V Media 10-K 14 Oct 14 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Jun. 30, 2014	Oct. 09, 2014	Dec. 31, 2013
Document Information [Line Items]	'	'	'
Entity Registrant Name	'V Media Corp	'	'
Entity Central Index Key	'0001080627	'	'
Current Fiscal Year End Date	'--06-30	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Trading Symbol	'CMDI	'	'
Entity Common Stock, Shares Outstanding	'	27,590,001	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	30-Jun-14	'	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2014	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Public Float	'	'	$1,390,592.08

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Jun. 30, 2013
Current assets	'	'
Cash and cash equivalents	$1,141,377	$2,148,321
Restricted cash	2,882,750	3,322,299
Accounts receivable, net	3,796,095	4,007,205
Advance to suppliers, net	523,200	403,444
Loans receivable, net	689,291	2,425,882
Other current assets	90,577	397,110
Total current assets	9,123,290	12,704,261
Property, equipment and construction in progress, net	23,525,520	23,649,850
Other assets	'	'
Billboards use rights, net	3,330,283	3,281,728
Loans receivable, net	152,276	0
Security deposits	2,010,019	2,297,952
Total other assets	5,492,578	5,579,680
Total Assets	38,141,388	41,933,791
Current liabilities	'	'
Short term loans	15,876,250	12,579,026
Current portion of long term loans	0	389,876
Accounts payable	2,998,517	3,194,604
Bank acceptance notes payable	3,575,000	5,214,104
Other payables	1,609,876	2,372,044
Deferred revenues	1,692,272	2,392,681
Taxes payable	520,147	649,418
Due to related parties	415,685	362,103
Total current liabilities	26,687,747	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	1,108,296	1,122,624
Retained earnings	1,603,424	4,714,077
Total V Media Corp. equity	9,535,399	12,660,380
Noncontrolling interest	1,918,242	2,119,555
Total equity	11,453,641	14,779,935
Total Liabilities and Equity	$38,141,388	$41,933,791

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Jun. 30, 2014	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

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Revenues	$19,089,508	$21,823,216
Cost of revenue	-16,250,101	-18,247,311
Gross profit	2,839,407	3,575,905
Selling, general and administrative expenses	-5,139,047	-7,548,595
Loss from operations	-2,299,640	-3,972,690
Other income (expenses):	'	'
Interest income	101,567	47,243
Interest expense	-1,205,755	-1,359,366
Subsidy income	250,686	720,390
Other expenses	-27,760	-256,856
Total other expenses	-881,262	-848,589
Loss before income taxes	-3,180,902	-4,821,279
Income tax provision (benefit)	'	'
Current	125,741	458,845
Deferred	0	416,220
Total income tax provision	125,741	875,065
Net loss	-3,306,643	-5,696,344
Less: net (income) loss attribute to the noncontrolling interest	-195,990	364,535
Net loss attributable to V Media Corp.	-3,110,653	-6,060,879
Net loss	-3,306,643	-5,696,344
Other comprehensive income (loss)	'	'
Foreign currency translation gain (loss)	-19,651	439,849
Comprehensive loss	-3,326,294	-5,256,495
Less: comprehensive loss attributed to the noncontrolling interest	201,313	468,566
Comprehensive loss attributable to V Media Corp.	($3,527,607)	($5,725,061)
Earnings (loss) per share	'	'
Basic and diluted (in dollars per share)	($0.11)	($0.22)
Weighted average number of common shares	'	'
Basic and diluted (in shares)	27,590,701	27,590,701

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $)	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]
Balance at Jun. 30, 2012	$19,701,827	$100	$2,759	$6,820,820	$786,806	$10,774,956	$1,316,386
Balance (in shares) at Jun. 30, 2012	'	1,000,000	27,590,701	'	'	'	'
Noncontrolling interest capital contribution	334,603	0	0	0	0	0	334,603
Net income (loss) for the year	-5,696,344	0	0	0	0	-6,060,879	364,535
Foreign currency translation gain (loss)	439,849	0	0	0	335,818	0	104,031
Balance at Jun. 30, 2013	14,779,935	100	2,759	6,820,820	1,122,624	4,714,077	2,119,555
Balance (in shares) at Jun. 30, 2013	'	1,000,000	27,590,701	'	'	'	'
Net income (loss) for the year	-3,306,643	0	0	0	0	-3,110,653	-195,990
Foreign currency translation gain (loss)	-19,651	0	0	0	-14,328	0	-5,323
Balance at Jun. 30, 2014	$11,453,641	$100	$2,759	$6,820,820	$1,108,296	$1,603,424	$1,918,242
Balance (in shares) at Jun. 30, 2014	'	1,000,000	27,590,701	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($3,306,643)	($5,696,344)
Adjustments to reconcile net loss to net cash provided by operating activities:	'	'
Depreciation	2,534,107	2,494,683
Amortization	6,723,092	7,131,973
Loss on sale of property	0	80,917
Loss from equity investment	0	70,973
Provision for doubtful accounts-accounts receivable	739,514	1,295,654
Provision for doubtful accounts-loans receivable	559,897	916,194
Deferred tax provision	0	403,764
Changes in operating assets and liabilities	'	'
Accounts receivable	-538,643	-187,398
Advance to suppliers	-121,099	-72,501
Other current assets	306,099	-275,111
Security deposit	282,307	-179,077
Accounts payable	-187,837	825,137
Other payables	-639,338	238,558
Deferred revenues	-695,438	-343,949
Taxes payable	-232,958	122,250
Net cash provided by operating activities	5,423,060	6,825,723
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Loans to third party, net	1,021,157	-1,067,199
Proceeds from sale of property	0	208,127
Acquisition of billboards use rights	-6,780,238	-5,478,069
Purchase of property and equipment	-2,473,623	-2,418,373
Net cash used in investing activities	-8,232,704	-8,755,514
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Net proceeds (reduction) in restricted cash	431,463	-3,264,323
Net proceeds from capital contributions	0	334,603
Net proceeds from short-term bank loans	3,338,220	1,135,090
Net proceeds from (repayments of ) bank acceptance notes payable	-1,628,400	5,123,115
Net proceeds from (repayment of) related party loans	54,616	-253,172
Repayments of long-term loans	-389,634	-586,697
Net cash provided by financing activities	1,806,265	2,488,616
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND CASH EQUIVALENTS	-3,565	62,892
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	-1,006,944	621,717
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	2,148,321	1,526,604
CASH AND CASH EQUIVALENTS, END OF YEAR	1,141,377	2,148,321
SUPPLEMENTAL CASH FLOW DISCLOSURES	'	'
Income taxes paid	137,706	239,068
Interest paid	$1,075,725	$1,057,447

ORGANIZATION_BASIS_OF_PRESENTA

ORGANIZATION, BASIS OF PRESENTATION AND LIQUIDITY	12 Months Ended
	Jun. 30, 2014
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.
	On December 8, 2009, Golden Key International Inc. acquired all of the outstanding capital stock of HongKong Fortune-Rich Investment Co., Ltd., a Hong Kong corporation ("Fortune-Rich "), through V Media Corp., a Delaware corporation (the "Merger Sub") wholly owned by the Company. Fortune-Rich is a holding company whose only asset, held through a subsidiary, is 100% of the registered capital of Dalian Guo-Heng Management & Consultation Co., Ltd. ("Dalian Guo-Heng"), a limited liability company organized under the laws of the People's Republic of China ("PRC"). Substantially all of the Fortune-Rich's operations are conducted in China though Dalian Guo-Heng, and through contractual arrangements with several of Dalian Guo-Heng's consolidated affiliated entities in China, including Dalian Vastitude Media Group Co., Ltd. ("V-Media") and its subsidiaries. V-Media is an out-door advertising company headquartered in Dalian, the commercial center of Northeastern China. As a result of these contractual arrangements, which obligate the Company to absorb a majority of the risk of loss from V-Media's activities and entitle it to receive a majority of its residual returns. In addition, V-Media Group 's shareholders have pledged their equity interest in V-Media Group to Dalian Guo-Heng, irrevocably granted Dalian Guo-Heng an exclusive option to purchase, to the extent permitted under PRC law, all or part of the equity interests in V-Media Group and agreed to entrust all the rights to exercise their voting power to the person(s) appointed by Dalian Guo-Heng. Through these contractual arrangements, the Company and Dalian Guo-Heng hold all the variable interests of V-Media Group, and the Company and Dalian Guo-Heng have been determined to be the most closely associated with V-Media Group. Therefore, the Company is the primary beneficiary of V-Media Group. Based on these contractual arrangements, the Company believes that V-Media Group should be considered as a Variable Interest Entity ("VIE") under Accounting Standards Codification ("ASC") 810 ("Consolidation"), because the equity investors in V-Media Group do not have the characteristics of a controlling financial interest and the Company through Dalian Guo-Heng is the primary beneficiary of V-Media Group.
	In connection with the acquisition, Merger Sub issued 10 shares of the common stock of the Merger Sub which constituted the 10% ownership interest in the Merger Sub and 1,000,000 shares of Series A Preferred Stock of the Company to the shareholders of Fortune-Rich, in exchange for all the shares of the capital stock of Fortune-Rich (the "Share Exchange" or "Merger"). The 10 shares of the common stock of the Merger Sub were converted into approximately 26,398,634 shares of the common stock of the Company so that upon completion of the Merger, the shareholders of Fortune-Rich own approximately 96 % of the common stock of the Company. As a result of the above-mentioned transactions, the shareholders of Fortune-Rich and persons affiliated with V-Media own securities that represent 96% of the equity in the Company.
	The acquisition was accounted for as a reverse merger under the purchase method of accounting since there was a change of control. Accordingly, Hong Kong Fortune-Rich Investment Co., Ltd. and its subsidiaries will be treated as the continuing entity for accounting purposes.
	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.  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.
	Our long-term liquidity will depend on our ability to refinance our debts. Management expects to be able to refinance all of  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.  On September 4, 2014, we signed another agreement with Industrial and Commercial Bank of China, and pursuant to the agreement, the bank provided a RMB 1.8 million ($292,500) one year loan to us until September 3, 2015 (see Note 16).  Our major Shareholder, Mr. Guojun Wang has also pledged to provide personal loans when necessary to provide us with sufficient liquidity for the next 12 months.
	Additionally, our Time Square billboard lease expired on August 31, 2014 and the lease was not renewed due to the recurring losses on this project. Management expects to save approximately $3 million in lease payments annually on this project that will reduce approximately $1.8 million loss compared to the 2014 operating results.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2014
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 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 allowance for 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 June 30, 2014, the Company had restricted cash of $2.9 million. Restricted cash totaling $2.7 million 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 9). The Company also has a letter of credit from the Bank of China in the amount of $3.48 million. The letter of credit terms required the Company to deposit $0.2 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 Company reviews its accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, customer's historical payment history, its current credit-worthiness and current economic trends. The allowance for doubtful accounts totaled $2,557,684 and $1,824,593 as of June 30, 2014 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. We have annually recorded an allowance when there is doubt as to collectability. If facts subsequently become available to indicate that the allowance provided requires an adjustment, then the adjustment will be classified as a change in estimate. The allowance for doubtful accounts totaled $98,530 and $98,797 as of June 30, 2014 and June 30, 2013, respectively. Accounts are written off only after exhaustive collection efforts.
	Property, Equipment and Construction in Progress
	Property and equipment are stated at cost less accumulated depreciation. Expenditures for maintenance and repairs are charged to earnings as incurred while additions, renewals and betterments are capitalized. When property and equipment is retired or otherwise disposed of, the related cost and  accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property, plant and equipment is provided using the straight-line method for substantially all assets with estimated lives as follows:
		Estimated	Residual
		Useful Life	value
	Building	15 years	5	%
	Improvement of the building	5 years	0	%
	Advertising equipment	4-15 years	5	%
	Transportation	7 years	5	%
	Office equipment and furniture	5 years	5	%
	Construction in progress represents direct costs of construction or acquisition and design fees incurred. Capitalization of these costs ceases and the construction in progress is transferred to plant and equipment when substantially all the activities necessary to prepare the assets for their intended use are completed. No depreciation is provided until it is completed and ready for intended use.
	Impairment of long-lived assets
	Long-lived assets, which include property, plant and equipment, billboard use right and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the assets. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the assets. Fair value is generally determined using the asset's expected future discounted cash flows or market value, if readily determinable. No impairment loss has been recorded for the years ended June 30, 2014 and 2013.
	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.
	Deferred revenues represent cash received in advance from customers according to the contracts for advertising service fees, advertisement production and sponsorship fees. These advances are usually refundable to the customers if the Company is unable to deliver the advertising services. Deferred revenues are recognized as income when services are provided based on the terms of the contracts.
	Foreign currency translation
	The Company and Fortune-Rich use the United States dollar ("US Dollars") for financial reporting purposes. The Company, Dalian Guo-Heng and Dalian Vastitute Group maintain their books and records in the currency of Renminbi ("RMB"), being the primary currency of the economic environment in which their operations are conducted.
	For financial reporting purposes, RMB has been translated into United States dollars ("USD") as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders' equity as "Accumulated other comprehensive income". Gains and losses resulting from foreign currency translations are included in accumulated other comprehensive income. There is no significant fluctuation in exchange rate for the conversion of RMB to USD after the balance sheet date.
	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.
	Fair Value of Financial Instruments
	The Company follows the provisions of Accounting Standards Codification ("ASC") 820, "Fair Value Measurements and Disclosures." ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:
	Level 1-Observable inputs such as unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.
	Level 2-Inputs other than quoted prices that are observable for the asset or liability in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other then quoted prices that are observable, and inputs derived from or corroborated by observable market data.
	Level 3-Inputs are unobservable inputs which reflect managements' own assumptions.
	The carrying amounts of certain financial instruments, including accounts receivable, advances to suppliers, other receivables, accounts payable, taxes payable, other payables, accrued expenses, deferred revenue and short-term borrowings approximate their fair value due the short-term nature of these items.
	Earnings (loss) per Share
	The Company computes earnings (loss) per share ("EPS') in accordance with ASC 260, "Earnings per share." ASC 260 requires companies with complex capital structures to present basic and diluted EPS. Basic EPS is measured as net income divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities and options) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS.
	Concentrations of Business and Credit Risk
	The Company maintains certain bank accounts in the PRC, which are not protected by FDIC insurance or other insurance. The Company's operations are carried out in the PRC. Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC and the general state of the PRC's economy.
	The Company's operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in the North America and Western Europe. The Company's operating results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.
	Recent Accounting Pronouncements
	In April 2014, the FASB issued ASU 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity". The amendments in the ASU change the criteria for reporting discontinued operations while enhancing disclosures in this area. The new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. The new guidance also requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. The amendments in the ASU are effective in the first quarter of annual periods beginning on or after December 15, 2014 for public companies. Early adoption is permitted. The adoption of ASU 2014-08 is not expected to have a material impact on the Company's consolidated financial statements.
	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers: Topic 606. This Update affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards. The guidance in this Update supersedes the revenue recognition requirements in Topic 605, Revenue Recognition and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to illustrate the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new guidance also includes a cohesive set of disclosure requirements that will provide users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from a reporting organization's contracts with customers. This ASU is effective retrospectively for fiscal years, and interim periods within those years beginning after December 15, 2016 for public companies and 2017 for non-public entities. Management is evaluating the effect, if any, on the Company's financial position and results of operations.

LOANS_RECEIVABLE

LOANS RECEIVABLE	12 Months Ended
	Jun. 30, 2014
Receivables [Abstract]	'
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	'
	NOTE 3 - LOANS RECEIVABLE
	The loans receivable include the following:
			June 30,2014		June 30,2013
	a)	Dalian Qianbaihe Cloth Accessories Co.	$	235,974	$	236,614
	b)	Dalian Tianjun Trade Co.		260,000		767,417
	c)	Dalian Digital Media Co.		36,594		36,693
	d)	Beijing Cross-Strait Publishing Exchange Center		48,750		48,882
	e)	Dalian Culture and Broadcasting Corp		136,500		136,870
	f)	Dalian Bomeishiji Media Corp		145,645		146,040
	g)	Shenzhen Lianchuang Jianhe Corp		365,357		545,583
	h)	Bainianchahui Corp.		523,776		232,082
	i)	Dalian Tongxing Iron and Steel Co., Ltd.		-		218,422
	j)	Dalian Yongshun Material Corp.		-		133,807
	k)	Wanjiada Commerce and Trade Co.		141,926		-
	l)	Beijing Dayang Hongye Building Decoration Engineering		121,875		-
	m)	Others		215,313		757,142
		Total loans receivable	$	2,231,710	$	3,259,552
		Doubtful accounts allowance		-1,390,143		-833,700
		Net loans receivable	$	841,567	$	2,425,882
		Net loans receivable – non current		152,276		-
		Net loans receivable - current	$	689,291	$	2,425,882
	a) The Company made $0.24 loan to Dalian Qianbaihe Cloth Accessories Co. on June 30, 2013 for six months with interest 10%. On March 5, 2014, the Company renewed the loan agreement, and pursuant to the agreement, the loan was extended for one year and is due on March 4, 2015 with the same interest rate. The loan has been reserved as part of the allowance for doubtful accounts.
	b) The Company made the following loans to Dalian Tianjun Trade Co.: (1) $0.24 million (RMB 1.5 million) for one year from January 1, 2014 to December 31, 2015 which is classified as a long term asset and has been reserved in the provision for doubtful accounts. (2) One-year term loan from November 30, 2012 to October 29, 2013 in the amount of $0.49 million (RMB 3.0 million). The Company has been repaid $0.47 million (RMB2.9 million) as of June 30, 2014. The remaining balance of $0.02 million (RMB 100,000) has been extended to October 31, 2014. (3) In August 2013, the Company made a loan of $0.03 million (RMB 210,000), which loan has been repaid.
	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 is fully reserved as part of the allowance for doubtful accounts.
	d) The Company loaned $0.05 million to Beijing Cross-Strait publishing exchange center on November 20, 2011. The loan is due on demand and bears no interest. The loan is fully reserved as part of the allowance for doubtful accounts.
	e) The Company loaned $0.14 million to Dalian Culture and broadcasting Corp in December 2012. In November, 2013, the loan was extended for one year and is due on October 31, 2014. The annual interest is 10%.
	f) The Company loaned $0.14 million to Dalian Bomeishiji Media Corp for one year with the balance due on December 31, 2014.  The annual interest is 10%.
	g) The Company loaned $0.37 million to Shenzhen Lianchuangjianhe Corp in 2013 which is due on October 29, 2014 and bears 10% annual interest.
	h) The Company made two loans to Bainianchahui Corp: (1) $0.26 million (RMB 1.57 million) for one year due on November 9. 2014; the loan is fully reserved. (2) $0.15 million (RMB 0.93million) for two years and is due on December 31, 2015. The loan has been classified as a long term receivable. Both loans bear annual interest of 10%. (3) $0.11 million (RMB 0.7 million) and are due on demand.
	i) The Company loaned $0.22 million to Dalian Tongxing Iron and Steel Co., Ltd. in 2013 which was due on June 25, 2014 and bears annual interest of 10%. The loan was repaid.
	j) The Company loaned $0.13 million to Dalian Yongshun Material Corp. in 2013 which was due on demand with no interest. The loan was repaid.
	k) The Company loaned $0.14 million to Wanjiada Commerce and Trade Co. on June 27, 2014 which is due on demand with no interest.
	l) The Company loaned $0.12 million to Beijing Dayang Hongye Building Decoration Engineering on July 10, 2013 which is due on demand with no interest.
	m) The Company has various loans of $0.22 million to other third parties as of June 30, 2014, which are due on demand and bear no interest.

MAJOR_SUPPLIERS_AND_CUSTOMERS

MAJOR SUPPLIERS AND CUSTOMERS	12 Months Ended
	Jun. 30, 2014
Risks and Uncertainties [Abstract]	'
Major Suppliers Disclosure [Text Block]	'
	NOTE 4 - MAJOR SUPPLIERS AND CUSTOMERS
	During the year ended June 30, 2014, three major suppliers provided approximately 84% of the Company's purchase of raw materials, with each supplier accounting for 37% and 33% and 14%.  During the year ended June 30, 2013, two major suppliers provided approximately 52% of the Company's purchase of raw materials, with each supplier accounting for 36% and 16%, respectively.

PROPERTY_EQUIPMENT_AND_CONSTRU

PROPERTY, EQUIPMENT AND CONSTRUCTION IN PROGRESS, NET	12 Months Ended
	Jun. 30, 2014
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:
		June 30, 2014		June 30, 2013
	Advertising equipment	$	33,088,038	$	30,614,086
	Office equipment and furniture		904,450		840,724
	Office building and Improvement		117,875		118,195
	Transportation		1,666,891		1,652,585
	Subtotal		35,777,254		33,225,590
	Less: Accumulated depreciation		-13,855,225		-11,323,309
	Construction in progress		1,603,491		1,747,569
	Total	$	23,525,520	$	23,649,850
	Depreciation expense totaled $2,534,107 and $2,496,649 for the years ended June 30, 2014 and 2013, respectively. Approximately $29.43 million worth of advertising equipment was pledged as collateral against various short term loans as of June 30, 2014.
	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	12 Months Ended
	Jun. 30, 2014
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_RIGHTS

BILLBOARDS USE RIGHTS	12 Months Ended
	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Billboards Use Right [Text Block]	'
	NOTE 7 - BILLBOARDS USE RIGHTS
	The Company makes payments for the rights 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 rights and amortized on a straight-line basis over the contract terms.
	The Company also leased a billboard use rights 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 amortized the expense on a straight-line basis over the term of the leases. For the year ended June 30,, 2014 and 2013, there were $3.46 million and $3.27 million amortization expense recorded as part of cost of revenue, respectively. This lease has expired on August 31, 2014 and was not renewed.
	Lease expense recorded in cost of sales in connection with the Time Square billboard totaled $3.46 million and $3.36 million for the years ended June 30, 2014 and 2013, respectively.
	Amortization of billboard use rights totaled $6,723,092 and $7,191,683 for the years ended June 30 2014 and 2013, respectively.
	The estimated amortization expense as of June 30, 2014 for the next five years is as follows:
	years ending June 30,
	2015	$	1,285,055
	2016		826,815
	2017		392,888
	2018		247,619
	2019		247,619
	Thereafter		330,287
		$	3,330,283
	The following is a schedule by year for future minimum payments under the billboard use right agreements at June 30, 2014:
	years ending June 30,
	2015	$	763,513
	2016		572,634
	2017		572,634
		$	1,908,781

SHORT_TERM_LOANS

SHORT TERM LOANS	12 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Short-term Debt [Text Block]	'
	NOTE 8 - SHORT TERM LOANS
	The short term loans include the following:
			30-Jun-14		30-Jun-13
	a) Loans payable to Shanghai Pudong Development Bank		$	1,950,000	$	-
	b) Loan payable to Dalian Bank Xigang Branch			-		3,258,815
	c) Loan payable to Industrial and Commercial Bank of China			292,500		293,293
	d) Loan payable to Jinzhou Bank			1,625,000		1,629,408
	e)Loan payable to Dalian Bank Shenyang Branch			975,000		651,763
	f)Loan payable to Dalian Bank Shanghai Branch			471,250		472,528
	g) Loan payable to Yingkou Bank			1,625,000		1,629,408
	h) Loan payable to China Merchant bank			-		814,704
	i) Loan payable to Guangdong Development Bank			2,437,500		2,444,111
	j) Loan payable to Dalian Bank the First Centre Branch			3,250,000		-
	k) Loan payable to Jilin Bank			1,625,000		-
	l) Loans payable to Agriculture and Commerce Bank			1,625,000		-
	m) Loans payable to various unrelated parties			-		1,384,996
	Total short term loans		$	15,876,250	$	12,579,026
	a)	Loan payable to Shanghai Pudong Development bank is a one-year term loan from June 19, 2014 to June 18, 2015  for RMB12,000,000 ($1.95 million)at a variable rate based on the interest rate set by the People's Bank of China.  The effective rate is 7.5% per year.  This loan has been guaranteed by the Company's major stockholders, Mr. Guojun Wang and Ms. Ming Ma as well as the Joint Venture Guarantee Group Co., LTD, an independent third party guarantee company.
	b)	Loan payable to Dalian Bank Xigang Branch in the amount of RMB 20,000,000 ($3.25 million) for a one-year term from December 20, 2012 to December 19, 2013,was repaid on the due date.
	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 August 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 7.2% per year. The Company pledged a real estate property owned by the Company's major stockholder. This loan was repaid on August 28, 2014.
	d)	The Company obtained a loan from Jinzhou Bank in the amount of RMB 10,000,000 ($1.63 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 $5.0 million), and also is guaranteed by the Company's major stockholders, Mr. Guojun Wang and Ms. Ming Ma.
	e)	The Company signed a loan agreement with Dalian Bank Shenyang Branch in the amount of RMB 6,000,000 ($975,000) for a term from June 19, 2013 to June 18, 2014 with a fixed interest rate of 8.1% per year, and was repaid on the due date. The Company obtained a new loan for the same amount from June 23, 2014 to June 22, 2015 with a fixed interest rate of 8.1% per year.  The loan is guaranteed by V-Media ,  and also guaranteed by the Company's major stockholders, Mr. Guojun Wang, Ms. Ming Ma, Ms. Caiqin Wang and Mr. Tao Sun.
	f)	Loan payable to Dalian Bank Shanghai Branch is in the amount of RMB 2,900,000 ($471,250) for a term from November 29, 2012 to November 27, 2013 with a fixed interest rate of 7.8% per year. On December 3, 2013, the loan was extended for one year, with a due date of December 2, 2014, with the same interest rate. This loan is guaranteed by V-Media, and is also guaranteed by the Company's major stockholders, Mr. Guojun Wang, and Ms. Ming Ma.
	g)	Loan payable to Yingkou Bank consisted of two loans. One loan in the amount of RMB 5,000,000 ($0.81 million) was from May 22, 2013 to May 21, 2014 with a fixed interest rate of 7.8% per year, and on the due date, the loan was extended for one year, with a new due date of May 21, 2015, with the same interest rate . Another loan is in the amount of RMB5, 000,000 ($0.81 million) from June 26, 2013 to June 25, 2014 with a fixed interest rate of 7.8% per year, and the loan also was extended for one year, with a new due date of May 27, 2015, and the same interest rate. 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 with a value of RMB15 million ($2.4 million) to Liaoning Baijia Financing Assurance Co., Ltd as additional collateral
	h)	Loan payable to China Merchant bank was a one-year term loan in amount of  RMB 5,000,000 ($0.81 million) from May 30, 2013 to May 30, 2014 with a fixed interest rate of 7.8% per year, and the loan was repaid on the due date.
	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 ($2.44 million) with a fixed interest rate of 7.8% per year. The loan was repaid on the due date. The Company obtained a new loan for the same amount from May 16, 2014 to May 15, 2015 with a fixed interest rate of 8.1%.  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 as additional collateral.
	j)	Loan payable to Dalian Bank the First Centre Branch is a one-year term loan from December 16, 2013 to December 15, 2014 in the amount of RMB20,000,000 ($3.25 million) with a fixed interest rate of 8.4% per year.  The Company pledged its brand trademark for the loan.
	k)	Loan payable to Jilin Bank is a one-year term loan from June 26, 2014 to June 25, 2015 in the amount of RMB10,000,000 ($1.63 million) with a fixed interest rate of 7.8% per year. This loan has been guaranteed by the Company's major stockholders, Mr. Guojun Wang and Ms. Ming Ma as well as Dalian QianbaiHe Clothing accessories  Co., LTD. The Company pledged part of its advertising equipment to Dalian QianbaiHe Clothing accessories  Co., LTD as additional collateral.
	l)	Loans payable to Agriculture and Commerce Bank are two one-year term loans, both from June 3, 2014 to June 2, 2015 in amount of RMB5,000,000 ($0.81 million each) with a fixed interest rate of 7.8% per year. The loans have been guaranteed by a third party, Dalian High and New Technology Guarantee Investment Co., and the Company's major stockholders, Ms. Ming Ma. In the guarantee contract, the Company paid approximately $40,000 (RMB 250,000) guarantee fee, and pledged part of its advertising equipment to Dalian High and New Technology Guarantee Investment Co. as additional collateral.
	m)	The Company had $1.38 million of loans from outside unrelated parities as of June 30, 2013. Which were subsequently repaid during the year ended June 30, 2014.

BANK_ACCEPTANCE_NOTES_PAYABLE

BANK ACCEPTANCE NOTES PAYABLE	12 Months Ended
	Jun. 30, 2014
Notes Payable [Abstract]	'
Notes Payable [Text Block]	'
	NOTE 9 – BANK ACCEPTANCE NOTES PAYABLE
	As of June 30, 2014 and 2013, the Company has bank acceptance notes payable in the amount of $3,575,000 and $5,214,104, respectively. The notes are guaranteed to be paid by the banks and are usually for a short-term period of time of three to six months (see Note 16). 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 June 30, 2014 and 2013, approximately $2.7 million and $2.6 million in restricted cash were associated with these notes payable, respectively.

SUBSIDY_INCOME

SUBSIDY INCOME	12 Months Ended
	Jun. 30, 2014
Component of Operating Income [Abstract]	'
Other Income and Other Expense Disclosure [Text Block]	'
	NOTE 10 – 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 subsidy of $250,686 and $430,681 for the years ended June 30, 2014 and 2013, respectively. For "Vastitute Media" being recognized as one of China's well-known trademark brands, the Company also received an award of $80,049 from the municipal government and other miscellaneous income totaling $209,660 for the year ended June 30, 2013.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 11 - RELATED PARTY TRANSACTIONS
	Amounts due to related parties are as follows:
		June 30, 2014		June 30, 2013
	Wang, Caiqin	$	146,250	$	146,157
	Ma, Ming		145,894		93,577
	Wang, Guojun		123,541		122,369
	Total	$	415,685	$	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	12 Months Ended
	Jun. 30, 2014
Stockholders Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	NOTE 12 - 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. The warrants, which were assumed by the Company upon the Merger, expired on November 23, 2013. As of June 30, 2014, all warrants were expired.
	The following is a summary of warrant activities for the years ended June 30, 2014 and 2013:
		Warrants		Weighted Average		Average Remaining		Average Intrinsic
		Outstanding		Exercise Price		Life in years		Value
	Outstanding, June 30, 2012		3,348,760		0.96		1.45		-
	Granted		-		-		-		-
	Forfeited		33,334		1.8		-		-
	Exercised		-		-		-		-
	Outstanding, June 30, 2013		3,315,426	$	0.95		0.41		-
	Granted		-		-		-		-
	Forfeited		3,315,426	$	0.95		-		-
	Exercised		-		-		-		-
	Outstanding, June 30, 2014		-	$	-		-		-

TAXES

TAXES	12 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	NOTE 13 – TAXES
	a)	Corporate Income Tax
	Significant components of the income tax provision were as follows:
			For the years ended June 30,
			2014			2013
	Current tax provision
	Federal		$	-		$	-
	State			-			-
	Foreign			125,741			458,845
				125,741			458,845
	Deferred tax expense (benefit)
	Federal			-			-
	State			-			-
	Foreign			-			416,220
				-			416,220
			$	125,741		$	875,065
	The following table reconciles the US statutory rates to the Company's effective rate for the years ended June 30, 2014 and 2013.
			2014				2013
	US statutory income tax rate			35	%			35	%
	Income not taxed in US			-35	%			-35	%
	China Income tax statutory rate			25	%			25	%
	Change in deferred tax assets valuation allowance - Holding Company			-16	%			-16	%
	Change in deferred tax assets valuation allowance - PRC entities			-24	%			-21	%
	Provision for doubtful accounts not deductible			-4	%			-5	%
	Other non-deductible item			-7	%			-1	%
	Effective rate			-4	%			-18	%
	The deferred tax expense (benefit) is the change of deferred tax assets and deferred tax liabilities resulting from the temporary difference between tax and US GAAP due to operating loss carry forward, deferred revenue and bad debt expense. The Company has several subsidiaries operating in different tax jurisdictions. The pre-tax earnings (loss) for the years ended June 30, 2014 and 2013 are summarized below:
			For the years ended June 30,
			2014			2013
	Profitable entities		$	790,989		$	1,653,832
	Loss entities			-3,971,891			-6,475,111
	Total loss before taxes		$	-3,180,902		$	-4,821,279
	Current tax expense represents the tax effect calculated on the profitable entities noted above at a statutory rate of 25%. Losses totaling $3,971,891 are attributed to entities operating in tax jurisdictions separate from the profit entities and cannot be used to offset any gains. Deferred tax benefits attributed to the loss entities were fully reserved as part of the valuation allowance.
	Tax calculation:		For the years ended June 30,
			2014				2013
	Earnings		$	790,989			$	1,653,832
	NOL applied			-790,989				-1,653,832
	Tax base			-				-
	Statutory rate			25	%			25	%
			$	-			$	-
	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 June 30, 2014. The Company had loss carry forwards for U.S. federal income tax purposes available for offset against future taxable U.S income expiring through 2034 of approximately $5,116,000 and $3,163,000 as of June 30, 2014 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 $1,739,330 and $1,075,381 as of June 30, 2014 and 2013, respectively. This valuation allowance increased $663,949 and $1,013,392 in 2014 and 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 is 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, V-Media Group and its subsidiaries of Gongcheng, Shenyang, Wangluo, 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 $3,065,281 and $4,081,411 as of June 30, 2014 and 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 year ended June 30, 2014, management concluded the realization of PRC deferred tax assets is uncertain. Deferred tax assets amounted to approximately $0.8 million and $1 million as of June 30, 2014 and 2013. The valuation allowance as of June 30, 2014 and 2013 was $0.8 million and $1 million, respectively. This valuation allowance decreased by $259,985 and increased of $1,020,353 in 2014 and 2013, respectively.
	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 $873,656 and $1,516,051 for the years ended June 30, 2014 and 2013, respectively.
	c) Taxes payable consisted of the following:
			June 30, 2014			June 30, 2013
	Business tax payable (prepaid)		$	-23,736		$	63,405
	Corporate income tax payable			243,587			222,525
	VAT payable			179,896			150,791
	Other			120,400			212,697
			$	520,147		$	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 years ended June 30, 2013 or 2014. 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 2010.
	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	12 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	NOTE 14 – EARNINGS PER SHARE
	As of June 30, 2014, 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 and becomes their effect would be anti-dilutive.

SEGMENT_INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	NOTE 15 – 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 year ended June 30, 2014
		Dalian District		Shenyang District		Beijing District		Tianjin District		Shanghai District		US Corporation		Total
	Revenue	$	14,748,040	$	882,440	$	1,182,894	$	400,847	$	104,688	$	1,770,599	$	19,089,508
	Cost of Revenue		-9,488,406		-1,183,860		-1,309,945		-199,801		-541,017		-3,527,072		-16,250,101
	Gross Profit	$	5,259,634	$	-301,420	$	-127,051	$	201,046	$	-436,329	$	-1,756,473	$	2,839,407
		For the year ended June 30, 2013
		Dalian District		Shenyang District		Beijing District		Tianjin District		Shanghai District		US Corporation		Total
	Revenue	$	16,590,164	$	1,100,599	$	2,416,329	$	440,331	$	825,793	$	450,000	$	21,823,216
	Cost of Revenue		-11,259,234		-1,124,663		-1,483,807		-151,535		-955,218		-3,272,854		-18,247,311
	Gross Profit	$	5,330,930	$	-24,064	$	932,522	$	288,796	$	-129,425	$	-2,822,854	$	3,575,905

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	NOTE 16 – SUBSEQUENT EVENTS
	In August 2014, the Company renewed RMB 18 million (approximately $2,925,000) banker acceptance notes from Dongya Bank. The notes payable are currently due in February 2015.
	On September 4, 2014, the Company singed RMB 1.8 million (approximately $292,500) short-term bank loan with Industrial and Commercial Bank of China for working capital needs. The one-year loan is due on September 3, 2015 with a floating interest rate of the prevailing one year lending rate of the People's Bank of China plus 20%, which adjustable every three months from September 4, 2014 to September 3, 2015.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2014
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 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 allowance for 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 June 30, 2014, the Company had restricted cash of $2.9 million. Restricted cash totaling $2.7 million 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 9). The Company also has a letter of credit from the Bank of China in the amount of $3.48 million. The letter of credit terms required the Company to deposit $0.2 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 Company reviews its accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, customer's historical payment history, its current credit-worthiness and current economic trends. The allowance for doubtful accounts totaled $2,557,684 and $1,824,593 as of June 30, 2014 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. We have annually recorded an allowance when there is doubt as to collectability. If facts subsequently become available to indicate that the allowance provided requires an adjustment, then the adjustment will be classified as a change in estimate. The allowance for doubtful accounts totaled $98,530 and $98,797 as of June 30, 2014 and June 30, 2013, respectively. Accounts are written off only after exhaustive collection efforts.
Property, Plant and Equipment, Policy [Policy Text Block]	'
	Property, Equipment and Construction in Progress
	Property and equipment are stated at cost less accumulated depreciation. Expenditures for maintenance and repairs are charged to earnings as incurred while additions, renewals and betterments are capitalized. When property and equipment is retired or otherwise disposed of, the related cost and  accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property, plant and equipment is provided using the straight-line method for substantially all assets with estimated lives as follows:
		Estimated	Residual
		Useful Life	value
	Building	15 years	5	%
	Improvement of the building	5 years	0	%
	Advertising equipment	4-15 years	5	%
	Transportation	7 years	5	%
	Office equipment and furniture	5 years	5	%
	Construction in progress represents direct costs of construction or acquisition and design fees incurred. Capitalization of these costs ceases and the construction in progress is transferred to plant and equipment when substantially all the activities necessary to prepare the assets for their intended use are completed. No depreciation is provided until it is completed and ready for intended use.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	'
	Impairment of long-lived assets
	Long-lived assets, which include property, plant and equipment, billboard use right and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the assets. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the assets. Fair value is generally determined using the asset's expected future discounted cash flows or market value, if readily determinable. No impairment loss has been recorded for the years ended June 30, 2014 and 2013.
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.
	Deferred revenues represent cash received in advance from customers according to the contracts for advertising service fees, advertisement production and sponsorship fees. These advances are usually refundable to the customers if the Company is unable to deliver the advertising services. Deferred revenues are recognized as income when services are provided based on the terms of the contracts.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	'
	Foreign currency translation
	The Company and Fortune-Rich use the United States dollar ("US Dollars") for financial reporting purposes. The Company, Dalian Guo-Heng and Dalian Vastitute Group maintain their books and records in the currency of Renminbi ("RMB"), being the primary currency of the economic environment in which their operations are conducted.
	For financial reporting purposes, RMB has been translated into United States dollars ("USD") as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders' equity as "Accumulated other comprehensive income". Gains and losses resulting from foreign currency translations are included in accumulated other comprehensive income. There is no significant fluctuation in exchange rate for the conversion of RMB to USD after the balance sheet date.
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.
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	Fair Value of Financial Instruments
	The Company follows the provisions of Accounting Standards Codification ("ASC") 820, "Fair Value Measurements and Disclosures." ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:
	Level 1-Observable inputs such as unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.
	Level 2-Inputs other than quoted prices that are observable for the asset or liability in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other then quoted prices that are observable, and inputs derived from or corroborated by observable market data.
	Level 3-Inputs are unobservable inputs which reflect managements' own assumptions.
	The carrying amounts of certain financial instruments, including accounts receivable, advances to suppliers, other receivables, accounts payable, taxes payable, other payables, accrued expenses, deferred revenue and short-term borrowings approximate their fair value due the short-term nature of these items.
Earnings Per Share, Policy [Policy Text Block]	'
	Earnings (loss) per Share
	The Company computes earnings (loss) per share ("EPS') in accordance with ASC 260, "Earnings per share." ASC 260 requires companies with complex capital structures to present basic and diluted EPS. Basic EPS is measured as net income divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities and options) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	'
	Concentrations of Business and Credit Risk
	The Company maintains certain bank accounts in the PRC, which are not protected by FDIC insurance or other insurance. The Company's operations are carried out in the PRC. Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC and the general state of the PRC's economy.
	The Company's operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in the North America and Western Europe. The Company's operating results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.
New Accounting Pronouncements Policy [Policy Text Block]	'
	Recent Accounting Pronouncements
	In April 2014, the FASB issued ASU 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity". The amendments in the ASU change the criteria for reporting discontinued operations while enhancing disclosures in this area. The new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. The new guidance also requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. The amendments in the ASU are effective in the first quarter of annual periods beginning on or after December 15, 2014 for public companies. Early adoption is permitted. The adoption of ASU 2014-08 is not expected to have a material impact on the Company's consolidated financial statements.
	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers: Topic 606. This Update affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards. The guidance in this Update supersedes the revenue recognition requirements in Topic 605, Revenue Recognition and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to illustrate the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new guidance also includes a cohesive set of disclosure requirements that will provide users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from a reporting organization's contracts with customers. This ASU is effective retrospectively for fiscal years, and interim periods within those years beginning after December 15, 2016 for public companies and 2017 for non-public entities. Management is evaluating the effect, if any, on the Company's financial position and results of operations.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Property, Plant and Equipment, Schedule of Significant Acquisitions and Disposals [Table Text Block]	'
	Depreciation of property, plant and equipment is provided using the straight-line method for substantially all assets with estimated lives as follows:
		Estimated	Residual
		Useful Life	value
	Building	15 years	5	%
	Improvement of the building	5 years	0	%
	Advertising equipment	4-15 years	5	%
	Transportation	7 years	5	%
	Office equipment and furniture	5 years	5	%

LOANS_RECEIVABLE_Tables

LOANS RECEIVABLE (Tables)	12 Months Ended
	Jun. 30, 2014
Receivables [Abstract]	'
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	'
	The loans receivable include the following:
			June 30,2014		June 30,2013
	a)	Dalian Qianbaihe Cloth Accessories Co.	$	235,974	$	236,614
	b)	Dalian Tianjun Trade Co.		260,000		767,417
	c)	Dalian Digital Media Co.		36,594		36,693
	d)	Beijing Cross-Strait Publishing Exchange Center		48,750		48,882
	e)	Dalian Culture and Broadcasting Corp		136,500		136,870
	f)	Dalian Bomeishiji Media Corp		145,645		146,040
	g)	Shenzhen Lianchuang Jianhe Corp		365,357		545,583
	h)	Bainianchahui Corp.		523,776		232,082
	i)	Dalian Tongxing Iron and Steel Co., Ltd.		-		218,422
	j)	Dalian Yongshun Material Corp.		-		133,807
	k)	Wanjiada Commerce and Trade Co.		141,926		-
	l)	Beijing Dayang Hongye Building Decoration Engineering		121,875		-
	m)	Others		215,313		757,142
		Total loans receivable	$	2,231,710	$	3,259,552
		Doubtful accounts allowance		-1,390,143		-833,700
		Net loans receivable	$	841,567	$	2,425,882
		Net loans receivable – non current		152,276		-
		Net loans receivable - current	$	689,291	$	2,425,882
	a) The Company made $0.24 loan to Dalian Qianbaihe Cloth Accessories Co. on June 30, 2013 for six months with interest 10%. On March 5, 2014, the Company renewed the loan agreement, and pursuant to the agreement, the loan was extended for one year and is due on March 4, 2015 with the same interest rate. The loan has been reserved as part of the allowance for doubtful accounts.
	b) The Company made the following loans to Dalian Tianjun Trade Co.: (1) $0.24 million (RMB 1.5 million) for one year from January 1, 2014 to December 31, 2015 which is classified as a long term asset and has been reserved in the provision for doubtful accounts. (2) One-year term loan from November 30, 2012 to October 29, 2013 in the amount of $0.49 million (RMB 3.0 million). The Company has been repaid $0.47 million (RMB2.9 million) as of June 30, 2014. The remaining balance of $0.02 million (RMB 100,000) has been extended to October 31, 2014. (3) In August 2013, the Company made a loan of $0.03 million (RMB 210,000), which loan has been repaid.
	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 is fully reserved as part of the allowance for doubtful accounts.
	d) The Company loaned $0.05 million to Beijing Cross-Strait publishing exchange center on November 20, 2011. The loan is due on demand and bears no interest. The loan is fully reserved as part of the allowance for doubtful accounts.
	e) The Company loaned $0.14 million to Dalian Culture and broadcasting Corp in December 2012. In November, 2013, the loan was extended for one year and is due on October 31, 2014. The annual interest is 10%.
	f) The Company loaned $0.14 million to Dalian Bomeishiji Media Corp for one year with the balance due on December 31, 2014.  The annual interest is 10%.
	g) The Company loaned $0.37 million to Shenzhen Lianchuangjianhe Corp in 2013 which is due on October 29, 2014 and bears 10% annual interest.
	h) The Company made two loans to Bainianchahui Corp: (1) $0.26 million (RMB 1.57 million) for one year due on November 9. 2014; the loan is fully reserved. (2) $0.15 million (RMB 0.93million) for two years and is due on December 31, 2015. The loan has been classified as a long term receivable. Both loans bear annual interest of 10%. (3) $0.11 million (RMB 0.7 million) and are due on demand.
	i) The Company loaned $0.22 million to Dalian Tongxing Iron and Steel Co., Ltd. in 2013 which was due on June 25, 2014 and bears annual interest of 10%. The loan was repaid.
	j) The Company loaned $0.13 million to Dalian Yongshun Material Corp. in 2013 which was due on demand with no interest. The loan was repaid.
	k) The Company loaned $0.14 million to Wanjiada Commerce and Trade Co. on June 27, 2014 which is due on demand with no interest.
	l) The Company loaned $0.12 million to Beijing Dayang Hongye Building Decoration Engineering on July 10, 2013 which is due on demand with no interest.
	m) The Company has various loans of $0.22 million to other third parties as of June 30, 2014, which are due on demand and bear no interest.

PROPERTY_EQUIPMENT_AND_CONSTRU1

PROPERTY, EQUIPMENT AND CONSTRUCTION IN PROGRESS, NET (Tables)	12 Months Ended
	Jun. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
	Property, equipment and construction in progress consist of the following:
		June 30, 2014		June 30, 2013
	Advertising equipment	$	33,088,038	$	30,614,086
	Office equipment and furniture		904,450		840,724
	Office building and Improvement		117,875		118,195
	Transportation		1,666,891		1,652,585
	Subtotal		35,777,254		33,225,590
	Less: Accumulated depreciation		-13,855,225		-11,323,309
	Construction in progress		1,603,491		1,747,569
	Total	$	23,525,520	$	23,649,850

BILLBOARDS_USE_RIGHTS_Tables

BILLBOARDS USE RIGHTS (Tables) (Use Rights [Member])	12 Months Ended
	Jun. 30, 2014
Use Rights [Member]	'
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	'
	The estimated amortization expense as of June 30, 2014 for the next five years is as follows:
	years ending June 30,
	2015	$	1,285,055
	2016		826,815
	2017		392,888
	2018		247,619
	2019		247,619
	Thereafter		330,287
		$	3,330,283
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	'
	The following is a schedule by year for future minimum payments under the billboard use right agreements at June 30, 2014:
	years ending June 30,
	2015	$	763,513
	2016		572,634
	2017		572,634
		$	1,908,781

SHORT_TERM_LOANS_Tables

SHORT TERM LOANS (Tables)	12 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Short-term Debt [Table Text Block]	'
	The short term loans include the following:
			30-Jun-14		30-Jun-13
	a) Loans payable to Shanghai Pudong Development Bank		$	1,950,000	$	-
	b) Loan payable to Dalian Bank Xigang Branch			-		3,258,815
	c) Loan payable to Industrial and Commercial Bank of China			292,500		293,293
	d) Loan payable to Jinzhou Bank			1,625,000		1,629,408
	e)Loan payable to Dalian Bank Shenyang Branch			975,000		651,763
	f)Loan payable to Dalian Bank Shanghai Branch			471,250		472,528
	g) Loan payable to Yingkou Bank			1,625,000		1,629,408
	h) Loan payable to China Merchant bank			-		814,704
	i) Loan payable to Guangdong Development Bank			2,437,500		2,444,111
	j) Loan payable to Dalian Bank the First Centre Branch			3,250,000		-
	k) Loan payable to Jilin Bank			1,625,000		-
	l) Loans payable to Agriculture and Commerce Bank			1,625,000		-
	m) Loans payable to various unrelated parties			-		1,384,996
	Total short term loans		$	15,876,250	$	12,579,026
	a)	Loan payable to Shanghai Pudong Development bank is a one-year term loan from June 19, 2014 to June 18, 2015  for RMB12,000,000 ($1.95 million)at a variable rate based on the interest rate set by the People's Bank of China.  The effective rate is 7.5% per year.  This loan has been guaranteed by the Company's major stockholders, Mr. Guojun Wang and Ms. Ming Ma as well as the Joint Venture Guarantee Group Co., LTD, an independent third party guarantee company.
	b)	Loan payable to Dalian Bank Xigang Branch in the amount of RMB 20,000,000 ($3.25 million) for a one-year term from December 20, 2012 to December 19, 2013,was repaid on the due date.
	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 August 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 7.2% per year. The Company pledged a real estate property owned by the Company's major stockholder. This loan was repaid on August 28, 2014.
	d)	The Company obtained a loan from Jinzhou Bank in the amount of RMB 10,000,000 ($1.63 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 $5.0 million), and also is guaranteed by the Company's major stockholders, Mr. Guojun Wang and Ms. Ming Ma.
	e)	The Company signed a loan agreement with Dalian Bank Shenyang Branch in the amount of RMB 6,000,000 ($975,000) for a term from June 19, 2013 to June 18, 2014 with a fixed interest rate of 8.1% per year, and was repaid on the due date. The Company obtained a new loan for the same amount from June 23, 2014 to June 22, 2015 with a fixed interest rate of 8.1% per year.  The loan is guaranteed by V-Media ,  and also guaranteed by the Company's major stockholders, Mr. Guojun Wang, Ms. Ming Ma, Ms. Caiqin Wang and Mr. Tao Sun.
	f)	Loan payable to Dalian Bank Shanghai Branch is in the amount of RMB 2,900,000 ($471,250) for a term from November 29, 2012 to November 27, 2013 with a fixed interest rate of 7.8% per year. On December 3, 2013, the loan was extended for one year, with a due date of December 2, 2014, with the same interest rate. This loan is guaranteed by V-Media, and is also guaranteed by the Company's major stockholders, Mr. Guojun Wang, and Ms. Ming Ma.
	g)	Loan payable to Yingkou Bank consisted of two loans. One loan in the amount of RMB 5,000,000 ($0.81 million) was from May 22, 2013 to May 21, 2014 with a fixed interest rate of 7.8% per year, and on the due date, the loan was extended for one year, with a new due date of May 21, 2015, with the same interest rate . Another loan is in the amount of RMB5, 000,000 ($0.81 million) from June 26, 2013 to June 25, 2014 with a fixed interest rate of 7.8% per year, and the loan also was extended for one year, with a new due date of May 27, 2015, and the same interest rate. 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 with a value of RMB15 million ($2.4 million) to Liaoning Baijia Financing Assurance Co., Ltd as additional collateral
	h)	Loan payable to China Merchant bank was a one-year term loan in amount of  RMB 5,000,000 ($0.81 million) from May 30, 2013 to May 30, 2014 with a fixed interest rate of 7.8% per year, and the loan was repaid on the due date.
	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 ($2.44 million) with a fixed interest rate of 7.8% per year. The loan was repaid on the due date. The Company obtained a new loan for the same amount from May 16, 2014 to May 15, 2015 with a fixed interest rate of 8.1%.  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 as additional collateral.
	j)	Loan payable to Dalian Bank the First Centre Branch is a one-year term loan from December 16, 2013 to December 15, 2014 in the amount of RMB20,000,000 ($3.25 million) with a fixed interest rate of 8.4% per year.  The Company pledged its brand trademark for the loan.
	k)	Loan payable to Jilin Bank is a one-year term loan from June 26, 2014 to June 25, 2015 in the amount of RMB10,000,000 ($1.63 million) with a fixed interest rate of 7.8% per year. This loan has been guaranteed by the Company's major stockholders, Mr. Guojun Wang and Ms. Ming Ma as well as Dalian QianbaiHe Clothing accessories  Co., LTD. The Company pledged part of its advertising equipment to Dalian QianbaiHe Clothing accessories  Co., LTD as additional collateral.
	l)	Loans payable to Agriculture and Commerce Bank are two one-year term loans, both from June 3, 2014 to June 2, 2015 in amount of RMB5,000,000 ($0.81 million each) with a fixed interest rate of 7.8% per year. The loans have been guaranteed by a third party, Dalian High and New Technology Guarantee Investment Co., and the Company's major stockholders, Ms. Ming Ma. In the guarantee contract, the Company paid approximately $40,000 (RMB 250,000) guarantee fee, and pledged part of its advertising equipment to Dalian High and New Technology Guarantee Investment Co. as additional collateral.
	m)	The Company had $1.38 million of loans from outside unrelated parities as of June 30, 2013. Which were subsequently repaid during the year ended June 30, 2014.

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Schedule Of Related Party Transactions, By Related Party [Table Text Block]	'
	Amounts due to related parties are as follows:
		June 30, 2014		June 30, 2013
	Wang, Caiqin	$	146,250	$	146,157
	Ma, Ming		145,894		93,577
	Wang, Guojun		123,541		122,369
	Total	$	415,685	$	362,103

WARRANTS_Tables

WARRANTS (Tables)	12 Months Ended
	Jun. 30, 2014
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 years ended June 30, 2014 and 2013:
		Warrants		Weighted Average		Average Remaining		Average Intrinsic
		Outstanding		Exercise Price		Life in years		Value
	Outstanding, June 30, 2012		3,348,760		0.96		1.45		-
	Granted		-		-		-		-
	Forfeited		33,334		1.8		-		-
	Exercised		-		-		-		-
	Outstanding, June 30, 2013		3,315,426	$	0.95		0.41		-
	Granted		-		-		-		-
	Forfeited		3,315,426	$	0.95		-		-
	Exercised		-		-		-		-
	Outstanding, June 30, 2014		-	$	-		-		-

TAXES_Tables

TAXES (Tables)	12 Months Ended
	Jun. 30, 2014
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 years ended June 30,
		2014			2013
	Current tax provision
	Federal	$	-		$	-
	State		-			-
	Foreign		125,741			458,845
			125,741			458,845
	Deferred tax expense (benefit)
	Federal		-			-
	State		-			-
	Foreign		-			416,220
			-			416,220
		$	125,741		$	875,065
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	'
	The following table reconciles the US statutory rates to the Company's effective rate for the years ended June 30, 2014 and 2013.
		2014				2013
	US statutory income tax rate		35	%			35	%
	Income not taxed in US		-35	%			-35	%
	China Income tax statutory rate		25	%			25	%
	Change in deferred tax assets valuation allowance - Holding Company		-16	%			-16	%
	Change in deferred tax assets valuation allowance - PRC entities		-24	%			-21	%
	Provision for doubtful accounts not deductible		-4	%			-5	%
	Other non-deductible item		-7	%			-1	%
	Effective rate		-4	%			-18	%
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	'
	The pre-tax earnings (loss) for the years ended June 30, 2014 and 2013 are summarized below:
		For the years ended June 30,
		2014			2013
	Profitable entities	$	790,989		$	1,653,832
	Loss entities		-3,971,891			-6,475,111
	Total loss before taxes	$	-3,180,902		$	-4,821,279
Schedule of Tax Calculation [Table Text Block]	'
	Tax calculation:	For the years ended June 30,
		2014				2013
	Earnings	$	790,989			$	1,653,832
	NOL applied		-790,989				-1,653,832
	Tax base		-				-
	Statutory rate		25	%			25	%
		$	-			$	-
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	'
	Taxes payable consisted of the following:
		June 30, 2014			June 30, 2013
	Business tax payable (prepaid)	$	-23,736		$	63,405
	Corporate income tax payable		243,587			222,525
	VAT payable		179,896			150,791
	Other		120,400			212,697
		$	520,147		$	649,418

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	12 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
		For the year ended June 30, 2014
		Dalian District		Shenyang District		Beijing District		Tianjin District		Shanghai District		US Corporation		Total
	Revenue	$	14,748,040	$	882,440	$	1,182,894	$	400,847	$	104,688	$	1,770,599	$	19,089,508
	Cost of Revenue		-9,488,406		-1,183,860		-1,309,945		-199,801		-541,017		-3,527,072		-16,250,101
	Gross Profit	$	5,259,634	$	-301,420	$	-127,051	$	201,046	$	-436,329	$	-1,756,473	$	2,839,407
		For the year ended June 30, 2013
		Dalian District		Shenyang District		Beijing District		Tianjin District		Shanghai District		US Corporation		Total
	Revenue	$	16,590,164	$	1,100,599	$	2,416,329	$	440,331	$	825,793	$	450,000	$	21,823,216
	Cost of Revenue		-11,259,234		-1,124,663		-1,483,807		-151,535		-955,218		-3,272,854		-18,247,311
	Gross Profit	$	5,330,930	$	-24,064	$	932,522	$	288,796	$	-129,425	$	-2,822,854	$	3,575,905

ORGANIZATION_BASIS_OF_PRESENTA1

ORGANIZATION, BASIS OF PRESENTATION AND LIQUIDITY (Details Textual)	12 Months Ended		12 Months Ended			1 Months Ended
	Jun. 30, 2014	Dec. 08, 2009	Jun. 30, 2014	Jul. 25, 2012	Jul. 25, 2012	Sep. 04, 2014	Sep. 04, 2014
	USD ($)	Fortune Rich [Member]	Bank of Asia [Member]	Bank of Asia [Member]	Bank of Asia [Member]	Industrial And Commercial Bank of China,Short-Term Bank Loan [Member]	Industrial And Commercial Bank of China,Short-Term Bank Loan [Member]
		Dalian Guo-Heng Management & Consultation Co., Ltd [Member]	Revolving Note Payable [Member]	Revolving Note Payable [Member]	Revolving Note Payable [Member]	Subsequent Event [Member]	Subsequent Event [Member]
				USD ($)	CNY	USD ($)	CNY
Organization, Basis Of Presentation And Liquidity [Line Items]	'	'	'	'	'	'	'
Long-term Line of Credit	'	'	'	$3,600,000	22,000,000	'	'
Line of Credit Facility, Initiation Date	'	'	25-Jul-12	'	'	'	'
Line of Credit Facility, Expiration Date	'	'	25-Jul-20	'	'	'	'
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	10.00%	100.00%	'	'	'	'	'
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	10	'	'	'	'	'	'
Business Acquisition Exchange Of Preferred Shares	1,000,000	'	'	'	'	'	'
Conversion of Stock, Shares Converted	26,398,634	'	'	'	'	'	'
Business Acquisition Equity Interest Issued Or Issuable Ownership Percentage By Noncontrolling Owners	96.00%	'	'	'	'	'	'
Notional Savings on Lease Payments	3,000,000	'	'	'	'	'	'
Notional Savings on Loss	1,800,000	'	'	'	'	'	'
Debt Instrument, Face Amount	'	'	'	'	'	$292,500	1,800,000
Debt Instrument, Term	'	'	'	'	'	'1 year	'1 year
Debt Instrument, Maturity Date	'	'	'	'	'	3-Sep-15	3-Sep-15

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Jun. 30, 2014
Building [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'15 years
Property, Plant and Equipment, Salvage Value, Percentage	5.00%
Building Improvements [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'5 years
Property, Plant and Equipment, Salvage Value, Percentage	0.00%
Advertising Equipment [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Salvage Value, Percentage	5.00%
Advertising Equipment [Member] | Maximum [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'15 years
Advertising Equipment [Member] | Minimum [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'4 years
Transportation Equipment [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'7 years
Property, Plant and Equipment, Salvage Value, Percentage	5.00%
Office Equipment and Furniture [Member]	'
Property, Plant and Equipment [Line Items]	'
Property, Plant and Equipment, Useful Life	'5 years
Property, Plant and Equipment, Salvage Value, Percentage	5.00%

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
			Bank Of China [Member]	Notes Payable [Member]	Notes Payable [Member]	Minimum [Member]
						Notes Payable [Member]
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Restricted cash	$2,882,750	$3,322,299	'	$2,700,000	$2,600,000	'
Line of Credit Facility, Amount Outstanding	'	'	3,480,000	'	'	'
Deposits	200,000	'	'	'	'	'
Percentage Of Cash Balance To Be Maintained From Notes Payable As Collateral	'	'	'	'	'	50.00%
Allowance for Uncollectible Customers Liability for Acceptances	2,557,684	1,824,593	'	'	'	'
Allowance For Uncollectible Advances On Inventory Purchases	$98,530	$98,797	'	'	'	'

LOANS_RECEIVABLE_Details

LOANS RECEIVABLE (Details) (USD $)

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2013

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dalian Qianbaihe Cloth Accessories Co. [Member]

Dalian Qianbaihe Cloth Accessories Co. [Member]

Dalian Tianjun Trade Co. [Member]

Dalian Tianjun Trade Co. [Member]

Dalian Digital Media Co. [Member]

Dalian Digital Media Co. [Member]

Dalian Digital Media Co. [Member]

Beijing Cross-Strait Publishing Exchange Center [Member]

Beijing Cross-Strait Publishing Exchange Center [Member]

Beijing Cross-Strait Publishing Exchange Center [Member]

Dalian Culture and Broadcasting Corp [Member]

Dalian Culture and Broadcasting Corp [Member]

Dalian Bomeishiji Media Corp [Member]

Dalian Bomeishiji Media Corp [Member]

Shenzhen Lianchuang Jianhe Corp [Member]

Shenzhen Lianchuang Jianhe Corp [Member]

Bainianchahui Corp. [Member]

Bainianchahui Corp. [Member]

Dalian Tongxing Iron and Steel Co., Ltd. [Member]

Dalian Tongxing Iron and Steel Co., Ltd. [Member]

Dalian Tongxing Iron and Steel Co., Ltd. [Member]

Dalian Yongshun Material Corp. [Member]

Dalian Yongshun Material Corp. [Member]

Dalian Yongshun Material Corp. [Member]

Wanjiada Commerce and Trade Co. [Member]

Wanjiada Commerce and Trade Co. [Member]

Beijing Dayang Hongye Building Decoration Engineering [Member]

Beijing Dayang Hongye Building Decoration Engineering [Member]

Others [Member]

Others [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total loans receivable

$2,231,710

$3,259,552

$235,974

[1]

$236,614

[1]

$260,000

[2]

$767,417

[2]

$36,594

[3]

$36,693

[3]

'

$48,750

[4]

$48,882

[4]

'

$136,500

[5]

$136,870

[5]

$145,645

[6]

$146,040

[6]

$365,357

[7]

$545,583

[7]

$523,776

[8]

$232,082

[8]

$0

[9]

'

$218,422

[9]

$0

[10]

'

$133,807

[10]

$141,926

[11]

$0

[11]

$121,875

[12]

$0

[12]

$215,313

[13]

$757,142

[13]

Doubtful accounts allowance

-1,390,143

-833,700

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loans receivable, net

841,567

2,425,882

'

240,000

'

'

'

'

40,000

'

'

50,000

'

140,000

140,000

'

'

370,000

'

'

'

220,000

'

'

130,000

'

140,000

'

120,000

'

220,000

'

Net loans receivable - non current

152,276

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loans receivable, net

$689,291

$2,425,882

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

The Company made $0.24 loan to Dalian Qianbaihe Cloth Accessories Co. on June 30, 2013 for six months with interest 10%. On March 5, 2014, the Company renewed the loan agreement, and pursuant to the agreement, the loan was extended for one year and is due on March 4, 2015 with the same interest rate. The loan has been reserved as part of the allowance for doubtful accounts.

[2]

The Company made the following loans to Dalian Tianjun Trade Co.: (1) $0.24 million (RMB 1.5 million) for one year from January 1, 2014 to December 31, 2015 which is classified as a long term asset and has been reserved in the provision for doubtful accounts. (2) One-year term loan from November 30, 2012 to October 29, 2013 in the amount of $0.49 million (RMB 3.0 million). The Company has been repaid $0.47 million (RMB2.9 million) as of June 30, 2014. The remaining balance of $0.02 million (RMB 100,000) has been extended to October 31, 2014. (3) In August 2013, the Company made a loan of $0.03 million (RMB 210,000), which loan has been repaid.

[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 is fully reserved as part of the allowance for doubtful accounts.

[4]

The Company loaned $0.05 million to Beijing Cross-Strait publishing exchange center on November 20, 2011. The loan is due on demand and bears no interest. The loan is fully reserved as part of the allowance for doubtful accounts.

[5]

The Company loaned $0.14 million to Dalian Culture and broadcasting Corp in December 2012. In November, 2013, the loan was extended for one year and is due on October 31, 2014. The annual interest is 10%.

[6]

The Company loaned $0.14 million to Dalian Bomeishiji Media Corp for one year with the balance due on December 31, 2014. The annual interest is 10%.

[7]

The Company loaned $0.37 million to Shenzhen Lianchuangjianhe Corp in 2013 which is due on October 29, 2014 and bears 10% annual interest.

[8]

The Company made two loans to Bainianchahui Corp: (1) $0.26 million (RMB 1.57 million) for one year due on November 9. 2014; the loan is fully reserved. (2) $0.15 million (RMB 0.93million) for two years and is due on December 31, 2015. The loan has been classified as a long term receivable. Both loans bear annual interest of 10%. (3) $0.11 million (RMB 0.7 million) and are due on demand.

[9]

The Company loaned $0.22 million to Dalian Tongxing Iron and Steel Co., Ltd. in 2013 which was due on June 25, 2014 and bears annual interest of 10%. The loan was repaid.

[10]

The Company loaned $0.13 million to Dalian Yongshun Material Corp. in 2013 which was due on demand with no interest. The loan was repaid.

[11]

The Company loaned $0.14 million to Wanjiada Commerce and Trade Co. on June 27, 2014 which is due on demand with no interest.

[12]

The Company loaned $0.12 million to Beijing Dayang Hongye Building Decoration Engineering on July 10, 2013 which is due on demand with no interest.

[13]

The Company has various loans of $0.22 million to other third parties as of June 30, 2014, which are due on demand and bear no interest.

LOANS_RECEIVABLE_Details_Textu

LOANS RECEIVABLE (Details Textual)

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2012

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Mar. 31, 2014

Mar. 31, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Nov. 30, 2012

Nov. 30, 2012

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

USD ($)

USD ($)

Dalian Qianbaihe Cloth Accessories Co [Member]

Dalian Digital Media Co [Member]

Beijing Cross Strait Publishing Exchange Center [Member]

Dalian Culture and Broadcasting Corp [Member]

Dalian Bomeishiji Media Corp [Member]

Shenzhen Lianchuang Jianhe Corp [Member]

Dalian Tongxing iron and steel Co [Member]

Dalian Yongshun Material Corp [Member]

Wanjiada Commerce and Trade Co [Member]

Beijing Dayang Hongye Building Decoration Engineering [Member]

Others [Member]

Loans Receivable One [Member]

Loans Receivable One [Member]

Loans Receivable One [Member]

Loans Receivable One [Member]

Loans Receivable Two [Member]

Loans Receivable Two [Member]

Loans Receivable Two [Member]

Loans Receivable Two [Member]

Loans Receivable Two [Member]

Loans Receivable Two [Member]

Loans Receivable Three [Member]

Loans Receivable Three [Member]

Loans Receivable Three [Member]

Loans Receivable Three [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Dalian Tianjun Trade Co [Member]

Dalian Tianjun Trade Co [Member]

Bainianchahui Corp [Member]

Bainianchahui Corp [Member]

Dalian Tianjun Trade Co [Member]

Dalian Tianjun Trade Co [Member]

Dalian Tianjun Trade Co [Member]

Dalian Tianjun Trade Co [Member]

Bainianchahui Corp [Member]

Bainianchahui Corp [Member]

Dalian Tianjun Trade Co [Member]

Dalian Tianjun Trade Co [Member]

Bainianchahui Corp [Member]

Bainianchahui Corp [Member]

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

Accounts, Notes, Loans and Financing Receivable [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total loans receivable

$841,567

$2,425,882

$240,000

$40,000

$50,000

$140,000

$140,000

$370,000

$220,000

$130,000

$140,000

$120,000

$220,000

$240,000

1,500,000

$260,000

1,570,000

$20,000

100,000

$490,000

3,000,000

$150,000

930,000

'

'

$110,000

700,000

Loans Receivable Issuance Date

'

'

'

'

'

'

'

'

'

'

'

'

'

1-Jan-14

1-Jan-14

'

'

30-Nov-12

30-Nov-12

'

'

'

'

'

'

'

'

Loans Receivable Maturity Date

'

'

4-Mar-15

'

'

31-Oct-14

31-Dec-14

29-Oct-14

25-Jun-14

'

'

'

'

31-Dec-15

31-Dec-15

9-Nov-14

9-Nov-14

31-Oct-14

31-Oct-14

'

'

31-Dec-15

31-Dec-15

'

'

'

'

Loans Receivable Term Of Loan

'

'

'

'

'

'one year

'one year

'

'

'

'

'

'

'one year

'one year

'one year

'one year

'one year

'one year

'

'

'two years

'two years

'

'

'

'

Loans Receivable Interest Rate

'

'

10.00%

'

'

10.00%

10.00%

10.00%

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

10.00%

'

'

'

'

Proceeds from Collection of Loans Receivable

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$470,000

2,900,000

'

'

'

'

$30,000

210,000

'

'

MAJOR_SUPPLIERS_AND_CUSTOMERS_

MAJOR SUPPLIERS AND CUSTOMERS (Details Textual) (Supplier Concentration Risk [Member], Cost of Goods, Total [Member])	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Concentration Risk [Line Items]	'	'
Concentration Risk, Percentage	84.00%	52.00%
Supplier One [Member]	'	'
Concentration Risk [Line Items]	'	'
Concentration Risk, Percentage	37.00%	36.00%
Supplier Two [Member]	'	'
Concentration Risk [Line Items]	'	'
Concentration Risk, Percentage	33.00%	16.00%
Supplier Three [Member]	'	'
Concentration Risk [Line Items]	'	'
Concentration Risk, Percentage	14.00%	'

PROPERTY_EQUIPMENT_AND_CONSTRU2

PROPERTY, EQUIPMENT AND CONSTRUCTION IN PROGRESS, NET (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Property, Plant and Equipment [Line Items]	'	'
Advertising equipment	$33,088,038	$30,614,086
Office equipment and furniture	904,450	840,724
Office building and Improvement	117,875	118,195
Transportation	1,666,891	1,652,585
Subtotal	35,777,254	33,225,590
Less: Accumulated depreciation	-13,855,225	-11,323,309
Construction in progress	1,603,491	1,747,569
Total	$23,525,520	$23,649,850

PROPERTY_EQUIPMENT_AND_CONSTRU3

PROPERTY, EQUIPMENT AND CONSTRUCTION IN PROGRESS, NET (Details Textual) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Property, Plant and Equipment [Line Items]	'	'
Depreciation	$2,534,107	$2,494,683
Pledged Assets Separately Reported, Loans Pledged as Collateral, at Fair Value	$29,430,000	'

BILLBOARDS_USE_RIGHTS_Details

BILLBOARDS USE RIGHTS (Details) (Use Rights [Member], USD $)	Jun. 30, 2014
Use Rights [Member]	'
12 months ending June 30,	'
2015	$1,285,055
2016	826,815
2017	392,888
2018	247,619
2019	247,619
Thereafter	330,287
Finite-Lived Intangible Assets, Future Amortization Expense	$3,330,283

BILLBOARDS_USE_RIGHTS_Details_

BILLBOARDS USE RIGHTS (Details 1) (Use Rights [Member], USD $)	Jun. 30, 2014
Use Rights [Member]	'
12 months ending June 30,	'
2015	$763,513
2016	572,634
2017	572,634
Finite Lived Intangible Assets Future Minimum Payments Due	$1,908,781

BILLBOARDS_USE_RIGHTS_Details_1

BILLBOARDS USE RIGHTS (Details Textual) (Use Rights [Member], USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Capital Leased Assets [Line Items]	'	'
Finite-Lived Intangible Assets, Amortization Method	'straight-line basis	'
Finite-Lived Intangible Assets, Amortization Expense	$6,723,092	$7,191,683
Lease Agreement Term	'12 months	'
Lease Agreement Date	1-Mar-12	'
Operating Leases, Rent Expense	840,000	'
Operating Leases, Rent Expense, Minimum Rentals	870,000	'
Cost of Goods Sold, Depreciation, Depletion and Amortization	3,460,000	3,270,000
Cost of Sales [Member]	'	'
Capital Leased Assets [Line Items]	'	'
Operating Leases, Rent Expense	$3,460,000	$3,360,000

SHORT_TERM_LOANS_Details

SHORT TERM LOANS (Details)

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

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,Short-Term Bank Loan [Member]

Industrial And Commercial Bank of China,Short-Term Bank Loan [Member]

Jinzhou Bank [Member]

Jinzhou Bank [Member]

Jilin Bank [Member]

Jilin Bank [Member]

Jilin Bank [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]

Yingkou Bank [Member]

Yingkou Bank [Member]

China Merchant Bank [Member]

China Merchant Bank [Member]

China Merchant Bank [Member]

Guangdong Development Bank [Member]

Guangdong Development Bank [Member]

Dalian Bank the First Centre Branch [Member]

Dalian Bank the First Centre Branch [Member]

Dalian Bank the First Centre Branch [Member]

Agriculture and Commerce Bank [Member]

Agriculture and Commerce Bank [Member]

Agriculture and Commerce Bank [Member]

various unrelated parties [Member]

various unrelated parties [Member]

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

CNY

USD ($)

USD ($)

USD ($)

USD ($)

CNY

USD ($)

USD ($)

USD ($)

USD ($)

CNY

USD ($)

USD ($)

USD ($)

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

USD ($)

USD ($)

Short-term Debt [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Short term loans

$15,876,250

$12,579,026

$1,950,000

[1]

12,000,000

$0

[1]

$0

[2]

20,000,000

$3,258,815

[2]

$292,500

[3]

$293,293

[3]

$1,625,000

[4]

$1,629,408

[4]

$1,625,000

[5]

10,000,000

$0

[5]

$975,000

[6]

$651,763

[6]

$471,250

[7]

2,900,000

$472,528

[7]

$1,625,000

[8]

$1,629,408

[8]

$0

[9]

5,000,000

$814,704

[9]

$2,437,500

[10]

$2,444,111

[10]

$3,250,000

[11]

20,000,000

$0

[11]

$1,625,000

[12]

5,000,000

$0

[12]

$0

[13]

$1,384,996

[13]

[1]

Loan payable to Shanghai Pudong Development bank is a one-year term loan from June 19, 2014 to June 18, 2015 for RMB12,000,000 ($1.95 million)at a variable rate based on the interest rate set by the People's Bank of China. The effective rate is 7.5% per year. This loan has been guaranteed by the Company's major stockholders, Mr. Guojun Wang and Ms. Ming Ma as well as the Joint Venture Guarantee Group Co., LTD, an independent third party guarantee company.

[2]

Loan payable to Dalian Bank Xigang Branch in the amount of RMB 20,000,000 ($3.25 million) for a one-year term from December 20, 2012 to December 19, 2013,was repaid on the due date.

[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 August 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 7.2% per year. The Company pledged a real estate property owned by the Company's major stockholder. This loan was repaid on August 28, 2014.

[4]

The Company obtained a loan from Jinzhou Bank in the amount of RMB 10,000,000 ($1.63 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 $5.0 million), and also is guaranteed by the Company's major stockholders, Mr. Guojun Wang and Ms. Ming Ma.

[5]

Loan payable to Jilin Bank is a one-year term loan from June 26, 2014 to June 25, 2015 in the amount of RMB10,000,000 ($1.63 million) with a fixed interest rate of 7.8% per year. This loan has been guaranteed by the Company's major stockholders, Mr. Guojun Wang and Ms. Ming Ma as well as Dalian QianbaiHe Clothing accessories Co., LTD. The Company pledged part of its advertising equipment to Dalian QianbaiHe Clothing accessories Co., LTD as additional collateral.

[6]

The Company signed a loan agreement with Dalian Bank Shenyang Branch in the amount of RMB 6,000,000 ($975,000) for a term from June 19, 2013 to June 18, 2014 with a fixed interest rate of 8.1% per year, and was repaid on the due date. The Company obtained a new loan for the same amount from June 23, 2014 to June 22, 2015 with a fixed interest rate of 8.1% per year. The loan is guaranteed by V-Media , and also guaranteed by the Company's major stockholders, Mr. Guojun Wang, Ms. Ming Ma, Ms. Caiqin Wang and Mr. Tao Sun.

[7]

Loan payable to Dalian Bank Shanghai Branch is in the amount of RMB 2,900,000 ($471,250) for a term from November 29, 2012 to November 27, 2013 with a fixed interest rate of 7.8% per year. On December 3, 2013, the loan was extended for one year, with a due date of December 2, 2014, with the same interest rate. This loan is guaranteed by V-Media, and is also guaranteed by the Company's major stockholders, Mr. Guojun Wang, and Ms. Ming Ma.

[8]

Loan payable to Yingkou Bank consisted of two loans. One loan in the amount of RMB 5,000,000 ($0.81 million) was from May 22, 2013 to May 21, 2014 with a fixed interest rate of 7.8% per year, and on the due date, the loan was extended for one year, with a new due date of May 21, 2015, with the same interest rate . Another loan is in the amount of RMB5, 000,000 ($0.81 million) from June 26, 2013 to June 25, 2014 with a fixed interest rate of 7.8% per year, and the loan also was extended for one year, with a new due date of May 27, 2015, and the same interest rate. 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 with a value of RMB15 million ($2.4 million) to Liaoning Baijia Financing Assurance Co., Ltd as additional collateral

[9]

Loan payable to China Merchant bank was a one-year term loan in amount of RMB 5,000,000 ($0.81 million) from May 30, 2013 to May 30, 2014 with a fixed interest rate of 7.8% per year, and the loan was repaid on the due date.

[10]

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 ($2.44 million) with a fixed interest rate of 7.8% per year. The loan was repaid on the due date. The Company obtained a new loan for the same amount from May 16, 2014 to May 15, 2015 with a fixed interest rate of 8.1%. 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 as additional collateral.

[11]

Loan payable to Dalian Bank the First Centre Branch is a one-year term loan from December 16, 2013 to December 15, 2014 in the amount of RMB20,000,000 ($3.25 million) with a fixed interest rate of 8.4% per year. The Company pledged its brand trademark for the loan.

[12]

Loans payable to Agriculture and Commerce Bank are two one-year term loans, both from June 3, 2014 to June 2, 2015 in amount of RMB5,000,000 ($0.81 million each) with a fixed interest rate of 7.8% per year. The loans have been guaranteed by a third party, Dalian High and New Technology Guarantee Investment Co., and the Company's major stockholders, Ms. Ming Ma. In the guarantee contract, the Company paid approximately $40,000 (RMB 250,000) guarantee fee, and pledged part of its advertising equipment to Dalian High and New Technology Guarantee Investment Co. as additional collateral.

[13]

The Company had $1.38 million of loans from outside unrelated parities as of June 30, 2013. Which were subsequently repaid during the year ended June 30, 2014.

SHORT_TERM_LOANS_Details_Textu

SHORT TERM LOANS (Details Textual)

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

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]

Jinzhou Bank Loan Two [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]

Yingkou Bank Loan One [Member]

Yingkou Bank Loan One [Member]

Yingkou Bank Loan Two [Member]

Yingkou Bank Loan Two [Member]

China Merchant Bank [Member]

China Merchant Bank [Member]

China Merchant Bank [Member]

various unrelated parties [Member]

various unrelated parties [Member]

Dalian Bank Shenyang Branch Loan One [Member]

Dalian Bank Shenyang Branch Loan One [Member]

Dalian Bank Shenyang Branch Loan Two [Member]

Dalian Bank Shenyang Branch Loan Two [Member]

Guangdong Development Bank Loan One [Member]

Guangdong Development Bank Loan One [Member]

Guangdong Development Bank loan Two [Member]

Guangdong Development Bank loan Two [Member]

Dalian Bank the First Centre Branch [Member]

Dalian Bank the First Centre Branch [Member]

Dalian Bank the First Centre Branch [Member]

Jilin Bank [Member]

Jilin Bank [Member]

Jilin Bank [Member]

Agriculture and Commerce Bank [Member]

Agriculture and Commerce Bank [Member]

Agriculture and Commerce Bank [Member]

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

CNY

USD ($)

USD ($)

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

USD ($)

USD ($)

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

Short-term Debt [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Issuance Date

'

'

19-Jun-14

19-Jun-14

'

20-Dec-12

20-Dec-12

'

20-Sep-12

29-Aug-13

11-Dec-12

11-Dec-12

18-Nov-13

18-Nov-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

'

'

'

19-Jun-13

19-Jun-13

23-Jun-14

23-Jun-14

9-May-13

9-May-13

16-May-14

16-May-14

16-Dec-13

16-Dec-13

'

26-Jun-14

26-Jun-14

'

3-Jun-14

3-Jun-14

'

Debt Instrument, Maturity Date

'

'

18-Jun-15

18-Jun-15

'

19-Dec-13

19-Dec-13

'

12-Sep-13

28-Aug-14

10-Dec-13

10-Dec-13

17-Nov-14

17-Nov-14

'

'

27-Nov-13

27-Nov-13

'

21-May-15

21-May-15

27-May-15

27-May-15

30-May-14

30-May-14

'

'

'

18-Jun-14

18-Jun-14

22-Jun-15

22-Jun-15

8-May-14

8-May-14

15-May-15

15-May-15

15-Dec-14

15-Dec-14

'

25-Jun-15

25-Jun-15

'

2-Jun-15

2-Jun-15

'

Short-term Bank Loans and Notes Payable

$15,876,250

$12,579,026

$1,950,000

[1]

12,000,000

$0

[1]

$0

[2]

20,000,000

$3,258,815

[2]

'

'

$1,630,000

10,000,000

$1,630,000

10,000,000

$975,000

[3]

$651,763

[3]

$471,250

[4]

2,900,000

$472,528

[4]

$810,000

5,000,000

$810,000

5,000,000

$0

[5]

5,000,000

$814,704

[5]

$0

[6]

$1,384,996

[6]

$975,000

6,000,000

$975,000

6,000,000

$2,440,000

15,000,000

$2,440,000

15,000,000

$3,250,000

[7]

20,000,000

$0

[7]

$1,625,000

[8]

10,000,000

$0

[8]

$1,625,000

[9]

5,000,000

$0

[9]

Short-term Debt, Percentage Bearing Variable Interest Rate

'

'

7.50%

7.50%

'

'

'

'

'

7.20%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Short-term Debt, Percentage Bearing Fixed Interest Rate

'

'

'

'

'

'

'

'

'

'

8.40%

8.40%

8.40%

8.40%

'

'

7.80%

7.80%

'

7.80%

7.80%

7.80%

7.80%

7.80%

7.80%

'

'

'

8.10%

8.10%

8.10%

8.10%

7.80%

7.80%

8.10%

8.10%

8.40%

8.40%

'

7.80%

7.80%

'

7.80%

7.80%

'

Short-term Debt, Terms

'

'

'one-year

'one-year

'

'one-year

'one-year

'

'one-year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'one-year

'one-year

'

'

'

'

'

'

'

'one-year

'one-year

'one-year

'one-year

'one-year

'one-year

'

'one-year

'one-year

'

'one-year

'one-year

'

Debt Instrument, Collateral Amount

'

'

'

'

'

'

'

'

'

'

'

'

$5,000,000

31,000,000

'

'

'

'

'

$2,400,000

15,000,000

$2,400,000

15,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$40,000

250,000

'

[1]

Loan payable to Shanghai Pudong Development bank is a one-year term loan from June 19, 2014 to June 18, 2015 for RMB12,000,000 ($1.95 million)at a variable rate based on the interest rate set by the People's Bank of China. The effective rate is 7.5% per year. This loan has been guaranteed by the Company's major stockholders, Mr. Guojun Wang and Ms. Ming Ma as well as the Joint Venture Guarantee Group Co., LTD, an independent third party guarantee company.

[2]

Loan payable to Dalian Bank Xigang Branch in the amount of RMB 20,000,000 ($3.25 million) for a one-year term from December 20, 2012 to December 19, 2013,was repaid on the due date.

[3]

The Company signed a loan agreement with Dalian Bank Shenyang Branch in the amount of RMB 6,000,000 ($975,000) for a term from June 19, 2013 to June 18, 2014 with a fixed interest rate of 8.1% per year, and was repaid on the due date. The Company obtained a new loan for the same amount from June 23, 2014 to June 22, 2015 with a fixed interest rate of 8.1% per year. The loan is guaranteed by V-Media , and also guaranteed by the Company's major stockholders, Mr. Guojun Wang, Ms. Ming Ma, Ms. Caiqin Wang and Mr. Tao Sun.

[4]

Loan payable to Dalian Bank Shanghai Branch is in the amount of RMB 2,900,000 ($471,250) for a term from November 29, 2012 to November 27, 2013 with a fixed interest rate of 7.8% per year. On December 3, 2013, the loan was extended for one year, with a due date of December 2, 2014, with the same interest rate. This loan is guaranteed by V-Media, and is also guaranteed by the Company's major stockholders, Mr. Guojun Wang, and Ms. Ming Ma.

[5]

Loan payable to China Merchant bank was a one-year term loan in amount of RMB 5,000,000 ($0.81 million) from May 30, 2013 to May 30, 2014 with a fixed interest rate of 7.8% per year, and the loan was repaid on the due date.

[6]

The Company had $1.38 million of loans from outside unrelated parities as of June 30, 2013. Which were subsequently repaid during the year ended June 30, 2014.

[7]

Loan payable to Dalian Bank the First Centre Branch is a one-year term loan from December 16, 2013 to December 15, 2014 in the amount of RMB20,000,000 ($3.25 million) with a fixed interest rate of 8.4% per year. The Company pledged its brand trademark for the loan.

[8]

Loan payable to Jilin Bank is a one-year term loan from June 26, 2014 to June 25, 2015 in the amount of RMB10,000,000 ($1.63 million) with a fixed interest rate of 7.8% per year. This loan has been guaranteed by the Company's major stockholders, Mr. Guojun Wang and Ms. Ming Ma as well as Dalian QianbaiHe Clothing accessories Co., LTD. The Company pledged part of its advertising equipment to Dalian QianbaiHe Clothing accessories Co., LTD as additional collateral.

[9]

Loans payable to Agriculture and Commerce Bank are two one-year term loans, both from June 3, 2014 to June 2, 2015 in amount of RMB5,000,000 ($0.81 million each) with a fixed interest rate of 7.8% per year. The loans have been guaranteed by a third party, Dalian High and New Technology Guarantee Investment Co., and the Company's major stockholders, Ms. Ming Ma. In the guarantee contract, the Company paid approximately $40,000 (RMB 250,000) guarantee fee, and pledged part of its advertising equipment to Dalian High and New Technology Guarantee Investment Co. as additional collateral.

BANK_ACCEPTANCE_NOTES_PAYABLE_

BANK ACCEPTANCE NOTES PAYABLE (Details Textual) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
			Notes Payable [Member]	Notes Payable [Member]	Minimum [Member]
					Notes Payable [Member]
Debt Instrument [Line Items]	'	'	'	'	'
Percentage Of Cash Balance To Be Maintained From Notes Payable As Collateral	'	'	'	'	50.00%
Restricted cash	$2,882,750	$3,322,299	$2,700,000	$2,600,000	'
Bank acceptance notes payable	$3,575,000	$5,214,104	'	'	'

SUBSIDY_INCOME_Details_Textual

SUBSIDY INCOME (Details Textual) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Subsidy Income [Line Items]	'	'
Subsidy income	$250,686	$720,390
Special Tax Refund [Member]	'	'
Subsidy Income [Line Items]	'	'
Subsidy income	250,686	430,681
Countries Known Trademarks Honor [Member]	'	'
Subsidy Income [Line Items]	'	'
Subsidy income	'	80,049
Other Miscellaneous Subsidiary Income [Member]	'	'
Subsidy Income [Line Items]	'	'
Subsidy income	'	$209,660

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Related Party Transaction [Line Items]	'	'
Due to related parties	$415,685	$362,103
Wang, Caiqin [Member]	'	'
Related Party Transaction [Line Items]	'	'
Due to related parties	146,250	146,157
Ma, Ming [Member]	'	'
Related Party Transaction [Line Items]	'	'
Due to related parties	145,894	93,577
Wang, Guojun [Member]	'	'
Related Party Transaction [Line Items]	'	'
Due to related parties	$123,541	$122,369

WARRANTS_Details

WARRANTS (Details) (Warrant [Member], USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Warrant [Member]	'	'	'
Class of Warrant or Right [Line Items]	'	'	'
Warrants Outstanding, Beginning Balance	3,315,426	3,348,760	'
Warrants, Granted	0	0	'
Warrants, Forfeited	3,315,426	33,334	'
Warrants, Exercised	0	0	'
Warrants Outstanding, Ending Balance	0	3,315,426	3,348,760
Weighted Average Exercise Price Outstanding, Beginning Balance (in dollars per share)	$0.95	$0.96	'
Weighted Average Exercise Price, Granted (in dollars per share)	$0	$0	'
Weighted Average Exercise Price, Forfeited (in dollars per share)	$0.95	$1.80	'
Weighted Average Exercise Price, Exercised (in dollars per share)	$0	$0	'
Weighted Average Exercise Price Outstanding, Ending Balance (in dollars per share)	$0	$0.95	$0.96
Average Remaining Life Outstanding (in years)	'0 years	'4 months 28 days	'1 year 5 months 12 days
Average Intrinsic Value Outstanding, Beginning Balance	$0	$0	'
Average Intrinsic Value, Granted	0	0	'
Average Intrinsic Value, Forfeited	0	0	'
Average Intrinsic Value, Exercised	0	0	'
Average Intrinsic Value Outstanding, Ending Balance	$0	$0	$0

WARRANTS_Details_Textual

WARRANTS (Details Textual) (USD $)	12 Months Ended
	Jun. 30, 2010
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
Investment Warrants, Exercise Price	$0.95

TAXES_Details

TAXES (Details) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Current tax provision	'	'
Federal	$0	$0
State	0	0
Foreign	125,741	458,845
Current Income Tax Expense (Benefit)	125,741	458,845
Deferred tax expense (benefit)	'	'
Federal	0	0
State	0	0
Foreign	0	416,220
Deferred Income Tax Expense (Benefit)	0	416,220
Total income tax provision	$125,741	$875,065

TAXES_Details_1

TAXES (Details 1)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Taxes [Line Items]	'	'
US statutory income tax rate	35.00%	35.00%
Income not taxed in US	-35.00%	-35.00%
China Income tax statutory rate	25.00%	25.00%
Change in deferred tax assets valuation allowance - Holding Company	-16.00%	-16.00%
Change in deferred tax assets valuation allowance - PRC entities	-24.00%	-21.00%
Provision for doubtful accounts not deductible	-4.00%	-5.00%
Other non-deductible item	-7.00%	-1.00%
Effective rate	-4.00%	-18.00%

TAXES_Details_2

TAXES (Details 2) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Taxes [Line Items]	'	'
Income (losses) before taxes	($3,180,902)	($4,821,279)
Profitable entities [Member]	'	'
Taxes [Line Items]	'	'
Income (losses) before taxes	790,989	1,653,832
Loss entities [Member]	'	'
Taxes [Line Items]	'	'
Income (losses) before taxes	($3,971,891)	($6,475,111)

TAXES_Details_3

TAXES (Details 3) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Taxes [Line Items]	'	'
Earnings	$790,989	$1,653,832
NOL applied	-790,989	-1,653,832
Tax base	0	0
Statutory rate	25.00%	25.00%
Tax expense	$0	$0

TAXES_Details_4

TAXES (Details 4) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Taxes [Line Items]	'	'
Business tax payable (prepaid)	($23,736)	$63,405
Corporate income tax payable	243,587	222,525
VAT payable	179,896	150,791
Other	120,400	212,697
Total taxes payable	$520,147	$649,418

TAXES_Details_Textual

TAXES (Details Textual) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
State Administration of Taxation, China [Member]	'	'
Taxes [Line Items]	'	'
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential	25.00%	'
Deferred Tax Assets, Valuation Allowance	$800,000	$1,000,000
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	3,065,281	4,081,411
Deferred Tax Assets, Gross, Total	800,000	1,000,000
Effective Business Tax Rate	5.00%	'
Effective Business Tax Rate Continuing Operations	3.00%	'
Business Tax Expense Benefit	873,656	1,516,051
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	-259,985	1,020,353
New York State Division of Taxation and Finance [Member]	'	'
Taxes [Line Items]	'	'
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	5,116,000	3,163,000
Deferred Tax Assets, Valuation Allowance	1,739,330	1,075,381
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$663,949	$1,013,392

EARNINGS_PER_SHARE_Details_Tex

EARNINGS PER SHARE (Details Textual) (Convertible Preferred Stock [Member])	12 Months Ended
	Jun. 30, 2014
Convertible Preferred Stock [Member]	'
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 $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]	'	'
Revenue	$19,089,508	$21,823,216
Cost of Revenue	-16,250,101	-18,247,311
Gross Profit	2,839,407	3,575,905
Dalian District [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Revenue	14,748,040	16,590,164
Cost of Revenue	-9,488,406	-11,259,234
Gross Profit	5,259,634	5,330,930
Shenyang District [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Revenue	882,440	1,100,599
Cost of Revenue	-1,183,860	-1,124,663
Gross Profit	-301,420	-24,064
Beijing District [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Revenue	1,182,894	2,416,329
Cost of Revenue	-1,309,945	-1,483,807
Gross Profit	-127,051	932,522
Tianjin District [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Revenue	400,847	440,331
Cost of Revenue	-199,801	-151,535
Gross Profit	201,046	288,796
Shanghai District [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Revenue	104,688	825,793
Cost of Revenue	-541,017	-955,218
Gross Profit	-436,329	-129,425
US Corporation [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Revenue	1,770,599	450,000
Cost of Revenue	-3,527,072	-3,272,854
Gross Profit	($1,756,473)	($2,822,854)

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (Subsequent Event [Member])	1 Months Ended
	Aug. 31, 2014	Aug. 31, 2014	Sep. 04, 2014	Sep. 04, 2014
	Dongya Bank, Notes Payable [Member]	Dongya Bank, Notes Payable [Member]	Industrial And Commercial Bank of China,Short-Term Bank Loan [Member]	Industrial And Commercial Bank of China,Short-Term Bank Loan [Member]
	USD ($)	CNY	USD ($)	CNY
Subsequent Event [Line Items]	'	'	'	'
Debt Instrument, Face Amount	$2,925,000	18,000,000	$292,500	1,800,000
Debt Instrument, Maturity Date	28-Feb-15	28-Feb-15	3-Sep-15	3-Sep-15
Debt Instrument, Term	'	'	'1 year	'1 year
Debt Instrument, Description of Variable Rate Basis	'	'	'floating interest rate of the prevailing one year lending rate of the People's Bank of China plus 20%, which adjustable every three months from September 4, 2014 to September 3, 2015.	'floating interest rate of the prevailing one year lending rate of the People's Bank of China plus 20%, which adjustable every three months from September 4, 2014 to September 3, 2015.