interest. $513,713 of the loan has been reserved for doubtful accounts.

PROPERTY_EQUIPMENT_AND_CONSTRU1

PROPERTY, EQUIPMENT AND CONSTRUCTION IN PROGRESS, NET (Tables)	6 Months Ended
	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
	Property, equipment and construction in progress consist of the following:
		December 31,		June 30,
		2013		2013
	Advertising equipment	$	31,129,520	$	30,614,086
	Office equipment and furniture		909,857		840,724
	Office building and Improvement		119,819		118,195
	Transportation		1,675,305		1,652,585
	Subtotal		33,834,501		33,225,590
	Less: Accumulated depreciation		-13,024,490		-11,323,309
	Construction in progress		1,917,244		1,747,569
	Total	$	22,727,255	$	23,649,850

BILLBOARDS_USE_RIGHT_Tables

BILLBOARDS USE RIGHT (Tables)	6 Months Ended
	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule Of Finite Lived Billboards Use Right Intangible Assets Future Amortization Expense [Table Text Block]	'
	The estimated amortization expense as of December 31, 2013 for the next five years is as follows:
	12 months ending December 31,
	2014	$	1,848,900
	2015		764,440
	2016		503,790
	2017		290,260
	2018		251,700
Schedule Of Future Minimum Lease Payments For Finite-Lived Billboards Use Right Intangible Assets [Table Text Block]	'
	The following is a schedule by year for future minimum payments under the billboard use right agreements at December 31, 2013:
	12 months ending December 31,
	2014	$	3,664,104
	2015		295,178
	2016		315,702
	2017		123,060
		$	4,398,044

SHORT_TERM_LOANS_Tables

SHORT TERM LOANS (Tables)	6 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Schedule of Short-term Debt [Table Text Block]	'
	The short term loans include the following:
			December 31,		June 30,
			2013		2013
	a) Loans payable to Shanghai Pudong Development Bank		$	1,651,809	$	-
	b) Loan payable to Dalian Bank Xigang Branch			3,303,618		3,258,815
	c) Loan payable to Industrial and Commercial Bank of China			297,326		293,293
	d) Loan payable to Jinzhou Bank			1,651,809		1,629,408
	e) Loan payable to Dalian Bank Shenyang Branch			991,085		651,763
	f) Loan payable to Dalian Bank Shanghai Branch			479,025		472,528
	g) Loan payable to Yingkou Bank			1,651,809		1,629,408
	h) Loan payable to China Merchant bank			825,904		814,704
	i) Guangdong Development Bank			2,477,713		2,444,111
	j) Loans payable to various unrelated parties			479,025		1,384,996
	Total short term loans		$	13,809,123	$	12,579,026
	a)	Loan payable to Shanghai Pudong Development bank is a one-year term loan from July 3, 2013 to June 17, 2014 for RMB 1,000,000 ($1.65 million) at a variable interest rate based on the interest rate set by the People’s Bank of China.  The effective rate is 7.2% per year.  This loan has been guaranteed by the Company’s major stockholders, Mr. Guojun Wang and Ms. Ming Ma as well as Joint Venture Guarantee Group Co., LTD, an independent third party guarantee company.
	b)	Loan payable to Dalian Bank Xigang Branch is in the amount of RMB 20,000,000 ($3.30 million) for a one-year term from December 20, 2012 to December 19, 2013 with a fixed interest rate of 8.4% per year. On December 16, 2013, the loan was renewed with the due date on December 15, 2014. This loan has been guaranteed by an unrelated company, Dalian Huanbohai Development Credit Guaranty Company. The Company pledged its trademark for this loan.
	c)	Loan payable to Industrial and Commercial Bank of China was for a one-year term from September 20, 2012 to September 12, 2013, and was repaid on the due date. The Company obtained a new loan for the same amount from September 29, 2013 to August 28, 2014 at a variable interest rate based on the interest rate set by the People’s Bank of China.  The effective rate is 7.28% per year. The Company pledged a real estate property owned by the Company’s major stockholder.
	d)	The Company obtained a loan from Jinzhou Bank in the amount of RMB 10,000,000 ($1.65 million) for a term from December 11, 2012 to December 10, 2013 with a fixed interest rate of 8.4% per year. The loan was repaid when it was due. The Company obtained a new loan for the same amount from November 18, 2013 to November 17, 2014 with a fixed interest rate of 8.4% per year. The Company pledged part of its advertising equipment with a carrying value of RMB 31 million (approximately $5.1 million).
	e)	The Company signed a loan agreement with Dalian Bank Shenyang Branch in the amount of RMB 6,000,000 ($991,085) for a term from June 19, 2013 to June 18, 2014 with a fixed interest rate of 8.1% per year. The Company drew down RMB 4,000,000 ($660,724) as of June 30, 2013 and drew down another RMB 2,000,000 in current quarter.
	f)	Loan payable to Dalian Bank Shanghai Branch is in the amount of RMB 2,900,000 for a term from November 29, 2012 to November 27, 2013 with a fixed interest rate of 7.8% per year. One December 3, 2013, the loan was extended for one year, which is due on December 2, 2014, with the same interest rate.
	g)	Loan payable to Yingkou bank consisted of two loans. One loan in the amount of RMB 5,000,000 ($0.83 million) from May 22, 2013 to May 21, 2014 with a fixed interest rate of 7.8% per year. Another loan is in the amount of RMB5,000,000 ($0.83 million) from June 26, 2013 to June 25, 2014 with a fixed interest rate of 7.8% per year. Both loans have been guaranteed by Liaoning Baijia Financing Assurance Co.,Ltd, and one of the Company’s major stockholders,  Ms. Ming Ma. In the guarantee contract, the Company pledged part of its advertising equipment to Liaoning Baijia Financing Assurance Co., Ltd.
	h)	Loan payable to China Merchant bank is a one-year term loan in amount of  RMB 5,000,000 ($0.83 million) from May 30, 2013 to May 30, 2014 with a fixed interest rate of 7.8% per year. The Company pledged part of its advertising equipment with an approximate carrying value of RMB 12.1 million (approximately $1.98 million).
	i)	Loan payable to Guangdong Development Bank is a one-year term loan from May 9, 2013 to May 8, 2014 in amount of RMB15,000,000 ($2.47 million) with a fixed interest rate of 7.8% per year. This loan has been guaranteed by Dalian Enterprise Credit Guarantee Co., LTD and the Company’s major stockholders, Mr. Guojun Wang and Ms. Ming Ma. In the guarantee contract, the Company pledged part of its advertising equipment to Dalian Enterprise Credit Guarantee Co., LTD.
	j)	The Company had  $0.48 million and $1.38 million of loans from outside unrelated parties as of December 31, 2013 and June 30, 2013, respectively. The due date of the loan is December 2, 2014.

LONG_TERM_LOAN_Tables

LONG TERM LOAN (Tables)	6 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Schedule Of Long Term Debt [Table Text Block]	'
	Long term loan consists of following:
		December 31,		June 30,
		2013		2013
	ORIX Leasing	$	55,478	$	389,876
	Less: current portion		-55,478		-389,876
	Long term loan- noncurrent portion	$	--	$	-

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Schedule Of Related Party Transactions, By Related Party [Table Text Block]	'
	Amounts due to related parties are as follows:
		December 31,		June 30,
		2013		2013
	Wang, Caiqin	$	143,707	$	146,157
	Ma, Ming		10,783		93,577
	Wang, Guojun		-		122,369
	Total	$	154,490	$	362,103

WARRANTS_Tables

WARRANTS (Tables)	6 Months Ended
	Dec. 31, 2013
Stockholders Equity Note [Abstract]	'
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	'
	The following is a summary of warrant activities for the six months ended December 31, 2013:
		Warrants		Weighted Average		Average Remaining		Average Intrinsic
		Outstanding		Exercise Price		Life in years		Value
	Outstanding, June 30, 2013		3,315,426	$	0.95		0.41		-
	Granted		-		-		-		-
	Forfeited		3,315,426	$	0.95		-		-
	Exercised		-		-		-		-
	Outstanding, December 31, 2013		-	$	-		-		-

TAXES_Tables

TAXES (Tables)	6 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	'
	Significant components of the income tax provision were as follows:
		For the six months ended						For the three months ended
		December 31,						December 31,
		2013			2012			2013			2012
	Current tax provision
	Federal	$	-		$	-		$	-		$	-
	State		-			-			-			-
	Foreign		-			359,924			-88,669			179,866
			-			359,924			-88,669			179,866
	Deferred tax benefit, net of valuation allowance
	Federal		-			-			-			-
	State		-			-			-			-
	Foreign		105,734			-280,322			105,734			-19,137
			105,734			-280,322			105,734			-19,137
	Income tax provision	$	105,734		$	79,602		$	17,065		$	160,729
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	'
	The pre-tax earnings (loss) for the six and three months ended December 31, 2013 and 2012 are summarized below:
		For the six months ended						For the three months ended
		December 31,						December 31,
		2013			2012			2013			2012
	Profitable entities	$	1,486,258		$	1,279,161		$	287,537		$	1,350,503
	Loss entities		-2,051,688			-2,899,587			-916,900			-1,713,974
	Total loss before taxes	$	-565,430		$	-1,620,426		$	-629,363		$	-363,471
Schedule of Tax Calculation [Table Text Block]	'
	Tax calculation:
		For the six months ended								For the three months ended
		December 31,								December 31,
		2013				2012				2013			2012
	Earnings	$	1,486,258			$	1,279,161			$	287,537		$	1,350,503
	NOL applied		-1,486,258				-1,279,161				-287,537			-1,350,503
	Tax base		-				-				-			-
	Statutory rate		25	%			25	%			25	%		25	%
	Tax expense	$	-			$	-			$	-		$	-
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	'
	Taxes payable consisted of the following:
		December 31,			June 30,
		2013			2013
	Business tax payable	$	15,047		$	63,405
	Corporate income tax payable		196,378			222,525
	VAT payable		227,401			150,791
	Other		196,085			212,697
	Total taxes payable	$	634,911		$	649,418

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	6 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	The CODM evaluates performance based on each reporting segment's revenues, cost of revenues, and gross profit. Selling expenses and G&A expenses are not separated reviewed to each segment. The CODM does not review balance sheet information to measure the performance of the reportable segments, nor is this part of the segment information regularly provided to the CODM.
		For the three months ended December 31, 2013
		Dalian		Shenyang District		Beijing		Tianjin		Shanghai District		US Corporation		Total
		District				District		District
	Revenue	$	3,834,192	$	257,696	$	465,617	$	237,249	$	146	$	692,665	$	5,487,565
	Cost of Revenue		-2,717,317		-252,617		-409,572		-40,480		-133,735		-878,751		-4,432,472
	Gross Profit	$	1,116,875	$	5,079	$	56,045	$	196,769	$	-133,589	$	-186,086	$	1,055,093
		For the three months ended December 31, 2012
		Dalian		Shenyang District		Beijing		Tianjin		Shanghai		US Corporation		Total
		District				District		District		District
	Revenue	$	5,081,512	$	460,647	$	5,791	$	222,389	$	251,879	$	-	$	6,022,218
	Cost of Revenue		-3,039,816		-461,179		-261,172		-28,318		-227,460		-854,870		-4,872,815
	Gross Profit	$	2,041,696	$	-532	$	-255,381	$	194,071	$	24,419	$	-854,870	$	1,149,403
		For the six months ended December 31, 2013
		Dalian		Shenyang District		Beijing		Tianjin		Shanghai		US Corporation		Total
		District				District		District		District
	Revenue	$	8,229,536	$	410,818	$	1,250,928	$	280,564	$	49,645	$	917,665	$	11,139,156
	Cost of Revenue		-5,310,437		-489,490		-739,995		-69,507		-264,992		-1,762,774		-8,637,195
	Gross Profit	$	2,919,099	$	-78,672	$	510,933	$	211,057	$	-215,347	$	-845,109	$	2,501,961
		For the six months ended December 31, 2012
		Dalian		Shenyang District		Beijing		Tianjin		Shanghai District		US Corporation
		District				District		District
	Revenue	$	9,397,042	$	585,272	$	714,182	$	343,892	$	462,793	$	-	$	11,503,181
	Cost of Revenue		-5,860,309		-703,915		-547,704		-75,347		-623,666		-1,707,570		-9,518,511
	Gross Profit	$	3,536,733	$	-118,643	$	166,478	$	268,545	$	-160,873	$	-1,707,570	$	1,984,670

ORGANIZATION_BASIS_OF_PRESENTA1

ORGANIZATION, BASIS OF PRESENTATION AND LIQUIDITY (Details Textual)	6 Months Ended					6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Jul. 25, 2012	Jul. 25, 2012	Dec. 31, 2013	27-May-13	27-May-13	Dec. 31, 2013
	USD ($)	USD ($)	Bank of Asia [Member]	Bank of Asia [Member]	Bank of Asia [Member]	China Merchants Bank [Member]	China Merchants Bank [Member]	China Merchants Bank [Member]	Bank Of China [Member]
			Revolving Note Payable [Member]	Revolving Note Payable [Member]	Revolving Note Payable [Member]	Revolving Note Payable [Member]	Revolving Note Payable [Member]	Revolving Note Payable [Member]	USD ($)
				USD ($)	CNY		USD ($)	CNY
Organization, Basis Of Presentation And Liquidity [Line Items]	'	'	'	'	'	'	'	'	'
Line of Credit Facility, Amount Outstanding	'	'	'	$3,600,000	22,000,000	'	$1,600,000	10,000,000	$3,480,000
Line of Credit Facility, Initiation Date	'	'	25-Jul-12	'	'	27-May-13	'	'	'
Line of Credit Facility, Expiration Date	'	'	25-Jul-20	'	'	26-May-14	'	'	'
Net Cash Provided by (Used in) Operating Activities, Total	$3,285,770	$1,958,972	'	'	'	'	'	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
			Bank Of China [Member]	Notes Payable [Member]	Minimum [Member]
Significant Accounting Policies [Line Items]	'	'	'	'	'
Restricted cash	$3,103,035	$3,322,299	'	$2,700,000	'
Line of Credit Facility, Amount Outstanding	'	'	3,480,000	'	'
Deposits	400,000	'	'	'	'
Percentage Of Cash Balance To Be Maintained From Notes Payable As Collateral	'	'	'	'	50.00%
Allowance for Uncollectible Customers Liability for Acceptances	2,270,447	1,824,593	'	'	'
Allowance For Uncollectible Advances On Inventory Purchases	$100,155	$98,797	'	'	'

LOANS_RECEIVABLE_Details

LOANS RECEIVABLE (Details) (USD $)	Dec. 31, 2013		Jun. 30, 2013		Jun. 30, 2012
Loans Receivable [Line Items]	'		'		'
Total loans receivable	$3,996,141		$3,259,552		'
Doubtful accounts allowance	-845,131		-833,700		'
Net loans receivable	3,151,010		2,425,882		'
Dalian Qianbaihe Cloth Accessories Co [Member]	'		'		'
Loans Receivable [Line Items]	'		'		'
Total loans receivable	239,867		236,614	[1]	'
Doubtful accounts allowance	-109,019		'		'
Net loans receivable	240,000		'		'
Dalian Tianjun Trade Co [Member]	'		'		'
Loans Receivable [Line Items]	'		'		'
Total loans receivable	1,256,992	[2]	767,417	[2]	'
Dalian Digital Media Co [Member]	'		'		'
Loans Receivable [Line Items]	'		'		'
Total loans receivable	37,198	[3]	36,693	[3]	'
Net loans receivable	'		'		40,000
Beijing Cross Strait Publishing Exchange Center [Member]	'		'		'
Loans Receivable [Line Items]	'		'		'
Total loans receivable	49,554	[4]	48,882	[4]	'
Net loans receivable	'		'		50,000
Dalian Culture and Broadcasting Corp [Member]	'		'		'
Loans Receivable [Line Items]	'		'		'
Total loans receivable	138,752	[5]	136,870	[5]	'
Net loans receivable	140,000		'		'
Dalian Bomeishiji Media Corp [Member]	'		'		'
Loans Receivable [Line Items]	'		'		'
Total loans receivable	148,048	[6]	146,040	[6]	'
Net loans receivable	'		150,000		'
Shenzhen Lianchuang Jianhe Corp [Member]	'		'		'
Loans Receivable [Line Items]	'		'		'
Total loans receivable	734,782	[7]	545,583	[7]	'
Net loans receivable	730,000		'		'
Bainianchahui Corp [Member]	'		'		'
Loans Receivable [Line Items]	'		'		'
Total loans receivable	260,831	[8]	232,082	[8]	'
Net loans receivable	260,000		'		'
Dalian Tongxing iron and steel Co [Member]	'		'		'
Loans Receivable [Line Items]	'		'		'
Total loans receivable	221,425	[9]	218,422	[9]	'
Net loans receivable	220,000		'		'
Dalian Yongshun Material Corp [Member]	'		'		'
Loans Receivable [Line Items]	'		'		'
Total loans receivable	135,646	[10]	133,807	[10]	'
Net loans receivable	140,000		'		'
Others [Member]	'		'		'
Loans Receivable [Line Items]	'		'		'
Total loans receivable	773,046	[11]	757,142	[11]	'
Doubtful accounts allowance	-513,713		'		'
Net loans receivable	$770,000		'		'
[1]	The Company made a non-interest bearing loan to Dalian Qianbaihe Cloth Accessories Co. for $0.24 million due on March 4, 2014 with interest rate of 10% per annum. $109,019 of the loan has been reserved for doubtful accounts.
[2]	The Company made the following loans to Dalian Tianjun Trade Co.: (1) $0.25 million (RMB 1.5 million) for one year from December 31, 2012 to December 30, 2013. The loan is expected to be paid by June 30, 2014. (2) One-year term loan from November 30, 2012 to October 29, 2013 in the amount of $0.49 million (RMB 3 million). The loan is expected to be repaid by June 30, 2014. (3) In Aug 2013, the Company made a loan of $0.03 million (RMB0.21 million) and in Dec. 2013, the Company made an additional loan of $0.49 million (RMB2.9 million). All these loans bear interest rate of 10% per annum.
[3]	The Company made a non-interest bearing loan of $0.04 million to Dalian Digital Media Co. as of June 30, 2012. The loan is due on demand and bears no interest. The loan receivable has been fully reserved.
[4]	The Company loaned $0.05 million to Beijing Cross-Strait publishing exchange center on November 20, 2011 which was due on November 19, 2012 with no interest. The loan receivable has been fully reserved.
[5]	The Company loaned $0.14 million to Dalian Culture and broadcasting Corp in December 2012, which is due on October 30, 2014 with interest rate of 10% per annum.
[6]	The Company loaned $0.15 million to Dalian Bomeishiji Media Corp in December 2012, which is due on demand with no interest.
[7]	The Company loaned $0.73 million to Shenzhen Lianchuangjianhe Corp in 2013 which is due on October 24, 2014 with interest rate of 10% per annum.
[8]	The Company loaned $0.26 million to Bainianchahui Corp. in 2013 which is due on demand with no interest.
[9]	The Company loaned $0.22 million to Dalian Tongxing iron and steel Co., Ltd. in 2013 which is due on June 25, 2014, with interest rate of 10% per annum.
[10]	The Company loaned $0.14 million to Dalian Yongshun Material Corp. which is due on demand with no interest. The loan receivable has been fully reserved.
[11]	The Company had various loans of $0.77 million to other third parties as of December 31, 2013, which are due on demand and bear no interest. $513,713 of the loan has been reserved for doubtful accounts.

LOANS_RECEIVABLE_Details_Textu

LOANS RECEIVABLE (Details Textual)

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2012

Jun. 30, 2012

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

USD ($)

USD ($)

Dalian Qianbaihe Cloth Accessories Co [Member]

Dalian Digital Media Co [Member]

Beijing Cross Strait Publishing Exchange Center [Member]

Others [Member]

Dalian Culture and Broadcasting Corp [Member]

Dalian Bomeishiji Media Corp [Member]

Shenzhen Lianchuang Jianhe Corp [Member]

Bainianchahui Corp [Member]

Dalian Tongxing iron and steel Co [Member]

Dalian Yongshun Material Corp [Member]

Loans Receivable One [Member]

Loans Receivable One [Member]

Loans Receivable Two [Member]

Loans Receivable Two [Member]

Loans Receivable Three [Member]

Loans Receivable Three [Member]

Loans Receivable Four [Member]

Loans Receivable Four [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Dalian Tianjun Trade Co [Member]

Dalian Tianjun Trade Co [Member]

Dalian Tianjun Trade Co [Member]

Dalian Tianjun Trade Co [Member]

Dalian Tianjun Trade Co [Member]

Dalian Tianjun Trade Co [Member]

Dalian Tianjun Trade Co [Member]

Dalian Tianjun Trade Co [Member]

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

Loans Receivable [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total loans receivable

$3,151,010

$2,425,882

$240,000

$40,000

$50,000

$770,000

$140,000

$150,000

$730,000

$260,000

$220,000

$140,000

$250,000

1,500,000

$490,000

3,000,000

$30,000

210,000

$490,000

2,900,000

Loans Receivable Issuance Date

'

'

'

'

'

'

'

'

'

'

'

'

31-Dec-12

31-Dec-12

30-Nov-12

30-Nov-12

'

'

'

'

Loans Receivable Maturity Date

'

'

4-Mar-14

'

19-Nov-12

'

30-Oct-14

'

24-Oct-14

'

25-Jun-14

'

30-Dec-13

30-Dec-13

29-Oct-13

29-Oct-13

'

'

'

'

Loans Receivable Term Of Loan

'

'

'

'

'

'

'

'

'

'

'

'

'one year

'one year

'One-year

'One-year

'

'

'

'

Loans and Leases Receivable, Allowance

$845,131

$833,700

$109,019

'

'

$513,713

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loans Receivable Interest Rate

10.00%

'

10.00%

'

'

'

10.00%

'

10.00%

'

10.00%

'

10.00%

10.00%

10.00%

10.00%

10.00%

10.00%

10.00%

10.00%

MAJOR_SUPPLIERS_AND_CUSTOMERS_

MAJOR SUPPLIERS AND CUSTOMERS (Details Textual)	6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Major Suppliers And Customers [Line Items]	'	'
Percentage Of Raw Materials Purchased	78.00%	65.00%
Customer One [Member]	'	'
Major Suppliers And Customers [Line Items]	'	'
Concentration Risk, Percentage	12.20%	'
Supplier One [Member]	'	'
Major Suppliers And Customers [Line Items]	'	'
Percentage Of Raw Materials Purchased	52.00%	28.00%
Supplier Two [Member]	'	'
Major Suppliers And Customers [Line Items]	'	'
Percentage Of Raw Materials Purchased	13.00%	28.00%
Supplier Three [Member]	'	'
Major Suppliers And Customers [Line Items]	'	'
Percentage Of Raw Materials Purchased	13.00%	9.00%

PROPERTY_EQUIPMENT_AND_CONSTRU2

PROPERTY, EQUIPMENT AND CONSTRUCTION IN PROGRESS, NET (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Property, Plant and Equipment [Line Items]	'	'
Advertising equipment	$31,129,520	$30,614,086
Office equipment and furniture	909,857	840,724
Office building and Improvement	119,819	118,195
Subtotal	33,834,501	33,225,590
Less: Accumulated depreciation	-13,024,490	-11,323,309
Construction in progress	1,917,244	1,747,569
Total	22,727,255	23,649,850
Transportation Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Transportation	$1,675,305	$1,652,585

PROPERTY_EQUIPMENT_AND_CONSTRU3

PROPERTY, EQUIPMENT AND CONSTRUCTION IN PROGRESS, NET (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]	'	'	'	'
Depreciation	$738,282	$661,824	$1,495,594	$1,301,052
Pledged Assets Separately Reported, Loans Pledged as Collateral, at Fair Value	$25,370,000	'	$25,370,000	'

BILLBOARDS_USE_RIGHT_Details

BILLBOARDS USE RIGHT (Details) (Use Rights [Member], USD $)	Dec. 31, 2013
Use Rights [Member]	'
12 months ending December 31,	'
2014	$1,848,900
2015	764,440
2016	503,790
2017	290,260
2018	$251,700

BILLBOARDS_USE_RIGHT_Details_1

BILLBOARDS USE RIGHT (Details 1) (Use Rights [Member], USD $)	Dec. 31, 2013
Use Rights [Member]	'
12 months ending December 31,	'
2014	$3,664,104
2015	295,178
2016	315,702
2017	123,060
Finite-Lived Intangible Assets, Future Minimum Payments Due	$4,398,044

BILLBOARDS_USE_RIGHT_Details_T

BILLBOARDS USE RIGHT (Details Textual) (Use Rights [Member], USD $)	1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Billboards Use Right [Line Items]	'	'	'	'	'
Finite-Lived Intangible Assets, Amortization Method	'	'	'	'straight-line basis	'
Finite-Lived Intangible Assets, Amortization Expense	'	$1,625,612	$1,555,040	$3,284,052	$2,853,468
Lease Agreement Term	'1 year	'	'	'12 months	'
Lease Agreement Date	1-Jan-13	'	'	1-Mar-12	'
Lease Contract Value	900,000	'	'	'	'
Operating Leases, Rent Expense	'	'	'	840,000	'
Operating Leases, Rent Expense, Minimum Rentals	'	'	'	870,000	'
Cost of Sales [Member]	'	'	'	'	'
Billboards Use Right [Line Items]	'	'	'	'	'
Operating Leases, Rent Expense	'	$870,000	$840,000	$1,740,000	$1,680,000

SHORT_TERM_LOANS_Details

SHORT TERM LOANS (Details)

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

USD ($)

USD ($)

Shanghai Pudong Development Bank [Member]

Shanghai Pudong Development Bank [Member]

Shanghai Pudong Development Bank [Member]

Dalian Bank Xigang Branch [Member]

Dalian Bank Xigang Branch [Member]

Dalian Bank Xigang Branch [Member]

Industrial And Commercial Bank Of China [Member]

Industrial And Commercial Bank Of China [Member]

Jinzhou Bank [Member]

Jinzhou Bank [Member]

Dalian Bank Shenyang Branch [Member]

Dalian Bank Shenyang Branch [Member]

Dalian Bank Shenyang Branch [Member]

Dalian Bank Shanghai Branch [Member]

Dalian Bank Shanghai Branch [Member]

Dalian Bank Shanghai Branch [Member]

Yinkou Bank [Member]

Yinkou Bank [Member]

China Merchant Bank [Member]

China Merchant Bank [Member]

China Merchant Bank [Member]

Guangdong Development Bank [Member]

Guangdong Development Bank [Member]

Guangdong Development Bank [Member]

Unrelated Parties [Member]

Unrelated Parties [Member]

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

USD ($)

USD ($)

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

USD ($)

USD ($)

Short-term Debt [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Short term loans

$13,809,123

$12,579,026

$1,651,809

[1]

1,000,000

$0

[1]

$3,303,618

[2]

20,000,000

$3,258,815

[2]

$297,326

[3]

$293,293

[3]

$1,651,809

[4]

$1,629,408

[4]

$991,085

[5]

6,000,000

$651,763

[5]

$479,025

[6]

2,900,000

$472,528

[6]

$1,651,809

[7]

$1,629,408

[7]

$825,904

[8]

5,000,000

$814,704

[8]

$2,477,713

[9]

15,000,000

$2,444,111

[9]

$479,025

[10]

$1,384,996

[10]

[1]

Loan payable to Shanghai Pudong Development bank is a one-year term loan from July 3, 2013 to June 17, 2014 for RMB 1,000,000 ($1.65 million) at a variable interest rate based on the interest rate set by the Peoplebs Bank of China. The effective rate is 7.2% per year. This loan has been guaranteed by the Companybs major stockholders, Mr. Guojun Wang and Ms. Ming Ma as well as Joint Venture Guarantee Group Co., LTD, an independent third party guarantee company.

[2]

Loan payable to Dalian Bank Xigang Branch is in the amount of RMB 20,000,000 ($3.30 million) for a one-year term from December 20, 2012 to December 19, 2013 with a fixed interest rate of 8.4% per year. On December 16, 2013, the loan was renewed with the due date on December 15, 2014. This loan has been guaranteed by an unrelated company, Dalian Huanbohai Development Credit Guaranty Company. The Company pledged its trademark for this loan.

[3]

Loan payable to Industrial and Commercial Bank of China was for a one-year term from September 20, 2012 to September 12, 2013, and was repaid on the due date. The Company obtained a new loan for the same amount from September 29, 2013 to August 28, 2014 at a variable interest rate based on the interest rate set by the Peoplebs Bank of China. The effective rate is 7.28% per year. The Company pledged a real estate property owned by the Companybs major stockholder.

[4]

The Company obtained a loan from Jinzhou Bank in the amount of RMB 10,000,000 ($1.65 million) for a term from December 11, 2012 to December 10, 2013 with a fixed interest rate of 8.4% per year. The loan was repaid when it was due. The Company obtained a new loan for the same amount from November 18, 2013 to November 17, 2014 with a fixed interest rate of 8.4% per year. The Company pledged part of its advertising equipment with a carrying value of RMB 31 million (approximately $5.1 million).

[5]

The Company signed a loan agreement with Dalian Bank Shenyang Branch in the amount of RMB 6,000,000 ($991,085) for a term from June 19, 2013 to June 18, 2014 with a fixed interest rate of 8.1% per year. The Company drew down RMB 4,000,000 ($660,724) as of June 30, 2013 and drew down another RMB 2,000,000 in current quarter.

[6]

Loan payable to Dalian Bank Shanghai Branch is in the amount of RMB 2,900,000 for a term from November 29, 2012 to November 27, 2013 with a fixed interest rate of 7.8% per year. One December 3, 2013, the loan was extended for one year, which is due on December 2, 2014, with the same interest rate.

[7]

Loan payable to Yingkou bank consisted of two loans. One loan in the amount of RMB 5,000,000 ($0.83 million) from May 22, 2013 to May 21, 2014 with a fixed interest rate of 7.8% per year. Another loan is in the amount of RMB5,000,000 ($0.83 million) from June 26, 2013 to June 25, 2014 with a fixed interest rate of 7.8% per year. Both loans have been guaranteed by Liaoning Baijia Financing Assurance Co.,Ltd, and one of the Companybs major stockholders, Ms. Ming Ma. In the guarantee contract, the Company pledged part of its advertising equipment to Liaoning Baijia Financing Assurance Co., Ltd.

[8]

Loan payable to China Merchant bank is a one-year term loan in amount of RMB 5,000,000 ($0.83 million) from May 30, 2013 to May 30, 2014 with a fixed interest rate of 7.8% per year. The Company pledged part of its advertising equipment with an approximate carrying value of RMB 12.1 million (approximately $1.98 million).

[9]

Loan payable to Guangdong Development Bank is a one-year term loan from May 9, 2013 to May 8, 2014 in amount of RMB15,000,000 ($2.47 million) with a fixed interest rate of 7.8% per year. This loan has been guaranteed by Dalian Enterprise Credit Guarantee Co., LTD and the Companybs major stockholders, Mr. Guojun Wang and Ms. Ming Ma. In the guarantee contract, the Company pledged part of its advertising equipment to Dalian Enterprise Credit Guarantee Co., LTD.

[10]

The Company had $0.48 million and $1.38 million of loans from outside unrelated parties as of December 31, 2013 and June 30, 2013, respectively. The due date of the loan is December 2, 2014.

SHORT_TERM_LOANS_Details_Textu

SHORT TERM LOANS (Details Textual)

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

USD ($)

USD ($)

Shanghai Pudong Development Bank [Member]

Shanghai Pudong Development Bank [Member]

Shanghai Pudong Development Bank [Member]

Dalian Bank Xigang Branch [Member]

Dalian Bank Xigang Branch [Member]

Dalian Bank Xigang Branch [Member]

Industrial and Commercial Bank Of China Loan One [Member]

Industrial and Commercial Bank Of China Loan Two [Member]

Jinzhou Bank Loan One [Member]

Jinzhou Bank Loan One [Member]

Jinzhou Bank Loan Two [Member]

Dalian Bank Shenyang Branch [Member]

Dalian Bank Shenyang Branch [Member]

Dalian Bank Shenyang Branch [Member]

Dalian Bank Shenyang Branch [Member]

Dalian Bank Shanghai Branch [Member]

Dalian Bank Shanghai Branch [Member]

Dalian Bank Shanghai Branch [Member]

Yinkou Bank Loan One [Member]

Yinkou Bank Loan One [Member]

Yinkou Bank Loan Two [Member]

Yinkou Bank Loan Two [Member]

China Merchant Bank [Member]

China Merchant Bank [Member]

China Merchant Bank [Member]

Guangdong Development Bank [Member]

Guangdong Development Bank [Member]

Guangdong Development Bank [Member]

Unrelated Parties [Member]

Unrelated Parties [Member]

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

USD ($)

CNY

CNY

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

USD ($)

USD ($)

Short-term Debt [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Issuance Date

'

'

3-Jul-13

3-Jul-13

'

20-Dec-12

20-Dec-12

'

20-Sep-12

29-Sep-13

11-Dec-12

11-Dec-12

18-Nov-13

19-Jun-13

'

'

'

29-Nov-12

29-Nov-12

'

22-May-13

22-May-13

26-Jun-13

26-Jun-13

30-May-13

30-May-13

'

9-May-13

9-May-13

'

'

'

Debt Instrument, Maturity Date

'

'

17-Jun-14

17-Jun-14

'

19-Dec-13

19-Dec-13

'

12-Sep-13

28-Aug-14

10-Dec-13

10-Dec-13

17-Nov-14

18-Jun-14

'

'

'

27-Nov-13

27-Nov-13

'

21-May-14

21-May-14

25-Jun-14

25-Jun-14

30-May-14

30-May-14

'

8-May-14

8-May-14

'

'

'

Short-term Bank Loans and Notes Payable

$13,809,123

$12,579,026

$1,651,809

[1]

1,000,000

$0

[1]

$3,303,618

[2]

20,000,000

$3,258,815

[2]

'

'

$1,650,000

10,000,000

'

6,000,000

$651,763

[3]

'

$991,085

[3]

$479,025

[4]

2,900,000

$472,528

[4]

$830,000

5,000,000

$830,000

5,000,000

$825,904

[5]

5,000,000

$814,704

[5]

$2,477,713

[6]

15,000,000

$2,444,111

[6]

$479,025

[7]

$1,384,996

[7]

Short-term Debt, Percentage Bearing Variable Interest Rate

'

'

7.20%

7.20%

'

'

'

'

'

7.28%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Short-term Debt, Percentage Bearing Fixed Interest Rate

'

'

'

'

'

8.40%

8.40%

'

'

'

8.40%

8.40%

8.40%

'

'

'

8.10%

7.80%

7.80%

'

7.80%

7.80%

7.80%

7.80%

7.80%

7.80%

'

7.80%

7.80%

'

'

'

Advertising Equipment Pledged For Loan

'

'

'

'

'

'

'

'

'

'

5,100,000

31,000,000

'

'

'

'

'

'

'

'

'

'

'

'

1,980,000

12,100,000

'

'

'

'

'

'

Proceeds from Short-term Debt, Total

'

'

'

'

'

'

'

'

'

'

'

'

'

2,000,000

$660,724

4,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Short-term Debt, Repayment, Description

'

'

'

'

'

'

'

'

'

'

'

'

'The loan was repaid when it was due.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

Loan payable to Shanghai Pudong Development bank is a one-year term loan from July 3, 2013 to June 17, 2014 for RMB 1,000,000 ($1.65 million) at a variable interest rate based on the interest rate set by the Peoplebs Bank of China. The effective rate is 7.2% per year. This loan has been guaranteed by the Companybs major stockholders, Mr. Guojun Wang and Ms. Ming Ma as well as Joint Venture Guarantee Group Co., LTD, an independent third party guarantee company.

[2]

Loan payable to Dalian Bank Xigang Branch is in the amount of RMB 20,000,000 ($3.30 million) for a one-year term from December 20, 2012 to December 19, 2013 with a fixed interest rate of 8.4% per year. On December 16, 2013, the loan was renewed with the due date on December 15, 2014. This loan has been guaranteed by an unrelated company, Dalian Huanbohai Development Credit Guaranty Company. The Company pledged its trademark for this loan.

[3]

The Company signed a loan agreement with Dalian Bank Shenyang Branch in the amount of RMB 6,000,000 ($991,085) for a term from June 19, 2013 to June 18, 2014 with a fixed interest rate of 8.1% per year. The Company drew down RMB 4,000,000 ($660,724) as of June 30, 2013 and drew down another RMB 2,000,000 in current quarter.

[4]

Loan payable to Dalian Bank Shanghai Branch is in the amount of RMB 2,900,000 for a term from November 29, 2012 to November 27, 2013 with a fixed interest rate of 7.8% per year. One December 3, 2013, the loan was extended for one year, which is due on December 2, 2014, with the same interest rate.

[5]

Loan payable to China Merchant bank is a one-year term loan in amount of RMB 5,000,000 ($0.83 million) from May 30, 2013 to May 30, 2014 with a fixed interest rate of 7.8% per year. The Company pledged part of its advertising equipment with an approximate carrying value of RMB 12.1 million (approximately $1.98 million).

[6]

Loan payable to Guangdong Development Bank is a one-year term loan from May 9, 2013 to May 8, 2014 in amount of RMB15,000,000 ($2.47 million) with a fixed interest rate of 7.8% per year. This loan has been guaranteed by Dalian Enterprise Credit Guarantee Co., LTD and the Companybs major stockholders, Mr. Guojun Wang and Ms. Ming Ma. In the guarantee contract, the Company pledged part of its advertising equipment to Dalian Enterprise Credit Guarantee Co., LTD.

[7]

The Company had $0.48 million and $1.38 million of loans from outside unrelated parties as of December 31, 2013 and June 30, 2013, respectively. The due date of the loan is December 2, 2014.

LONG_TERM_LOAN_Details

LONG TERM LOAN (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Debt Instrument [Line Items]	'	'
Less: current portion	($55,478)	($389,876)
Long term loan- noncurrent portion	0	0
Orix Finance Leases (China) Co Ltd [Member]	'	'
Debt Instrument [Line Items]	'	'
Total long term loans	$55,478	$389,876

LONG_TERM_LOAN_Details_Textual

LONG TERM LOAN (Details Textual) (Orix Finance Leases (China) Co Ltd [Member])	6 Months Ended		6 Months Ended				6 Months Ended
	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 29, 2011	Dec. 29, 2011	Dec. 31, 2013	Dec. 31, 2013	Dec. 29, 2011	Dec. 29, 2011
	USD ($)	USD ($)	Shenyang [Member]	Shenyang [Member]	Shenyang [Member]	Shenyang [Member]	Beijing [Member]	Beijing [Member]	Beijing [Member]	Beijing [Member]
			USD ($)	CNY	USD ($)	CNY	USD ($)	CNY	USD ($)	CNY
Debt Instrument [Line Items]	'	'	'	'	'	'	'	'	'	'
Long-term Debt, Total	$55,478	$389,876	'	'	$670,000	4,100,000	'	'	$570,000	3,500,000
Pledged Assets, Not Separately Reported, Other	'	'	'	'	1,000,000	6,260,000	'	'	870,000	5,370,000
Long-term Debt, Maturities, Repayment Terms	'These loans are paid on a monthly basis over a two-year period and consist of a fixed payment based upon a 24-month amortization of the loan amount plus an interest component that varies based upon the rate announced from time to time by the Peoples Bank of China for two-year loans.	'	'	'	'	'	'	'	'	'
Debt Instrument, Periodic Payment	'	'	$30,000	181,309	'	'	$20,000	155,410	'	'
Debt Instrument, Interest Rate, Stated Percentage	6.65%	'	'	'	'	'	'	'	'	'

BANK_ACCEPTANCE_NOTES_PAYABLE_

BANK ACCEPTANCE NOTES PAYABLE (Details Textual) (USD $)	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2013
			Minimum [Member]
Bank Acceptance Notes Payable [Line Items]	'	'	'
Percentage Of Cash Balance To Be Maintained From Notes Payable As Collateral	'	'	50.00%
Restricted Cash Associated With Notes Payable	$2,700,000	'	'
Bank acceptance notes payable	$5,285,789	$5,214,104	'

SUBSIDY_INCOME_Details_Textual

SUBSIDY INCOME (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Subsidy Income [Line Items]	'	'	'	'
Subsidy income	$43,692	$402,373	$194,743	$443,597
Special Tax Refund [Member]	'	'	'	'
Subsidy Income [Line Items]	'	'	'	'
Subsidy income	$43,692	$129,743	$194,743	$171,304

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Related Party Transaction [Line Items]	'	'
Due to related parties	$154,490	$362,103
Wang, Caiqin [Member]	'	'
Related Party Transaction [Line Items]	'	'
Due to related parties	143,707	146,157
Ma, Ming [Member]	'	'
Related Party Transaction [Line Items]	'	'
Due to related parties	10,783	93,577
Wang, Guojun [Member]	'	'
Related Party Transaction [Line Items]	'	'
Due to related parties	$0	$122,369

WARRANTS_Details

WARRANTS (Details) (USD $)	6 Months Ended
	Dec. 31, 2013	Jun. 30, 2010
Class of Warrant or Right [Line Items]	'	'
Warrants Outstanding, June 30, 2013	3,315,426	3,298,760
Warrants Outstanding, Granted	0	'
Warrants Outstanding, Forfeited	3,315,426	'
Warrants Outstanding, Exercised	0	'
Warrants Outstanding, December 31, 2013	0	3,298,760
Weighted Average Exercise Price Outstanding, June 30, 2013 (in dollars per share)	$0.95	'
Weighted Average Exercise Price, Granted (in dollars per share)	$0	'
Weighted Average Exercise Price, Forfeited (in dollars per share)	$0.95	'
Weighted Average Exercise Price, Exercised (in dollars per share)	$0	'
Weighted Average Exercise Price Outstanding, December 31, 2013 (in dollars per share)	$0	'
Average Remaining Life Outstanding, June 30, 2013 (in years)	'4 months 28 days	'
Average Remaining Life, Granted (in years)	'0 years	'
Average Remaining Life, Forfeited (in years)	'0 years	'
Average Remaining Life, Exercised (in years)	'0 years	'
Average Remaining Life Outstanding, December 31, 2013 (in years)	'0 years	'
Average Intrinsic Value Outstanding, June 30, 2013	$0	'
Average Intrinsic Value, Granted	0	'
Average Intrinsic Value, Forfeited	0	'
Average Intrinsic Value, Exercised	0	'
Average Intrinsic Value Outstanding, December 31, 2013	$0	'

WARRANTS_Details_Textual

WARRANTS (Details Textual) (USD $)	12 Months Ended
	Jun. 30, 2010	Dec. 31, 2013	Jun. 30, 2013
Class of Warrant or Right [Line Items]	'	'	'
Stock Issued During Period, Value, Conversion of Convertible Securities, Net of Adjustments	$3,500,000	'	'
Stock Issued During Period, Shares, Conversion of Convertible Securities	10,415,000	'	'
Number Of Common Shares Converted	5,497,933	'	'
Number Of Share Warrants Exchanged	6,249,000	'	'
Class of Warrant or Right, Outstanding	3,298,760	0	3,315,426
Investment Warrants, Exercise Price	$0.95	'	'

TAXES_Details

TAXES (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Current tax provision	'	'	'	'
Federal	$0	$0	$0	$0
State	0	0	0	0
Foreign	-88,669	179,866	0	359,924
Current Income Tax Expense (Benefit)	-88,669	179,866	0	359,924
Deferred tax benefit, net of valuation allowance	'	'	'	'
Federal	0	0	0	0
State	0	0	0	0
Foreign	105,734	-19,137	105,734	-280,322
Deferred Income Tax Expense (Benefit)	105,734	-19,137	105,734	-280,322
Income tax provision	$17,065	$160,729	$105,734	$79,602

TAXES_Details_1

TAXES (Details 1) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Taxes [Line Items]	'	'	'	'
Total loss before taxes	($629,363)	($363,471)	($565,430)	($1,620,426)
Profitable entities [Member]	'	'	'	'
Taxes [Line Items]	'	'	'	'
Total loss before taxes	287,537	1,350,503	1,486,258	1,279,161
Loss Entities [Member]	'	'	'	'
Taxes [Line Items]	'	'	'	'
Total loss before taxes	($916,900)	($1,713,974)	($2,051,688)	($2,899,587)

TAXES_Details_2

TAXES (Details 2) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Taxes [Line Items]	'	'	'	'
Earnings	$287,537	$1,350,503	$1,486,258	$1,279,161
NOL applied	-287,537	-1,350,503	-1,486,258	-1,279,161
Tax base	0	0	0	0
Statutory rate	25.00%	25.00%	25.00%	25.00%
Tax expense	$17,065	$160,729	$105,734	$79,602

TAXES_Details_3

TAXES (Details 3) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Taxes [Line Items]	'	'
Business tax payable	$15,047	$63,405
Corporate income tax payable	196,378	222,525
VAT payable	227,401	150,791
Other	196,085	212,697
Total taxes payable	$634,911	$649,418

TAXES_Details_Textual

TAXES (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2013
Taxes [Line Items]	'	'	'	'	'
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	$4,072,585	'	$4,072,585	'	$3,162,886
Deferred Tax Assets, Valuation Allowance	1,384,679	'	1,384,679	'	1,075,381
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential	'	'	25.00%	'	'
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	3,292,031	'	3,292,031	'	4,081,411
Deferred Tax Assets, Gross, Total	800,000	'	800,000	'	1,000,000
Effective Business Tax Rate	'	'	5.00%	'	'
Effective Business Tax Rate Continuing Operations	'	'	3.00%	'	'
Business Tax Expense Benefit	158,884	364,157	582,219	761,607	'
Operating Loss Carry forwards, Amount, Limitations On Use	$2,051,688	'	$2,051,688	'	'

EARNINGS_PER_SHARE_Details_Tex

EARNINGS PER SHARE (Details Textual)	Dec. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'
Anti Dilutive Preferred Shares Excluded From Computation Of Earnings Per Share	1,000,000

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	$5,487,565	$6,022,218	$11,139,156	$11,503,181
Cost of revenue	-4,432,472	-4,872,815	-8,637,195	-9,518,511
Gross Profit	1,055,093	1,149,403	2,501,961	1,984,670
Dalian District [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	3,834,192	5,081,512	8,229,536	9,397,042
Cost of revenue	-2,717,317	-3,039,816	-5,310,437	-5,860,309
Gross Profit	1,116,875	2,041,696	2,919,099	3,536,733
Shenyang District [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	257,696	460,647	410,818	585,272
Cost of revenue	-252,617	-461,179	-489,490	-703,915
Gross Profit	5,079	-532	-78,672	-118,643
Beijing District [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	465,617	5,791	1,250,928	714,182
Cost of revenue	-409,572	-261,172	-739,995	-547,704
Gross Profit	56,045	-255,381	510,933	166,478
Tianjin District [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	237,249	222,389	280,564	343,892
Cost of revenue	-40,480	-28,318	-69,507	-75,347
Gross Profit	196,769	194,071	211,057	268,545
Shanghai District [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	146	251,879	49,645	462,793
Cost of revenue	-133,735	-227,460	-264,992	-623,666
Gross Profit	-133,589	24,419	-215,347	-160,873
US Corporation [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	692,665	0	917,665	0
Cost of revenue	-878,751	-854,870	-1,762,774	-1,707,570
Gross Profit	($186,086)	($854,870)	($845,109)	($1,707,570)