Singularity Future Technology (SGLY) 10-Q 14 Nov 16 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2016	Nov. 08, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
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		8,280,535

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2016	Jun. 30, 2016
Current assets
Cash and cash equivalents	$ 2,896,265	$ 1,385,994
Accounts receivable, less allowance for doubtful accounts of $97,534 and $207,028 as of September 30, 2016 and June 30, 2016 , respectively	778,491	2,333,024
Other receivables, less allowance for doubtful accounts of $145,242 and $145,186 as of September 30, 2016 and June 30, 2016, respectively	191,084	290,907
Advances to suppliers	3,615,343	2,192,910
Prepaid expense and other current assets	562,723	826,631
Due from related parties	1,117,695	1,622,519
Total Current Assets	9,161,601	8,651,985
Property and equipment, net	162,759	176,367
Prepaid expenses	122,920	178,982
Other long-term assets	47,061	46,810
Total Assets	9,494,341	9,054,144
Current Liabilities
Advances from customers	24,377	24,373
Accounts payable	6,832	489,490
Taxes payable	1,713,337	1,637,197
Accrued expenses and other current liabilities	490,488	286,322
Total Current Liabilities	2,235,034	2,437,382
Total Liabilities	2,235,034	2,437,382
Commitments and Contingencies
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; 8,456,032 and 8,456,032 shares issued as of September 30, 2016 and June 30, 2016; 8,280,535 and 8,280,535 outstanding as of September 30, 2016 and June 30, 2016, respectively	15,500,391	15,500,391
Additional paid-in capital	1,160,292	1,140,962
Treasury stock, at cost - 175,497 and 175,497 shares as of Septemer 30, 2016 and June 30, 2016	(417,538)	(417,538)
Accumulated deficit	(3,873,079)	(4,518,799)
Accumulated other comprehensive loss	(306,021)	(280,907)
Total Sino-Global Shipping America Ltd. Stockholders' Equity	12,064,045	11,424,109
Non-controlling Interest	(4,804,738)	(4,807,347)
Total Equity	7,259,307	6,616,762
Total Liabilities and Equity	$ 9,494,341	$ 9,054,144

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Sep. 30, 2016	Jun. 30, 2016
Accounts receivable, allowance for doubtful accounts	$ 97,534	$ 207,028
Other receivables, allowance for doubtful accounts	$ 145,242	$ 145,186
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	8,456,032	8,456,032
Common stock, shares outstanding	8,280,535	8,280,535
Treasury stock, shares	175,497	175,497

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Net revenues	$ 1,944,402	$ 2,699,218
Cost of revenues	(306,339)	(1,240,676)
Gross profit	1,638,063	1,458,542
General and administrative expenses	(859,914)	(930,842)
Selling expenses	(65,309)	(14,623)
Total operating expenses	(925,223)	(945,465)
Operating income	712,840	513,077
Financial expense, net	(3,434)	(117,207)
Total other expense	(3,434)	(117,207)
Net income before provision for income taxes	709,406	395,870
Income tax expense	(71,621)	(240,822)
Net income	637,785	155,048
Net loss attributable to non-controlling interest	(7,935)	(29,110)
Net income attributable to Sino-Global Shipping America, Ltd.	645,720	184,158
Comprehensive income
Net income	637,785	155,048
Foreign currency translation (loss) gain	(14,570)	(120,636)
Comprehensive income	623,215	34,412
Less: Comprehensive income (loss) attributable to non-controlling interest	2,609	(58,532)
Comprehensive income attributable to Sino-Global Shipping America Ltd.	$ 620,606	$ 92,944
Earnings per share
-Basic and diluted (in dollars per share)	$ 0.08	$ 0.02
Weighted average number of common shares used in computation
-Basic and diluted (in shares)	8,280,535	8,321,928

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating Activities
Net income	$ 637,785	$ 155,048
Adjustment to reconcile net income to net cash provided by (used in) operating activities
Stock-based compensation expense	19,330	0
Amortization of stock-based compensation to consultants	398,996	246,125
Depreciation and amortization	13,342	15,352
Recovery of doubtful accounts	(109,693)	(14,415)
Deferred tax benefit	0	(19,000)
Changes in assets and liabilities
Decrease in accounts receivable	1,664,027	182,441
Decrease (increase) in other receivables	99,823	(155,078)
Increase in advances to suppliers	(1,422,433)	(6,032)
Decrease (increase) in prepaid expense	(74,022)	1,120
Decrease (increase) in other assets	(5,252)	715
Decrease (increase) in due from related parties	504,824	(485,876)
Decrease in advances from customers	0	(100,369)
Decrease in accounts payable	(482,658)	(352,263)
Increase in taxes payable	76,140	321,313
Increase (decrease) in accrued expenses and other current liabilities	204,165	(52,964)
Net cash provided by (used in) operating activities	1,524,374	(263,883)
Investing Activities
Acquisitions of property and equipment	0	(927)
Net cash used in investing activities	0	(927)
Financing Activities
Proceeds from issuance of common stock, net	0	632,264
Net cash provided by financing activities	0	632,264
Effect of exchange rate fluctuations on cash and cash equivalents	(14,103)	(79,313)
Net increase in cash and cash equivalents	1,510,271	288,141
Cash and cash equivalents at beginning of period	1,385,994	730,322
Cash and cash equivalents at end of period	2,896,265	1,018,463
Supplemental information
Income taxes paid	$ 6,446	$ 0

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	3 Months Ended
	Sep. 30, 2016
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 non-asset based global shipping and freight logistic integrated solution provider. The Company provides tailored solutions and value added services to its customers to drive effectiveness and control in related links throughout the entire shipping and freight logistic chain. The Company conducts its business primarily through its wholly-owned subsidiaries in the U.S., China (including Hong Kong), Australia and Canada. Currently, a significant portion of the Company’s business is generated from the clients located in the People’s Republic of China (the “PRC”), and its operations are currently primarily conducted in the PRC. 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”. The Company’s shipping agency business was operated by its subsidiaries in China (including Hong Kong). The Company’s ship management services were operated by its subsidiary in Hong Kong. The Company’s shipping and chartering services were operated by its subsidiary In January 2016, the Company formed a subsidiary, Sino-Global Shipping LA Inc. (“Sino LA”), for the purpose of expanding its business to provide freight logistic services to importers who ship goods into the U.S. The Company expects to generate increased revenue from this new service platform in the near future. In the fiscal year of 2016, affected by the worsening market conditions in the shipping industry, the Company’s shipping agency business segment suffered a significant decrease due to a reduced number of ships served. Therefore, the Company has temporarily suspended its shipping agency services business. Also, suffered by this market condition changes, the Company has temporarily suspended its ship management services. In addition, in December 2015, the Company also temporarily suspended its shipping and chartering services business primarily as a result of the termination of its previously contemplated vessel acquisition. As of September 30, 2016, the Company’s current service offerings consist of inland transportation management services and freight logistic services. In August 2016, the Company’s Board of Directors (the “Board”) authorized management to move forward with the development of a mobile application that will provide a full-service logistics platform between the US and China for short-haul trucking in the US. The decision follows an extensive review by the Company's management team and Board in identifying Sino-Global's key competitive advantages as an expert in global logistics between the US and China, and then leveraging that experience to both address the needs of its customer base and provide solutions to current issues affecting logistics and supply chain. The Company completed a market analysis and feasibility study related to building a mobile based logistics application for short-haul trucking in US ports to better manage the over 25

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) 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 (“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 annual report on Form 10-K for the fiscal year ended June 30, 2016 filed with the SEC on September 19, 2016. (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-Global Shipping Agency Ltd. (“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. As mentioned elsewhere in this report, due to the worsening market conditions in the shipping industry, Sino-China’s shipping agency business suffered a significant decrease due to a reduced number of ships served. Therefore, the Company has temporarily suspended this business. The carrying amount and classification of Sino-China's assets and liabilities included in the Company’s Unaudited Condensed Consolidated Balance Sheets were as follows: September 30, June 30, 2016 2016 Total current assets $ 30,713 $ 31,128 Total assets 125,377 129,463 Total current liabilities 7,197 7,222 Total liabilities 7,197 7,222 (c) Use of Estimates and Assumptions The preparation of the unaudited condensed consolidated 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 dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Estimates are adjusted to reflect actual experience when necessary. Significant accounting estimates reflected in the Company’s unaudited condensed consolidated financial statements include revenue recognition, fair value of stock based compensation, cost of revenues, allowance for doubtful accounts, deferred income taxes, and the useful lives of property and equipment. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates. (d) Revenue Recognition Policy · 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 contracts. · Revenues from inland transportation management services are recognized when commodities are being released from the customers’ warehouse. · Revenues from ship management services are recognized when the related contractual services are rendered. · Revenues from freight logistic services are recognized when the related contractual services are rendered. (e) 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 its subsidiaries in China, including Sino-China report 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, Trans Pacific Beijing and Trans Pacific Shanghai 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 other comprehensive loss as a separate component of equity of the Company and also included in non-controlling interest. The exchange rates as of September 30, 2016 and June 30, 2016 and for the three months ended September 30, 2016 and 2015 are as follows: September 30, June 30, Three months ended September 30, 2016 2016 2016 2015 Foreign currency Balance Sheet Balance Sheet Profits/Loss Profits/Loss RMB:1USD 6.6714 6.6487 6.6668 6.3031 1AUD:USD 1.3044 1.3433 1.3194 1.3792 1HKD:USD 7.7558 7.7595 7.7565 7.7517 1CAD:USD 1.3119 1.2992 1.3045 1.3086 (f) 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 September 30 and June 30, 2016, cash balances of $ 2,855,598 1,333,713 (g) 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 receivable 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 is written off against the allowance after exhaustive efforts at collection. (h) Earnings (loss) per Share Basic earnings (loss) per share is computed by dividing net income (loss) 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 effect of 150,000 stock options was not included in the calculation of diluted EPS because such options were anti-dilutive. (i) Stock-based Compensation Valuations are based upon highly subjective assumptions about the future, including stock price volatility and exercise patterns. The fair value of share-based payment awards was estimated using the Black-Scholes option pricing model. Expected volatilities are based on the historical volatility of the Company’s stock. The Company uses historical data to estimate option exercise and employee terminations. The expected term of options granted represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the expected life of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. (j) 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. 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 customers, Tianjin Zhi Yuan Investment Group Co., Ltd. (the “Zhiyuan Investment Group”) and Tengda Northwest Ferroalloy Co., Ltd. (“Tengda Northwest”). (k) Reclassifications Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications have no effect on the results of operations and cash flows. (l) Recent Accounting Pronouncements In August 2016, the Financial Accounting Standards Board (the “FASB”) has issued Accounting Standards Update (ASU) No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, In October 2016, the FASB has issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory In October 2016, the FASB has issued ASU No. 2016-17, Consolidation (Topic 810): Interest Held through Related Parties That Are under Common Control

ADVANCES TO SUPPLIERS

ADVANCES TO SUPPLIERS	3 Months Ended
	Sep. 30, 2016
Advances To Suppliers [Abstract]
Advances To Suppliers [Text Block]	Note 3. ADVANCES TO SUPPLIERS The Company’s advances to suppliers are as follows: September 30, June 30, 2016 2016 Freight fees (a) $ 3,610,846 $ 2,192,910 Others 4,497 - Total $ 3,615,343 $ 2,192,910 (a) On June 10, 2016, the Company entered into a Memorandum of Understanding (“MOU”) with Singapore Metals & Minerals Pte Ltd. (the “Buyer”) and Galasi Jernsih Sdn BHD (the “Seller”), whereby the Buyer will be the bauxite purchaser for the 3,000,000 3,610,846

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	3 Months Ended
	Sep. 30, 2016
Accounts Receivable and Payable [Abstract]
Accounts Receivable Net Disclosure [Text Block]	Note 4. ACCOUNTS RECEIVABLE, NET The Company’s net accounts receivable are as follows: September 30, June 30, 2016 2016 Trade accounts receivable $ 876,025 $ 2,540,052 Less: allowances for doubtful accounts (97,534) (207,028) Accounts receivables, net $ 778,491 $ 2,333,024 For the three months ended September 30, 2016, recovery of doubtful accounts receivable was $109,693, because the Company fully collected the balance from Tengda Northwest Ferroalloy Co., Ltd. For the three months ended September 30, 2015, recovery of doubtful accounts receivable was $14,415.

OTHER RECEIVABLES

OTHER RECEIVABLES	3 Months Ended
	Sep. 30, 2016
Other Assets And Other Liabilities Disclosure Current [Abstract]
Other Assets And Other Liabilities Disclosure Current [Text Block]	Note 5. OTHER RECEIVABLES Other receivables represent mainly prepaid employee insurance and welfare benefits, 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.

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	3 Months Ended
	Sep. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses Disclosure [Text Block]	Note 6. PREPAID EXPENSES AND OTHER CURRENT ASSETS The Company’s prepaid expenses and other current assets are as follows: September 30, June 30, 2016 2016 Consultant fees (1) $ 520,205 $ 845,420 Advance to employees 105,520 105,137 Other 59,918 55,056 Total 685,643 1,005,613 Less current portion 562,723 826,631 Total noncurrent portion $ 122,920 $ 178,982 (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 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 The Company entered into another management consulting services agreement with a consulting company on November 12, 2015, pursuant to which the consulting company should assist the Company for regulatory filings during the period from July 1, 2016 to June 30, 2018. In return for their services, as approved by the Company’s Board of Directors, a total of RMB 2,100,000 On December 9, 2015, the Company entered into a consulting and advisory services agreement, 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 0.72 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	3 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Note 7. PROPERTY AND EQUIPMENT, NET The Company’s net property and equipment as follows: September 30, June 30, 2016 2016 Land and building $ 201,761 $ 202,450 Motor vehicles 495,233 497,006 Computer equipment 156,672 156,890 Office equipment 59,741 59,899 Furniture and fixtures 164,442 164,701 System software 119,574 119,964 Leasehold improvement 63,886 64,105 Total 1,261,309 1,265,015 Less: Accumulated depreciation and amortization 1,098,550 1,088,648 Property and equipment, net $ 162,759 $ 176,367 Depreciation and amortization expense for the three months ended September 30, 2016 and 2015 were $ 13,342 15,352

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	3 Months Ended
	Sep. 30, 2016
Payables and Accruals [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	Note 8. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities represent mainly payroll and welfare payable, accrued expenses and other miscellaneous items.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Sep. 30, 2016
Share-based Compensation [Abstract]
Compensation and Employee Benefit Plans [Text Block]	Note 9. SHARE-BASED COMPENSATION The issuance of the Company’s Options is exempted from registration under of the Securities Act of 1933, as amended (the “Act”). The Common Stock underlying the Options granted may be sold in compliance with Rule 144 under the Act. Each option may be exercised to purchase one share of Common Stock. Payment for the options may be made in cash or by exchanging shares of Common Stock at their Fair Market Value. The Fair Market Value will be equal to the average of the highest and lowest registered sales prices of Company Stock on the date of exercise. The term of the 56,000 10 7.75 173.84 3.02 5 413,107 The term of the 10,000 10 2.01 452.04 0.88 5 19,400 Pursuant to the Company’s 2014 Stock Incentive Plan, effective on July 26, 2016, the Company granted 150,000 options to purchase an aggregate of 150,000 150,000 1.10 0.77 99.68 1.15 5 115,979 19,330 Weighted Average Shares Exercise Price Options outstanding, as of June 30, 2016 66,000 $ 6.88 Granted 150,000 1.10 Canceled, forfeited or expired - $ - Options outstanding, as of September 30, 2016 216,000 $ 2.87 Options exercisable, as of September 30, 2016 62,000 $ 7.19 Outstanding Options Exercisable Options Average Average Remaining Average Exercise Remaining Exercise Price Number Contractual Life Price Number Contractual Life $ 7.75 56,000 1.63 years $ 7.75 56,000 1.63 years $ 2.01 10,000 6.64 years $ 2.01 6,000 6.64 years $ 1.10 150,000 4.82 years $ - - - 216,000 62,000 Weighted Average Average Remaining Warrants Outstanding Warrants Exercisable Exercise Price Contractual Life 139,032 139,032 $ 9.30 1.63 years

NON-CONTROLLING INTEREST

NON-CONTROLLING INTEREST	3 Months Ended
	Sep. 30, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interest Disclosure [Text Block]	Note 10. NON-CONTROLLING INTEREST The Company’s non-controlling interest consists of the following: September 30, June 30, 2016 2016 Sino-China: Original paid-in capital $ 356,400 $ 356,400 Additional paid-in capital 1,044 1,044 Accumulated other comprehensive income 167,655 157,019 Accumulated deficit (5,355,112) (5,349,210) (4,830,013) (4,834,747) Trans Pacific Logistics Shanghai Ltd. 25,275 27,400 Total $ (4,804,738) $ (4,807,347)

COMMITMENTS AND CONTINGENCY

COMMITMENTS AND CONTINGENCY	3 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 11. COMMITMENTS AND CONTINGENCIES Lease Obligations Amount Twelve months ending September 30, 2017 $ 233,932 2018 132,999 2019 106,201 2020 22,468 $ 495,600 Rent expense for the three months ended September 30, 2016 and 2015 was $ 62,335 50,518 Legal proceedings During the quarter ended December 31, 2015, a former Vice President of the Company, Mr. Alexander 350,000 90,000 90,000 Contingency The Labor Contract Law of the PRC requires employers to insure the liability of the severance payments if employees are terminated and have been working for the employers for at least two years prior to January 1, 2008. The employers will be liable for one month for severance pay for each year of the service provided by the employees. As of September 30, 2016 and June 30, 2016, the Company has estimated its severance payments of approximately $ 61,000 62,500

INCOME TAXES

INCOME TAXES	3 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 12. INCOME TAXES For the three months ended September 30, 2016 2015 Current Hong Kong $ (6,525) $ - China (65,096) (259,822) (71,621) (259,822) Deferred USA - 19,000 - 19,000 Total $ (71,621) $ (240,822) September 30, June 30, 2016 2016 Allowance for doubtful accounts $ 65,000 $ 65,000 Stock-based compensation 743,000 735,000 Net operating loss 3,570,000 3,752,000 Total deferred tax assets 4,378,000 4,552,000 Valuation allowance (4,378,000) (4,552,000) Deferred tax assets, net - long-term $ - $ - The Company’s operations in the U.S. have incurred a cumulative net operating loss of approximately $ 7,966,000 8,629,000 400,144 136,000 2036 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. Part of the Company’s traditional business, such as shipping agency services and shipping & chartering services, is temporarily suspended. In addition, the Company’s new business of mobile application is still in developing stage. Management concluded that the profitability of the Company’s U.S. entities is difficult to be predicted, and accordingly a 100 174,000 171,000 September 30, June 30, 2016 2016 VAT tax payable $ 486,084 $ 475,066 Corporate income tax payable 1,160,477 1,100,380 Others 66,776 61,751 Total $ 1,713,337 $ 1,637,197

CONCENTRATIONS

CONCENTRATIONS	3 Months Ended
	Sep. 30, 2016
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	Note 13. CONCENTRATIONS Major Customers For the three months ended September 30, 2016, three customers accounted for 44 33 13 100 83 For the three months ended September 30, 2015, three customers accounted for approximately 28 19 13 87 80 15 Major Suppliers For the three months ended September 30, 2016, two suppliers accounted for 18 10 43 29

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Note 14. 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 Office who reviews the financial information of separate operating segments when making decisions about allocating resources and assessing performance of the group. As the Company has determined that it has four operating segments: shipping agency & ship management services, shipping & chartering services, inland transportation management services, and freight logistics services. However, due to the downturn of the shipping industry, the Company has decided to temporarily suspend to provide shipping agency & ship management services, and shipping & chartering services. For the three months Ended September 30, 2016 Inland Shipping Agency & Transportation Ship Management Shipping & Chartering Management Freight Logistic Services Services Services Services Total Revenues $ - $ - $ 1,485,735 $ 458,667 $ 1,944,402 Cost of revenues $ - $ - $ 104,001 $ 202,338 $ 306,339 Gross profit $ - $ - $ 1,381,734 $ 256,329 $ 1,638,063 Depreciation and amortization $ - $ - $ 7,972 $ 5,370 $ 13,342 Total capital expenditures $ - $ - $ - $ - $ - For the three months Ended September 30, 2015 Inland Shipping Agency & Transportation Ship Management Shipping & Chartering Management Freight Logistic Services Services Services Services Total Revenues $ 1,059,385 $ 446,218 $ 1,193,615 $ - $ 2,699,218 Cost of revenues $ 847,613 $ 204,510 $ 188,553 $ - $ 1,240,676 Gross profit $ 211,772 $ 241,708 $ 1,005,062 $ - $ 1,458,542 Depreciation and amortization $ 9,910 $ 176 $ 5,266 $ - $ 15,352 Total capital expenditures $ 927 $ - $ - $ - $ 927 September 30, June 30, 2016 2016 Shipping Agency and Ship Management Services $ - $ 1,271,948 Shipping & Chartering Services - 534,896 Inland Transportation Management Services 9,331,229 7,247,300 Freight Logistic Services 163,112 - Total Assets $ 9,494,341 $ 9,054,144

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 15. RELATED PARTY TRANSACTIONS In June 2013, the Company signed a five-year global logistic service agreement with TianJin Zhi Yuan Investment Group Co., Ltd. (the “Zhiyuan Investment Group”) and TEWOO Chemical & Light Industry Zhiyuan Trade Co., Ltd. (together with Zhiyuan Investment Group, “Zhiyuan”). Zhiyuan Investment Group is owned by Mr. Zhang, the largest shareholder of the Company. In September 2013, the Company executed an inland transportation management service contract with the Zhiyuan Investment Group whereby it would provide certain advisory services and help control its potential commodities loss during the transportation process. As a result of the inland transportation management services provided to Zhiyuan, the Company generated revenue of $ 857,635 44 753,597 28 1,622,519 1.4

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Basis Of Accounting, Policy [Policy Text Block]	(a) 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 (“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 annual report on Form 10-K for the fiscal year ended June 30, 2016 filed with the SEC on September 19, 2016.
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-Global Shipping Agency Ltd. (“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. As mentioned elsewhere in this report, due to the worsening market conditions in the shipping industry, Sino-China’s shipping agency business suffered a significant decrease due to a reduced number of ships served. Therefore, the Company has temporarily suspended this business. The carrying amount and classification of Sino-China's assets and liabilities included in the Company’s Unaudited Condensed Consolidated Balance Sheets were as follows: September 30, June 30, 2016 2016 Total current assets $ 30,713 $ 31,128 Total assets 125,377 129,463 Total current liabilities 7,197 7,222 Total liabilities 7,197 7,222
Use of Estimates, Policy [Policy Text Block]	(c) Use of Estimates and Assumptions The preparation of the unaudited condensed consolidated 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 dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Estimates are adjusted to reflect actual experience when necessary. Significant accounting estimates reflected in the Company’s unaudited condensed consolidated financial statements include revenue recognition, fair value of stock based compensation, cost of revenues, allowance for doubtful accounts, deferred income taxes, and the useful lives of property and equipment. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates.
Revenue Recognition, Policy [Policy Text Block]	(d) Revenue Recognition Policy · 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 contracts. · Revenues from inland transportation management services are recognized when commodities are being released from the customers’ warehouse. · Revenues from ship management services are recognized when the related contractual services are rendered. · Revenues from freight logistic services are recognized when the related contractual services are rendered.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	(e) 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 its subsidiaries in China, including Sino-China report 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, Trans Pacific Beijing and Trans Pacific Shanghai 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 other comprehensive loss as a separate component of equity of the Company and also included in non-controlling interest. The exchange rates as of September 30, 2016 and June 30, 2016 and for the three months ended September 30, 2016 and 2015 are as follows: September 30, June 30, Three months ended September 30, 2016 2016 2016 2015 Foreign currency Balance Sheet Balance Sheet Profits/Loss Profits/Loss RMB:1USD 6.6714 6.6487 6.6668 6.3031 1AUD:USD 1.3044 1.3433 1.3194 1.3792 1HKD:USD 7.7558 7.7595 7.7565 7.7517 1CAD:USD 1.3119 1.2992 1.3045 1.3086
Cash and Cash Equivalents, Policy [Policy Text Block]	(f) 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 September 30 and June 30, 2016, cash balances of $ 2,855,598 1,333,713
Trade and Other Accounts Receivable, Policy [Policy Text Block]	(g) 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 receivable 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 is written off against the allowance after exhaustive efforts at collection.
Earnings Per Share, Policy [Policy Text Block]	(h) Earnings (loss) per Share Basic earnings (loss) per share is computed by dividing net income (loss) 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 effect of 150,000 stock options was not included in the calculation of diluted EPS because such options were anti-dilutive.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	(i) Stock-based Compensation Valuations are based upon highly subjective assumptions about the future, including stock price volatility and exercise patterns. The fair value of share-based payment awards was estimated using the Black-Scholes option pricing model. Expected volatilities are based on the historical volatility of the Company’s stock. The Company uses historical data to estimate option exercise and employee terminations. The expected term of options granted represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the expected life of the option is based on the U.S. Treasury yield curve in effect at the time of the grant.
Risks and Uncertainties [Policy Text Block]	(j) 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. 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 customers, Tianjin Zhi Yuan Investment Group Co., Ltd. (the “Zhiyuan Investment Group”) and Tengda Northwest Ferroalloy Co., Ltd. (“Tengda Northwest”).
Reclassification, Policy [Policy Text Block]	(k) Reclassifications Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications have no effect on the results of operations and cash flows.
New Accounting Pronouncements, Policy [Policy Text Block]	(l) Recent Accounting Pronouncements In August 2016, the Financial Accounting Standards Board (the “FASB”) has issued Accounting Standards Update (ASU) No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, In October 2016, the FASB has issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory In October 2016, the FASB has issued ASU No. 2016-17, Consolidation (Topic 810): Interest Held through Related Parties That Are under Common Control

SUMMARY OF SIGNIFICANT ACCOUN22

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Schedule Of Condensed Balance Sheet [Table Text Block]	The carrying amount and classification of Sino-China's assets and liabilities included in the Company’s Unaudited Condensed Consolidated Balance Sheets were as follows: September 30, June 30, 2016 2016 Total current assets $ 30,713 $ 31,128 Total assets 125,377 129,463 Total current liabilities 7,197 7,222 Total liabilities 7,197 7,222
Schedule Of Differences Between Reported Amount and Reporting Currency Denominated Amount [Table Text Block]	The exchange rates as of September 30, 2016 and June 30, 2016 and for the three months ended September 30, 2016 and 2015 are as follows: September 30, June 30, Three months ended September 30, 2016 2016 2016 2015 Foreign currency Balance Sheet Balance Sheet Profits/Loss Profits/Loss RMB:1USD 6.6714 6.6487 6.6668 6.3031 1AUD:USD 1.3044 1.3433 1.3194 1.3792 1HKD:USD 7.7558 7.7595 7.7565 7.7517 1CAD:USD 1.3119 1.2992 1.3045 1.3086

ADVANCES TO SUPPLIERS (Tables)

ADVANCES TO SUPPLIERS (Tables)	3 Months Ended
	Sep. 30, 2016
Advances To Suppliers [Abstract]
Schedule Of Advance To Suppliers [Table Text Block]	September 30, June 30, 2016 2016 Freight fees (a) $ 3,610,846 $ 2,192,910 Others 4,497 - Total $ 3,615,343 $ 2,192,910 (a) On June 10, 2016, the Company entered into a Memorandum of Understanding (“MOU”) with Singapore Metals & Minerals Pte Ltd. (the “Buyer”) and Galasi Jernsih Sdn BHD (the “Seller”), whereby the Buyer will be the bauxite purchaser for the 3,000,000 3,610,846

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	3 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	The Company’s net accounts receivable are as follows: September 30, June 30, 2016 2016 Trade accounts receivable $ 876,025 $ 2,540,052 Less: allowances for doubtful accounts (97,534) (207,028) Accounts receivables, net $ 778,491 $ 2,333,024

PREPAID EXPENSES AND OTHER CU25

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	3 Months Ended
	Sep. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Current Assets [Table Text Block]	The Company’s prepaid expenses and other current assets are as follows: September 30, June 30, 2016 2016 Consultant fees (1) $ 520,205 $ 845,420 Advance to employees 105,520 105,137 Other 59,918 55,056 Total 685,643 1,005,613 Less current portion 562,723 826,631 Total noncurrent portion $ 122,920 $ 178,982 (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

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	3 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	The Company’s net property and equipment as follows: September 30, June 30, 2016 2016 Land and building $ 201,761 $ 202,450 Motor vehicles 495,233 497,006 Computer equipment 156,672 156,890 Office equipment 59,741 59,899 Furniture and fixtures 164,442 164,701 System software 119,574 119,964 Leasehold improvement 63,886 64,105 Total 1,261,309 1,265,015 Less: Accumulated depreciation and amortization 1,098,550 1,088,648 Property and equipment, net $ 162,759 $ 176,367

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Sep. 30, 2016
Share-based Compensation [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of the options is presented in the table below: Weighted Average Shares Exercise Price Options outstanding, as of June 30, 2016 66,000 $ 6.88 Granted 150,000 1.10 Canceled, forfeited or expired - $ - Options outstanding, as of September 30, 2016 216,000 $ 2.87 Options exercisable, as of September 30, 2016 62,000 $ 7.19
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Following is a summary of the status of options outstanding and exercisable at September 30, 2016: Outstanding Options Exercisable Options Average Average Remaining Average Exercise Remaining Exercise Price Number Contractual Life Price Number Contractual Life $ 7.75 56,000 1.63 years $ 7.75 56,000 1.63 years $ 2.01 10,000 6.64 years $ 2.01 6,000 6.64 years $ 1.10 150,000 4.82 years $ - - - 216,000 62,000
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Weighted Average Average Remaining Warrants Outstanding Warrants Exercisable Exercise Price Contractual Life 139,032 139,032 $ 9.30 1.63 years

NON-CONTROLLING INTEREST (Table

NON-CONTROLLING INTEREST (Tables)	3 Months Ended
	Sep. 30, 2016
Noncontrolling Interest [Abstract]
Minority Interest [Table Text Block]	The Company’s non-controlling interest consists of the following: September 30, June 30, 2016 2016 Sino-China: Original paid-in capital $ 356,400 $ 356,400 Additional paid-in capital 1,044 1,044 Accumulated other comprehensive income 167,655 157,019 Accumulated deficit (5,355,112) (5,349,210) (4,830,013) (4,834,747) Trans Pacific Logistics Shanghai Ltd. 25,275 27,400 Total $ (4,804,738) $ (4,807,347)

COMMITMENTS AND CONTINGENCY (Ta

COMMITMENTS AND CONTINGENCY (Tables)	3 Months Ended
	Sep. 30, 2016
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 April 16, 2020. Future minimum lease payments under operating lease agreements are as follows: Amount Twelve months ending September 30, 2017 $ 233,932 2018 132,999 2019 106,201 2020 22,468 $ 495,600

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Schedule Of Components Of Income Tax Expense (Benefit) [Table Text Block]	The income tax expense for the three months ended September 30, 2016 and 2015 are as follows: For the three months ended September 30, 2016 2015 Current Hong Kong $ (6,525) $ - China (65,096) (259,822) (71,621) (259,822) Deferred USA - 19,000 - 19,000 Total $ (71,621) $ (240,822)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The Company’s deferred tax assets are comprised of the following: September 30, June 30, 2016 2016 Allowance for doubtful accounts $ 65,000 $ 65,000 Stock-based compensation 743,000 735,000 Net operating loss 3,570,000 3,752,000 Total deferred tax assets 4,378,000 4,552,000 Valuation allowance (4,378,000) (4,552,000) Deferred tax assets, net - long-term $ - $ -
Schedule Of Income Taxes Payable [Table Text Block]	The Company’s taxes payable consists of the following: September 30, June 30, 2016 2016 VAT tax payable $ 486,084 $ 475,066 Corporate income tax payable 1,160,477 1,100,380 Others 66,776 61,751 Total $ 1,713,337 $ 1,637,197

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following tables present summary information by segment for the three months ended September 30, 2016 and 2015, respectively: For the three months Ended September 30, 2016 Inland Shipping Agency & Transportation Ship Management Shipping & Chartering Management Freight Logistic Services Services Services Services Total Revenues $ - $ - $ 1,485,735 $ 458,667 $ 1,944,402 Cost of revenues $ - $ - $ 104,001 $ 202,338 $ 306,339 Gross profit $ - $ - $ 1,381,734 $ 256,329 $ 1,638,063 Depreciation and amortization $ - $ - $ 7,972 $ 5,370 $ 13,342 Total capital expenditures $ - $ - $ - $ - $ - For the three months Ended September 30, 2015 Inland Shipping Agency & Transportation Ship Management Shipping & Chartering Management Freight Logistic Services Services Services Services Total Revenues $ 1,059,385 $ 446,218 $ 1,193,615 $ - $ 2,699,218 Cost of revenues $ 847,613 $ 204,510 $ 188,553 $ - $ 1,240,676 Gross profit $ 211,772 $ 241,708 $ 1,005,062 $ - $ 1,458,542 Depreciation and amortization $ 9,910 $ 176 $ 5,266 $ - $ 15,352 Total capital expenditures $ 927 $ - $ - $ - $ 927
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Total assets as of: September 30, June 30, 2016 2016 Shipping Agency and Ship Management Services $ - $ 1,271,948 Shipping & Chartering Services - 534,896 Inland Transportation Management Services 9,331,229 7,247,300 Freight Logistic Services 163,112 - Total Assets $ 9,494,341 $ 9,054,144

ORGANIZATION AND NATURE OF BU32

ORGANIZATION AND NATURE OF BUSINESS (Details Textual) pure in Millions	3 Months Ended
	Sep. 30, 2016
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”.
Number Of Containers	25

SUMMARY OF SIGNIFICANT ACCOUN33

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Sep. 30, 2016	Jun. 30, 2016
Total current assets	$ 9,161,601	$ 8,651,985
Total assets	9,494,341	9,054,144
Total current liabilities	2,235,034	2,437,382
Total liabilities	2,235,034	2,437,382
Sino - China [Member]
Total current assets	30,713	31,128
Total assets	125,377	129,463
Total current liabilities	7,197	7,222
Total liabilities	$ 7,197	$ 7,222

SUMMARY OF SIGNIFICANT ACCOUN34

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 2015
RMB [Member] | Balance Sheet [Member]
Foreign Currency Exchange Rate, Translation1	6.6714	6.6487
RMB [Member] | Income Statement [Member]
Foreign Currency Exchange Rate, Translation1	6.6668		6.3031
AUD [Member] | Balance Sheet [Member]
Foreign Currency Exchange Rate, Translation1	1.3044	1.3433
AUD [Member] | Income Statement [Member]
Foreign Currency Exchange Rate, Translation1	1.3194		1.3792
HKD [Member] | Balance Sheet [Member]
Foreign Currency Exchange Rate, Translation1	7.7558	7.7595
HKD [Member] | Income Statement [Member]
Foreign Currency Exchange Rate, Translation1	7.7565		7.7517
CAD [Member] | Balance Sheet [Member]
Foreign Currency Exchange Rate, Translation1	1.3119	1.2992
CAD [Member] | Income Statement [Member]
Foreign Currency Exchange Rate, Translation1	1.3045		1.3086

SUMMARY OF SIGNIFICANT ACCOUN35

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	1 Months Ended	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Jun. 30, 2016
Cash, Uninsured Amount	$ 2,855,598	$ 2,855,598	$ 1,333,713
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	150,000	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) - USD ($)		Sep. 30, 2016	Jun. 30, 2016
Advance To Suppliers [Line Items]
Freight fees (a)	[1]	$ 3,610,846	$ 2,192,910
Others		4,497	0
Total		$ 3,615,343	$ 2,192,910
[1]	On June 10, 2016, the Company entered into a Memorandum of Understanding (“MOU”) with Singapore Metals & Minerals Pte Ltd. (the “Buyer”) and Galasi Jernsih Sdn BHD (the “Seller”), whereby the Buyer will be the bauxite purchaser for the 3,000,000 MT/year, subject to the results of the tests satisfying the Buyer’s requirements. Both the Buyer and the Seller agree that the Company shall be appointed as general agent to handle logistics and transportation including ocean shipping and inland transportation for both sides, and all door to door transportation services for the shipping of the bauxite to be sold by the Seller and to be purchased by the Buyer as referenced in this MOU. On the same day, the Company signed a supplementary agreement with the Buyer, which states the Company should assist the Buyer in handling transportation service from the source mine to dock to help the Buyer to fulfill the delivery favorably and close the deal smoothly. The Company agrees to make advance payments for freight charges on behalf of the Buyer. As of September 30, 2016, the ending balance of this prepayment was $3,610,846. The Company expects the related advance payments will be recognized as cost of sales during the next 12 months.

ADVANCES TO SUPPLIERS (Details

ADVANCES TO SUPPLIERS (Details Textual) - Singapore Metals Minerals Pte Ltd. [Member]	1 Months Ended
	Jun. 30, 2016	Sep. 30, 2016USD ($)
Advance To Suppliers [Line Items]
Prepaid Freight		$ 3,610,846
Long-term Purchase Commitment, Minimum Quantity Required	3,000,000

ACCOUNTS RECEIVABLE, NET (Detai

ACCOUNTS RECEIVABLE, NET (Details) - USD ($)	Sep. 30, 2016	Jun. 30, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable	$ 876,025	$ 2,540,052
Less: allowances for doubtful accounts	(97,534)	(207,028)
Accounts receivables, net	$ 778,491	$ 2,333,024

ACCOUNTS RECEIVABLE, NET (Det39

ACCOUNTS RECEIVABLE, NET (Details Textual) - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Doubtful Accounts Receivable, Recoveries	$ 109,693	$ 14,415

PREPAID EXPENSES AND OTHER CU40

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)		Sep. 30, 2016	Jun. 30, 2016
Consultant fees	[1]	$ 520,205	$ 845,420
Advance to employees		105,520	105,137
Other		59,918	55,056
Total		685,643	1,005,613
Less current portion		562,723	826,631
Total noncurrent portion		$ 122,920	$ 178,982
[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. Their service agreements are for the period from July 1, 2014 to December 31, 2016.

PREPAID EXPENSES AND OTHER CU41

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details Textual)	Dec. 09, 2015$ / sharesshares	Nov. 12, 2015USD ($)	[1]	Nov. 12, 2015CNY (¥)	May 05, 2015$ / sharesshares	Jun. 06, 2014shares	May 23, 2016$ / sharesshares
sinoConsulting And Advisory Services Agreement [Member]
Prepaid Expenses And Other Current Assets [Line Items]
Payment For Consultant Services		$ 316,298		¥ 2,100,000
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 | $ / shares	$ 1.02						$ 0.72
Additional Shares Issued for Services							250,000
Two Consultants [Member]
Prepaid Expenses And Other Current Assets [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares						600,000
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 | $ / shares					$ 1.50
[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. Their service agreements are for the period from July 1, 2014 to December 31, 2016.

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($)	Sep. 30, 2016	Jun. 30, 2016
Property, Plant and Equipment, Gross, Total	$ 1,261,309	$ 1,265,015
Less: Accumulated depreciation and amortization	1,098,550	1,088,648
Property and equipment, net	162,759	176,367
Land and building [Member]
Property, Plant and Equipment, Gross, Total	201,761	202,450
Motor vehicles [Member]
Property, Plant and Equipment, Gross, Total	495,233	497,006
Computer equipment [Member]
Property, Plant and Equipment, Gross, Total	156,672	156,890
Office equipment [Member]
Property, Plant and Equipment, Gross, Total	59,741	59,899
Furniture and fixtures [Member]
Property, Plant and Equipment, Gross, Total	164,442	164,701
System software [Member]
Property, Plant and Equipment, Gross, Total	119,574	119,964
Leasehold improvement [Member]
Property, Plant and Equipment, Gross, Total	$ 63,886	$ 64,105

PROPERTY AND EQUIPMENT, NET (43

PROPERTY AND EQUIPMENT, NET (Details Textual) - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 13,342	$ 15,352

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details)	3 Months Ended
	Sep. 30, 2016$ / sharesshares
Shares, Options outstanding, beginning of year | shares	66,000
Shares, Granted | shares	150,000
Shares, Canceled, forfeited or expired | shares	0
Shares, Options outstanding, end of year | shares	216,000
Shares, Options exercisable, end of year | shares	62,000
Weighted Average Exercise Price, Options outstanding, beginning of year | $ / shares	$ 6.88
Weighted Average Exercise Price, Granted | $ / shares	1.10
Weighted Average Exercise Price, Canceled, forfeited or expired | $ / shares	0
Weighted Average Exercise Price, Options outstanding, end of year | $ / shares	2.87
Weighted Average Exercise Price, Options exercisable, end of year | $ / shares	$ 7.19

SHARE-BASED COMPENSATION (Det45

SHARE-BASED COMPENSATION (Details 1) - $ / shares	3 Months Ended
	Sep. 30, 2016	Jun. 30, 2016
Outstanding Options, Exercise Price	$ 2.87	$ 6.88
Outstanding Options, Number	216,000	66,000
Exercisable Options, Average Exercise Price	$ 7.19
Exercisable Options, Number	62,000
Exercise Price Range One [Member]
Outstanding Options, Exercise Price	$ 7.75
Outstanding Options, Number	56,000
Outstanding Options, Average Remaining Contractual Life	1 year 7 months 17 days
Exercisable Options, Average Exercise Price	$ 7.75
Exercisable Options, Number	56,000
Exercisable Options, Average Remaining Contractual Life	1 year 7 months 17 days
Exercise Price Range Two [Member]
Outstanding Options, Exercise Price	$ 2.01
Outstanding Options, Number	10,000
Outstanding Options, Average Remaining Contractual Life	6 years 7 months 20 days
Exercisable Options, Average Exercise Price	$ 2.01
Exercisable Options, Number	6,000
Exercisable Options, Average Remaining Contractual Life	6 years 7 months 20 days
Exercise Price Range Three [Member]
Outstanding Options, Exercise Price	$ 1.10
Outstanding Options, Number	150,000
Outstanding Options, Average Remaining Contractual Life	4 years 9 months 25 days
Exercisable Options, Average Exercise Price	$ 0
Exercisable Options, Number	0
Exercisable Options, Average Remaining Contractual Life	0 years

SHARE-BASED COMPENSATION (Det46

SHARE-BASED COMPENSATION (Details 2)	3 Months Ended
	Sep. 30, 2016$ / sharesshares
Warrants Outstanding	139,032
Warrants Exercisable	139,032
Weighted Average Exercise Price | $ / shares	$ 9.30
Average Remaining Contractual Life	1 year 7 months 17 days

SHARE-BASED COMPENSATION (Det47

SHARE-BASED COMPENSATION (Details Textual) - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	150,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 1.10
Share-based Compensation	$ 19,330	$ 0
2013 Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	10,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	10 years
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 2.01
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	452.04%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.88%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 19,400
2009 Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	56,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	10 years
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 7.75
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	173.84%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	3.02%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 413,107
2014 Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	150,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 1.10
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	99.68%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.15%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 115,979
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 0.77
Share-based Compensation	$ 19,330
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures	150,000

NON-CONTROLLING INTEREST (Detai

NON-CONTROLLING INTEREST (Details) - USD ($)	Sep. 30, 2016	Jun. 30, 2016
Original paid-in capital	$ 15,500,391	$ 15,500,391
Additional paid-in capital	1,160,292	1,140,962
Accumulated other comprehensive income	(306,021)	(280,907)
Accumulated deficit	(3,873,079)	(4,518,799)
Non-Controlling interest	(4,804,738)	(4,807,347)
Sino-China [Member]
Original paid-in capital	356,400	356,400
Additional paid-in capital	1,044	1,044
Accumulated other comprehensive income	167,655	157,019
Accumulated deficit	(5,355,112)	(5,349,210)
Non-Controlling interest	(4,830,013)	(4,834,747)
Trans Pacific Logistics Shanghai Ltd [Member]
Non-Controlling interest	$ 25,275	$ 27,400

COMMITMENTS AND CONTINGENCY (De

COMMITMENTS AND CONTINGENCY (Details)	Sep. 30, 2016USD ($)
Twelve months ending March 31,
2,017	$ 233,932
2,018	132,999
2,019	106,201
2,020	22,468
Future minimum lease payments under operating leases agreements	$ 495,600

COMMITMENTS AND CONTINGENCY (50

COMMITMENTS AND CONTINGENCY (Details Textual) - USD ($)	3 Months Ended			12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2016
Operating Leases, Rent Expense, Net	$ 62,335		$ 50,518
Loss Contingency, Damages Sought, Value		$ 350,000
Severance Costs	61,000			$ 62,500
Litigation Settlement, Amount	90,000
Estimated Litigation Liability, Current	$ 90,000

INCOME TAXES (Details )

INCOME TAXES (Details ) - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Current
Hong Kong	$ (6,525)	$ 0
China	(65,096)	(259,822)
Current Income Tax Expense (Benefit)	(71,621)	(259,822)
Deferred
USA	0	19,000
Deferred Income Tax Expense (Benefit)	0	19,000
Total income tax (expense) benefit	$ (71,621)	$ (240,822)

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Sep. 30, 2016	Jun. 30, 2016
Allowance for doubtful accounts	$ 65,000	$ 65,000
Stock-based compensation	743,000	735,000
Net operating loss	3,570,000	3,752,000
Total deferred tax assets	4,378,000	4,552,000
Valuation allowance	(4,378,000)	(4,552,000)
Deferred tax assets, net - long-term	$ 0	$ 0

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Sep. 30, 2016	Jun. 30, 2016
VAT tax payable	$ 486,084	$ 475,066
Corporate income tax payable	1,160,477	1,100,380
Others	66,776	61,751
Total	$ 1,713,337	$ 1,637,197

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016
Operating Loss Carryforwards	$ 7,966,000		$ 8,629,000
Operating Loss Carryforward Expiration Date	2,036
Percentage Of Deferred Tax Asset Valuation Allowance To Approximate	100.00%
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ (174,000)	$ 171,000
Net Operating Loss Carryforwards Utilized Amount	400,144	0
Net Operating Loss Carryforwards Tax Benefits	$ 136,000	$ 0

CONCENTRATIONS (Details Textual

CONCENTRATIONS (Details Textual)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Customer Concentration Risk [Member] | Sales Revenue, Services, Net [Member] | Major Customer One [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	44.00%	28.00%
Customer Concentration Risk [Member] | Sales Revenue, Services, Net [Member] | Major Customer Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	33.00%	19.00%
Customer Concentration Risk [Member] | Sales Revenue, Services, Net [Member] | Major Customer Three [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	13.00%	13.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Major Customer One [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	100.00%	87.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Major Customer Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	83.00%	80.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Major Customer Three [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	83.00%	15.00%
Supplier Concentration Risk [Member] | Cost Of Sales [Member] | Major Supplier One [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	18.00%	43.00%
Supplier Concentration Risk [Member] | Cost Of Sales [Member] | Major Supplier Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	10.00%	29.00%

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016
Segment Reporting Information [Line Items]
Revenues	$ 1,944,402	$ 2,699,218
Cost of revenues	306,339	1,240,676
Gross profit	1,638,063	1,458,542
Depreciation and amortization	13,342	15,352
Total capital expenditures	0	927
Total assets	9,494,341		$ 9,054,144
Shipping Agency and Ship Management Services [Member]
Segment Reporting Information [Line Items]
Revenues	0	1,059,385
Cost of revenues	0	847,613
Gross profit	0	211,772
Depreciation and amortization	0	9,910
Total capital expenditures	0	927
Total assets	0		1,271,948
Shipping & Chartering Services [Member]
Segment Reporting Information [Line Items]
Revenues	0	446,218
Cost of revenues	0	204,510
Gross profit	0	241,708
Depreciation and amortization	0	176
Total capital expenditures	0	0
Total assets	0		534,896
Inland Transportation Management Services [Member]
Segment Reporting Information [Line Items]
Revenues	1,485,735	1,193,615
Cost of revenues	104,001	188,553
Gross profit	1,381,734	1,005,062
Depreciation and amortization	7,972	5,266
Total capital expenditures	0	0
Total assets	9,331,229		7,247,300
Freight Logistic Services [Member]
Segment Reporting Information [Line Items]
Revenues	458,667	0
Cost of revenues	202,338	0
Gross profit	256,329	0
Depreciation and amortization	5,370	0
Total capital expenditures	0	$ 0
Total assets	$ 163,112		$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Textual) - Zhiyuan Investment Group [Member] - USD ($)	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016
Related Party Transaction [Line Items]
Due from related parties	$ 1,117,695		$ 1,622,519
Proceeds from Sale and Collection of Receivables, Total	1,400,000
Revenue from Related Parties	$ 857,635	$ 753,597
Sales Revenue, Net [Member]
Related Party Transaction [Line Items]
Concentration Risk, Percentage	44.00%	28.00%