China Advanced Construction Materials (CADC) 10-Q 14 Nov 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 30, 2014	Nov. 10, 2014
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Trading Symbol	'cadc	'
Entity Registrant Name	'China Advanced Construction Materials Group, Inc	'
Entity Central Index Key	'0001392363	'
Current Fiscal Year End Date	'--06-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	1,905,934
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well Known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Jun. 30, 2014
CURRENT ASSETS:	'	'
Cash and cash equivalents	$3,928,959	$15,431,110
Restricted cash	9,343,709	13,413,264
Accounts and notes receivable, net of allowance for doubtful accounts of $29,874,471 and $31,667,803, as of September 30, 2014 and June 30, 2014, respectively	53,189,765	49,367,452
Inventories	1,704,495	1,562,309
Short term investment	10,653,523	14,716,023
Other receivables	4,863,133	4,121,550
Prepayments and advances	39,255,461	35,699,065
Deferred stock-based compensation	589,512	0
Deferred tax assets	2,486,505	2,585,902
Total current assets	126,015,062	136,896,675
OTHER ASSETS:	'	'
PROPERTY PLANT AND EQUIPMENT, net	11,619,495	12,878,263
ADVANCES ON EQUIPMENT PURCHASES, net	2,559,883	2,855,937
Total assets	140,194,440	152,630,875
CURRENT LIABILITIES:	'	'
Short term loans, banks and bank guarantees	36,277,963	54,396,713
Short term loans - other	0	3,250,000
Notes payable	17,143,750	9,750,000
Accounts payable	31,918,782	32,501,363
Customer deposits	1,103,305	1,072,998
Other payables	2,196,388	2,059,739
Other payables - shareholders	964,130	925,385
Accrued liabilities	2,290,852	2,241,208
Capital lease obligations - current	5,122,093	4,659,756
Taxes payable	265,747	192,205
Total current liabilities	97,283,010	111,049,367
OTHER LIABILITIES	'	'
Capital lease obligations - non current	547,185	1,177,586
Total liabilities	97,830,195	112,226,953
COMMITMENTS AND CONTINGENCIES	0	0
SHAREHOLDERS' EQUITY:	'	'
Preferred stock $0.001 par value, 1,000,000 shares authorized, no shares issued or outstanding	0	0
Common stock, $0.001 par value, 74,000,000 shares authorized, 1,904,059 and 1,486,871 shares issued and outstanding as of September 30, 2014 and June 30, 2014, respectively	1,906	1,487
Additional paid-in-capital	37,033,850	35,233,305
Accumulated deficit	-11,149,795	-11,234,705
Statutory reserves	6,248,357	6,248,357
Accumulated other comprehensive income	10,229,927	10,155,478
Total shareholders' equity	42,364,245	40,403,922
Total liabilities and shareholders' equity	$140,194,440	$152,630,875

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Allowance for Doubtful Accounts Receivable, Current	$29,874,471	$31,667,803
Preferred Stock, Par Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value Per Share	$0.00	$0.00
Common Stock, Shares Authorized	74,000,000	74,000,000
Common Stock, Shares, Issued	1,904,059	1,486,871
Common Stock, Shares, Outstanding	1,904,059	1,486,871

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
REVENUE	'	'
Sales of concrete	$20,900,690	$9,721,117
Manufacturing services	313,063	442,303
Total revenue	21,213,753	10,163,420
COST OF REVENUE	'	'
Concrete	19,045,388	8,614,755
Manufacturing services	283,452	411,143
Total cost of revenue	19,328,840	9,025,898
GROSS PROFIT	1,884,913	1,137,522
RECOVERY OF (PROVISION FOR) DOUBTFUL ACCOUNTS	1,027,973	-3,049,421
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	-2,667,304	-2,910,625
RESEARCH AND DEVELOPMENT EXPENSES	-500,167	-203,999
LOSS REALIZED FROM DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT	-80,732	-1,369,461
LOSS FROM OPERATIONS	-335,317	-6,395,984
OTHER (EXPENSE) INCOME, NET	'	'
Subsidy income	645,805	609,805
Non-operating (income) expense, net	-118,764	132,246
Interest income	703,509	346,253
Interest expense	-473,659	-527,704
TOTAL OTHER INCOME, NET	756,891	560,600
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	421,574	-5,835,384
PROVISION FOR INCOME TAXES	-336,664	0
NET INCOME (LOSS)	84,910	-5,835,384
COMPREHENSIVE INCOME (LOSS):	'	'
Net income (loss)	84,910	-5,835,384
Foreign currency translation adjustment	74,449	439,008
COMPREHENSIVE INCOME (LOSS)	$159,359	($5,396,376)
Weighted average number of shares:	'	'
Basic	1,591,188	1,486,871
Diluted	1,625,427	1,486,871
Earnings (loss) per share:	'	'
Diluted	$0.05	($3.92)
Basic	$0.05	($3.92)

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income (loss)	$84,910	($5,835,384)
Adjustments to reconcile net income (loss) to cash used in operating activities:	'	'
Depreciation	561,922	485,839
Stock-based compensation expense	43,900	0
Deferred tax provision	99,275	0
(Recovery of) provision for doubtful accounts	-1,027,973	3,049,421
Loss realized from disposal of property, plant and equipment	80,732	1,369,461
Imputed interest on other receivable from termination of leases	0	-199,273
Changes in operating assets and liabilities	'	'
Accounts and notes receivable	-2,026,485	4,775,458
Inventories	-142,011	121,963
Other receivables	-453,437	198,959
Other receivable from termination of lease	0	1,459,800
Prepayments and advances	-3,574,741	-6,056,971
Accounts payable	-669,926	-2,859,788
Customer deposits	30,270	-76,194
Other payables	136,481	846,094
Accrued liabilities	49,583	-104,676
Taxes payable	73,452	-80,697
Net cash used in operating activities	-6,734,048	-2,905,988
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Redemption (acquisition) of short-term investments, net	4,057,500	-5,833,799
Purchase of property, plant and equipment	-29,344	-57,684
Net cash provided by (used in) investing activities	4,028,156	-5,891,483
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Proceeds from short term loans and bank guarantees	9,575,700	22,789,100
Payments of short term loans and bank guarantees	-27,672,150	-7,299,000
Payments of short term loan - other	-3,246,000	0
Proceeds from notes payable	17,122,650	3,244,000
Payments of notes payable	-9,738,000	0
Rent payable to shareholder	38,745	0
Principal payments on capital lease obligations	-167,857	-587,494
Restricted cash	4,064,546	-6,400,271
Proceeds from issuance of common stock	1,167,552	0
Net cash (used in) provided by financing activities	-8,854,814	11,746,335
EFFECTS OF EXCHANGE RATE CHANGE IN CASH	58,555	39,444
NET CHANGE IN CASH	-11,502,151	2,988,308
CASH AND CASH EQUIVALENTS, beginning of period	15,431,110	3,949,939
CASH AND CASH EQUIVALENTS, end of period	$3,928,959	$6,938,247

Organization_and_description_o

Organization and description of business	3 Months Ended
	Sep. 30, 2014
Organization and description of business [Text Block]	'
	Note 1 – Organization and description of business
	China Advanced Construction Materials Group, Inc. (“CADC Delaware”) was incorporated in the State of Delaware on February 15, 2007. CADC Delaware through its 100% owned subsidiaries and its variable interest entities (“VIEs”), is engaged in producing general ready-mix concrete, customized mechanical refining concrete, and other concrete-related products that are mainly sold in the People’s Republic of China (“PRC”). CADC Delaware has a wholly-owned subsidiary in the British Virgin Islands, Xin Ao Construction Materials, Inc. (“BVI-ACM”), which is a holding company with no operations. BVI-ACM has a wholly-owned foreign enterprise, Beijing Ao Hang Construction Material Technology Co., Ltd. (“China-ACMH”), and China-ACMH has contractual agreements with an entity which is considered as a VIE.
	Beijing XinAo Concrete Group (“Xin Ao”), our VIE, is engaged in the business of consulting, concrete mixing and equipment rental services. Xin Ao has five wholly-owned subsidiaries in the PRC: (1) Beijing Heng Yuan Zheng Ke Technical Consulting Co., Ltd (“Heng Yuan Zheng Ke”), (2) Beijing Hong Sheng An Construction Materials Co., Ltd (“Hong Sheng An”), (3) Beijing Heng Tai Hong Sheng Construction Materials Co., Ltd (“Heng Tai”), (4) Da Tong Ao Hang Wei Ye Machinery, Equipment Rental Co., Ltd (“Da Tong”) and (5) Luan Xian Heng Xin Technology Co., Ltd (Heng Xin).
	On August 1, 2013, CADC Delaware consummated a reincorporation merger with its newly formed wholly-owned subsidiary, China Advanced Construction Materials Group, Inc. (“China ACM”), a Nevada corporation, with CADC Delaware merging into China ACM and China ACM being the surviving company, for the purpose of changing CADC Delaware’s state of incorporation from Delaware to Nevada. China ACM, BVI-ACM, China-ACMH and VIEs are collectively referred to as the Company.

Summary_of_significant_account

Summary of significant accounting policies	3 Months Ended
	Sep. 30, 2014
Summary of significant accounting policies [Text Block]	'
	Note 2 – Summary of significant accounting policies
	Basis of presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”). The financial statements include the accounts of all directly, indirectly owned subsidiaries and variable interest entities listed below. All material intercompany transactions and balances have been eliminated in consolidation. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, considered necessary to give a fair presentation have been included. Interim results are not necessarily indicative of results of a full year. The information in this Form 10-Q should be read in conjunction with information included in the 2014 annual report in the Form 10-K filed with the SEC on September 23, 2014.
	Principles of consolidation
	The unaudited consolidated financial statements reflect the activities of the following subsidiaries and VIEs. All material intercompany transactions have been eliminated.
					Ownership
	Subsidiaries and VIEs		Place incorporated		percentage
	BVI-ACM		British Virgin Island		100%
	China-ACMH		Beijing, China		100%
	Xin Ao		Beijing, China		VIE
	Heng Yuan Zheng Ke		Beijing, China		VIE
	Hong Sheng An		Beijing, China		VIE
	Heng Tai		Beijing, China		VIE
	Da Tong		Datong, China		VIE
	Heng Xin		Luanxian, China		VIE
	VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision making ability. All VIEs with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIE for financial reporting purposes.
	Management makes ongoing assessments of whether China ACM is the primary beneficiary of Xin Ao and its subsidiaries. Based upon a series of contractual arrangements, the Company determined that Xin Ao and its subsidiaries are VIEs subject to consolidation and that China ACM is the primary beneficiary. Accordingly, the accounts of Xin Ao and its subsidiaries are consolidated with those of China ACM.
	The carrying amount of the VIEs’ assets and liabilities are as follows:
			September 30,			June 30,
			2014			2014
	Current assets	$	125,210,402		$	136,681,518
	Property, plant and equipment		11,616,192			12,874,414
	Other noncurrent assets		487,500			487,500
	Total assets		137,314,094			150,043,432
	Liabilities		(96,630,949	)		(111,066,630	)
	Intercompany payables*		(8,581,948	)		(7,397,342	)
	Total liabilities		(105,212,897	)		(118,463,972	)
	Net assets	$	32,101,197		$	31,579,460
	* Payables to China - ACMH and BVI-ACM are eliminated upon consolidation.
	Use of estimates and assumptions
	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. The significant estimates and assumptions made in the preparation of the Company’s consolidated financial statements include deferred income taxes, allowance for doubtful accounts, allowance for inventory valuation, the fair value and useful lives of property, plant and equipment. Actual results could be materially different from those estimates, upon which the carrying values were based.
	Foreign currency translation
	The reporting currency of the Company is the U.S. dollar. The functional currency of China ACM and BVI-ACM is the U.S. dollar. China-ACMH and its VIEs use their local currency Chinese Renminbi (“RMB”) as their functional currency. In accordance with the US GAAP guidance on Foreign Currency Translation, the Company’s results of operations and cash flows are translated at the average exchange rates during the period, assets and liabilities are translated at the exchange rates at the balance sheet dates, and equity is translated at historical exchange rates. As a result, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets.
	Asset and liability accounts at September 30, 2014 and June 30, 2014, were translated at RMB6.15 to $1.00. The average translation rates applied to the consolidated statements of operations and comprehensive income (loss) and cash flows for the three months ended September 30, 2014 and 2013 were RMB6.16 and RMB6.17 to $1.00, respectively.
	Translation gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations. The effects of foreign currency translation adjustments are included in stockholders’ equity as a component of accumulated other comprehensive income.
	Revenue recognition
	Revenue is realized or realizable and earned when four criteria are met:
	•      Persuasive evidence of an arrangement exists (the Company considers its sales contracts and technical service agreements to be pervasive evidence of an arrangement);
	•      Delivery has occurred or services have been rendered;
	•      The seller’s price to the buyer is fixed or determinable; and
	•      Collectability of payment is reasonably assured.
	The Company sells its concrete products and provides concrete technical services primarily to major local construction companies. Sales agreements are signed with each customer. The agreements list all terms and conditions with the exception of delivery date and quantity, which are evidenced separately in purchase orders. The purchase price of products is fixed in the agreement and customers are not permitted to renegotiate after the contracts have been signed. The agreements include a cancellation clause if the Company or customers breach the contract terms specified in the agreement.
	The Company recognizes revenue when title and ownership of the goods are transferred upon shipment to the customer or services are provided by the Company.
	Revenue represents the invoiced value of goods, net of a value added tax (“VAT”). All of the Company’s concrete products that are sold in the PRC are subject to a Chinese VAT at the rate of 6% of the gross sales price. On July 1, 2014, the standard VAT rate for concrete products decreased to 3% of the gross sales price. Since the Company uses recycled raw materials to manufacture its products, the State Administration of Taxation has granted the Company a VAT exemption through June 2015.
	The Company includes the shipping and handling fee in both revenue and cost of revenue.
	Financial instruments
	The US GAAP accounting standards regarding fair value of financial instruments and related fair value measurements define fair value, establish a three-level valuation hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
	The three levels of inputs are defined as follows:
	Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
	Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
	Level 3 inputs to the valuation methodology are unobservable.
	Cash, restricted cash, investments, accounts receivable, other assets, short term loans, accounts payable, and accrued expenses and current capital lease obligations qualify as financial instruments, and their carrying amounts are reported in the unaudited condensed consolidated balance sheets at face value or cost, which approximate fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest.
	The fair value of long-term capital lease obligations approximate their fair value as interest rates approximate the market rate. The Company’s advances on equipment purchases were recorded at fair value on a nonrecurring basis and assessed for impairment for the advances on equipment purchases using Level 3 inputs. The Level 3 inputs used were management’s projected cash flows.
	Stock-based compensation
	The Company records stock-based compensation expense at fair value on the grant date and recognize the expense over the employee's requisite service period. Unrecognized expense is deferred and included in the unaudited condensed consolidated balance sheets, and amortized over the remaining requisite service period. The Company’s expected volatility assumption is based on the historical volatility of Company’s stock or the expected volatility of similar entities. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The expected dividend yield is based on the Company’s current and expected dividend policy.
	Cash and cash equivalents
	The Company considers all highly liquid investments with the original maturity of three months or less at the date of purchase to be cash equivalents. The Company currently maintains substantially all of its day-to-day operating cash balances with major financial institutions within PRC and US. As of September 30, 2014 and June 30, 2014, the Company had deposits in excess of federally insured limits totaling approximately $3.7 million and $15.3 million, respectively.
	Restricted cash
	As of September 30, 2014 and June 30, 2014, restricted cash consists of collateral totaling $9.3 million and $13.4 million, respectively, representing cash deposits for short term loans, bank guarantees and notes payable.
	Accounts receivable
	During the normal course of business, the Company extends unsecured credit to its customers. Accounts are considered past due after 30 days. In establishing the required allowance for doubtful accounts, management considers the historical experience, the economy, trends in the construction industry, the expected collectability of the amount receivable that is past due and the expected collectability of the overdue receivable. Management reviews its accounts receivable each reporting period to determine if the allowance for doubtful accounts is adequate. An estimate for doubtful accounts is recorded when collection of the full amount is no longer probable. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovering is considered remote. There were no write offs of account balances against the allowance for the three months ended September 30, 2014 and 2013.
	Other receivables
	Other receivables primarily include advances to employees, due from unrelated entities, receivables from an insurance company, VAT tax refunds and other deposits. Management regularly reviews the aging of receivables and changes in payment trends and records allowance when management believes collection of amounts due are at risk. Accounts considered uncollectible are written off after exhaustive efforts at collection are made. The allowance for other receivables was approximately $3.3 million and $2.8 million at September 30, 2014 and June 30, 2014, respectively.
Inventories
Inventories consist of raw materials and are stated at the lower of cost or market, as determined using the weighted average cost method. Management compares the cost of inventories with the market value and an allowance is made for writing down the inventory to its market value, if lower than cost. As of September 30, 2014 and June 30, 2014, the Company determined that no reserves for obsolescence were necessary.
Short term investments
The Company has two investment agreements of up to RMB200 million ($32.4 million) with a financial investment company, entered during May 2013 and October 2013, respectively, for maximum periods from eighteen months to two years. The Company can redeem the investment at any time within the agreed period upon 30 -day notice. The financial investment company invests the Company’s funds in certain financial instruments including bonds, mortgage trust or mutual funds. The rates of return on these investments were guaranteed to be no less than 7% per annum, and investments over RMB100 million to be no less than 10%. The Company’s investment is not subject to market fluctuation; therefore, the Company did not experience gain or loss on its investment. However, the Company’s funds deposited with the financial investment company are not insured.
Prepayments and advances, and advances on equipment purchases, net
The Company advances monies to certain suppliers for raw materials, plant and equipment, and factory rent. These advances are interest free and unsecured. For each of the three months ended September 30, 2014 and 2013, the Company recorded a bad debt allowance for advances on equipment purchases for approximately $0.3 million.
Property, plant and equipment
Property, plant and equipment are stated at cost. Expenditures for maintenance and repairs are charged to operations as incurred while additions, renewals and improvements are capitalized. Depreciation is provided over the estimated useful life of each class of depreciable assets and is computed using the straight-line method with 5% residual value. Leasehold improvements are amortized over the lesser of estimated useful lives or lease terms, as appropriate.
The estimated useful lives of assets are as follows:
	Useful life
Transportation equipment	7 - 10 years
Plant and machinery	10 years
Office equipment	5 years
Buildings and improvements	3 - 20 years
Accounting for long-lived assets
The Company classifies its long-lived assets into: (i) machinery and equipment; (ii) transportation equipment, (iii) office and equipment; and (iv) buildings and improvements.
Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be fully recoverable. It is possible that these assets could become impaired as a result of technology or other industry changes. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary.
The Company makes various assumptions and estimates regarding estimated future cash flows and other factors in determining the fair values of the respective assets. The Company uses set criteria that are reviewed and approved by various levels of management, and estimates the fair value of the asset or asset group by using discounted cash flow analyses. If these estimates or their related assumptions change in the future, it is required to record impairment charges for the underlying assets at such time. Any such resulting impairment charges could be material to our results of operations.
If the value of an asset is determined to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or the fair value, less disposition costs. There was no impairment charge for three months ended September 30, 2014 and 2013.
Competitive pricing pressure and changes in interest rates could materially and adversely affect our estimates of future net cash flows to be generated by the long-lived assets, and thus could result in future impairment losses.
Income taxes
The Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires the Company to use the assets and liability method of accounting for income taxes. Under the assets and liability method, deferred income taxes are recognized for the tax consequences of temporary differences by applying enacted statutory tax rates applicable to future years to differences between financial statement carrying amounts and the tax bases of existing assets and liabilities and operating loss and tax credit carry forward. Under this accounting standard, the effect on deferred income taxes of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all of, a deferred tax asset will not be realized.
ASC 740-10, Accounting for Uncertainty in Income Taxes, defines uncertainty in income taxes and the evaluation of a tax position as a two-step process. The first step is to determine whether it is more likely than not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigation based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position is measured at the largest amount of benefit that is greater than 50 percent likelihood of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent period in which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized in the first subsequent financial reporting period in which the threshold is no longer met.
Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred.
United States federal, state and local income tax returns prior to 2011 are not subject to examination by any applicable tax authorities.
Value Added Tax
Enterprises or individuals, who sell commodities, engage in repair and maintenance, or import and export goods in the PRC are subject to a value added tax. The standard VAT rate is 6% of gross sales for the Company’s industry. A credit is available whereby VAT paid on the purchases of raw materials used in the production of the Company’s finished products can be used to offset the VAT due on sales of finished products. Since the Company uses recycled raw materials to manufacture its products, the State Administration of Taxation has granted the Company a VAT exemption through June 2015.
Research and development, advertising and repair and maintenance
Research and development, advertising and repair and maintenance costs are expensed as incurred. The cost of materials and equipment that are acquired or constructed for research and development activities, and have alternative future uses, either in research and development, marketing, or sales, are classified as property and equipment, and depreciated over their estimated useful lives. Research and development costs for the three months ended September 30, 2014 and 2013 were approximately $0.5 million and $0.2 million, respectively. Advertising costs for the three months ended September 30, 2014 and 2013 were approximately $51,000 and $3,000, respectively. Repair and maintenance costs for the three months ended September 30, 2014 and 2013 were approximately $0.1 million and $0.03 million, respectively.
Earnings (loss) per share
The Company reports earnings (loss) per share in accordance with the US GAAP, which requires presentation of basic and diluted earnings (loss) per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings (loss) per share excludes dilution and is computed by dividing income (loss) available to common shareholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts, such as warrants, options, restricted stock based grants and convertible preferred stock, to issue common stock were exercised and converted into common stock. Common stock equivalents having an anti-dilutive effect on earnings per share are excluded from the calculation of diluted earnings per share. Diluted loss per share is the same as basic loss per share since the addition of any contingently issuable shares would be anti-dilutive.
ASC 260-10-55 requires that stock dividends or stock splits be accounted for retroactively if the stock dividends or stock splits occur during the period, or retroactively if the stock dividends or stock splits occur after the end of the period but before the release of the financial statements, by considering it outstanding of the entirety of each period presented. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.
Comprehensive income
Comprehensive income consists of net income and foreign currency translation adjustments.
Reclassifications
Certain amounts from prior period have been reclassified to conform to the current period’s presentation. The reclassification did not have any impact on the consolidated statements of operations and comprehensive loss.
Recent Accounting Pronouncements
In June 2014, the FASB issued ASU No. 2014-12, Compensation-Stock Compensation: Topic 718. This amendment requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. This ASU is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The Company does not expect the adoption of this guidance will have a significant impact on the Company’s consolidated financial statements.
In August 2014, FASB issued ASU No. 2014-15, Preparation of Financial Statements - Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. Under generally accepted accounting principles (GAAP), continuation of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity's liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern basis of accounting. If and when an entity's liquidation becomes imminent, financial statements should be prepared under the liquidation basis of accounting in accordance with Subtopic 205-30, Presentation of Financial Statements-Liquidation Basis of Accounting. Even when an entity's liquidation is not imminent, there may be conditions or events that raise substantial doubt about the entity's ability to continue as a going concern. In those situations, financial statements should continue to be prepared under the going concern basis of accounting, but the amendments in this Update should be followed to determine whether to disclose information about the relevant conditions and events. The amendments in this Accounting Standards Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company does not expect the adoption of ASU 2014-15 to have material impact on the Company’s consolidated financial statement.

Supplemental_disclosure_of_cas

Supplemental disclosure of cash flow information	3 Months Ended
	Sep. 30, 2014
Supplemental disclosure of cash flow information [Text Block]	'
	Note 3 – Supplemental disclosure of cash flow information
	For each of the three months ended September 30, 2014 and 2013, the Company paid interest in the amounts of approximately $0.5 million.
	Cash payments for income tax for the three months ended September 30, 2014 and 2013 were $0.2 million and $0.5 million, respectively.
	Non-cash investing and financing activities
	The Company had receivables of approximately $0.8 million as a result of disposal of property, plant and equipment during the three months ended September 30, 2014. The Company offset prepayments with addition of property, plant and equipment for approximately $0.1 million during the three months ended September 30, 2014.
	For the three months ended September 30, 2013, the Company acquired property, plant and equipment under capital lease agreements for approximately $3.6 million (See note 6).
	For the three months ended September 30, 2013, the Company had other payables of approximately $0.03 million as a result of purchases of property, plant and equipment that had not been paid for yet. The Company had other receivables of approximately $0.9 million as a result of disposal of property, plant and equipment during the three months ended September 30, 2013. The Company offset other payables from acquisitions of property, plant and equipment of approximately $0.4 million with other receivables from termination of leases with during the three months ended September 30, 2013. The Company offset prepayments with addition of property, plant and equipment for approximately $1.2 million during the three months ended September 30, 2013.

Accounts_and_notes_receivable

Accounts and notes receivable	3 Months Ended
	Sep. 30, 2014
Accounts and notes receivable [Text Block]	'
	Note 4 – Accounts and notes receivable
	Accounts and notes receivable are generated from concrete products sold to the Company’s customers and other concrete companies with which the Company conducts business. The payment terms are defined in the respective contracts. Notes receivable represents trade accounts receivable due from various customers where the customers' banks have guaranteed the payment. The notes are non-interest bearing and normally paid within three to six months. The Company has the ability to submit requests for payment to the customer's bank earlier than the scheduled payment date, but will incur an interest charge and a processing fee.
	The Company’s estimates of its allowance for doubtful accounts as of September 30, 2014 and June 30, 2014 were as follows: 15% for accounts receivable past due more than 180 days but less than one year, 60% for accounts receivable past due from one to two years, and 75% for accounts receivable past due beyond two years, plus any additional amounts as necessary. The allowance for doubtful accounts was approximately $29.9 million and $31.7 million at September 30, 2014 and June 30, 2014, respectively.
	Accounts and notes receivable and allowance for doubtful accounts consisted of the following:
			September 30,			June 30,
			2014			2014
	Accounts receivable	$	82,869,236		$	80,662,464
	Notes receivable		195,000			372,791
			83,064,236			81,035,255
	Less: Allowance for doubtful accounts		(29,874,471	)		(31,667,803	)
	Total accounts and notes receivable, net	$	53,189,765		$	49,367,452

Other_receivables

Other receivables	3 Months Ended
	Sep. 30, 2014
Other receivables [Text Block]	'
	Note 5 – Other receivables
	Other receivables and allowance for doubtful accounts consisted of the following:
			September 30,			June 30,
			2014			2014
	Other receivables, current	$	8,142,058		$	6,932,437
	Less: Allowance for doubtful accounts, current		(3,278,925	)		(2,810,887	)
	Other receivables - current, net	$	4,863,133		$	4,121,550

Property_plant_and_equipment

Property, plant and equipment	3 Months Ended
	Sep. 30, 2014
Property, plant and equipment [Text Block]	'
	Note 6 – Property, plant and equipment
	Property, plant and equipment consist of the following:
			September 30,			June 30,
			2014			2014
	Machinery and equipment	$	2,345,097		$	4,158,656
	Transportation equipment		1,060,935			1,095,548
	Leased equipment (A)		11,204,700			11,204,700
	Office equipment		1,330,046			1,310,508
	Buildings and improvements		354,990			299,074
	Total		16,295,768			18,068,486
	Less: Accumulated depreciation		(4,676,273	)		(5,190,223	)
	Plant and equipment, net	$	11,619,495		$	12,878,263
	Depreciation expense for the three months ended September 30, 2014 and 2013 amounted to approximately $0.6 million and $0.5 million, respectively. Depreciation expense for the leased equipment was $0.4 million and $0.2 million for the three months ended September 30, 2014 and 2013, respectively. Accumulated depreciation for the leased equipment as of September 30, 2014 and June 30, 2014 was $2.1 million and $1.7 million, respectively.

Prepayments_and_advances

Prepayments and advances	3 Months Ended
	Sep. 30, 2014
Prepayments and advances [Text Block]	'
	Note 7 – Prepayments and advances
	Prepayments consisted of the following:
			September 30,		June 30,
			2014		2014
	Advances on inventory purchases	$	39,255,461	$	35,373,493
	Rent prepayments (see Note 15)		-		325,572
	Total prepayments and advances	$	39,255,461	$	35,699,065

Short_term_loans_banks_Bank_gu

Short term loans, banks, Bank guarantees and Notes payable	3 Months Ended
	Sep. 30, 2014
Short term loans, banks, Bank guarantees and Notes payable [Text Block]	'
	Note 8 – Short term loans - banks, Bank guarantees, Short term loans - other, and Notes payable
	Short term loans - banks:
	The outstanding balances on these loans consisted of the following:
			September 30,		June 30,
			2014		2014
	Loan from Shanghai Pudong Development Bank, interest rate at 7.2% per annum, due January 2015, originally due November and December 2013, guaranteed by Beijing Jinshengding Mineral Products Co., LTD	$	4,875,000	$	10,968,750
	Loan from Construction Bank, interest rate at 6.00% per annum, originally due November 14, 2013; renewed for another year and due November 14, 2014, guaranteed by Beijing Jinshengding Mineral Products Co., LTD, and Mr. Han Xianfu.		5,687,500		5,687,500
	Loan from Beijing Bank, interest rate at 7.2% per annum, originally due March 29, 2014; renewed for another year and due March 21, 2015, guaranteed by Beijing Jinshengding Mineral Products Co., LTD.		4,875,000		4,875,000
	Loan from Hana Bank, repaid in full in September 2014		-		6,500,000
	Loan from Citic Bank, interest rate at 7.80% per annum, due August 25, 2015; originally due and paid on August 4, 2014; guaranteed by Jinshengding Mineral Products Co., LTD, Mr. Han Xianfu and Mr. He Weili		3,250,000		3,250,000
		$	18,687,500	$	31,281,250
	The above guarantors are various suppliers to the Company. Mr. Xianfu Han and Mr. Weili He are the Company’s Chief Executive Officer and interim Chief Financial Officer, respectively. Also see Note 10 – Related party transactions.
	Interest expense on short term loans - bank for each of the three months ended September 30, 2014 and 2013 amounted to approximately $0.4 million.
	Bank guarantees:
	Bank guarantees represent amounts due to issuing banks after beneficiary vendors completed shipments and presented the letters of credit to advising banks. Bank guarantees are non-interest bearing and due within six months. The outstanding balances on these bank guarantees consisted of the following:
			September 30,		June 30,
			2014		2014
	Bank guarantees due to Construction Bank, various due dates from October 2014 to February 2015, originally due from July to December 2014, guaranteed by Beijing Jinshengding Mineral Products Co., LTD, and Mr. Han Xianfu, a related party. *	$	17,590,463	$	23,115,463
	* On October 30 and November 3, 2014, $4.9 million in total was repaid.
	As of September 30, 2014 and June 30, 2014, the Company had restricted cash for short-term loans and bank guarantees of approximately $5.8 million and $10.5 million, respectively.
	Short term loans - other:
	The outstanding balance consisted of the following:
			September 30,		June 30,
			2014		2014
	Short term loans due to unrelated third-party individual, repaid in full on August 28, 2014	$	-	$	3,250,000
	Notes payable:
	Bank notes are issued to a third party for inventory purchases. The notes payable were approximately $17.1 million (RMB105 million) and $9.8 million (RMB60 million) as of September 30, 2014 and June 30, 2014, respectively, and were non-interest bearing with expiration dates between February and March, 2015. The restricted cash for the notes was approximately $3.6 million and $2.9 million as of September 30, 2014 and June 30, 2014, respectively.

Capital_lease_obligations

Capital lease obligations	3 Months Ended
	Sep. 30, 2014
Capital lease obligations [Text Block]	'
	Note 9 – Capital lease obligations
	Capital lease obligations consist of the following:
			September 30,			June 30,
			2014			2014
	Lease obligations for concrete pump trucks expiring in January 2016, lease payment at $184,000 per month with interest at 7.68% per annum	$	4,709,627		$	4,790,877
	Lease obligations for concrete mixer trucks expiring September 2015, lease payment at $32,000 per month with interest at 7.98% per annum		378,880			473,600
	Lease obligations for concrete mixer trucks expiring in May 2014, lease payment at $155,000 per month with interest at 7.28% per annum		606,052			606,052
	Lease obligations for concrete pump trucks expiring in January 2015, lease payment at $33,000 per month with interest at 6.76% per annum		127,836			187,801
	Total		5,822,395			6,058,330
	Less: Deferred interest		(153,117	)		(220,988	)
			5,669,278			5,837,342
	Less: Capital lease obligations - current		(5,122,093	)		(4,659,756	)
	Capital lease obligations - non current	$	547,185		$	1,177,586
	Interest expense on capital lease obligations for each of the three months ended September 30, 2014 and 2013 was approximately $0.1 million.
	Future annual capital lease payments approximately consist of the following:
	Twelve months ending September 30,			Amount
	2015		$	5,268,000
	2016			554,000
			$	5,822,000

Related_party_transactions

Related party transactions	3 Months Ended
	Sep. 30, 2014
Related party transactions [Text Block]	'
	Note 10 – Related party transactions
	Other payables – shareholders
	Two shareholders advanced funds to BVI-ACM, for working capital purposes. The advances are non-interest bearing, unsecured, and are payable in cash on demand. These two shareholders and officers of the Company also guaranteed some of the Company’s short-term loans payable to banks (see Note 8).
	Other payables - shareholders consist of the following:
			September 30,		June 30,
			2014		2014
	Xianfu Han, shareholder	$	450,540	$	450,540
	Weili He, shareholder		513,590		474,845
		$	964,130	$	925,385

Income_taxes

Income taxes	3 Months Ended
	Sep. 30, 2014
Income taxes [Text Block]	'
	Note 11 – Income taxes
	(a) Corporate income tax
	China ACM was organized in the United States. China ACM had no taxable income for United States income tax purposes for the three months ended September 30, 2014. As of September 30, 2014, China ACM’s net operating loss carry forward for United States income taxes was approximately $1.5 million. The net operating loss carry forwards are available to reduce future years’ taxable income through year 2033. Management believes that the realization of the benefits from these losses appears uncertain due to the Company’s operating history and continued losses in the United States. Accordingly, the Company has provided a 100% valuation allowance on the deferred tax asset to reduce the asset to zero. There was no change in the valuation allowance for deferred tax assets for the three months ended September 30, 2014 and 2013. Management reviews this valuation allowance periodically and makes adjustments accordingly.
	BVI-ACM was incorporated in the British Virgin Islands (“BVI”) and is not subject to income taxes under the current laws of the BVI.
	China-ACMH and VIEs-Chinese operations
	All of the Company’s income is generated in the PRC, through VIEs. The Company's VIE entities had undistributed earnings of approximately $1.8 million as of September 30, 2014 and cumulative loss of approximately $1.5 million as of June 30, 2014, included in consolidated retained earnings. Accordingly, no provision has been made for U.S. deferred taxes related to future repatriation of these earnings.
	China-ACMH and VIEs are governed by the income tax laws of the PRC and the income tax provision in respect to operations in the PRC is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof. Under the Chinese Enterprise Income Tax (“EIT”) law, the statutory corporate income tax rate applicable to most companies is 25%. In 2009, Xin Ao applied and received an Enterprise High-Tech Certificate. The certificate was awarded based on Xin Ao’s involvement in producing high-tech products, its research and development, as well as its technical services. As granted by the State Administration of Taxation of the PRC, Xin Ao is entitled to a reduction in its income tax rate from 25% to 15% until June 12, 2015.
	In accordance with the EIT Law, enterprises established under the laws of foreign countries or regions and whose “place of effective management” is located within the PRC territory are considered PRC resident enterprises and are subject to the PRC income tax at the rate of 25% on their worldwide income. The definition of “place of effective management” refers to an establishment that exercises, in substance, and among other items, overall management and control over the production and business, personnel, accounting, and properties of an enterprise. No detailed interpretation of guidance has been issued to define “place of effective management”. Furthermore, the administrative practice associated with interpreting and applying the concept of “place of effective management” is unclear. If the Company’s non-PRC incorporated entities are deemed PRC tax residents, such entities would be subject to PRC tax under the EIT Law. The Company has analyzed the applicability of this law, and for each of the applicable periods presented, the Company has not accrued for PRC tax on such basis. The Company continues to monitor changes in the interpretation and/or guidance of this law.
	The EIT Law also imposes a 10% withholding income tax, subject to reduction based on tax treaties where applicable, for dividends distributed by a foreign invested enterprise to its immediate holding company outside China. Such dividends were exempted from PRC tax under the previous income tax law and regulations. The Company intends to permanently reinvest undistributed earnings of its Chinese operations located in the PRC. As a result, there is no deferred tax expense related to withholding tax on the future repatriation of these earnings.
	Income (loss) before provision for income taxes consisted of:
			Three months ended
			September 30,
			2014			2013
	USA and BVI	$	(135,070	)	$	(33,302	)
	China		556,644			(5,802,082	)
		$	421,574		$	(5,835,384	)
	Provision for income taxes consisted of:
			Three months ended
			September 30,
			2014			2013
	Current provision:
	USA	$	-		$	-
	China		(237,389	)		-
	Total current provision		(237,389	)		-
	Deferred provision:
	USA		-			-
	China		(99,275	)		-
	Total deferred provision		(99,275	)		-
	Total provision for income taxes	$	(336,664	)	$	-
	Significant components of deferred tax assets were as follows:
			September 30,			June 30,
			2014			2014
	Deferred tax assets - current
	Allowance for doubtful accounts	$	4,973,010		$	5,171,804
	Valuation allowance		(2,486,505	)		(2,585,902	)
	Total deferred tax assets - current	$	2,486,505		$	2,585,902
	Deferred tax assets - non-current
	Net operating loss carryforward in the U.S.	$	506,644		$	506,644
	Impairment loss of long-lived assets		-			244,931
			506,644			751,575
	Valuation allowance		(506,644	)		(751,575	)
	Total deferred tax assets - non-current	$	-		$	-
	As of September 30, 2014 and June 30, 2014, the Company believes it is more likely than not that its China operations will be unable to generate sufficient future pre-tax income to fully realize its deferred tax assets. As such, as of September 30, 2014, the Company provided approximately $2.5 million of valuation allowance to the deferred tax assets related to its China operations, all of which was against deferred tax assets – current related to its allowance for doubtful accounts, as management estimates that certain bad debts may not be deductible against future pre-tax income by the Chinese tax authorities. As of June 30, 2014, the Company provided approximately $2.8 million of valuation allowance to the deferred tax assets related to its China operations, of which $2.6 million against deferred tax assets – current related to its allowance for doubtful accounts, and $0.2 million against deferred tax assets – noncurrent related to impairment loss of long-lived assets.
	The Company has incurred losses from its U.S. operations during all periods presented. Accordingly, management provided approximately $0.5 million of valuation allowance against the deferred tax assets related to the Company’s U.S. operations as of September 30, 2014 and June 30, 2014, respectively, since the deferred tax benefits of the net operating loss carry forwards in the U.S. might not be utilized.
	Changes to valuation allowance for deferred tax assets were as follows:
			Valuation
			Allowance
	For deferred tax assets - current
	As of June 30, 2014	$	2,585,902
	Allowance for doubtful accounts		(99,397	)
	Effect of exchange rate difference		-
	As of September 30, 2014	$	2,486,505
			Valuation
			Allowance
	For deferred tax assets - noncurrent
	As of June 30, 2014	$	751,575
	Net operating loss carryforward in the U.S.		-
	Impairment loss of long-lived assets		(244,931	)
	As of September 30, 2014	$	506,644
	Taxes payable consisted of the following:
			September 30,			June 30,
			2014			2014
	Income taxes payable	$	237,682		$	163,753
Other taxes payable		28,065			28,452
Total taxes payable	$	265,747		$	192,205
(b) Uncertain tax positions
There were no unrecognized tax benefits as of September 30, 2014 and June 30, 2014. Management does not anticipate any potential future adjustments which would result in a material change to its tax positions. For the three months ended September 30, 2014 and 2013, the Company did not incur any tax related interest and penalties arising from tax payment.

Shareholders_equity

Shareholders equity	3 Months Ended
	Sep. 30, 2014
Shareholders equity [Text Block]	'
	Note 12 – Shareholders’ equity
	Restricted Stock Grants
	Restricted stock grants are measured based on the market price on the grant date. The Company has granted restricted shares of common stock to the board of directors, senior management and consultants.
	Effective September 9, 2014, the Board granted an aggregate of 150,000 shares of common stock, which were issued with a market value of $625,500 to its 13 employees under the Company’s 2009 Equity Incentive Plan (the “2009 Plan”). These shares are vested in two equal installments every six months from the date of grant.
	Effective September 22, 2014, the Board granted and issued 1,875 shares of common stock to an officer. The grant was under the 2009 Plan and the employment agreement by and between the Company and the grantee. In addition, such grant was to fulfill the Company’s contractual obligation in the employment agreement. As a result, the shares vest immediately upon the issuance.
	For the three months ended September 30, 2014 and 2013, the Company recognized $43,900 and $0 of compensation expenses related to restricted stock grants, respectively. The total deferred share-based compensation as of September 30, 2014 and June 30, 2014 was $589,512 and $0, respectively.
	Following is a summary of the restricted stock grants:
					Weighted Average		Aggregate
					Grant Date		Intrinsic
	Restricted stock grants	Shares			Fair Value Per Share		Value
	Nonvested as of June 30, 2014	-		$	-	$	-
	Granted	151,875			4.17		633,412
	Vested	(1,875	)		4.22		7,912
	Nonvested as of September 30, 2014	150,000		$	4.17	$	625,500
	See note 14 for stocks issued under 2013 Employee Stock Purchase Plan.

Reserves_and_dividends

Reserves and dividends	3 Months Ended
	Sep. 30, 2014
Reserves and dividends [Text Block]	'
	Note 13 – Reserves and dividends
	The laws and regulations of the PRC require that before a foreign invested enterprise can legally distribute profits, it must first satisfy all tax liabilities, provide for losses in previous years, and make allocations, in proportions determined at the discretion of the board of directors, after the statutory reserves. The statutory reserves include the surplus reserve fund and the common welfare fund.
	The Company is required to transfer 10% of its net income, as determined in accordance with the PRC accounting rules and regulations, to a statutory surplus reserve fund until such reserve balance reaches 50% of the Company’s registered capital. The remaining reserve to fulfill the 50% registered capital requirement amounted to approximately $2.0 million and $2.1 million as of September 30, 2014 and June 30, 2014, respectively.
	The transfer to this reserve must be made before distribution of any dividends to the Company’s shareholders. The surplus reserve fund is non-distributable other than during liquidation. The surplus reserve fund can however be used to fund previous years’ losses, if any, and may be utilized for business expansion or converted into share capital by issuing new shares to existing shareholders in proportion to their shareholding or by increasing the par value of the shares currently held by them, provided that the remaining reserve balance after such issue is not less than 25% of the registered capital.
	The Chinese government restricts distributions of registered capital and the additional investment amounts required by foreign invested enterprises. Approval by the Chinese government must be obtained before distributions of these amounts can be returned to the shareholders.

Employee_pension

Employee pension	3 Months Ended
	Sep. 30, 2014
Employee pension [Text Block]	'
	Note 14 – Employee post-retirement benefits
	The Company offers a defined contribution plan to eligible employees which consists of two parts: (i) the first part, paid by the Company, and is 20% of the employee’s actual salary from the prior year and (ii) the second part, paid by the employee, and is 8% of the employee’s actual salary. The Company’s contributions of employment benefits were approximately $0.2 million for each of the three months ended September 30, 2014 and 2013.
	On November 21, 2013 the Company adopted the 2013 Employee Stock Purchase Plan (the “ESPP”), which became effective as of such date. Under the ESPP, the board of directors of the Company may grant or provide for the grant of rights to eligible employees to purchase shares of the Company’s common stock by payroll deduction or cash contribution.
	The aggregate number of shares of common stock, that may be issued under the ESPP is 280,000 shares initially plus an annual increase in the number of shares on July 1 of each year, commencing on July 1, 2014 and ending on July 1, 2023, equal to one percent of the number of shares of Common Stock outstanding on each such date, subject to proportionate adjustment in the event of a merger, consolidation, reorganization, recapitalization, stock dividend, dividend in property other than cash, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other transaction not involving the receipt of consideration by the Company, under which circumstances, the class(es) and number of shares and price per share of stock subject to outstanding rights, may also be adjusted by the board of directors or the Committee, as defined below.
	The ESPP will be administered by the board of directors of the Company unless and until the board of directors delegates administration to a committee composed of two or more non-employee directors.
	Any employee of the Company or any parent (if any) and subsidiary corporation of the Company (the “Affiliate”), who is not a natural person resident in the United States, who has been in the employ of the Company or any Affiliate for such continuous period as required by the board of directors preceding the grant of rights under the ESPP is eligible to participate in the ESPP during the applicable offering period, subject to administrative rules established by the board of directors.
	The ESPP is implemented by sequential offerings, the commencement and duration of which will be determined by the board of directors. The purchase price at which each share of common stock may be acquired in an offering period upon the exercise of all or any portion of a purchase right will be established by the board of directors. However, the purchase price on each purchase date will not be less than the greater of the book value or the fair market value of a share of the Common Stock on the purchase date.
	Effective July 10, 2014, two employees received an aggregate of 65,102 shares of the Company's common stock, at $4.99 per share, the closing stock price on July 9, 2014, and paid in full a total of $324,860 (RMB2 million) under the ESPP.
	Effective September 9, 2014, four employees received an aggregate of 202,086 shares of the Company’s common stock, at $4.17 per share, the closing stock price on September 8, 2014, and paid in full a total of $842,692 (RMB5.2 million), under the ESPP.

Commitments_and_contingencies

Commitments and contingencies	3 Months Ended
	Sep. 30, 2014
Commitments and contingencies [Text Block]	'
	Note 15 – Commitments and contingencies
	Lease Commitments
	The Company has a lease agreement for a concrete service plant with an unrelated party which expires on September 30, 2015, with annual payments of approximately $219,000. The Company has another lease agreement to lease office space from a third party through October 31, 2014, with annual payments of approximately $26,000. The Company also has a lease agreement to lease office space from a third party through March 28, 2021, with annual payments of approximately $427,000, with three renewal options, each having three-year expiration periods which will be automatically renewed for additional three-year terms provided the office building is not acquired or demolished by the city government.
	The Company has a four-year operating lease agreement for a concrete service plant with an unrelated party through December 31, 2018, with a monthly payment of approximately $68,000.
	In August 2013, the Company entered into an eight-year operating lease agreement for a concrete service plant with an unrelated party for a monthly payment of approximately $54,000.
	Operating lease expenses are allocated between the cost of revenue and selling, general, and administrative expenses. Total operating lease expenses for the three months ended September 30, 2014 and 2013 were approximately $0.5 million. Future annual lease payments, net of rent prepayment non-cancelable operating leases with a term of one year or more consist of the following:
	Twelve months ending September 30,		Amount
	2015	$	2,109,000
	2016		1,888,000
	2017		1,888,000
	2018		1,279,000
	2019		1,077,000
	Thereafter		1,777,000
	Total	$	10,018,000
	Legal Contingencies
	From time to time, the Company is a party to various legal actions arising in the ordinary course of business. The Company accrues costs associated with these matters when they become probable and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. The Company’s management does not expect any liability from the disposition of such claims and litigation individually or in the aggregate would have a material adverse impact on the Company’s consolidated financial position, results of operations and cash flows.

Concentrations

Concentrations	3 Months Ended
	Sep. 30, 2014
Concentrations [Text Block]	'
	Note 16 - Concentrations
	For the three months ended September 30, 2014, the Company had two customers that represented approximately 13.2% and 10.6% of the total revenue. For the three months ended September 30, 2013, the Company had three customers that represented approximately 16.7%, 15.9% and 12.4% of the total revenue. As of September 30, 2014 and 2013, no customer accounted for more than 10% of the total balance of accounts receivable.
	For the three months ended September 30, 2014, the Company had one vendor that represented approximately 15.3% of total purchases. For the three months ended September 30, 2013, the Company had one vendor that represented approximately 12.5% of total purchases. As of September 30, 2014 and 2013, no vendor accounted for more than 10% of the total balance of accounts payable.

Recovered_Sheet1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2014
Basis of presentation [Policy Text Block]	'
	Basis of presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”). The financial statements include the accounts of all directly, indirectly owned subsidiaries and variable interest entities listed below. All material intercompany transactions and balances have been eliminated in consolidation. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, considered necessary to give a fair presentation have been included. Interim results are not necessarily indicative of results of a full year. The information in this Form 10-Q should be read in conjunction with information included in the 2014 annual report in the Form 10-K filed with the SEC on September 23, 2014.
Principles of consolidation [Policy Text Block]	'
	Principles of consolidation
	The unaudited consolidated financial statements reflect the activities of the following subsidiaries and VIEs. All material intercompany transactions have been eliminated.
					Ownership
	Subsidiaries and VIEs		Place incorporated		percentage
	BVI-ACM		British Virgin Island		100%
	China-ACMH		Beijing, China		100%
	Xin Ao		Beijing, China		VIE
	Heng Yuan Zheng Ke		Beijing, China		VIE
	Hong Sheng An		Beijing, China		VIE
	Heng Tai		Beijing, China		VIE
	Da Tong		Datong, China		VIE
	Heng Xin		Luanxian, China		VIE
	VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision making ability. All VIEs with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIE for financial reporting purposes.
	Management makes ongoing assessments of whether China ACM is the primary beneficiary of Xin Ao and its subsidiaries. Based upon a series of contractual arrangements, the Company determined that Xin Ao and its subsidiaries are VIEs subject to consolidation and that China ACM is the primary beneficiary. Accordingly, the accounts of Xin Ao and its subsidiaries are consolidated with those of China ACM.
	The carrying amount of the VIEs’ assets and liabilities are as follows:
			September 30,			June 30,
			2014			2014
	Current assets	$	125,210,402		$	136,681,518
	Property, plant and equipment		11,616,192			12,874,414
	Other noncurrent assets		487,500			487,500
	Total assets		137,314,094			150,043,432
	Liabilities		(96,630,949	)		(111,066,630	)
	Intercompany payables*		(8,581,948	)		(7,397,342	)
	Total liabilities		(105,212,897	)		(118,463,972	)
	Net assets	$	32,101,197		$	31,579,460
	* Payables to China - ACMH and BVI-ACM are eliminated upon consolidation.
Use of estimates and assumptions [Policy Text Block]	'
	Use of estimates and assumptions
	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. The significant estimates and assumptions made in the preparation of the Company’s consolidated financial statements include deferred income taxes, allowance for doubtful accounts, allowance for inventory valuation, the fair value and useful lives of property, plant and equipment. Actual results could be materially different from those estimates, upon which the carrying values were based.
Foreign currency translation [Policy Text Block]	'
	Foreign currency translation
	The reporting currency of the Company is the U.S. dollar. The functional currency of China ACM and BVI-ACM is the U.S. dollar. China-ACMH and its VIEs use their local currency Chinese Renminbi (“RMB”) as their functional currency. In accordance with the US GAAP guidance on Foreign Currency Translation, the Company’s results of operations and cash flows are translated at the average exchange rates during the period, assets and liabilities are translated at the exchange rates at the balance sheet dates, and equity is translated at historical exchange rates. As a result, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets.
	Asset and liability accounts at September 30, 2014 and June 30, 2014, were translated at RMB6.15 to $1.00. The average translation rates applied to the consolidated statements of operations and comprehensive income (loss) and cash flows for the three months ended September 30, 2014 and 2013 were RMB6.16 and RMB6.17 to $1.00, respectively.
	Translation gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations. The effects of foreign currency translation adjustments are included in stockholders’ equity as a component of accumulated other comprehensive income.
Revenue recognition [Policy Text Block]	'
	Revenue recognition
	Revenue is realized or realizable and earned when four criteria are met:
	•      Persuasive evidence of an arrangement exists (the Company considers its sales contracts and technical service agreements to be pervasive evidence of an arrangement);
	•      Delivery has occurred or services have been rendered;
	•      The seller’s price to the buyer is fixed or determinable; and
	•      Collectability of payment is reasonably assured.
	The Company sells its concrete products and provides concrete technical services primarily to major local construction companies. Sales agreements are signed with each customer. The agreements list all terms and conditions with the exception of delivery date and quantity, which are evidenced separately in purchase orders. The purchase price of products is fixed in the agreement and customers are not permitted to renegotiate after the contracts have been signed. The agreements include a cancellation clause if the Company or customers breach the contract terms specified in the agreement.
	The Company recognizes revenue when title and ownership of the goods are transferred upon shipment to the customer or services are provided by the Company.
	Revenue represents the invoiced value of goods, net of a value added tax (“VAT”). All of the Company’s concrete products that are sold in the PRC are subject to a Chinese VAT at the rate of 6% of the gross sales price. On July 1, 2014, the standard VAT rate for concrete products decreased to 3% of the gross sales price. Since the Company uses recycled raw materials to manufacture its products, the State Administration of Taxation has granted the Company a VAT exemption through June 2015.
	The Company includes the shipping and handling fee in both revenue and cost of revenue.
Financial instruments [Policy Text Block]	'
	Financial instruments
	The US GAAP accounting standards regarding fair value of financial instruments and related fair value measurements define fair value, establish a three-level valuation hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
	The three levels of inputs are defined as follows:
	Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
	Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
	Level 3 inputs to the valuation methodology are unobservable.
	Cash, restricted cash, investments, accounts receivable, other assets, short term loans, accounts payable, and accrued expenses and current capital lease obligations qualify as financial instruments, and their carrying amounts are reported in the unaudited condensed consolidated balance sheets at face value or cost, which approximate fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest.
	The fair value of long-term capital lease obligations approximate their fair value as interest rates approximate the market rate. The Company’s advances on equipment purchases were recorded at fair value on a nonrecurring basis and assessed for impairment for the advances on equipment purchases using Level 3 inputs. The Level 3 inputs used were management’s projected cash flows.
Stock-based compensation [Policy Text Block]	'
	Stock-based compensation
	The Company records stock-based compensation expense at fair value on the grant date and recognize the expense over the employee's requisite service period. Unrecognized expense is deferred and included in the unaudited condensed consolidated balance sheets, and amortized over the remaining requisite service period. The Company’s expected volatility assumption is based on the historical volatility of Company’s stock or the expected volatility of similar entities. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The expected dividend yield is based on the Company’s current and expected dividend policy.
Cash and cash equivalents [Policy Text Block]	'
	Cash and cash equivalents
	The Company considers all highly liquid investments with the original maturity of three months or less at the date of purchase to be cash equivalents. The Company currently maintains substantially all of its day-to-day operating cash balances with major financial institutions within PRC and US. As of September 30, 2014 and June 30, 2014, the Company had deposits in excess of federally insured limits totaling approximately $3.7 million and $15.3 million, respectively.
Restricted cash [Policy Text Block]	'
	Restricted cash
	As of September 30, 2014 and June 30, 2014, restricted cash consists of collateral totaling $9.3 million and $13.4 million, respectively, representing cash deposits for short term loans, bank guarantees and notes payable.
Accounts receivable [Policy Text Block]	'
	Accounts receivable
	During the normal course of business, the Company extends unsecured credit to its customers. Accounts are considered past due after 30 days. In establishing the required allowance for doubtful accounts, management considers the historical experience, the economy, trends in the construction industry, the expected collectability of the amount receivable that is past due and the expected collectability of the overdue receivable. Management reviews its accounts receivable each reporting period to determine if the allowance for doubtful accounts is adequate. An estimate for doubtful accounts is recorded when collection of the full amount is no longer probable. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovering is considered remote. There were no write offs of account balances against the allowance for the three months ended September 30, 2014 and 2013.
Other receivables [Policy Text Block]	'
	Other receivables
	Other receivables primarily include advances to employees, due from unrelated entities, receivables from an insurance company, VAT tax refunds and other deposits. Management regularly reviews the aging of receivables and changes in payment trends and records allowance when management believes collection of amounts due are at risk. Accounts considered uncollectible are written off after exhaustive efforts at collection are made. The allowance for other receivables was approximately $3.3 million and $2.8 million at September 30, 2014 and June 30, 2014, respectively.
Inventories [Policy Text Block]	'
	Inventories
	Inventories consist of raw materials and are stated at the lower of cost or market, as determined using the weighted average cost method. Management compares the cost of inventories with the market value and an allowance is made for writing down the inventory to its market value, if lower than cost. As of September 30, 2014 and June 30, 2014, the Company determined that no reserves for obsolescence were necessary.
Short term investments [Policy Text Block]	'
	Short term investments
	The Company has two investment agreements of up to RMB200 million ($32.4 million) with a financial investment company, entered during May 2013 and October 2013, respectively, for maximum periods from eighteen months to two years. The Company can redeem the investment at any time within the agreed period upon 30 -day notice. The financial investment company invests the Company’s funds in certain financial instruments including bonds, mortgage trust or mutual funds. The rates of return on these investments were guaranteed to be no less than 7% per annum, and investments over RMB100 million to be no less than 10%. The Company’s investment is not subject to market fluctuation; therefore, the Company did not experience gain or loss on its investment. However, the Company’s funds deposited with the financial investment company are not insured.
Prepayments and advances, and advances on equipment purchases, net [Policy Text Block]	'
	Prepayments and advances, and advances on equipment purchases, net
	The Company advances monies to certain suppliers for raw materials, plant and equipment, and factory rent. These advances are interest free and unsecured. For each of the three months ended September 30, 2014 and 2013, the Company recorded a bad debt allowance for advances on equipment purchases for approximately $0.3 million.
Property, plant and equipment [Policy Text Block]	'
	Property, plant and equipment
	Property, plant and equipment are stated at cost. Expenditures for maintenance and repairs are charged to operations as incurred while additions, renewals and improvements are capitalized. Depreciation is provided over the estimated useful life of each class of depreciable assets and is computed using the straight-line method with 5% residual value. Leasehold improvements are amortized over the lesser of estimated useful lives or lease terms, as appropriate.
	The estimated useful lives of assets are as follows:
		Useful life
	Transportation equipment	7 - 10 years
	Plant and machinery	10 years
	Office equipment	5 years
	Buildings and improvements	3 - 20 years
Accounting for long-lived assets [Policy Text Block]	'
	Accounting for long-lived assets
	The Company classifies its long-lived assets into: (i) machinery and equipment; (ii) transportation equipment, (iii) office and equipment; and (iv) buildings and improvements.
	Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be fully recoverable. It is possible that these assets could become impaired as a result of technology or other industry changes. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary.
	The Company makes various assumptions and estimates regarding estimated future cash flows and other factors in determining the fair values of the respective assets. The Company uses set criteria that are reviewed and approved by various levels of management, and estimates the fair value of the asset or asset group by using discounted cash flow analyses. If these estimates or their related assumptions change in the future, it is required to record impairment charges for the underlying assets at such time. Any such resulting impairment charges could be material to our results of operations.
	If the value of an asset is determined to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or the fair value, less disposition costs. There was no impairment charge for three months ended September 30, 2014 and 2013.
	Competitive pricing pressure and changes in interest rates could materially and adversely affect our estimates of future net cash flows to be generated by the long-lived assets, and thus could result in future impairment losses.
Income taxes [Policy Text Block]	'
	Income taxes
	The Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires the Company to use the assets and liability method of accounting for income taxes. Under the assets and liability method, deferred income taxes are recognized for the tax consequences of temporary differences by applying enacted statutory tax rates applicable to future years to differences between financial statement carrying amounts and the tax bases of existing assets and liabilities and operating loss and tax credit carry forward. Under this accounting standard, the effect on deferred income taxes of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all of, a deferred tax asset will not be realized.
	ASC 740-10, Accounting for Uncertainty in Income Taxes, defines uncertainty in income taxes and the evaluation of a tax position as a two-step process. The first step is to determine whether it is more likely than not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigation based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position is measured at the largest amount of benefit that is greater than 50 percent likelihood of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent period in which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized in the first subsequent financial reporting period in which the threshold is no longer met.
	Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred.
	United States federal, state and local income tax returns prior to 2011 are not subject to examination by any applicable tax authorities.
Value Added Tax [Policy Text Block]	'
	Value Added Tax
	Enterprises or individuals, who sell commodities, engage in repair and maintenance, or import and export goods in the PRC are subject to a value added tax. The standard VAT rate is 6% of gross sales for the Company’s industry. A credit is available whereby VAT paid on the purchases of raw materials used in the production of the Company’s finished products can be used to offset the VAT due on sales of finished products. Since the Company uses recycled raw materials to manufacture its products, the State Administration of Taxation has granted the Company a VAT exemption through June 2015.
Research and development, advertising and repair and maintenance [Policy Text Block]	'
	Research and development, advertising and repair and maintenance
	Research and development, advertising and repair and maintenance costs are expensed as incurred. The cost of materials and equipment that are acquired or constructed for research and development activities, and have alternative future uses, either in research and development, marketing, or sales, are classified as property and equipment, and depreciated over their estimated useful lives. Research and development costs for the three months ended September 30, 2014 and 2013 were approximately $0.5 million and $0.2 million, respectively. Advertising costs for the three months ended September 30, 2014 and 2013 were approximately $51,000 and $3,000, respectively. Repair and maintenance costs for the three months ended September 30, 2014 and 2013 were approximately $0.1 million and $0.03 million, respectively.
Earnings (loss) per share [Policy Text Block]	'
	Earnings (loss) per share
	The Company reports earnings (loss) per share in accordance with the US GAAP, which requires presentation of basic and diluted earnings (loss) per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings (loss) per share excludes dilution and is computed by dividing income (loss) available to common shareholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts, such as warrants, options, restricted stock based grants and convertible preferred stock, to issue common stock were exercised and converted into common stock. Common stock equivalents having an anti-dilutive effect on earnings per share are excluded from the calculation of diluted earnings per share. Diluted loss per share is the same as basic loss per share since the addition of any contingently issuable shares would be anti-dilutive.
	ASC 260-10-55 requires that stock dividends or stock splits be accounted for retroactively if the stock dividends or stock splits occur during the period, or retroactively if the stock dividends or stock splits occur after the end of the period but before the release of the financial statements, by considering it outstanding of the entirety of each period presented. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.
Comprehensive income [Policy Text Block]	'
	Comprehensive income
	Comprehensive income consists of net income and foreign currency translation adjustments.
Reclassifications [Policy Text Block]	'
	Reclassifications
	Certain amounts from prior period have been reclassified to conform to the current period’s presentation. The reclassification did not have any impact on the consolidated statements of operations and comprehensive loss.
Recently issued accounting pronouncements [Policy Text Block]	'
	Recent Accounting Pronouncements
	In June 2014, the FASB issued ASU No. 2014-12, Compensation-Stock Compensation: Topic 718. This amendment requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. This ASU is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The Company does not expect the adoption of this guidance will have a significant impact on the Company’s consolidated financial statements.
	In August 2014, FASB issued ASU No. 2014-15, Preparation of Financial Statements - Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. Under generally accepted accounting principles (GAAP), continuation of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity's liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern basis of accounting. If and when an entity's liquidation becomes imminent, financial statements should be prepared under the liquidation basis of accounting in accordance with Subtopic 205-30, Presentation of Financial Statements-Liquidation Basis of Accounting. Even when an entity's liquidation is not imminent, there may be conditions or events that raise substantial doubt about the entity's ability to continue as a going concern. In those situations, financial statements should continue to be prepared under the going concern basis of accounting, but the amendments in this Update should be followed to determine whether to disclose information about the relevant conditions and events. The amendments in this Accounting Standards Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company does not expect the adoption of ASU 2014-15 to have material impact on the Company’s consolidated financial statement.

Summary_of_significant_account1

Summary of significant accounting policies (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Ownership of Subsidiaries and VIE's [Table Text Block]	'
					Ownership
	Subsidiaries and VIEs		Place incorporated		percentage
	BVI-ACM		British Virgin Island		100%
	China-ACMH		Beijing, China		100%
	Xin Ao		Beijing, China		VIE
	Heng Yuan Zheng Ke		Beijing, China		VIE
	Hong Sheng An		Beijing, China		VIE
	Heng Tai		Beijing, China		VIE
	Da Tong		Datong, China		VIE
	Heng Xin		Luanxian, China		VIE
Schedule of carrying amount of the VIE's assets and liabilities [Table Text Block]	'
			September 30,			June 30,
			2014			2014
	Current assets	$	125,210,402		$	136,681,518
	Property, plant and equipment		11,616,192			12,874,414
	Other noncurrent assets		487,500			487,500
	Total assets		137,314,094			150,043,432
	Liabilities		(96,630,949	)		(111,066,630	)
	Intercompany payables*		(8,581,948	)		(7,397,342	)
	Total liabilities		(105,212,897	)		(118,463,972	)
	Net assets	$	32,101,197		$	31,579,460
Schedule of Estimated Useful Lives of Assets [Table Text Block]	'
		Useful life
	Transportation equipment	7 - 10 years
	Plant and machinery	10 years
	Office equipment	5 years
	Buildings and improvements	3 - 20 years

Accounts_and_notes_receivable_

Accounts and notes receivable (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	'
			September 30,			June 30,
			2014			2014
	Accounts receivable	$	82,869,236		$	80,662,464
	Notes receivable		195,000			372,791
			83,064,236			81,035,255
	Less: Allowance for doubtful accounts		(29,874,471	)		(31,667,803	)
	Total accounts and notes receivable, net	$	53,189,765		$	49,367,452

Other_receivables_Tables

Other receivables (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Other Receivables and Allowance for Doubtful Accounts [Table Text Block]	'
			September 30,			June 30,
			2014			2014
	Other receivables, current	$	8,142,058		$	6,932,437
	Less: Allowance for doubtful accounts, current		(3,278,925	)		(2,810,887	)
	Other receivables - current, net	$	4,863,133		$	4,121,550

Property_plant_and_equipment_T

Property, plant and equipment (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Property, Plant and Equipment [Table Text Block]	'
			September 30,			June 30,
			2014			2014
	Machinery and equipment	$	2,345,097		$	4,158,656
	Transportation equipment		1,060,935			1,095,548
	Leased equipment (A)		11,204,700			11,204,700
	Office equipment		1,330,046			1,310,508
	Buildings and improvements		354,990			299,074
	Total		16,295,768			18,068,486
	Less: Accumulated depreciation		(4,676,273	)		(5,190,223	)
	Plant and equipment, net	$	11,619,495		$	12,878,263

Prepayments_and_advances_Table

Prepayments and advances (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	'
			September 30,		June 30,
			2014		2014
	Advances on inventory purchases	$	39,255,461	$	35,373,493
	Rent prepayments (see Note 15)		-		325,572
	Total prepayments and advances	$	39,255,461	$	35,699,065

Short_term_loans_banks_Bank_gu1

Short term loans, banks, Bank guarantees and Notes payable (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Short-term Debt [Table Text Block]	'
			September 30,		June 30,
			2014		2014
	Loan from Shanghai Pudong Development Bank, interest rate at 7.2% per annum, due January 2015, originally due November and December 2013, guaranteed by Beijing Jinshengding Mineral Products Co., LTD	$	4,875,000	$	10,968,750
	Loan from Construction Bank, interest rate at 6.00% per annum, originally due November 14, 2013; renewed for another year and due November 14, 2014, guaranteed by Beijing Jinshengding Mineral Products Co., LTD, and Mr. Han Xianfu.		5,687,500		5,687,500
	Loan from Beijing Bank, interest rate at 7.2% per annum, originally due March 29, 2014; renewed for another year and due March 21, 2015, guaranteed by Beijing Jinshengding Mineral Products Co., LTD.		4,875,000		4,875,000
	Loan from Hana Bank, repaid in full in September 2014		-		6,500,000
	Loan from Citic Bank, interest rate at 7.80% per annum, due August 25, 2015; originally due and paid on August 4, 2014; guaranteed by Jinshengding Mineral Products Co., LTD, Mr. Han Xianfu and Mr. He Weili		3,250,000		3,250,000
		$	18,687,500	$	31,281,250
Schedule of Bank guarantees [Table Text Block]	'
			September 30,		June 30,
			2014		2014
	Bank guarantees due to Construction Bank, various due dates from October 2014 to February 2015, originally due from July to December 2014, guaranteed by Beijing Jinshengding Mineral Products Co., LTD, and Mr. Han Xianfu, a related party. *	$	17,590,463	$	23,115,463
Schedule of Short Term Loans Other [Table Text Block]	'
			September 30,		June 30,
			2014		2014
	Short term loans due to unrelated third-party individual, repaid in full on August 28, 2014	$	-	$	3,250,000

Capital_lease_obligations_Tabl

Capital lease obligations (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Capital lease obligations [Table Text Block]	'
			September 30,			June 30,
			2014			2014
	Lease obligations for concrete pump trucks expiring in January 2016, lease payment at $184,000 per month with interest at 7.68% per annum	$	4,709,627		$	4,790,877
	Lease obligations for concrete mixer trucks expiring September 2015, lease payment at $32,000 per month with interest at 7.98% per annum		378,880			473,600
	Lease obligations for concrete mixer trucks expiring in May 2014, lease payment at $155,000 per month with interest at 7.28% per annum		606,052			606,052
	Lease obligations for concrete pump trucks expiring in January 2015, lease payment at $33,000 per month with interest at 6.76% per annum		127,836			187,801
	Total		5,822,395			6,058,330
	Less: Deferred interest		(153,117	)		(220,988	)
			5,669,278			5,837,342
	Less: Capital lease obligations - current		(5,122,093	)		(4,659,756	)
	Capital lease obligations - non current	$	547,185		$	1,177,586
Schedule of Future annual capital lease payments [Table Text Block]	'
	Twelve months ending September 30,			Amount
	2015		$	5,268,000
	2016			554,000
			$	5,822,000

Related_party_transactions_Tab

Related party transactions (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Related Party Transactions [Table Text Block]	'
			September 30,		June 30,
			2014		2014
	Xianfu Han, shareholder	$	450,540	$	450,540
	Weili He, shareholder		513,590		474,845
		$	964,130	$	925,385

Income_taxes_Tables

Income taxes (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	'
			Three months ended
			September 30,
			2014			2013
	USA and BVI	$	(135,070	)	$	(33,302	)
	China		556,644			(5,802,082	)
		$	421,574		$	(5,835,384	)
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	'
			Three months ended
			September 30,
			2014			2013
	Current provision:
	USA	$	-		$	-
	China		(237,389	)		-
	Total current provision		(237,389	)		-
	Deferred provision:
	USA		-			-
	China		(99,275	)		-
	Total deferred provision		(99,275	)		-
	Total provision for income taxes	$	(336,664	)	$	-
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	'
			September 30,			June 30,
			2014			2014
	Deferred tax assets - current
	Allowance for doubtful accounts	$	4,973,010		$	5,171,804
	Valuation allowance		(2,486,505	)		(2,585,902	)
	Total deferred tax assets - current	$	2,486,505		$	2,585,902
	Deferred tax assets - non-current
	Net operating loss carryforward in the U.S.	$	506,644		$	506,644
	Impairment loss of long-lived assets		-			244,931
			506,644			751,575
	Valuation allowance		(506,644	)		(751,575	)
	Total deferred tax assets - non-current	$	-		$	-
Schedule of Changes to Valuation Allowance for Deferred Tax Assets [Table Text Block]	'
			Valuation
			Allowance
	For deferred tax assets - current
	As of June 30, 2014	$	2,585,902
	Allowance for doubtful accounts		(99,397	)
	Effect of exchange rate difference		-
	As of September 30, 2014	$	2,486,505
			Valuation
			Allowance
	For deferred tax assets - noncurrent
	As of June 30, 2014	$	751,575
	Net operating loss carryforward in the U.S.		-
	Impairment loss of long-lived assets		(244,931	)
	As of September 30, 2014	$	506,644
Schedule of Taxes Payable [Table Text Block]	'
			September 30,			June 30,
			2014			2014
	Income taxes payable	$	237,682		$	163,753
	Other taxes payable		28,065			28,452
	Total taxes payable	$	265,747		$	192,205

Shareholders_equity_Tables

Shareholders equity (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of the summary of Restricted stock grants [Table Text Block]	'
					Weighted Average		Aggregate
					Grant Date		Intrinsic
	Restricted stock grants	Shares			Fair Value Per Share		Value
	Nonvested as of June 30, 2014	-		$	-	$	-
	Granted	151,875			4.17		633,412
	Vested	(1,875	)		4.22		7,912
	Nonvested as of September 30, 2014	150,000		$	4.17	$	625,500

Commitments_and_contingencies_

Commitments and contingencies (Tables)	3 Months Ended
	Sep. 30, 2014
Schedule of Future annual lease payments [Table Text Block]	'
	Twelve months ending September 30,		Amount
	2015	$	2,109,000
	2016		1,888,000
	2017		1,888,000
	2018		1,279,000
	2019		1,077,000
	Thereafter		1,777,000
	Total	$	10,018,000

Organization_and_description_o1

Organization and description of business (Narrative) (Details)	3 Months Ended
	Sep. 30, 2014
Organization And Description Of Business 1	100.00%

Summary_of_significant_account2

Summary of significant accounting policies (Narrative) (Details)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
	USD ($)	CNY
	D
Summary Of Significant Accounting Policies 1	'	6.15
Summary Of Significant Accounting Policies 2	1	'
Summary Of Significant Accounting Policies 3	'	6.16
Summary Of Significant Accounting Policies 4	'	6.17
Summary Of Significant Accounting Policies 5	1	'
Summary Of Significant Accounting Policies 6	6.00%	6.00%
Summary Of Significant Accounting Policies 7	3.00%	3.00%
Summary Of Significant Accounting Policies 8	3,700,000	'
Summary Of Significant Accounting Policies 9	15,300,000	'
Summary Of Significant Accounting Policies 10	9,300,000	'
Summary Of Significant Accounting Policies 11	13,400,000	'
Summary Of Significant Accounting Policies 12	30	30
Summary Of Significant Accounting Policies 13	3,300,000	'
Summary Of Significant Accounting Policies 14	2,800,000	'
Summary Of Significant Accounting Policies 15	'	200,000,000
Summary Of Significant Accounting Policies 16	32,400,000	'
Summary Of Significant Accounting Policies 17	30	30
Summary Of Significant Accounting Policies 18	7.00%	7.00%
Summary Of Significant Accounting Policies 19	'	100,000,000
Summary Of Significant Accounting Policies 20	10.00%	10.00%
Summary Of Significant Accounting Policies 21	300,000	'
Summary Of Significant Accounting Policies 22	5.00%	5.00%
Summary Of Significant Accounting Policies 23	50.00%	50.00%
Summary Of Significant Accounting Policies 24	6.00%	6.00%
Summary Of Significant Accounting Policies 25	500,000	'
Summary Of Significant Accounting Policies 26	200,000	'
Summary Of Significant Accounting Policies 27	51,000	'
Summary Of Significant Accounting Policies 28	3,000	'
Summary Of Significant Accounting Policies 29	100,000	'
Summary Of Significant Accounting Policies 30	$30,000	'

Supplemental_disclosure_of_cas1

Supplemental disclosure of cash flow information (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Supplemental Disclosure Of Cash Flow Information 1	$500,000
Supplemental Disclosure Of Cash Flow Information 2	200,000
Supplemental Disclosure Of Cash Flow Information 3	500,000
Supplemental Disclosure Of Cash Flow Information 4	800,000
Supplemental Disclosure Of Cash Flow Information 5	100,000
Supplemental Disclosure Of Cash Flow Information 6	3,600,000
Supplemental Disclosure Of Cash Flow Information 7	30,000
Supplemental Disclosure Of Cash Flow Information 8	900,000
Supplemental Disclosure Of Cash Flow Information 9	400,000
Supplemental Disclosure Of Cash Flow Information 10	$1,200,000

Accounts_and_notes_receivable_1

Accounts and notes receivable (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
	D
Accounts And Notes Receivable 1	15.00%
Accounts And Notes Receivable 2	180
Accounts And Notes Receivable 3	60.00%
Accounts And Notes Receivable 4	75.00%
Accounts And Notes Receivable 5	$29,900,000
Accounts And Notes Receivable 6	$31,700,000

Property_plant_and_equipment_N

Property, plant and equipment (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Property, Plant And Equipment 1	$600,000
Property, Plant And Equipment 2	500,000
Property, Plant And Equipment 3	400,000
Property, Plant And Equipment 4	200,000
Property, Plant And Equipment 5	2,100,000
Property, Plant And Equipment 6	$1,700,000

Short_term_loans_banks_Bank_gu2

Short term loans, banks, Bank guarantees and Notes payable (Narrative) (Details)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
	USD ($)	CNY
Short Term Loans, Banks, Bank Guarantees And Notes Payable 1	$400,000	'
Short Term Loans, Banks, Bank Guarantees And Notes Payable 2	4,900,000	'
Short Term Loans, Banks, Bank Guarantees And Notes Payable 3	5,800,000	'
Short Term Loans, Banks, Bank Guarantees And Notes Payable 4	10,500,000	'
Short Term Loans, Banks, Bank Guarantees And Notes Payable 5	17,100,000	'
Short Term Loans, Banks, Bank Guarantees And Notes Payable 6	'	105,000,000
Short Term Loans, Banks, Bank Guarantees And Notes Payable 7	9,800,000	'
Short Term Loans, Banks, Bank Guarantees And Notes Payable 8	'	60,000,000
Short Term Loans, Banks, Bank Guarantees And Notes Payable 9	3,600,000	'
Short Term Loans, Banks, Bank Guarantees And Notes Payable 10	$2,900,000	'

Capital_lease_obligations_Narr

Capital lease obligations (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Capital Lease Obligations 1	$100,000

Income_taxes_Narrative_Details

Income taxes (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Income Taxes 1	$1,500,000
Income Taxes 2	100.00%
Income Taxes 3	1,800,000
Income Taxes 4	1,500,000
Income Taxes 5	25.00%
Income Taxes 6	25.00%
Income Taxes 7	15.00%
Income Taxes 8	25.00%
Income Taxes 9	10.00%
Income Taxes 10	2,500,000
Income Taxes 11	2,800,000
Income Taxes 12	2,600,000
Income Taxes 13	200,000
Income Taxes 14	$500,000

Shareholders_equity_Narrative_

Shareholders equity (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Shareholders Equity 1	150,000
Shareholders Equity 2	$625,500
Shareholders Equity 3	13
Shareholders Equity 4	1,875
Shareholders Equity 5	43,900
Shareholders Equity 6	0
Shareholders Equity 7	589,512
Shareholders Equity 8	$0

Reserves_and_dividends_Narrati

Reserves and dividends (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Reserves And Dividends 1	10.00%
Reserves And Dividends 2	50.00%
Reserves And Dividends 3	50.00%
Reserves And Dividends 4	$2,000,000
Reserves And Dividends 5	$2,100,000
Reserves And Dividends 6	25.00%

Employee_pension_Narrative_Det

Employee pension (Narrative) (Details)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
	USD ($)	CNY
Employee Pension 1	20.00%	20.00%
Employee Pension 2	8.00%	8.00%
Employee Pension 3	$200,000	'
Employee Pension 4	280,000	280,000
Employee Pension 5	65,102	65,102
Employee Pension 6	$4.99	'
Employee Pension 7	324,860	'
Employee Pension 8	'	2,000,000
Employee Pension 9	202,086	202,086
Employee Pension 10	$4.17	'
Employee Pension 11	842,692	'
Employee Pension 12	'	5,200,000

Commitments_and_contingencies_1

Commitments and contingencies (Narrative) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Commitments And Contingencies 1	$219,000
Commitments And Contingencies 2	26,000
Commitments And Contingencies 3	427,000
Commitments And Contingencies 4	68,000
Commitments And Contingencies 5	54,000
Commitments And Contingencies 6	$500,000

Concentrations_Narrative_Detai

Concentrations (Narrative) (Details)	3 Months Ended
	Sep. 30, 2014
Concentrations 1	13.20%
Concentrations 2	10.60%
Concentrations 3	16.70%
Concentrations 4	15.90%
Concentrations 5	12.40%
Concentrations 6	10.00%
Concentrations 7	15.30%
Concentrations 8	12.50%
Concentrations 9	10.00%

Schedule_of_Ownership_of_Subsi

Schedule of Ownership of Subsidiaries and VIE's (Details)	3 Months Ended
	Sep. 30, 2014
Summary Of Significant Accounting Policies Schedule Of Ownership Of Subsidiaries And Vie's 1	100.00%
Summary Of Significant Accounting Policies Schedule Of Ownership Of Subsidiaries And Vie's 2	100.00%

Schedule_of_carrying_amount_of

Schedule of carrying amount of the VIE's assets and liabilities (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 1	$125,210,402
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 2	136,681,518
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 3	11,616,192
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 4	12,874,414
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 5	487,500
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 6	487,500
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 7	137,314,094
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 8	150,043,432
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 9	-96,630,949
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 10	-111,066,630
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 11	-8,581,948
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 12	-7,397,342
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 13	-105,212,897
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 14	-118,463,972
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 15	32,101,197
Summary Of Significant Accounting Policies Schedule Of Carrying Amount Of The Vie's Assets And Liabilities 16	$31,579,460

Schedule_of_Estimated_Useful_L

Schedule of Estimated Useful Lives of Assets (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
	Y
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment 1	$7
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment 2	10
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment 3	10
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment 4	5
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment 5	$3
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment 6	20

Schedule_of_Accounts_Notes_Loa

Schedule of Accounts, Notes, Loans and Financing Receivable (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Accounts And Notes Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 1	$82,869,236
Accounts And Notes Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 2	80,662,464
Accounts And Notes Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 3	195,000
Accounts And Notes Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 4	372,791
Accounts And Notes Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 5	83,064,236
Accounts And Notes Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 6	81,035,255
Accounts And Notes Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 7	-29,874,471
Accounts And Notes Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 8	-31,667,803
Accounts And Notes Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 9	53,189,765
Accounts And Notes Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 10	$49,367,452

Schedule_of_Other_Receivables_

Schedule of Other Receivables and Allowance for Doubtful Accounts (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Other Receivables Schedule Of Other Receivables And Allowance For Doubtful Accounts 1	$8,142,058
Other Receivables Schedule Of Other Receivables And Allowance For Doubtful Accounts 2	6,932,437
Other Receivables Schedule Of Other Receivables And Allowance For Doubtful Accounts 3	-3,278,925
Other Receivables Schedule Of Other Receivables And Allowance For Doubtful Accounts 4	-2,810,887
Other Receivables Schedule Of Other Receivables And Allowance For Doubtful Accounts 5	4,863,133
Other Receivables Schedule Of Other Receivables And Allowance For Doubtful Accounts 6	$4,121,550

Schedule_of_Property_Plant_and

Schedule of Property, Plant and Equipment (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 1	$2,345,097
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 2	4,158,656
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 3	1,060,935
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 4	1,095,548
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 5	11,204,700
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 6	11,204,700
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 7	1,330,046
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 8	1,310,508
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 9	354,990
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 10	299,074
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 11	16,295,768
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 12	18,068,486
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 13	-4,676,273
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 14	-5,190,223
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 15	11,619,495
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 16	$12,878,263

Schedule_of_Deferred_Costs_Cap

Schedule of Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Prepayments And Advances Schedule Of Deferred Costs, Capitalized, Prepaid, And Other Assets Disclosure 1	$39,255,461
Prepayments And Advances Schedule Of Deferred Costs, Capitalized, Prepaid, And Other Assets Disclosure 2	35,373,493
Prepayments And Advances Schedule Of Deferred Costs, Capitalized, Prepaid, And Other Assets Disclosure 3	0
Prepayments And Advances Schedule Of Deferred Costs, Capitalized, Prepaid, And Other Assets Disclosure 4	325,572
Prepayments And Advances Schedule Of Deferred Costs, Capitalized, Prepaid, And Other Assets Disclosure 5	39,255,461
Prepayments And Advances Schedule Of Deferred Costs, Capitalized, Prepaid, And Other Assets Disclosure 6	$35,699,065

Schedule_of_Shortterm_Debt_Det

Schedule of Short-term Debt (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 1	7.20%
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 2	$4,875,000
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 3	10,968,750
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 4	6.00%
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 5	5,687,500
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 6	5,687,500
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 7	7.20%
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 8	4,875,000
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 9	4,875,000
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 10	0
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 11	6,500,000
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 12	7.80%
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 13	3,250,000
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 14	3,250,000
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 15	18,687,500
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short-term Debt 16	$31,281,250

Schedule_of_Bank_guarantees_De

Schedule of Bank guarantees (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Bank Guarantees 1	$17,590,463
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Bank Guarantees 2	$23,115,463

Schedule_of_Short_Term_Loans_O

Schedule of Short Term Loans Other (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short Term Loans Other 1	$0
Short Term Loans, Banks, Bank Guarantees And Notes Payable Schedule Of Short Term Loans Other 2	$3,250,000

Schedule_of_Capital_lease_obli

Schedule of Capital lease obligations (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Capital Lease Obligations Schedule Of Capital Lease Obligations 1	184,000
Capital Lease Obligations Schedule Of Capital Lease Obligations 2	7.68%
Capital Lease Obligations Schedule Of Capital Lease Obligations 3	$4,709,627
Capital Lease Obligations Schedule Of Capital Lease Obligations 4	4,790,877
Capital Lease Obligations Schedule Of Capital Lease Obligations 5	32,000
Capital Lease Obligations Schedule Of Capital Lease Obligations 6	7.98%
Capital Lease Obligations Schedule Of Capital Lease Obligations 7	378,880
Capital Lease Obligations Schedule Of Capital Lease Obligations 8	473,600
Capital Lease Obligations Schedule Of Capital Lease Obligations 9	155,000
Capital Lease Obligations Schedule Of Capital Lease Obligations 10	7.28%
Capital Lease Obligations Schedule Of Capital Lease Obligations 11	606,052
Capital Lease Obligations Schedule Of Capital Lease Obligations 12	606,052
Capital Lease Obligations Schedule Of Capital Lease Obligations 13	33,000
Capital Lease Obligations Schedule Of Capital Lease Obligations 14	6.76%
Capital Lease Obligations Schedule Of Capital Lease Obligations 15	127,836
Capital Lease Obligations Schedule Of Capital Lease Obligations 16	187,801
Capital Lease Obligations Schedule Of Capital Lease Obligations 17	5,822,395
Capital Lease Obligations Schedule Of Capital Lease Obligations 18	6,058,330
Capital Lease Obligations Schedule Of Capital Lease Obligations 19	-153,117
Capital Lease Obligations Schedule Of Capital Lease Obligations 20	-220,988
Capital Lease Obligations Schedule Of Capital Lease Obligations 21	5,669,278
Capital Lease Obligations Schedule Of Capital Lease Obligations 22	5,837,342
Capital Lease Obligations Schedule Of Capital Lease Obligations 23	-5,122,093
Capital Lease Obligations Schedule Of Capital Lease Obligations 24	-4,659,756
Capital Lease Obligations Schedule Of Capital Lease Obligations 25	547,185
Capital Lease Obligations Schedule Of Capital Lease Obligations 26	$1,177,586

Schedule_of_Future_annual_capi

Schedule of Future annual capital lease payments (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Capital Lease Obligations Schedule Of Future Annual Capital Lease Payments 1	$5,268,000
Capital Lease Obligations Schedule Of Future Annual Capital Lease Payments 2	554,000
Capital Lease Obligations Schedule Of Future Annual Capital Lease Payments 3	$5,822,000

Schedule_of_Related_Party_Tran

Schedule of Related Party Transactions (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Related Party Transactions Schedule Of Related Party Transactions 1	$450,540
Related Party Transactions Schedule Of Related Party Transactions 2	450,540
Related Party Transactions Schedule Of Related Party Transactions 3	513,590
Related Party Transactions Schedule Of Related Party Transactions 4	474,845
Related Party Transactions Schedule Of Related Party Transactions 5	964,130
Related Party Transactions Schedule Of Related Party Transactions 6	$925,385

Schedule_of_Income_before_Inco

Schedule of Income before Income Tax, Domestic and Foreign (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Income Taxes Schedule Of Income Before Income Tax, Domestic And Foreign 1	($135,070)
Income Taxes Schedule Of Income Before Income Tax, Domestic And Foreign 2	-33,302
Income Taxes Schedule Of Income Before Income Tax, Domestic And Foreign 3	556,644
Income Taxes Schedule Of Income Before Income Tax, Domestic And Foreign 4	-5,802,082
Income Taxes Schedule Of Income Before Income Tax, Domestic And Foreign 5	421,574
Income Taxes Schedule Of Income Before Income Tax, Domestic And Foreign 6	($5,835,384)

Schedule_of_Components_of_Inco

Schedule of Components of Income Tax Expense (Benefit) (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 1	$0
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 2	0
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 3	-237,389
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 4	0
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 5	-237,389
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 6	0
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 7	0
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 8	0
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 9	-99,275
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 10	0
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 11	-99,275
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 12	0
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 13	-336,664
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 14	$0

Schedule_of_Deferred_Tax_Asset

Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 1	$4,973,010
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 2	5,171,804
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 3	-2,486,505
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 4	-2,585,902
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 5	2,486,505
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 6	2,585,902
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 7	506,644
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 8	506,644
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 9	0
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 10	244,931
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 11	506,644
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 12	751,575
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 13	-506,644
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 14	-751,575
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 15	0
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 16	$0

Schedule_of_Changes_to_Valuati

Schedule of Changes to Valuation Allowance for Deferred Tax Assets (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Income Taxes Schedule Of Changes To Valuation Allowance For Deferred Tax Assets 1	$2,585,902
Income Taxes Schedule Of Changes To Valuation Allowance For Deferred Tax Assets 2	-99,397
Income Taxes Schedule Of Changes To Valuation Allowance For Deferred Tax Assets 3	0
Income Taxes Schedule Of Changes To Valuation Allowance For Deferred Tax Assets 4	2,486,505
Income Taxes Schedule Of Changes To Valuation Allowance For Deferred Tax Assets 5	751,575
Income Taxes Schedule Of Changes To Valuation Allowance For Deferred Tax Assets 6	0
Income Taxes Schedule Of Changes To Valuation Allowance For Deferred Tax Assets 7	-244,931
Income Taxes Schedule Of Changes To Valuation Allowance For Deferred Tax Assets 8	$506,644

Schedule_of_Taxes_Payable_Deta

Schedule of Taxes Payable (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Income Taxes Schedule Of Taxes Payable 1	$237,682
Income Taxes Schedule Of Taxes Payable 2	163,753
Income Taxes Schedule Of Taxes Payable 3	28,065
Income Taxes Schedule Of Taxes Payable 4	28,452
Income Taxes Schedule Of Taxes Payable 5	265,747
Income Taxes Schedule Of Taxes Payable 6	$192,205

Schedule_of_the_summary_of_Res

Schedule of the summary of Restricted stock grants (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Shareholders Equity Schedule Of The Summary Of Restricted Stock Grants 1	$0
Shareholders Equity Schedule Of The Summary Of Restricted Stock Grants 2	0
Shareholders Equity Schedule Of The Summary Of Restricted Stock Grants 3	0
Shareholders Equity Schedule Of The Summary Of Restricted Stock Grants 4	151,875
Shareholders Equity Schedule Of The Summary Of Restricted Stock Grants 5	4.17
Shareholders Equity Schedule Of The Summary Of Restricted Stock Grants 6	633,412
Shareholders Equity Schedule Of The Summary Of Restricted Stock Grants 7	-1,875
Shareholders Equity Schedule Of The Summary Of Restricted Stock Grants 8	4.22
Shareholders Equity Schedule Of The Summary Of Restricted Stock Grants 9	7,912
Shareholders Equity Schedule Of The Summary Of Restricted Stock Grants 10	150,000
Shareholders Equity Schedule Of The Summary Of Restricted Stock Grants 11	4.17
Shareholders Equity Schedule Of The Summary Of Restricted Stock Grants 12	$625,500

Schedule_of_Future_annual_leas

Schedule of Future annual lease payments (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Commitments And Contingencies Schedule Of Future Annual Lease Payments 1	$2,109,000
Commitments And Contingencies Schedule Of Future Annual Lease Payments 2	1,888,000
Commitments And Contingencies Schedule Of Future Annual Lease Payments 3	1,888,000
Commitments And Contingencies Schedule Of Future Annual Lease Payments 4	1,279,000
Commitments And Contingencies Schedule Of Future Annual Lease Payments 5	1,077,000
Commitments And Contingencies Schedule Of Future Annual Lease Payments 6	1,777,000
Commitments And Contingencies Schedule Of Future Annual Lease Payments 7	$10,018,000