China Ginseng (CSNG) 10-Q 22 Feb 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2015	Feb. 10, 2016
Document And Entity Information
Entity Registrant Name	China Ginseng Holdings Inc
Entity Central Index Key	1,338,460
Document Type	10-Q
Trading symbol	CSNG
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		44,397,297
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
CURRENT ASSETS
Cash	$ 39,541	$ 10,016
Accounts receivable, net	540,062	579,752
Advances to third parties	445,941	93,254
Inventory	576,027	285,981
Due from related parties	3,601	7,703
Prepaid expenses	1,458	1,549
Total Current Assets	1,606,630	978,255
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $538,461 and $525,199 at December 31 and June 30, 2015, respectively	1,269,648	1,398,425
OTHER ASSET
Deposit on equipment	5,618,268	5,967,480
Total Assets	8,494,546	8,344,160
CURRENT LIABILITIES
Loan payable- equipment purchase	5,616,923	5,966,052
Loan payable- building purchase	1,231,982	1,308,558
Loans payable- other	3,334,489	3,997,629
Notes payable - related parties	1,689,086	$ 1,593,996
Convertible debenture	1,600,000
Accounts payable	1,733,451	$ 951,068
Accrued expenses	3,673,412	2,486,436
Taxes payable	66,533	71,034
Payable to farmers	828,096	879,567
Payments received in advance	213,590	247,663
Total Current Liabilities	19,987,562	17,502,003
OTHER LIABILITIES
Liabilities of discontinued operations	483,695	513,760
Total Liabilities	$ 19,931,257	$ 18,015,763
COMMITMENTS AND CONTINGENCIES (NOTE O)
STOCKHOLDERS' DEFICIT
Common Stock, $0.001 par value; 50,000,000 shares authorized; 44,397,297 shares issued and outstanding at December 31 and June 30, 2015, respectively	$ 44,398	$ 44,398
Additional paid-in capital	7,797,234	7,738,746
Accumulated deficit	(20,603,802)	(18,073,829)
Accumulated other comprehensive income	785,459	619,082
Total Stockholders' Deficit	(11,976,711)	(9,671,603)
Total Liabilities and Stockholders' Deficit	$ 8,494,546	$ 8,344,160

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Statement of Financial Position [Abstract]
Property and equipment accumulated depreciation (in dollars)	$ 538,461	$ 525,199
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	44,397,297	44,397,297
Common stock, shares outstanding	44,397,297	44,397,297

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
REVENUES	$ 40,121	$ 146,972	$ 61,746	$ 152,214
COSTS AND EXPENSES
Cost of goods sold	15,457	112,917	30,761	115,818
Selling, general and administrative expenses	1,251,964	503,748	1,605,776	832,966
Bad debt expense (recovered)	6,592	(42,250)	(43,378)	(42,250)
Depreciation and amortization	39,783	15,625	53,046	45,934
Total Costs and Expenses	$ 1,313,796	590,040	1,646,205	952,468
OTHER EXPENSE
Foreign Exchange		(4,226)	89,059	(15,939)
Interest expense	$ 505,675	307,512	856,455	533,232
Net Other Expense	505,675	303,286	945,514	517,293
LOSS BEFORE INCOME TAXES	$ (1,779,350)	$ (746,354)	$ (2,529,973)	$ (1,317,547)
PROVISION FOR INCOME TAXES
NET LOSS	$ (1,779,350)	$ (746,354)	$ (2,529,973)	$ (1,317,547)
OTHER COMPREHENSIVE INCOME (LOSS)
Translation Adjustment	280,068	(82,495)	166,377	(149,173)
COMPREHENSIVE LOSS	$ (1,499,282)	$ (828,849)	$ (2,363,596)	$ (1,466,720)
NET LOSS PER COMMON SHARE (Basic and diluted) (in dollars per share)	$ (0.04)	$ (0.02)	$ (0.06)	$ (0.03)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted (in shares)	44,397,297	44,397,297	44,397,297	44,397,297

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash Flows from Operating Activities:
Net loss	$ (2,529,973)	$ (1,317,547)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation and amortization	53,046	45,934
Bad debt expense (Recovery)	(43,378)
Imputed interest	58,488	48,186
Changes in assets and liabilities:
(Increase) decrease in accounts receivable	54,599	54,165
(Increase) decrease in inventory	(306,781)	$ (141,631)
(Increase) decrease in advances to third party	$ (358,144)
(Increase) decrease in prepaid expense		$ (407)
(Increase) decrease in due from related parties	$ 3,853	(16,826)
Increase (decrease) in accounts payable	838,039	458,351
Increase (decrease) in taxes payable	(344)	(280)
Increase (decrease) in receivables in advance	(19,580)	1,446
Increase (decrease) in accrued expenses	1,286,485	344,218
Net cash provided by (used in) operating activities	(963,690)	(524,391)
Cash Flows from Investing Activities:
Purchase of property and equipment	(7,897)	(3,479)
Net cash provided by (used in) investing activities	$ (7,897)	(3,479)
Cash Flows from Financing Activities:
Proceeds from loans		343,565
Proceeds from loans payable to related parties	$ 129,868	$ 138,345
Proceeds from Series A Convertible Debenture	1,600,000
Repayments of Loans Payable	(482,844)
Net cash provided by (used in) financing activities	1,247,024	$ 481,910
Effect of exchange rate on cash	(251,369)	153,393
Increase (decrease) in cash	29,525	107,433
Cash at beginning of period	10,016	24,782
Cash at end of period	$ 39,541	$ 132,215
Cash paid for:
Interest
Income taxes

PRESENTATION, NATURE OF BUSINES

PRESENTATION, NATURE OF BUSINESS, AND GOING CONCERN	6 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
PRESENTATION, NATURE OF BUSINESS, AND GOING CONCERN	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial statements. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. These consolidated financial statements should be read in conjunction with the Company’s annual report on Form 10-K for the year ended June 30, 2015. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary in order to make the consolidated financial statements not misleading have been included. Results for the three and six months ended December 31, 2015, are not necessarily indicative of the results that may be expected for the year ending June 30, 2016. Nature of Business China Ginseng Holdings, Inc. and Subsidiaries (the “Company”), was incorporated under the laws of Nevada on June 24, 2004. On November 24, 2004, the Company acquired 55% of Yanbian Huaxing Ginseng Industry Co. Limited (“Yanbian Huaxing”), which is located in China and, is in the business of farming, processing, distribution, and marketing of Asian Ginseng products. In August 2005, the Company acquired the remaining 45% of Yanbian Huaxing. In 2010, the Company ceased marketing ginseng and is presently utilizing the harvest to produce a ginseng beverage. However, it continues to buy ginseng for the resale market. Yanbian Huaxing controls, through 20 year leases granted by the Chinese Government, approximately 1,500 hectares (3,705 acres) of land used to grow ginseng. The Company had no operations prior to November 24, 2004. These leases expire through 2024. During the year ended June 30, 2014, the Forestry Bureau governing one of the farms approximating 700 hectares (1,730 acres) of land leased by Yanbian Huaxing notified the Company that this lease in no longer recognized. As a result, the Company is prevented from developing and planting ginseng in undeveloped areas of the farm. On August 24, 2005, the Company acquired Jilin Ganzhi Ginseng Produce Co. Limited, whose principal business is the manufacture of ginseng drinks. On October 19, 2005, the Company incorporated a new company, Jilin Huamei Beverage Co. Limited (“Jilin Huamei”), which operates as a sales department for the Company’s canned ginseng juice and wine, which are produced by other subsidiaries of the Company. On March 31, 2008 the Company acquired Tonghua Linyuan Grape Planting Co. Limited (“Tonghua Linyuan”) whose principal activity was the growing, cultivation and harvesting of a grape vineyard. The Company produced wine and grape juice using the grapes planted on the land Tonghua Linyuan leased, but in June 2012, the Company decided to abandon the growing and harvesting of grapes due to the poor quality of grape harvests which were not suitable for the production of wine or grape juice. Accordingly, the Company has abandoned the vineyard and also decided not to renew its leases with the Chinese Government. On June 30, 2013, the Company sold the assets and liabilities of Tonghua Linyuan to a third party. On March 2, 2012, the Company approved the incorporation of a new subsidiary, Hong Kong Huaxia International Industrial Co., Limited (“Hong Kong Huaxia”) in Hong Kong in order to sell health and specialized local products. Hong Kong Huaxia was incorporated in Hong Kong on March 18, 2012, and began operations in April 2012. Hong Kong Huaxia has registered 880,000,000 shares of 1 HKD par value per share stock in Hong Kong. None of the $113,443,000 (880,000,000 HKD) registered capital of Hong Kong Huaxia has been funded as of December 31, 2015. On September 27, 2013, the Company established a new wholly owned subsidiary of Hong Kong Huaxia, Jilin Huaxia Ginseng Co., Ltd (“Jilin Huaxia”) in order to open online store through Taobao Marketplace, the biggest online Business to Consumer and Consumer to Consumer platform in Asia, a subsidiary company of Alibaba Group, and to acquire machinery and equipment in China . During the six months ended December 31, 2015, under new management, the Company updated its business plan to include the opening of eye care centers in China. These eye care centers will also resell the Company’s ginseng juice products. Substantially all of the Company’s operations are in the People’s Republic of China and Hong Kong. Consolidated Financial Statements The consolidated financial statements include the accounts and activities of China Ginseng Holdings, Inc. and its wholly-owned subsidiaries, Yanbian Huaxing Ginseng Co. Limited, Jilin Huamei Beverage Co. Limited, Jilin Ganzhi Ginseng Products Co. Limited and Hong Kong Huaxia International Industrial, Co. Limited and its subsidiary Jilin Huaxia. All intercompany transactions have been eliminated in consolidation. Reclassifications Certain reclassifications have been made to the consolidated financial statements for the three and six months ended December 31, 2014 and at June 30, 2015 to make then comparable to the presentation for the three and six months ended December 31, 2015. Uncertainty in Income Taxes The Company’s policy is to recognize interest related to income tax matters as interest expense. The Company’s policy is to recognize penalties related to income tax matters as selling, general and administrative expenses. Going Concern As indicated in the accompanying financial statements, the Company had net losses of $2,529,973 and $1,317,547 for the six months ended December 31, 2015 and 2014, respectively, and an accumulated deficit of $20,603,802 as of December 31, 2015 and there are existing uncertain conditions the Company foresees relating to its ability to obtain working capital and operate successfully. Management’s plans include the raising of capital through the debt and equity markets to fund future operations and the generating of revenue through its businesses. Failure to raise adequate capital and generate adequate sales revenues could result in the Company having to curtail or cease operations. Additionally, even if the Company does raise sufficient capital to support its operating expenses and generate adequate revenues, there can be no assurances that the revenues will be sufficient to enable it to develop business to a level where it will generate profits and cash flows from operations. These matters raise substantial doubt about the Company’s ability to continue as a going concern. However, the accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. These consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE B – PROPERTY AND EQUIPMENT Property and equipment is comprised of the following at: December 31, June 30, 2015 2015 Buildings and improvements $ 1,385,980 $ 1,472,128 Machinery and equipment 358,886 393,100 Motor vehicles 28,716 30,501 Office equipment 34,527 27,895 1,808,109 1,923,624 Less accumulated depreciation (538,461 ) (525,199 ) $ 1,269,648 $ 1,398,425 Substantially all of the property and equipment is located in China. Total Depreciation was $53,046 and $41,939 for the six months ended December 31, 2015 and 2014, respectively. Depreciation is recorded in the financial statements as follows: Six Months Ended December 31, 2015 2014 Depreciation Expense $ 53,046 $ 41,338 Capitalized Inventories and Ginseng Crops - 601 $ 53,046 $ 41,939 Depreciation expense is included within Depreciation and Amortization in the Consolidated Statements of Operations and Comprehensive Loss (unaudited). Capitalized Ginseng Crops is included in the consolidated Balance Sheets.

DEPOSIT FOR EQUIPMENT PURCHASE

DEPOSIT FOR EQUIPMENT PURCHASE	6 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
DEPOSIT FOR EQUIPMENT PURCHASE	NOTE C –DEPOSIT FOR EQUIPMENT PURCHASE In November of 2013, the Company made a deposit of $5,618,268 (RMB 36,474,054) with a supplier for the purchase of equipment for its ginseng farms. Prior to delivery of the equipment, the Company determined that this equipment was not best suited for its’ farms and cancelled the purchase. The deposit remains on hand with the supplier. The Company and supplier are negotiating for the delivery of different equipment for the Company’s new eye care centers or the return of the deposit.

INVENTORY

INVENTORY	6 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
INVENTORY	NOTE D – INVENTORY Inventory is comprised of the following at: December 31, June 30, 2015 2015 Raw materials $ 424,105 $ 126,006 Finished goods 65,129 67,787 Packaging supplies 82,652 87,789 Operating supplies 4,141 4,399 $ 576,027 $ 285,981 At December 31, 2015 and June 30, 2015, there were no shipments of ginseng at customer locations awaiting inspection and approval that may be subject to invoicing.

GINSENG CROPS

GINSENG CROPS	6 Months Ended
	Dec. 31, 2015
Agriculture [Abstract]
GINSENG CROPS	NOTE E – GINSENG CROPS The Company’s business, prior to June 30, 2009, was primarily to harvest and sell fresh and dried ginseng. The growth period takes approximately 5 to 6 years before harvest can commence and up to 8 years for improved harvest and seedling yields. The Company is changing its business model to utilize the harvested ginseng to manufacture ginseng juice and other ginseng beverages. It commenced the juice operation in August 2011. The Company plants selects areas each year and tracks the costs expended each year by planting area. The Chinese government owns all of the land in China. Currently, the Company has obtained leases from the Chinese government for approximately 1,500 hectares of land (approximately 3,705 acres) to grow ginseng, which were awarded in April and May 2005. These leases are for 20 years and the management of the Company believes that the leases will be renewed as they expire in different areas. However, there are no assurances that the Chinese government will continue to renew these leases in the future. The planting of new ginseng is dependent upon the Company’s cash flow and its ability to raise working capital. During the year ended June 30, 2014, the Forestry Bureau governing one of the farms approximating 700 hectares (1,730 acres) of land leased by Yanbian Huaxing notified the Company that this lease in no longer recognized. As a result, the Company is prevented from developing and planting ginseng in undeveloped areas of the farm. The Company has planted approximately 287,984 square meters of land. The Company does not plan to plant any further ginseng. Future ginseng will be purchased by the Company from farmers and suppliers. An analysis of ginseng crop costs for each of the applicable periods is as follows: December 31, June 30, Beginning Crop Costs $ - $ 6,721 Currency Conversion Adjustment to Beginning Balance - - Capitalized Costs During Year: Wages - - Fertilizer - - Field clearing and cultivation - - Farmer lease fee net of management fee - - Labor - - Irrigation - - Depreciation - - Other - - Total Capitalized Costs - - Less: Impairment adjustment - (6,721 ) - Ending Crop Costs - - Less: Current portion - - Non-Current Portion of Crop Costs $ - $ - The cost of harvest is calculated by reference to the planting area and the detailed costs maintained for each planting area. Based upon the square meters planted by area, a square meter cost is calculated and applied to the square meters harvested, rendering a cost of harvest. For each financial reporting period, the ginseng crop harvested is valued at net realizable value. If the net realizable value is lower than carrying value, a write down is made for the difference.

AGREEMENTS WITH FARMERS

AGREEMENTS WITH FARMERS	6 Months Ended
	Dec. 31, 2015
Agreements With Farmers [Abstract]
AGREEMENTS WITH FARMERS	NOTE F – AGREEMENTS WITH FARMERS The Company has executed agreements with a number of local farmers to grow, cultivate and harvest Ginseng utilizing the Company’s land grants. The farming contracts commenced in January 2008 and ended in 2013. In connection with these agreements, the Company (1) leases sections of the Ginseng land grants to the farmers at approximately $1.50 (10 RMB) per square meter per year, (2) provides the seeds and fertilizer to the farmers and clears the land of large debris. These costs are capitalized by the Company and included in the Ginseng Crop inventory, (3) pays the farmers a management fee of approximately $0.50 (4.00 RMB) per square meter per year and (4) the farmers are required to produce 2kg of Ginseng for each square meter that they manage. The Company pays the farmers market price for their Ginseng. If the harvest is below 2kg per square meter, the difference will be deducted from the total payment for Ginseng purchased. If the harvest produces more that 2kg per square meter, the Company pays approximately $3.00 for every extra kilo. The Company records these agreements on a net basis by individual farmers. The Company has also recorded a payable to the farmers for the net management fee due to the farmers. The liability at December 31, 2015 and June 30, 2015 was $828,096 and $879,567 respectively.

LOAN PAYABLE TO FINANCIAL INSTI

LOAN PAYABLE TO FINANCIAL INSTITUTION	6 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
LOAN PAYABLE TO FINANCIAL INSTITUTION	NOTE G – LOAN PAYABLE TO FINANCIAL INSTITUTION In 2002, the Company’s subsidiary, Tonghua Linyuan, borrowed 2,000,000 RMB from Ji’an Qingshi Credit Corporation at an interest rate of 6.325% per annum with a maturity date of April 4, 2003. The loan is currently in default. In March 2008, the lender verbally agreed that no principal or interest need be paid until the company is generating profits. Interest has been paid on the loan through June 30, 2009 and has been accrued in subsequent periods. The loan is secured by the Company’s inventory and equipment. The loan balance at December 31, 2015 and June 30, 2015 was $307,996 and $327,139, respectively. The loan balance is included in Liabilities of Discontinued Operations on the accompanying consolidated Balance Sheet.

LOAN PAYABLE - BUILDING PURCHAS

LOAN PAYABLE - BUILDING PURCHASE	6 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
LOAN PAYABLE - BUILDING PURCHASE	NOTE H – LOAN PAYABLE – BUILDING PURCHASE On March 2, 2011, the Company entered into an agreement with Meihekou Hang Yilk Tax Warehousing Logistics, an auctioneer, to purchase office and warehouse facilities. The purchase price was $1,385,980 (RMB 9,000,000). On June 24, 2011, the Company made payment of $76,990 (RMB 500,000) leaving a balance of $1,308,981 (RMB 8,500,000). On September 10, 2011, the Company paid 8,000,000 RMB through the proceeds of a loan with Meihekou City Rural Credit Union. The loan was due on August 12, 2012. The interest rate is a floating rate adjusted upwards by 90%. At June 30, 2015, the Central Bank Rate was 4.85% applying the adjustment factor yields a rate of 18.43%. The loan is secured by the building. The remaining 500,000 RMB was paid as follows: (a) $15,400 (RMB 100,000) in December 2010 and (b) $61,599 (RMB 400,000) in June 2011. On August 30, 2012, the loan was renegotiated extending the maturity date to August 29, 2014 with principal payments of 1,000,000 RMB (USD $153,998) in September 2012; 1,000,000 RMB (USD $153,998) on August 29, 2013; 1,000,000 RMB (USD $153,998) on December 20, 2013 and 5,000,000 RMB (USD $769,988) on August 29, 2014. None of these payments were made by the Company and the note is thus in default.

LOAN PAYABLE - EQUIPMENT PURCHA

LOAN PAYABLE - EQUIPMENT PURCHASE	6 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
LOAN PAYABLE - EQUIPMENT PURCHASE	NOTE I – LOAN PAYABLE – EQUIPMENT PURCHASE On October 29, 2013, the Company borrowed $5,616,923 (RMB 36,474,054) in order to fund the acquisition of machinery and equipment by the Company. The loan was due on February 28, 2014, and the Company was to pay $211,606 (RMB 1,300,000) in interest over the life of the loan. The loan is secured by the assets of Jilin Huaxia. On July 1, 2015, the loan term was extended to December 31, 2015 in order to allow the Company to receive the proceeds from the deposit made to purchase equipment. On January 3, 2016, the creditor agreed to negotiate with the Company for a new term on the loan. See Note C for corresponding deposit for equipment purchase.

NOTE PAYABLE - OTHER

NOTE PAYABLE - OTHER	6 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
NOTE PAYABLE - OTHER	NOTE J – NOTE PAYABLE – OTHER The Company has loans with various individuals and finance companies totaling $3,334,489at December 31, 2015 and $ $3,997,629 at June 30, 2015. These loans are payable on demand and bear interest at 3% per month.

CONVERTIBLE DEBENTURE

CONVERTIBLE DEBENTURE	6 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
CONVERTIBLE DEBENTURE	NOTE K- CONVERTIBLE DEBENTURE On July 21, 2015, the Company closed a private placement to sell a Series A Convertible Debenture for a price of $1,600,000. The Series A Convertible Debenture is repayable at July 20, 2018 and is convertible into 4,000,000 shares of the Company’s common stock at a price of $0.40 per share. The Series A Convertible Debenture carries no interest and matures in 36 months. The Series A Convertible Debenture also has a prepayment clause pursuant to which the Company may repurchase all or a portion of the outstanding Convertible Debenture in cash for 100% of the face value on ten business days’ notice at any time after the twelve month anniversary of the closing; provided that the Investor shall have the right to convert the Convertible Debenture within five business days after written notice of such prepayment. The funds received from the convertible debenture were used to pay down accounts payable, to provide advances to third parties to support the Company’s future operations and to increase the Company’s cash available to fund future operations.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE L - RELATED PARTY TRANSACTIONS The Company had been financing its operations from loans from individuals, principally residents of China, who are deemed to be related parties because of their ownership interest in the Company (shareholders). The individuals have loaned the Company funds which are interest free, have no specific repayment date, and are unsecured. The funds received are evidenced by receipt of cash acknowledgments. At December 31, 2015 and June 30, 2015, funds borrowed to fund the current operations of the Company were $1,689,086 and $1,593,996, respectively. In accordance with FASB ASC 835-30, the Company has imputed an interest charge of $58,488 and $48,186 which has been recorded in the financial statements for the six months ended December 31, 2015 and 2014, respectively. At December 31, 2015 and June 30, 2015, the Company had receivables from related parties amounting to $3,601 and $7,703, respectively.

PROVISION FOR INCOME TAXES

PROVISION FOR INCOME TAXES	6 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
PROVISION FOR INCOME TAXES	NOTE M – PROVISION FOR INCOME TAXES Deferred income taxes are determined using the liability method for the temporary differences between the financial reporting basis and income tax basis of the Company’s assets and liabilities. Deferred income taxes are measured based on the tax rates expected to be in effect when the temporary differences are included in the Company’s tax return. Deferred tax assets and liabilities are recognized based on anticipated future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets consist of the following at: December 31, June 30, 2015 2015 Timing difference related to inventory provisions $ - $ - Net operating losses 3,869,451 3,371,958 Valuation allowance (3,869,451 ) (3,371,958 ) Deferred tax asset $ - $ - The deferred tax asset is the result of an inventory provision and related reserve. Under Chinese tax laws, the Company is not entitled to a deduction for the provision until the inventory is completely discarded. Accordingly, the liability has been recorded as an offset by a deferred tax asset representing a timing difference. The Company has a net operating loss carry forward as follows: December 31, June 30, 2015 2015 International (China) $ 10,705,356 $ 9,290,901 United States 4,772,449 4,196,931 $ 15,477,805 $ 13,487,832 The operating losses are available to offset future taxable income. The China net operating loss carryforwards can only be carried forward for five years and commenced expiring in 2013. The Company does not file a consolidated tax return in China. Therefore, the profitability of the individual Chinese companies will determine the utilization of the carryforward losses. The U.S. carryforward losses are available to offset future taxable income for the succeeding 20 years and commence expiring in 2027. At December 31, 2015, the Company determined that it had $540,000 in penalties related to past due tax returns from 2005 through 2015. The Company plans to seek abatement with the Internal Revenue Service relating to these amounts, the outcome of which is uncertain. The components of income before taxes are as follows: For the Six Months 2015 2014 International (China) $ (1,414,455 ) $ (853,854 ) United States (575,518 ) (463,693 ) $ (1,989,973 ) $ (1,317,547 ) A reconciliation of the Company’s effective tax rate as a percentage of income before taxes and federal statutory rate for the six months ended December 31, 2015 and 2014, respectively, are as follows: For the Six Months 2015 2014 Federal statutory rate (34.0)% (34.0)% State income taxes, net of federal benefit 3.3 3.3 Valuation allowance 30.7 30.7 Earnings taxed at other than US statutory rate - - Effective tax rate -% -%

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	NOTE N - DISCONTINUED OPERATIONS On June 30, 2013, the Company discontinued its’ grape production operations. The Company sold the assets and liabilities of Tonghua Linyuan, and closed Tonghua Linyuan. The Company has retained $483,695 and $513,760 in contingent liabilities of Tonghua Linyuan at December 31, 2015 and June 30, 2015, respectively. These liabilities are included in Liabilities of Discontinued Operations on the consolidated Balance Sheet. These liabilities consisted of a loan payable to a financial institution of $307,996 and accounts payable and accrued expenses of $175,699 at December 31, 2015 and a loan payable to a financial institution of $327,139 and accounts payable and accrued expenses of $186,321 at June 30, 2015.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE O – COMMITMENTS AND CONTINGENCIES The Company has employment agreements with various individuals in China. The following summarizes the contractual commitments under these agreements: December 31, Commitment 2016 $ 24,024 2017 1,540 $ 25,564 The Company has one year leases for its corporate offices in China aggregating RMB 220,190 per year (USD 33,909) expiring between December 31, 2015 and May 21, 2016. The commitments for these leases at December 31, 2015 was RMB 60,322 (USD 9,289). The Chinese government owns all the land in China. Currently, the Company has grants from the Chinese government for approximately 1,500 hectares of land (3,705 acres) to grow Ginseng. These grants are for 20 years. There is no assurance that the Chinese government will continue to renew these grants in the future. During the year ended June 30, 2014, the Forestry Bureau governing one of the farms approximating 700 hectares (1,730 acres) of land leased by Yanbian Huaxing notified the Company that this lease in no longer recognized. As a result, the Company is prevented from developing and planting ginseng in undeveloped areas of the farm. The Company had a 15 year lease with the Representative of Group One Farmer, Si’An City, Qingshi, Qingshi Town, Qingshi Village, China to lease 750 acres to grow and harvest grapes. The lease expires December 31, 2014. The annual lease fee is 187,500 RMB or approximately $29,600 per year to lease the acreage. The land and buildings on the premises have a separate lease concurrent with the property lease. The Company sold this lease as part of the sale of the assets of Tonghua Linyuan. The Company has a lease to refrigerate and store fresh Ginseng, which operates on a month to month basis until terminated by the parties. The annual lease fee approximates $15,500 per year.

OPERATING SEGMENTS

OPERATING SEGMENTS	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
OPERATING SEGMENTS	NOTE P – OPERATING SEGMENTS The Company currently has two operating segments, (1) the cultivation and harvest of Ginseng for the production of Ginseng beverages and (2) the retail sales of cosmetics and health supplements. The Company’s reportable business segments are strategic business units that offer different products. Each segment is managed separately because they require different production techniques and market to different classes of customers. Six months ended December 31, 2015: Parent Ginseng Cosmetics/ Total Revenues $ - $ 38,282 $ 23,464 $ 61,746 Net income (loss) (1,115,518 ) (1,420,247 ) 5,792 (2,529,973 ) Total assets 377,359 8,071,280 45,907 8,494,546 Other significant items: Depreciation and amortization 869 51,631 546 53,046 Interest expense 131,642 723,458 1,355 856,455 Expenditures for fixed assets - 7,897 - 7,897 Six months ended December 31, 2014: Parent Ginseng Cosmetics/ Total Revenues $ - $ - $ 152,214 $ 152,214 Net income (loss) (463,693 ) (836,261 ) (17,593 ) (1,317,547 ) Total assets 19,197 8,684,608 329,516 9,033,321 Other significant items: Depreciation and amortization 642 44,893 399 45,934 Interest expense 25,344 506,864 1,024 533,232 Expenditures for fixed assets 1,039 2,440 - 3,479 Three months ended December 31, 2015: Parent Ginseng Cosmetics/ Total Revenues $ - $ - $ 1,839 $ 40,121 Net income (loss) (710,040 ) (1,052,462 ) (16,848 ) (1,779,350 ) Other significant items: Depreciation and amortization 431 39,082 270 39,783 Interest expense 115,491 389,513 671 505,675 Expenditures for fixed assets - 7,897 - 7,897 Three months ended December 31, 2014: Parent Ginseng Cosmetics/ Total Revenues $ - $ - $ 146,972 $ 146,972 Net income (loss) (233,764 ) (527,309 ) 14,719 (746,354 ) Other significant items: Depreciation and amortization 291 15,134 200 15,625 Interest expense 12,752 293,736 1,024 307,512 Expenditures for fixed assets 1,039 2,440 - 3,479

PRESENTATION, NATURE OF BUSIN22

PRESENTATION, NATURE OF BUSINESS, AND GOING CONCERN (Policies)	6 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial statements. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. These consolidated financial statements should be read in conjunction with the Company’s annual report on Form 10-K for the year ended June 30, 2015. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary in order to make the consolidated financial statements not misleading have been included. Results for the three and six months ended December 31, 2015, are not necessarily indicative of the results that may be expected for the year ending June 30, 2016.
Nature of Business	Nature of Business China Ginseng Holdings, Inc. and Subsidiaries (the “Company”), was incorporated under the laws of Nevada on June 24, 2004. On November 24, 2004, the Company acquired 55% of Yanbian Huaxing Ginseng Industry Co. Limited (“Yanbian Huaxing”), which is located in China and, is in the business of farming, processing, distribution, and marketing of Asian Ginseng products. In August 2005, the Company acquired the remaining 45% of Yanbian Huaxing. In 2010, the Company ceased marketing ginseng and is presently utilizing the harvest to produce a ginseng beverage. However, it continues to buy ginseng for the resale market. Yanbian Huaxing controls, through 20 year leases granted by the Chinese Government, approximately 1,500 hectares (3,705 acres) of land used to grow ginseng. The Company had no operations prior to November 24, 2004. These leases expire through 2024. During the year ended June 30, 2014, the Forestry Bureau governing one of the farms approximating 700 hectares (1,730 acres) of land leased by Yanbian Huaxing notified the Company that this lease in no longer recognized. As a result, the Company is prevented from developing and planting ginseng in undeveloped areas of the farm. On August 24, 2005, the Company acquired Jilin Ganzhi Ginseng Produce Co. Limited, whose principal business is the manufacture of ginseng drinks. On October 19, 2005, the Company incorporated a new company, Jilin Huamei Beverage Co. Limited (“Jilin Huamei”), which operates as a sales department for the Company’s canned ginseng juice and wine, which are produced by other subsidiaries of the Company. On March 31, 2008 the Company acquired Tonghua Linyuan Grape Planting Co. Limited (“Tonghua Linyuan”) whose principal activity was the growing, cultivation and harvesting of a grape vineyard. The Company produced wine and grape juice using the grapes planted on the land Tonghua Linyuan leased, but in June 2012, the Company decided to abandon the growing and harvesting of grapes due to the poor quality of grape harvests which were not suitable for the production of wine or grape juice. Accordingly, the Company has abandoned the vineyard and also decided not to renew its leases with the Chinese Government. On June 30, 2013, the Company sold the assets and liabilities of Tonghua Linyuan to a third party. On March 2, 2012, the Company approved the incorporation of a new subsidiary, Hong Kong Huaxia International Industrial Co., Limited (“Hong Kong Huaxia”) in Hong Kong in order to sell health and specialized local products. Hong Kong Huaxia was incorporated in Hong Kong on March 18, 2012, and began operations in April 2012. Hong Kong Huaxia has registered 880,000,000 shares of 1 HKD par value per share stock in Hong Kong. None of the $113,443,000 (880,000,000 HKD) registered capital of Hong Kong Huaxia has been funded as of December 31, 2015. On September 27, 2013, the Company established a new wholly owned subsidiary of Hong Kong Huaxia, Jilin Huaxia Ginseng Co., Ltd (“Jilin Huaxia”) in order to open online store through Taobao Marketplace, the biggest online Business to Consumer and Consumer to Consumer platform in Asia, a subsidiary company of Alibaba Group, and to acquire machinery and equipment in China . During the six months ended December 31, 2015, under new management, the Company updated its business plan to include the opening of eye care centers in China. These eye care centers will also resell the Company’s ginseng juice products. Substantially all of the Company’s operations are in the People’s Republic of China and Hong Kong.
Consolidated Financial Statements	Consolidated Financial Statements The consolidated financial statements include the accounts and activities of China Ginseng Holdings, Inc. and its wholly-owned subsidiaries, Yanbian Huaxing Ginseng Co. Limited, Jilin Huamei Beverage Co. Limited, Jilin Ganzhi Ginseng Products Co. Limited and Hong Kong Huaxia International Industrial, Co. Limited and its subsidiary Jilin Huaxia. All intercompany transactions have been eliminated in consolidation.
Reclassifications	Reclassifications Certain reclassifications have been made to the consolidated financial statements for the three and six months ended December 31, 2014 and at June 30, 2015 to make then comparable to the presentation for the three and six months ended December 31, 2015.
Uncertainty in Income Taxes	Uncertainty in Income Taxes The Company’s policy is to recognize interest related to income tax matters as interest expense. The Company’s policy is to recognize penalties related to income tax matters as selling, general and administrative expenses.
Going Concern	Going Concern As indicated in the accompanying financial statements, the Company had net losses of $2,529,973 and $1,317,547 for the six months ended December 31, 2015 and 2014, respectively, and an accumulated deficit of $20,603,802 as of December 31, 2015 and there are existing uncertain conditions the Company foresees relating to its ability to obtain working capital and operate successfully. Management’s plans include the raising of capital through the debt and equity markets to fund future operations and the generating of revenue through its businesses. Failure to raise adequate capital and generate adequate sales revenues could result in the Company having to curtail or cease operations. Additionally, even if the Company does raise sufficient capital to support its operating expenses and generate adequate revenues, there can be no assurances that the revenues will be sufficient to enable it to develop business to a level where it will generate profits and cash flows from operations. These matters raise substantial doubt about the Company’s ability to continue as a going concern. However, the accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. These consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Property and equipment is comprised of the following at: December 31, June 30, 2015 2015 Buildings and improvements $ 1,385,980 $ 1,472,128 Machinery and equipment 358,886 393,100 Motor vehicles 28,716 30,501 Office equipment 34,527 27,895 1,808,109 1,923,624 Less accumulated depreciation (538,461 ) (525,199 ) $ 1,269,648 $ 1,398,425
Schedule of depreciation for property and equipment	Depreciation is recorded in the financial statements as follows: Six Months Ended December 31, 2015 2014 Depreciation Expense $ 53,046 $ 41,338 Capitalized Inventories and Ginseng Crops - 601 $ 53,046 $ 41,939

INVENTORY (Tables)

INVENTORY (Tables)	6 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Schedule of inventory	Inventory is comprised of the following at: December 31, June 30, 2015 2015 Raw materials $ 424,105 $ 126,006 Finished goods 65,129 67,787 Packaging supplies 82,652 87,789 Operating supplies 4,141 4,399 $ 576,027 $ 285,981

GINSENG CROPS (Tables)

GINSENG CROPS (Tables)	6 Months Ended
	Dec. 31, 2015
Agriculture [Abstract]
Schedule of analysis of ginseng crop costs	An analysis of ginseng crop costs for each of the applicable periods is as follows: December 31, June 30, Beginning Crop Costs $ - $ 6,721 Currency Conversion Adjustment to Beginning Balance - - Capitalized Costs During Year: Wages - - Fertilizer - - Field clearing and cultivation - - Farmer lease fee net of management fee - - Labor - - Irrigation - - Depreciation - - Other - - Total Capitalized Costs - - Less: Impairment adjustment - (6,721 ) - Ending Crop Costs - - Less: Current portion - - Non-Current Portion of Crop Costs $ - $ -

PROVISION FOR INCOME TAXES (Tab

PROVISION FOR INCOME TAXES (Tables)	6 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of deferred tax assets	Deferred tax assets consist of the following at: December 31, June 30, 2015 2015 Timing difference related to inventory provisions $ - $ - Net operating losses 3,869,451 3,371,958 Valuation allowance (3,869,451 ) (3,371,958 ) Deferred tax asset $ - $ -
Schedule of net operating loss carry forward	The Company has a net operating loss carry forward as follows: December 31, June 30, 2015 2015 International (China) $ 10,705,356 $ 9,290,901 United States 4,772,449 4,196,931 $ 15,477,805 $ 13,487,832
Schedule of components of income before taxes	The components of income before taxes are as follows: For the Six Months 2015 2014 International (China) $ (1,414,455 ) $ (853,854 ) United States (575,518 ) (463,693 ) $ (1,989,973 ) $ (1,317,547 )
Schedule of effective tax rate reconciliation as a percentage of income before taxes and federal statutory rate	A reconciliation of the Company’s effective tax rate as a percentage of income before taxes and federal statutory rate for the six months ended December 31, 2015 and 2014, respectively, are as follows: For the Six Months 2015 2014 Federal statutory rate (34.0 (34.0)% State income taxes, net of federal benefit 3.3 3.3 Valuation allowance 30.7 30.7 Earnings taxed at other than US statutory rate - - Effective tax rate -% -%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of contractual commitments	The Company has employment agreements with various individuals in China. The following summarizes the contractual commitments under these agreements: December 31, Commitment 2016 $ 24,024 2017 1,540 $ 25,564

OPERATING SEGMENTS (Tables)

OPERATING SEGMENTS (Tables)	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of business segments	Six months ended December 31, 2015: Parent Ginseng Cosmetics/ Total Revenues $ - $ 38,282 $ 23,464 $ 61,746 Net income (loss) (1,115,518 ) (1,420,247 ) 5,792 (2,529,973 ) Total assets 377,359 8,071,280 45,907 8,494,546 Other significant items: Depreciation and amortization 869 51,631 546 53,046 Interest expense 131,642 723,458 1,355 856,455 Expenditures for fixed assets - 7,897 - 7,897 Six months ended December 31, 2014: Parent Ginseng Cosmetics/ Total Revenues $ - $ - $ 152,214 $ 152,214 Net income (loss) (463,693 ) (836,261 ) (17,593 ) (1,317,547 ) Total assets 19,197 8,684,608 329,516 9,033,321 Other significant items: Depreciation and amortization 642 44,893 399 45,934 Interest expense 25,344 506,864 1,024 533,232 Expenditures for fixed assets 1,039 2,440 - 3,479 Three months ended December 31, 2015: Parent Ginseng Cosmetics/ Total Revenues $ - $ - $ 1,839 $ 40,121 Net income (loss) (710,040 ) (1,052,462 ) (16,848 ) (1,779,350 ) Other significant items: Depreciation and amortization 431 39,082 270 39,783 Interest expense 115,491 389,513 671 505,675 Expenditures for fixed assets - 7,897 - 7,897 Three months ended December 31, 2014: Parent Ginseng Cosmetics/ Total Revenues $ - $ - $ 146,972 $ 146,972 Net income (loss) (233,764 ) (527,309 ) 14,719 (746,354 ) Other significant items: Depreciation and amortization 291 15,134 200 15,625 Interest expense 12,752 293,736 1,024 307,512 Expenditures for fixed assets 1,039 2,440 - 3,479

PRESENTATION, NATURE OF BUSIN29

PRESENTATION, NATURE OF BUSINESS, AND GOING CONCERN (Details Narrative)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2015USD ($)aha$ / sharesshares	Dec. 31, 2014USD ($)	Dec. 31, 2015USD ($)aha$ / sharesshares	Dec. 31, 2014USD ($)	Jun. 30, 2014aha	Jun. 30, 2015USD ($)shares	Sep. 27, 2014USD ($)	Aug. 31, 2005	Nov. 24, 2004
Business Acquisition [Line Items]
Registered shares | shares	50,000,000		50,000,000			50,000,000
Net loss	$ (1,779,350)	$ (746,354)	$ (2,529,973)	$ (1,317,547)
Accumulated deficit	20,603,802		20,603,802			$ 18,073,829
Yanbian Huaxing [Member]
Business Acquisition [Line Items]
Percentage of ownership acquired by company									55.00%
Remaining percentage acquired by company								45.00%
Land used to grow ginseng (hectare) | ha					700
Land used to grow ginseng (acres) | a					1,730
Operating leases description					The Company had no operations prior to November 24, 2004.
Description of leases expiration period					These leases expire through 2024.
Hong Kong Huaxia [Member]
Business Acquisition [Line Items]
Registered capital	$ 113,443,000		$ 113,443,000				$ 6,000,000
Registered shares | shares	880,000,000		880,000,000
Registered stock, par value (in dollars per share) | $ / shares	$ 1		$ 1
Chinese Government [Member]
Business Acquisition [Line Items]
Land used to grow ginseng (hectare) | ha	1,500		1,500
Land used to grow ginseng (acres) | a	3,705		3,705
Grant period of lease			20 years

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,808,109	$ 1,923,624
Less accumulated depreciation	(538,461)	(525,199)
Property and equipment, net	1,269,648	1,398,425
Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,385,980	1,472,128
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	358,886	393,100
Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	28,716	30,501
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 34,527	$ 27,895

PROPERTY AND EQUIPMENT (Detai31

PROPERTY AND EQUIPMENT (Details 1) - USD ($)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation Expense	$ 53,046	$ 41,338
Capitalized Inventories and Ginseng Crops		601
Depreciation	$ 53,046	$ 41,939

PROPERTY AND EQUIPMENT (Detai32

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation	$ 53,046	$ 41,939

DEPOSIT FOR EQUIPMENT PURCHASE

DEPOSIT FOR EQUIPMENT PURCHASE (Details Narrative) - Nov. 30, 2013	USD ($)	CNY (¥)
Deposit assets | $	$ 5,618,268
CNY [Member]
Deposit assets | ¥		¥ 36,474,054

INVENTORY (Details)

INVENTORY (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 424,105	$ 126,006
Finished goods	65,129	67,787
Packaging supplies	82,652	87,789
Operating supplies	4,141	4,399
Inventory, net	$ 576,027	$ 285,981

GINSENG CROPS (Details)

GINSENG CROPS (Details) - USD ($)	6 Months Ended	12 Months Ended
	Dec. 31, 2015	Jun. 30, 2015
Agriculture [Abstract]
Beginning Crop Costs		$ 6,721
Currency Conversion Adjustment to Beginning Balance
Capitalized Costs During Year:
Wages
Fertilizer
Field clearing and cultivation
Farmer lease fee net of management fee
Labor
Irrigation
Depreciation
Other
Total Capitalized Costs
Less:
Impairment adjustment		$ (6,721)
Capitalized costs net
Ending Crop Costs
Less: Current portion
Non-Current Portion of Crop Costs

GINSENG CROPS (Details Narrativ

GINSENG CROPS (Details Narrative)	6 Months Ended
	Dec. 31, 2015m²aha	Jun. 30, 2014aha
Growth period before harvest	5 to 6 years
Period for improved harvest and seedling yields	8 years
Land planted (in square meters) | m²	287,984
Chinese Government [Member]
Land used to grow ginseng (hectare) | ha	1,500
Land used to grow ginseng (acres) | a	3,705
Grant period of lease	20 years
Yanbian Huaxing [Member]
Land used to grow ginseng (hectare) | ha		700
Land used to grow ginseng (acres) | a		1,730

AGREEMENTS WITH FARMERS (Detail

AGREEMENTS WITH FARMERS (Details Narrative)	72 Months Ended
	Dec. 31, 2013kg	Dec. 31, 2015USD ($)	Jun. 30, 2015USD ($)
Price for leases of ginseng land	1.50
Management fee paid to farmers	0.50
Production of crop per square meter required in kg's | kg	2
Description of payment condition of the harvested crop to the farmers	If the harvest is below 2kg per square meter, the difference will be deducted from the total payment for Ginseng purchased. If the harvest produces more that 2kg per square meter, the Company pays approximately $3.00 for every extra kilo.
Price per kilo for extra kilo production	3
Long-term payable as a management fee due to the farmers | $		$ 828,096	$ 879,567
CNY [Member]
Price for leases of ginseng land	10
Management fee paid to farmers	4

LOAN PAYABLE TO FINANCIAL INS38

LOAN PAYABLE TO FINANCIAL INSTITUTION (Details Narrative)	Sep. 10, 2011	Oct. 29, 2013	Dec. 31, 2015USD ($)	Jun. 30, 2002CNY (¥)	Jun. 30, 2015USD ($)
Interest rate on loan			3.00%	6.325%
Term of loan	Aug. 12, 2012	Feb. 28, 2014		Apr. 4, 2003
Description of interest payment terms			Interest has been paid on the loan through June 30, 2009 and has been accrued in subsequent periods.
Loan payable to financial institution | $			$ 307,996		$ 327,139
CNY [Member]
Loans Payable | ¥				¥ 2,000,000

LOAN PAYABLE - BUILDING PURCH39

LOAN PAYABLE - BUILDING PURCHASE (Details Narrative)

Sep. 10, 2011CNY (¥)

Oct. 29, 2013

Jun. 30, 2011USD ($)

Jun. 30, 2011CNY (¥)

Dec. 31, 2010USD ($)

Dec. 31, 2010CNY (¥)

Dec. 31, 2015USD ($)

Dec. 31, 2015CNY (¥)

Jun. 30, 2002

Jun. 30, 2015CNY (¥)

Jun. 24, 2011USD ($)

Jun. 24, 2011CNY (¥)

Mar. 02, 2011USD ($)

Mar. 02, 2011CNY (¥)

Purchase price of office and warehouse facilities | $

$ 1,385,980

Amount paid for office and warehouse facilities | $

$ 76,990

Unpaid amount for office and warehouse facilities | $

$ 1,308,981

Loan maturity date

Aug. 12, 2012

Feb. 28, 2014

Apr. 4, 2003

Floating interest rate adjusted upwards description

The interest rate is a floating rate adjusted upwards by 90%.

Central bank rate

4.85%

Variable interest rate

18.43%

Office and warehouse facilities purchase price paid | $

$ 61,599

$ 15,400

Office and warehouse loan to be repay in September 2012 | $

$ 153,998

Office and warehouse loan to be repay on August 29, 2013 | $

153,998

Office and warehouse loan to be repay on December 20, 2013 | $

153,998

Office and warehouse loan to be repay on August 29, 2014 | $

$ 769,988

CNY [Member]

Purchase price of office and warehouse facilities

¥ 9,000,000

Amount paid for office and warehouse facilities

¥ 8,000,000

¥ 500,000

Unpaid amount for office and warehouse facilities

¥ 8,500,000

Remaining loan of office and warehouse facilities

¥ 500,000

Office and warehouse facilities purchase price paid

¥ 400,000

¥ 100,000

Office and warehouse loan to be repay in September 2012

¥ 1,000,000

Office and warehouse loan to be repay on August 29, 2013

1,000,000

Office and warehouse loan to be repay on December 20, 2013

1,000,000

Office and warehouse loan to be repay on August 29, 2014

¥ 5,000,000

LOAN PAYABLE - EQUIPMENT PURC40

LOAN PAYABLE - EQUIPMENT PURCHASE (Details Narrative)	Sep. 10, 2011	Oct. 29, 2013USD ($)	Oct. 29, 2013CNY (¥)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jun. 30, 2002
Payments to acquire machinery and equipment | $		$ 5,616,923
Loan maturity date	Aug. 12, 2012	Feb. 28, 2014	Feb. 28, 2014			Apr. 4, 2003
Interest paid for loan | $		$ 211,606
CNY [Member]
Payments to acquire machinery and equipment | ¥			¥ 36,474,054
Interest paid for loan | ¥			¥ 1,300,000

NOTE PAYABLE - OTHER (Details N

NOTE PAYABLE - OTHER (Details Narrative) - USD ($)	Dec. 31, 2015	Jun. 30, 2015	Jun. 30, 2002
Debt Disclosure [Abstract]
Loan payable - other	$ 3,334,489	$ 3,997,629
Interest rate	3.00%		6.325%

CONVERTIBLE DEBENTURE (Details

CONVERTIBLE DEBENTURE (Details Narrative) - Private Placement [Member] - Series A Convertible Debt [Member]	Jul. 21, 2015USD ($)Number$ / shares
Debt face amount | $	$ 1,600,000
Number of shares issued for debt conversion | Number	4,000,000
Conversion price (in dollars per share) | $ / shares	$ 0.40
Debt maturity term	36 months

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015
Related Party Transactions [Abstract]
Notes payable - related parties	$ 1,689,086		$ 1,593,996
Imputed interest	58,488	$ 48,186
Receivables from related parties	$ 3,601		$ 7,703

PROVISION FOR INCOME TAXES (Det

PROVISION FOR INCOME TAXES (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Timing difference related to inventory provisions
Net operating losses	$ 3,869,451	$ 3,371,958
Valuation allowance	$ (3,869,451)	$ (3,371,958)
Deferred tax asset

PROVISION FOR INCOME TAXES (D45

PROVISION FOR INCOME TAXES (Details 1) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Net operating loss carry forward	$ 15,477,805	$ 13,487,832
China [Member]
Net operating loss carry forward	10,705,356	9,290,901
United States [Member]
Net operating loss carry forward	$ 4,772,449	$ 4,196,931

PROVISION FOR INCOME TAXES (D46

PROVISION FOR INCOME TAXES (Details 2) - USD ($)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income before taxes	$ (1,989,973)	$ (1,317,547)
China [Member]
Income before taxes	(1,414,455)	(853,854)
United States [Member]
Income before taxes	$ (575,518)	$ (463,693)

PROVISION FOR INCOME TAXES (D47

PROVISION FOR INCOME TAXES (Details 3)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Federal statutory rate	(34.00%)	(34.00%)
State income taxes, net of federal benefit	3.30%	3.30%
Valuation allowance	30.70%	30.70%
Earnings taxed at other than US statutory rate
Effective tax rate

PROVISION FOR INCOME TAXES (D48

PROVISION FOR INCOME TAXES (Details Narrative)	6 Months Ended
	Dec. 31, 2015USD ($)
Operating Loss Carryforwards [Line Items]
Interest and penalties related to tax returns	$ 540,000
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Period to carry forward net operating losses	5 years
Operating loss expiration date	Jun. 30, 2013
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Period to carry forward net operating losses	20 years
Operating loss expiration date	Jun. 30, 2027

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details Narrative) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contingent liabilities	$ 483,695	$ 513,760
Tonghua Linyuan [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contingent liabilities	483,695	513,760
Accounts payable and accrued expenses	175,699	186,321
Loan payable	$ 307,996	$ 327,139

COMMITMENTS AND CONTINGENCIES50

COMMITMENTS AND CONTINGENCIES (Details)	Dec. 31, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,016	$ 24,024
2,017	1,540
Total	$ 25,564

COMMITMENTS AND CONTINGENCIES51

COMMITMENTS AND CONTINGENCIES (Details Narrative)	6 Months Ended
	Dec. 31, 2015USD ($)aha	Dec. 31, 2015CNY (¥)	Dec. 31, 2015CNY (¥)aha	Jun. 30, 2014aha
Commitments for the leases	$ 9,289
Yanbian Huaxing [Member]
Land used to grow ginseng (hectare) | ha				700
Land used to grow ginseng (acres) | a				1,730
Chinese Government [Member]
Land used to grow ginseng (hectare) | ha	1,500		1,500
Land used to grow ginseng (acres) | a	3,705		3,705
Grant period of lease	20 years	20 years
Representative [Member]
Expiration of leases	Dec. 31, 2014	Dec. 31, 2014
Term of Lease	15 years	15 years
Annual lease fee	$ 29,600
Land used to grow ginseng (acres) | a	750		750
Refrigeration And Storage [Member]
Annual lease fee	$ 15,500
CNY [Member]
Commitments for the leases	$ 60,322
CNY [Member] | Representative [Member]
Annual lease fee | ¥		¥ 187,500
Corporate Offices [Member]
Expiration of leases	May 21, 2016	May 21, 2016
Term of Lease	1 year	1 year
Commitments for the leases	$ 33,909
Corporate Offices [Member] | CNY [Member]
Commitments for the leases | ¥			¥ 220,190

OPERATING SEGMENTS (Details)

OPERATING SEGMENTS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015
Summary of segments reporting information
Revenues	$ 40,121	$ 146,972	$ 61,746	$ 152,214
Net income (loss)	(1,779,350)	(746,354)	(2,529,973)	(1,317,547)
Total assets	8,494,546	9,033,321	8,494,546	9,033,321	$ 8,344,160
Other significant items:
Depreciation and amortization	39,783	15,625	53,046	45,934
Interest expense	505,675	307,512	856,455	533,232
Expenditures for fixed assets	$ 7,897	$ 3,479	$ 7,897	$ 3,479
Parent Company [Member]
Summary of segments reporting information
Revenues
Net income (loss)	$ (710,040)	$ (233,764)	$ (1,115,518)	$ (463,693)
Total assets	377,359	19,197	377,359	19,197
Other significant items:
Depreciation and amortization	431	291	869	642
Interest expense	$ 115,491	12,752	$ 131,642	25,344
Expenditures for fixed assets		$ 1,039		$ 1,039
Ginseng [Member]
Summary of segments reporting information
Revenues			$ 38,282
Net income (loss)	$ (1,052,462)	$ (527,309)	(1,420,247)	$ (836,261)
Total assets	8,071,280	8,684,608	8,071,280	8,684,608
Other significant items:
Depreciation and amortization	39,082	15,134	51,631	44,893
Interest expense	389,513	293,736	723,458	506,864
Expenditures for fixed assets	7,897	2,440	7,897	2,440
Cosmetics/Supplements [Member]
Summary of segments reporting information
Revenues	1,839	146,972	23,464	152,214
Net income (loss)	(16,848)	14,719	5,792	(17,593)
Total assets	45,907	329,516	45,907	329,516
Other significant items:
Depreciation and amortization	270	200	546	399
Interest expense	$ 671	$ 1,024	$ 1,355	$ 1,024
Expenditures for fixed assets

OPERATING SEGMENTS (Details Nar

OPERATING SEGMENTS (Details Narrative)	6 Months Ended
	Dec. 31, 2015Number
Segment Reporting [Abstract]
Number of operating segments	2