Singularity Future Technology (SGLY) 10-Q 12 Feb 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2015	Feb. 09, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Registrant Name	Sino-Global Shipping America, Ltd.
Entity Central Index Key	1,422,892
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Trading Symbol	SINO
Entity Common Stock, Shares Outstanding		8,620,841

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Current assets
Cash and cash equivalents	$ 1,094,576	$ 730,322
Advances to suppliers	1,874	50,975
Accounts receivable, less allowance for doubtful accounts of $703,498 and $477,240 as of December 31, 2015 and June 30, 2015, respectively	2,554,660	3,082,219
Other receivables, less allowance for doubtful accounts of $125,149 and $241,604 as of December 31, 2015 and June 30, 2015, respectively	513,788	191,972
Prepaid expense and other current assets	3,904,181	1,265,609
Due from related parties, less allowance for doubtful accounts of $174,759 and nil as of December 31, 2015 and June 30, 2015, respectively	2,720,246	2,784,591
Total Current Assets	10,789,325	8,105,688
Property and equipment, net	180,853	214,003
Prepaid expenses - noncurrent	43,109	436,351
Other long-term assets	34,439	2,773,908
Deferred tax assets	0	280,600
Total Assets	11,047,726	11,810,550
Current liabilities
Advances from customers	25,831	126,201
Accounts payable	294,890	691,588
Taxes payable	1,410,157	996,648
Accrued expenses and other current liabilities	93,628	99,607
Total Current Liabilities	1,824,506	1,914,044
Total Liabilities	$ 1,824,506	$ 1,914,044
Commitments and Contingency
Equity
Preferred stock, 2,000,000 shares authorized, no par value, none issued.	$ 0	$ 0
Common stock, 50,000,000 shares authorized, no par value; 8,790,738 and 7,996,032 shares issued as of December 31, 2015 and June 30, 2015; 8,620,841 and 7,870,841 outstanding as of December 31, 2015 and June 30, 2015	17,190,591	16,303,327
Additional paid-in capital	1,144,842	1,144,842
Treasury stock, at cost - 169,897 and 125,191 shares as of December 31, 2015 and June 30, 2015	(413,797)	(372,527)
Accumulated deficit	(3,867,811)	(2,552,870)
Accumulated other comprehensive income	(112,038)	91,432
Unearned stock-based compensation	(7,760)	(7,760)
Total Sino-Global Shipping America Ltd. Stockholders' Equity	13,934,027	14,606,444
Non-controlling Interest	(4,710,807)	(4,709,938)
Total Equity	9,223,220	9,896,506
Total Liabilities and Equity	$ 11,047,726	$ 11,810,550

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Accounts receivable, allowance for doubtful accounts	$ 703,498	$ 477,240
Other receivables, allowance for doubtful accounts	125,149	241,604
Due from related parties, allowance for doubtful accounts	$ 174,759	$ 0
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred Stock, Shares Issued	0	0
Common stock, shares authorized	50,000,000	50,000,000
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares issued	8,790,738	7,996,032
Common stock, shares outstanding	8,620,841	7,870,841
Treasury stock, shares	169,897	125,191

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Net revenues	$ 1,596,951	$ 3,092,580	$ 4,296,169	$ 5,698,505
Cost of revenues	(707,127)	(1,674,861)	(1,947,803)	(3,084,014)
Gross profit	889,824	1,417,719	2,348,366	2,614,491
General and administrative expenses	(1,963,402)	(1,317,341)	(2,894,244)	(2,257,146)
Selling expenses	(29,502)	(10,382)	(44,125)	(66,721)
Costs and expenses	(1,992,904)	(1,327,723)	(2,938,369)	(2,323,867)
Operating income (loss)	(1,103,080)	89,996	(590,003)	290,624
Financial expense, net	(195,776)	(58,952)	(312,983)	(121,334)
Other income (loss), net	(4,621)	20,488	(4,621)	20,488
Nonoperating Income (Expense)	(200,397)	(38,464)	(317,604)	(100,846)
Net income (loss) before provision for income taxes	(1,303,477)	51,532	(907,607)	189,778
Income tax (expense) benefit	(332,533)	24,208	(573,355)	51,463
Net income (loss)	(1,636,010)	75,740	(1,480,962)	241,241
Net loss attributable to non-controlling interest	(136,911)	(60,682)	(166,021)	(227,640)
Net income (loss) attributable to Sino-Global Shipping America, Ltd.	(1,499,099)	136,422	(1,314,941)	468,881
Comprehensive income (loss)
Net income (loss)	(1,636,010)	75,740	(1,480,962)	241,241
Foreign currency translation (loss) gain	82,318	22,262	(38,318)	88,796
Comprehensive income (loss)	(1,553,692)	98,002	(1,519,280)	330,037
Less: Comprehensive income (loss) attributable to non-controlling interest	57,663	(29,472)	(869)	(164,696)
Comprehensive income (loss) attributable to Sino-Global Shipping America Ltd.	$ (1,611,355)	$ 127,474	$ (1,518,411)	$ 494,733
Earnings (deficit) per share
-Basic and diluted (in dollars per share)	$ (0.18)	$ 0.02	$ (0.16)	$ 0.08
Weighted average number of common shares used in computation
-Basic and diluted (in shares)	8,433,341	6,200,841	8,377,634	6,054,933

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Operating Activities
Net income (loss)	$ (1,480,962)	$ 241,241
Adjustment to reconcile net income (loss) to net cash used in operating activities
Amortization of stock-based compensation to consultants	548,917	193,156
Depreciation and amortization	29,076	108,364
Provision (recovery) of doubtful accounts on third party receivables	622,556	(17,013)
Provision of doubtful accounts on related party receivable	174,759	0
Deferred tax provision (benefit)	280,600	(57,300)
Loss on disposition of property and equipment	0	1,483
Changes in assets and liabilities
Decrease (increase) in advances to suppliers	49,101	(584,071)
Increase in accounts receivable	(269,756)	(905,468)
Increase in other receivables	(654,229)	(399,514)
Decrease (increase) in prepaid expense	58,728	(195,831)
Increase in other current assets	(28,613)	0
Decrease in other long-term assets	3,240	8
Decrease in due from related parties	64,345	806,243
(Decrease) increase in advances from customers	(100,370)	24,638
Decrease in accounts payable	(396,698)	(185,385)
Increase (decrease) in accrued expenses	13,420	(145,449)
Increase in taxes payable	413,510	67,985
(Decrease) increase in other current liabilities	(19,400)	77,323
Net cash used in operating activities	(691,776)	(969,590)
Investing Activities
Acquisitions of property and equipment	(3,302)	(27,108)
Cash collected from the termination of vessel acquisition	332,413	0
Collection of short-term loan from related party	0	1,119,241
Net cash provided by investing activities	329,111	1,092,133
Financing Activities
Proceeds from issuance of common stock, net	691,600	967,820
Purchase of common stock	(41,270)	0
Net cash provided by financing activities	650,330	967,820
Effect of exchange rate fluctuations on cash and cash equivalents	76,589	38,853
Net increase in cash and cash equivalents	364,254	1,129,216
Cash and cash equivalents at beginning of period	730,322	902,531
Cash and cash equivalents at end of period	1,094,576	2,031,747
Supplemental information
Income taxes paid	0	8,104
Non-cash transactions of operating activities:
Issuance of common stock to pay for professional services	255,000	672,000
LSM Acquisition [Member]
Non-cash transactions of operating activities:
Shares issued	0	83,500
Vessel Acquisition [Member]
Non-cash transactions of operating activities:
Shares issued	$ 2,220,000	$ 0

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	6 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Organization Consolidation and Presentation Of Financial Statements Disclosure [Text Block]	Note 1. ORGANIZATION AND NATURE OF BUSINESS Founded in the United States (“US”) in 2001, Sino-Global Shipping America, Ltd. (“Sino-Global” or the “Company”) is a shipping agency, logistics and ship management services company. The Company’s current service offerings consist of shipping agency services, shipping and chartering services, inland transportation management services and ship management services. The Company conducts its business primarily through its wholly-owned subsidiaries in China, Hong Kong, Australia, and Canada. Substantially all of the Company’s business is generated from clients located in the People’s Republic of China (the “PRC”), and its operations are primarily conducted in the PRC and Hong Kong. The Company’s subsidiary in China, Trans Pacific Shipping Limited (“Trans Pacific Beijing”), a wholly owned foreign enterprise, invested in one 90%-owned subsidiary, Trans Pacific Logistics Shanghai Limited (“Trans Pacific Shanghai”. Trans Pacific Beijing and Trans Pacific Shanghai are referred to collectively as “Trans Pacific”). As PRC laws and regulations restrict foreign ownership of local shipping agency service businesses, the Company provided its shipping agency services in the PRC through Sino-Global Shipping Agency Ltd. (“Sino-China” or “VIE”), a Chinese legal entity, which holds the licenses and permits necessary to operate local shipping agency services in the PRC. Trans Pacific Beijing and Sino-China do not have a parent-subsidiary relationship. Trans Pacific Beijing has contractual arrangements with Sino-China and its shareholders that enable the Company to substantially control Sino-China. Through Sino-China, the Company has the ability to provide local shipping agency services in all commercial ports in the PRC. During fiscal year 2014, the Company completed a number of cost reduction initiatives and reorganized its shipping agency business in the PRC to improve its operating margin. In light of the Company’s decision not to pursue the local shipping agency business and as a result of the business reorganization efforts since approximately June 30, 2014, the Company no longer provides shipping agency services through its VIE structure and has not undertaken any business through or with Sino-China as of December 31, 2015 since approximately June 2014. The Company’s shipping agency business is operated by its subsidiaries in Hong Kong and Australia. The Company’s ship management services are operated by its subsidiary in Hong Kong. The Company’s shipping and chartering services are operated by its company in the US and subsidiaries in HK. The Company’s inland transportation management services are operated by its subsidiary in China.

LIQUIDITY

LIQUIDITY	6 Months Ended
	Dec. 31, 2015
LIQUIDITY [Abstract]
LIQUIDITY [Text Block]	Note 2. LIQUIDITY As reflected in the Company’s unaudited condensed consolidated financial statements, the Company had a net loss and negative cash flow from operating activities for the six months ended December 31, 2015. Revenue from the Company’s shipping agency service business segment was in a decreasing trend due to higher overhead costs and decreased number of ships served. In addition, the Company terminated the vessel acquisition agreement during the quarter ended December 31, 2015 which reduced the Company’s revenue source from the shipping and chartering service segment. In assessing its liquidity, management monitors and analyzes the Company’s cash on-hand, its ability to generate sufficient revenue source in the future and its operating and capital expenditure commitments. The Company plans to fund continuing operations through spinning off its unprofitable business segment, identifying new prospective joint venture and strategic alliance opportunities for new revenue sources, financial support by major shareholders and cutting costs to improve profitability and replenish working capital. Management believes that the foregoing measures collectively will provide sufficient liquidity for the Company to meet its future liquidity and capital obligations.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). All significant intercompany transactions and balances have been eliminated in consolidation. In the opinion of management, all 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 Company’s 2015 annual report on Form 10-K filed on September 18, 2015. The unaudited condensed consolidated financial statements include the accounts of the Company, its subsidiaries, and its affiliates. All significant intercompany transactions and balances are eliminated in consolidation. Sino-China is considered a variable interest entity (“VIE”), and the Company is the primary beneficiary. The Company through Trans Pacific Beijing entered into agreements with Sino-China, pursuant to which the Company receives 90 As a VIE, Sino-China’s revenues are included in the Company’s total revenues, and its loss from operations is consolidated with that of the Company. Because of the contractual arrangements, the Company had a pecuniary interest in Sino-China that requires consolidation of the financial statements of the Company and Sino-China. The Company has consolidated Sino-China’s operating results because the entities are under common control in accordance with ASC 805-10, “Business Combinations”. The agency relationship between the Company and Sino-China and its branches is governed by a series of contractual arrangements pursuant to which the Company has substantial control over Sino-China. Management makes ongoing reassessments of whether the Company is the primary beneficiary of Sino-China. December 31, June 30, 2015 2015 Total current assets $ 74,284 $ 59,069 Total assets $ 181,877 $ 189,499 Total current liabilities $ 24,902 $ 19,732 Total liabilities $ 24,902 $ 19,732 ( · Revenues from shipping agency services are recognized upon completion of services, which coincides with the date of departure of the relevant vessel from port. Advance payments and deposits received from customers prior to the provision of services and recognition of the related revenues are presented as advances from customers. · Revenues from shipping and chartering services are recognized upon performance of services as stipulated in the underlying contract. · Revenues from inland transportation management services are recognized when commodities are being released from the customer’s warehouse. · Revenues from ship management services are recognized when the related contractual services are rendered. The accounts of the Company and its subsidiaries, including Sino-China and each of its branches are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The Company’s functional currency is the US dollar (“USD”) while Sino-China reports its financial position and results of operations in Renminbi (“RMB”). The accompanying unaudited condensed consolidated financial statements are presented in US dollars. Foreign currency transactions are translated into USD using fixed exchange rates in effect at the time of the transaction. Generally foreign exchange gains and losses resulting from the settlement of such transactions are recognized in the unaudited condensed consolidated statements of operations. The Company translates foreign currency financial statements of Sino-China, Sino-Global Shipping Australia, Sino-Global Shipping Hong Kong, Sino-Global Shipping Canada and Trans Pacific Beijing in accordance with ASC 830-10, “Foreign Currency Matters”. Assets and liabilities are translated at current exchange rates quoted by the People’s Bank of China at the balance sheet dates and revenues and expenses are translated at average exchange rates in effect during the year. Resulting translation adjustments are recorded as other comprehensive income (loss) and accumulated as a separate component of equity of the Company and also included in non-controlling interest. December June Six months ended Three months ended 2015 2015 2015 2014 2015 2014 Foreign currency Balance Sheet Balance Sheet Profits/Loss Profits/Loss Profits/Loss Profits/Loss RMB:1USD 6.4952 6.1988 6.3468 6.1565 6.3906 6.1484 1AUD:USD 1.3710 1.2986 1.3842 1.1262 1.3891 1.1705 1HKD:USD 7.7508 7.7520 7.7512 7.7534 7.7506 7.7557 1CAD:USD 1.3847 1.2475 1.3221 1.1126 1.3356 1.1362 Cash and cash equivalents consist of cash on hand, and other highly liquid investments which are unrestricted as to withdrawal or use, and which have maturities of three months or less when purchased. The Company maintains cash and cash equivalents with various financial institutions mainly in the PRC, Australia, Hong Kong and the United States. As of December 31, 2015 and June 30, 2015, cash balances of $ 233,678 65,191 Accounts receivable are presented at net realizable value. The Company maintains allowances for doubtful accounts for estimated losses. The Company reviews the accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balances, customers’ historical payment history, their current credit-worthiness and current economic trends. Receivables are considered past due after 365 days. Accounts Receivable are written off after exhaustive efforts at collection. Basic earnings per share is computed by dividing net income attributable to holders of common shares by the weighted average number of common shares outstanding during the applicable period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common shares were exercised or converted into common shares. Common share equivalents are excluded from the computation of diluted earnings per share if their effects would be anti-dilutive. The effect of 66,000 139,032 The Company’s business, financial position and results of operations may be influenced by the political, economic, and legal environments in the PRC, as well as by the general state of the PRC economy. The Company’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in the PRC, and by changes in governmental policies or interpretations with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things. In addition, the Company only controls Sino-China through a series of agreements. If such agreements were cancelled, modified or otherwise not complied with, the Company may not be able to retain control of this consolidated entity and the impact could be material to the Company’s operations. Moreover, the Company’s ability to grow its business and maintain its profitability could be negatively affected by the nature and extent of services provided to its major customer, Tianjin Zhi Yuan Investment Group Co., Ltd. (the “Zhiyuan Investment Group”). Other current liabilities in 2014 cash flows have been reclassified to taxes payable and other current liabilities to conform to the current period presentation. In November 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes, which changes how deferred taxes are classified on organizations’ balance sheets”. The ASU eliminates the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. The amendments apply to all organizations that present a classified balance sheet. For public companies, the amendments are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company does not expect this update will have a material impact on the Company's consolidated financial position, results of operations and cash flows. In January 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”. The new guidance is intended to improve the recognition and measurement of financial instruments. The new guidance makes targeted improvements to existing U.S. GAAP by: (1) Requiring equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requiring public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; (2) Requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; (3) Eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and. (4) Requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. The new guidance is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company does not expect this update will have a material impact on the Company's consolidated financial position, results of operations and cash flows.

ADVANCES TO SUPPLIERS

ADVANCES TO SUPPLIERS	6 Months Ended
	Dec. 31, 2015
Advances To Suppliers [Abstract]
Advances To Suppliers [Text Block]	Note 4. ADVANCES TO SUPPLIERS December 31, June 30, 2015 2015 Sainuo Investment Management Ltd (a) $ - $ 48,396 Others 1,874 2,579 Total $ 1,874 $ 50,975 (a) On November 3, 2014, the Company entered into an advisory service agreement with Sainuo Investment Management Ltd. (“Sainuo”) whereby Sainuo, a professional services firm based in the PRC specializing in mergers and acquisitions, business restructuring and appraisal, had been engaged to assist the Company in the identification of suitable acquisition candidates, performance of required due diligence and other business advisory services. Pursuant to the service agreement, Sainuo is entitled to a service fee (which amount is calculated based on 8 3.5 3.5 300,000 3.2 3.5 300 46,188 1.2 On December 7, 2015, the Company and the vessel seller entered into a supplemental agreement to terminate the proposed vessel acquisition. Accordingly, the advance payment of RMB 330

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	6 Months Ended
	Dec. 31, 2015
Accounts Receivable and Payable [Abstract]
Accounts Receivable Net Disclosure [Text Block]	Note 5. ACCOUNTS RECEIVABLE, NET December 31, June 30, 2015 2015 Trade accounts receivable $ 3,258,158 $ 3,559,459 Less: allowances for doubtful accounts (703,498) (477,240) Accounts receivables, net $ 2,554,660 $ 3,082,219 For the three and six months ended December 31, 2015 and 2014, $ 365,622 0

OTHER RECEIVABLES

OTHER RECEIVABLES	6 Months Ended
	Dec. 31, 2015
Other Assets And Other Liabilities Disclosure Current [Abstract]
Other Assets And Other Liabilities Disclosure Current [Text Block]	Note 6. OTHER RECEIVABLES Other receivables represent mainly prepaid employee insurance and welfare benefit which will be subsequently deducted from the employee payroll, guarantee deposits on behalf of ship owners as well as office lease deposits with the landlords.

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	6 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	Note 7. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities represent mainly payroll and welfare payable, accrued expenses and other miscellaneous items.

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	6 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses Disclosure [Text Block]	Note 8. PREPAID EXPENSES AND OTHER CURRENT ASSETS December 31, June 30, 2015 2015 Consultant fees (1) $ 1,081,765 $ 1,375,681 Deposit for Vessel (2) 2,220,000 - Advance to employees 214,892 166,772 Insurance - 77,584 Other 430,633 81,923 Total 3,947,290 1,701,960 Less current portion 3,904,181 1,265,609 Total noncurrent portion $ 43,109 $ 436,351 (1): The Company entered into management consulting and advisory services agreements with two consultants on June 6, 2014, pursuant to which the consultants should assist the Company in, among other things, financial and tax due diligence, business evaluation and integration, and development of pro forma financial statements. In return for their services, as approved by the Company’s Board of Directors, a total of 600,000 200,000 2.34 400,000 1.68 In addition, on May 5, 2015, the Company entered into management consulting and advisory services agreements with three consultants, pursuant to which the consultants should assist the Company in, among other things, review of time charter agreements; crew management advisory; development of permanent and preventive maintenance standards related to dry dockings and ship repairs; development of regular technical and marine vessel inspections and quality control procedures; and development and implementation of alternative remedial actions to address any technical problems that may arise. In return for their services, as approved by the Company’s Board of Directors, a total of 500,000 1.50 On December 9, 2015, the Company entered into a consulting and advisory services agreement with a consultant, pursuant to which the consultant will assist the Company for corporate restructuring, business evaluation and capitalization during the period from November 20, 2015 to November 19, 2016. In return for such services, the Company issued 250,000 1.02 250,000 30,000 The above mentioned consulting fees have been and will be ratably charged to expense over the terms of the above mentioned agreements.

PROPERTY AND EQUIPMENT, NET.

PROPERTY AND EQUIPMENT, NET.	6 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Note 9. PROPERTY AND EQUIPMENT, NET. December 31, June 30, 2015 2015 Land and building $ 207,235 $ 217,144 Motor vehicles 509,321 534,825 Computer equipment 142,039 146,739 Office equipment 60,469 62,745 Furniture and fixtures 155,658 156,085 System software 122,674 128,286 Leasehold improvement 65,619 68,758 Total 1,263,015 1,314,582 Less: Accumulated depreciation and amortization 1,082,162 1,100,579 Property and equipment, net $ 180,853 $ 214,003 Depreciation and amortization expense for the six months ended December 31, 2015 and 2014 were $ 29,076 108,364 13,723 52,804

OTHER LONG-TERM ASSETS

OTHER LONG-TERM ASSETS	6 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets Disclosure [Text Block]	Note 10. OTHER LONG-TERM ASSETS December 31, June 30, 2015 2015 Installment payment related to Vessel acquisition $ - $ 2,736,229 Rent deposit 34,439 37,679 Total $ 34,439 $ 2,773,908 On April 10, 2015, the Company entered into an Asset Purchase Agreement with Rong Yao International Shipping Limited, a Hong Kong company (the “Vessel Seller”), pursuant to which the Company agreed to acquire, subject to a number of closing conditions, “Rong Zhou,” an 8,818 gross tonnage oil/chemical transportation tanker (the “Vessel”) from the Vessel Seller; and in connection therewith, the Company issued to the Vessel Seller 1.2 2,220,000 10.5 1.85 1.2 3.5 3.2 2,736,229 3.2 516,229 In connection with the termination of the Assets Purchase Agreement as discussed in Note 4, the Vessel Seller has agreed to return the 1.2 330,000 330,000 1.2 2.22

EQUITY TRANSACTIONS

EQUITY TRANSACTIONS	6 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Note 11. EQUITY TRANSACTIONS On July 10, 2015, the Company sold 500,000 691,600

NON-CONTROLLING INTEREST

NON-CONTROLLING INTEREST	6 Months Ended
	Dec. 31, 2015
Noncontrolling Interest [Abstract]
Noncontrolling Interest Disclosure [Text Block]	Note 12. NON-CONTROLLING INTEREST December 31, June 30, 2015 2015 Sino-China: Original paid-in capital $ 356,400 $ 356,400 Additional paid-in capital 1,017 1,044 Accumulated other comprehensive loss 27 (67,640) Accumulated deficit (5,085,623) (5,018,688) (4,728,179) (4,728,884) Trans Pacific Logistics Shanghai Ltd. 17,372 18,946 Total $ (4,710,807) $ (4,709,938)

COMMITMENTS AND CONTIGENCIES

COMMITMENTS AND CONTIGENCIES	6 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 13. COMMITMENTS AND CONTIGENCIES Lease Obligations Amount Twelve months ending December 31, 2016 $ 212,910 2017 132,736 2018 66,597 2019 45,194 Thereafter - $ 457,437 Rent expense for the six months ended December 31, 2015 and 2014 were $ 108,191 100,212 57,673 39,261 Legal proceedings During the quarter ended December 31, 2015, a former Vice President of the Company, Mr. Alexander Chen, filed a complaint with the U.S. Department of Labor-Occupational Safety and Health Administration (“OSHA”) against the Company and three current or former executives. Mr. Chen is seeking $ 350,000

INCOME TAXES

INCOME TAXES	6 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 14. INCOME TAXES Income tax expense for the six months and three months ended December 31, 2015 and 2014 varied from the amount computed by applying the statutory income tax rate to income before taxes. 35 For the six months ended For the three months ended 2015 2014 2015 2014 % % % % U.S. expected federal income tax benefit 35.0 35.0 35.0 35.0 U.S state, local tax net of federal benefit 10.9 10.9 10.9 10.9 U.S. permanent difference (0.6) (0.2) (0.8) (0.3) U.S. temporary difference (45.3) (45.6) (45.1) (45.6) Permanent difference related to other countries 88.2 56.4 50.5 76.3 PRC statutory income tax expense (25.0) (25.0) (25.0) (25.0) Hong Kong statutory income tax rate (16.5) (16.5) 16.5 (16.5) Hong Kong income tax benefit 16.5 12.1 (16.5) 12.2 Total tax benefit 63.2 27.1 25.5 47.0 The U.S. temporary difference was mainly comprised of unearned compensation amortization and provision for allowance for doubtful accounts. For the six months ended For the three months ended 2015 2014 2015 2014 Current USA $ - $ - $ - $ - Hong Kong - (5,837) - (4,192) China (292,755) - (32,933) - (292,755) (5,837) (32,933) (4,192) Deferred - - USA (280,600) 57,300 (299,600) 28,400 Other countries - - - - (280,600) 57,300 (299,600) 28,400 Total income tax (expense) benefit $ (573,355) $ 51,463 $ (332,533) $ 24,208 December 31, June 30, 2015 2015 Allowance for doubtful accounts $ 220,000 $ 248,000 Stock-based compensation 632,000 382,000 Net operating loss 2,826,000 2,176,000 Total deferred tax assets 3,678 ,000 2,806,000 Valuation allowance (3,678,000) (2,525,400) Deferred tax assets, net - long-term $ - $ 280,600 Our operations in the U.S. have incurred a cumulative net operating loss of approximately $ 7,252,000 5,591,000 2035 The Company periodically evaluates the likelihood of the realization of deferred tax assets, and reduces the carrying amount of the deferred tax assets by a valuation allowance to the extent it believes a portion will not be realized. The Company considers many factors when assessing the likelihood of future realization of the deferred tax assets, including its recent cumulative earnings experience, expectation of future income, the carry forward periods available for tax reporting purposes, and other relevant factors. Due to the termination of the proposed vessel acquisition in December 2015, management concluded that the chances for the Company’s U.S. entities to be profitable in the foreseeable future became remote, and accordingly 100 December 31, June 30, 2015 2015 VAT tax payable $ 418,823 $ 296,935 Corporate income tax payable 934,793 664,132 Others 56,541 35,581 Total $ 1,410,157 $ 996,648

CONCENTRATIONS

CONCENTRATIONS	6 Months Ended
	Dec. 31, 2015
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	Note 15. CONCENTRATIONS Major Customers For the six months ended December 31, 2015, two customers accounted for 32 22 21 19 13 Major Suppliers For the six months ended December 31, 2015, two suppliers accounted for 46 21 60 16 12

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Note 16. SEGMENT REPORTING ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company's business segments. The Company's chief operating decision maker has been identified as the Chief Executive Officer who reviews the financial information of separate operating segments when making decisions about allocating resources and assessing performance of the group. Based on management's assessment, the Company has determined that it has three operating segments: shipping agency service, shipping and chartering services, and inland transportation management services. The following tables present summary information by segment for the six and three months ended December 31, 2015 and 2014, respectively: For the six months Ended December 31, 2015 Shipping Agency & Shipping & Chartering Inland Transportation Total Revenues $ 1,549,256 $ 462,218 $ 2,284,695 $ 4,296,169 Cost of revenues $ 1,243,601 $ 212,510 $ 491,692 $ 1,947,803 Gross profit $ 305,655 $ 249,708 $ 1,793,003 $ 2,348,366 Depreciation and amortization $ 16,940 $ 1,958 $ 10,178 $ 29,076 Total capital expenditures $ 3,302 $ - $ - $ 3,302 Total assets $ 4,024,625 $ 414,710 $ 6,608,391 $ 11,047,726 For the six months Ended December 31, 2014 Shipping Agency & Shipping & Chartering Inland Transportation Total Revenues $ 3,459,790 $ - $ 2,238,715 $ 5,698,505 Cost of revenues $ 2,776,790 $ - $ 307,224 $ 3,084,014 Gross profit $ 683,000 $ - $ 1,931,491 $ 2,614,491 Depreciation and amortization $ 102,692 $ - $ 5,672 $ 108,364 Total capital expenditures $ 27,108 $ - $ - $ 27,108 Total assets $ 3,510,977 $ - $ 4,011,947 $ 7,522,924 For the three months Ended December 31, 2015 Shipping Agency & Shipping & Chartering Inland Transportation Total Revenues $ 489,871 $ 16,000 $ 1,091,080 $ 1,596,951 Cost of revenues $ 395,988 $ 8,000 $ 303,139 $ 707,127 Gross profit $ 93,883 $ 8,000 $ 787,941 $ 889,824 Depreciation and amortization $ 7,030 $ 1,782 $ 4,911 $ 13,723 Total capital expenditures $ 2,375 $ - $ - $ 2,375 Total assets $ 4,024,625 $ 414,710 $ 6,608,391 $ 11,047,726 For the three months Ended December 31, 2014 Shipping Agency & Shipping & Chartering Inland Transportation Total Revenues $ 1,800,499 $ - $ 1,292,081 $ 3,092,580 Cost of revenues $ 1,493,285 $ - $ 181,576 $ 1,674,861 Gross profit $ 307,214 $ - $ 1,110,505 $ 1,417,719 Depreciation and amortization $ 49,948 $ - $ 2,856 $ 52,804 Total capital expenditures $ 11,769 $ - $ - $ 11,769 Total assets $ 3,510,977 $ - $ 4,011,947 $ 7,522,924

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 17. RELATED PARTY TRANSACTIONS In June 2013, the Company signed a 5 2,609,831 7.4 2,720,246 At June 30, 2015, the Company was owed $ 174,759

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 18. SUBSEQUENT EVENTS In January 2016, the Company formed a new subsidiary Sino-Global Shipping LA Inc. for the purpose of expanding its business to provide import security filing services with U.S Customs and Department of Homeland Security, on behalf of importers who ship goods into the U.S. The Company expects to expand its service platform to generate increased revenue from this new business in the near future. Effective February 11, 2016, the Compensation Committee of the Board of Directors of the Company granted 660,000 349,800 0.53 As of the date of this report, the Company received 1.2 million shares from the Vessel Seller, as further discussed in Note 10.

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis Of Accounting, Policy [Policy Text Block]	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). All significant intercompany transactions and balances have been eliminated in consolidation. In the opinion of management, all 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 Company’s 2015 annual report on Form 10-K filed on September 18, 2015.
Consolidation, Policy [Policy Text Block]	(b) Basis of Consolidation The unaudited condensed consolidated financial statements include the accounts of the Company, its subsidiaries, and its affiliates. All significant intercompany transactions and balances are eliminated in consolidation. Sino-China is considered a variable interest entity (“VIE”), and the Company is the primary beneficiary. The Company through Trans Pacific Beijing entered into agreements with Sino-China, pursuant to which the Company receives 90 As a VIE, Sino-China’s revenues are included in the Company’s total revenues, and its loss from operations is consolidated with that of the Company. Because of the contractual arrangements, the Company had a pecuniary interest in Sino-China that requires consolidation of the financial statements of the Company and Sino-China. The Company has consolidated Sino-China’s operating results because the entities are under common control in accordance with ASC 805-10, “Business Combinations”. The agency relationship between the Company and Sino-China and its branches is governed by a series of contractual arrangements pursuant to which the Company has substantial control over Sino-China. Management makes ongoing reassessments of whether the Company is the primary beneficiary of Sino-China. December 31, June 30, 2015 2015 Total current assets $ 74,284 $ 59,069 Total assets $ 181,877 $ 189,499 Total current liabilities $ 24,902 $ 19,732 Total liabilities $ 24,902 $ 19,732
Revenue Recognition, Policy [Policy Text Block]	( · Revenues from shipping agency services are recognized upon completion of services, which coincides with the date of departure of the relevant vessel from port. Advance payments and deposits received from customers prior to the provision of services and recognition of the related revenues are presented as advances from customers. · Revenues from shipping and chartering services are recognized upon performance of services as stipulated in the underlying contract. · Revenues from inland transportation management services are recognized when commodities are being released from the customer’s warehouse. · Revenues from ship management services are recognized when the related contractual services are rendered.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	(d) Translation of Foreign Currency The accounts of the Company and its subsidiaries, including Sino-China and each of its branches are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The Company’s functional currency is the US dollar (“USD”) while Sino-China reports its financial position and results of operations in Renminbi (“RMB”). The accompanying unaudited condensed consolidated financial statements are presented in US dollars. Foreign currency transactions are translated into USD using fixed exchange rates in effect at the time of the transaction. Generally foreign exchange gains and losses resulting from the settlement of such transactions are recognized in the unaudited condensed consolidated statements of operations. The Company translates foreign currency financial statements of Sino-China, Sino-Global Shipping Australia, Sino-Global Shipping Hong Kong, Sino-Global Shipping Canada and Trans Pacific Beijing in accordance with ASC 830-10, “Foreign Currency Matters”. Assets and liabilities are translated at current exchange rates quoted by the People’s Bank of China at the balance sheet dates and revenues and expenses are translated at average exchange rates in effect during the year. Resulting translation adjustments are recorded as other comprehensive income (loss) and accumulated as a separate component of equity of the Company and also included in non-controlling interest. December June Six months ended Three months ended 2015 2015 2015 2014 2015 2014 Foreign currency Balance Sheet Balance Sheet Profits/Loss Profits/Loss Profits/Loss Profits/Loss RMB:1USD 6.4952 6.1988 6.3468 6.1565 6.3906 6.1484 1AUD:USD 1.3710 1.2986 1.3842 1.1262 1.3891 1.1705 1HKD:USD 7.7508 7.7520 7.7512 7.7534 7.7506 7.7557 1CAD:USD 1.3847 1.2475 1.3221 1.1126 1.3356 1.1362
Cash and Cash Equivalents, Policy [Policy Text Block]	(e) Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand, and other highly liquid investments which are unrestricted as to withdrawal or use, and which have maturities of three months or less when purchased. The Company maintains cash and cash equivalents with various financial institutions mainly in the PRC, Australia, Hong Kong and the United States. As of December 31, 2015 and June 30, 2015, cash balances of $ 233,678 65,191
Trade and Other Accounts Receivable, Policy [Policy Text Block]	(f) Accounts Receivable Accounts receivable are presented at net realizable value. The Company maintains allowances for doubtful accounts for estimated losses. The Company reviews the accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balances, customers’ historical payment history, their current credit-worthiness and current economic trends. Receivables are considered past due after 365 days. Accounts Receivable are written off after exhaustive efforts at collection.
Earnings Per Share, Policy [Policy Text Block]	(g) Earnings (deficit) per Share Basic earnings per share is computed by dividing net income attributable to holders of common shares by the weighted average number of common shares outstanding during the applicable period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common shares were exercised or converted into common shares. Common share equivalents are excluded from the computation of diluted earnings per share if their effects would be anti-dilutive. The effect of 66,000 139,032
Risks and Uncertainties [Policy Text Block]	(h) Risks and Uncertainties The Company’s business, financial position and results of operations may be influenced by the political, economic, and legal environments in the PRC, as well as by the general state of the PRC economy. The Company’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in the PRC, and by changes in governmental policies or interpretations with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things. In addition, the Company only controls Sino-China through a series of agreements. If such agreements were cancelled, modified or otherwise not complied with, the Company may not be able to retain control of this consolidated entity and the impact could be material to the Company’s operations. Moreover, the Company’s ability to grow its business and maintain its profitability could be negatively affected by the nature and extent of services provided to its major customer, Tianjin Zhi Yuan Investment Group Co., Ltd. (the “Zhiyuan Investment Group”).
Reclassification, Policy [Policy Text Block]	(i) Reclassifications Other current liabilities in 2014 cash flows have been reclassified to taxes payable and other current liabilities to conform to the current period presentation.
New Accounting Pronouncements, Policy [Policy Text Block]	(j) Recent Accounting Pronouncements In November 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes, which changes how deferred taxes are classified on organizations’ balance sheets”. The ASU eliminates the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. The amendments apply to all organizations that present a classified balance sheet. For public companies, the amendments are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company does not expect this update will have a material impact on the Company's consolidated financial position, results of operations and cash flows. In January 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”. The new guidance is intended to improve the recognition and measurement of financial instruments. The new guidance makes targeted improvements to existing U.S. GAAP by: (1) Requiring equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requiring public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; (2) Requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; (3) Eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and. (4) Requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. The new guidance is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company does not expect this update will have a material impact on the Company's consolidated financial position, results of operations and cash flows.

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Schedule Of Condensed Balance Sheet [Table Text Block]	December 31, June 30, 2015 2015 Total current assets $ 74,284 $ 59,069 Total assets $ 181,877 $ 189,499 Total current liabilities $ 24,902 $ 19,732 Total liabilities $ 24,902 $ 19,732
Schedule Of Differences Between Reported Amount and Reporting Currency Denominated Amount [Table Text Block]	The exchange rates as of December 31, 2015 and June 30, 2015 and for the six and three months ended December 31, 2015 and 2014 are as follows: December June Six months ended Three months ended 2015 2015 2015 2014 2015 2014 Foreign currency Balance Sheet Balance Sheet Profits/Loss Profits/Loss Profits/Loss Profits/Loss RMB:1USD 6.4952 6.1988 6.3468 6.1565 6.3906 6.1484 1AUD:USD 1.3710 1.2986 1.3842 1.1262 1.3891 1.1705 1HKD:USD 7.7508 7.7520 7.7512 7.7534 7.7506 7.7557 1CAD:USD 1.3847 1.2475 1.3221 1.1126 1.3356 1.1362

ADVANCES TO SUPPLIERS (Tables)

ADVANCES TO SUPPLIERS (Tables)	6 Months Ended
	Dec. 31, 2015
Advances To Suppliers [Abstract]
Schedule Of Advance To Suppliers [Table Text Block]	December 31, June 30, 2015 2015 Sainuo Investment Management Ltd (a) $ - $ 48,396 Others 1,874 2,579 Total $ 1,874 $ 50,975 (a) On November 3, 2014, the Company entered into an advisory service agreement with Sainuo Investment Management Ltd. (“Sainuo”) whereby Sainuo, a professional services firm based in the PRC specializing in mergers and acquisitions, business restructuring and appraisal, had been engaged to assist the Company in the identification of suitable acquisition candidates, performance of required due diligence and other business advisory services. Pursuant to the service agreement, Sainuo is entitled to a service fee (which amount is calculated based on 8 3.5 3.5 300,000 3.2 3.5 300 46,188 1.2

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	6 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	The Company’s net accounts receivable is as follows: December 31, June 30, 2015 2015 Trade accounts receivable $ 3,258,158 $ 3,559,459 Less: allowances for doubtful accounts (703,498) (477,240) Accounts receivables, net $ 2,554,660 $ 3,082,219

PREPAID EXPENSES AND OTHER CU28

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	6 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Current Assets [Table Text Block]	December 31, June 30, 2015 2015 Consultant fees (1) $ 1,081,765 $ 1,375,681 Deposit for Vessel (2) 2,220,000 - Advance to employees 214,892 166,772 Insurance - 77,584 Other 430,633 81,923 Total 3,947,290 1,701,960 Less current portion 3,904,181 1,265,609 Total noncurrent portion $ 43,109 $ 436,351 (1): The Company entered into management consulting and advisory services agreements with two consultants on June 6, 2014, pursuant to which the consultants should assist the Company in, among other things, financial and tax due diligence, business evaluation and integration, and development of pro forma financial statements. In return for their services, as approved by the Company’s Board of Directors, a total of 600,000 200,000 2.34 400,000 1.68 In addition, on May 5, 2015, the Company entered into management consulting and advisory services agreements with three consultants, pursuant to which the consultants should assist the Company in, among other things, review of time charter agreements; crew management advisory; development of permanent and preventive maintenance standards related to dry dockings and ship repairs; development of regular technical and marine vessel inspections and quality control procedures; and development and implementation of alternative remedial actions to address any technical problems that may arise. In return for their services, as approved by the Company’s Board of Directors, a total of 500,000 1.50 On December 9, 2015, the Company entered into a consulting and advisory services agreement with a consultant, pursuant to which the consultant will assist the Company for corporate restructuring, business evaluation and capitalization during the period from November 20, 2015 to November 19, 2016. In return for such services, the Company issued 250,000 1.02 250,000 30,000 The above mentioned consulting fees have been and will be ratably charged to expense over the terms of the above mentioned agreements.

PROPERTY AND EQUIPMENT, NET. (T

PROPERTY AND EQUIPMENT, NET. (Tables)	6 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	The Company’s net property and equipment are as follows: December 31, June 30, 2015 2015 Land and building $ 207,235 $ 217,144 Motor vehicles 509,321 534,825 Computer equipment 142,039 146,739 Office equipment 60,469 62,745 Furniture and fixtures 155,658 156,085 System software 122,674 128,286 Leasehold improvement 65,619 68,758 Total 1,263,015 1,314,582 Less: Accumulated depreciation and amortization 1,082,162 1,100,579 Property and equipment, net $ 180,853 $ 214,003

OTHER LONG-TERM ASSETS (Tables)

OTHER LONG-TERM ASSETS (Tables)	6 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets, Noncurrent [Table Text Block]	The Company’s other long-term assets are as follows: December 31, June 30, 2015 2015 Installment payment related to Vessel acquisition $ - $ 2,736,229 Rent deposit 34,439 37,679 Total $ 34,439 $ 2,773,908

NON-CONTROLLING INTEREST (Table

NON-CONTROLLING INTEREST (Tables)	6 Months Ended
	Dec. 31, 2015
Noncontrolling Interest [Abstract]
Minority Interest [Table Text Block]	The Company’s non-controlling interest consists of the following: December 31, June 30, 2015 2015 Sino-China: Original paid-in capital $ 356,400 $ 356,400 Additional paid-in capital 1,017 1,044 Accumulated other comprehensive loss 27 (67,640) Accumulated deficit (5,085,623) (5,018,688) (4,728,179) (4,728,884) Trans Pacific Logistics Shanghai Ltd. 17,372 18,946 Total $ (4,710,807) $ (4,709,938)

COMMITMENTS AND CONTIGENCIES (T

COMMITMENTS AND CONTIGENCIES (Tables)	6 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	The Company leases certain office premises and apartments for employees under operating leases through August 31, 2019. Future minimum lease payments under operating lease agreements are as follows: Amount Twelve months ending December 31, 2016 $ 212,910 2017 132,736 2018 66,597 2019 45,194 Thereafter - $ 457,437

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Reconciliations between the expected federal income tax rate using the federal statutory tax rate of 35 For the six months ended For the three months ended 2015 2014 2015 2014 % % % % U.S. expected federal income tax benefit 35.0 35.0 35.0 35.0 U.S state, local tax net of federal benefit 10.9 10.9 10.9 10.9 U.S. permanent difference (0.6) (0.2) (0.8) (0.3) U.S. temporary difference (45.3) (45.6) (45.1) (45.6) Permanent difference related to other countries 88.2 56.4 50.5 76.3 PRC statutory income tax expense (25.0) (25.0) (25.0) (25.0) Hong Kong statutory income tax rate (16.5) (16.5) 16.5 (16.5) Hong Kong income tax benefit 16.5 12.1 (16.5) 12.2 Total tax benefit 63.2 27.1 25.5 47.0
Schedule Of Components Of Income Tax Expense (Benefit) [Table Text Block]	The income tax (expense) benefit for the six and three months ended December 31, 2015 and 2014 are as follows: For the six months ended For the three months ended 2015 2014 2015 2014 Current USA $ - $ - $ - $ - Hong Kong - (5,837) - (4,192) China (292,755) - (32,933) - (292,755) (5,837) (32,933) (4,192) Deferred - - USA (280,600) 57,300 (299,600) 28,400 Other countries - - - - (280,600) 57,300 (299,600) 28,400 Total income tax (expense) benefit $ (573,355) $ 51,463 $ (332,533) $ 24,208
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The Company’s deferred tax assets are comprised of the following: December 31, June 30, 2015 2015 Allowance for doubtful accounts $ 220,000 $ 248,000 Stock-based compensation 632,000 382,000 Net operating loss 2,826,000 2,176,000 Total deferred tax assets 3,678 ,000 2,806,000 Valuation allowance (3,678,000) (2,525,400) Deferred tax assets, net - long-term $ - $ 280,600
Schedule Of Income Taxes Payable [Table Text Block]	The Company’s taxes payable consists of the following: December 31, June 30, 2015 2015 VAT tax payable $ 418,823 $ 296,935 Corporate income tax payable 934,793 664,132 Others 56,541 35,581 Total $ 1,410,157 $ 996,648

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following tables present summary information by segment for the six and three months ended December 31, 2015 and 2014, respectively: For the six months Ended December 31, 2015 Shipping Agency & Shipping & Chartering Inland Transportation Total Revenues $ 1,549,256 $ 462,218 $ 2,284,695 $ 4,296,169 Cost of revenues $ 1,243,601 $ 212,510 $ 491,692 $ 1,947,803 Gross profit $ 305,655 $ 249,708 $ 1,793,003 $ 2,348,366 Depreciation and amortization $ 16,940 $ 1,958 $ 10,178 $ 29,076 Total capital expenditures $ 3,302 $ - $ - $ 3,302 Total assets $ 4,024,625 $ 414,710 $ 6,608,391 $ 11,047,726 For the six months Ended December 31, 2014 Shipping Agency & Shipping & Chartering Inland Transportation Total Revenues $ 3,459,790 $ - $ 2,238,715 $ 5,698,505 Cost of revenues $ 2,776,790 $ - $ 307,224 $ 3,084,014 Gross profit $ 683,000 $ - $ 1,931,491 $ 2,614,491 Depreciation and amortization $ 102,692 $ - $ 5,672 $ 108,364 Total capital expenditures $ 27,108 $ - $ - $ 27,108 Total assets $ 3,510,977 $ - $ 4,011,947 $ 7,522,924 For the three months Ended December 31, 2015 Shipping Agency & Shipping & Chartering Inland Transportation Total Revenues $ 489,871 $ 16,000 $ 1,091,080 $ 1,596,951 Cost of revenues $ 395,988 $ 8,000 $ 303,139 $ 707,127 Gross profit $ 93,883 $ 8,000 $ 787,941 $ 889,824 Depreciation and amortization $ 7,030 $ 1,782 $ 4,911 $ 13,723 Total capital expenditures $ 2,375 $ - $ - $ 2,375 Total assets $ 4,024,625 $ 414,710 $ 6,608,391 $ 11,047,726 For the three months Ended December 31, 2014 Shipping Agency & Shipping & Chartering Inland Transportation Total Revenues $ 1,800,499 $ - $ 1,292,081 $ 3,092,580 Cost of revenues $ 1,493,285 $ - $ 181,576 $ 1,674,861 Gross profit $ 307,214 $ - $ 1,110,505 $ 1,417,719 Depreciation and amortization $ 49,948 $ - $ 2,856 $ 52,804 Total capital expenditures $ 11,769 $ - $ - $ 11,769 Total assets $ 3,510,977 $ - $ 4,011,947 $ 7,522,924

ORGANIZATION AND NATURE OF BU35

ORGANIZATION AND NATURE OF BUSINESS (Details Textual)	6 Months Ended
	Dec. 31, 2015
Foreign Owned Enterprise Investment Percentage Description	The Company’s subsidiary in China, Trans Pacific Shipping Limited (“Trans Pacific Beijing”), a wholly owned foreign enterprise, invested in one 90%-owned subsidiary, Trans Pacific Logistics Shanghai Limited (“Trans Pacific Shanghai”. Trans Pacific Beijing and Trans Pacific Shanghai are referred to collectively as “Trans Pacific”).

SUMMARY OF SIGNIFICANT ACCOUN36

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Total current assets	$ 10,789,325	$ 8,105,688
Total assets	11,047,726	11,810,550	$ 7,522,924
Total current liabilities	1,824,506	1,914,044
Total liabilities	1,824,506	1,914,044
Sino - China [Member]
Total current assets	74,284	59,069
Total assets	181,877	189,499
Total current liabilities	24,902	19,732
Total liabilities	$ 24,902	$ 19,732

SUMMARY OF SIGNIFICANT ACCOUN37

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
RMB [Member] | Balance Sheet [Member]
Foreign Currency Exchange Rate, Translation1	6.4952	6.1988
RMB [Member] | Income Statement [Member]
Foreign Currency Exchange Rate, Translation1	6.3468		6.1565
RMB [Member] | Income Statement [Member]
Foreign Currency Exchange Rate, Translation1	6.3906		6.1484
AUD [Member] | Balance Sheet [Member]
Foreign Currency Exchange Rate, Translation1	1.371	1.2986
AUD [Member] | Income Statement [Member]
Foreign Currency Exchange Rate, Translation1	1.3842		1.1262
AUD [Member] | Income Statement [Member]
Foreign Currency Exchange Rate, Translation1	1.3891		1.1705
HKD [Member] | Balance Sheet [Member]
Foreign Currency Exchange Rate, Translation1	7.7508	7.752
HKD [Member] | Income Statement [Member]
Foreign Currency Exchange Rate, Translation1	7.7512		7.7534
HKD [Member] | Income Statement [Member]
Foreign Currency Exchange Rate, Translation1	7.7506		7.7557
CAD [Member] | Balance Sheet [Member]
Foreign Currency Exchange Rate, Translation1	1.3847	1.2475
CAD [Member] | Income Statement [Member]
Foreign Currency Exchange Rate, Translation1	1.3221		1.1126
CAD [Member] | Income Statement [Member]
Foreign Currency Exchange Rate, Translation1	1.3356		1.1362

SUMMARY OF SIGNIFICANT ACCOUN38

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	6 Months Ended
	Dec. 31, 2015	Jun. 30, 2015
Cash, Uninsured Amount	$ 233,678	$ 65,191
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	66,000
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	139,032
Sino - China [Member]
Net Income Percentage	90.00%

ADVANCES TO SUPPLIERS (Details)

ADVANCES TO SUPPLIERS (Details) ¥ in Thousands	Dec. 31, 2015USD ($)		Dec. 31, 2015CNY (¥)	Jun. 30, 2015USD ($)
Advance To Suppliers [Line Items]
Others	$ 1,874			$ 2,579
Total	1,874			50,975
Sainuo Investment Management Ltd [Member]
Advance To Suppliers [Line Items]
Advances To Investment Advisory Services	$ 46,188	[1]	¥ 300	$ 48,396	[1]
[1]	On November 3, 2014, the Company entered into an advisory service agreement with Sainuo Investment Management Ltd. (“Sainuo”) whereby Sainuo, a professional services firm based in the PRC specializing in mergers and acquisitions, business restructuring and appraisal, had been engaged to assist the Company in the identification of suitable acquisition candidates, performance of required due diligence and other business advisory services. Pursuant to the service agreement, Sainuo is entitled to a service fee (which amount is calculated based on 8% of the value of the acquisition but not to exceed RMB 3.5 million). On November 24, 2014, the Company advanced RMB 3.5 million to Sainuo in accordance with the service agreement, in connection with the Company’s decision to acquire Rong Zhou (see note 8), a small oil/chemical product tanker identified by Sainuo as an acquisition candidate (the “Vessel Acquisition”). Sainuo, Rong Yao International Shipping Limited, a Hong Kong company (the “Vessel Seller”). Sino-Global executed an agreement on April 22, 2015 whereby Sainuo shall collect a service fee of RMB 300,000 from the Company and remit RMB 3.2 million to the Vessel Seller as Sino-Global’s partial payment of the Vessel purchase price. The Company made a payment of RMB 3.5 million to Sainuo upon the earlier agreement, including RMB 300 thousand (US $46,188) as its advance to Sainuo for the completion of the agreed-upon advisory services, in addition to the offer of the 1.2 million shares issued to the Vessel Seller (see note 10).

ADVANCES TO SUPPLIERS (Details

ADVANCES TO SUPPLIERS (Details Textual) shares in Millions	Apr. 10, 2015CNY (¥)	Apr. 22, 2015CNY (¥)shares	Dec. 31, 2015CNY (¥)	Dec. 31, 2015CNY (¥)	Dec. 31, 2015USD ($)	[1]	Dec. 31, 2015CNY (¥)	Jun. 30, 2015USD ($)	[1]	Nov. 24, 2014CNY (¥)	Nov. 03, 2014CNY (¥)
Advance To Suppliers [Line Items]
Advance Payment To Investment Advisory Services Success Fee	¥ 3,500,000	¥ 3,500,000								¥ 3,500,000
Cash Acquired from Acquisition		300,000
Payments to Acquire Businesses, Gross	¥ 3,200,000	¥ 3,200,000
Sainuo Investment Management Ltd [Member]
Advance To Suppliers [Line Items]
Investment Advisory Services Success Fee Percentage											8.00%
Advance Payment To Investment Advisory Services Success Fee											¥ 3,500,000
Advances To Investment Advisory Services					$ 46,188		¥ 300,000	$ 48,396
Payments for Advance to Affiliate			¥ 330,000	¥ 330,000
Vessel Seller [Member]
Advance To Suppliers [Line Items]
Stock Issued During Period, Shares, New Issues | shares		1.2
[1]	On November 3, 2014, the Company entered into an advisory service agreement with Sainuo Investment Management Ltd. (“Sainuo”) whereby Sainuo, a professional services firm based in the PRC specializing in mergers and acquisitions, business restructuring and appraisal, had been engaged to assist the Company in the identification of suitable acquisition candidates, performance of required due diligence and other business advisory services. Pursuant to the service agreement, Sainuo is entitled to a service fee (which amount is calculated based on 8% of the value of the acquisition but not to exceed RMB 3.5 million). On November 24, 2014, the Company advanced RMB 3.5 million to Sainuo in accordance with the service agreement, in connection with the Company’s decision to acquire Rong Zhou (see note 8), a small oil/chemical product tanker identified by Sainuo as an acquisition candidate (the “Vessel Acquisition”). Sainuo, Rong Yao International Shipping Limited, a Hong Kong company (the “Vessel Seller”). Sino-Global executed an agreement on April 22, 2015 whereby Sainuo shall collect a service fee of RMB 300,000 from the Company and remit RMB 3.2 million to the Vessel Seller as Sino-Global’s partial payment of the Vessel purchase price. The Company made a payment of RMB 3.5 million to Sainuo upon the earlier agreement, including RMB 300 thousand (US $46,188) as its advance to Sainuo for the completion of the agreed-upon advisory services, in addition to the offer of the 1.2 million shares issued to the Vessel Seller (see note 10).

ACCOUNTS RECEIVABLE, NET (Detai

ACCOUNTS RECEIVABLE, NET (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable	$ 3,258,158	$ 3,559,459
Less: allowances for doubtful accounts	(703,498)	(477,240)
Accounts receivables, net	$ 2,554,660	$ 3,082,219

ACCOUNTS RECEIVABLE, NET (Det42

ACCOUNTS RECEIVABLE, NET (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Doubtful Accounts Receivable, Write-offs	$ 365,622	$ 0	$ 365,622	$ 0

PREPAID EXPENSES AND OTHER CU43

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)		Dec. 31, 2015	Jun. 30, 2015
Consultant fees	[1]	$ 1,081,765	$ 1,375,681
Deposit for Vessel	[2]	2,220,000	0
Advance to employees		214,892	166,772
Insurance		0	77,584
Other		430,633	81,923
Total		3,947,290	1,701,960
Less current portion		3,904,181	1,265,609
Total noncurrent portion		$ 43,109	$ 436,351
[1]	The Company entered into management consulting and advisory services agreements with two consultants on June 6, 2014, pursuant to which the consultants should assist the Company in, among other things, financial and tax due diligence, business evaluation and integration, and development of pro forma financial statements. In return for their services, as approved by the Company’s Board of Directors, a total of 600,000 shares of the Company’s common stock were issued to these two consultants. During June 2014, a total of 200,000 shares of the Company’s common stock were issued to the consultants as a prepayment for their services. The value of their consulting services was determined using the fair value of the Company’s common stock of $2.34 per share when the shares were issued to the consultants. The remaining 400,000 shares of the Company's common stock were then issued to the consultants on August 29, 2014 at $1.68 per share. Their service agreements are for the period from July 1, 2014 to December 31, 2016.In addition, on May 5, 2015, the Company entered into management consulting and advisory services agreements with three consultants, pursuant to which the consultants should assist the Company in, among other things, review of time charter agreements; crew management advisory; development of permanent and preventive maintenance standards related to dry dockings and ship repairs; development of regular technical and marine vessel inspections and quality control procedures; and development and implementation of alternative remedial actions to address any technical problems that may arise. In return for their services, as approved by the Company’s Board of Directors, a total of 500,000 shares of the Company’s common stock were to be issued to these three consultants. Their service agreements are for a period of 18 months, effective May 2015. The related consulting fees will be ratably charged to expense over the term of the agreements. The value of their consulting services was determined using the fair value of the Company’s common stock of $1.50 per share when the shares were issued to the consultants.On December 9, 2015, the Company entered into a consulting and advisory services agreement with a consultant, pursuant to which the consultant will assist the Company for corporate restructuring, business evaluation and capitalization during the period from November 20, 2015 to November 19, 2016. In return for such services, the Company issued 250,000 shares of the Company’s common stock to this consultant for services to be rendered during the first half of the service period. Such shares were issued as restricted shares at $1.02 per share on December 9, 2015. The Company will issue additional 250,000 shares of common stock to this consultant or pay $30,000 per month to this consultant to cover the services from the seventh month to November 19, 2016.The above mentioned consulting fees have been and will be ratably charged to expense over the terms of the above mentioned agreements.
[2]	In connection with the proposed vessel acquisition, the Company previously issued 1.2 million of common stock valued at $2.22 million to the vessel seller. On December 8, 2015, the Company and the vessel seller signed a supplemental agreement to terminate the vessel acquisition, pursuant to which vessel seller should return the 1.2 million shares of common back to the Company. The Company has not received the 1.2 million shares as of December 31, 2015 but subsequently received the 1.2 million shares as of the date of this report (See note 10).

PREPAID EXPENSES AND OTHER CU44

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details Textual) - USD ($)	Dec. 09, 2015	May. 05, 2015	Jun. 06, 2014	Aug. 29, 2014	Dec. 31, 2015	Jun. 30, 2014
Prepaid Expenses And Other Current Assets [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited					1,200,000
Assets Purchase Agreement [Member]
Prepaid Expenses And Other Current Assets [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited					1,200,000
Vessel Acquisition [Member]
Prepaid Expenses And Other Current Assets [Line Items]
Stock Issued During Period, Shares, Issued for Services					1,200,000
Stock Issued During Period, Value, New Issues					$ 2,220,000
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited	1,200,000
Consulting and Advisory Services Agreement [Member]
Prepaid Expenses And Other Current Assets [Line Items]
Stock Issued During Period, Shares, Issued for Services	250,000
Shares Issued, Price Per Share	$ 1.02
Additional Shares Issued for Services	250,000
Payment For Consultant Services	$ 30,000
Two Consultants [Member]
Prepaid Expenses And Other Current Assets [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares			600,000
Stock Issued During Period, Shares, Issued for Services				400,000		200,000
Common Stock, Par or Stated Value Per Share				$ 1.68		$ 2.34
Three Consultants [Member]
Prepaid Expenses And Other Current Assets [Line Items]
Stock Issued During Period, Shares, Issued for Services		500,000
Shares Issued, Price Per Share		$ 1.50

PROPERTY AND EQUIPMENT, NET. (D

PROPERTY AND EQUIPMENT, NET. (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Property, Plant and Equipment, Gross, Total	$ 1,263,015	$ 1,314,582
Less: Accumulated depreciation and amortization	1,082,162	1,100,579
Property and equipment, net	180,853	214,003
Land and building [Member]
Property, Plant and Equipment, Gross, Total	207,235	217,144
Motor vehicles [Member]
Property, Plant and Equipment, Gross, Total	509,321	534,825
Computer equipment [Member]
Property, Plant and Equipment, Gross, Total	142,039	146,739
Office equipment [Member]
Property, Plant and Equipment, Gross, Total	60,469	62,745
Furniture and fixtures [Member]
Property, Plant and Equipment, Gross, Total	155,658	156,085
System software [Member]
Property, Plant and Equipment, Gross, Total	122,674	128,286
Leasehold improvement [Member]
Property, Plant and Equipment, Gross, Total	$ 65,619	$ 68,758

PROPERTY AND EQUIPMENT, NET. 46

PROPERTY AND EQUIPMENT, NET. (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 13,723	$ 52,804	$ 29,076	$ 108,364

OTHER LONG-TERM ASSETS (Details

OTHER LONG-TERM ASSETS (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Installment payment related to Vessel acquisition	$ 0	$ 2,736,229
Rent deposit	34,439	37,679
Total	$ 34,439	$ 2,773,908

OTHER LONG-TERM ASSETS (Detai48

OTHER LONG-TERM ASSETS (Details Textual) $ / shares in Units, ¥ in Millions, shares in Millions	Apr. 10, 2015USD ($)$ / sharesshares	Apr. 10, 2015CNY (¥)shares	Apr. 22, 2015CNY (¥)	Dec. 31, 2015USD ($)shares	Dec. 31, 2015CNY (¥)shares	Jun. 30, 2015USD ($)	Apr. 10, 2015CNY (¥)	Nov. 24, 2014CNY (¥)
Stock Issued During Period, Shares, Purchase of Assets | shares	1.2	1.2
Business Acquisition Purchase Price Of Other Property Plant And Equipment	$ 10,500,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Equipment				$ 0		$ 2,736,229
Payments to Acquire Furniture and Fixtures				$ 516,229	¥ 3.2
Advance Payment To Investment Advisory Services Success Fee | ¥			¥ 3.5				¥ 3.5	¥ 3.5
Payments to Acquire Businesses, Gross | ¥		¥ 3.2	¥ 3.2
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited | shares				1.2	1.2
Assets Purchase Agreement [Member]
Proceeds from Refund				$ 330,000
Stock Issued During Period, Value, Restricted Stock Award, Forfeitures				330,000
Other Assets, Current				$ 2,220,000
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited | shares				1.2	1.2
Restricted Stock [Member]
Stock Issued During Period, Shares, Purchase of Assets | shares	1.2	1.2
Stock Issued During Period, Value, Purchase of Assets	$ 2,220,000
Shares Issued, Price Per Share | $ / shares	$ 1.85

EQUITY TRANSACTIONS (Details Te

EQUITY TRANSACTIONS (Details Textual) - Restricted Stock [Member]	Jul. 10, 2015USD ($)shares
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues | shares	500,000
Stock Issued During Period, Value, New Issues | $	$ 691,600

NON-CONTROLLING INTEREST (Detai

NON-CONTROLLING INTEREST (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Original paid-in capital	$ 17,190,591	$ 16,303,327
Additional paid-in capital	1,144,842	1,144,842
Accumulated other comprehensive loss	(112,038)	91,432
Accumulated deficit	(3,867,811)	(2,552,870)
Non-Controlling interest	(4,710,807)	(4,709,938)
Sino-China [Member]
Original paid-in capital	356,400	356,400
Additional paid-in capital	1,017	1,044
Accumulated other comprehensive loss	27	(67,640)
Accumulated deficit	(5,085,623)	(5,018,688)
Non-Controlling interest	(4,728,179)	(4,728,884)
Trans Pacific Logistics Shanghai Ltd [Member]
Non-Controlling interest	$ 17,372	$ 18,946

COMMITMENTS AND CONTIGENCIES (D

COMMITMENTS AND CONTIGENCIES (Details)	Dec. 31, 2015USD ($)
Twelve months ending December 31,
2,016	$ 212,910
2,017	132,736
2,018	66,597
2,019	45,194
Thereafter	0
Future minimum lease payments under operating leases agreements	$ 457,437

COMMITMENTS AND CONTIGENCIES 52

COMMITMENTS AND CONTIGENCIES (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Operating Leases, Rent Expense, Net	$ 57,673	$ 39,261	$ 108,191	$ 100,212
Loss Contingency, Damages Sought, Value	$ 350,000

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
U.S. expected federal income tax benefit	35.00%	35.00%	35.00%	35.00%
U.S. state, local tax net of federal benefit	10.90%	10.90%	10.90%	10.90%
U.S. permanent difference	(0.80%)	(0.30%)	(0.60%)	(0.20%)
U.S. temporary difference	(45.10%)	(45.60%)	(45.30%)	(45.60%)
Differences related to other countries	50.50%	76.30%	88.20%	56.40%
PRC statutory income tax expense	(25.00%)	(25.00%)	(25.00%)	(25.00%)
Hong Kong statutory income tax rate	16.50%	(16.50%)	(16.50%)	(16.50%)
Hong Kong income tax benefit	(16.50%)	12.20%	16.50%	12.10%
Total tax benefit	25.50%	47.00%	63.20%	27.10%

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Current
USA	$ 0	$ 0	$ 0	$ 0
Hong Kong	0	(4,192)	0	(5,837)
China	(32,933)	0	(292,755)	0
Current Income Tax Expense (Benefit)	(32,933)	(4,192)	(292,755)	(5,837)
Deferred
USA	(299,600)	28,400	(280,600)	57,300
Other countries	0	0	0	0
Deferred Income Tax Expense (Benefit)	(299,600)	28,400	(280,600)	57,300
Total income tax (expense) benefit	$ (332,533)	$ 24,208	$ (573,355)	$ 51,463

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Allowance for doubtful accounts	$ 220,000	$ 248,000
Stock-based compensation	632,000	382,000
Net operating loss	2,826,000	2,176,000
Total deferred tax assets	3,678,000	2,806,000
Valuation allowance	(3,678,000)	(2,525,400)
Deferred tax assets, net - long-term	$ 0	$ 280,600

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
VAT tax payable	$ 418,823	$ 296,935
Corporate income tax payable	934,793	664,132
Others	56,541	35,581
Total	$ 1,410,157	$ 996,648

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015
Operating Loss Carryforwards	$ 7,252,000		$ 7,252,000		$ 5,591,000
Operating Loss Carryforward Expiration Date			2,035
Percentage Of Deferred Tax Asset Valuation Allowance To Approximate	100.00%		100.00%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	35.00%	35.00%	35.00%

CONCENTRATIONS (Details Textual

CONCENTRATIONS (Details Textual)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Customer Concentration Risk [Member] | Sales Revenue, Services, Net [Member] | Major Customer One [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	32.00%	21.00%
Customer Concentration Risk [Member] | Sales Revenue, Services, Net [Member] | Major Customer Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	22.00%	19.00%
Customer Concentration Risk [Member] | Sales Revenue, Services, Net [Member] | Major Customer Three [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		13.00%
Supplier Concentration Risk [Member] | Cost Of Sales [Member] | Major Supplier One [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	46.00%	60.00%
Supplier Concentration Risk [Member] | Cost Of Sales [Member] | Major Supplier Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	21.00%	16.00%
Supplier Concentration Risk [Member] | Cost Of Sales [Member] | Major Supplier Three [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		12.00%

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015
Segment Reporting Information [Line Items]
Revenues	$ 1,596,951	$ 3,092,580	$ 4,296,169	$ 5,698,505
Cost of revenues	707,127	1,674,861	1,947,803	3,084,014
Gross profit	889,824	1,417,719	2,348,366	2,614,491
Depreciation and amortization	13,723	52,804	29,076	108,364
Total capital expenditures	2,375	11,769	3,302	27,108
Total assets	11,047,726	7,522,924	11,047,726	7,522,924	$ 11,810,550
Shipping Agency & Ship Management Services [Member]
Segment Reporting Information [Line Items]
Revenues	489,871	1,800,499	1,549,256	3,459,790
Cost of revenues	395,988	1,493,285	1,243,601	2,776,790
Gross profit	93,883	307,214	305,655	683,000
Depreciation and amortization	7,030	49,948	16,940	102,692
Total capital expenditures	2,375	11,769	3,302	27,108
Total assets	4,024,625	3,510,977	4,024,625	3,510,977
Shipping & Chartering Services [Member]
Segment Reporting Information [Line Items]
Revenues	16,000	0	462,218	0
Cost of revenues	8,000	0	212,510	0
Gross profit	8,000	0	249,708	0
Depreciation and amortization	1,782	0	1,958	0
Total capital expenditures	0	0	0	0
Total assets	414,710	0	414,710	0
Inland Transportation Management Services [Member]
Segment Reporting Information [Line Items]
Revenues	1,091,080	1,292,081	2,284,695	2,238,715
Cost of revenues	303,139	181,576	491,692	307,224
Gross profit	787,941	1,110,505	1,793,003	1,931,491
Depreciation and amortization	4,911	2,856	10,178	5,672
Total capital expenditures	0	0	0	0
Total assets	$ 6,608,391	$ 4,011,947	$ 6,608,391	$ 4,011,947

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Textual) ¥ in Millions	1 Months Ended	6 Months Ended
	Jun. 30, 2013	Dec. 31, 2015CNY (¥)	Dec. 31, 2015USD ($)	Jun. 30, 2015USD ($)
Related Party Transaction [Line Items]
Due from related parties			$ 2,720,246	$ 2,784,591
Agreement Term	5 years
Zhiyuan [Member]
Related Party Transaction [Line Items]
Due from related parties			$ 2,720,246
Proceeds from Sale and Collection of Receivables, Total | ¥		¥ 7.4
Sino-G Trading Inc [Member]
Related Party Transaction [Line Items]
Due from related parties				174,759
Tianjin Zhiyuan Investment Group Ltd [Member]
Related Party Transaction [Line Items]
Payment Of Outstanding Trade Receivables				$ 2,609,831

SUBSEQUENT EVENT (Details Textu

SUBSEQUENT EVENT (Details Textual) - Subsequent Event [Member] - Stock Incentive Plan [Member]	Feb. 11, 2016USD ($)$ / sharesshares
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares	660,000
Stock Granted, Value, Share-based Compensation, Gross | $	$ 349,800
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares	$ 0.53