EV Biologics (YECO) 10-K 28 Sep 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information $ in Millions	12 Months Ended
	Jun. 30, 2015USD ($)shares
Document and Entity Information [Abstract]
Entity Registrant Name	Yulong Eco-Materials Ltd
Entity Central Index Key	1,607,741
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Type	10-K
Document Period End Date	Jun. 30, 2015
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float	$ 32.9
Entity Common Stock, Shares Outstanding | shares	0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Jun. 30, 2015	Jun. 30, 2014
CURRENT ASSETS
Cash and cash equivalents		$ 16,470,299	$ 19,732,770
Accounts receivable, net		9,329,495	5,181,394
Deposits and other receivables		286,153	350,120
Inventories		364,254	421,998
Advances to suppliers		17,421	57,415
Prepaid expenses		373,617	72,356
Other receivables-related parties			936,608
Total current assets		26,841,239	26,752,661
PLANT AND EQUIPMENT, net		41,267,655	34,381,554
OTHER ASSETS
Prepayments		3,658,748	5,771,681
Intangible assets, net		4,913,376	2,449,759
Deferred tax asset		520,147	188,381
Long-term deposit		397,300	11,294
Total other assets		9,489,571	8,421,115
Total assets		77,598,465	69,555,330
CURRENT LIABILITIES
Short term loan - bank		7,972,190	7,751,250
Accounts payable, trade		1,726,158	1,820,585
Other payables and accrued liabilities		4,817,399	735,789
Other payables - related parties		2,584,104	182,000
Customer deposits			402,499
Taxes payable		1,098,093	1,113,617
Capital lease obligation-current portion		4,615,083	1,610,492
Dividends payable		7,994,125
Total current liabilities		30,807,152	13,616,232
LONG TERM LIABILITIES
Other payables			487,500
Other payables - related parties			9,801,110
Dividends payable			7,935,525
Capital lease obligation-net of current portion		138,952	68,361
Total long term liabilities		138,952	18,292,496
Total liabilities		$ 30,946,104	$ 31,908,728
COMMITMENTS AND CONTINGENCIES
EQUITY
Common stock, $0.00125 par value, 100,000,000 shares authorized, 8,000,000 shares issued and outstanding	[1]	$ 10,000	$ 10,000
Subscription receivable		(10,000)	(10,000)
Additional paid-in capital		19,011,464	19,011,464
Statutory reserves		3,922,228	3,771,665
Retained earnings		21,211,829	12,682,821
Accumulated other comprehensive income		2,506,840	2,180,652
Total Yulong Eco-Materials Limited's equity		46,652,361	37,646,602
Total liabilities and equity		$ 77,598,465	$ 69,555,330
[1]	Giving retroactive effect to the 4-for-5 reverse stock split effected on March 3, 2015.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Jun. 30, 2014
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.00125	$ 0.00125
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	8,000,000	8,000,000
Common stock, shares outstanding	8,000,000	8,000,000

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($)		12 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
REVENUES
Bricks		$ 15,586,654	$ 14,956,906
Concrete		29,967,622	29,499,530
Recycling		676,108
TOTAL REVENUES		46,230,384	44,456,436
COST OF REVENUES
Bricks		6,139,759	5,773,533
Concrete		22,883,040	21,729,928
Recycling		340,186
TOTAL COST OF REVENUES		29,362,985	27,503,461
GROSS PROFIT		16,867,399	16,952,975
OPERATING EXPENSES:
Selling		634,390	930,470
General and administrative		3,374,557	806,037
Total operating expenses		4,008,947	1,736,507
INCOME FROM OPERATIONS		12,858,452	15,216,468
OTHER INCOME (EXPENSE), net
Interest income		70,065	18,186
Interest expense		(1,297,102)	(1,183,580)
Other finance expense		(1,094)	(16,628)
Other expense, net		(52,731)	(83,125)
Total other expense, net		(1,280,862)	(1,265,147)
INCOME BEFORE INCOME TAXES		11,577,590	13,951,321
PROVISION FOR INCOME TAXES		2,898,019	3,259,147
NET INCOME		8,679,571	10,692,174
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustments		326,188	94,109
COMPREHENSIVE INCOME		$ 9,005,759	$ 10,786,283
WEIGHTED AVERAGE NUMBER OF COMMON SHARES
Basic and diluted	[1]	8,000,000	8,000,000
EARNINGS PER SHARE
Basic and diluted	[1]	$ 1.08	$ 1.34
[1]	Giving retroactive effect to the 4-for-5 reverse stock split effected on March 3, 2015.

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($)		Total	Common Stock	Subscription receivable	Additional paid-in capital	Statutory reserves	Retained earnings	Accumulated other comprehensive income
BEGINNING BALANCE at Jun. 30, 2013		$ 26,860,319	$ 10,000	$ (10,000)	$ 19,011,464	$ 3,073,651	$ 2,688,661	$ 2,086,543
BEGINNING BALANCE, Shares at Jun. 30, 2013	[1]		8,000,000
Net income		10,692,174					10,692,174
Appropriation of statutory reserve						698,014	(698,014)
Foreign currency translation adjustments		94,109						94,109
ENDING BALANCE at Jun. 30, 2014		37,646,602	$ 10,000	$ (10,000)	$ 19,011,464	3,771,665	12,682,821	2,180,652
ENDING BALANCE, Shares at Jun. 30, 2014	[1]		8,000,000
Net income		8,679,571					8,679,571
Appropriation of statutory reserve						150,563	(150,563)
Foreign currency translation adjustments		326,188						326,188
ENDING BALANCE at Jun. 30, 2015		$ 46,652,361	$ 10,000	$ (10,000)	$ 19,011,464	$ 3,922,228	$ 21,211,829	$ 2,506,840
ENDING BALANCE, Shares at Jun. 30, 2015	[1]		8,000,000
[1]	Giving retroactive effect to the 4-for-5 reverse stock split effected on March 3, 2015.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 8,679,571	$ 10,692,174
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	1,697,465	1,333,257
Amortization	55,186	55,152
Recovery of doubtful accounts		(126,976)
Deferred tax benefit	(328,761)	(74,893)
Change in operating assets and liabilities
Accounts receivable	(4,089,754)	(1,076,607)
Deposits and other receivables	(330,309)	246,340
Inventories	60,562	(106,559)
Advances to suppliers	52,659	(10,053)
Prepaid expense	(300,630)	51,893
Accounts payable, trade	(107,346)	293,592
Other payables and accrued liabilities	1,239,321	322,454
Customer deposits	(403,490)	378,281
Taxes payable	(23,631)	135,672
Net cash provided by operating activities	6,200,843	12,113,727
CASH FLOWS FROM INVESTING ACTIVITIES:
Payment for equipment and construction in progress	(514,924)	(133,660)
Prepayment for land use rights		(108,465)
Prepayments for construction-in-progress	(1,500,468)	(708,371)
Repayments from related parties	26,674	2,603,144
Payment for land use rights	(9,774)
Net cash (used in) provided by investing activities	(1,998,492)	1,652,648
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable		1,628,000
Payments of note payable		(1,628,000)
Proceeds from short-term loans - bank	4,479,750	5,470,080
Payments of short-term loan - bank	(4,316,850)	(6,902,720)
Proceeds from (payments to) related parties	(6,522,453)	1,858,117
Principal payments on capital lease obligations	(1,234,043)	(248,943)
Net cash (used in) provided by financing activities	(7,593,596)	176,534
EFFECT OF EXCHANGE RATE ON CASH	128,774	(2,764)
CHANGES IN CASH AND CASH EQUIVALENTS	(3,262,471)	13,940,145
CASH AND CASH EQUIVALENTS, beginning of year	19,732,770	5,792,625
CASH AND CASH EQUIVALENTS, end of year	16,470,299	19,732,770
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income tax	3,195,373	3,180,523
Cash paid for interest	1,066,738	1,217,347
NON-CASH INVESTING AND FINANCING ACTIVITIES
Reclassification of construction-in-progress from prepayments-construction	3,266,054	$ 24,165,772
Additions to fixed assets and construction-in-progress through other payables	2,333,976
Acquisition of machinery, equipment and intangible asset by capital leases	4,281,859	$ 203,778
Repayments from related parties offset with other payable-related parties	912,240
Reclassification of intangible assets from prepayment-land use rights	$ 379,434

Nature of Business and Organiza

Nature of Business and Organization	12 Months Ended
	Jun. 30, 2015
Nature of business and organization [Abstract]
Nature of business and organization	Note 1 – Nature of business and organization Yulong Eco-Materials Limited (“Yulong Eco-Materials” or the “Company”) is a holding company incorporated on March 10, 2011, under the laws of the Cayman Islands. The Company has no substantive operations other than holding all of the outstanding share capital of China Xing De (BVI) Limited (“Yulong BVI”). In turn, Yulong BVI is a holding company holding all of the outstanding share capital of China Xing De (Hong Kong) Limited (“Yulong HK”). Yulong HK is also a holding company holding all of the outstanding equity capital of Zhengzhou Xing De Enterprise Management & Consulting Co., Ltd. (“Yulong WFOE”). The Company is a vertically integrated manufacturer of eco-friendly building products. The Company operates principally from the city of Pingdingshan, Henan Province, in the People’s Republic of China (the “PRC” or “China”). The Company produces fly-ash bricks and ready-mixed concrete, and since April 2015, hauls and processes construction waste, with which it produces crushed construction waste or recycled aggregates, and bricks made from recycled aggregates, or recycled bricks. All of the Company’s business activities are carried out by domestic Chinese companies that the Company controls through contractual arrangements as follows: (1) Henan Jianyida Industrial Co., Ltd. (“Yulong Bricks”), which carries out the bricks business, (2) Pingdingshan Hengji Concrete Co., Ltd. (“Yulong Concrete”) and Pingdingshan Hengji Industrial Co., Ltd. (“Yulong Transport”), which carry out the concrete business, and (3) Pingdingshan Xulong Renewable Resource Co., Ltd. (“Yulong Renewable”), which carries out the construction waste hauling and processing, or recycling, business. The contractual arrangements are comprised of a series of agreements entered into by each of these four companies and their shareholders, on the one hand, and Yulong WFOE on the other hand (see “Contractual Arrangements” and “Note 3 – Variable Interest Entities” below). Contractual Arrangements Although current PRC regulations do not restrict or prohibit foreign investment in domestic Chinese companies that engage in businesses such as those of Yulong Bricks, Yulong Concrete, Yulong Transport and Yulong Renewable (each a “Yulong operating company” and collectively the “Yulong operating companies”), there is substantial uncertainty regarding the interpretation and application of such regulations. As such, the Yulong operating companies are controlled through contractual arrangements in lieu of direct equity ownership by the Company or any of its subsidiaries. Such contractual arrangements are a series of four agreements (collectively the “Contractual Arrangements”) which significant terms are as follows: Exclusive Consulting Services and Operating Agreements Pursuant to the exclusive consulting and service agreement among Yulong WFOE, each Yulong operating company and its shareholders, Yulong WFOE is engaged as exclusive provider of management consulting services to such Yulong operating company. For such services, the Yulong operating company agrees to pay service fees determined based on all of its net profit after tax payments to Yulong WFOE or Yulong WFOE has obligation to absorb all of the Yulong operating companies’ losses. The agreement remains in effect until and unless all parties agree to its termination. Until such termination, the Yulong operating company may not enter into another agreement for the provision of management consulting services without the prior consent of Yulong WFOE. Option Agreements Pursuant to the exclusive equity option agreement between the shareholders of each Yulong operating company and Yulong WFOE, such shareholders jointly and severally grant Yulong WFOE an option to purchase their equity interests in such Yulong operating company. The purchase price shall be the lowest price then permitted under applicable PRC laws. If the purchase price is greater than the registered capital of such Yulong operating company, the shareholders are required to immediately return any amount in excess of the registered capital to Yulong WFOE or its designee. Yulong WFOE may exercise such option at any time until it has acquired all equity interests of such Yulong operating company, and freely transfer the option to any third party. The agreement will terminate at the earlier of (i) the date on which all of the equity interests of such Yulong operating company has been transferred to Yulong WFOE or its designee or (ii) the unilateral termination by Yulong WFOE. Equity Pledge Agreements Pursuant to the equity interest pledge agreement between the shareholders of each Yulong operating company and Yulong WFOE, such shareholders pledge all of their equity interests in such Yulong operating company to Yulong WFOE as collateral to secure the obligations of such Yulong operating company under the exclusive consulting services and operating agreement. The shareholders may not transfer or assign transfer or assign the pledged equity interests, or incur or allow any encumbrance that would jeopardize Yulong WFOE’s interests, without Yulong WFOE’s prior approval. In the event of default, Yulong WFOE as the pledgee will be entitled to certain rights and entitlements, including the priority in receiving payments by the evaluation or proceeds from the auction or sale of whole or part of the pledged equity interests of such Yulong operating company. The agreement will terminate at the earlier of (i) the date the shareholders have transferred all of their pledged equity interests pursuant to the option agreement or (ii) two years from the satisfaction by such Yulong operating company of all its obligations under the exclusive consulting and service agreement. Voting Rights Proxy and Financial Supporting Agreements Pursuant to the voting rights proxy and financial supporting agreement between the shareholders of each Yulong operating company and Yulong WFOE, such shareholders have given Yulong WFOE an irrevocable proxy to act on their behalf on all matters pertaining to such Yulong operating company and to exercise all of their rights as shareholders of such Yulong operating company, including the right to attend shareholders meeting, to exercise voting rights and to transfer all or a part of their equity interests in such Yulong operating company. In consideration of such granted rights, Yulong WFOE agrees to provide the necessary financial support to such Yulong operating company whether or not such Yulong operating company incurs loss, and agrees not to request for repayment if such Yulong operating company is unable to do so. The agreement will terminate at the earlier of (i) the date on which all of the equity interests of such Yulong operating company have been transferred to Yulong WFOE or (ii) the unilateral termination by Yulong WFOE. As a result of the foregoing contractual arrangements, which give Yulong WFOE effective control of the Yulong operating companies, obligate Yulong WFOE to absorb all of the risk of loss from their activities, and enable Yulong WFOE to receive all of their expected residual returns, the Company accounts for each Yulong operating company as a variable interest entity (“VIE”). Additionally, as the parent company of Yulong WFOE, the Company is considered the primary beneficiary of the Yulong operating companies. Accordingly, the Company consolidates the accounts of the Yulong operating companies for the years ended June 30, 2015 and 2014, in accordance with Regulation S-X-3A-02 promulgated by the Securities Exchange Commission, and Accounting Standards Codification (“ASC”) 810-10, Consolidation. The accompanying consolidated financial statements reflect the activities of Yulong Eco-Materials and each of the following entities: Name Background Ownership Yulong BVI ● A British Virgin Islands company 100% ● Incorporated on June 15, 2011 Yulong HK ● A Hong Kong company 100% ● Incorporated on July 21, 2011 Yulong WFOE ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) 100% ● Incorporated on September 2, 2011 ● Registered capital of $100,000 fully funded Yulong Bricks ● A PRC limited liability company VIE by contractual ● Incorporated on September 20, 2006 arrangements ● Registered capital of $4,395,000 (RMB 30,000,000) fully funded ● Production and sales of fly-ash bricks Yulong Concrete ● A PRC limited liability company VIE by contractual ● Incorporated on December 7, 2004 arrangements ● Registered capital of $2,830,000 (RMB 20,000,000) fully funded ● Production and sales of ready-mixed concrete Yulong Transport ● A PRC limited liability company VIE by contractual ● Incorporated on July 13, 2009 arrangements ● Registered capital of $1,465,464 (RMB 10,010,000) fully funded ● Provide ready-mixed concrete transportation services Yulong Renewable ● A PRC limited liability company VIE by contractual ● Incorporated on August 16, 2011 arrangements ● Registered capital of $9,510,000 (RMB 60,000,000) fully funded ● Hauling of construction waste; production and sales of recycled aggregates and recycled bricks ● Commenced operation in April 2015

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of significant accounting policies	Note 2 – Summary of significant accounting policies Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with the generally accepted accounting principles in the United States of America (“U.S. GAAP”). Principles of consolidation The consolidated financial statements include the accounts of the Company, its subsidiaries, and the VIEs. All intercompany transactions and balances between the Company, its subsidiaries and the VIEs are eliminated upon consolidation. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements and footnotes. Significant accounting estimates reflected in the Company’s consolidated financial statements include the useful lives and impairment of property, plant and equipment, collectability of receivables, realization of deferred tax assets, inventory valuation, and the present value of the net minimum lease payments of the capital lease. Actual results could differ from these estimates. Foreign currency translation The reporting currency of the Company is the U.S. dollar. The Company’s Chinese subsidiary and the VIEs use the local currency, Renminbi (RMB), as their functional currency as determined based on the criteria of ASC 830, “Foreign Currency Translation”. Assets and liabilities are translated at the unified exchange rate as quoted by the People’s Bank of China (the “PBOC”) at the end of the period. Income and expense accounts are translated at the average translation rates and the equity accounts are translated at historical rates. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statement of equity. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Translation adjustments included in accumulated other comprehensive income amounted to $2,506,840 and $2,180,652 as of June 30, 2015 and 2014, respectively. The balance sheet amounts, with the exception of equity, at June 30, 2015 and 2014 were translated at 6.11 RMB and 6.15 RMB to $1.00, respectively. The equity accounts were stated at their historical rate. The average translation rate applied to statement of income and other comprehensive income accounts for the years ended June 30, 2015 and 2014 was 6.14 RMB. Cash flows are also translated at the average translation rate for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheet. Cash and cash equivalents Cash and cash equivalents consist of cash on hand, demand deposits and time deposits placed with banks or other financial institutions which are unrestricted as to withdrawal and use and have original maturities of less than three months. Accounts and other receivables, net During the normal course of business, the Company extends unsecured credit to its customers and others, as further discussed in Note 5. Management reviews its accounts receivable balances each reporting period to determine if an allowance for doubtful accounts is required. Customer accounts are considered past due over 90 days. An estimate for doubtful accounts is recorded when collection of the full amount is no longer probable. Bad debts are written off against the allowance after all collection efforts have ceased. The Company determined that no allowance is necessary at the balance sheet dates based on historical experience. Inventories Inventories consist of raw materials and finished goods and are stated at the lower of cost or market, as determined using the weighted average cost method. Management compares the cost of inventories with the market value and an allowance is made for writing down the inventory to its market value, if lower than cost. On an ongoing basis, inventories are reviewed for potential write-down for estimated obsolescence or unmarketable inventories equal to the difference between the costs of inventories and the estimated net realizable value based upon forecasts for future demand and market conditions. When inventories are written-down to the lower of cost or market, it is not marked up subsequently based on changes in underlying facts and circumstances. As of June 30, 2015 and 2014, the Company determined that no reserves for obsolescence were necessary. Advances to suppliers The Company advances money to certain suppliers for raw material purchases. Such advances are interest-free and unsecured. Management regularly reviews the aging of such advances as well as delivery trends of purchased materials, and records an allowance when it believes that delivery of materials due is at risk. Advances aged over one year and considered uncollectible are written off after exhaustive efforts at collection. No allowance for doubtful accounts was considered necessary at the balance sheet dates. Plant and equipment Plant and equipment are stated at cost. Depreciation is provided over the estimated useful life of each class of depreciable assets and is computed using the straight-line method over the useful lives of the assets are as follows: Useful Life Buildings and improvements 10-30 years Machinery and equipment 5-10 years Transportation equipment 5-10 years Office equipment 3-5 years The Company accounts for all significant leases as either operating or capital. At lease inception, if the lease meets any of the following four criteria, the Company will classify it as a capital lease; otherwise it will be treated as an operating lease: (a) transfer of ownership to lessee at the end of the lease term, (b) bargain purchase option, (c) lease term is equal to 75% or more of the estimated economic life of the leased property, or (d) the present value of the minimum lease payments is 90% or more of the fair value of the leased asset. The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the consolidated statements of income and comprehensive income. Construction-in-progress represents labor costs, materials, and capitalized interest incurred in connection with the construction. Interest incurred during construction is capitalized into construction in progress. All other interest is expensed as incurred. No depreciation is provided for construction in progress until it is completed and placed into service. Expenditures for maintenance and repairs are charged to earnings as incurred while additions, renewals and betterments are capitalized. Prepayments Prepayments represent advances made to certain suppliers for equipment purchases or advance made to contractors in connection with the Company’s construction-in-progress. Prepayments also include advances made to a village committee in connection with acquiring land use rights. Management regularly reviews aging of prepayments and records an allowance when management believes collection of equipment, land use rights, or services to be performed due are at risk. Advances aged over one year and considered uncollectible are written off after exhaustive efforts at collection. No allowance for doubtful accounts is considered necessary at the balance sheet dates. Intangible assets Intangible assets are carried at cost less accumulated amortization. The Company accounts for all significant leases of land use rights for purposes of classification as either operating or capital. At lease inception, if the lease meets either of the following two criteria, the Company will classify it as a capital lease: (a) transfer of ownership to lessee at the end of the lease term, or (b) bargain purchase option. Otherwise, the lease will be treated as an operating lease. Intangible assets with finite useful lives are amortized using a straight-line method of amortization that reflects the estimated pattern in which the economic benefits of the intangible asset are to be consumed. The original estimated useful life for the land use rights of each entity is as follows: Entity Description of assets Estimated useful life Yulong Bricks Land use right 50 Yulong Concrete Land use right 50 Yulong Renewable Land use right 50 Intangible assets are reviewed at least annually, more often when circumstances require, to determine whether their carrying values have become impaired. The Company considers an asset to be impaired if its carrying value exceeds the future projected cash flows from related operations. The Company also re-evaluates the periods of amortization to determine whether subsequent events and circumstances warrant revised estimates of useful lives. Impairment for long-lived assets Long-lived assets, including buildings and improvements, equipment and intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based on the undiscounted future cash flows the assets are expected to generate and recognize an impairment loss when estimated discounted future cash flows expected to result from the use of the asset plus net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. When the Company identifies an impairment, the Company reduce the carrying amount of the asset to its estimated fair value based on a discounted cash flows approach or, when available and appropriate, to comparable market values. As of June 30, 2015 and 2014, management believes there was no impairment. Fair Values of Financial Instruments ASC Topic 825, Financial Instruments (“Topic 825”) requires disclosure of fair value information of financial instruments, whether or not recognized in the balance sheets, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. Topic 825 excludes certain financial instruments and all non-financial assets and liabilities from its disclosure requirements. Accordingly, the aggregate fair value amounts do not represent the underlying value of the Company. The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3 inputs to the valuation methodology are unobservable and significant to the fair value. The Company considers the carrying amount of cash, accounts receivable, other receivables, accounts payable, notes payable and other short-term payables, to approximate their fair values because of the short period of time between the origination of such instruments and their expected realization. The Company determined that the carrying value of the noncurrent capital lease obligations approximated their fair value using level 2 inputs by comparing the stated loan interest rate to the rate charged by the PBOC on similar loans. Revenue recognition The Company recognizes revenue in accordance with ASC 605, Revenue Recognition The Company sells concrete and bricks primarily to major local real estate development and/or construction companies. Sales agreements are signed with each customer. Each agreement has specific terms and conditions with the exception of delivery date and quantity, which are provided when the customer issues an order pursuant to the agreement. The Company does not sell products to customers on consignment basis. There is no right of return after products are delivered and accepted by the customer. Revenue represents the invoiced value of goods, net of a value added tax (“VAT”). Recycling revenues includes sales of recycled aggregates and recycled bricks. Sales agreements are signed with each customer. Revenue is recognized similar to sales of concrete and bricks. Recycling revenue also include hauling services of construction waste. The Company operates a fleet of trucks to haul construction waste, consisting primarily of bricks and concrete, from construction and demolition sites. Revenue is recognized upon completion of hauling from the construction and demolition sites per truckloads. The Company also provides transportation services for its concrete customers. Revenue is recognized upon delivery of the concrete. Transportation services revenue is immaterial to the Company’s consolidated revenues for the periods presented in the accompanying financial statements. Shipping and handling Shipping and handling costs pertaining to raw material purchases are included in cost of revenue. Shipping costs incurred in the delivery of products and depreciation expenses for transportation equipment (under Yulong Transport) are included in selling expense. Shipping costs amounted to $316,256 and $432,328 for the years ended June 30, 2015 and 2014, respectively. Depreciation expense amounted to $188,662 and $320,218 for the years ended June 30, 2015 and 2014, respectively. Concentration of risk Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. As of June 30, 2015 and 2014, $16,393,414 and $19,526,224 were deposited with various major financial institutions located in the PRC, respectively. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness. Historically, deposits in Chinese banks are secure due to state policy to protect depositor interests. However, China promulgated a Bankruptcy Law in August 2006 that came into effect on June 1, 2007, which contains a separate article expressly stating that the State Council may promulgate implementation measures to provide for the bankruptcy of Chinese banks based on the Bankruptcy Law. Under the current Bankruptcy Law, a Chinese bank may file bankruptcy if it deems itself to be insolvent. In addition, since China’s concession to the World Trade Organization, foreign banks have been gradually permitted to operate in China and have intensified competition in many aspects, especially since the opening of the Renminbi business to foreign banks in late 2006. Therefore, the risk of bankruptcy at the institutions that the Company maintains deposits has increased. In the event of bankruptcy, the Company is unlikely to reclaim its deposits in full since it is unlikely to be classified as a secured creditor under PRC laws. Accounts receivable are typically unsecured and derived from revenue earned from customers, thereby exposed to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring of outstanding balances. The Company maintains reserves for estimated credit losses, and such losses have generally been within expectations. Customer and vendor concentration risk For the years ended June 30, 2015 and 2014, no customer accounted for more than 10% of the Company's total revenues. As of June 30, 2015, two customers accounted for 12% and 11% of the Company’s total accounts receivable, respectively. As of June 30, 2014, one customer accounted for 14% of the Company's total accounts receivable. For the year ended June 30, 2015, four major suppliers accounted for 19%, 19%, 14% and 13% of the Company’s total purchases. For the year ended June 30, 2014, four major suppliers accounted for 17%, 15%, 13% and 12% of the Company's total purchases. As of June 30, 2015, three suppliers accounted for 32%, 23% and 18% of the Company’s accounts payable balances. As of June 30, 2014, three suppliers accounted for 31%, 21% and 15% of the Company’s accounts payable balances. Income taxes The Company accounts for income taxes using the liability method. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company records a valuation allowance against deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. The Company applies ASC 740, Accounting for Income Taxes As of June 30, 2015, Yulong WFOE and the VIEs have each filed income tax returns in China for the years ended December 31, 2010 to 2014. All such tax returns are subject to examination by the Chinese taxing authorities. Earnings per share Earnings per share are calculated in accordance with ASC 260-10, Earnings per Share Comprehensive income Comprehensive income is defined to include all changes in shareholders’ equity except those resulting from investments by owners and distributions to owners. Among other disclosures, ASC 220-10, Comprehensive Income Employee benefit The full-time employees of Yulong WFOE and the VIEs are entitled to staff welfare benefits including medical care, housing fund, pension benefits and unemployment insurance, which are government mandated defined contribution plans. The Company is required to accrue for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash contributions to the state-sponsored plans out of the amounts accrued. Total expense for the plans was $118,410 and $109,502 for the years ended June 30, 2015 and 2014, respectively. Recently issued accounting pronouncements In August 2014, FASB issued ASU No. 2014-15, Preparation of Financial Statements - Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In November 2014, FASB issued ASU No. 2014-17, Business Combinations (Topic 805): Pushdown Accounting (a consensus of the FASB Emerging Issues Task Force In January 2015, FASB issued ASU No. 2015-01, Income Statement—Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items . FASB is issuing this Update as part of its initiative to reduce complexity in accounting standards (the Simplification Initiative). The objective of the Simplification Initiative is to identify, evaluate, and improve areas of generally accepted accounting principles (GAAP) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to the users of financial statements. This Update eliminates from GAAP the concept of extraordinary items. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments prospectively. A reporting entity also may apply the amendments retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The effective date is the same for both public business entities and all other entities. The Company does not expect the adoption of ASU 2015-01 to have material impact on the Company’s consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, Amendments to the Consolidation Analysis. Under both current GAAP requirements and the amendments in this update, a decision maker is determined to be the primary beneficiary of a VIE if it satisfies both the power and the economics criteria. The primary beneficiary consolidates a VIE because it has a controlling financial interest. Under the requirements in current GAAP, if a fee arrangement paid to a decision maker, such as an asset management fee, is determined to be a variable interest in a VIE, the decision maker must include the fee arrangement in its primary beneficiary determination and could consolidate the VIE on the basis of power (decision-making authority) and economics (the fee arrangement). However, the amendments in this Update specify that some fees paid to a decision maker are excluded from the evaluation of the economics criterion if the fees are both customary and commensurate with the level of effort required for the services provided. Those amendments make it less likely for a decision maker to meet the economics criterion solely on the basis of a fee arrangement. The amendments in this update are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of ASU 2015-02 to have a material impact on the Company’s consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, an amendment to Topic 330 for simplifying the measurement of inventory. The update requires that inventory be measured at the lower of cost and net realizable value where net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendment is intended to provide clarification on the measurement and disclosure of inventory in Topic 330 and not intended for those clarifications to result in any changes in practice. The ASU is effective for interim and annual periods beginning after December 15, 2016. Early application is permitted for all entities and should be applied prospectively. The Company does not expect the adoption of ASU 2015-11 to have material impact on the Company’s consolidated financial statements.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Jun. 30, 2015
Variable Interest Entities [Abstract]
Variable interest entities	Note 3 – Variable interest entities On September 2, 2011, Yulong WFOE entered into the Contractual Arrangements with each Yulong operating company and its shareholders. The Contractual Arrangements were subsequently amended on April 21, 2014, and again on June 24, 2015, with respect to Yulong Renewable. The significant terms of the Contractual Arrangements are summarized in “Note 1 - VIEs are entities that have either a total equity investment that is insufficient to permit the entity to finance its activities without additional subordinated financial support, or whose equity investors lack the characteristics of a controlling financial interest, such as through voting rights, right to receive the expected residual returns of the entity or obligation to absorb the expected losses of the entity. The variable interest holder, if any, that has a controlling financial interest in a VIE is deemed to be the primary beneficiary and must consolidate the VIE. Yulong WFOE is deemed to have a controlling financial interest and be the primary beneficiary of each Yulong operating company because it has both of the following characteristics: (1) The power to direct activities at each Yulong operating company that most significantly impact such entity’s economic performance, and (2) The obligation to absorb losses of, and the right to receive benefits from, each Yulong operating company that could potentially be significant to such entity. Pursuant to the Contractual Arrangements, each Yulong operating company pays service fees equal to all of its net profit after tax payments to Yulong WFOE. At the same time, Yulong WFOE is obligated to absorb all of their losses. The Contractual Arrangements are designed so that the Yulong operating companies operate for the benefit of Yulong WFOE and ultimately, the Company. Accordingly, the accounts of the Yulong operating companies are consolidated in the accompanying financial statements pursuant to ASC 810-10, Consolidation. In addition, their financial positions and results of operations are included in the Company’s financial statements. The Yulong operating companies are owned and controlled by their founder, with the other shareholders holding equity interests on behalf and for the benefits of the founder. Such arrangements are memorialized in agreements between the founder and the other shareholders entered into prior to the completion of the share exchange transaction between the Company and Yulong BVI in December 2011 (see “Note 1 – Nature of business and organization – Share Exchange Agreement” above). Through such arrangements, the founder can direct and cause Yulong WFOE and the Yulong operating companies to enter into the Contractual Arrangements, and to amend such agreements as necessary, at any time. Accordingly, beginning on July 1, 2011, Yulong BVI has been consolidating the accounts of the Yulong operating companies because they were under common control since such time in accordance with ASC 805-50, Business Combination. For this reason, the Contractual Arrangements have been accounted for as a reorganization of entities and the consolidation of the Yulong operating companies through the Contractual Arrangements has been accounted for at historical cost and prepared on the basis as if the Contractual Arrangements became effective as of the beginning of the first period presented on July 1, 2011 in the accompanying consolidated financial statements. The carrying amount of the VIEs’ consolidated assets and liabilities are as follows for the years indicated: June 30, June 30, Current assets $ 26,547,906 $ 26,632,362 Plant and equipment, net 41,267,655 34,381,554 Other noncurrent assets 9,489,571 8,421,115 Total assets 77,305,132 69,435,031 Total liabilities 29,529,680 (31,771,827 ) Net assets $ 47,775,452 $ 37,663,204 The VIEs’ liabilities consist of the following for the years indicated: June 30, June 30, Current liabilities: Short term loan - banks $ 7,972,190 $ 7,751,250 Accounts payable 1,726,158 1,820,585 Other payables and accrued liabilities 3,711,210 598,888 Other payables - related parties 2,273,869 182,000 Customer deposits - 402,499 Taxes payable 1,098,093 1,113,617 Capital lease obligations-current 4,615,083 1,610,492 Dividends payable 7,994,125 - Total current liabilities 29,390,728 13,479,331 Long term liabilities: Other payables - 487,500 Other payables - related parties - 9,801,110 Dividends payable - 7,935,525 Capital lease obligations-non-current 138,952 68,361 Total long term liabilities 138,952 18,292,496 Total liabilities $ 29,529,680 $ 31,771,827 The operating results of the VIEs are as follows: Years ended 2015 2014 Revenue $ 46,230,384 $ 44,456,436 Gross profit $ 16,867,399 $ 16,952,975 Income from operations $ 13,964,941 $ 15,616,442 Net income $ 9,786,060 $ 11,092,208

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Accounts receivable, net	Note 4 – Accounts receivable, net Accounts receivable, net consists of the following for the years indicated: June 30, June 30, Accounts receivable $ 9,329,495 $ 5,181,394 Less: allowance for doubtful accounts - - Total accounts receivable, net $ 9,329,495 $ 5,181,394 Movement of allowance for doubtful accounts is as follows for the years indicated: June 30, June 30, Beginning balance $ - $ 126,196 Charge to expense (benefit) - (126,742 ) Exchange rate effect - 546 Ending balance $ - $ -

Other Receivables

Other Receivables	12 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Other receivables	Note 5 – Other receivables Other receivables consisted of the following for the years indicated: June 30, June 30, Deposits for equipment purchase $ 126,856 $ 136,130 Deposit for outsourcing agreement (1) 147,330 146,250 Deposit for new project (2) 8,185 - Advances to employees 3,782 67,740 Total $ 286,153 $ 350,120 (1) In December 2011, Yulong Bricks agreed to outsource some brick production to Pingdingshan Hongrui New Construction Materials Co., Ltd., an unrelated party, and paid approximately $147,330 (RMB 900,000) as security deposit, which deposit is due on demand. (2) In April 2015, Yulong Renewable paid $8,185 (RMB 50, 000) as security deposit in order to bid on a new project.

Inventories

Inventories	12 Months Ended
	Jun. 30, 2015
Inventories [Abstract]
Inventories	Note 6 – Inventories Inventories consisted of the following for the years indicated: June 30, June 30, Raw materials $ 267,560 $ 273,583 Semi-finished byproduct 6,196 - Finished goods 90,498 148,415 Total inventories $ 364,254 $ 421,998 Raw materials for bricks consist primarily of cement, gypsum, quicklime, aluminum powder and reclaimed fly-ash. Raw materials for concrete consist primarily of cement, admixture, sand and pebble. The cost of finished goods includes direct costs of raw materials as well as direct labor used in production. Indirect production costs at normal capacity such as utilities and indirect labor related to production such as assembling, shipping and handling costs for purchasing are also included in the cost of inventory. As of June 30, 2015 and 2014, management believed that no inventory allowance was deemed necessary.

Plant and Equipment, Net

Plant and Equipment, Net	12 Months Ended
	Jun. 30, 2015
Plant and Equipment, Net [Abstract]
Plant and equipment, net	Note 7 – Plant and equipment, net Plant and equipment consisted of the following for the years indicated: June 30, June 30, Building and improvements $ 17,959,588 $ 8,235,612 Machinery and equipment 7,861,193 4,410,162 Machinery and equipment under capital lease 1,883,535 1,406,278 Transportation equipment 938,202 754,632 Transportation equipment under capital lease 2,923,262 1,095,645 Office equipment 107,128 66,080 Construction-in-progress 16,889,716 23,961,342 Subtotal 48,562,624 39,929,751 Less: accumulated depreciation (7,294,969 ) (5,548,197 ) Total $ 41,267,655 $ 34,381,554 Construction-in-progress represents labor costs and materials incurred in connection with the construction of a construction waste recycling plant, a brick production plant with two production lines, a research and development center and office building for Yulong Renewable, and an autoclave for Yulong Bricks. No depreciation is provided for construction-in-progress until it is completed and placed into service. Total budget for the construction of the waste recycling plant and brick production plant is approximately $44.8 million, of which approximately $11.1 million was transferred to fixed assets. The Company completed construction of Yulong Renewable’s production and research facilities, employee dormitory and office building, and commenced formal operations of the production facilities (with one brick production line) in April 2015. The Company is currently renovating the research center and the office building, and expects to complete such work by the end of October 2015, and install the second brick production line as well as to purchase additional hauling trucks for the recycling plant by December 2015. Total budget for the installation of the autoclave is approximately $131,000. Rail installation for the autoclave began in December 2014, and installation of the autoclave is expected to be completed by the end of December 2015. Construction-in-progress consisted of the following as of June 30, 2015: Construction-in-progress description Value Estimated Estimated additional cost to complete Waste recycling plant, brick production plant, research and development center and office building (1) $ 16,881,987 December $ 13,237,231 Autoclave installation (2) $ 7,729 December $ 106,861 (1) As of June 30, 2015, approximately $3.6 million was included in prepayment (See Note 8), approximately $16.9 million was included in construction-in-progress, approximately $11.1 million was transferred to fixed assets, and approximately $13.2 million was not yet due. The Company may incur other costs in addition to what have been contracted for. (2) Approximately $74,000 in the aggregate for installation has been contracted for. As of June 30, 2015, approximately $16,000 was included in prepayment (See Note 8), approximately $8,000 was included in construction-in-progress, and approximately $107,000 was not yet due. The Company may incur other costs in addition to what have been contracted for. Depreciation expense is $1,697,465 and $1,333,257 for the years ended June 30, 2015 and 2014, respectively. Machinery and equipment under capital lease In December 2011, the Company entered into a lease agreement with a third party to lease two special-order machines for three years for approximately $1,211,000 (RMB 7,400,000). The lease required a one-time payment of $242,276 and an additional $32,740 as a security deposit paid in January 2012, monthly lease payments of approximately $33,000 from January 2012 to December 2014, and interest rate per annum of 15.3%. The Company has an option to purchase the machines for $327 if there is no default of the lease payments at the end of the lease term (see Note 12). In November 2014, the Company paid approximately $70,000 (RMB 427,613) in penalties due to late payments, and as of June 30, 2015, the Company paid off the lease and ownership of the machines was transferred to the Company. The Company placed these machines into service in September 2013, and they have accordingly been capitalized. In March 2014, the Company entered into a lease agreement with a third party to lease an excavator for two years for approximately $149,000 (RMB 908,240). The lease requires a one-time payment of $37,952 and an additional $5,828 as a security deposit paid in March 2014, monthly lease payments of approximately $5,000 from June 2014 to May 2016, with interest rate per annum of 8.8%. The ownership of the trucks will transfer to the Company if there is no default of the lease payments at the end of the lease term (see Note 12). In March 2014, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $57,000 (RMB 345,780). The lease requires a one-time payment of $17,758 and an additional $5,549 as a security deposit paid in March 2014, monthly lease payments of approximately $3,000 from June 2014 to November 2015, with interest rate per annum of 8.5%. The ownership of the trucks will transfer to the Company if there is no default of the lease payments at the end of the lease term (see Note 12). In September 2014, the Company entered into a lease agreement with a third party to lease an excavator for two years for approximately $210,000 (RMB 1,285,000). The lease requires a one-time payment of $54,506 and an additional $8,414 as a security deposit paid in October 2014, monthly lease payments of approximately $8,000 from November 2014 to October 2016, with interest rate per annum of 8.7%. The ownership of the excavator will transfer to the Company if there is no default of the lease payments at the end of the lease term (see Note 12). In September 2014, the Company entered into a lease agreement with a third party to lease an excavator for two years for approximately $146,000 (RMB 890,000). The lease requires a one-time payment of $37,952 and an additional $5,828 as a security deposit paid in October 2014, monthly lease payments of approximately $5,000 from November 2014 to October 2015, with interest rate per annum of 8.7%. The ownership of the excavator will transfer to the Company if there is no default of the lease payments at the end of the lease term (see Note 12). In September 2014, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $55,000 (RMB 339,000). The lease requires a one-time payment of $17,758 and an additional $5,549 as a security deposit paid in October 2014, monthly lease payments of approximately $3,000 from November 2014 to April 2016, with interest rate per annum of 8.3%. The ownership of the loader will transfer to the Company if there is no default of the lease payments at the end of the lease term (see Note 12). In September 2014, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $55,000 (RMB 338,000). The lease requires a one-time payment of $17,706 and an additional $5,533 as a security deposit paid in October 2014, monthly lease payments of approximately $3,000 from November 2014 to April 2016, with interest rate per annum of 8.3%. The ownership of the loader will transfer to the Company if there is no default of the lease payments at the end of the lease term (see Note 12). Transportation equipment under capital leases In October 2012, the Company entered into a lease agreement with a third party to lease ten waste hauling trucks for two years for approximately of $673,000 (RMB 4,114,208), including $52,057 (RMB 318,000) as security deposits and $67,936 (RMB 415,000) for insurance. The lease also requires a one-time payment of $163,701 in April 2013 and monthly lease payments of approximately $26,000 originally from June 2013 to May 2015, with interest rate at 18.2% per annum. The ownership of the trucks has been transferred to the Company with an attached lien that will be removed if there is no default of the lease payments at the end of the extended lease term (see Note 12). As of June 30, 2015, approximately $334,000 of lease payments remained outstanding, which the Company expects to pay in full by the end of December 2015. In November 2012, the Company entered into another lease agreement with a third party to lease ten waste hauling trucks for two years for approximately of $659,000 (RMB 4,027,225), including $52,057 (RMB 318,000) as security deposits and $56,968 (RMB 348,000) for insurance. The lease also requires a one-time payment of $163,704 on April 30, 2013, monthly lease payments of approximately $32,000 from July 2013 to June 2014, and monthly lease payments of approximately $16,000 originally from July 2014 to June 2015, with interest rate at 16.8 % per annum. The ownership of the trucks has been transfer to the Company with an attached lien that will be removed if there is no default of the lease payments at the end of the extended lease term (see Note 12). As of June 30, 2015, approximately $291,000 of lease payments remained outstanding, which the Company expects to pay in full by the end of December 2015. In January 2014, the Company entered into a memorandum of understanding to lease 100 waste hauling trucks with a third party for approximately $68,000 (RMB 418,000) per truck. In July 2014, the Company entered into a binding agreement with the same party to lease the first 30 trucks for two years for approximately $1,820,000 (RMB 11,115,000), or approximately $61,000 (RMB 370,500) per truck. The lease also requires a one-time payment of $383,058 (RMB 2,340,000) as security deposit paid in July 2014 and monthly lease payments of approximately $89,000 from August 2014 to July 2016, with interest rate at 15.6% per annum. The Company has an option to purchase the vehicles for $491 if there is no default of the lease payments at the end of the lease term (see Note 12). For the remaining 70 trucks, the Company plans to enter into another binding agreement with the same third party in October 2015. The Company recognized approximately $297,000 and $200,000 of interest expense related to the above capital lease equipment for the years ended June 30, 2015 and 2014, respectively. The Company recognized approximately $693,000 and $320,000 of depreciation expense related to the above capital lease equipment for the years ended June 30, 2015 and 2014, respectively. The carrying value of leased assets under capital leases consists of the following for the years indicated: June 30, June 30, Machinery and equipment $ 1,883,535 $ 1,406,278 Transportation equipment 2,923,262 1,095,645 Subtotal 4,806,797 2,501,923 Less: accumulated depreciation (1,036,884 ) (337,598 ) Total $ 3,769,913 $ 2,164,325

Prepayments

Prepayments	12 Months Ended
	Jun. 30, 2015
Prepayments [Abstract]
Prepayments	Note 8 – Prepayments Prepayments consisted of the following for the years indicated: June 30, June 30, Prepayment for equipment purchase $ 21,281 $ 589,875 Prepayment for construction (a) 3,637,467 4,803,303 Prepayment for land use right - 378,503 Total non-current $ 3,658,748 $ 5,771,681 (a) Prepayments for construction are advances made in connection with the construction of Yulong Renewable’s waste recycling plant and brick production plant (see Note 7).

Intangibles, Net

Intangibles, Net	12 Months Ended
	Jun. 30, 2015
Intangibles, net [Abstract]
Intangibles, net	Note 9 – Intangibles, net Intangible assets consisted of the following for the years indicated: June 30, June 30, Land use rights under capital lease $ 5,267,495 $ 2,746,232 Less: accumulated amortization (354,119 ) (296,473 ) Total $ 4,913,376 $ 2,449,759 Land use rights under capital leases All land in the PRC is state-owned, but the government can grant “land use rights”. The Company acquired three land use rights in 2007, 2009 and 2015 for a total of $4,974,614 (RMB 30,388,600) and incurred $292,881 (RMB 1,789,135) of associated costs. The Company has not completed the ownership transfer registration for such rights. Pursuant to supplement land usage reimbursement agreements between Yulong Bricks and the Villagers’ Committee of Xiwuzhuang Village dated February 12, 2014, between Yulong Concrete and the Villagers’ Committee of Gaozhuang Village dated February 12, 2014, and between Yulong Renewable and the Villagers’ Committee of Lvzhuang Village dated September 6, 2015, the purchase price may be accounted for as lease expenses over 50 years, which will expire in December 2058 with respect to Yulong Bricks and Yulong Concrete, and in March 2065 with respect to Yulong Renewable, until the Company can complete such registration. Amortization expense for the years ended June 30, 2015 and 2014 amounted to $55,186 and $55,152, respectively. The estimated amortization expenses for each of the five succeeding years is as follows: Year ending Estimated 2016 $ 104,962 2017 104,962 2018 104,962 2019 104,962 2020 104,962 Thereafter 4,388,566 Total $ 4,913,376

Short-Term Loans

Short-Term Loans	12 Months Ended
	Jun. 30, 2015
Short-Term Loans and Capital Lease Obligations [Abstract]
Short-term loans	Note 10 – Short-term loans Short-term loans represented amounts due to various banks, normally due within one year. The principal of the loans are due at maturity but can be renewed at the bank’s option. Interest is due monthly. Short term loans due to banks consisted of the following as of the years indicated: Due to banks June 30, June 30, Loan from Pingdingshan Bank, matured in April 2014. Interest rate of 12.0% per annum. Guaranteed by Yulong Bricks. The Company fully repaid the loan on April 29, 2014, and entered into a new agreement to borrow $617,500, which was due in April 2015, with annual interest of 12%, and guaranteed by Yulong Bricks and a third party. The Company repaid $257,360 in April 2015 and obtained the Bank’s approval to extend the remaining $360,140 until April 2016. Interest rate is 11.5% per annum. Guaranteed by Yulong Bricks, the executive director of Yulong Bricks, a third party, the Company founder and his relatives. $ 360,140 $ 617,500 Loan from Pingdingshan Rural Credit Cooperative Union, originally matured in June 2014. Interest rate of 12.1% per annum. Guaranteed by the founder, his relative, Yulong Industry Company, a related party, and Yulong Bricks. Due date extended to June 2015, with interest rate of 12.1% annually. The Company repaid the loan in July 2015 with a new loan of the same amount which will be due in July 2016, with interest rate of 12.1% per annum. Guaranteed by Yulong Bricks, Yulong Renewable, the founder and a company that he owns. 2,373,650 2,356,250 Loan from Pingdingshan Bank, matured in August 2014. Interest rate of 10.8% per annum. Guaranteed by Yulong Transport and Yulong Concrete. This loan was fully repaid on August 11, 2014. - 812,500 Loan from Pingdingshan Bank, matured in January 2015. Interest rate of 10.8% per annum. Guaranteed by a third party. The Company repaid $75,850 in January 2015 and extended the remaining $736,650, which matured in July 2015, with interest rate of 10.8% per annum. The Company repaid the loan in August 2015 with a new loan of the same amount which matures in August 2016. Interest rate is 8.73% per annum. 736,650 812,500 Loan from Pingdingshan Bank, matured in March 2015. Interest rate of 10.8% per annum. Guaranteed by Yulong Concrete and Yulong Renewable. The Company has repaid the loan in full. - 731,250 Loan from Pingdingshan Rural Credit Cooperative Union, matured in May 2015. Interest rate of 12.1% per annum. Guaranteed by Yulong Bricks, Yulong Transport and three relatives of the founder. The Company repaid $59,600 in May and obtained approval from the Union to extend the remaining balance through May 2016, with interest rate of 12.1% per annum. Guaranteed by Yulong Bricks, Yulong Concrete and the founder. 736,650 796,250 Loan from Pingdingshan Rural Credit Cooperative Union, matured in December 2014. Interest rate of 12.6% per annum. Guaranteed by Yulong Transport, a third party, the founder and his relative. This loan was fully repaid in December 2014. - 1,625,000 Loan from Pingdingshan Bank, matured in August 2015. Interest rate of 10.8% per annum. Guaranteed by Yulong Concrete, Yulong Transport, Yulong Renewable, the executive director of Yulong Bricks, the founder and his relatives. 818,500 - Loan from Pingdingshan Rural Credit Cooperative Union, matures in December 2015. Interest rate of 12.6% per annum. Guaranteed by Yulong Transport, a third party, the founder and the executive director of Yulong Bricks. 1,637,000 - Loan from Pingdingshan Bank, matures in March 2016. Interest rate is 10.2% per annum. Guaranteed by Yulong Concrete, Yulong Renewable, the executive director of Yulong Bricks, the founder and his relative. 654,800 - Loan from China Construction Bank, matures in June 2016. Interest rate is 6.1% per annum. Guaranteed by Yulong Concrete and a third party. 654,800 - Total short-term loans - bank $ 7,972,190 $ 7,751,250 Interest expense on debts for the years ended June 30, 2015 and 2014 amounted to $1,000,326 and $983,191, respectively. No interest expense has been capitalized into construction-in-progress due to all borrowings were for working capital purposes.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related party transactions	Note 11 – Related party transactions Other receivables - related parties Other receivables - related parties are those nontrade receivables arising from transactions between the Company and certain related parties, such as loans and employee advances to such related parties. The loans and employee advances are unsecured, non-interest bearing and due on demand. Other receivables - related parties consisted of the following for the years indicated: Name of related parties Relationship Nature of transactions June 30, 2015 June 30, 2014 Liping Zhai Relative of founder and member of management Employee advance for travel and business expenses $ - $ 3,148 Henan Juhe Industrial Co., Ltd. (1) Owned by founder Loan to founder's entity for funding business development activities - 933,460 Total $ - $ 936,608 Other payables - related parties Other payables – related parties are nontrade payables arising from transactions between the Company and certain related parties, such as loans from such related parties. The loans are unsecured and non-interest bearing. Current payables are due on demand. On June 30, 2014, the Company reclassified $9,801,110 of such other payables from current payables to non-current payables, as the related parties agreed not to require repayment before December 31, 2015. During the year ended June 30, 2015, however, the Company repaid approximately $6.5 million to its founder (including a $912,240 non-cash transaction discussed under “non-cash transactions-related parties” below) after consulting with him regarding his cash needs and after determining that the Company had sufficient cash on hand. The Company’s founder who is also its chief executive officer and majority shareholder has agreed to support the Company financially on an as needed basis, as he has done in the past. Name of related parties Relationship Nature of transactions June 30, 2015 June 30, 2014 Yulong Zhu (1) Founder Loan from founder for operating cash flows $ 2,342,541 $ 9,418,968 Henan Yuliang Hotel Co., Ltd. Owned by founder Loan from founder's entity for operating cash flows 21,281 182,000 Lei Zhu (2) Relative of founder Loan from relative of founder for operating cash flow 220,282 381,167 Hu Zhu Relative of founder Loan from relative of founder for operating cash flow - 975 Total 2,584,104 9,983,110 Total other payables - related parties - current (2,584,104 ) (182,000 ) Total other payables - related parties - non-current $ - $ 9,801,110 (1) Converted approximately $1.6 million into shares of the Company’s ordinary shares concurrently with the closing of the Company’s initial public offering of its ordinary shares on July 1, 2015 (the “IPO”), at the initial public price per share of $6.25 (the “IPO Price”). (2) Fully converted into shares of the Company’s ordinary shares concurrently with the closing of the IPO at the IPO Price. Non-cash transactions-related parties For the year ended June 30, 2015, Henan Juhe Industrial Co., Ltd. (“Juhe Industrial”) deposited $912,240 that it owed Yulong Transport into a bank account of the Company’s founder, which was offset against amount owed by the Company to him. The effect of such related party non-cash transactions on cash flow are as follows: Other receivables-related party movement: Name of related parties June 30, Repayments from related parties Non-cash items (1) Effective of exchange rate June 30, Liping Zhai 3,148 (3,155 ) - 7 - Juhe Industrial 933,460 (23,518 ) (912,240 ) 2,298 - Total $ 936,608 $ (26,673 ) $ (912,240 ) $ 2,305 $ - (1) See non-cash items in the accompanying consolidated statements of cash flows. There was no non-cash transaction between related parties for the year ended June 30, 2014.

Capital Lease Obligations

Capital Lease Obligations	12 Months Ended
	Jun. 30, 2015
Short-Term Loans and Capital Lease Obligations [Abstract]
Capital lease obligations	Note 12 – Capital lease obligations Capital lease obligations consisted of the following: June 30, June 30, Lease obligations for two special-order machines expired December 2014, lease payment at $33,067 per month with interest at 15.3% per annum. The Company used deposit of $32,740 as part of the last payment and paid off the remaining balance in April 2015. $ - $ 636,562 Lease obligations for ten waste hauling trucks expired May 2015, lease payment at $26,331 per month with interest at 18.2% per annum. In May 2015, lessor verbally agreed to extend due date of unpaid balance to December 2015. 334,323 520,119 Lease obligations for ten waste hauling trucks expired June 2015, lease payment at $32,032 and $16,481 per month from July 2013 to June 2014 and from July 2014 to June 2015, respectively, with interest at 16.8% per annum. In June 2015, lessor verbally agreed to extend due date of unpaid balance to December 2015. 290,552 418,900 Lease obligations for a loading equipment expiring in November 2015, lease payment at $2,636 per month with interest at 8.5% per annum. 28,073 44,479 Lease obligations for a digging equipment expiring in May 2016, lease payment at $5,314 per month with interest at 8.8% per annum. 82,442 121,327 Lease obligations for thirty waste hauling trucks expiring in July 2016, lease payment at $89,061 per month with interest at 15.6% per annum. 1,673,890 - Lease obligation for a loading equipment expiring in April 2016, lease payment at $2,636 per month with interest at 8.3% per annum. 43,107 - Lease obligation for a loading equipment expiring April 2016, lease payment at $2,628 per month with interest at 8.3% per annum. 42,979 - Lease obligation for a digging equipment expiring in October 2016, lease payment at $7,673 per month with interest at 8.7% per annum. 156,228 - Lease obligation for a digging equipment expiring in October 2016, lease payment at $5,314 per month with interest at 8.7% per annum 108,204 - Lease obligation for a land use right which the Company expects to pay in full by June 30, 2016. 2,109,864 - Subtotal 4,869,662 1,741,387 Less: deferred interest (115,627 ) (62,534 ) Capital lease obligations, net 4,754,035 1,678,853 Less: capital lease obligations - current (4,615,083 ) (1,610,492 ) Capital lease obligations – non-current $ 138,952 $ 68,361 As of June 30, 2015 and 2014, the Company has accrued interest of $179,264 and $57,313, respectively, in connection with the capital lease obligations, and were classified in the Company’s consolidated balance sheets under the caption “Other payables and accrued liabilities”. Interest expenses on capital lease obligations for the years ended June 30, 2015 and 2014 amounted to $296,776 and $200,389, respectively. Future annual capital lease payments approximately consist of the following: Twelve months ending Amount 2016 $ 4,615,083 2017 138,952 Total $ 4,754,035

Taxes

Taxes	12 Months Ended
	Jun. 30, 2015
Taxes [Abstract]
Taxes	Note 13 – Taxes Income taxes Cayman Islands Yulong Eco-Materials is incorporated in the Cayman Islands and conducts all of its business through its PRC subsidiary and VIEs. Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gains. In addition, upon payments of dividends by these entities to their shareholders, no Cayman Islands withholding tax will be imposed. British Virgin Islands Yulong BVI is incorporated in the British Virgin Islands and conducts all of its businesses through its PRC subsidiary and VIEs. Under the current laws of the British Virgin Islands, Yulong BVI is not subject to tax on income or capital gains. In addition, upon payments of dividends by these entities to their shareholders, no British Virgin Islands withholding tax will be imposed. Hong Kong Yulong HK is incorporated in the British Virgin Islands and conducts all of its businesses through its PRC subsidiary and VIEs. Companies registered in Hong Kong are subject to Hong Kong Profits Tax on the taxable income as reported in their respective statutory financial statements adjusted in accordance with relevant Hong Kong tax laws. The applicable tax rate is 16.5% in Hong Kong. The Company did not make any provisions for Hong Kong profit tax as there were no assessable profits derived from or earned in Hong Kong since inception. Under Hong Kong tax law, Yulong HK is exempted from income tax on its foreign-derived income and there are no withholding taxes in Hong Kong on remittance of dividends. PRC Yulong WFOE and the VIEs are governed by the income tax laws of the PRC and the income tax provision in respect to operations in the PRC is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof. Under the Enterprise Income Tax Laws of the PRC (the “EIT Laws”), Chinese enterprises are subject to income tax at a rate of 25% after appropriate tax adjustments. Yulong Bricks utilizes recycled raw materials to produce bricks and is qualified for preferential income tax granted by the State Administration of Taxation: only 90% of revenue attributable to utilization of recycled materials counts for taxable revenue. Under the EIT Laws, dividends paid by PRC enterprises out of profits earned post-2007 to non-PRC tax resident investors are subject to PRC withholding tax of 10%. A lower withholding tax rate may be applied based on applicable tax treaty with certain countries. The EIT Laws also provide that enterprises established under the laws of foreign countries or regions and whose “place of effective management” is located within the PRC are considered PRC tax resident enterprises and subject to PRC income tax at the rate of 25% on worldwide income. The definition of “place of effective management” refers to an establishment that exercises, in substance, overall management and control over the production and business, personnel, accounting, properties, and other aspects of an enterprise. No detailed interpretation or guidance has been issued to define “place of effective management”. Furthermore, the administrative practice associated with interpreting and applying the concept of “place of effective management” is unclear. If the Company is deemed as a PRC tax resident, it would be subject to PRC tax under the EIT Law. The Company has analyzed the applicability of this law, and for each of the periods presented, the Company has not accrued for PRC tax on such basis. The Company will continue to monitor changes in the interpretation and/or guidance of this law. Provision (benefit) for income taxes is comprised of the following: For the years ended 2015 2014 Current $ 3,226,780 $ 3,334,040 Deferred (328,761 ) (74,893 ) Total provision for income taxes $ 2,898,019 $ 3,259,147 The following table reconciles the statutory rates in China to the Company’s effective tax rate for the years ended June 30, 2015 and 2014: June 30, June 30, China income tax rate 25.0 % 25.0 % Effect of allowance for temporary differences (2.9 %) 0.0 % Effect of permanent differences 2.9 % (1.6 %) Effective income tax rates 25.0 % 23.4 % Deferred taxes Significant components of deferred tax assets and liabilities were as follows: June 30, June 30, Deferred tax assets Non-current Startup cost 218,861 90,297 Plant and equipment 351,583 141,643 Intangible assets (50,297 ) (43,559 ) Net operating loss carryforward in China 48,519 48,163 Total non-current deferred tax assets 568,666 236,544 Valuation allowance (48,519 ) (48,163 ) Total non-current deferred tax assets, net 520,147 188,381 Total deferred tax assets $ 520,147 $ 188,381 Uncertain tax positions Aggregate undistributed earnings of Yulong WFOE and the VIEs that are available for distribution to the Company are approximately $23.1 million as of June 30, 2015. Such undistributed earnings are considered to be indefinitely reinvested, because the Company does not have any present plan to pay any cash dividends on its ordinary shares in the foreseeable future and intends to retain most of its available funds and any future earnings for use in the operation and expansion of its business. Accordingly, no deferred tax liability has been accrued for the Chinese dividend withholding taxes that would be payable upon the distribution of those amounts to the Company as of June 30, 2015. In addition, a deferred tax liability should be recorded for taxable temporary differences attributable to the excess of financial reporting amounts over tax basis amount in the PRC subsidiary. However, recognition is not required in situations where the tax law provides a means by which the reported amount of that investment can be recovered tax-free and the enterprise expects that it will ultimately use that means. The Company has not recorded any such deferred tax liability attributable to the undistributed earnings of its financial interest in the VIEs because it believes such excess earnings can be distributed in a manner that would not be subject to income tax. There were no unrecognized tax benefits as of June 30, 2015 and 2014. Management does not anticipate any potential future adjustments in the next twelve months which would result in a material change to its tax positions. For the years ended June 30, 2015 and 2014, the Company did not incur any interest and penalties. Value added tax Enterprises or individuals who sell commodities, engage in repair and maintenance or import and export goods in the PRC are subject to a value added tax in accordance with PRC laws. The value added tax (“VAT”) standard rates range from 13% to 17% of the gross sales price. A credit is available whereby VAT paid on the purchases of semi-finished products or raw materials used in the production of the Company’s finished products can be used to offset the VAT due on sales of the finished product. Yulong Bricks’ products qualify for “specified building materials” under the PRC law of [2008] No. 156 and is therefore eligible for VAT tax exemption. Yulong Concrete’s products are mainly produced with cement and are eligible for a VAT at the rate of 6% of the gross sale prices under the PRC law of [2009] No. 9. Yulong Concrete’s VAT rate decreased to 3% starting in November 2014. Taxes payable Taxes payable consisted of the following: June 30, June 30, Income taxes payable $ 983,767 $ 949,568 VAT taxes payable 102,077 146,472 Other taxes payable 12,249 17,577 Total $ 1,098,093 $ 1,113,617

Equity

Equity	12 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Equity	Note 14 – Equity Restricted net assets The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by Yulong WFOE and the VIEs only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of Yulong WFOE and the VIEs. Each of Yulong WFOE and the VIEs is required to set aside at least 10% of its after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of its registered capital. In addition, Yulong WFOE may allocate a portion of its after-tax profits based on PRC accounting standards to enterprise expansion fund and staff bonus and welfare fund at its discretion. Each of the VIEs may allocate a portion of its after-tax profits based on PRC accounting standards to a discretionary surplus fund at its discretion. The statutory reserve funds and the discretionary funds are not distributable as cash dividends. Remittance of dividends by a wholly foreign-owned company out of China is subject to examination by the banks designated by SAFE. As of June 30, 2015 and 2014, Yulong WFOE and the VIEs collectively appropriated $3,922,228 and $3,771,665 of retained earnings for their statutory reserves, respectively. As a result of the foregoing restrictions, Yulong WFOE and the VIEs are restricted in their ability to transfer their net assets to the Company. Foreign exchange and other regulation in the PRC may further restrict Yulong WFOE and the VIEs from transferring funds to the Company in the form of dividends, loans and advances. As of June 30, 2015 and 2014, amounts restricted are the net assets of Yulong WFOE and the VIEs, which amounted to $47,875,838 and $37,762,853, respectively. Dividends distribution For the year ended June 30, 2013, Yulong Bricks and Yulong Concrete declared dividends totaling $23,105,193, and concurrently transferred the right to such dividends to their shareholders as authorized by Yulong WFOE pursuant to the Contractual Arrangements. In the future, Yulong WFOE does not intend to authorize any Yulong operating company to declare or distribute dividends to its shareholders. On December 31, 2014, Yulong Bricks and Yulong Concrete entered into agreements with their shareholders pursuant to which the shareholders agreed not to require payment of the declared dividends before December 31, 2016, but may require payment upon demand commencing December 31, 2016. Stock split On February 27, 2015, the Company’s board of directors approved a 4-for-5 reverse stock split of its ordinary shares. The reverse stock split was effected on March 3, 2015, pursuant to approval of the Company’s shareholders on such date. All share and per share amounts used herein and in the accompanying consolidated financial statements have been retroactively restated to reflect the reverse stock split. Conversion in related party indebtedness On February 27, 2015, five shareholders of the Yulong operating companies, including the Company’s founder, agreed to convert the RMB equivalent of $9,892,692 due to them in the aggregate from the Yulong operating companies into the Company’s ordinary shares concurrently with the closing of the IPO at the IPO Price. Dividends payable consisted of the following: Name of shareholders June 30, June 30, Yulong Zhu $ 3,462,665 $ 3,437,283 Hu Zhu 2,212,315 2,196,098 Guangjian Zhu 1,773,900 1,760,896 Yingtao Miao 545,245 541,248 Total dividends payable $ 7,994,125 $ 7,935,525

Earnings Per Share

Earnings Per Share	12 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings per share	Note 15 — Earnings per share The basic and diluted earnings per share are as follows: For the year ended For the year ended Net income $ 8,679,571 $ 10,692,174 Weighted average shares outstanding - Basic and Diluted 8,000,000 8,000,000 Earnings per share - Basic and Diluted $ 1.08 $ 1.34 There were no potentially dilutive securities outstanding for the years ended June 30, 2015 and 2014.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2015
Commitments and Contingencies [Abstract]
Commitments and contingencies	Note 16 – Commitments and contingencies Contingencies From time to time, the Company is subject to certain legal proceedings, claims and disputes that arise in the ordinary course of business. Although the Company cannot predict the outcomes of these legal proceedings, the Company does not believe these actions, in the aggregate, will have a material adverse impact on our financial position, results of operations or liquidity. The Company is currently not a party to any material legal proceedings. Guarantees As of June 30, 2015, the Company guaranteed approximately $2.1 million in bank loans of unrelated third-parties as follows: Name of parties being guaranteed Guaranteed amount Guarantee expiration date Pingdingshan Yushi Automobile Accessory Sales Co., Ltd $ 1,309,600 February 9, 2016 Pingdingshan Tiangangxing Material Co., Ltd (1) 818,500 August 5, 2015 Total $ 2,128,100 (1) The Company did not renew its guarantee after it expired on August 5, 2015. The Company did not, however, accrue any liability in connection with such guarantees because the borrowers have been current in their repayment obligations and the Company has not experienced any losses from providing such guarantees. The Company has evaluated the guarantees and has concluded that the likelihood of it having to make payments under the guarantees is remote and that the fair value of the stand-ready obligation under these commitments is not material. Variable interest entity structure In the opinion of management, (i) the corporate structure of the Company is in compliance with existing PRC laws and regulations; (ii) the Contractual Arrangements are valid and binding, and do not result in any violation of PRC laws or regulations currently in effect; and (iii) the business operations of Yulong WFOE and the VIEs are in compliance with existing PRC laws and regulations in all material respects. However, there are substantial uncertainties regarding the interpretation and application of current and future PRC laws and regulations. Accordingly, the Company cannot be assured that PRC regulatory authorities will not ultimately take a contrary view to the foregoing opinion of its management. If the current corporate structure of the Company or the Contractual Arrangements is found to be in violation of any existing or future PRC laws and regulations, the Company may be required to restructure its corporate structure and operations in the PRC to comply with changing and new PRC laws and regulations. In the opinion of management, the likelihood of loss in respect of the Company’s current corporate structure or the Contractual Arrangements is remote based on current facts and circumstances.

Segments

Segments	12 Months Ended
	Jun. 30, 2015
Segments [Abstract]
Segments	Note 17 – Segments The Company follows ASC 280 – Segment Reporting, which requires that companies disclose segment data based on how management makes decision about allocating resources to segments and evaluating their performance. The Company’s chief operating decision maker evaluates performance and determines resource allocations based on a number of factors, the primary measure being income from operations of the Yulong operating companies. The Company’s operations currently include three business segments encompassing three different divisions. Such reportable divisions are consistent with the way the Company manages its business, with each division operating under separate management and producing discrete financial information. The accounting principles applied at the operating division level in determining income from operations is generally the same as those applied at the consolidated financial statement level. The operation and products of the three divisions are as follow: 1. Yulong Bricks: production and sales of fly-ash bricks; 2. Yulong Concrete and Yulong Transport: production and sales of ready-mixed concrete; and 3. Yulong Renewable: hauling and processing of construction waste, and production and sales of recycled aggregates and recycled bricks. The following represents results of divisional operations for the following years ended June 30: Revenues: 2015 2014 Yulong Bricks $ 15,586,654 $ 14,956,906 Yulong Concrete and Yulong Transport 29,967,622 29,499,530 Yulong Renewable 676,108 - Consolidated revenues $ 46,230,384 $ 44,456,436 Gross profit: 2015 2014 Yulong Bricks $ 9,446,895 $ 9,183,373 Yulong Concrete and Yulong Transport 7,084,582 7,769,602 Yulong Renewable 335,922 - Consolidated gross profit $ 16,867,399 $ 16,952,975 Income (loss) from operations: 2015 2014 Yulong Bricks $ 9,112,875 $ 9,133,974 Yulong Concrete and Yulong Transport 6,042,286 6,964,743 Yulong Renewable (1,190,220 ) (482,275 ) Subtotal 13,964,941 15,616,442 Yulong Eco-Materials (1,106,489 ) (399,974 ) Consolidated income from operations $ 12,858,452 $ 15,216,468 Net income (loss): 2015 2014 Yulong Bricks $ 6,872,096 $ 6,840,465 Yulong Concrete and Yulong Transport 4,159,835 4,838,486 Yulong Renewable (1,245,871 ) (586,743 ) Subtotal 9,786,060 11,092,208 Yulong Eco-Materials (1,106,489 ) (400,034 ) Consolidated net income $ 8,679,571 $ 10,692,174 Depreciation and amortization: 2015 2014 Yulong Bricks $ 535,938 $ 534,563 Yulong Concrete and Yulong Transport 374,776 511,532 Yulong Renewable 841,937 342,314 Consolidated depreciation and amortization $ 1,752,651 $ 1,388,409 Interest expenses: 2015 2014 Yulong Bricks $ 513,819 $ 507,425 Yulong Concrete and Yulong Transport 486,507 475,385 Yulong Renewable 296,776 200,770 Consolidated interest expenses $ 1,297,102 $ 1,183,580 Capital expenditures: 2015 2014 Yulong Bricks $ 168,677 $ 37,955 Yulong Concrete and Yulong Transport 40,275 7,293 Yulong Renewable 1,816,214 905,248 Consolidated capital expenditures $ 2,025,166 $ 950,496 The following represents assets of division as of June 30, 2015 and 2014: Total Assets as of: June 30, June 30, Yulong Bricks $ 37,840,558 $ 31,876,516 Yulong Concrete and Yulong Transport 26,391,895 28,221,679 Yulong Renewable 40,638,270 32,732,574 Interdivision assets (27,565,591 ) (23,395,738 ) Yulong Eco-Materials 293,333 120,299 Total Assets $ 77,598,465 $ 69,555,330

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent events	Note 18 – Subsequent events Initial Public Offering On July 1, 2015, the Company completed the initial public offering of 2,250,000 shares of its ordinary shares for gross proceeds of $14,062,500 (the “IPO”), and less costs of approximately $3,156,000, for net proceeds of approximately $10,900,000. In connection with the IPO, the Company: · granted an option to the underwriters to purchase up to 337,500 shares of ordinary shares, to cover over-allotments; · granted warrants to purchase up to 112,500 shares of ordinary shares in the aggregate, or 5% of the ordinary shares sold in the IPO, to the representative of its underwriters and an independent financial adviser for the IPO; · granted 26,400 shares of ordinary shares in the aggregate to its CFO and two non-executive board members; and · converted $9,959,613 in indebtedness to five shareholders, including its founder, into 1,593,538 shares of ordinary shares. On a pro forma as adjusted basis, selected financial information of the consolidated financial statements are as follows – Selected Consolidated As of Offering Warrant Liabilities Stock Based Compensation Debt Conversion Pro Forma as Adjusted Cash $ 16,470,299 $ 10,906,156 $ - $ - $ - $ 27,376,455 Total current assets $ 26,841,239 $ 11,510,156 $ - $ 40,000 $ - $ 38,391,395 Total assets $ 77,598,465 $ 11,510,156 $ - $ 40,000 $ - $ 89,148,621 Total current liabilities $ 30,807,152 $ - $ 475,380 $ - $ (9,959,612 ) $ 21,322,920 Total liabilities $ 30,946,104 $ - $ 475,380 $ - $ (9,959,612 ) $ 21,461,872 Total shareholder's equity $ 46,652,361 $ 11,510,156 $ (475,380 ) $ 40,000 $ 9,959,612 $ 67,686,749 Selected Consolidated Statements of For the Years Ended June 30, Pro Forma Pro Forma 2015 Adjustment as Adjusted Revenues Bricks $ 15,586,654 $ - $ 15,586,654 Concrete 29,967,622 - 29,967,622 Recycling 676,108 - 676,108 Total revenues 46,230,384 - 46,230,384 Cost of revenues Bricks 6,139,759 - 6,139,759 Concrete 22,883,040 - 22,883,040 Recycling 340,186 - 340,186 Total cost of revenues 29,362,985 - 29,362,985 Gross profit 16,867,399 - 16,867,399 Operating expenses: Selling 634,390 - 634,390 General and administrative 3,374,557 125,000 3,499,557 Total operating expenses 4,008,947 125,000 4,133,947 Income from operations 12,858,452 (125,000 ) 12,733,452 Other expenses (1,280,862 ) - (1,280,862 ) Income before income tax 11,577,590 (125,000 ) 11,452,590 Provision for income tax 2,898,019 - 2,898,019 Net income 8,679,571 (125,000 ) 8,554,571 Other comprehensive income Foreign currency translation adjustment 326,188 - 326,188 Comprehensive income $ 9,005,759 $ (125,000 ) $ 8,880,759 Weighted average number of common shares Basic and diluted 8,000,000 3,869,938 * 11,869,938 Earnings per share Basic and diluted $ 1.08 $ 0.72 *On July 1, 2015, the Company had an option and warrants exercisable into 450,000 shares of the Company's ordinary shares in aggregate. Such instruments were excluded from the pro forma diluted earnings per share calculation due to the anti-dilution feature on July 1, 2015. Purchase of Mobile Recycling Stations In July 2015, the Company entered into four purchase agreements to acquire four mobile recycling stations for approximately $6.0 million (RMB 36,400,000), and will finance these purchases through capital lease obligations.

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with the generally accepted accounting principles in the United States of America (“U.S. GAAP”).
Principles of consolidation	Principles of consolidation The consolidated financial statements include the accounts of the Company, its subsidiaries, and the VIEs. All intercompany transactions and balances between the Company, its subsidiaries and the VIEs are eliminated upon consolidation.
Use of estimates and assumptions	Use of estimates and assumptions The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements and footnotes. Significant accounting estimates reflected in the Company’s consolidated financial statements include the useful lives and impairment of property, plant and equipment, collectability of receivables, realization of deferred tax assets, inventory valuation, and the present value of the net minimum lease payments of the capital lease. Actual results could differ from these estimates.
Foreign currency translation	Foreign currency translation The reporting currency of the Company is the U.S. dollar. The Company’s Chinese subsidiary and the VIEs use the local currency, Renminbi (RMB), as their functional currency as determined based on the criteria of ASC 830, “Foreign Currency Translation”. Assets and liabilities are translated at the unified exchange rate as quoted by the People’s Bank of China (the “PBOC”) at the end of the period. Income and expense accounts are translated at the average translation rates and the equity accounts are translated at historical rates. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statement of equity. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Translation adjustments included in accumulated other comprehensive income amounted to $2,506,840 and $2,180,652 as of June 30, 2015 and 2014, respectively. The balance sheet amounts, with the exception of equity, at June 30, 2015 and 2014 were translated at 6.11 RMB and 6.15 RMB to $1.00, respectively. The equity accounts were stated at their historical rate. The average translation rate applied to statement of income and other comprehensive income accounts for the years ended June 30, 2015 and 2014 was 6.14 RMB. Cash flows are also translated at the average translation rate for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheet.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents consist of cash on hand, demand deposits and time deposits placed with banks or other financial institutions which are unrestricted as to withdrawal and use and have original maturities of less than three months.
Accounts and other receivables, net	Accounts and other receivables, net During the normal course of business, the Company extends unsecured credit to its customers and others, as further discussed in Note 5. Management reviews its accounts receivable balances each reporting period to determine if an allowance for doubtful accounts is required. Customer accounts are considered past due over 90 days. An estimate for doubtful accounts is recorded when collection of the full amount is no longer probable. Bad debts are written off against the allowance after all collection efforts have ceased. The Company determined that no allowance is necessary at the balance sheet dates based on historical experience.
Inventories	Inventories Inventories consist of raw materials and finished goods and are stated at the lower of cost or market, as determined using the weighted average cost method. Management compares the cost of inventories with the market value and an allowance is made for writing down the inventory to its market value, if lower than cost. On an ongoing basis, inventories are reviewed for potential write-down for estimated obsolescence or unmarketable inventories equal to the difference between the costs of inventories and the estimated net realizable value based upon forecasts for future demand and market conditions. When inventories are written-down to the lower of cost or market, it is not marked up subsequently based on changes in underlying facts and circumstances. As of June 30, 2015 and 2014, the Company determined that no reserves for obsolescence were necessary.
Advances to suppliers	Advances to suppliers The Company advances money to certain suppliers for raw material purchases. Such advances are interest-free and unsecured. Management regularly reviews the aging of such advances as well as delivery trends of purchased materials, and records an allowance when it believes that delivery of materials due is at risk. Advances aged over one year and considered uncollectible are written off after exhaustive efforts at collection. No allowance for doubtful accounts was considered necessary at the balance sheet dates.
Plant and equipment	Plant and equipment Plant and equipment are stated at cost. Depreciation is provided over the estimated useful life of each class of depreciable assets and is computed using the straight-line method over the useful lives of the assets are as follows: Useful Life Buildings and improvements 10-30 years Machinery and equipment 5-10 years Transportation equipment 5-10 years Office equipment 3-5 years The Company accounts for all significant leases as either operating or capital. At lease inception, if the lease meets any of the following four criteria, the Company will classify it as a capital lease; otherwise it will be treated as an operating lease: (a) transfer of ownership to lessee at the end of the lease term, (b) bargain purchase option, (c) lease term is equal to 75% or more of the estimated economic life of the leased property, or (d) the present value of the minimum lease payments is 90% or more of the fair value of the leased asset. The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the consolidated statements of income and comprehensive income. Construction-in-progress represents labor costs, materials, and capitalized interest incurred in connection with the construction. Interest incurred during construction is capitalized into construction in progress. All other interest is expensed as incurred. No depreciation is provided for construction in progress until it is completed and placed into service. Expenditures for maintenance and repairs are charged to earnings as incurred while additions, renewals and betterments are capitalized.
Prepayments	Prepayments Prepayments represent advances made to certain suppliers for equipment purchases or advance made to contractors in connection with the Company’s construction-in-progress. Prepayments also include advances made to a village committee in connection with acquiring land use rights. Management regularly reviews aging of prepayments and records an allowance when management believes collection of equipment, land use rights, or services to be performed due are at risk. Advances aged over one year and considered uncollectible are written off after exhaustive efforts at collection. No allowance for doubtful accounts is considered necessary at the balance sheet dates.
Intangible assets	Intangible assets Intangible assets are carried at cost less accumulated amortization. The Company accounts for all significant leases of land use rights for purposes of classification as either operating or capital. At lease inception, if the lease meets either of the following two criteria, the Company will classify it as a capital lease: (a) transfer of ownership to lessee at the end of the lease term, or (b) bargain purchase option. Otherwise, the lease will be treated as an operating lease. Intangible assets with finite useful lives are amortized using a straight-line method of amortization that reflects the estimated pattern in which the economic benefits of the intangible asset are to be consumed. The original estimated useful life for the land use rights of each entity is as follows: Entity Description of assets Estimated useful life Yulong Bricks Land use right 50 Yulong Concrete Land use right 50 Yulong Renewable Land use right 50 Intangible assets are reviewed at least annually, more often when circumstances require, to determine whether their carrying values have become impaired. The Company considers an asset to be impaired if its carrying value exceeds the future projected cash flows from related operations. The Company also re-evaluates the periods of amortization to determine whether subsequent events and circumstances warrant revised estimates of useful lives.
Impairment for long-lived assets	Impairment for long-lived assets Long-lived assets, including buildings and improvements, equipment and intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based on the undiscounted future cash flows the assets are expected to generate and recognize an impairment loss when estimated discounted future cash flows expected to result from the use of the asset plus net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. When the Company identifies an impairment, the Company reduce the carrying amount of the asset to its estimated fair value based on a discounted cash flows approach or, when available and appropriate, to comparable market values. As of June 30, 2015 and 2014, management believes there was no impairment.
Fair Values of Financial Instruments	Fair Values of Financial Instruments ASC Topic 825, Financial Instruments (“Topic 825”) requires disclosure of fair value information of financial instruments, whether or not recognized in the balance sheets, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. Topic 825 excludes certain financial instruments and all non-financial assets and liabilities from its disclosure requirements. Accordingly, the aggregate fair value amounts do not represent the underlying value of the Company. The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3 inputs to the valuation methodology are unobservable and significant to the fair value. The Company considers the carrying amount of cash, accounts receivable, other receivables, accounts payable, notes payable and other short-term payables, to approximate their fair values because of the short period of time between the origination of such instruments and their expected realization. The Company determined that the carrying value of the noncurrent capital lease obligations approximated their fair value using level 2 inputs by comparing the stated loan interest rate to the rate charged by the PBOC on similar loans.
Revenue recognition	Revenue recognition The Company recognizes revenue in accordance with ASC 605, Revenue Recognition The Company sells concrete and bricks primarily to major local real estate development and/or construction companies. Sales agreements are signed with each customer. Each agreement has specific terms and conditions with the exception of delivery date and quantity, which are provided when the customer issues an order pursuant to the agreement. The Company does not sell products to customers on consignment basis. There is no right of return after products are delivered and accepted by the customer. Revenue represents the invoiced value of goods, net of a value added tax (“VAT”). Recycling revenues includes sales of recycled aggregates and recycled bricks. Sales agreements are signed with each customer. Revenue is recognized similar to sales of concrete and bricks. Recycling revenue also include hauling services of construction waste. The Company operates a fleet of trucks to haul construction waste, consisting primarily of bricks and concrete, from construction and demolition sites. Revenue is recognized upon completion of hauling from the construction and demolition sites per truckloads. The Company also provides transportation services for its concrete customers. Revenue is recognized upon delivery of the concrete. Transportation services revenue is immaterial to the Company’s consolidated revenues for the periods presented in the accompanying financial statements.
Shipping and handling	Shipping and handling Shipping and handling costs pertaining to raw material purchases are included in cost of revenue. Shipping costs incurred in the delivery of products and depreciation expenses for transportation equipment (under Yulong Transport) are included in selling expense. Shipping costs amounted to $316,256 and $432,328 for the years ended June 30, 2015 and 2014, respectively. Depreciation expense amounted to $188,662 and $320,218 for the years ended June 30, 2015 and 2014, respectively.
Concentration of risk	Concentration of risk Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. As of June 30, 2015 and 2014, $16,393,414 and $19,526,224 were deposited with various major financial institutions located in the PRC, respectively. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness. Historically, deposits in Chinese banks are secure due to state policy to protect depositor interests. However, China promulgated a Bankruptcy Law in August 2006 that came into effect on June 1, 2007, which contains a separate article expressly stating that the State Council may promulgate implementation measures to provide for the bankruptcy of Chinese banks based on the Bankruptcy Law. Under the current Bankruptcy Law, a Chinese bank may file bankruptcy if it deems itself to be insolvent. In addition, since China’s concession to the World Trade Organization, foreign banks have been gradually permitted to operate in China and have intensified competition in many aspects, especially since the opening of the Renminbi business to foreign banks in late 2006. Therefore, the risk of bankruptcy at the institutions that the Company maintains deposits has increased. In the event of bankruptcy, the Company is unlikely to reclaim its deposits in full since it is unlikely to be classified as a secured creditor under PRC laws. Accounts receivable are typically unsecured and derived from revenue earned from customers, thereby exposed to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring of outstanding balances. The Company maintains reserves for estimated credit losses, and such losses have generally been within expectations. Customer and vendor concentration risk For the years ended June 30, 2015 and 2014, no customer accounted for more than 10% of the Company's total revenues. As of June 30, 2015, two customers accounted for 12% and 11% of the Company’s total accounts receivable, respectively. As of June 30, 2014, one customer accounted for 14% of the Company's total accounts receivable. For the year ended June 30, 2015, four major suppliers accounted for 19%, 19%, 14% and 13% of the Company’s total purchases. For the year ended June 30, 2014, four major suppliers accounted for 17%, 15%, 13% and 12% of the Company's total purchases. As of June 30, 2015, three suppliers accounted for 32%, 23% and 18% of the Company’s accounts payable balances. As of June 30, 2014, three suppliers accounted for 31%, 21% and 15% of the Company’s accounts payable balances.
Income taxes	Income taxes The Company accounts for income taxes using the liability method. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company records a valuation allowance against deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. The Company applies ASC 740, Accounting for Income Taxes As of June 30, 2015, Yulong WFOE and the VIEs have each filed income tax returns in China for the years ended December 31, 2010 to 2014. All such tax returns are subject to examination by the Chinese taxing authorities.
Earnings per share	Earnings per share Earnings per share are calculated in accordance with ASC 260-10, Earnings per Share
Comprehensive income	Comprehensive income Comprehensive income is defined to include all changes in shareholders’ equity except those resulting from investments by owners and distributions to owners. Among other disclosures, ASC 220-10, Comprehensive Income
Employee benefit	Employee benefit The full-time employees of Yulong WFOE and the VIEs are entitled to staff welfare benefits including medical care, housing fund, pension benefits and unemployment insurance, which are government mandated defined contribution plans. The Company is required to accrue for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash contributions to the state-sponsored plans out of the amounts accrued. Total expense for the plans was $118,410 and $109,502 for the years ended June 30, 2015 and 2014, respectively.
Recently issued accounting pronouncements	Recently issued accounting pronouncements In August 2014, FASB issued ASU No. 2014-15, Preparation of Financial Statements - Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In November 2014, FASB issued ASU No. 2014-17, Business Combinations (Topic 805): Pushdown Accounting (a consensus of the FASB Emerging Issues Task Force In January 2015, FASB issued ASU No. 2015-01, Income Statement—Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items . FASB is issuing this Update as part of its initiative to reduce complexity in accounting standards (the Simplification Initiative). The objective of the Simplification Initiative is to identify, evaluate, and improve areas of generally accepted accounting principles (GAAP) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to the users of financial statements. This Update eliminates from GAAP the concept of extraordinary items. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments prospectively. A reporting entity also may apply the amendments retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The effective date is the same for both public business entities and all other entities. The Company does not expect the adoption of ASU 2015-01 to have material impact on the Company’s consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, Amendments to the Consolidation Analysis. Under both current GAAP requirements and the amendments in this update, a decision maker is determined to be the primary beneficiary of a VIE if it satisfies both the power and the economics criteria. The primary beneficiary consolidates a VIE because it has a controlling financial interest. Under the requirements in current GAAP, if a fee arrangement paid to a decision maker, such as an asset management fee, is determined to be a variable interest in a VIE, the decision maker must include the fee arrangement in its primary beneficiary determination and could consolidate the VIE on the basis of power (decision-making authority) and economics (the fee arrangement). However, the amendments in this Update specify that some fees paid to a decision maker are excluded from the evaluation of the economics criterion if the fees are both customary and commensurate with the level of effort required for the services provided. Those amendments make it less likely for a decision maker to meet the economics criterion solely on the basis of a fee arrangement. The amendments in this update are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of ASU 2015-02 to have a material impact on the Company’s consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, an amendment to Topic 330 for simplifying the measurement of inventory. The update requires that inventory be measured at the lower of cost and net realizable value where net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendment is intended to provide clarification on the measurement and disclosure of inventory in Topic 330 and not intended for those clarifications to result in any changes in practice. The ASU is effective for interim and annual periods beginning after December 15, 2016. Early application is permitted for all entities and should be applied prospectively. The Company does not expect the adoption of ASU 2015-11 to have material impact on the Company’s consolidated financial statements.

Nature of Business and Organi26

Nature of Business and Organization (Tables)	12 Months Ended
	Jun. 30, 2015
Nature of business and organization [Abstract]
Consolidated financial statements reflect the activities of Yulong Eco-Materials	Name Background Ownership Yulong BVI ● A British Virgin Islands company 100% ● Incorporated on June 15, 2011 Yulong HK ● A Hong Kong company 100% ● Incorporated on July 21, 2011 Yulong WFOE ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) 100% ● Incorporated on September 2, 2011 ● Registered capital of $100,000 fully funded Yulong Bricks ● A PRC limited liability company VIE by contractual ● Incorporated on September 20, 2006 arrangements ● Registered capital of $4,395,000 (RMB 30,000,000) fully funded ● Production and sales of fly-ash bricks Yulong Concrete ● A PRC limited liability company VIE by contractual ● Incorporated on December 7, 2004 arrangements ● Registered capital of $2,830,000 (RMB 20,000,000) fully funded ● Production and sales of ready-mixed concrete Yulong Transport ● A PRC limited liability company VIE by contractual ● Incorporated on July 13, 2009 arrangements ● Registered capital of $1,465,464 (RMB 10,010,000) fully funded ● Provide ready-mixed concrete transportation services Yulong Renewable ● A PRC limited liability company VIE by contractual ● Incorporated on August 16, 2011 arrangements ● Registered capital of $9,510,000 (RMB 60,000,000) fully funded ● Hauling of construction waste; production and sales of recycled aggregates and recycled bricks ● Commenced operation in April 2015

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Schedule of estimated useful life of plant and equipment	Useful Life Buildings and improvements 10-30 years Machinery and equipment 5-10 years Transportation equipment 5-10 years Office equipment 3-5 years
Schedule of estimated useful life of land use rights	Entity Description of assets Estimated useful life Yulong Bricks Land use right 50 Yulong Concrete Land use right 50 Yulong Renewable Land use right 50

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Jun. 30, 2015
Variable Interest Entities [Abstract]
VIEs' consolidated assets and liabilities	June 30, June 30, Current assets $ 26,547,906 $ 26,632,362 Plant and equipment, net 41,267,655 34,381,554 Other noncurrent assets 9,489,571 8,421,115 Total assets 77,305,132 69,435,031 Total liabilities 29,529,680 (31,771,827 ) Net assets $ 47,775,452 $ 37,663,204
Schedule of VIEs' consolidated liabilities	June 30, June 30, Current liabilities: Short term loan - banks $ 7,972,190 $ 7,751,250 Accounts payable 1,726,158 1,820,585 Other payables and accrued liabilities 3,711,210 598,888 Other payables - related parties 2,273,869 182,000 Customer deposits - 402,499 Taxes payable 1,098,093 1,113,617 Capital lease obligations-current 4,615,083 1,610,492 Dividends payable 7,994,125 - Total current liabilities 29,390,728 13,479,331 Long term liabilities: Other payables - 487,500 Other payables - related parties - 9,801,110 Dividends payable - 7,935,525 Capital lease obligations-non-current 138,952 68,361 Total long term liabilities 138,952 18,292,496 Total liabilities $ 29,529,680 $ 31,771,827
Schedule of VIEs' operating results	Years ended 2015 2014 Revenue $ 46,230,384 $ 44,456,436 Gross profit $ 16,867,399 $ 16,952,975 Income from operations $ 13,964,941 $ 15,616,442 Net income $ 9,786,060 $ 11,092,208

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Schedule of accounts receivable, net	June 30, June 30, Accounts receivable $ 9,329,495 $ 5,181,394 Less: allowance for doubtful accounts - - Total accounts receivable, net $ 9,329,495 $ 5,181,394
Schedule of movement of allowance for doubtful accounts	June 30, June 30, Beginning balance $ - $ 126,196 Charge to expense (benefit) - (126,742 ) Exchange rate effect - 546 Ending balance $ - $ -

Other Receivables (Tables)

Other Receivables (Tables)	12 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Schedule of other receivables	June 30, June 30, Deposits for equipment purchase $ 126,856 $ 136,130 Deposit for outsourcing agreement (1) 147,330 146,250 Deposit for new project (2) 8,185 - Advances to employees 3,782 67,740 Total $ 286,153 $ 350,120 (1) In December 2011, Yulong Bricks agreed to outsource some brick production to Pingdingshan Hongrui New Construction Materials Co., Ltd., an unrelated party, and paid approximately $147,330 (RMB 900,000) as security deposit, which deposit is due on demand. (2) In April 2015, Yulong Renewable paid $8,185 (RMB 50, 000) as security deposit in order to bid on a new project.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jun. 30, 2015
Inventories [Abstract]
Schedule of inventories	June 30, June 30, Raw materials $ 267,560 $ 273,583 Semi-finished byproduct 6,196 - Finished goods 90,498 148,415 Total inventories $ 364,254 $ 421,998

Plant and Equipment, Net (Table

Plant and Equipment, Net (Tables)	12 Months Ended
	Jun. 30, 2015
Plant and Equipment, Net [Abstract]
Schedule of Plant and equipment	June 30, June 30, Building and improvements $ 17,959,588 $ 8,235,612 Machinery and equipment 7,861,193 4,410,162 Machinery and equipment under capital lease 1,883,535 1,406,278 Transportation equipment 938,202 754,632 Transportation equipment under capital lease 2,923,262 1,095,645 Office equipment 107,128 66,080 Construction-in-progress 16,889,716 23,961,342 Subtotal 48,562,624 39,929,751 Less: accumulated depreciation (7,294,969 ) (5,548,197 ) Total $ 41,267,655 $ 34,381,554
Schedule of Construction-in-progress	Construction-in-progress description Value Estimated Estimated additional cost to complete Waste recycling plant, brick production plant, research and development center and office building (1) $ 16,881,987 December $ 13,237,231 Autoclave installation (2) $ 7,729 December $ 106,861 (1) As of June 30, 2015, approximately $3.6 million was included in prepayment (See Note 8), approximately $16.9 million was included in construction-in-progress, approximately $11.1 million was transferred to fixed assets, and approximately $13.2 million was not yet due. The Company may incur other costs in addition to what have been contracted for. (2) Approximately $74,000 in the aggregate for installation has been contracted for. As of June 30, 2015, approximately $16,000 was included in prepayment (See Note 8), approximately $8,000 was included in construction-in-progress, and approximately $107,000 was not yet due. The Company may incur other costs in addition to what have been contracted for.
Schedule of capital leased assets	June 30, June 30, Machinery and equipment $ 1,883,535 $ 1,406,278 Transportation equipment 2,923,262 1,095,645 Subtotal 4,806,797 2,501,923 Less: accumulated depreciation (1,036,884 ) (337,598 ) Total $ 3,769,913 $ 2,164,325

Prepayments (Tables)

Prepayments (Tables)	12 Months Ended
	Jun. 30, 2015
Prepayments [Abstract]
Schedule of prepayments	June 30, June 30, Prepayment for equipment purchase $ 21,281 $ 589,875 Prepayment for construction (a) 3,637,467 4,803,303 Prepayment for land use right - 378,503 Total non-current $ 3,658,748 $ 5,771,681 (a) Prepayments for construction are advances made in connection with the construction of Yulong Renewable’s waste recycling plant and brick production plant (see Note 7).

Intangibles, Net (Tables)

Intangibles, Net (Tables)	12 Months Ended
	Jun. 30, 2015
Intangibles, net [Abstract]
Summary of intangible assets	June 30, June 30, Land use rights under capital lease $ 5,267,495 $ 2,746,232 Less: accumulated amortization (354,119 ) (296,473 ) Total $ 4,913,376 $ 2,449,759
Schedule of estimated future amortization expenses	Year ending Estimated 2016 $ 104,962 2017 104,962 2018 104,962 2019 104,962 2020 104,962 Thereafter 4,388,566 Total $ 4,913,376

Short-Term Loans (Tables)

Short-Term Loans (Tables)	12 Months Ended
	Jun. 30, 2015
Short-Term Loans and Capital Lease Obligations [Abstract]
Schedule of Short-term loans	June 30, June 30, Loan from Pingdingshan Bank, matured in April 2014. Interest rate of 12.0% per annum. Guaranteed by Yulong Bricks. The Company fully repaid the loan on April 29, 2014, and entered into a new agreement to borrow $617,500, which was due in April 2015, with annual interest of 12%, and guaranteed by Yulong Bricks and a third party. The Company repaid $257,360 in April 2015 and obtained the Bank’s approval to extend the remaining $360,140 until April 2016. Interest rate is 11.5% per annum. Guaranteed by Yulong Bricks, the executive director of Yulong Bricks, a third party, the Company founder and his relatives. $ 360,140 $ 617,500 Loan from Pingdingshan Rural Credit Cooperative Union, originally matured in June 2014. Interest rate of 12.1% per annum. Guaranteed by the founder, his relative, Yulong Industry Company, a related party, and Yulong Bricks. Due date extended to June 2015, with interest rate of 12.1% annually. The Company repaid the loan in July 2015 with a new loan of the same amount which will be due in July 2016, with interest rate of 12.1% per annum. Guaranteed by Yulong Bricks, Yulong Renewable, the founder and a company that he owns. 2,373,650 2,356,250 Loan from Pingdingshan Bank, matured in August 2014. Interest rate of 10.8% per annum. Guaranteed by Yulong Transport and Yulong Concrete. This loan was fully repaid on August 11, 2014. - 812,500 Loan from Pingdingshan Bank, matured in January 2015. Interest rate of 10.8% per annum. Guaranteed by a third party. The Company repaid $75,850 in January 2015 and extended the remaining $736,650, which matured in July 2015, with interest rate of 10.8% per annum. The Company repaid the loan in August 2015 with a new loan of the same amount which matures in August 2016. Interest rate is 8.73% per annum. 736,650 812,500 Loan from Pingdingshan Bank, matured in March 2015. Interest rate of 10.8% per annum. Guaranteed by Yulong Concrete and Yulong Renewable. The Company has repaid the loan in full. - 731,250 Loan from Pingdingshan Rural Credit Cooperative Union, matured in May 2015. Interest rate of 12.1% per annum. Guaranteed by Yulong Bricks, Yulong Transport and three relatives of the founder. The Company repaid $59,600 in May and obtained approval from the Union to extend the remaining balance through May 2016, with interest rate of 12.1% per annum. Guaranteed by Yulong Bricks, Yulong Concrete and the founder. 736,650 796,250 Loan from Pingdingshan Rural Credit Cooperative Union, matured in December 2014. Interest rate of 12.6% per annum. Guaranteed by Yulong Transport, a third party, the founder and his relative. This loan was fully repaid in December 2014. - 1,625,000 Loan from Pingdingshan Bank, matured in August 2015. Interest rate of 10.8% per annum. Guaranteed by Yulong Concrete, Yulong Transport, Yulong Renewable, the executive director of Yulong Bricks, the founder and his relatives. 818,500 - Loan from Pingdingshan Rural Credit Cooperative Union, matures in December 2015. Interest rate of 12.6% per annum. Guaranteed by Yulong Transport, a third party, the founder and the executive director of Yulong Bricks. 1,637,000 - Loan from Pingdingshan Bank, matures in March 2016. Interest rate is 10.2% per annum. Guaranteed by Yulong Concrete, Yulong Renewable, the executive director of Yulong Bricks, the founder and his relative. 654,800 - Loan from China Construction Bank, matures in June 2016. Interest rate is 6.1% per annum. Guaranteed by Yulong Concrete and a third party. 654,800 - Total short-term loans - bank $ 7,972,190 $ 7,751,250

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Schedule of other receivables related parties	Name of related parties Relationship Nature of transactions June 30, 2015 June 30, 2014 Liping Zhai Relative of founder and member of management Employee advance for travel and business expenses $ - $ 3,148 Henan Juhe Industrial Co., Ltd. (1) Owned by founder Loan to founder's entity for funding business development activities - 933,460 Total $ - $ 936,608
Schedule of other payables related parties	Name of related parties Relationship Nature of transactions June 30, 2015 June 30, 2014 Yulong Zhu (1) Founder Loan from founder for operating cash flows $ 2,342,541 $ 9,418,968 Henan Yuliang Hotel Co., Ltd. Owned by founder Loan from founder's entity for operating cash flows 21,281 182,000 Lei Zhu (2) Relative of founder Loan from relative of founder for operating cash flow 220,282 381,167 Hu Zhu Relative of founder Loan from relative of founder for operating cash flow - 975 Total 2,584,104 9,983,110 Total other payables - related parties - current (2,584,104 ) (182,000 ) Total other payables - related parties - non-current $ - $ 9,801,110
Schedule of non cash transactions related parties	Name of related parties June 30, Repayments from related parties Non-cash items (1) Effective of exchange rate June 30, Liping Zhai 3,148 (3,155 ) - 7 - Juhe Industrial 933,460 (23,518 ) (912,240 ) 2,298 - Total $ 936,608 $ (26,673 ) $ (912,240 ) $ 2,305 $ -

Capital Lease Obligations (Tabl

Capital Lease Obligations (Tables)	12 Months Ended
	Jun. 30, 2015
Short-Term Loans and Capital Lease Obligations [Abstract]
Schedule of capital lease obligation assets	June 30, June 30, Lease obligations for two special-order machines expired December 2014, lease payment at $33,067 per month with interest at 15.3% per annum. The Company used deposit of $32,740 as part of the last payment and paid off the remaining balance in April 2015. $ - $ 636,562 Lease obligations for ten waste hauling trucks expired May 2015, lease payment at $26,331 per month with interest at 18.2% per annum. In May 2015, lessor verbally agreed to extend due date of unpaid balance to December 2015. 334,323 520,119 Lease obligations for ten waste hauling trucks expired June 2015, lease payment at $32,032 and $16,481 per month from July 2013 to June 2014 and from July 2014 to June 2015, respectively, with interest at 16.8% per annum. In June 2015, lessor verbally agreed to extend due date of unpaid balance to December 2015. 290,552 418,900 Lease obligations for a loading equipment expiring in November 2015, lease payment at $2,636 per month with interest at 8.5% per annum. 28,073 44,479 Lease obligations for a digging equipment expiring in May 2016, lease payment at $5,314 per month with interest at 8.8% per annum. 82,442 121,327 Lease obligations for thirty waste hauling trucks expiring in July 2016, lease payment at $89,061 per month with interest at 15.6% per annum. 1,673,890 - Lease obligation for a loading equipment expiring in April 2016, lease payment at $2,636 per month with interest at 8.3% per annum. 43,107 - Lease obligation for a loading equipment expiring April 2016, lease payment at $2,628 per month with interest at 8.3% per annum. 42,979 - Lease obligation for a digging equipment expiring in October 2016, lease payment at $7,673 per month with interest at 8.7% per annum. 156,228 - Lease obligation for a digging equipment expiring in October 2016, lease payment at $5,314 per month with interest at 8.7% per annum 108,204 - Lease obligation for a land use right which the Company expects to pay in full by June 30, 2016. 2,109,864 - Subtotal 4,869,662 1,741,387 Less: deferred interest (115,627 ) (62,534 ) Capital lease obligations, net 4,754,035 1,678,853 Less: capital lease obligations - current (4,615,083 ) (1,610,492 ) Capital lease obligations – non-current $ 138,952 $ 68,361
Schedule of future annual capital lease payments	Twelve months ending Amount 2016 $ 4,615,083 2017 138,952 Total $ 4,754,035

Taxes (Tables)

Taxes (Tables)	12 Months Ended
	Jun. 30, 2015
Taxes [Abstract]
Schedule of provision (benefit) for income taxes	For the years ended 2015 2014 Current $ 3,226,780 $ 3,334,040 Deferred (328,761 ) (74,893 ) Total provision for income taxes $ 2,898,019 $ 3,259,147
Schedule of reconciles the statutory rates	June 30, June 30, China income tax rate 25.0 % 25.0 % Effect of allowance for temporary differences (2.9 %) 0.0 % Effect of permanent differences 2.9 % (1.6 %) Effective income tax rates 25.0 % 23.4 %
Schedule of deferred tax assets and liabilities	June 30, June 30, Deferred tax assets Non-current Startup cost 218,861 90,297 Plant and equipment 351,583 141,643 Intangible assets (50,297 ) (43,559 ) Net operating loss carryforward in China 48,519 48,163 Total non-current deferred tax assets 568,666 236,544 Valuation allowance (48,519 ) (48,163 ) Total non-current deferred tax assets, net 520,147 188,381 Total deferred tax assets $ 520,147 $ 188,381
Schedule of taxes payable	June 30, June 30, Income taxes payable $ 983,767 $ 949,568 VAT taxes payable 102,077 146,472 Other taxes payable 12,249 17,577 Total $ 1,098,093 $ 1,113,617

Equity (Tables)

Equity (Tables)	12 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Schedule of dividends payable	Name of shareholders June 30, June 30, Yulong Zhu $ 3,462,665 $ 3,437,283 Hu Zhu 2,212,315 2,196,098 Guangjian Zhu 1,773,900 1,760,896 Yingtao Miao 545,245 541,248 Total dividends payable $ 7,994,125 $ 7,935,525

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	For the year ended For the year ended Net income $ 8,679,571 $ 10,692,174 Weighted average shares outstanding - Basic and Diluted 8,000,000 8,000,000 Earnings per share - Basic and Diluted $ 1.08 $ 1.34

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2015
Commitments and Contingencies [Abstract]
Schedule of guaranteed in bank loans of unrelated third-parties	Name of parties being guaranteed Guaranteed amount Guarantee expiration date Pingdingshan Yushi Automobile Accessory Sales Co., Ltd $ 1,307,200 February 9, 2016 Pingdingshan Hongdayuan Trading Co., Ltd 980,400 May 22, 2015 Pingdingshan Tiangangxing Material Co., Ltd 817,000 August 4, 2015 Total $ 3,104,600

Segments (Tables)

Segments (Tables)	12 Months Ended
	Jun. 30, 2015
Segments [Abstract]
Schedule of divisional operations	Revenues: 2015 2014 Yulong Bricks $ 15,586,654 $ 14,956,906 Yulong Concrete and Yulong Transport 29,967,622 29,499,530 Yulong Renewable 676,108 - Consolidated revenues $ 46,230,384 $ 44,456,436 Gross profit: 2015 2014 Yulong Bricks $ 9,446,895 $ 9,183,373 Yulong Concrete and Yulong Transport 7,084,582 7,769,602 Yulong Renewable 335,922 - Consolidated gross profit $ 16,867,399 $ 16,952,975 Income (loss) from operations: 2015 2014 Yulong Bricks $ 9,112,875 $ 9,133,974 Yulong Concrete and Yulong Transport 6,042,286 6,964,743 Yulong Renewable (1,190,220 ) (482,275 ) Subtotal 13,964,941 15,616,442 Yulong Eco-Materials (1,106,489 ) (399,974 ) Consolidated income from operations $ 12,858,452 $ 15,216,468 Net income (loss): 2015 2014 Yulong Bricks $ 6,872,096 $ 6,840,465 Yulong Concrete and Yulong Transport 4,159,835 4,838,486 Yulong Renewable (1,245,871 ) (586,743 ) Subtotal 9,786,060 11,092,208 Yulong Eco-Materials (1,106,489 ) (400,034 ) Consolidated net income $ 8,679,571 $ 10,692,174 Depreciation and amortization: 2015 2014 Yulong Bricks $ 535,938 $ 534,563 Yulong Concrete and Yulong Transport 374,776 511,532 Yulong Renewable 841,937 342,314 Consolidated depreciation and amortization $ 1,752,651 $ 1,388,409 Interest expenses: 2015 2014 Yulong Bricks $ 513,819 $ 507,425 Yulong Concrete and Yulong Transport 486,507 475,385 Yulong Renewable 296,776 200,770 Consolidated interest expenses $ 1,297,102 $ 1,183,580 Capital expenditures: 2015 2014 Yulong Bricks $ 168,677 $ 37,955 Yulong Concrete and Yulong Transport 40,275 7,293 Yulong Renewable 1,816,214 905,248 Consolidated capital expenditures $ 2,025,166 $ 950,496
Schedule of assets of division	Total Assets as of: June 30, June 30, Yulong Bricks $ 37,840,558 $ 31,876,516 Yulong Concrete and Yulong Transport 26,391,895 28,221,679 Yulong Renewable 40,638,270 32,732,574 Interdivision assets (27,565,591 ) (23,395,738 ) Yulong Eco-Materials 293,333 120,299 Total Assets $ 77,598,465 $ 69,555,330

Subsequent Events (Tables)

Subsequent Events (Tables)	12 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Schedule of pro forma as adjusted basis Consolidated balance sheet data	Selected Consolidated As of Offering Warrant Liabilities Stock Based Compensation Debt Conversion Pro Forma as Adjusted Cash $ 16,470,299 $ 10,906,156 $ - $ - $ - $ 27,376,455 Total current assets $ 26,841,239 $ 11,510,156 $ - $ 40,000 $ - $ 38,391,395 Total assets $ 77,598,465 $ 11,510,156 $ - $ 40,000 $ - $ 89,148,621 Total current liabilities $ 30,807,152 $ - $ 475,380 $ - $ (9,959,612 ) $ 21,322,920 Total liabilities $ 30,946,104 $ - $ 475,380 $ - $ (9,959,612 ) $ 21,461,872 Total shareholder's equity $ 46,652,361 $ 11,510,156 $ (475,380 ) $ 40,000 $ 9,959,612 $ 67,686,749
Schedule of pro forma as adjusted basis consolidated statements of comprehensive income data	Selected Consolidated Statements of For the Years Ended June 30, Pro Forma Pro Forma 2015 Adjustment as Adjusted Revenues Bricks $ 15,586,654 $ - $ 15,586,654 Concrete 29,967,622 - 29,967,622 Recycling 676,108 - 676,108 Total revenues 46,230,384 - 46,230,384 Cost of revenues Bricks 6,139,759 - 6,139,759 Concrete 22,883,040 - 22,883,040 Recycling 340,186 - 340,186 Total cost of revenues 29,362,985 - 29,362,985 Gross profit 16,867,399 - 16,867,399 Operating expenses: Selling 634,390 - 634,390 General and administrative 3,374,557 125,000 3,499,557 Total operating expenses 4,008,947 125,000 4,133,947 Income from operations 12,858,452 (125,000 ) 12,733,452 Other expenses (1,280,862 ) - (1,280,862 ) Income before income tax 11,577,590 (125,000 ) 11,452,590 Provision for income tax 2,898,019 - 2,898,019 Net income 8,679,571 (125,000 ) 8,554,571 Other comprehensive income Foreign currency translation adjustment 326,188 - 326,188 Comprehensive income $ 9,005,759 $ (125,000 ) $ 8,880,759 Weighted average number of common shares Basic and diluted 8,000,000 3,869,938 * 11,869,938 Earnings per share Basic and diluted $ 1.08 $ 0.72 *On July 1, 2015, the Company had an option and warrants exercisable into 450,000 shares of the Company's ordinary shares in aggregate. Such instruments were excluded from the pro forma diluted earnings per share calculation due to the anti-dilution feature on July 1, 2015.

Nature of Business and Organi44

Nature of Business and Organization (Details)	12 Months Ended
	Jun. 30, 2015
Yulong BVI [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership percentage	100.00%
Yulong HK [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership percentage	100.00%
Yulong WFOE [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership percentage	100.00%
Yulong Bricks [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership, description	VIE by contractual arrangements
Yulong Concrete [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership, description	VIE by contractual arrangements
Yulong Transport [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership, description	VIE by contractual arrangements
Yulong Renewable [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership, description	VIE by contractual arrangements

Nature of Business and Organi45

Nature of Business and Organization (Details Textual)	Jun. 30, 2015USD ($)	Jun. 30, 2015CNY (¥)
Yulong BVI [Member]
Nature of Business and Organization (Textual)
Ownership percentage	100.00%	100.00%
Yulong WFOE [Member]
Nature of Business and Organization (Textual)
Ownership percentage	100.00%	100.00%
Registered capital	$ 100,000
Yulong Bricks [Member]
Nature of Business and Organization (Textual)
Registered capital	4,395,000	¥ 30,000,000
Yulong Concrete [Member]
Nature of Business and Organization (Textual)
Registered capital	2,830,000	20,000,000
Yulong Transport [Member]
Nature of Business and Organization (Textual)
Registered capital	1,465,464	10,010,000
Yulong Renewable [Member]
Nature of Business and Organization (Textual)
Registered capital	$ 9,510,000	¥ 60,000,000

Summary of Significant Accoun46

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Jun. 30, 2015
Maximum [Member] | Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Useful Life	30 years
Maximum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful Life	10 years
Maximum [Member] | Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful Life	10 years
Maximum [Member] | Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Minimum [Member] | Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Useful Life	10 years
Minimum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Minimum [Member] | Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Minimum [Member] | Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful Life	3 years

Summary of Significant Accoun47

Summary of Significant Accounting Policies (Details 1)	12 Months Ended
	Jun. 30, 2015
Yulong Bricks [Member]
Property, Plant and Equipment [Line Items]
Description of assets	Land use right
Estimated useful life	50 years
Yulong Concrete [Member]
Property, Plant and Equipment [Line Items]
Description of assets	Land use right
Estimated useful life	50 years
Yulong Renewable [Member]
Property, Plant and Equipment [Line Items]
Description of assets	Land use right
Estimated useful life	50 years

Summary of Significant Accoun48

Summary of Significant Accounting Policies (Details Textual)	9 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014numbers	Jun. 30, 2015USD ($)numberscustomer	Jun. 30, 2014USD ($)numbers	Jun. 30, 2015CNY (¥)numberscustomer	Jun. 30, 2014CNY (¥)numbers
Summary Of Significant Accounting Policies (Textuall)
Accumulated other comprehensive income			$ 2,506,840	$ 2,180,652
Exception of equity			1,000		¥ 6.11	¥ 6.15
Other comprehensive income			$ 6,140	6,140
Description of leases criteria			At lease inception, if the lease meets any of the following four criteria, the Company will classify it as a capital lease; otherwise it will be treated as an operating lease: (a) transfer of ownership to lessee at the end of the lease term, (b) bargain purchase option, (c) lease term is equal to 75% or more of the estimated economic life of the leased property, or (d) the present value of the minimum lease payments is 90% or more of the fair value of the leased asset.
Shipping costs			$ 316,256	432,328
Depreciation expense			1,752,651	1,388,409
Cash and cash equivalents			16,393,414	19,526,224
Total expense for employee benefit plans			$ 118,410	$ 109,502
Customer [Member] | Total revenues (Member)
Summary Of Significant Accounting Policies (Textuall)
Percentage of concentration risk		10.00%	10.00%	10.00%
Customer [Member] | Accounts Receivable [Member]
Summary Of Significant Accounting Policies (Textuall)
Percentage of concentration risk	10.00%			10.00%
Customer One [Member] | Total revenues (Member)
Summary Of Significant Accounting Policies (Textuall)
Percentage of concentration risk	10.00%
Customer One [Member] | Accounts Receivable [Member]
Summary Of Significant Accounting Policies (Textuall)
Percentage of concentration risk			14.00%
Number of customer | customer			1		1
Supplier One [Member] | Total purchases [Member]
Summary Of Significant Accounting Policies (Textuall)
Percentage of concentration risk		15.00%	19.00%	17.00%
Supplier One [Member] | Accounts Payable [Member]
Summary Of Significant Accounting Policies (Textuall)
Percentage of concentration risk	26.00%		32.00%	31.00%
Supplier Two [Member] | Total purchases [Member]
Summary Of Significant Accounting Policies (Textuall)
Percentage of concentration risk		14.00%	19.00%	15.00%
Supplier Two [Member] | Accounts Payable [Member]
Summary Of Significant Accounting Policies (Textuall)
Percentage of concentration risk	19.00%		23.00%	21.00%
Number of suppliers | numbers				2		2
Supplier Three [Member] | Total purchases [Member]
Summary Of Significant Accounting Policies (Textuall)
Percentage of concentration risk		14.00%	14.00%	13.00%
Supplier Three [Member] | Accounts Payable [Member]
Summary Of Significant Accounting Policies (Textuall)
Percentage of concentration risk	12.00%		18.00%	15.00%
Number of suppliers | numbers			3		3
Supplier Four [Member] | Total purchases [Member]
Summary Of Significant Accounting Policies (Textuall)
Percentage of concentration risk		12.00%	13.00%	12.00%
Number of suppliers | numbers		4	4	4	4	4
Supplier Four [Member] | Accounts Payable [Member]
Summary Of Significant Accounting Policies (Textuall)
Percentage of concentration risk	11.00%

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Variable Interest Entity [Line Items]
Current assets	$ 26,841,239	$ 26,752,661
Plant and equipment, net	41,267,655	34,381,554
Other noncurrent assets	9,489,571	8,421,115
Total assets	77,598,465	69,555,330
Total liabilities	30,946,104	31,908,728
Variable Interest Entity [Member]
Variable Interest Entity [Line Items]
Current assets	26,547,906	26,632,362
Plant and equipment, net	41,267,655	34,381,554
Other noncurrent assets	9,489,571	8,421,115
Total assets	77,305,132	69,435,031
Total liabilities	29,529,680	(31,771,827)
Net assets	$ 47,775,452	$ 37,663,204

Variable Interest Entities (D50

Variable Interest Entities (Details 1) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Current liabilities:
Short term loan - banks	$ 7,972,190	$ 7,751,250
Accounts payable	1,726,158	1,820,585
Other payables and accrued liabilities	4,817,399	735,789
Other payables - related parties	2,584,104	182,000
Customer deposits		402,499
Taxes payable	1,098,093	1,113,617
Less: capital lease obligations - current	4,615,083	1,610,492
Dividends payable	7,994,125
Total current liabilities	30,807,152	13,616,232
Long term liabilities:
Other payables		487,500
Other payables - related parties		9,801,110
Dividends payable		7,935,525
Capital lease obligations - non-current	138,952	68,361
Total long term liabilities	138,952	18,292,496
Total liabilities	30,946,104	31,908,728
Variable Interest Entity [Member]
Current liabilities:
Short term loan - banks	7,972,190	7,751,250
Accounts payable	1,726,158	1,820,585
Other payables and accrued liabilities	3,711,210	598,888
Other payables - related parties	$ 2,273,869	182,000
Customer deposits		402,499
Taxes payable	$ 1,098,093	1,113,617
Less: capital lease obligations - current	4,615,083	1,610,492
Total current liabilities	$ 29,390,728	13,479,331
Long term liabilities:
Other payables		487,500
Other payables - related parties		9,801,110
Dividends payable		7,935,525
Capital lease obligations - non-current	$ 138,952	68,361
Total long term liabilities	138,952	18,292,496
Total liabilities	$ 29,529,680	$ (31,771,827)

Variable Interest Entities (D51

Variable Interest Entities (Details 2) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Variable Interest Entity [Line Items]
Revenue	$ 46,230,384	$ 44,456,436
Gross profit	16,867,399	16,952,975
Income from operations	12,858,452	15,216,468
Net income	8,679,571	10,692,174
Variable Interest Entity [Member]
Variable Interest Entity [Line Items]
Revenue	46,230,384	44,456,436
Gross profit	16,867,399	16,952,975
Income from operations	13,964,941	15,616,442
Net income	$ 9,786,060	$ 11,092,208

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Receivables [Abstract]
Accounts receivable	$ 9,329,495	$ 5,181,394
Less: allowance for doubtful accounts
Total accounts receivable, net	$ 9,329,495	$ 5,181,394

Accounts Receivable, Net (Det53

Accounts Receivable, Net (Details 1) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Receivables [Abstract]
Beginning balance		$ 126,196
Charge to expense (benefit)		(126,976)
Exchange rate effect		$ 546
Ending balance

Other Receivables (Details)

Other Receivables (Details) - USD ($)		Jun. 30, 2015	Jun. 30, 2014
Receivables [Abstract]
Deposits for equipment purchase		$ 126,856	$ 136,130
Deposit for outsourcing agreement (1)	[1]	147,330	$ 146,250
Deposit for new projects (2)	[2]	8,185
Advances to employees		3,782	$ 67,740
Total		$ 286,153	$ 350,120
[1]	In December 2011, Yulong Bricks agreed to outsource some brick production to Pingdingshan Hongrui New Construction Materials Co., Ltd., an unrelated party, and paid approximately $147,330 (RMB 900,000) as security deposit, which deposit is due on demand.
[2]	In April 2015, Yulong Renewable paid $8,185 (RMB 50, 000) as security deposit in order to bid on a new project.

Other Receivables (Details Text

Other Receivables (Details Textuals)	Jun. 30, 2015USD ($)	Jun. 30, 2015CNY (¥)	Dec. 31, 2011USD ($)	Dec. 31, 2011CNY (¥)
Pingdingshan Hongrui New Construction Materials Co Ltd [Member]
Other receivables [Textual]
Security deposit	$ 8,185	¥ 50,000	$ 147,330	¥ 900,000

Inventories (Details)

Inventories (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Inventories [Abstract]
Raw materials	$ 267,560	$ 273,583
Semi-finished byproduct	6,196
Finished goods	90,498	$ 148,415
Total inventories	$ 364,254	$ 421,998

Plant and Equipment, Net (Detai

Plant and Equipment, Net (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Subtotal	$ 48,562,624	$ 39,929,751
Less: accumulated depreciation	(7,294,969)	(5,548,197)
Total	41,267,655	34,381,554
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Subtotal	17,959,588	8,235,612
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Subtotal	7,861,193	4,410,162
Machinery and equipment under capital lease [Member]
Property, Plant and Equipment [Line Items]
Subtotal	1,883,535	1,406,278
Transportation equipment [Member]
Property, Plant and Equipment [Line Items]
Subtotal	938,202	754,632
Transportation equipment under capital lease [Member]
Property, Plant and Equipment [Line Items]
Subtotal	2,923,262	1,095,645
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Subtotal	107,128	66,080
Construction-in-progress [Member]
Property, Plant and Equipment [Line Items]
Subtotal	$ 16,889,716	$ 23,961,342

Plant and Equipment, Net (Det58

Plant and Equipment, Net (Details 1)	12 Months Ended
	Jun. 30, 2015USD ($)
Schedule of Construction-in-progress
Construction-in-progress description Value	$ 44,800,000
Waste recycling plant, brick production plant, research and development center and office building [Member]
Schedule of Construction-in-progress
Construction-in-progress description Value	$ 16,881,987	[1]
Estimated completion date	Dec. 31, 2015	[1]
Estimated additional cost to complete	$ 13,237,231	[1]
Autoclave installation [Member]
Schedule of Construction-in-progress
Construction-in-progress description Value	$ 7,729	[2]
Estimated completion date	Dec. 31, 2015	[2]
Estimated additional cost to complete	$ 106,861	[2]
[1]	As of June 30, 2015, approximately $3.6 million was included in prepayment (See Note 8), approximately $16.9 million was included in construction-in-progress, approximately $11.1 million was transferred to fixed assets, and approximately $13.2 million was not yet due. The Company may incur other costs in addition to what have been contracted for.
[2]	Approximately $74,000 in the aggregate for installation has been contracted for. As of June 30, 2015, approximately $16,000 was included in prepayment (See Note 8), approximately $8,000 was included in construction-in-progress, and approximately $107,000 was not yet due. The Company may incur other costs in addition to what have been contracted for.

Plant and Equipment, Net (Det59

Plant and Equipment, Net (Details 2) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Schedule of capital leased assets
Subtotal	$ 4,869,662	$ 1,741,387
Less: accumulated depreciation	(1,036,884)	(337,598)
Total	3,769,913	2,164,325
Machinery and equipment [Member]
Schedule of capital leased assets
Subtotal	1,883,535	1,406,278
Transportation equipment [Member]
Schedule of capital leased assets
Subtotal	$ 2,923,262	$ 1,095,645

Plant and Equipment, Net (Det60

Plant and Equipment, Net (Details Textual)

1 Months Ended

9 Months Ended

12 Months Ended

Nov. 30, 2014USD ($)

Nov. 30, 2014CNY (¥)

Sep. 30, 2014USD ($)

Jul. 31, 2014USD ($)Trucks

Jul. 31, 2014CNY (¥)Trucks

Mar. 31, 2014USD ($)

Nov. 30, 2012USD ($)Trucks

Nov. 30, 2012CNY (¥)Trucks

Oct. 31, 2012USD ($)Trucks

Oct. 31, 2012CNY (¥)Trucks

Dec. 31, 2011USD ($)

Mar. 31, 2015USD ($)

Mar. 31, 2014USD ($)

Jun. 30, 2015USD ($)Trucks

Jun. 30, 2014USD ($)

Jul. 31, 2014CNY (¥)

Nov. 30, 2012CNY (¥)

Oct. 31, 2012CNY (¥)

Plant and equipment, net (Textual)

Depreciation

$ 1,697,465

$ 1,333,257

Interest expense

1,297,102

1,183,580

Capital lease equipment

$ 500,000

$ 235,000

Installation charges

131,000

Construction-in-progress

44,800,000

Prepayment for construction

[1]

3,637,467

4,803,303

Plant and equipment, net

41,267,655

34,381,554

Lease agreement amount

$ 4,754,035

1,678,853

Number of hauling trucks | Trucks

70

Waste recycling plant, brick production plant, research and development center and office building [Member]

Plant and equipment, net (Textual)

Construction-in-progress

[2]

$ 16,881,987

Estimated additional cost to complete

[2]

13,237,231

Autoclave installation [Member]

Plant and equipment, net (Textual)

Construction-in-progress

[3]

7,729

Estimated additional cost to complete

[3]

106,861

Machinery and equipment under capital lease [Member]

Plant and equipment, net (Textual)

Lease agreements term with third party

3 years

One time payment of lease

$ 242,276

Security deposit

32,740

Monthly lease payment

$ 33,000

Interest rate per annum

15.30%

Option to purchase of machines

$ 327

Penalties due to late payments

$ 70,000

¥ 427,613

Machinery and equipment under capital lease [Member] | Lease Agreements [Member]

Plant and equipment, net (Textual)

Lease agreements term with third party

2 years

One time payment of lease

$ 37,952

Security deposit

5,828

$ 5,828

Monthly lease payment

$ 5,000

Interest rate per annum

8.80%

8.80%

Machinery and equipment under capital lease [Member] | Lease Agreements One [Member]

Plant and equipment, net (Textual)

Lease agreements term with third party

18 months

One time payment of lease

$ 17,758

Security deposit

5,549

$ 5,549

Monthly lease payment

$ 3,000

Interest rate per annum

8.50%

8.50%

Machinery and equipment under capital lease [Member] | Lease Agreements Two [Member]

Plant and equipment, net (Textual)

Lease agreements term with third party

2 years

One time payment of lease

$ 54,506

Security deposit

8,414

Monthly lease payment

$ 8,000

Interest rate per annum

8.70%

Machinery and equipment under capital lease [Member] | Lease Agreements Three [Member]

Plant and equipment, net (Textual)

Lease agreements term with third party

2 years

One time payment of lease

$ 37,952

Security deposit

5,828

Monthly lease payment

$ 5,000

Interest rate per annum

8.70%

Machinery and equipment under capital lease [Member] | Lease Agreements Four [Member]

Plant and equipment, net (Textual)

Lease agreements term with third party

18 months

One time payment of lease

$ 17,758

Security deposit

5,549

Monthly lease payment

$ 3,000

Interest rate per annum

8.30%

Machinery and equipment under capital lease [Member] | Lease Agreements Five [Member]

Plant and equipment, net (Textual)

Lease agreements term with third party

18 months

One time payment of lease

$ 17,706

Security deposit

5,533

Monthly lease payment

$ 3,000

Interest rate per annum

8.30%

Transportation equipment under capital lease [Member]

Plant and equipment, net (Textual)

Depreciation

693,000

320,000

Interest expense

297,000

$ 200,000

Transportation equipment under capital lease [Member] | Lease Agreements [Member]

Plant and equipment, net (Textual)

Lease agreements term with third party

2 years

2 years

One time payment of lease

$ 163,701

Security deposit

52,057

¥ 318,000

Monthly lease payment

$ 26,000

Interest rate per annum

18.20%

18.20%

Number of hauling trucks | Trucks

10

10

Remaining outstanding of lease payments

334,000

Insurance

$ 67,936

¥ 415,000

Transportation equipment under capital lease [Member] | Lease Agreements One [Member]

Plant and equipment, net (Textual)

Lease agreements term with third party

2 years

2 years

One time payment of lease

$ 163,701

Security deposit

$ 52,057

¥ 318,000

Interest rate per annum

16.80%

16.80%

Number of hauling trucks | Trucks

10

10

Insurance

$ 56,968

¥ 348,000

Transportation equipment under capital lease [Member] | Lease Agreements One [Member] | July 2013 to June 2014 [Member]

Plant and equipment, net (Textual)

Monthly lease payment

32,000

Transportation equipment under capital lease [Member] | Lease Agreements One [Member] | July 2014 to June 2015 [Member]

Plant and equipment, net (Textual)

Monthly lease payment

$ 16,000

Transportation equipment under capital lease [Member] | Lease Agreements Two [Member]

Plant and equipment, net (Textual)

Remaining outstanding of lease payments

$ 291,000

Transportation equipment under capital lease [Member] | Lease Agreements Three [Member]

Plant and equipment, net (Textual)

Lease agreements term with third party

2 years

2 years

One time payment of lease

$ 383,058

¥ 2,340,000

Monthly lease payment

$ 89,000

Interest rate per annum

15.60%

15.60%

Option to purchase of machines

$ 491

Number of hauling trucks | Trucks

30

30

Price per truck

$ 61,000

¥ 370,500

[1]

Prepayments for construction are advances made in connection with the construction of Yulong Renewable's waste recycling plant and brick production plant (see Note 7).

[2]

As of June 30, 2015, approximately $3.6 million was included in prepayment (See Note 8), approximately $16.9 million was included in construction-in-progress, approximately $11.1 million was transferred to fixed assets, and approximately $13.2 million was not yet due. The Company may incur other costs in addition to what have been contracted for.

[3]

Approximately $74,000 in the aggregate for installation has been contracted for. As of June 30, 2015, approximately $16,000 was included in prepayment (See Note 8), approximately $8,000 was included in construction-in-progress, and approximately $107,000 was not yet due. The Company may incur other costs in addition to what have been contracted for.

Prepayments (Details)

Prepayments (Details) - USD ($)		Jun. 30, 2015	Jun. 30, 2014
Prepayments [Abstract]
Prepayment for equipment purchase		$ 21,281	$ 589,875
Prepayment for construction	[1]	$ 3,637,467	4,803,303
Prepayment for land use right			378,503
Total non-current		$ 3,658,748	$ 5,771,681
[1]	Prepayments for construction are advances made in connection with the construction of Yulong Renewable's waste recycling plant and brick production plant (see Note 7).

Intangibles, Net (Details)

Intangibles, Net (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Intangibles, net [Abstract]
Land use rights under capital lease	$ 5,267,495	$ 2,746,232
Less: accumulated amortization	(354,119)	(296,473)
Total	$ 4,913,376	$ 2,449,759

Intangibles, Net (Details 1)

Intangibles, Net (Details 1)	Jun. 30, 2015USD ($)
Estimated amortization expenses [Abstract]
2,016	$ 104,962
2,017	104,962
2,018	104,962
2,019	104,962
2,020	104,962
Thereafter	4,388,566
Total	$ 4,913,376

Intangibles, Net (Details Textu

Intangibles, Net (Details Textual)	12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015CNY (¥)
Intangibles, net (Textual)
Total land use rights under capital leases	$ 4,913,376
Lease expiration period	50 years
Amortization expenses	$ 55,186	$ 55,152
Yulong Bricks and Yulong Concrete [Member]
Intangibles, net (Textual)
Lease expenses expire	Dec. 31, 2058
Yulong Renewable [Member]
Intangibles, net (Textual)
Lease expenses expire	Mar. 31, 2065
Use rights [Member]
Intangibles, net (Textual)
Total land use rights under capital leases	$ 4,974,614		¥ 30,388,600
Associated costs	$ 292,881		¥ 1,789,135

Short-Term Loans (Details)

Short-Term Loans (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Schedule of Short-term loans
Short term loan - banks	$ 7,972,190	$ 7,751,250
Loan from Pingdingshan Bank, matured in April 2014 [Member]
Schedule of Short-term loans
Short term loan - banks	360,140	617,500
Loan from Pingdingshan Rural Credit Cooperative Union, originally matured in June 2014 [Member]
Schedule of Short-term loans
Short term loan - banks	$ 2,373,650	2,356,250
Loan from Pingdingshan Bank, matured in August 2014 [Member]
Schedule of Short-term loans
Short term loan - banks		812,500
Loan from Pingdingshan Bank, matured in January 2015 [Member]
Schedule of Short-term loans
Short term loan - banks	$ 736,650	812,500
Loan from Pingdingshan Bank, matured in March 2015 [Member]
Schedule of Short-term loans
Short term loan - banks		731,250
Loan from Pingdingshan Rural Credit Cooperative Union, matured in May 2015 [Member]
Schedule of Short-term loans
Short term loan - banks	$ 736,650	796,250
Loan from Pingdingshan Rural Credit Cooperative Union, matured in December 2014 [Member]
Schedule of Short-term loans
Short term loan - banks		$ 1,625,000
Loan from Pingdingshan Bank, matures in August 2015 [Member]
Schedule of Short-term loans
Short term loan - banks	$ 818,500
Loan from Pingdingshan Rural Credit Cooperative Union, matures in December 2015 [Member]
Schedule of Short-term loans
Short term loan - banks	1,637,000
Loan from Pingdingshan Bank, matures in March, 2016 [Member]
Schedule of Short-term loans
Short term loan - banks	654,800
Loan from China Construction Bank, matures in June 2016 [Member]
Schedule of Short-term loans
Short term loan - banks	$ 654,800

Short-Term Loans (Details Textu

Short-Term Loans (Details Textual) - USD ($)	1 Months Ended			12 Months Ended
	May. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Jul. 06, 2015
Short-term Debt [Line Items]
Loan maturity date				Apr. 30, 2015
Loan Interest rate, percentage				12.00%
Repayment of short term bank loan				$ 4,316,850	$ 6,902,720
Interest expense on debts				$ 1,000,326	$ 983,191
Loan from Pingdingshan Bank, matured in April 2014 [Member]
Short-term Debt [Line Items]
Loan maturity date		Apr. 30, 2016		Apr. 30, 2014
Loan Interest rate, percentage		11.50%		12.00%
Repayment of short term bank loan		$ 257,360		$ 360,140
Loan from Pingdingshan Rural Credit Cooperative Union, originally matured in June 2014 [Member]
Short-term Debt [Line Items]
Loan maturity date				Jun. 30, 2014	Jun. 30, 2014
Loan Interest rate, percentage				12.10%	12.10%
Loan from Pingdingshan Bank, matured in August 2014 [Member]
Short-term Debt [Line Items]
Loan maturity date				Aug. 31, 2014
Loan Interest rate, percentage				10.80%
Loan from Pingdingshan Bank, matured in January 2015 [Member]
Short-term Debt [Line Items]
Loan maturity date				Jan. 31, 2015
Loan Interest rate, percentage				10.80%		10.80%
Repayment of short term bank loan			$ 75,850	$ 736,650
Loan from Pingdingshan Bank, matured in March 2015 [Member]
Short-term Debt [Line Items]
Loan maturity date				Mar. 31, 2015
Loan Interest rate, percentage				10.80%
Loan from Pingdingshan Rural Credit Cooperative Union, matured in May 2015 [Member]
Short-term Debt [Line Items]
Loan maturity date				May 31, 2015
Loan Interest rate, percentage				12.10%
Repayment of short term bank loan	$ 59,600
Loan from Pingdingshan Rural Credit Cooperative Union, matured in December 2014 [Member]
Short-term Debt [Line Items]
Loan maturity date				Dec. 31, 2014
Loan Interest rate, percentage				12.60%
Loan from Pingdingshan Bank, matures in August 2015 [Member]
Short-term Debt [Line Items]
Loan maturity date				Aug. 31, 2015
Loan Interest rate, percentage				10.80%
Loan from Pingdingshan Rural Credit Cooperative Union, matures in December 2015 [Member]
Short-term Debt [Line Items]
Loan maturity date				Dec. 31, 2015
Loan Interest rate, percentage				12.60%
Loan from Pingdingshan Bank, matures in March, 2016 [Member]
Short-term Debt [Line Items]
Loan maturity date				Mar. 31, 2016
Loan Interest rate, percentage				10.20%
Loan from China Construction Bank, matures in June 2016 [Member]
Short-term Debt [Line Items]
Loan maturity date				Jun. 30, 2015
Loan Interest rate, percentage				6.10%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Related Party Transaction [Line Items]
Total		$ 936,608
Liping Zhai [Member]
Related Party Transaction [Line Items]
Relationship	Relative of founder and member of management
Nature of transactions	Employee advance for travel and business expenses
Total		3,148
Henan Juhe Industrial Co., Ltd. [Member]
Related Party Transaction [Line Items]
Relationship	Owned by founder
Nature of transactions	Loan to founder's entity for funding business development activities
Total		$ 933,460

Related Party Transactions (D68

Related Party Transactions (Details 1) - USD ($)		12 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Related Party Transaction [Line Items]
Total		$ 2,584,104	$ 9,983,110
Total other payables - related parties - current		$ (2,584,104)	(182,000)
Total other payables - related parties - non-current			9,801,110
Yulong Zhu [Member]
Related Party Transaction [Line Items]
Relationship	[1]	Founder
Nature of transactions	[1]	Loan from founder for operating cash flows
Total	[1]	$ 2,342,541	9,418,968
Henan Yuliang Hotel Co., Ltd.[Member]
Related Party Transaction [Line Items]
Relationship		Owned by founder
Nature of transactions		Loan from founder's entity for operating cash flows
Total		$ 21,281	182,000
Lei Zhu [Member]
Related Party Transaction [Line Items]
Relationship	[2]	Relative of founder
Nature of transactions	[2]	Loan from relative of founder for operating cash flow
Total	[2]	$ 220,282	381,167
Hu Zhu [Member]
Related Party Transaction [Line Items]
Relationship		Relative of founder
Nature of transactions		Loan from relative of founder for operating cash flow
Total			$ 975
[1]	Converted approximately $1.7 million into shares of the Company's ordinary shares concurrently with the closing of the Company's initial public offering of its ordinary shares on July 1, 2015 (the "IPO"), at the initial public price per share of $6.25 (the "IPO Price").
[2]	Fully converted into shares of the Company's ordinary shares concurrently with the closing of the IPO at the IPO Price.

Related Party Transactions (D69

Related Party Transactions (Details 2) - USD ($)		12 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Related Party Transaction [Line Items]
Other receivables-related parties			$ 936,608
Repayments to related parties		$ (26,673)
Non-cash items		(912,240)
Effect of exchange rate		$ 2,305
Liping Zhai [Member]
Related Party Transaction [Line Items]
Other receivables-related parties			3,148
Repayments to related parties		$ (3,155)
Non-cash items	[1]
Effect of exchange rate		$ 7
Juhe Industrial [Member]
Related Party Transaction [Line Items]
Other receivables-related parties			$ 933,460
Repayments to related parties		$ (23,518)
Non-cash items	[1]	(912,240)
Effect of exchange rate		$ 2,298
[1]	See non-cash items in the accompanying consolidated statements of cash flows.

Related Party Transactions (D70

Related Party Transactions (Details Textuals) - USD ($)		Feb. 27, 2015	Jun. 30, 2015	Jun. 30, 2014
Related Party Transactions (Textuals)
Other payables - related parties				$ 9,801,110
Repayments from related parties offset with other payable-related parties			$ 912,240
Repayment to related parties			6,500,000
Conversion into ordinary shares		$ 9,892,692
IPO [Member]
Related Party Transactions (Textuals)
Conversion into ordinary shares			$ 1,600,000
Share price			$ 6.25
Juhe Industrial [Member]
Related Party Transactions (Textuals)
Repayments from related parties offset with other payable-related parties	[1]		$ 912,240
[1]	See non-cash items in the accompanying consolidated statements of cash flows.

Capital Lease Obligations (Deta

Capital Lease Obligations (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Capital Leased Assets [Line Items]
Subtotal	$ 4,869,662	$ 1,741,387
Less: deferred interest	(115,627)	(62,534)
Capital lease obligations, net	4,754,035	1,678,853
Less: capital lease obligations - current	(4,615,083)	(1,610,492)
Capital lease obligations - non-current	$ 138,952	68,361
Lease obligations for two special-order machines expired December 2014 [Member]
Capital Leased Assets [Line Items]
Subtotal		636,562
Lease obligations for ten hauling trucks expiring May 2015 [Member]
Capital Leased Assets [Line Items]
Subtotal	$ 334,323	520,119
Lease obligations for ten hauling trucks expiring June 2015 [Member]
Capital Leased Assets [Line Items]
Subtotal	290,552	418,900
Lease obligations for a loading equipment expiring in November 2015 [Member]
Capital Leased Assets [Line Items]
Subtotal	28,073	44,479
Lease obligations for a digging equipment expiring in May 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	82,442	$ 121,327
Lease obligations for thirty hauling trucks expiring in July 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	1,673,890
Lease obligation for a loading equipment expiring in April 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	43,107
Lease obligation for a loading equipment expiring April 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	42,979
Lease obligation for a digging equipment expiring in October 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	156,228
Lease obligation for a digging equipment expiring in October 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	108,204
Lease obligation for a land use right in June 30 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	$ 2,109,864

Capital Lease Obligations (De72

Capital Lease Obligations (Details 1)	Jun. 30, 2015USD ($)
Future annual capital lease payments
2,016	$ 4,615,083
2,017	138,952
Total	$ 4,754,035

Capital Lease Obligations (De73

Capital Lease Obligations (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Apr. 30, 2015
Capital Leased Assets [Line Items]
Accrued interest in connection with capital lease obligations	$ 179,264	$ 57,313
Interest expenses on capital lease obligations	296,776	200,389
Lease obligations for two special-order machines expired December 2014 [Member]
Capital Leased Assets [Line Items]
Lease payment	$ 33,067
Percentage of interest on capital lease obligations	15.30%
Capital lease obligations, Expiration date	Dec. 31, 2014
Security deposit			$ 32,740
Lease obligations for ten hauling trucks expiring May 2015 [Member]
Capital Leased Assets [Line Items]
Lease payment	$ 26,331
Percentage of interest on capital lease obligations	18.20%
Capital lease obligations, Expiration date	May 31, 2015
Lease obligations for ten hauling trucks expiring June 2015 [Member]
Capital Leased Assets [Line Items]
Lease payment	$ 16,481	$ 32,032
Percentage of interest on capital lease obligations	16.80%
Capital lease obligations, Expiration date	Jun. 30, 2015
Lease obligations for a loading equipment expiring in November 2015 [Member]
Capital Leased Assets [Line Items]
Lease payment	$ 2,636
Percentage of interest on capital lease obligations	8.50%
Capital lease obligations, Expiration date	Nov. 30, 2015
Lease obligations for a digging equipment expiring in May 2016 [Member]
Capital Leased Assets [Line Items]
Lease payment	$ 5,314
Percentage of interest on capital lease obligations	8.80%
Capital lease obligations, Expiration date	May 31, 2016
Lease obligations for thirty hauling trucks expiring in July 2016 [Member]
Capital Leased Assets [Line Items]
Lease payment	$ 89,061
Percentage of interest on capital lease obligations	15.60%
Capital lease obligations, Expiration date	Jul. 31, 2016
Lease obligation for a loading equipment expiring in April 2016 [Member]
Capital Leased Assets [Line Items]
Lease payment	$ 2,636
Percentage of interest on capital lease obligations	8.30%
Capital lease obligations, Expiration date	Apr. 30, 2016
Lease obligation for a loading equipment expiring April 2016 [Member]
Capital Leased Assets [Line Items]
Lease payment	$ 2,628
Percentage of interest on capital lease obligations	8.30%
Capital lease obligations, Expiration date	Apr. 30, 2016
Lease obligation for a digging equipment expiring in October 2016 [Member]
Capital Leased Assets [Line Items]
Lease payment	$ 7,673
Percentage of interest on capital lease obligations	8.70%
Capital lease obligations, Expiration date	Oct. 31, 2016
Lease obligation for a digging equipment expiring in October 2016 [Member]
Capital Leased Assets [Line Items]
Lease payment	$ 5,314
Percentage of interest on capital lease obligations	8.70%
Capital lease obligations, Expiration date	Oct. 31, 2016
Lease obligation for a land use right in June 30 2016 [Member]
Capital Leased Assets [Line Items]
Capital lease obligations, Expiration date	Jun. 30, 2016

Taxes (Details)

Taxes (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Taxes [Abstract]
Current	$ 3,226,780	$ 3,334,040
Deferred	(328,761)	(74,893)
Total provision for income taxes	$ 2,898,019	$ 3,259,147

Taxes (Details 1)

Taxes (Details 1)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Taxes [Abstract]
China income tax rate	25.00%	25.00%
Effect of allowance for temporary differences	(2.90%)	0.00%
Effect of permanent differences	2.90%	(1.60%)
Effective income tax rates	25.00%	23.40%

Taxes (Details 2)

Taxes (Details 2) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Non-current
Startup cost	$ 218,861	$ 90,297
Plant and equipment	351,583	141,643
Intangible assets	(50,297)	(43,559)
Net operating loss carryforward in China	48,519	48,163
Total non-current deferred tax assets	568,666	236,544
Valuation allowance	(48,519)	(48,163)
Total non-current deferred tax assets, net	520,147	188,381
Total deferred tax assets	$ 520,147	$ 188,381

Taxes (Details 3)

Taxes (Details 3) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Taxes [Abstract]
Income taxes payable	$ 983,767	$ 949,568
VAT taxes payable	102,077	146,472
Other taxes payable	12,249	17,577
Total	$ 1,098,093	$ 1,113,617

Taxes (Details Textual)

Taxes (Details Textual) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Nov. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Taxes (Textual)
China income tax rate		25.00%	25.00%
Taxable revenue percent		90.00%
Unrecognized tax distribution amount		$ 23.1
VAT Percentage	3.00%	6.00%
Minimum [Member]
Taxes (Textual)
VAT Percentage		13.00%
Maximum [Member]
Taxes (Textual)
VAT Percentage		17.00%
HONG KONG
Taxes (Textual)
Hong Kong income tax rate percentage		16.50%
CHINA
Taxes (Textual)
China income tax rate		25.00%
PRC withholding tax percentage		10.00%

Equity (Details)

Equity (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Schedule of dividends payable
Dividends payable		$ 7,935,525
Yulong Zhu [Member]
Schedule of dividends payable
Dividends payable	$ 3,462,665	3,437,283
Hu Zhu [Member]
Schedule of dividends payable
Dividends payable	2,212,315	2,196,098
Guangjian Zhu [Member]
Schedule of dividends payable
Dividends payable	1,773,900	1,760,896
Yingtao Miao [Member]
Schedule of dividends payable
Dividends payable	$ 545,245	$ 541,248

Equity (Details Textual)

Equity (Details Textual)	Feb. 27, 2015USD ($)Shareholders	Jun. 30, 2015USD ($)	Jun. 30, 2013USD ($)	Jun. 30, 2014USD ($)
Equity (Textual)
Variable interest entity, description		VIEs is required to set aside at least 10% of its after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of its registered capital.
Statutory reserves		$ 3,922,228		$ 3,771,665
Net assets		$ 47,875,838		$ 37,762,853
Reverse stock split	4-for-5
Dividends declared			$ 23,105,193
Number of shareholders | Shareholders	5
Conversion into ordinary shares	$ 9,892,692

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)		12 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Net income		$ 8,679,571	$ 10,692,174
Weighted average shares outstanding - Basic and Diluted	[1]	8,000,000	8,000,000
Earnings per share - Basic and Diluted	[1]	$ 1.08	$ 1.34
[1]	Giving retroactive effect to the 4-for-5 reverse stock split effected on March 3, 2015.

Commitments and Contingencies82

Commitments and Contingencies (Details)	12 Months Ended
	Jun. 30, 2015USD ($)
Loss Contingencies [Line Items]
Guaranteed amount	$ 2,128,100
Pingdingshan Yushi Automobile Accessory Sales Co Ltd [Member]
Loss Contingencies [Line Items]
Guaranteed amount	$ 1,309,600
Guarantee expiration date	Feb. 9, 2016
Pingdingshan Tiangangxing Material Co., Ltd [Member]
Loss Contingencies [Line Items]
Guaranteed amount	$ 818,500
Guarantee expiration date	Aug. 5, 2015

Commitments and Contingencies83

Commitments and Contingencies (Details Textual)	12 Months Ended
	Jun. 30, 2015USD ($)
Commitments And Contingencies (Textual)
Guaranteed amount	$ 2,128,100

Segments (Details)

Segments (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Revenue, Net	$ 46,230,384	$ 44,456,436
Gross profit:
Consolidated gross profit	16,867,399	16,952,975
Income (loss) from operations:
Consolidated income from operations	12,858,452	15,216,468
Net income (loss):
Consolidated net income	8,679,571	10,692,174
Depreciation and amortization:
Consolidated depreciation and amortization	1,752,651	1,388,409
Interest expenses:
Consolidated interest expenses	1,297,102	1,183,580
Capital expenditures:
Consolidated capital expenditures	2,025,166	950,496
Subtotal
Revenues:
Revenue, Net	46,230,384	44,456,436
Gross profit:
Consolidated gross profit	16,867,399	16,952,975
Income (loss) from operations:
Consolidated income from operations	13,964,941	15,616,442
Net income (loss):
Consolidated net income	9,786,060	11,092,208
Yulong Bricks [Member]
Revenues:
Revenue, Net	15,586,654	14,956,906
Gross profit:
Consolidated gross profit	9,446,895	9,183,373
Income (loss) from operations:
Consolidated income from operations	9,112,875	9,133,974
Net income (loss):
Consolidated net income	6,872,096	6,840,465
Depreciation and amortization:
Consolidated depreciation and amortization	535,938	534,563
Interest expenses:
Consolidated interest expenses	513,819	507,425
Capital expenditures:
Consolidated capital expenditures	168,677	37,955
Yulong Concrete and Yulong Transport [Member]
Revenues:
Revenue, Net	29,967,622	29,499,530
Gross profit:
Consolidated gross profit	7,084,582	7,769,602
Income (loss) from operations:
Consolidated income from operations	6,042,286	6,964,743
Net income (loss):
Consolidated net income	4,159,835	4,838,486
Depreciation and amortization:
Consolidated depreciation and amortization	374,776	511,532
Interest expenses:
Consolidated interest expenses	486,507	475,385
Capital expenditures:
Consolidated capital expenditures	40,275	$ 7,293
Yulong Renewable [Member]
Revenues:
Revenue, Net	676,108
Gross profit:
Consolidated gross profit	335,922
Income (loss) from operations:
Consolidated income from operations	(1,190,220)	$ (482,275)
Net income (loss):
Consolidated net income	(1,245,871)	(586,743)
Depreciation and amortization:
Consolidated depreciation and amortization	841,937	342,314
Interest expenses:
Consolidated interest expenses	296,776	200,770
Capital expenditures:
Consolidated capital expenditures	1,816,214	905,248
Yulong Eco-Materials [Member]
Income (loss) from operations:
Consolidated income from operations	(1,106,489)	(399,974)
Net income (loss):
Consolidated net income	$ (1,106,489)	$ (400,034)

Segments (Details 1)

Segments (Details 1) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets	$ 77,598,465	$ 69,555,330
Yulong Bricks [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets	37,840,558	31,876,516
Yulong Concrete and Yulong Transport [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets	26,391,895	28,221,679
Yulong Renewable [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets	40,638,270	32,732,574
Interdivision assets [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets	(27,565,591)	(23,395,738)
Yulong Eco-Materials [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets	$ 293,333	$ 120,299

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Subsequent Event [Line Items]
Cash	$ 16,470,299	$ 19,732,770	$ 5,792,625
Total current assets	26,841,239	26,752,661
Total assets	77,598,465	69,555,330
Total current liabilities	30,807,152	13,616,232
Total liabilities	30,946,104	31,908,728
Total shareholder's equity	46,652,361	$ 37,646,602	$ 26,860,319
Pro Forma Adjusted [Member]
Subsequent Event [Line Items]
Cash	27,376,455
Total current assets	38,391,395
Total assets	89,148,621
Total current liabilities	21,322,920
Total liabilities	21,461,872
Total shareholder's equity	$ 67,686,749
Warrant Liabilities [Member]
Subsequent Event [Line Items]
Cash
Total current assets
Total assets
Total current liabilities	$ 475,380
Total liabilities	475,380
Total shareholder's equity	$ (475,380)
Stock Based Compensation [Member]
Subsequent Event [Line Items]
Cash
Total current assets	$ 40,000
Total assets	$ 40,000
Total current liabilities
Total liabilities
Total shareholder's equity	$ 40,000
Debt Conversion [Member]
Subsequent Event [Line Items]
Cash
Total current assets
Total assets
Total current liabilities	$ (9,959,612)
Total liabilities	(9,959,612)
Total shareholder's equity	9,959,612
Offering [Member]
Subsequent Event [Line Items]
Cash	10,906,156
Total current assets	11,510,156
Total assets	$ 11,510,156
Total current liabilities
Total liabilities
Total shareholder's equity	$ 11,510,156

Subsequent Events (Details 1)

Subsequent Events (Details 1) - USD ($)		12 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Revenues
Bricks		$ 15,586,654	$ 14,956,906
Concrete		29,967,622	29,499,530
Recycling		676,108
Total revenues		46,230,384	44,456,436
Cost of revenues
Bricks		6,139,759	5,773,533
Concrete		22,883,040	21,729,928
Recycling		340,186
Total cost of revenues		29,362,985	27,503,461
Gross profit		16,867,399	16,952,975
Operating expenses:
Selling		634,390	930,470
General and administrative		3,374,557	806,037
Total operating expenses		4,008,947	1,736,507
Income from operations		12,858,452	15,216,468
Other expenses		(1,280,862)	(1,265,147)
Income before income tax		11,577,590	13,951,321
Provision for income tax		2,898,019	3,259,147
Net income		8,679,571	10,692,174
Other comprehensive income
Foreign currency translation adjustments		326,188	94,109
Comprehensive income		$ 9,005,759	$ 10,786,283
Weighted average number of common shares
Basic and diluted	[1]	8,000,000	8,000,000
Earnings per share
Basic and diluted	[1]	$ 1.08	$ 1.34
Pro Forma Adjustment [Member]
Revenues
Bricks
Concrete
Recycling
Total revenues
Cost of revenues
Bricks
Concrete
Recycling
Total cost of revenues
Gross profit
Operating expenses:
Selling
General and administrative		$ 125,000
Total operating expenses		125,000
Income from operations		$ (125,000)
Other expenses
Income before income tax		$ (125,000)
Provision for income tax
Net income		$ (125,000)
Other comprehensive income
Foreign currency translation adjustments
Comprehensive income		$ (125,000)
Weighted average number of common shares
Basic and diluted	[2]	3,869,938
Pro Forma as Adjusted [Member]
Revenues
Bricks		$ 15,586,654
Concrete		29,967,622
Recycling		676,108
Total revenues		46,230,384
Cost of revenues
Bricks		6,139,759
Concrete		22,883,040
Recycling		340,186
Total cost of revenues		29,362,985
Gross profit		16,867,399
Operating expenses:
Selling		634,390
General and administrative		3,499,557
Total operating expenses		4,133,947
Income from operations		12,733,452
Other expenses		(1,280,862)
Income before income tax		11,452,590
Provision for income tax		2,898,019
Net income		8,554,571
Other comprehensive income
Foreign currency translation adjustments		326,188
Comprehensive income		$ 8,880,759
Weighted average number of common shares
Basic and diluted		11,869,938
Earnings per share
Basic and diluted		$ 0.72
[1]	Giving retroactive effect to the 4-for-5 reverse stock split effected on March 3, 2015.
[2]	On July 1, 2015, the Company had an option and warrants exercisable into 450,000 shares of the Company's ordinary shares in aggregate. Such instruments were excluded from the pro forma diluted earnings per share calculation due to the anti-dilution feature on July 1, 2015.

Subsequent Events (Details Text

Subsequent Events (Details Textual)	Jul. 01, 2015USD ($)AgreementMobileRecyclingStationshares	Jul. 01, 2015CNY (¥)shares
IPO [Member] | Ordinary shares [Member]
Subsequent Event [Line Items]
Granted shares	26,400
IPO [Member] | Convertible Debt [Member]
Subsequent Event [Line Items]
Granted shares	9,959,613
Over-Allotment Option [Member]
Subsequent Event [Line Items]
Granted shares	337,500
Warrants [Member]
Subsequent Event [Line Items]
Granted shares	112,500
Subsequent Event [Member]
Subsequent Event [Line Items]
Option excersiable	450,000	450,000
Warrants exercisable	450,000	450,000
Number of purchase agreements | Agreement	4
Number of mobile recycling stations | MobileRecyclingStation	4
Capital lease obligations business acquired	$ 6,000,000	¥ 36,400,000
Subsequent Event [Member] | IPO [Member]
Subsequent Event [Line Items]
Granted shares	2,250,000
Proceeds from issuance, gross | $	$ 14,062,500
Stock issuance cost | $	3,156,000
Proceeds from issuance, net | $	$ 10,900,000