EV Biologics (YECO) 10-Q 31 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2016	Aug. 31, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Yulong Eco-Materials Ltd
Entity Central Index Key	1,607,741
Trading Symbol	YECOF
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Type	10-Q
Document Period End Date	Dec. 31, 2016
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,017
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		12,055,324

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 2,477,713	$ 3,234,540
Restricted cash	500,000	500,000
Accounts receivable, net	4,534,312	5,728,334
Deposits and other receivables	1,108,500	1,002,713
Inventories	304,472	364,891
Advances to suppliers	247,093	222,239
Prepaid expenses and other	108,027	108,716
Total current assets	9,280,117	10,661,433
PROPERTY, PLANT AND EQUIPMENT, net	6,855,376	7,425,445
OTHER ASSETS
Other receivables, non-current	15,051,131	15,727,696
Prepayments, net	3,575	15,050
Prepaid expenses, non-current	50,000	50,000
Intangible assets, net	2,046,314	2,163,791
Deferred tax asset, net	638,113	388,970
Long-term deposit	10,255	10,716
Total other assets	17,799,388	18,356,223
Total assets	33,934,881	36,443,101
CURRENT LIABILITIES
Short-term loan - bank	5,429,929	5,674,011
Accounts payable, trade	1,372,238	1,710,881
Other payables and accrued liabilities	8,975,467	7,601,354
Other payables - related parties	1,814,727	1,965,237
Customer deposits	4,947,579	2,571,846
Taxes payable	1,438,392	1,498,083
Capital lease obligations	3,915,152	4,062,291
Dividends payable
Warrant liabilities	15,364	65,605
Total current liabilities	27,908,848	25,149,308
NON-CURRENT LIABILITIES
Capital lease obligations - non-current		28,852
Total liabilities	27,908,848	25,178,160
COMMITMENTS AND CONTINGENCIES
EQUITY
Common stock, $0.00125 par value, 100,000,000 shares authorized, 12,055,324 and 11,997,184 shares issued and outstanding at December 31, 2016 and June 30, 2016, respectively	15,070	14,997
Subscription receivable	(10,000)	(10,000)
Additional paid-in capital	40,635,090	40,497,594
Stock to be issued		37,500
Statutory reserves	3,922,228	3,922,228
Retained earnings	(37,055,501)	(31,978,194)
Accumulated other comprehensive loss	(1,480,854)	(1,219,184)
Total equity	6,026,033	11,264,941
Total liabilities and equity	$ 33,934,881	$ 36,443,101

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Dec. 31, 2016	Jun. 30, 2016
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	12,055,324	11,997,184
Common stock, shares outstanding	12,055,324	11,997,184

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
REVENUES
Bricks	$ 666,261	$ 3,431,281	$ 1,251,731	$ 7,466,382
Concrete	1,104,960	7,241,359	2,833,931	14,579,688
Recycling	12,169	1,919,020	501,758	3,896,458
TOTAL REVENUES	1,783,390	12,591,660	4,587,420	25,942,528
COST OF REVENUES
Bricks	535,768	1,533,857	947,459	3,319,481
Concrete	938,847	5,429,785	2,266,849	10,825,943
Recycling	15,845	838,435	168,953	1,561,760
TOTAL COST OF REVENUES	1,490,460	7,802,077	3,383,261	15,707,184
GROSS PROFIT	292,930	4,789,583	1,204,159	10,235,344
OPERATING EXPENSES:
Selling	62,643	106,262	142,464	250,910
Impairment loss on fixed assets and intangible assets	426,525		1,927,157
General and administrative	2,152,677	1,363,588	4,059,397	2,142,213
Total operating expenses	2,641,845	1,469,850	6,129,018	2,393,123
(LOSS)/INCOME FROM OPERATIONS	(2,348,915)	3,319,733	(4,924,859)	7,842,221
OTHER INCOME (EXPENSE), net
Bank charges	(533)		(985)
Interest income		26,134	2,941	46,037
Interest expense	(159,800)	(217,505)	(355,910)	(485,670)
Change in fair value of warrant liabilities	76,306	(205,425)	50,241	142,774
Foreign exchange transaction gain(loss)		3,699		(2,235)
Other finance expense		(341)		(16,851)
Penalty	(116)		(326)
Other income, net	753	155,842	75,608	205,176
Total other income (expense), net	(83,390)	(237,596)	(228,431)	(110,769)
(LOSS) INCOME BEFORE INCOME TAXES	(2,432,305)	3,082,137	(5,153,290)	7,731,452
PROVISION FOR INCOME TAXES	(193,774)	985,888	(75,983)	2,054,520
NET (LOSS)/INCOME	(2,238,531)	2,096,249	(5,077,307)	5,676,932
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments	(357,100)	(1,384,464)	(1,054,713)	(4,035,966)
COMPREHENSIVE (LOSS) INCOME	$ (2,595,631)	$ 711,785	$ (6,132,020)	$ 1,640,966
WEIGHTED AVERAGE NUMBER OF COMMON SHARES
Basic and diluted	12,055,324	11,869,938	12,041,105	11,869,938
(LOSSES) EARNINGS PER SHARE
Basic and diluted	$ (0.19)	$ 0.18	$ (0.42)	$ 0.48

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (5,077,307)	$ 5,676,932
Adjustments to reconcile net (loss) income to cash provided by operating activities:
Depreciation	275,913	1,152,720
Amortization	25,109	62,971
Deferred tax benefit	(273,652)	(110,945)
Change in fair value of warrant liabilities	(50,241)	(142,774)
Stock based compensation expense	100,069	145,000
Impairment loss on fixed assets & CIP	1,927,157
Provision for doubtful	1,800,677
Loss from disposal of equipment		1,909
Change in operating assets and liabilities
Accounts receivable	(825,357)	(1,315,806)
Deposits and other receivables	(153,278)	(1,067,778)
Inventories	46,030	(220,972)
Advances to suppliers	(35,421)	(9,076)
Prepaid expense and other		309,588
Accounts payable, trade	(272,798)	(899,889)
Other payables and accrued liabilities	1,581,080	71,201
Payroll payable	121,931
Customer deposits	2,559,094	80,110
Taxes payable	4,892	915,968
Net cash provided by operating activities	1,753,898	4,649,159
CASH FLOWS FROM INVESTING ACTIVITIES:
Payment for equipment, construction in progress and land use rights	(1,919,080)	(367,467)
Prepayment for land use rights		(5,398)
Proceeds from disposal of equipment		6,320
Prepayments for construction-in-progress		(55,377)
Repayments from related parties
Net cash used in investing activities	(1,919,080)	(421,922)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from short-term loans - bank		4,977,000
Payments of short-term loans - bank		(5,135,000)
Repayments to related parties	(104,656)	(208,215)
Principal payments on capital lease obligations		(526,964)
Proceeds from issuance of IPO shares, net		11,510,157
Net cash provided by (used in) financing activities	(104,656)	10,616,978
EFFECT OF EXCHANGE RATE ON CASH	(486,989)	(1,584,743)
CHANGES IN CASH AND CASH EQUIVALENTS	(756,827)	13,259,472
CASH AND CASH EQUIVALENTS, beginning of period	3,234,540	16,470,299
CASH AND CASH EQUIVALENTS, end of period	2,477,713	29,729,771
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income tax	187,900	1,622,865
Cash paid for interest	19,209	137,426
NON-CASH INVESTING AND FINANCING ACTIVITIES
Reclassification of construction-in-progress from prepayments-construction		187,251
Additions to property, plant and equipment, and construction-in-progress through other payables		763,949
Acquisition of machinery and equipment by capital leases		309,174
Repayments from related parties offset with other payables-related parties	1,505,109
Conversion of shareholders' debt to 1,593,538 ordinary shares		9,959,613
Issuance of ordinary shares for deferred compensation	37,500	20,000
Valuation of 112,500 warrants allocated to warrant liabilities from additional paid-in capital		475,380
Reclassification of payables for litigations from other payables-related parties		205,564
Other receivables-related parties offset with other payables-related parties	$ 1,767,144

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Parenthetical) (Unaudited)	6 Months Ended
	Dec. 31, 2015shares
Statement of Cash Flows [Abstract]
Conversion of debt to ordinary shares	1,593,538
Warrants allocated to warrant liabilities from additional paid-in capital	112,500

Nature of Business and Organiza

Nature of Business and Organization	6 Months Ended
	Dec. 31, 2016
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 owning all of the outstanding share capital of China Xing De (BVI) Limited (“Yulong BVI”). In turn, Yulong BVI is a holding company that owns all of the outstanding share capital of China Xing De (Hong Kong) Limited (“Yulong HK”). Yulong HK is also a holding company that owns 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 in April 2015, launched its construction waste management, or CWM, business which includes hauling and processing construction waste, and producing 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 CWM 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). On October 30, 2015, Pingdingshan Xulong Renewable Resource Co., Ltd. Shangqiu Branch was established and incorporated in the People’s Republic of China. The entity is wholly owned by Pingdingshan Xulong Renewable Resource Co., Ltd. (“Yulong Renewable”) and engages in construction waste hauling and processing for the city center in Shangqiu district. 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 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 three and six months ended December 31, 2016 and 2015, in accordance with Regulation S-X-3A-02 promulgated by the Securities Exchange Commission (“SEC”), and Accounting Standards Codification (“ASC”) 810-10, Consolidation The accompanying condensed 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 $9,935,303 fully funded Yulong Bricks ● A PRC limited liability company VIE by contractual ● Incorporated on September 20, 2006 arrangements ● Registered capital of $4,320,899 (RMB 30,000,000) fully funded Yulong Concrete ● A PRC limited liability company VIE by contractual ● Incorporated on December 7, 2004 arrangements ● Registered capital of $2,880,599 (RMB 20,000,000) fully funded Yulong Transport ● A PRC limited liability company VIE by contractual ● Incorporated on July 13, 2009 arrangements ● Registered capital of $1,441,740 (RMB 10,010,000) fully funded Yulong Renewable ● A PRC limited liability company VIE by contractual ● Incorporated on August 16, 2011 arrangements ● Registered capital of $8,641,797 (RMB 60,000,000) fully funded ● commenced operation in April 2015

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Summary of significant accounting policies	Note 2 – Summary of significant accounting policies Basis of presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information pursuant to the rules and regulations of the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the financial statements have been included. Interim results are not necessarily indicative of results to be expected for the full year. The information included in this Form 10-Q should be read in conjunction with information included in the Company’s annual report on Form 10-K for the year ended June 30, 2016, that was filed with the SEC on August 25, 2017. Principles of consolidation The condensed 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 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 condensed consolidated financial statements and footnotes. Significant accounting estimates reflected in the condensed consolidated financial statements include the useful lives and impairment of property, plant and equipment, collectability of receivables, realization of deferred tax assets, inventory valuation, warrant liabilities, stock-based compensation, and the present value of the net minimum lease payments of the capital lease. Actual results could differ from these estimates. Going concern consideration The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America which contemplate continuation of the Company as a going concern basis. The going-concern basis assumes that assets are realized and liabilities are extinguished in the ordinary course of business at amounts disclosed on the financial statements. The Company’s ability to continue as a going concern depends on the liquidation of its current assets. The Company’s operation scale particularly Yulong Renewable was significantly downsized since the first quarter of fiscal year 2017 due to Environment Protection Act passed by the central government of PRC and Blue Sky Action Plan implemented by the Henan province, PRC. The remaining business of Yulong Bricks and Yulong Concrete has not sufficiently made up the cessation of Yulong Renewable’s business which raises a substantial doubt about the Company’s ability to continue as a going concern. In an effort to maintain its financial position and operations, the Company has successfully entered into a remittance agreement with one of its vendors to refund the prepayment for one of its construction projects in an amount of $15.7 million (RMB104.5 million). Moreover, the Company is working to pursue the potential acquirers for Yulong Renewable’s business. Beginning January 2017, Yulong Bricks and Yulong Concrete gradually resumed their sales revenue by 15% from the Q1 and Q2 2017 level. The Company has initiated negotiations with its financial institutions and lessors to extend the due date of the loan and lease obligations. The founder has provided approximately $1.7 million (RMB 11.6 million) to fund the Company’s operations. The Company may also continue to raise fund through private placement or issuance of shares to support the Company’s operational needs. Management believes that the foregoing actions would enable the Company to continue as a going concern. 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 Translation adjustments included in accumulated other comprehensive income (loss) amounted to a loss of $(1,480,854) and $(1,219,184) as of December 31, 2016 and June 30, 2016, respectively. The balance sheet amounts, with the exception of equity, at December 31, 2016 and June 30, 2016 were translated at 6.94 RMB and 6.64 RMB to $1.00, respectively. The equity accounts were stated at their historical rate. The average translation rate applied to statements of operations and comprehensive (loss) income accounts for the three months ended December 31, 2016 and 2015 was 6.83 RMB and 6.39 RMB, respectively. The average translation rate applied to statements of operations and comprehensive (loss) income accounts for the six months ended December 31, 2016 and 2015 was 6.75 RMB and 6.33 RMB, respectively. 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 with state owned banks within the PRC and with banks in Hong Kong which are unrestricted as to withdrawal and use and have original maturities of less than three months. Balances at financial institutions or state owned banks within the PRC are not covered by insurance. Balances at financial institutions in Hong Kong may, from time to time, exceed Hong Kong Deposit Protection Board’s insured limits. As of December 31 and June 30, 2016, the Company had approximately $2,477,713 (RMB17,198,363) and $2,734,015 (RMB18,165,703), respectively, of cash deposits which were not covered by insurance. The Company has not experienced any losses in such accounts. Restricted cash Restricted cash consists of a third-party escrow account in the United States of America. The usage of the amount in the escrow account needs approval from the underwriter. Accounts and other receivables, net During the normal course of business, the Company extends unsecured credit to its customers and others. Management reviews its accounts and other receivables 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. For the years ended December 31, 2016 and June 30, 2016, the Company recorded in the aggregate of approximately $5.5 million and $3.9 of allowances for doubtful accounts against its accounts receivable and other receivables. The current year provision is based on the past due period over 9 months of its customers. 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 December 31, 2016 and June 30, 2016, 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. Property, plant and equipment Property, 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: (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. Otherwise, the lease will be treated as an operating lease. 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 condensed consolidated statements of operations and comprehensive (loss) 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. Management regularly reviews aging of prepayments and records an allowance when management believes collection of equipment 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. As December 31, 2016 and June 30, 2016, we recorded $2,650,508 (RMB 18,402,479) and $2,769,652 (RMB 18,402,479) reserve for prepayments. 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 the following Yulong operating companies 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. Due to the Air Pollution Control Act and Air Pollution Control Action Plan passed by the central government of PRC and the Blue Sky Action Plan implemented by the Henan Province of PRC in the fourth quarter of fiscal year 2016, Yulong Renewable placed its construction projects on hold since August 2016 and suspend its operation since January 2017. For the six months ended December 31, 2016, the Company recorded approximately $1.9 million (RMB13 million) impairment loss on Yulong Renewable’s construction-in-progress. As of December 31, 2016 and June 30, 2016, the impairment reserve for the long-lived assets (including construction-in-progress) was $48.5 million (RMB336.9 million) and $50.4 million (RMB 400.18 million). Fair Values of Financial Instruments ASC Topic 825, Financial Instruments 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 non-current capital lease obligations approximated their fair value using level 2 inputs by comparing the stated loan interest rate to the rate charged by the People’s Bank of China on similar loans. The following table sets forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2016: Carrying Fair value measurement at Level 1 Level 2 Level 3 Warrant liabilities $ 15,364 $ - $ - $ 15,364 Certain inputs used in the valuation of the Company’s warrants are observable and therefore considered level 2. However, as the Company is a newly listed public reporting company and thus lacks historical volatility data, management concluded that level 3 fair valuation measurement is appropriate. The following is a reconciliation of the beginning and ending balances of warrant liabilities measured at fair value on a recurring basis using observable inputs as of December 31, 2016: December 31, Beginning fair value $ 65,605 Recognized gain recorded in earnings 50,241 Ending fair value $ 15,364 Revenue recognition The Company recognizes revenue in accordance with ASC 605, Revenue Recognition Revenue from the Company’s brick and concrete businesses represents the invoiced value of goods, net of a value added tax (“VAT”). 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. 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 condensed consolidated financial statements. Revenue from the CWM business 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. CWM revenue also includes revenue from the following activities: ● Hauling construction waste. The Company operates a fleet of trucks to haul the waste, consisting primarily of bricks and concrete, from construction and demolition sites. Revenue is recognized upon completion of hauling per truckload. ● Processing construction waste at mobile recycling stations. Revenue is recognized either per cubic meter of waste processed or when processing at a jobsite is completed, depending on the contract terms. ● Subcontracting waste hauling projects. The Company occasionally subcontracts waste hauling projects, whereby the subcontractors are the primary obligors to complete these projects, and the Company does not have any general credit risk as the services are prepaid by the customers. Sales and subcontracting costs from these subcontract arrangements are recorded at the net amount in accordance with ASC 605-45. The Company started to generate such revenue subsequent to December 31, 2016 and the amount is expected to be immaterial to the Company’s consolidated revenues for the year ending June 30, 2016. 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 $18,739 and $58,403 for the three months ended December 31, 2016 and 2015, respectively, and $62,661 and $140,014 for the six months ended December 31, 2016 and 2015, respectively. Depreciation expense amounted to $2,052 and $3,851 for the three months ended December 31, 2016 and 2015, respectively, and $10,060 and $41,070 for the six months ended December 31, 2016 and 2015, 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 December 31, 2016 and June 30, 2016, $2,477,713and $2,734,540were 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 RMB 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 customer creditworthiness and ongoing monitoring of outstanding balances. The Company maintains reserves for estimated credit losses if necessary, and such losses have generally been within expectations. Customer and vendor concentration risk For the three months ended December 31, 2016, one customer accounted for 16% of the Company’s total revenues. For the three months ended December 31, 2015, no customer accounted for more than 10% of the Company’s total revenues. For the six months ended December 31, 2016 and 2015, one customer accounted for 12% of the Company’s total revenues. For the six months ended December 31, 2015, no customer accounted for more than 10% of the Company’s total revenues. As of December 31, 2016, two customers accounted for 24% and 16% of the Company’s total accounts receivable. As of June 30, 2016, two customers accounted for 26% and 19% of the Company’s total accounts receivable, respectively. For the three months ended December 31, 2016, four suppliers accounted for 43%, 22%, 13% and 13% of the Company’s total purchases, respectively. For the three months ended December 31, 2015, three suppliers accounted for 23%, 21%, 17% of the Company’s total purchases, respectively. For the six months ended December 31, 2016, four suppliers accounted for 31%, 16%, 15% and 13% of the Company’s total purchases, respectively. For the six months ended December 31, 2015, four suppliers accounted for 27%, 17%, 16% and 10% of the Company’s total purchases, respectively. As of December 31, 2016, four suppliers accounted for 23%, 22%, 13% and 10% of the Company’s accounts payable balances, respectively. As of June 30, 2016, five suppliers accounted for 21%, 19%, 16%, 16% and 11% of the Company’s accounts payable balances, respectively. 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 December 31, 2016, Yulong WFOE and the VIEs had each filed income tax returns in China for the years ended December 31, 2010 to 2015. All such tax returns are subject to examination by the Chinese taxing authorities. Warrant liabilities A contract is designated as an asset or a liability and is carried at fair value on a company’s balance sheet, with any changes in fair value recorded in a company’s results of operations. The Company then determines which options, warrants and embedded features require liability accounting and records the fair value as a derivative liability. The changes in the values of these instruments are shown in the accompanying condensed consolidated statements of operations and comprehensive (loss) income as “change in fair value of warrant liabilities”. The Company adopted the provisions of an accounting standard regarding instruments that are indexed to an entity’s own stock. This accounting standard specifies that a contract that would otherwise meet the definition of a derivative but is both (a) indexed to the Company’s ordinary shares and (b) classified in stockholders’ equity in the statement of financial position would not be considered a derivative financial instrument. It provides a new two-step model to be applied in determining whether a financial instrument or an embedded feature is indexed to an issuer’s own stock and thus able to qualify for the scope exception within the standards. All warrants issued with the strike price denominated in US dollar were recorded as derivative liability because the strike price of the warrants is denominated in US dollar, a currency other than the Company’s functional currency RMB. (Loss) earnings per share (Loss) earnings per share are calculated in accordance with ASC 260-10, Earnings per Share Comprehensive (loss) income Comprehensive (loss) 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 $27,762 and $41,111 for the three months ended December 31, 2016 and 2015, respectively, and $70,075 and $75,911 for the six months ended December 31, 2016 and 2015, respectively. Recent accounting pronouncements Revenue Recognition: In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. Revenue from Contracts with Customers (Topic 606), Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, Going Concern Uncertainties : Preparation of Financial Statements - Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern Inventory Financial Instruments: Financial Instruments–Overall (Subtopic825-10): Recognition and Measurement of Financial Assets and Financial Liabilities Leases Leases (Topic 842). Stock-based Compensation Statement of Cash Flows Statement of Cash Flows (Topic 230), Restricted Cash Business Combination: Stock-based Compensation Except for the ASU above, in the period from January 1, 2017 to August 2017, the FASB has issued ASU No. 2017-01 through ASU 2017-011, which are not expected to have a material impact on the consolidated financial statements upon adoption.

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Dec. 31, 2016
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 with respect to all of the Yulong operating companies, and again on June 24, 2015, but only with respect to Yulong Renewable. The significant terms of the Contractual Arrangements are summarized in “Note 1 - Nature of business and organization” above. As a result of the Contractual Arrangements, the Company classifies each Yulong operating company as a VIE. A VIE is an entity that has 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 The carrying amount of the VIEs’ consolidated assets and liabilities are as follows: December 31, June 30, Current assets $ 8,686,721 $ 10,068,142 Property, plant and equipment, net 6,855,376 7,425,445 Other non-current assets 17,749,388 18,306,223 Total assets 33,291,485 35,799,810 Total liabilities 35,156,028 33,130,293 Net assets $ (1,864,543 ) $ 2,669,517 The VIEs’ liabilities consist of the following: December 31, June 30, Current liabilities: Short-term loan - banks $ 5,429,929 $ 5,674,011 Accounts payable 1,372,238 1,710,881 Other payables and accrued liabilities 7,252,781 5,973,602 Other payables - related parties 1,395,630 1,907,458 Payroll payable 641,926 546,990 Customer deposits 4,947,580 2,571,846 Taxes payable 1,437,914 1,497,583 Capital lease obligations-current 3,915,152 4,062,291 Dividends payable 8,762.878 9,156,779 Total current liabilities 35,156,028 33,101,441 Non-current liabilities: Capital lease obligations-non-current - 28,852 Total non-current liabilities - 28,852 Total liabilities $ 35,156,028 $ 33,130,293 The operating results of the VIEs are as follows: Three Months Ended 2016 2015 Revenue $ 1,783,390 $ 12,591,660 Gross profit $ 292,930 $ 4,789,583 (Loss) income from operations $ (2,159,720 ) $ 3,757,562 Net (loss) income $ (2,125,484 ) $ 2,731,710 Six Months Ended 2016 2015 Revenue $ 4,587,420 $ 25,942,528 Gross profit $ 1,204,159 $ 10,235,344 (Loss) income from operations $ (4,487,642 ) $ 8,717,743 Net (loss) income $ (4,689,900 ) $ 6,410,043

Accounts Receivable, Net

Accounts Receivable, Net	6 Months Ended
	Dec. 31, 2016
Accounts Receivable, Net/ Deposits and Other Receivables [Abstract]
Accounts receivable, net	Note 4 – Accounts receivable, net Accounts receivable, net consists of the following for the years indicated: December 31, June 30, Accounts receivable $ 10,052,202 $ 9,666,112 Less: allowance for doubtful accounts (5,517,890 ) (3,937,778 ) Total accounts receivable, net $ 4,534,312 $ 5,728,334 Movement of allowance for doubtful accounts is as follows for the years indicated: December 31, June 30, Beginning balance $ 3,937,778 $ - Charge to expense (benefit) 1,800,677 4,067,144 Exchange rate effect (220,565 ) (129,366 ) Ending balance $ 5,517,890 $ 3,937,778

Deposits and Other Receivables

Deposits and Other Receivables	6 Months Ended
	Dec. 31, 2016
Accounts Receivable, Net/ Deposits and Other Receivables [Abstract]
Deposits and other receivables	Note 5 – Deposits and other receivables Deposits and other receivables consisted of the following: December 31, June 30, Refundable deposits for equipment purchase $ 516,522 $ 444,439 Deposit for outsourcing agreement (1) 129,627 235,176 Deposit for new project 205,027 63,739 Advances to employees (2) 231,176 240,474 Insurance compensation 15,336 15,874 Deposit with government agency 2,880 3,011 Deposits for construction in progress 7,932 - Total $ 1,108,500 $ 1,002,713 (1) In December 2011, Yulong Bricks agreed to outsource some brick production to Pingdingshan Hongrui New Construction Materials Co., Ltd., an unrelated third party, and paid approximately $129,627 (RMB 900,000) as security deposit, which is due on demand. (2) The Company entrusts funds to its employees to pay certain of its expenses in the normal course of business, particularly for projects or jobsites beyond Pingdingshan.

Inventories

Inventories	6 Months Ended
	Dec. 31, 2016
Inventories [Abstract]
Inventories	Note 6 – Inventories Inventories consisted of the following: December 31, June 30, Raw materials $ 235,600 $ 285,459 Semi-finished byproduct 32,370 34,236 Finished goods 36,502 45,196 Total inventories $ 304,472 $ 364,891 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.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	6 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment, Net [Abstract]
Property, plant and equipment, net	Note 7 – Property, plant and equipment, net Property, plant and equipment consisted of the following: December 31, June 30, Building and improvements $ 23,671,159 $ 24,735,204 Machinery and equipment 7,020,145 7,335,708 Machinery and equipment under capital lease 2,009,509 2,099,839 Transportation equipment 818,793 855,598 Transportation equipment under capital lease 2,572,005 2,687,620 Office equipment 105,261 109,993 Construction-in-progress 27,820,299 27,111,181 Subtotal 64,017,171 64,935,143 Less: impairment loss on fixed assets & CIP (48,530,609 ) (48,755,558 ) Less: accumulated depreciation (8,631,186 ) (8,754,140 ) Total $ 6,855,376 $ 7,425,445 As of December 31, 2016 and June 30, 2016, Yulong Renewable has impairment reserves for its building and improvements, machinery and equipment, transportation equipment and construction-in-progress of $48,530,609 and $48,755,558, respectively. Construction-in-progress represents labor costs and materials incurred in connection with the construction of office building, employee facilities, equipment and machinery for Yulong Renewable, office building for Yulong Concrete, and an autoclave for Yulong Bricks. No depreciation is provided for construction-in-progress until it is completed and placed into service. Approximately in the fourth quarter of 2016, the central government of the People’s of Republic of China passed Air Pollution Control Act and enforced Air Pollution Control Action Plan. The province of Henan of People’s Republic of China implemented “Province of Henan Blue Sky Action Plan” on various industries such as construction materials, coal mining. Due to the Air Pollution Control Act and Blue Sky Action Plan, Yulong Renewable is required to comply with the new environmental regulations and its construction projects were placed on hold since August 2016. Yulong Renewable CIP primarily included the following projects: Yulong Renewable commenced a construction of the waste recycling plant and brick production plant in 2015. Total budget for these constructions is approximately $44.4million, of which approximately $7.8 million (RMB 54.4 million) was transferred to fixed assets in the fiscal year ended June 30, 2016. The entity placed the plant construction on hold in August 2016 and accordingly, provided an impairment reserve for the related construction-in-progress amount, $7.4 million (RMB 51.6 million) during the fiscal year ended June 30, 2016. In March 2016, the Company commenced a construction of environmental product testing and solid waste resource utilization center in Zhengzhou, PRC. Total budget for the construction of this center is approximately $43.2 million (RMB 300 million). During the fiscal year ended June 30, 2016, the Company has incurred approximately $33.4 million (RMB 231.7 million) in construction-in-progress pertinent to this construction. For the six months ended December 31, 2016, the Company paid an additional $1.8 million (RMB 13 million) related to this construction project and included such amount in the construction-in-progress. In August 2016, the Company placed this construction project on hold. In July 2017, the Company signed a cancellation agreement with the contractor by which the project prepayment, $15.0 million (RMB 104 million) will be refundable by the contractor in five (5) equal installments commencing in July 2017. The remaining construction-in-progress balance related to this construction, approximately $20.1 million (RMB139.8 million), is considered suspended and the Company provided an impairment reserve the entire amount, $20.1 million (RMB 139.8 million). Construction-in-progress consisted of the following as of December 31, 2016: Construction-in-progress description Value Estimated Estimated Office buildings, staff facilities, equipment and machinery $ 7,049 Early 2018 $ - Actoclave installation $ 6,801 Early 2018 $ - Total $ 13,850 $ - Depreciation expense is $0 and $584,706 for the three months ended December 31, 2016 and 2015, respectively, and $0 and $1,152,720 for the six months ended December 31, 2016 and 2015, respectively. Machinery and equipment under capital lease In March 2014, the Company entered into a lease agreement with a third party to lease an excavator for two years for approximately $130,814 (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). As of December 31, 2016, the outstanding balance of the capital lease obligation is $27,307 (RMB 189,591). In March 2014, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $49,803 (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). The Company paid off the lease in the fiscal year ended June 30, 2016 and the ownership of the machines was transferred to the Company. In September 2014, the Company entered into a lease agreement with a third party to lease an excavator for two years for approximately $185,078 (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. As of December 31, 2016, the outstanding balance of the capital lease obligation is $131,108 (RMB 910,283). In September 2014, the Company entered into a lease agreement with a third party to lease an excavator for two years for approximately $128,187 (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 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. As of December 31, 2016, the outstanding balance of the capital lease obligation is $90,806 (RMB 630,467). In September 2014, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $48,826 (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. In May 2016, the lessor verbally agreed to extend the due date to October 2016. As of December 31, 2016, the outstanding balance of the capital lease obligation is $37,067 (RMB 257,354). In September 2014, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $48,682 (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. As of December 31, 2016, the outstanding balance of the capital lease obligation is $36,957 (RMB 256,594). In June 2015, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $47,530 (RMB 330,000). The lease requires a one-time payment of $15,210 (RMB105,600) which includes $4,753 (RMB 33,000) as a security deposit paid in June 2015, monthly lease payments of approximately $2,257 (RMB 15,673) from August 2015 to Jan 2017, with interest rate per annum of 9.525%. 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. In June 2015, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $48,394 (RMB 336,600). The lease requires a down payment of $15,486 (RMB107,520) which includes $4,839 (RMB 33,600) as a security deposit paid in June 2015, monthly lease payments of approximately $2,298 (RMB 15,958) from August 2015 to Jan 2017, with interest rate per annum of 9.525%. 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. In June 2015, the Company entered into a lease agreement with a third party to lease a digging machine for eighteen months for approximately $130,814 (RMB 908,240). The lease requires a down payment of $33,392 (RMB 231,840) which includes $5,127 (RMB 35,600) security deposit paid in June 2015, monthly lease payments of approximately $4,676 (RMB 32,462) from August 2015 to July 2017, with interest rate per annum of 9.6%. 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. In June 2015, the Company entered into a lease agreement with a third party to lease a digging machine for eighteen months for approximately $130,814 (RMB 908,240). The lease requires a one-time down payment of $33,392 (RMB 231,840) which includes $5,127 (RMB 35,600) security deposit paid in June 2015, monthly lease payments of approximately $4,676 ($32,462) from August 2015 to July 2017, with interest rate per annum of 9.6%. 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. 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 $592,569 (RMB 4,114,208), including $45,802 (RMB 318,000) as security deposits and $59,772 (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. The Company placed these machines into service in June 2013, and they have accordingly been capitalized. 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 $580,041 (RMB 4,027,225), including $45,802 (RMB 318,000) as security deposits and $50,122 (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. As of December 31, 2016, the amount outstanding was $117,102 (RMB 813,036). In January 2014, the Company entered into a memorandum of understanding to lease 100 waste hauling trucks with a third party for approximately $60,205 (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 $1,600,893 (RMB 11,115,000), or approximately $53,363 (RMB 370,500) per truck. The lease also requires a one-time payment of $337,030 (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. The Company recognized approximately $0 and $195,000 of depreciation expense related to the above capital lease equipment for the years ended December 31, 2016 and 2015, respectively, and $0 and $383,000 for the six months ended December 31, 2016 and 2015, respectively. The carrying value of assets under capital leases consisted of the following: December 31, June 30, Machinery and equipment $ 2,009,509 $ 2,099,839 Transportation equipment 2,572,005 2,687,620 Subtotal 4,581,514 4,787,459 Less: accumulated depreciation (1,618,837 ) (1,691,606 ) Less: impairment reserve (2,962,677 ) (3,095,853 ) Total $ - $ -

Prepayments

Prepayments	6 Months Ended
	Dec. 31, 2016
Prepayments [Abstract]
Prepayments	Note 8 – Prepayments Prepayments consisted of the following: December 31, June 30, Prepayment for equipment purchase $ 14,403 $ 15,050 Prepayment for construction (1) 2,639,680 2,769,652 Subtotal 2,654,083 2,784,702 Reserve for prepayment (2,650,508 ) (2,769,652 ) Prepayment, net $ 3,575 $ 15,050 (1) (a) Prepayment for construction in advance was made in connection with the construction factory of Yulong Renewable. We had prepaid the construction fees in advance approximately $2,650,508 (RMB18,402,479) and $2,769,652 (RMB18,402,479) as of December 31 and June 30, 2016, respectively, to our construction vendors, Henan Sanjian and Henan Guangshen. Due to the new environmental regulations and policies implemented by the central government of PRC and the Environmental Protection Bureau of Henan Province (see Note 7), the factory construction project was placed on hold since August 2016. We placed a reserve for the entire amount of the prepaid construction fee, $2,650,508 (RMB18,402,479) and $2,769,652 (RMB 18,402,479) as of December 31 and June 30, 2016, respectively, as there is an uncertainty in the refundable status of the construction vendors.

Intangibles, Net

Intangibles, Net	6 Months Ended
	Dec. 31, 2016
Intangibles, Net [Abstract]
Intangibles, net	Note 9 – Intangibles, net Intangible assets consisted of the following: December 31, June 30, Land use rights $ 4,635,105 $ 4,843,458 Less: accumulated amortization (431,785 ) (425,701 ) Less: impairment reserve (2,157,006 ) (2,253,966 ) Total $ 2,046,314 $ 2,163,791 Land use rights 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 $4,376,869 (RMB 30,388,600) and incurred $257,977 (RMB 1,791,136) 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 of each land use right will be accounted for as lease expense over 50 years, which will expire in December 2058 with respect to Yulong Bricks’ and Yulong Concrete’s rights, and in March 2065 with respect to Yulong Renewable’s right, until the Company can complete their transfer registrations. Amortization expense for the three months ended December 31, 2016 and 2015 amounted to $12,400 and $25,070 respectively, and $25,109 and $62,971 for the six months ended December 31, 2016 and 2015, respectively. The estimated amortization expenses for each of the five succeeding years is as follows: Year ending December 31, Estimated 2017 $ 50,220 2018 50,220 2019 50,220 2020 50,220 2021 50,220 Thereafter 1,795,214 Total $ 2,046,314

Short-Term Loans

Short-Term Loans	6 Months Ended
	Dec. 31, 2016
Short-Term Loans [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: December 31, June 30, Loan from Pingdingshan Bank, which was originally due in April 2015, with loan amount $576,120 (RMB 4,000,000) and annual interest of 12%. The Company repaid $259,254 (RMB 1,800,000) in April 2015 and obtained the Bank’s approval to extend the remaining $316,866 (RMB 2,200,000) until April 2016. Interest rate is 11.5% per annum. The loan is guaranteed by Yulong Bricks, the executive director of Yulong Bricks, a third party, the Company founder and his relatives. The company is settling with the bank on loan extension subsequently. $ 316,866 $ 331,109 Loan from Pingdingshan Rural Credit Cooperative Union, matures in July 2016. Interest rate is 12.1% per annum. The loan is guaranteed by Yulong Bricks, Yulong Renewable, the founder and a company that he owns. The company repaid the loan by the new loan in January, 2017 and the interest rate is 10.8% per annum. 2,088,433 2,182,313 Loan from Pingdingshan Bank, orginal loan amount $648,135 (RMB 4,500,000), at an interest rate 8.73% per annum, matures in August 2016. The loan is guaranteed by Yulong Bricks, the executive director of Yulong bricks, his relative and a third party. The Company is settling with the bank on loan extension subsequently. 648,135 677,269 Loan from Pingdingshan rural credit cooperative union, original loan amount $648,135 (RMB 4,500,000) at an interest rate 9%, matures in August 2017. The loan is guaranteed by Yulong Concrete, Yulong Bricks and the company’s founder. The Company is settling with the bank on loan extension subsequently. 648,135 677,269 Loan from China Construction Bank, original loan amount $576,120 (RMB4,000,000), matures in June 2016. Interest rate is 6.4% and 9.6% per annum as of June 30, 2016 and December 31, 2016, respectively. Guaranteed by Yulong Concrete and a third party. The company is settling with the bank on loan extension subsequently. 576,120 602,017 Loan from Pingdingshan Bank, original loan amount $576,120 (RMB4,000,000), matures in September 2016. Interest rate is 8.3% per annum. Guaranteed by Yulong Concrete, Yulong Industry and Yulong Renewable. The Company is settling with the bank on loan extension subsequently. 576,120 602,017 Loan from Pingdingshan Bank, original loan amount $576,120 (RMB4,000,000), matures in March 2017. Interest rate is 8.7% per annum. Guaranteed by Yulong Renewable, Yulong Industry and Yulong Concrete. The company is settling with the bank on loan extension subsequently. 576,120 602,017 Total short-term loans - bank $ 5,429,929 $ 5,674,011 Interest expense on debts for the three months ended December 31, 2016 and 2015 amounted to $156,789 and $180,560, respectively, and $347,175 and $405,271 for the six months ended December 31, 2016 and 2015, 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	6 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related party transactions	Note 11 – Related party transactions 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. Other payables - related parties consisted of the following: Name of related parties Relationship Nature of December 31, June 30, Yulong Zhu Founder Loan for operating cash flows $ 1,688,383 $ 1,488,794 (1) Henan Yuliang Hotel Co., Ltd. Owned by founder Loan for operating cash flows - 15,050 Lei Zhu Relative of founder Loan for operating cash flow - 461,393 (2) Total other payables $ 1,688,383 $ 1,965,237 (1) Converted approximately $1.5 million into 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 IPO 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.

Capital Lease Obligations

Capital Lease Obligations	6 Months Ended
	Dec. 31, 2016
Capital Lease Obligations [Abstract]
Capital lease obligations	Note 12 – Capital lease obligations Capital lease obligations consisted of the following: December 31, June 30, Lease obligations for ten waste hauling trucks expired May 2015, lease payment at $23,167 (RMB160,847) per month with interest at 18.2% per annum. The lease obligation was extended to December 2015 and paid off. $ - $ - Lease obligations for ten waste hauling trucks expired June 2015, lease payment at $28,183 (RMB195,676) and $14,500 (RMB100,676) 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 for the unpaid balance to June 2016. The Company is arranging repayment plan with the lessor subsequently. 117,102 122,366 Lease obligations for a loader expired in November 2015, lease payment at $2,319 (RMB16,101) per month with interest at 8.5% per annum. The lease obligation was paid off. - - Lease obligations for an excavator expiring in May 2016, lease payment at $4,676 (RMB32,462) per month with interest at 8.8% per annum. The Company is arranging repayment plan with the lessor subsequently. 27,307 28,535 Lease obligations for thirty waste hauling trucks expiring in July 2016, lease payment at $78,359 (RMB544,050) per month with interest at 15.6% per annum. The Company is arranging repayment plan with the lessor. 1,385,920 1,449,258 Lease obligation for a loader expired in April 2016, lease payment at $2,319 (RMB16,101) per month with interest at 8.3% per annum. In May 2016, the lessor verbally agreed to extend the due date for the unpaid balance to October 2016. The Company is arranging repayment plan with the lessor subsequently. 37,067 38,733 Lease obligation for a loader expired in April 2016, lease payment at $2,312 (RMB16,053) per month with interest at 8.3% per annum. In May 2016, the lessor verbally agreed to extend the due date for the unpaid balance to October 2016. The Company is arranging repayment plan with the lessor subsequently. 36,957 38,619 Lease obligation for an excavator expiring in October 2016, lease payment at $6,751 (RMB46,870) per month with interest at 8.7% per annum. The Company is arranging repayment plan with the lessor subsequently. 131,108 137,504 Lease obligation for an excavator expiring in October 2016, lease payment at $4,676 (RMB32,462) per month with interest at 8.7% per annum. The Company is arranging repayment plan with the lessor subsequently. 90,806 95,236 Lease obligation for a land use right which the Company expects to pay in full by June 30, 2017. 1,844,586 1,927,500 Lease obligation for an excavator commenced on August 1, 2015 expiring on July 1, 2017, total obligation is approximately $145,604 (RMB1,010,928), lease payment at $4,676 (RMB32,462) per month with interest at 9.593%. The Company is arranging repayment plan with the lessor subsequently. 91,690 98,587 Lease obligation for an excavator commenced on August 1, 2015 expiring on July 1, 2017, total obligation is approximately $145,604 (RMB1,010,928), lease payment at $4,676 (RMB32,462) per month with interest at 9.593%. The Company is arranging repayment plan with the lessor subsequently. 91,690 98,587 Lease obligation for a loader commenced on August 1, 2015 expiring on January 1, 2017, total obligation is approximately $56,858 (RMB394,764), lease payment at $2,298 (RMB15,958) per month with interest at 9.525% The Company is arranging repayment plan with the lessor subsequently. 32,491 34,672 Lease obligation for a loader commenced on August 1, 2015 expiring on July 1, 2017, total obligation is approximately $55,842 (RMB387,714), lease payment at $2,257 (RMB15,673) per month with interest at 9.525%. The Company is arranging repayment plan with the lessor subsequently. 31,910 34,052 Subtotal 3,918,634 4,103,649 Less: deferred interest (3,482 ) (12,506 ) Capital lease obligations, net 3,915,152 4,091,143 Less: capital lease obligations - current (3,915,152 ) (4,062,291 ) Capital lease obligations – non-current $ - $ 28,852 “As of December 31, 2016 and June 30, 2016, the Company has accrued interest of $72,017 and $66,388, 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 six months ended December 31, 2016 and 2015 amounted to $8,735 and $80,399, respectively”. Future annual capital lease payments approximately consist of the following: Twelve months ending December 31, December 31 June 30 2017 $ 3,915,152 $ 4,062,291 2018 - 28,852 Total $ 3,915,152 $ 4,091,143

Taxes

Taxes	6 Months Ended
	Dec. 31, 2016
Taxes [Abstract]
Taxes	Note 13 – Taxes Income taxes Cayman Islands Yulong Eco-Materials is incorporated in the Cayman Islands and is not subject to tax on income or capital gains under current Cayman Islands law. 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 is not subject to tax on income or capital gains under current British Virgin Islands law. 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 Hong Kong and is subject to Hong Kong Profits Tax on the taxable income as reported in its 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 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 three months ended 2016 2015 Current $ (20,978 ) $ 1,039,903 Deferred (172,795 ) (54,015 ) Total provision for income taxes $ (193,773 ) $ 985,888 For the six months ended 2016 2015 Current $ 197,669 $ 2,165,465 Deferred (273,651 ) (110,945 ) Total provision for income taxes $ (75,982 ) $ 2,054,520 Effective Tax Rate The Company’s effective tax rate was 1.5% and 23.0% for the six months ended December 31, 2016 and 2015, respectively. The Company’s effective tax rate was 8.0% and 32.0% for the three months ended December 31, 2016 and 2015, respectively. The decrease in our effective tax rate is primarily attributable to the pre-tax loss, change in valuation allowance related to deductible temporary differences and net operating loss and increase in non-deductible items. Deferred taxes Significant components of deferred tax assets and liabilities are as follows: December 31, December 31, Deferred tax assets Startup cost $ 192,562 $ 206,026 Property, plant and equipment 95,415 414,902 Intangible assets (56,538 ) (42,138 ) Staff Education 1,429 - Provision for doubtful accounts 1,379,472 - Others - 19,060 Impairment reserve for long-lived assets, CIP and prepayment 13,334,531 - Net operating loss carryforward in China 442,310 45,674 Total deferred tax assets 15,389,181 643,524 Valuation allowance (14,751,068 ) (45,674 ) Total deferred tax assets, net $ 638,113 $ 597,850 Uncertain tax positions Aggregate undistributed earnings of Yulong WFOE and the VIEs that are available for distribution to the Company are approximately $0 and $29.5 million as of December 31, 2016 and 2015 respectively. 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 December 31, 2016 and 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 December 31, 2016 and June 30, 2016. Management does not anticipate any potential future adjustments in the next twelve months which would result in a material change to its tax positions. 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 (“VAT”) in accordance with PRC laws. The standard VAT 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 were eligible for VAT tax exemption under the PRC law of [2008] No. 156. The new PRC law of [2015] No. 78, however, replaced [2008] No. 156 and Yulong Bricks’ products are now subject to a VAT rate of 17%, with 70% of the tax being refundable. Under the same law, Yulong Renewable is required to pay VAT rate of 17% for its recycled bricks and recycled aggregates, and 11% for its hauling services. 70% of the tax on recycled bricks and hauling services, and 50% of the tax on recycled aggregates, are refundable. 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% since November 2014 because under the PRC law of [2014] No. 57, concrete products that use cement as raw material are eligible for a reduced VAT rate of 3%. Taxes payable Taxes payable consisted of the following: December 31, June 30, Income taxes payable $ 1,086,986 $ 1,126,157 VAT taxes payable 201,191 223,307 Other taxes payable 150,215 148,619 Total $ 1,438,392 $ 1,498,083

Equity

Equity	6 Months Ended
	Dec. 31, 2016
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 accompanying condensed 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. Yulong WFOE and the VIEs are each 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. The VIEs may each 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 the State Administration of Foreign Exchange. As of December 31, 2016 and June 30, 2016, Yulong WFOE and the VIEs collectively appropriated $3,922,228 and $3,922,228 of retained earnings for their statutory reserves. 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 December 31, 2016 and June 30, 2016, the aggregate net liabilities of Yulong WFOE and the VIEs amounted to $1,251,609 and the aggregate net assets is $3,453,575, respectively. Initial Public Offering On July 1, 2015, the Company completed the IPO of 2,250,000 shares of its ordinary shares for gross proceeds of $14,062,500 and, less costs of $2,552,343, for net proceeds of $11,510,157. In connection with the closing of the IPO, the Company: ● granted a 45-days option to its underwriters to purchase up to 337,500 shares of ordinary shares, to cover over-allotments, which expired on August 15, 2015 without being exercised; ● 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 (the “warrants”); ● granted 26,400 shares of ordinary shares in the aggregate to its CFO (20,000 shares vested concurrently with the closing of IPO) and two non-executive board members (3,200 shares each vesting quarterly from the closing of IPO) at $6.25 per share and valued at $165,000 in total; and ● converted $9,959,613 in indebtedness to five shareholders, including its founder, into 1,593,538 shares of ordinary shares. Stock-based compensation expenses amounted pertinent to the initial public offering to $0 and $10,000 for the three months ended December 31, 2016 and 2015, and $0 and $145,000 for the six months ended December 31, 2016 and 2015. 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, including dividends payable and due to related parties, 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. Warrants The Company follows the provisions of the accounting standard relating to instruments that are indexed to an entity’s own securities. This accounting standard specifies that a contract that would otherwise meet the definition of a derivative but is both (a) indexed to the Company’s ordinary shares and (b) classified in stockholders’ equity in the statement of financial position would not be considered a derivative financial instrument. The Company determined its warrants would be recorded as derivative instruments on the issuance dates because the strike price of the warrants is denominated in US dollars, a currency other than the Company’s functional currency RMB. Therefore the warrants are not considered indexed to the Company’s ordinary shares, and as such, all changes in the fair value of these warrants are recognized currently in earnings from the issuances date until such time as the warrants are exercised or expire. The value of the warrant liabilities was $15,364 at December 31, 2016 and $475,380 at the issuance date on July 1, 2015. The decrease resulted in a $50,241 gain on change in fair value of warrants for the six months ended December 31, 2016. Because the warrants are not traded on an active securities market, the Company estimates their fair value using the Cox-Ross-Rubinstein binomial model on December 31, 2016 and on July 1, 2016 as follows: December 31, July 1, Number of shares exercisable 112,500 112,500 Exercise price $ 6.25 $ 6.25 Stock price $ 0.88 $ 6 Expected term (years) 3.50 5.00 Risk-free interest rate 1.76 % 1.63 % Expected volatility 80.63 % 92 % Due to the short trading history of the Company’s ordinary shares, the expected volatility is based primarily on other similar public companies’ historical volatilities, which are traded on United States stock markets. Historical volatility was computed using daily pricing observations for recent periods that correspond to the term of the warrants. The Company believes this method produces an estimate that is representative of the Company’s expectations of future volatility over the expected term of the warrants. The Company currently has no reason to believe future volatility over the expected remaining life of the warrants is likely to differ materially from historical volatility. The expected life is based on the remaining term of the warrants. The risk-free interest rate is based on U.S. Treasury securities according to the remaining term of the warrants. A summary of changes in warrant activity is presented as follows: Six Months Ended Weighted Average Outstanding, beginning balance - - - Granted 112,500 $ 6.25 5.00 Forfeited - - - Exercised - - - Outstanding, ending balance 112,500 $ 6.25 3.50 Stock-based compensation – consulting services On January 19, 2016, the Company’s board of directors approved the following issuances of restricted shares of the Company’s ordinary shares: ● 31,279 shares to a consultant for services pertaining to business growth and strategies for the calendar years ending December 31, 2017 and 2016; and ● 95,967 shares to a consultant for services rendered previously and for the fiscal quarter ended March 31, 2016 pertaining to financial reporting and internal control over financial reporting. The shares were valued at $3.20 per share, based on the average closing price of the ordinary shares for the three months immediately preceding the board’s approval. On July 6, 2016, the Company entered into a consulting agreement for services in conjunction with the pre-audit and consulting services for the periods ended June 30, 2016, September 30, 2016, December 31, 2016 and March 31, 2017. Total service fee is $150,000 or $37,500 per quarter and will be settled in a form of stock-based payment equivalent to 58,140 shares of the Company’s common stock. The shares were valued at $2.58 per share based on the average closing price of the ordinary shares on the date the service agreement was entered. On August 15, 2016, an aggregate of 58,140 shares of our ordinary shares were issued in reliance upon the exemption from securities registration under Section 4(a)(2) of Securities Act of 1933 to this financial consultant. Stock-based compensation expenses for consulting services amounted to $50,103 and $0 for the three months ended December 31, 2016 and 2015, and $100,069 and $0 six months ended December 31, 2016 and 2015.

(Loss) Earnings Per Share

(Loss) Earnings Per Share	6 Months Ended
	Dec. 31, 2016
(Loss) Earnings Per Share [Abstract]
(Loss) Earnings Per Share	Note 15 – (Loss) earnings per share The basic and diluted (loss) earnings per share are as follows: For the For the Net (loss) income $ (2,238,531 ) $ 2,096,249.00 Weighted average shares outstanding - basic and diluted 12,041,105 11,869,938.00 (Loss) earnings per share - basic and diluted $ (0.19 ) $ 0.18 For the For the Net (loss) income $ (5,077,307 ) $ 5,676,932.00 Weighted average shares outstanding - basic and diluted 12,041,105 11,869,938.00 (Loss) earnings per share - basic and diluted $ (0.42 ) $ 0.48 Warrants outstanding for the three months and six months ended December 31, 2016 and 2015 were not included in the dilutive shares calculation because the average per share price of the Company’s ordinary shares for the three months and six months ended December 31, 2016, was below the exercise price of the warrants.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Commitments and contingencies	Note 16 – Commitments and contingencies Contingencies From time to time, the Company may be subject to certain legal proceedings, claims and disputes that arise in the ordinary course of business. Although the outcomes of these legal proceedings cannot be predicted, the Company does not believe these actions, in the aggregate, will have a material adverse impact on its financial position, results of operations or liquidity. As of December 31, 2016, three of the four Yulong operating companies were parties to 32 civil lawsuits with judgment amounts of approximately $3,722,230 (RMB 25,843,441) in the aggregate, of which unpaid amounts of approximately $103,878 (RMB 721,225) has already been included in capital lease obligations regarding lease agreement for purchasing 10 vehicles from Xuchang Tongli, and approximately $24,309 (RMB168,780) already included in violation of laws and regulations, approximately $332,850 (RMB2,310,979) already included in bank loans, and approximately $402,177 (RMB 2,792,317) already included in other payables as of December 31,2016. The remaining balances included $1,743,388 (RMB 12,104,346) related to the guarantee with details disclosed in notes ‘Guarantees’, and $991,371 (RMB 6,883,086) was pertinent to legal actions filed by various individuals. Subsequent to December 31, 2016, three of four Yulong operating companies were prone to 4 civil lawsuits with judgment amounts of approximately $51,906 (RMB 360,381) in the aggregate, of which unpaid amounts of approximately $51,906 (RMB 360,381) was pertinent to legal actions filed by various individuals. Illegal occupation of land On October 18, 2016, Pingdingshan Land Resources Bureau filed a legal action with the district court to enforce the execution of Ping Guo Tu Zi Fa Zi (2016) no.65 Administrative Penalty Decision that the Company shall: (1) return 7,137.26 square meters of land which the Company occupied illegally; (2) dismantle the new buildings and other facilities on the 7,137.26 square meters of land which the Company occupied illegally, and restore the original appearance of the land; (3) pay a fine on the basis that illegal occupation of 5,951.4 square meters of general cultivated land at a fine of RMB 16.00 per square meter, i.e. $13,714.88 (RMB 95,222.40), and 1,185.86 square meters of other land fines per square meter RMB 3.00, i.e. $512.40 (RMB 3,557.58), resulting in a total of $14,227.28 (RMB 98,779.98). On November 29, 2016, Pingdingshan Environmental Protection Bureau applied to the court to enfore the execution of Ping Huan Fa Zi (2015) no.26 Administrative Penalty Decision that the Company shall: (1) cease its trial production; (2) pay a fine of $10,082.10 (RMB 70,000). Total unpaid amounts related to illegal occupation of land were therefore $24,309 (RMB 168,780). Purchase commitment On November 10, 2012, the Company entered into a sales and purchase contract with an unrelated third party, Xian Oriental Fuxing Machinery Co., Ltd (“Xian Oriental Fuxing”) with a contract amount of $410,844 (RMB 2,790,000). As of June 30, 2016, the Company already paid $280,858 (RMB 1,950,000) to Xian Oriental Fuxing. According to the result of the judgment published on September 24, 2016, the court ruled that the Company lost the case and was required to pay the remaining amount of $120,985 (RMB 840,000) and litigation costs of $3,271 (RMB 22,708). Guarantees As of December 31, 2016, the Company guaranteed approximately $2.9 million for a bank loan of an unrelated third-party as follows: Name Guaranteed Guarantee expiration date Pingdingshan Yushi Automobile Accessory Sales Co., Ltd (1) $ 1,204,034 December 29, 2016 Pingdingshan Orr Business Co., Ltd (2) 1,743,388 January 5, 2018 Total $ 2,947,422 (1) The Company did not, however, accrue any liability in connection with such guarantee because the borrower has been current in its repayment obligations and the Company has not experienced any loss from providing such guarantees in the past. The Company has evaluated the guarantee and has concluded that the likelihood of it having to make payments under the guarantee is remote and that the fair value of the stand-ready obligation under such commitment is not material. (2) According to the result of the judgment published on March 16, 2017, the court ruled that the borrower lost the case and was required to return the borrowings of $1,728,359 (RMB 12 million) and the payment of $15,029 (RMB 104,346) in litigation costs. As the loan term being from January 5, 2015 to January 6, 2016, and the guarantee expires on January 5, 2018, the Company has accrued a liability in connection with such guarantee. 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	6 Months Ended
	Dec. 31, 2016
Segments [Abstract]
Segments	Note 17 – Segments The Company follows ASC 280, Segment Reporting 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 three months ended December 31: Revenues: 2016 2015 Yulong Bricks $ 666,261 $ 3,431,281 Yulong Concrete and Yulong Transport 1,104,960 7,241,359 Yulong Renewable 12,169 1,919,020 Consolidated revenues $ 1,783,390 $ 12,591,660 Gross profit: 2016 2015 Yulong Bricks $ 130,493 $ 1,897,424 Yulong Concrete and Yulong Transport 166,113 1,811,574 Yulong Renewable (3,676 ) 1,080,585 Consolidated gross profit $ 292,930 $ 4,789,583 Income (loss) from operations: 2016 2015 Yulong Bricks $ (468,032 ) $ 1,797,110 Yulong Concrete and Yulong Transport (751,326 ) 1,634,509 Yulong Renewable (940,362 ) 325,943 Subtotal (2,159,720 ) 3,757,562 Yulong WFOE - (9,171 ) Yulong HK (139,093 ) (234,658 ) Yulong Eco-Materials (50,102 ) (194,000 ) Consolidated income from operations $ (2,348,915 ) $ 3,319,733 Net (loss) income: 2016 2015 Yulong Bricks $ (489,289 ) $ 1,403,882 Yulong Concrete and Yulong Transport (701,582 ) 1,153,125 Yulong Renewable (934,613 ) 178,923 Subtotal (2,125,484 ) 2,735,930 Yulong WFOE - (9,192 ) Yulong HK (139,249 ) (234,767 ) Yulong Eco-Materials 26,202 (395,722 ) Consolidated net (loss) income $ (2,238,531 ) $ 2,096,249 Depreciation and amortization: 2016 2015 Yulong Bricks $ 119,547 $ 132,786 Yulong Concrete and Yulong Transport 22,763 49,550 Yulong Renewable - 427,440 Consolidated depreciation and amortization $ 142,310 $ 609,776 Interest expenses: 2016 2015 Yulong Bricks $ 100,802 $ 78,385 Yulong Concrete and Yulong Transport 55,987 102,176 Yulong Renewable 2,981 36,944 Consolidated interest expenses $ 159,770 $ 271,505 Capital expenditures: 2016 2015 Yulong Bricks $ - $ 42,659 Yulong Concrete and Yulong Transport - 7,784 Yulong Renewable - 159,744 Consolidated capital expenditures $ - $ 210,187 The following represents results of divisional operations for the following six months ended December 31: Revenues: 2016 2015 Yulong Bricks $ 1,251,731 $ 7,466,382 Yulong Concrete and Yulong Transport 2,833,931 14,579,688 Yulong Renewable 501,758 3,896,458 Consolidated revenues $ 4,587,420 $ 25,942,528 Gross profit: 2016 2015 Yulong Bricks $ 304,272 $ 4,146,901 Yulong Concrete and Yulong Transport 567,082 3,753,745 Yulong Renewable 332,805 2,334,698 Consolidated gross profit $ 1,204,159 $ 10,235,344 Income (loss) from operations: 2016 2015 Yulong Bricks $ (777,816 ) $ 3,965,387 Yulong Concrete and Yulong Transport (883,307 ) 3,363,058 Yulong Renewable (2,826,519 ) 1,389,298 Subtotal (4,487,642 ) 8,717,743 Yulong WFOE - (9,171 ) Yulong HK (337,149 ) (302,351 ) Yulong Eco-Materials (100,068 ) (564,000 ) Consolidated income from operations $ (4,924,859 ) $ 7,842,221 Net (loss) income: 2016 2015 Yulong Bricks $ (780,594 ) $ 3,044,627 Yulong Concrete and Yulong Transport (979,394 ) 2,375,533 Yulong Renewable (2,929,912 ) 989,883 Subtotal (4,689,900 ) 6,410,043 Yulong WFOE - (7,082 ) Yulong HK (337,578 ) (308,506 ) Yulong Eco-Materials (49,829 ) (417,523 ) Consolidated net (loss) income $ (5,077,307 ) $ 5,676,932 Depreciation and amortization: 2016 2015 Yulong Bricks $ 242,149 $ 260,116 Yulong Concrete and Yulong Transport 58,873 131,571 Yulong Renewable - 824,004 Consolidated depreciation and amortization $ 301,022 $ 1,215,691 Interest expenses: 2016 2015 Yulong Bricks $ 139,376 $ 194,782 Yulong Concrete and Yulong Transport 207,799 210,489 Yulong Renewable 8,735 80,399 Consolidated interest expenses $ 355,910 $ 485,670 Capital expenditures: 2016 2015 Yulong Bricks $ - $ 62,942 Yulong Concrete and Yulong Transport - 35,387 Yulong Renewable - 329,913 Consolidated capital expenditures $ - $ 428,242 The following represents assets of division as of December 31, 2016 and June 30, 2016: Total Assets as of: December 31, June 30, Yulong Bricks $ 10,684,532 $ 11,131,177 Yulong Concrete and Yulong Transport 2,734,012 4,416,866 Yulong Renewable 19,872,941 20,251,768 Interdivision assets 696 590 Yulong WFOE - - Yulong HK - - Yulong Eco-Materials 642,700 642,700 Total Assets $ 33,934,881 $ 36,443,101

Subsequent Events

Subsequent Events	6 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent events	Note 18 – Subsequent events In late March 2016, the central government of the People’s of Republic of China passed Air Pollution Control Act and enforced Air Pollution Control Action Plan. The province of Henan of People’s Republic of China implemented “Province of Henan Blue Sky Action Plan” on various industries such as construction materials, coal mining. Due to the Air Pollution Control Act and Blue Sky Action Plan, Yulong Renewable is required to comply with the new environmental regulations. It placed its construction projects on hold and downsized its production since August 2016. On February 11, 2017, three of the board of directors, Ms. Alice Io Wai Wu, Mr. Michael W. Harlan and Mr. Guosheng Liu (together the “Former Directors”) resigned as directors of the Company. The Company elected Ms. Junfeng Ma, Ms. Yang Li and Mr. Qingsheng Liu to replace the Former Directors. There is nonfamily relationship among any of the New Directors and any of the Company’s other directors or executive officers. In addition, the Board has approved the appointment of Ms. Junfeng Ma as Company’s interim chairperson of the Audit Committee. While Company believe Ms. Ma’s accounting experience qualifies her to be the chairperson of the audit committee, the Company is actively searching for a candidate who is an expert with U.S. GAAP rules to chair the Audit Committee. Ms. Ma will serve as the chairperson of the Audit Committee during the Company’s search. On March 15, 2017, Yulong Eco-Materials Limited (the “Company”) received a deficiency letter (the “Letter”) from the NASDAQ Stock Market LLC (the “Nasdaq”) regarding the Company’s failure to comply with NASDAQ List Rule 5605(c)(2), pursuant to which an audit committee must have at least three members and be comprised only of independent directors. Due to the resignation of Alice Io Wai Wu, and Michael W. Harlan on February 11, 2017, the Company failed to meet the aforesaid requirement. Under Rule 5605(c)(4) and 5810(c)(3)(E), the Company has been provided a cure period to regain compliance as follow (the “Cure Period”): ● until the earlier of the Company’s next annual shareholders’ meeting or February 11, 2018; or ● if the next annual shareholders’ meeting is held before August 10, 2017, then the Company must evidence compliance no later than August 10, 2017. The Company addressed this deficiency by providing a notice of annual general meeting of shareholders to be held on June 29, 2017. The Company has announced the results of its annual general meeting for the fiscal year ended June 30, 2017 on June 30, 2017. On March 31, 2017, Yulong Eco-Materials Limited (the “Company”) received a determination letter (the “Letter”) from the NASDAQ Stock Market LLC (the “NASDAQ”) notifying the Company of the NASDAQ Staff’s determination (the “Determination”) to delist the Company’s securities from The NASDAQ Capital Market due to its failure to regain compliance with Listing Rule 5250(c)(1) (the “Rule”) because it had not filed its Annual Report on Form 10-K for the period ended June 30, and Quarterly Reports on Forms 10-Q for the periods ended September 30, and December 31, 2016, respectively (the “Delinquent Reports”). Pursuant to the Letter, unless the Company requests an appeal of the Determination by 4:00 Eastern Time on April 7, 2017, trading of the Company’s common stock will be suspended at the opening of business on April 11, 2017, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”), causing the Company’s securities to be removed from listing and registration on The NASDAQ Stock Market. As previously reported, on October 14 and November 22, 2016, the Company received two notification letters (the “Notice”) from NASDAQ advising the Company that it did not comply with the “Rule” because it had not filed its Annual Report on Form 10-K for the period ended June 30, and Quarterly Reports on Forms 10-Q for the periods ended September 30, and December 31, 2016, respectively. The Company was provided an exception until April 12, 2017, to regain compliance with the Rule. On March 24, 2017, the Company advised that it would be unable to regain compliance with the Rule by April 12, 2017. As of the date of this report, the Company has not regained compliance with the Rule though it is in the process of preparing its annual report. On April 6, 2017, Yulong Eco-Materials Limited received a notification letter from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ”) indicating that the Company is not in compliance with NASDAQ Listing Rule 5550(a)(2) (the “Rule”) because the closing bid price of the Company’s common stock on The Nasdaq Capital Market has been below $1.00 per share for 30 consecutive business days. The Nasdaq notification has no immediate effect on the listing or trading of the Company’s common stock, which will continue to trade on The Nasdaq Capital Market under the symbol “YECO”. The Company has 180 calendar days, or until October 3, 2017, to regain compliance. If, at any time before that date, the closing bid price of the Company’s common stock is at least $1.00 per share or more for a minimum of 10 consecutive business days, NASDAQ will notify the Company that it has achieved compliance with the Rule. If the Company does not regain compliance by October 3, 2017, the Company may be eligible for a second compliance period of 180 calendar days. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide NASDAQ written notice of its intention to cure the deficiency during the second compliance period. If it appears to the NASDAQ staff that the Company will not be able to cure the deficiency, or if the Company does not cure the deficiency following the additional time, NASDAQ will notify the Company that its common stock will be subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Hearings Panel. If the Company timely appeals, it would remain listed pending the Hearing Panel’s decision. The Company intends to monitor the closing bid price of its common stock and may consider implementing available options to regain compliance with the Rule. This information is being provided to comply with NASDAQ Listing Rules requiring public announcement of the Company’s receipt of the notification letter from NASDAQ. On May 15, 2017, Yulong Eco-Materials Limited determines that it qualifies as a “foreign private issuer” as defined under Rule 3b-4 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Accordingly, effective immediately after the filing of this Form 8-K, the Company will begin reporting under the Exchange Act as a foreign private issuer, including the filing of annual reports on Form 20-F and current reports on Form 6-K. On June 12, 2017, Yulong Eco-Materials Limited - (Nasdaq: YECO) announced that following a hearing before the Nasdaq Hearings Panel (the “Panel”) on May 25, 2017, the Panel granted the Company’s request for continued listing on Nasdaq, subject to the Company’s timely compliance with a number of interim milestones and, ultimately, the Company’s full compliance with all applicable requirements for continued listing on Nasdaq, including the filing of annual report for fiscal year ended June 30, 2016 and quarterly reports for fiscal periods ended September 30, 2016 and December 31, 2016, by no later than August 31, 2017. The Company is diligently working to timely evidence compliance with the terms of the Panel’s decision; however, there can be no assurance that the Company will be able to do so. On July 7, 2017, the Company received a notice from the Nasdaq Hearings Panel (the “Panel”) indicating that it has determined to suspend the Company’s ordinary shares, from trading on The Nasdaq Stock Market, effective at the open of business on July 11, 2017. As a result of the notice, the Company’s ordinary shares are currently trading on the OTC Pink marketplace under the symbol “YECOF.” For quotes or additional information on the OTC Pink market, visit http://www.otcmarkets.com The Company has a right to appeal the Panel’s determination. The Company has not yet decided whether to request a review of the decision by the Nasdaq Listing and Hearing Review Council. The right to request the review expires on July 24, 2017. In the event the Company does not appeal or the appeal is unsuccessful, Nasdaq will effect the delisting of the Company’s securities by filing a Form 25-NSE (Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934) after applicable appeal periods have lapsed. As previously reported, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. Notwithstanding the Panel’s determination, the Company expects to file its annual report for the fiscal year ended June 30, 2016 and quarterly reports for fiscal periods ended September 30, 2016 and December 31, 2016 as soon as possible and apply to be quoted on the OTCQB market after these delinquent filings are completed. On July 21, 2017, the Company submitted an appeal request requesting the Nasdaq Listing and Hearing Review Council to review the Panel’s determination and stay any Panel action to suspend the Company’s listing. In addition, the Company intends to submit an updated plan to regain compliance (“Updated Plan”) with Nasdaq’s Listing Rules. The Company is working diligently on its Updated Plan and plans to submit it to the Panel by August 4, 2017.

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information pursuant to the rules and regulations of the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the financial statements have been included. Interim results are not necessarily indicative of results to be expected for the full year. The information included in this Form 10-Q should be read in conjunction with information included in the Company’s annual report on Form 10-K for the year ended June 30, 2016, that was filed with the SEC on August 25, 2017.
Principles of consolidation	Principles of consolidation The condensed 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 condensed consolidated financial statements and footnotes. Significant accounting estimates reflected in the condensed consolidated financial statements include the useful lives and impairment of property, plant and equipment, collectability of receivables, realization of deferred tax assets, inventory valuation, warrant liabilities, stock-based compensation, and the present value of the net minimum lease payments of the capital lease. Actual results could differ from these estimates.
Going concern consideration	Going concern consideration The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America which contemplate continuation of the Company as a going concern basis. The going-concern basis assumes that assets are realized and liabilities are extinguished in the ordinary course of business at amounts disclosed on the financial statements. The Company’s ability to continue as a going concern depends on the liquidation of its current assets. The Company’s operation scale particularly Yulong Renewable was significantly downsized since the first quarter of fiscal year 2017 due to Environment Protection Act passed by the central government of PRC and Blue Sky Action Plan implemented by the Henan province, PRC. The remaining business of Yulong Bricks and Yulong Concrete has not sufficiently made up the cessation of Yulong Renewable’s business which raises a substantial doubt about the Company’s ability to continue as a going concern. In an effort to maintain its financial position and operations, the Company has successfully entered into a remittance agreement with one of its vendors to refund the prepayment for one of its construction projects in an amount of $15.7 million (RMB104.5 million). Moreover, the Company is working to pursue the potential acquirers for Yulong Renewable’s business. Beginning January 2017, Yulong Bricks and Yulong Concrete gradually resumed their sales revenue by 15% from the Q1 and Q2 2017 level. The Company has initiated negotiations with its financial institutions and lessors to extend the due date of the loan and lease obligations. The founder has provided approximately $1.7 million (RMB 11.6 million) to fund the Company’s operations. The Company may also continue to raise fund through private placement or issuance of shares to support the Company’s operational needs. Management believes that the foregoing actions would enable the Company to continue as a going concern.
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 Translation adjustments included in accumulated other comprehensive income (loss) amounted to a loss of $(1,480,854) and $(1,219,184) as of December 31, 2016 and June 30, 2016, respectively. The balance sheet amounts, with the exception of equity, at December 31, 2016 and June 30, 2016 were translated at 6.94 RMB and 6.64 RMB to $1.00, respectively. The equity accounts were stated at their historical rate. The average translation rate applied to statements of operations and comprehensive (loss) income accounts for the three months ended December 31, 2016 and 2015 was 6.83 RMB and 6.39 RMB, respectively. The average translation rate applied to statements of operations and comprehensive (loss) income accounts for the six months ended December 31, 2016 and 2015 was 6.75 RMB and 6.33 RMB, respectively. 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 with state owned banks within the PRC and with banks in Hong Kong which are unrestricted as to withdrawal and use and have original maturities of less than three months. Balances at financial institutions or state owned banks within the PRC are not covered by insurance. Balances at financial institutions in Hong Kong may, from time to time, exceed Hong Kong Deposit Protection Board’s insured limits. As of December 31 and June 30, 2016, the Company had approximately $2,477,713 (RMB17,198,363) and $2,734,015 (RMB18,165,703), respectively, of cash deposits which were not covered by insurance. The Company has not experienced any losses in such accounts.
Restricted cash	Restricted cash Restricted cash consists of a third-party escrow account in the United States of America. The usage of the amount in the escrow account needs approval from the underwriter.
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. Management reviews its accounts and other receivables 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. For the years ended December 31, 2016 and June 30, 2016, the Company recorded in the aggregate of approximately $5.5 million and $3.9 of allowances for doubtful accounts against its accounts receivable and other receivables. The current year provision is based on the past due period over 9 months of its customers.
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 December 31, 2016 and June 30, 2016, 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.
Property, plant and equipment	Property, plant and equipment Property, 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: (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. Otherwise, the lease will be treated as an operating lease. 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 condensed consolidated statements of operations and comprehensive (loss) 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. Management regularly reviews aging of prepayments and records an allowance when management believes collection of equipment 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. As December 31, 2016 and June 30, 2016, we recorded $2,650,508 (RMB 18,402,479) and $2,769,652 (RMB 18,402,479) reserve for prepayments.
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 the following Yulong operating companies 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. Due to the Air Pollution Control Act and Air Pollution Control Action Plan passed by the central government of PRC and the Blue Sky Action Plan implemented by the Henan Province of PRC in the fourth quarter of fiscal year 2016, Yulong Renewable placed its construction projects on hold since August 2016 and suspend its operation since January 2017. For the six months ended December 31, 2016, the Company recorded approximately $1.9 million (RMB13 million) impairment loss on Yulong Renewable’s construction-in-progress. As of December 31, 2016 and June 30, 2016, the impairment reserve for the long-lived assets (including construction-in-progress) was $48.5 million (RMB336.9 million) and $50.4 million (RMB 400.18 million).
Fair Values of Financial Instruments	Fair Values of Financial Instruments ASC Topic 825, Financial Instruments 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 non-current capital lease obligations approximated their fair value using level 2 inputs by comparing the stated loan interest rate to the rate charged by the People’s Bank of China on similar loans. The following table sets forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2016: Carrying Fair value measurement at Level 1 Level 2 Level 3 Warrant liabilities $ 15,364 $ - $ - $ 15,364 Certain inputs used in the valuation of the Company’s warrants are observable and therefore considered level 2. However, as the Company is a newly listed public reporting company and thus lacks historical volatility data, management concluded that level 3 fair valuation measurement is appropriate. The following is a reconciliation of the beginning and ending balances of warrant liabilities measured at fair value on a recurring basis using observable inputs as of December 31, 2016: December 31, Beginning fair value $ 65,605 Recognized gain recorded in earnings 50,241 Ending fair value $ 15,364
Revenue recognition	Revenue recognition The Company recognizes revenue in accordance with ASC 605, Revenue Recognition Revenue from the Company’s brick and concrete businesses represents the invoiced value of goods, net of a value added tax (“VAT”). 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. 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 condensed consolidated financial statements. Revenue from the CWM business 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. CWM revenue also includes revenue from the following activities: ● Hauling construction waste. The Company operates a fleet of trucks to haul the waste, consisting primarily of bricks and concrete, from construction and demolition sites. Revenue is recognized upon completion of hauling per truckload. ● Processing construction waste at mobile recycling stations. Revenue is recognized either per cubic meter of waste processed or when processing at a jobsite is completed, depending on the contract terms. ● Subcontracting waste hauling projects. The Company occasionally subcontracts waste hauling projects, whereby the subcontractors are the primary obligors to complete these projects, and the Company does not have any general credit risk as the services are prepaid by the customers. Sales and subcontracting costs from these subcontract arrangements are recorded at the net amount in accordance with ASC 605-45. The Company started to generate such revenue subsequent to December 31, 2016 and the amount is expected to be immaterial to the Company’s consolidated revenues for the year ending June 30, 2016.
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 $18,739 and $58,403 for the three months ended December 31, 2016 and 2015, respectively, and $62,661 and $140,014 for the six months ended December 31, 2016 and 2015, respectively. Depreciation expense amounted to $2,052 and $3,851 for the three months ended December 31, 2016 and 2015, respectively, and $10,060 and $41,070 for the six months ended December 31, 2016 and 2015, 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 December 31, 2016 and June 30, 2016, $2,477,713 and $2,734,540 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 RMB 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 customer creditworthiness and ongoing monitoring of outstanding balances. The Company maintains reserves for estimated credit losses if necessary, and such losses have generally been within expectations. Customer and vendor concentration risk For the three months ended December 31, 2016, one customer accounted for 16% of the Company’s total revenues. For the three months ended December 31, 2015, no customer accounted for more than 10% of the Company’s total revenues. For the six months ended December 31, 2016 and 2015, one customer accounted for 12% of the Company’s total revenues. For the six months ended December 31, 2015, no customer accounted for more than 10% of the Company’s total revenues. As of December 31, 2016, two customers accounted for 24% and 16% of the Company’s total accounts receivable. As of June 30, 2016, two customers accounted for 26% and 19% of the Company’s total accounts receivable, respectively. For the three months ended December 31, 2016, four suppliers accounted for 43%, 22%, 13% and 13% of the Company’s total purchases, respectively. For the three months ended December 31, 2015, three suppliers accounted for 23%, 21%, 17% of the Company’s total purchases, respectively. For the six months ended December 31, 2016, four suppliers accounted for 31%, 16%, 15% and 13% of the Company’s total purchases, respectively. For the six months ended December 31, 2015, four suppliers accounted for 27%, 17%, 16% and 10% of the Company’s total purchases, respectively. As of December 31, 2016, four suppliers accounted for 23%, 22%, 13% and 10% of the Company’s accounts payable balances, respectively. As of June 30, 2016, five suppliers accounted for 21%, 19%, 16%, 16% and 11% of the Company’s accounts payable balances, respectively.
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 December 31, 2016, Yulong WFOE and the VIEs had each filed income tax returns in China for the years ended December 31, 2010 to 2015. All such tax returns are subject to examination by the Chinese taxing authorities.
Warrant liabilities	Warrant liabilities A contract is designated as an asset or a liability and is carried at fair value on a company’s balance sheet, with any changes in fair value recorded in a company’s results of operations. The Company then determines which options, warrants and embedded features require liability accounting and records the fair value as a derivative liability. The changes in the values of these instruments are shown in the accompanying condensed consolidated statements of operations and comprehensive (loss) income as “change in fair value of warrant liabilities”. The Company adopted the provisions of an accounting standard regarding instruments that are indexed to an entity’s own stock. This accounting standard specifies that a contract that would otherwise meet the definition of a derivative but is both (a) indexed to the Company’s ordinary shares and (b) classified in stockholders’ equity in the statement of financial position would not be considered a derivative financial instrument. It provides a new two-step model to be applied in determining whether a financial instrument or an embedded feature is indexed to an issuer’s own stock and thus able to qualify for the scope exception within the standards. All warrants issued with the strike price denominated in US dollar were recorded as derivative liability because the strike price of the warrants is denominated in US dollar, a currency other than the Company’s functional currency RMB.
(Loss) earnings per share	(Loss) earnings per share (Loss) earnings per share are calculated in accordance with ASC 260-10, Earnings per Share
Comprehensive (loss) income	Comprehensive (loss) income Comprehensive (loss) 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 $27,762 and $41,111 for the three months ended December 31, 2016 and 2015, respectively, and $70,075 and $75,911 for the six months ended December 31, 2016 and 2015, respectively.
Recent accounting pronouncements	Recent accounting pronouncements Revenue Recognition: In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. Revenue from Contracts with Customers (Topic 606), Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, Going Concern Uncertainties : Preparation of Financial Statements - Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern Inventory Financial Instruments: Financial Instruments–Overall (Subtopic825-10): Recognition and Measurement of Financial Assets and Financial Liabilities Leases Leases (Topic 842). Stock-based Compensation Statement of Cash Flows Statement of Cash Flows (Topic 230), Restricted Cash Business Combination: Stock-based Compensation Except for the ASU above, in the period from January 1, 2017 to August 2017, the FASB has issued ASU No. 2017-01 through ASU 2017-011, which are not expected to have a material impact on the consolidated financial statements upon adoption.

Nature of Business and Organi26

Nature of Business and Organization (Tables)	6 Months Ended
	Dec. 31, 2016
Nature of Business and Organization [Abstract]
Schedule of 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 $9,935,303 fully funded Yulong Bricks ● A PRC limited liability company VIE by contractual ● Incorporated on September 20, 2006 arrangements ● Registered capital of $4,320,899 (RMB 30,000,000) fully funded Yulong Concrete ● A PRC limited liability company VIE by contractual ● Incorporated on December 7, 2004 arrangements ● Registered capital of $2,880,599 (RMB 20,000,000) fully funded Yulong Transport ● A PRC limited liability company VIE by contractual ● Incorporated on July 13, 2009 arrangements ● Registered capital of $1,441,740 (RMB 10,010,000) fully funded Yulong Renewable ● A PRC limited liability company VIE by contractual ● Incorporated on August 16, 2011 arrangements ● Registered capital of $8,641,797 (RMB 60,000,000) fully funded ● commenced operation in April 2015

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Dec. 31, 2016
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
Schedule of fair value of warrants liabilities on a recurring basis	Carrying Fair value measurement at Level 1 Level 2 Level 3 Warrant liabilities $ 15,364 $ - $ - $ 15,364
Schedule of warrant liabilities measured at fair value on a recurring basis	December 31, Beginning fair value $ 65,605 Recognized gain recorded in earnings 50,241 Ending fair value $ 15,364

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Dec. 31, 2016
Variable Interest Entities [Abstract]
Schedule of VIEs' consolidated assets and liabilities	December 31, June 30, Current assets $ 8,686,721 $ 10,068,142 Property, plant and equipment, net 6,855,376 7,425,445 Other non-current assets 17,749,388 18,306,223 Total assets 33,291,485 35,799,810 Total liabilities 35,156,028 33,130,293 Net assets $ (1,864,543 ) $ 2,669,517
Schedule of VIEs' liabilities	December 31, June 30, Current liabilities: Short-term loan - banks $ 5,429,929 $ 5,674,011 Accounts payable 1,372,238 1,710,881 Other payables and accrued liabilities 7,252,781 5,973,602 Other payables - related parties 1,395,630 1,907,458 Payroll payable 641,926 546,990 Customer deposits 4,947,580 2,571,846 Taxes payable 1,437,914 1,497,583 Capital lease obligations-current 3,915,152 4,062,291 Dividends payable 8,762.878 9,156,779 Total current liabilities 35,156,028 33,101,441 Non-current liabilities: Capital lease obligations-non-current - 28,852 Total non-current liabilities - 28,852 Total liabilities $ 35,156,028 $ 33,130,293
Schedule of VIEs' operating results	Three Months Ended 2016 2015 Revenue $ 1,783,390 $ 12,591,660 Gross profit $ 292,930 $ 4,789,583 (Loss) income from operations $ (2,159,720 ) $ 3,757,562 Net (loss) income $ (2,125,484 ) $ 2,731,710 Six Months Ended 2016 2015 Revenue $ 4,587,420 $ 25,942,528 Gross profit $ 1,204,159 $ 10,235,344 (Loss) income from operations $ (4,487,642 ) $ 8,717,743 Net (loss) income $ (4,689,900 ) $ 6,410,043

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	6 Months Ended
	Dec. 31, 2016
Accounts Receivable, Net/ Deposits and Other Receivables [Abstract]
Schedule of accounts receivable, net	December 31, June 30, Accounts receivable $ 10,052,202 $ 9,666,112 Less: allowance for doubtful accounts (5,517,890 ) (3,937,778 ) Total accounts receivable, net $ 4,534,312 $ 5,728,334
Schedule of movement of allowance for doubtful accounts	December 31, June 30, Beginning balance $ 3,937,778 $ - Charge to expense (benefit) 1,800,677 4,067,144 Exchange rate effect (220,565 ) (129,366 ) Ending balance $ 5,517,890 $ 3,937,778

Deposits and Other Receivables

Deposits and Other Receivables (Tables)	6 Months Ended
	Dec. 31, 2016
Accounts Receivable, Net/ Deposits and Other Receivables [Abstract]
Schedule of deposits and other receivables	December 31, June 30, Refundable deposits for equipment purchase $ 516,522 $ 444,439 Deposit for outsourcing agreement (1) 129,627 235,176 Deposit for new project 205,027 63,739 Advances to employees (2) 231,176 240,474 Insurance compensation 15,336 15,874 Deposit with government agency 2,880 3,011 Deposits for construction in progress 7,932 - Total $ 1,108,500 $ 1,002,713 (1) In December 2011, Yulong Bricks agreed to outsource some brick production to Pingdingshan Hongrui New Construction Materials Co., Ltd., an unrelated third party, and paid approximately $129,627 (RMB 900,000) as security deposit, which is due on demand. (2) The Company entrusts funds to its employees to pay certain of its expenses in the normal course of business, particularly for projects or jobsites beyond Pingdingshan.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Dec. 31, 2016
Inventories [Abstract]
Schedule of inventories	December 31, June 30, Raw materials $ 235,600 $ 285,459 Semi-finished byproduct 32,370 34,236 Finished goods 36,502 45,196 Total inventories $ 304,472 $ 364,891

Property, Plant and Equipment32

Property, Plant and Equipment, Net (Tables)	6 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment, Net [Abstract]
Schedule of property, plant and equipment	December 31, June 30, Building and improvements $ 23,671,159 $ 24,735,204 Machinery and equipment 7,020,145 7,335,708 Machinery and equipment under capital lease 2,009,509 2,099,839 Transportation equipment 818,793 855,598 Transportation equipment under capital lease 2,572,005 2,687,620 Office equipment 105,261 109,993 Construction-in-progress 27,820,299 27,111,181 Subtotal 64,017,171 64,935,143 Less: impairment loss on fixed assets & CIP (48,530,609 ) (48,755,558 ) Less: accumulated depreciation (8,631,186 ) (8,754,140 ) Total $ 6,855,376 $ 7,425,445
Schedule of construction-in-progress	Construction-in-progress description Value Estimated Estimated Office buildings, staff facilities, equipment and machinery $ 7,049 Early 2018 $ - Actoclave installation $ 6,801 Early 2018 $ - Total $ 13,850 $ -
Schedule of capital lease assets	December 31, June 30, Machinery and equipment $ 2,009,509 $ 2,099,839 Transportation equipment 2,572,005 2,687,620 Subtotal 4,581,514 4,787,459 Less: accumulated depreciation (1,618,837 ) (1,691,606 ) Less: impairment reserve (2,962,677 ) (3,095,853 ) Total $ - $ -

Prepayments (Tables)

Prepayments (Tables)	6 Months Ended
	Dec. 31, 2016
Prepayments [Abstract]
Schedule of prepayments	December 31, June 30, Prepayment for equipment purchase $ 14,403 $ 15,050 Prepayment for construction (1) 2,639,680 2,769,652 Subtotal 2,654,083 2,784,702 Reserve for prepayment (2,650,508 ) (2,769,652 ) Prepayment, net $ 3,575 $ 15,050 (1) (a) Prepayment for construction in advance was made in connection with the construction factory of Yulong Renewable. We had prepaid the construction fees in advance approximately $2,650,508 (RMB18,402,479) and $2,769,652 (RMB18,402,479) as of December 31 and June 30, 2016, respectively, to our construction vendors, Henan Sanjian and Henan Guangshen. Due to the new environmental regulations and policies implemented by the central government of PRC and the Environmental Protection Bureau of Henan Province (see Note 7), the factory construction project was placed on hold since August 2016. We placed a reserve for the entire amount of the prepaid construction fee, $2,650,508 (RMB18,402,479) and $2,769,652 (RMB 18,402,479) as of December 31 and June 30, 2016, respectively, as there is an uncertainty in the refundable status of the construction vendors.

Intangibles, Net (Tables)

Intangibles, Net (Tables)	6 Months Ended
	Dec. 31, 2016
Intangibles, Net [Abstract]
Summary of intangible assets	December 31, June 30, Land use rights $ 4,635,105 $ 4,843,458 Less: accumulated amortization (431,785 ) (425,701 ) Less: impairment reserve (2,157,006 ) (2,253,966 ) Total $ 2,046,314 $ 2,163,791
Schedule of estimated amortization expenses	Year ending December 31, Estimated 2017 $ 50,220 2018 50,220 2019 50,220 2020 50,220 2021 50,220 Thereafter 1,795,214 Total $ 2,046,314

Short-Term Loans (Tables)

Short-Term Loans (Tables)	6 Months Ended
	Dec. 31, 2016
Short-Term Loans [Abstract]
Schedule of short-term loans	December 31, June 30, Loan from Pingdingshan Bank, which was originally due in April 2015, with loan amount $576,120 (RMB 4,000,000) and annual interest of 12%. The Company repaid $259,254 (RMB 1,800,000) in April 2015 and obtained the Bank’s approval to extend the remaining $316,866 (RMB 2,200,000) until April 2016. Interest rate is 11.5% per annum. The loan is guaranteed by Yulong Bricks, the executive director of Yulong Bricks, a third party, the Company founder and his relatives. The company is settling with the bank on loan extension subsequently. $ 316,866 $ 331,109 Loan from Pingdingshan Rural Credit Cooperative Union, matures in July 2016. Interest rate is 12.1% per annum. The loan is guaranteed by Yulong Bricks, Yulong Renewable, the founder and a company that he owns. The company repaid the loan by the new loan in January, 2017 and the interest rate is 10.8% per annum. 2,088,433 2,182,313 Loan from Pingdingshan Bank, orginal loan amount $648,135 (RMB 4,500,000), at an interest rate 8.73% per annum, matures in August 2016. The loan is guaranteed by Yulong Bricks, the executive director of Yulong bricks, his relative and a third party. The Company is settling with the bank on loan extension subsequently. 648,135 677,269 Loan from Pingdingshan rural credit cooperative union, original loan amount $648,135 (RMB 4,500,000) at an interest rate 9%, matures in August 2017. The loan is guaranteed by Yulong Concrete, Yulong Bricks and the company’s founder. The Company is settling with the bank on loan extension subsequently. 648,135 677,269 Loan from China Construction Bank, original loan amount $576,120 (RMB4,000,000), matures in June 2016. Interest rate is 6.4% and 9.6% per annum as of June 30, 2016 and December 31, 2016, respectively. Guaranteed by Yulong Concrete and a third party. The company is settling with the bank on loan extension subsequently. 576,120 602,017 Loan from Pingdingshan Bank, original loan amount $576,120 (RMB4,000,000), matures in September 2016. Interest rate is 8.3% per annum. Guaranteed by Yulong Concrete, Yulong Industry and Yulong Renewable. The Company is settling with the bank on loan extension subsequently. 576,120 602,017 Loan from Pingdingshan Bank, original loan amount $576,120 (RMB4,000,000), matures in March 2017. Interest rate is 8.7% per annum. Guaranteed by Yulong Renewable, Yulong Industry and Yulong Concrete. The company is settling with the bank on loan extension subsequently. 576,120 602,017 Total short-term loans - bank $ 5,429,929 $ 5,674,011

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Schedule of other payables - related parties	Name of related parties Relationship Nature of December 31, June 30, Yulong Zhu Founder Loan for operating cash flows $ 1,688,383 $ 1,488,794 (1) Henan Yuliang Hotel Co., Ltd. Owned by founder Loan for operating cash flows - 15,050 Lei Zhu Relative of founder Loan for operating cash flow - 461,393 (2) Total other payables $ 1,688,383 $ 1,965,237 (1) Converted approximately $1.5 million into 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 IPO 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.

Capital Lease Obligations (Tabl

Capital Lease Obligations (Tables)	6 Months Ended
	Dec. 31, 2016
Capital Lease Obligations [Abstract]
Schedule of capital lease obligations	December 31, June 30, Lease obligations for ten waste hauling trucks expired May 2015, lease payment at $23,167 (RMB160,847) per month with interest at 18.2% per annum. The lease obligation was extended to December 2015 and paid off. $ - $ - Lease obligations for ten waste hauling trucks expired June 2015, lease payment at $28,183 (RMB195,676) and $14,500 (RMB100,676) 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 for the unpaid balance to June 2016. The Company is arranging repayment plan with the lessor subsequently. 117,102 122,366 Lease obligations for a loader expired in November 2015, lease payment at $2,319 (RMB16,101) per month with interest at 8.5% per annum. The lease obligation was paid off. - - Lease obligations for an excavator expiring in May 2016, lease payment at $4,676 (RMB32,462) per month with interest at 8.8% per annum. The Company is arranging repayment plan with the lessor subsequently. 27,307 28,535 Lease obligations for thirty waste hauling trucks expiring in July 2016, lease payment at $78,359 (RMB544,050) per month with interest at 15.6% per annum. The Company is arranging repayment plan with the lessor. 1,385,920 1,449,258 Lease obligation for a loader expired in April 2016, lease payment at $2,319 (RMB16,101) per month with interest at 8.3% per annum. In May 2016, the lessor verbally agreed to extend the due date for the unpaid balance to October 2016. The Company is arranging repayment plan with the lessor subsequently. 37,067 38,733 Lease obligation for a loader expired in April 2016, lease payment at $2,312 (RMB16,053) per month with interest at 8.3% per annum. In May 2016, the lessor verbally agreed to extend the due date for the unpaid balance to October 2016. The Company is arranging repayment plan with the lessor subsequently. 36,957 38,619 Lease obligation for an excavator expiring in October 2016, lease payment at $6,751 (RMB46,870) per month with interest at 8.7% per annum. The Company is arranging repayment plan with the lessor subsequently. 131,108 137,504 Lease obligation for an excavator expiring in October 2016, lease payment at $4,676 (RMB32,462) per month with interest at 8.7% per annum. The Company is arranging repayment plan with the lessor subsequently. 90,806 95,236 Lease obligation for a land use right which the Company expects to pay in full by June 30, 2017. 1,844,586 1,927,500 Lease obligation for an excavator commenced on August 1, 2015 expiring on July 1, 2017, total obligation is approximately $145,604 (RMB1,010,928), lease payment at $4,676 (RMB32,462) per month with interest at 9.593%. The Company is arranging repayment plan with the lessor subsequently. 91,690 98,587 Lease obligation for an excavator commenced on August 1, 2015 expiring on July 1, 2017, total obligation is approximately $145,604 (RMB1,010,928), lease payment at $4,676 (RMB32,462) per month with interest at 9.593%. The Company is arranging repayment plan with the lessor subsequently. 91,690 98,587 Lease obligation for a loader commenced on August 1, 2015 expiring on January 1, 2017, total obligation is approximately $56,858 (RMB394,764), lease payment at $2,298 (RMB15,958) per month with interest at 9.525% The Company is arranging repayment plan with the lessor subsequently. 32,491 34,672 Lease obligation for a loader commenced on August 1, 2015 expiring on July 1, 2017, total obligation is approximately $55,842 (RMB387,714), lease payment at $2,257 (RMB15,673) per month with interest at 9.525%. The Company is arranging repayment plan with the lessor subsequently. 31,910 34,052 Subtotal 3,918,634 4,103,649 Less: deferred interest (3,482 ) (12,506 ) Capital lease obligations, net 3,915,152 4,091,143 Less: capital lease obligations - current (3,915,152 ) (4,062,291 ) Capital lease obligations – non-current $ - $ 28,852
Schedule of future annual capital lease payments	Twelve months ending December 31, December 31 June 30 2017 $ 3,915,152 $ 4,062,291 2018 - 28,852 Total $ 3,915,152 $ 4,091,143

Taxes (Tables)

Taxes (Tables)	6 Months Ended
	Dec. 31, 2016
Taxes [Abstract]
Schedule of provision (benefit) for income taxes	For the three months ended 2016 2015 Current $ (20,978 ) $ 1,039,903 Deferred (172,795 ) (54,015 ) Total provision for income taxes $ (193,773 ) $ 985,888 For the six months ended 2016 2015 Current $ 197,669 $ 2,165,465 Deferred (273,651 ) (110,945 ) Total provision for income taxes $ (75,982 ) $ 2,054,520
Schedule of deferred tax assets and liabilities	December 31, December 31, Deferred tax assets Startup cost $ 192,562 $ 206,026 Property, plant and equipment 95,415 414,902 Intangible assets (56,538 ) (42,138 ) Staff Education 1,429 - Provision for doubtful accounts 1,379,472 - Others - 19,060 Impairment reserve for long-lived assets, CIP and prepayment 13,334,531 - Net operating loss carryforward in China 442,310 45,674 Total deferred tax assets 15,389,181 643,524 Valuation allowance (14,751,068 ) (45,674 ) Total deferred tax assets, net $ 638,113 $ 597,850
Schedule of taxes payable	December 31, June 30, Income taxes payable $ 1,086,986 $ 1,126,157 VAT taxes payable 201,191 223,307 Other taxes payable 150,215 148,619 Total $ 1,438,392 $ 1,498,083

Equity (Tables)

Equity (Tables)	6 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Schedule of estimates their fair value using the Binomial Option Pricing Model	December 31, July 1, Number of shares exercisable 112,500 112,500 Exercise price $ 6.25 $ 6.25 Stock price $ 0.88 $ 6 Expected term (years) 3.50 5.00 Risk-free interest rate 1.76 % 1.63 % Expected volatility 80.63 % 92 %
Summary of changes in warrant activity	Six Months Ended Weighted Average Outstanding, beginning balance - - - Granted 112,500 $ 6.25 5.00 Forfeited - - - Exercised - - - Outstanding, ending balance 112,500 $ 6.25 3.50

(Loss) Earnings Per Share (Tabl

(Loss) Earnings Per Share (Tables)	6 Months Ended
	Dec. 31, 2016
(Loss) Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per share	For the For the Net (loss) income $ (2,238,531 ) $ 2,096,249.00 Weighted average shares outstanding - basic and diluted 12,041,105 11,869,938.00 (Loss) earnings per share - basic and diluted $ (0.19 ) $ 0.18 For the For the Net (loss) income $ (5,077,307 ) $ 5,676,932.00 Weighted average shares outstanding - basic and diluted 12,041,105 11,869,938.00 (Loss) earnings per share - basic and diluted $ (0.42 ) $ 0.48

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Schedule of guaranteed in bank loans of unrelated third-party	Name Guaranteed Guarantee expiration date Pingdingshan Yushi Automobile Accessory Sales Co., Ltd (1) $ 1,204,034 December 29, 2016 Pingdingshan Orr Business Co., Ltd (2) 1,743,388 January 5, 2018 Total $ 2,947,422 (1) The Company did not, however, accrue any liability in connection with such guarantee because the borrower has been current in its repayment obligations and the Company has not experienced any loss from providing such guarantees in the past. The Company has evaluated the guarantee and has concluded that the likelihood of it having to make payments under the guarantee is remote and that the fair value of the stand-ready obligation under such commitment is not material. (2) According to the result of the judgment published on March 16, 2017, the court ruled that the borrower lost the case and was required to return the borrowings of $1,728,359 (RMB 12 million) and the payment of $15,029 (RMB 104,346) in litigation costs. As the loan term being from January 5, 2015 to January 6, 2016, and the guarantee expires on January 5, 2018, the Company has accrued a liability in connection with such guarantee.

Segments (Tables)

Segments (Tables)	6 Months Ended
	Dec. 31, 2016
Segments [Abstract]
Schedule of divisional operations	Revenues: 2016 2015 Yulong Bricks $ 666,261 $ 3,431,281 Yulong Concrete and Yulong Transport 1,104,960 7,241,359 Yulong Renewable 12,169 1,919,020 Consolidated revenues $ 1,783,390 $ 12,591,660 Gross profit: 2016 2015 Yulong Bricks $ 130,493 $ 1,897,424 Yulong Concrete and Yulong Transport 166,113 1,811,574 Yulong Renewable (3,676 ) 1,080,585 Consolidated gross profit $ 292,930 $ 4,789,583 Income (loss) from operations: 2016 2015 Yulong Bricks $ (468,032 ) $ 1,797,110 Yulong Concrete and Yulong Transport (751,326 ) 1,634,509 Yulong Renewable (940,362 ) 325,943 Subtotal (2,159,720 ) 3,757,562 Yulong WFOE - (9,171 ) Yulong HK (139,093 ) (234,658 ) Yulong Eco-Materials (50,102 ) (194,000 ) Consolidated income from operations $ (2,348,915 ) $ 3,319,733 Net (loss) income: 2016 2015 Yulong Bricks $ (489,289 ) $ 1,403,882 Yulong Concrete and Yulong Transport (701,582 ) 1,153,125 Yulong Renewable (934,613 ) 178,923 Subtotal (2,125,484 ) 2,735,930 Yulong WFOE - (9,192 ) Yulong HK (139,249 ) (234,767 ) Yulong Eco-Materials 26,202 (395,722 ) Consolidated net (loss) income $ (2,238,531 ) $ 2,096,249 Depreciation and amortization: 2016 2015 Yulong Bricks $ 119,547 $ 132,786 Yulong Concrete and Yulong Transport 22,763 49,550 Yulong Renewable - 427,440 Consolidated depreciation and amortization $ 142,310 $ 609,776 Interest expenses: 2016 2015 Yulong Bricks $ 100,802 $ 78,385 Yulong Concrete and Yulong Transport 55,987 102,176 Yulong Renewable 2,981 36,944 Consolidated interest expenses $ 159,770 $ 271,505 Capital expenditures: 2016 2015 Yulong Bricks $ - $ 42,659 Yulong Concrete and Yulong Transport - 7,784 Yulong Renewable - 159,744 Consolidated capital expenditures $ - $ 210,187 Revenues: 2016 2015 Yulong Bricks $ 1,251,731 $ 7,466,382 Yulong Concrete and Yulong Transport 2,833,931 14,579,688 Yulong Renewable 501,758 3,896,458 Consolidated revenues $ 4,587,420 $ 25,942,528 Gross profit: 2016 2015 Yulong Bricks $ 304,272 $ 4,146,901 Yulong Concrete and Yulong Transport 567,082 3,753,745 Yulong Renewable 332,805 2,334,698 Consolidated gross profit $ 1,204,159 $ 10,235,344 Income (loss) from operations: 2016 2015 Yulong Bricks $ (777,816 ) $ 3,965,387 Yulong Concrete and Yulong Transport (883,307 ) 3,363,058 Yulong Renewable (2,826,519 ) 1,389,298 Subtotal (4,487,642 ) 8,717,743 Yulong WFOE - (9,171 ) Yulong HK (337,149 ) (302,351 ) Yulong Eco-Materials (100,068 ) (564,000 ) Consolidated income from operations $ (4,924,859 ) $ 7,842,221 Net (loss) income: 2016 2015 Yulong Bricks $ (780,594 ) $ 3,044,627 Yulong Concrete and Yulong Transport (979,394 ) 2,375,533 Yulong Renewable (2,929,912 ) 989,883 Subtotal (4,689,900 ) 6,410,043 Yulong WFOE - (7,082 ) Yulong HK (337,578 ) (308,506 ) Yulong Eco-Materials (49,829 ) (417,523 ) Consolidated net (loss) income $ (5,077,307 ) $ 5,676,932 Depreciation and amortization: 2016 2015 Yulong Bricks $ 242,149 $ 260,116 Yulong Concrete and Yulong Transport 58,873 131,571 Yulong Renewable - 824,004 Consolidated depreciation and amortization $ 301,022 $ 1,215,691 Interest expenses: 2016 2015 Yulong Bricks $ 139,376 $ 194,782 Yulong Concrete and Yulong Transport 207,799 210,489 Yulong Renewable 8,735 80,399 Consolidated interest expenses $ 355,910 $ 485,670 Capital expenditures: 2016 2015 Yulong Bricks $ - $ 62,942 Yulong Concrete and Yulong Transport - 35,387 Yulong Renewable - 329,913 Consolidated capital expenditures $ - $ 428,242
Schedule of assets of division	Total Assets as of: December 31, June 30, Yulong Bricks $ 10,684,532 $ 11,131,177 Yulong Concrete and Yulong Transport 2,734,012 4,416,866 Yulong Renewable 19,872,941 20,251,768 Interdivision assets 696 590 Yulong WFOE - - Yulong HK - - Yulong Eco-Materials 642,700 642,700 Total Assets $ 33,934,881 $ 36,443,101

Nature of Business and Organi43

Nature of Business and Organization (Details)	6 Months Ended
	Dec. 31, 2016
Yulong BVI [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Name	Yulong BVI
Background	A British Virgin Islands company Incorporated on June 15, 2011
Ownership	100.00%
Yulong HK [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Name	Yulong HK
Background	A Hong Kong company Incorporated on July 21, 2011
Ownership	100.00%
Yulong WFOE [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Name	Yulong WFOE
Background	A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) Incorporated on September 2, 2011 Registered capital of $9,935,303 fully funded
Ownership	100.00%
Yulong Bricks [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Name	Yulong Bricks
Background	● A PRC limited liability company ● Incorporated on September 20, 2006 ● Registered capital of $4,320,899 (RMB 30,000,000) fully funded
Ownership	VIE by contractual arrangements
Yulong Concrete [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Name	Yulong Concrete
Background	● A PRC limited liability company ● Incorporated on December 7, 2004 ● Registered capital of $2,880,599 (RMB 20,000,000) fully funded
Ownership	VIE by contractual arrangements
Yulong Transport [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Name	Yulong Transport
Background	● A PRC limited liability company ● Incorporated on July 13, 2009 ● Registered capital of $1,441,740 (RMB 10,010,000) fully funded
Ownership	VIE by contractual arrangements
Yulong Renewable [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Name	Yulong Renewable
Background	● A PRC limited liability company ● Incorporated on August 16, 2011 ● Registered capital of $8,641,797 (RMB 60,000,000) fully funded ● commenced operation in April 2015
Ownership	VIE by contractual arrangements

Nature of Business and Organi44

Nature of Business and Organization (Details Textual) - Dec. 31, 2016	USD ($)	CNY (¥)
Yulong WFOE [Member]
Nature of Business and Organization (Textual)
Registered capital	$ 9,935,303
Yulong Bricks [Member]
Nature of Business and Organization (Textual)
Registered capital	4,320,899	¥ 30,000,000
Yulong Concrete [Member]
Nature of Business and Organization (Textual)
Registered capital	2,880,599	20,000,000
Yulong Transport [Member]
Nature of Business and Organization (Textual)
Registered capital	1,441,740	10,010,000
Yulong Renewable [Member]
Nature of Business and Organization (Textual)
Registered capital	$ 8,641,797	¥ 60,000,000

Summary of Significant Accoun45

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Dec. 31, 2016
Maximum [Member] | Building and 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 and 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 Accoun46

Summary of Significant Accounting Policies (Details 1)	6 Months Ended
	Dec. 31, 2016
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 Accoun47

Summary of Significant Accounting Policies (Details 2) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Warrant liabilities	$ 15,364	$ 65,605
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Warrant liabilities
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Warrant liabilities
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Warrant liabilities	$ 15,364

Summary of Significant Accoun48

Summary of Significant Accounting Policies (Details 3)	6 Months Ended
	Dec. 31, 2016USD ($)
Summary of Significant Accounting Policies [Abstract]
Beginning fair value	$ 65,605
Realized loss recorded in earnings	(50,241)
Ending fair value	$ 15,364

Summary of Significant Accoun49

Summary of Significant Accounting Policies (Details Textual)	3 Months Ended				6 Months Ended				12 Months Ended
	Dec. 31, 2016USD ($)SuppliersCustomers	Dec. 31, 2016CNY (¥)SuppliersCustomers	Dec. 31, 2015USD ($)Suppliers	Dec. 31, 2015CNY (¥)Suppliers	Dec. 31, 2016USD ($)SuppliersCustomers	Dec. 31, 2016CNY (¥)SuppliersCustomers	Dec. 31, 2015USD ($)Suppliers	Dec. 31, 2015CNY (¥)Suppliers	Jun. 30, 2016USD ($)SuppliersCustomers	Jun. 30, 2016CNY (¥)SuppliersCustomers	Dec. 31, 2016CNY (¥)	Jun. 30, 2016CNY (¥)	Jul. 05, 2015USD ($)	Jun. 30, 2015USD ($)
Summary of Significant Accounting Policies (Textual)
Accumulated other comprehensive income (loss) | $	$ (1,480,854)				$ (1,480,854)				$ (1,219,184)
Exception of equity	1				$ 1				1		¥ 6.94	¥ 6.64
Average translation rate of other comprehensive income | ¥		¥ 6.83		¥ 6.39		¥ 6.75		¥ 6.33
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: (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. Otherwise, the lease will be treated as an operating lease.	At lease inception, if the lease meets any of the following four criteria, the Company will classify it as a capital 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. Otherwise, the lease will be treated as an operating lease.
Prepayment for construction projects	15,700,000				$ 15,700,000						104,500,000
Sales revenue, description					Beginning January 2017, Yulong Bricks and Yulong Concrete gradually resumed their sales revenue by 15% from the Q1 and Q2 2017 level.	Beginning January 2017, Yulong Bricks and Yulong Concrete gradually resumed their sales revenue by 15% from the Q1 and Q2 2017 level.
Shipping costs | $	18,739		$ 58,403		$ 62,661		$ 140,014
Provision on impairment					1,900,000	¥ 13,000,000
Impairment reserve for the long-lived assets					48,500,000	¥ 336,900,000			50,400,000	¥ 400,180,000
Depreciation expense | $	2,052		3,851		10,060		41,070
Total expense for employee benefit plans | $	27,762		$ 41,111		$ 70,075		$ 75,911
Tax, description					A tax position is measured at the largest amount of benefit that is greater than 50 percent likelihood of being realized upon ultimate settlement.	A tax position is measured at the largest amount of benefit that is greater than 50 percent likelihood of being realized upon ultimate settlement.
Cash deposits covered insurance	2,477,080				$ 2,477,080				2,734,015		17,198,363	18,165,703
Cash and cash equivalents and accounts receivable | $	2,477,713				2,477,713				2,734,540
Allowance for doubtful accounts | $	5,517,890				5,517,890				3,937,778
Reserve for prepayment	$ (2,650,508)				(2,650,508)				$ (2,769,652)		¥ 18,402,479	¥ 18,402,479
Founder [Member]
Summary of Significant Accounting Policies (Textual)
Fund for company's operations					$ 1,700,000	¥ 11,600,000
Customer One [Member] | Total revenues [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk	16.00%	16.00%	10.00%	10.00%	12.00%	12.00%	10.00%	10.00%
Number of customer | Customers	1	1			1	1
Customer One [Member] | Total accounts receivable [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk					24.00%	24.00%			26.00%	26.00%
Number of customer | Customers					2	2			2	2
Customer Two [Member] | Total accounts receivable [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk					16.00%	16.00%			19.00%	19.00%
Number of customer | Customers					2	2			2	2
Supplier One [Member] | Total purchases [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk	43.00%	43.00%	23.00%	23.00%	31.00%	31.00%	27.00%	27.00%
Number of suppliers	4	4	3	3	4	4	4	4
Supplier One [Member] | Accounts payable balances [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk					23.00%	23.00%			21.00%	21.00%
Number of suppliers					4	4			5	5
Supplier Two [Member] | Total purchases [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk	22.00%	22.00%	21.00%	21.00%	16.00%	16.00%	17.00%	17.00%
Number of suppliers	4	4	3	3	4	4	4	4
Supplier Two [Member] | Accounts payable balances [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk					22.00%	22.00%			19.00%	19.00%
Number of suppliers					4	4			5	5
Supplier Three [Member] | Total purchases [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk	13.00%	13.00%	17.00%	17.00%	15.00%	15.00%	16.00%	16.00%
Number of suppliers	4	4	3	3	4	4	4	4
Supplier Three [Member] | Accounts payable balances [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk					13.00%	13.00%			16.00%	16.00%
Number of suppliers					4	4			5	5
Supplier Four [Member] | Total purchases [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk	13.00%	13.00%			13.00%	13.00%	10.00%	10.00%
Number of suppliers	4	4			4	4	4	4
Supplier Four [Member] | Accounts payable balances [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk					10.00%	10.00%			16.00%	16.00%
Number of suppliers					4	4			5	5
Supplier Five [Member] | Accounts payable balances [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk									11.00%	11.00%
Number of suppliers									5	5

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Variable Interest Entities [Line Items]
Current assets	$ 9,280,117	$ 10,661,433
Property, plant and equipment, net	6,855,376	7,425,445
Other non-current assets	17,799,388	18,356,223
Variable Interest Entities [Member]
Variable Interest Entities [Line Items]
Current assets	8,686,721	10,068,142
Property, plant and equipment, net	6,855,376	7,425,445
Other non-current assets	17,749,388	18,306,223
Total assets	33,291,485	35,799,810
Total liabilities	35,156,028	33,130,293
Net assets	$ (1,864,543)	$ 2,669,517

Variable Interest Entities (D51

Variable Interest Entities (Details 1) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Current liabilities:
Short term loan - banks	$ 5,429,929	$ 5,674,011
Accounts payable	1,372,238	1,710,881
Other payables and accrued liabilities	8,975,467	7,601,354
Other payables - related parties	1,814,727	1,965,237
Customer deposits	4,947,579	2,571,846
Taxes payable	1,438,392	1,498,083
Capital lease obligations-current	3,915,152	4,062,291
Dividends payable
Total current liabilities	27,908,848	25,149,308
Non-current liabilities:
Capital lease obligations-non-current		28,852
Variable Interest Entities [Member]
Current liabilities:
Short term loan - banks	5,429,929	5,674,011
Accounts payable	1,372,238	1,710,881
Other payables and accrued liabilities	7,252,781	5,973,602
Payroll payable	1,395,630	1,907,458
Other payables - related parties	641,926	546,990
Customer deposits	4,947,580	2,571,846
Taxes payable	1,437,914	1,497,583
Capital lease obligations-current	3,915,152	4,062,291
Dividends payable	8,762.88	9,156,779
Total current liabilities	35,156,028	33,101,441
Non-current liabilities:
Capital lease obligations-non-current		28,852
Total non-current liabilities		28,852
Total liabilities	$ 35,156,028	$ 33,130,293

Variable Interest Entities (D52

Variable Interest Entities (Details 2) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Variable Interest Entities [Line Items]
Revenue	$ 1,783,390	$ 12,591,660	$ 4,587,420	$ 25,942,528
Gross profit	292,930	4,789,583	1,204,159	10,235,344
(Loss) income from operations	(2,348,915)	3,319,733	(4,924,859)	7,842,221
Net (loss) income	(2,238,531)	2,096,249	(5,077,307)	5,676,932
Variable Interest Entities [Member]
Variable Interest Entities [Line Items]
Revenue	1,783,390	12,591,660	4,587,420	25,942,528
Gross profit	292,930	4,789,583	1,204,159	10,235,344
(Loss) income from operations	(2,159,720)	3,757,562	(4,487,642)	8,717,743
Net (loss) income	$ (2,125,484)	$ 2,735,930	$ (4,689,900)	$ 6,410,043

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Accounts Receivable, Net/ Deposits and Other Receivables [Abstract]
Accounts receivable	$ 10,052,202	$ 9,666,112
Less: allowance for doubtful accounts	(5,517,890)	(3,937,778)
Total accounts receivable, net	$ 4,534,312	$ 5,728,334

Accounts Receivable, Net (Det54

Accounts Receivable, Net (Details 1) - USD ($)	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2016
Accounts Receivable, Net/ Deposits and Other Receivables [Abstract]
Beginning balance	$ 3,937,778
Charge to expense (benefit)	1,800,677		$ 4,067,144
Exchange rate effect	(220,565)		(129,366)
Ending balance	$ 5,517,890		$ 3,937,778

Deposits and Other Receivable55

Deposits and Other Receivables (Details) - USD ($)		Dec. 31, 2016	Jun. 30, 2016
Accounts Receivable, Net/ Deposits and Other Receivables [Abstract]
Refundable deposits for equipment purchase		$ 516,522	$ 444,439
Deposit for outsourcing agreement	[1]	129,627	235,176
Deposit for new project		205,027	63,739
Advances to employees	[2]	231,176	240,474
Insurance compensation		15,336	15,874
Deposit with government agency		2,880	3,011
Deposits for construction in progress		7,932
Total		$ 1,108,500	$ 1,002,713
[1]	In December 2011, Yulong Bricks agreed to outsource some brick production to Pingdingshan Hongrui New Construction Materials Co., Ltd., an unrelated third party, and paid approximately $129,627 (RMB 900,000) as security deposit, which is due on demand.
[2]	The Company entrusts funds to its employees to pay certain of its expenses in the normal course of business, particularly for projects or jobsites beyond Pingdingshan.

Deposits and Other Receivable56

Deposits and Other Receivables (Details Textual) - Dec. 31, 2011	USD ($)	CNY (¥)
Pingdingshan Hongrui New Construction Materials Co., Ltd., [Member]
Deposits and Other Receivables (Textual)
Security deposit	$ 129,627	¥ 900,000

Inventories (Details)

Inventories (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Inventories [Abstract]
Raw materials	$ 235,600	$ 285,459
Semi-finished byproduct	32,370	34,236
Finished goods	36,502	45,196
Total inventories	$ 304,472	$ 364,891

Property, Plant and Equipment58

Property, Plant and Equipment, Net (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Property, Plant and Equipment [Line Items]
Plant and equipment gross	$ 64,017,171	$ 64,935,143
Less: accumulated depreciation	(48,530,609)	(48,755,558)
Less: impairment loss on CIP	(8,631,186)	(8,754,140)
Total	6,855,376	7,425,445
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment gross	23,671,159	24,735,204
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment gross	7,020,145	7,335,708
Machinery and equipment under capital lease [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment gross	2,009,509	2,099,839
Transportation equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment gross	818,793	855,598
Transportation equipment under capital lease [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment gross	2,572,005	2,687,620
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment gross	105,261	109,993
Construction-in-progress [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment gross	$ 27,820,299	$ 27,111,181

Property, Plant and Equipment59

Property, Plant and Equipment, Net (Details 1)	6 Months Ended
	Dec. 31, 2016USD ($)
Schedule of Construction-in-progress
Construction-in-progress, value	$ 13,850
Estimated additional cost to complete
Office buildings, staff facilities, equipment and machinery [Member]
Schedule of Construction-in-progress
Construction-in-progress, value	$ 7,049
Estimated completion date	Jun. 30, 2018
Estimated additional cost to complete
Actoclave Installation [Member]
Schedule of Construction-in-progress
Construction-in-progress, value	$ 6,801
Estimated completion date	Jun. 30, 2018
Estimated additional cost to complete

Property, Plant and Equipment60

Property, Plant and Equipment, Net (Details 2) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Schedule of capital leased assets
Capital leased assets, gross	$ 4,581,514	$ 4,787,459
Less: accumulated depreciation	(1,618,837)	(1,691,606)
Less: impairment reserve	(2,962,677)	(3,095,853)
Total
Machinery and equipment [Member]
Schedule of capital leased assets
Capital leased assets, gross	2,009,509	2,099,839
Transportation equipment [Member]
Schedule of capital leased assets
Capital leased assets, gross	$ 2,572,005	$ 2,687,620

Property, Plant and Equipment61

Property, Plant and Equipment, Net (Details Textual)	1 Months Ended															3 Months Ended		6 Months Ended			12 Months Ended
	Jul. 31, 2017USD ($)Installments	Jul. 31, 2017CNY (¥)Installments	Jul. 31, 2017USD ($)Installments	Jul. 31, 2017CNY (¥)Installments	Jun. 30, 2015USD ($)	Jun. 30, 2015CNY (¥)	Sep. 30, 2014USD ($)	Jul. 31, 2014USD ($)Haulingtrucks	Jul. 31, 2014CNY (¥)Haulingtrucks	Mar. 31, 2014USD ($)	Apr. 30, 2013USD ($)	Nov. 30, 2012USD ($)Haulingtrucks	Nov. 30, 2012CNY (¥)Haulingtrucks	Oct. 31, 2012USD ($)Haulingtrucks	Oct. 31, 2012CNY (¥)Haulingtrucks	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2016CNY (¥)	Dec. 31, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)	Dec. 31, 2016CNY (¥)	Jun. 30, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2016CNY (¥)	Jun. 30, 2015CNY (¥)	Sep. 30, 2014CNY (¥)	Jul. 31, 2014CNY (¥)	Mar. 31, 2014CNY (¥)	Jan. 31, 2014USD ($)	Jan. 31, 2014CNY (¥)	Nov. 30, 2012CNY (¥)	Oct. 31, 2012CNY (¥)
Plant and Equipment, Net (Textual)
Construction-in-progress, value																$ 13,850		$ 13,850
Payables for construction-in-progress																					$ 33,400,000			¥ 231,700,000
Payments for construction-in-progress																				$ 55,377
Depreciation expense																0	$ 584,706	275,913		1,152,720
Lease agreement amount																3,915,152		3,915,152			4,091,143
Zhengzhou [Member]
Plant and Equipment, Net (Textual)
Construction-in-progress, value																									$ 43,200,000	¥ 300,000,000
Contractor [Member]
Plant and Equipment, Net (Textual)
Payments for construction-in-progress																		1,800,000	¥ 13,000,000
Building and improvements [Member]
Plant and Equipment, Net (Textual)
Impairment reserves																48,530,609		48,530,609			48,755,558
Machinery and equipment [Member]
Plant and Equipment, Net (Textual)
Impairment reserves																48,530,609		48,530,609			48,755,558
Transportation equipment [Member]
Plant and Equipment, Net (Textual)
Impairment reserves																48,530,609		48,530,609			48,755,558
Construction-in-progress [Member]
Plant and Equipment, Net (Textual)
Impairment reserves																48,530,609		48,530,609			48,755,558				20,100,000	139,800,000
Construction-in-progress, value																									$ 20,100,000	¥ 139,800,000
Fixed assets [Member]
Plant and Equipment, Net (Textual)
Construction-in-progress, value																					44,400,000
Amount transferred to fixed assets																					7,800,000	¥ 54,400,000
Impairment reserve [Member]
Plant and Equipment, Net (Textual)
Construction-in-progress, value																					$ 7,400,000			¥ 51,600,000
Cancellation agreement [Member] | Contractor [Member] | Forecast [Member]
Plant and Equipment, Net (Textual)
Payments for construction-in-progress	$ 15,000,000	¥ 104,000,000
Number of installments | Installments	5	5
Cancellation agreement [Member] | Contractor [Member] | Subsequent Event [Member]
Plant and Equipment, Net (Textual)
Payments for construction-in-progress			$ 15,000,000	¥ 104,000,000
Number of installments | Installments			5	5
Machinery And Equipment Under Capital Lease [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount					$ 130,814		$ 50,836			$ 149,000						38,592		38,592									¥ 908,240	¥ 339,000		¥ 908,240
Security deposit					$ 5,038		$ 5,828			$ 5,549
Interest rate per annum					9.525%		8.70%			8.50%																	9.525%	8.70%		8.50%
Machinery And Equipment Under Capital Lease [Member] | Lease Agreements [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount										$ 130,814						27,307		27,307					¥ 189,591							¥ 908,240
One time payment of lease										37,952
Security deposit										5,828
Monthly lease payment										$ 5,000
Interest rate per annum										8.80%																				8.80%
Lease agreements term with third party										2 years
Machinery And Equipment Under Capital Lease [Member] | Lease Agreements One [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount										$ 49,803																				¥ 345,780
One time payment of lease										17,758
Monthly lease payment										$ 3,000
Lease agreements term with third party										18 months
Machinery And Equipment Under Capital Lease [Member] | Lease Agreements Two [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount							$ 185,078									131,108		131,108					910,283					¥ 1,285,000
One time payment of lease							54,506
Security deposit							8,414
Monthly lease payment							$ 8,000
Interest rate per annum							8.70%																					8.70%
Lease agreements term with third party							2 years
Machinery And Equipment Under Capital Lease [Member] | Lease Agreements Three [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount							$ 128,187									90,806		90,806					630,467					¥ 890,000
One time payment of lease							37,952
Security deposit							5,828
Monthly lease payment							$ 5,000
Interest rate per annum							8.70%																					8.70%
Machinery And Equipment Under Capital Lease [Member] | Lease Agreements Four [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount							$ 48,826									37,067		37,067					257,354					¥ 339,000
One time payment of lease							17,758
Security deposit							5,549
Monthly lease payment							$ 3,000
Interest rate per annum							8.30%																					8.30%
Lease agreements term with third party							18 months
Machinery And Equipment Under Capital Lease [Member] | Lease Agreements Five [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount							$ 48,682									36,957		36,957					256,594					¥ 338,000
One time payment of lease							17,706
Security deposit							5,533
Monthly lease payment							$ 3,000
Interest rate per annum							8.30%																					8.30%
Lease agreements term with third party							18 months
Machinery And Equipment Under Capital Lease [Member] | Lease Agreements Six [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount					$ 47,530																						¥ 330,000
One time payment of lease					15,210	¥ 105,600
Security deposit					4,753																						¥ 33,000
Monthly lease payment					$ 2,257	¥ 15,673
Interest rate per annum					9.525%																						9.525%
Lease agreements term with third party					18 months	18 months
Machinery And Equipment Under Capital Lease [Member] | Lease Agreements Seven [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount					$ 48,394																						¥ 336,600
One time payment of lease					15,486	¥ 107,520
Security deposit					4,839																						¥ 33,600
Monthly lease payment					$ 2,298	¥ 15,958
Interest rate per annum					9.525%																						9.525%
Lease agreements term with third party					18 months	18 months
Machinery And Equipment Under Capital Lease [Member] | Lease Agreements Eight [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount					$ 130,814																						¥ 908,240
One time payment of lease					33,392	¥ 231,840
Security deposit					5,127																						¥ 35,600
Monthly lease payment					$ 4,676	¥ 32,462
Interest rate per annum					9.60%																						9.60%
Lease agreements term with third party					18 months	18 months
Machinery And Equipment Under Capital Lease [Member] | Lease Agreements Nine [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount					$ 130,814																						¥ 908,240
One time payment of lease					33,392	¥ 231,840
Security deposit					5,127																						¥ 35,600
Monthly lease payment					$ 4,676	¥ 32,462
Interest rate per annum					9.60%																						9.60%
Lease agreements term with third party					18 months	18 months
Transportation Equipment Under Capital Lease [Member]
Plant and Equipment, Net (Textual)
Depreciation expense																0	$ 195,000	0		$ 383,000
Lease agreement amount								$ 1,600,893																					¥ 11,115,000
Interest rate per annum								15.60%				16.80%		18.20%															15.60%				16.80%	18.20%
Transportation Equipment Under Capital Lease [Member] | Lease Agreements One [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount														$ 592,569																				¥ 4,114,208
One time payment of lease											$ 163,701
Security deposit														45,802																				¥ 318,000
Monthly lease payment														$ 26,000
Interest rate per annum														18.20%																				18.20%
Lease agreements term with third party														2 years	2 years
Number of hauling trucks | Haulingtrucks														10	10
Insurance														$ 59,772	¥ 415,000
Transportation Equipment Under Capital Lease [Member] | Lease Agreements Two [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount												$ 580,041				$ 117,102		$ 117,102					¥ 813,036										¥ 4,027,225
One time payment of lease											$ 163,704
Security deposit												45,802																					¥ 318,000
Monthly lease payment												$ 32,000
Interest rate per annum												16.80%																					16.80%
Lease agreements term with third party												2 years	2 years
Number of hauling trucks | Haulingtrucks												10	10
Insurance												$ 50,122	¥ 348,000
Transportation Equipment Under Capital Lease [Member] | Lease Agreements Three [Member]
Plant and Equipment, Net (Textual)
Lease agreement amount								$ 60,205																					¥ 418,000		$ 60,205	¥ 418,000
One time payment of lease								337,030	¥ 2,340,000
Monthly lease payment								$ 89,000
Interest rate per annum								15.60%																					15.60%
Number of hauling trucks | Haulingtrucks								100	100
Lease agreements with third party, description								Binding agreement with the same party to lease the first 30 trucks for two years for approximately $1,600,893 (RMB 11,115,000), or approximately $53,363 (RMB 370,500) per truck. The lease also requires a one-time payment of $337,030 (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.	Binding agreement with the same party to lease the first 30 trucks for two years for approximately $1,600,893 (RMB 11,115,000), or approximately $53,363 (RMB 370,500) per truck. The lease also requires a one-time payment of $337,030 (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.

Prepayments (Details)

Prepayments (Details) - USD ($)		Dec. 31, 2016	Jun. 30, 2016
Prepayments [Abstract]
Prepayment for equipment purchase		$ 14,403	$ 15,050
Prepayment for construction	[1]	2,639,680	2,769,652
Subtotal		2,654,083	2,784,702
Reserve for prepayment		(2,650,508)	(2,769,652)
Prepayment, net		$ 3,575	$ 15,050
[1]	(a) Prepayment for construction in advance was made in connection with the construction factory of Yulong Renewable. We had prepaid the construction fees in advance approximately $2,650,508 (RMB18,402,479) and $2,769,652 (RMB18,402,479) as of December 31 and June 30, 2016, respectively, to our construction vendors, Henan Sanjian and Henan Guangshen. Due to the new environmental regulations and policies implemented by the central government of PRC and the Environmental Protection Bureau of Henan Province (see Note 7), the factory construction project was placed on hold since August 2016. We placed a reserve for the entire amount of the prepaid construction fee, $2,650,508 (RMB18,402,479) and $2,769,652 (RMB 18,402,479) as of December 31 and June 30, 2016, respectively, as there is an uncertainty in the refundable status of the construction vendors.

Prepayments (Details Textual)

Prepayments (Details Textual)	Dec. 31, 2016USD ($)	Dec. 31, 2016CNY (¥)	Jun. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Prepayments (Textual)
Prepaid construction fees	$ 2,650,508	¥ 18,402,479	$ 2,769,652	¥ 18,402,479
Prepayment for construction reserve	$ 2,650,508	¥ 18,402,479	$ 2,769,652	¥ 18,402,479

Intangibles, Net (Details)

Intangibles, Net (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Intangibles, Net [Abstract]
Land use rights	$ 4,635,105	$ 4,843,458
Less: accumulated amortization	(431,785)	(425,701)
Less: impairment reserve	(2,157,006)	(2,253,966)
Total	$ 2,046,314	$ 2,163,791

Intangibles, Net (Details 1)

Intangibles, Net (Details 1)	Dec. 31, 2016USD ($)
Estimated amortization expenses [Abstract]
2,017	$ 50,220
2,018	50,220
2,019	50,220
2,020	50,220
2,021	50,220
Thereafter	1,795,214
Total	$ 2,046,314

Intangibles, Net (Details Textu

Intangibles, Net (Details Textual)	3 Months Ended		6 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016CNY (¥)
Intangibles, Net (Textual)
Total land use rights under capital leases	$ 2,046,314		$ 2,046,314
Lease expiration period			50 years
Amortization expenses	12,400	$ 25,070	$ 25,109	$ 62,971
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
Land use rights [Member]
Intangibles, Net (Textual)
Total land use rights under capital leases	4,376,869		$ 4,376,869		¥ 30,388,600
Associated costs	$ 257,977		$ 257,977		¥ 1,791,136

Short-Term Loans (Details)

Short-Term Loans (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Schedule of short-term loans
Total short-term loans - bank	$ 5,429,929	$ 5,674,011
Loan from Pingdingshan Bank, due in April 2015 [Member]
Schedule of short-term loans
Total short-term loans - bank	316,866	331,109
Loan from Pingdingshan Rural Credit Cooperative Union, matures in July 2016 [Member]
Schedule of short-term loans
Total short-term loans - bank	2,088,433	2,182,313
Loan from Pingdingshan Bank, matured in August 2016 [Member]
Schedule of short-term loans
Total short-term loans - bank	648,135	677,269
Loan from Pingdingshan Rural Credit Cooperative Union, matures in August 2017 [Member]
Schedule of short-term loans
Total short-term loans - bank	648,135	677,269
Loan from China Construction Bank, matures in June 2016 [Member]
Schedule of short-term loans
Total short-term loans - bank	576,120	602,017
Loan from Pingdingshan Bank, matures in September 2016 [Member]
Schedule of short-term loans
Total short-term loans - bank	576,120	602,017
Loan from Pingdingshan Bank, matures in March 2017 [Member]
Schedule of short-term loans
Total short-term loans - bank	$ 576,120	$ 602,017

Short-Term Loans (Details Textu

Short-Term Loans (Details Textual)	3 Months Ended		6 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2016CNY (¥)	Dec. 31, 2015USD ($)	Jun. 30, 2016
Short-Term Loans (Textual)
Repayment of short term bank loan					$ 5,135,000
Interest expense on debts	$ 156,789	$ 180,560	$ 347,175		$ 405,271
Loan from Pingdingshan Bank, due in April 2015 [Member]
Short-Term Loans (Textual)
Loan maturity date			Apr. 30, 2015	Apr. 30, 2015
Interest rate per annum	12.00%		12.00%	12.00%
Interest rate during period			11.50%	11.50%
Repayment of short term bank loan			$ 259,254	¥ 1,800,000
Interest expense on debts			316,866	2,200,000
Short-term loan amount			$ 576,120	¥ 4,000,000
Loan from Pingdingshan Rural Credit Cooperative Union, matures in July 2016 [Member]
Short-Term Loans (Textual)
Loan maturity date			Jul. 31, 2016	Jul. 31, 2016
Interest rate per annum	12.10%		12.10%	12.10%
Interest rate during period			10.80%	10.80%
Loan from Pingdingshan Bank, matured in August 2016 [Member]
Short-Term Loans (Textual)
Loan maturity date			Aug. 31, 2016	Aug. 31, 2016
Interest rate per annum	8.73%		8.73%	8.73%
Short-term loan amount			$ 648,135	¥ 4,500,000
Loan from Pingdingshan Rural Credit Cooperative Union, matures in August 2017 [Member]
Short-Term Loans (Textual)
Loan maturity date			Aug. 31, 2017	Aug. 31, 2017
Interest rate per annum	9.00%		9.00%	9.00%
Short-term loan amount			$ 648,135	¥ 4,500,000
Loan from China Construction Bank, matures in June 2016 [Member]
Short-Term Loans (Textual)
Loan maturity date			Jun. 30, 2016	Jun. 30, 2016
Interest rate per annum	9.60%		9.60%	9.60%		6.40%
Short-term loan amount			$ 576,120	¥ 4,000,000
Loan from Pingdingshan Bank, matures in September 2016 [Member]
Short-Term Loans (Textual)
Loan maturity date			Sep. 30, 2016	Sep. 30, 2016
Interest rate per annum	8.30%		8.30%	8.30%
Short-term loan amount			$ 576,120	¥ 4,000,000
Loan from Pingdingshan Bank, matures in March 2017 [Member]
Short-Term Loans (Textual)
Loan maturity date			Mar. 31, 2017	Mar. 31, 2017
Interest rate per annum	8.70%		8.70%	8.70%
Short-term loan amount			$ 576,120	¥ 4,000,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	6 Months Ended
	Dec. 31, 2016	Jun. 30, 2016
Related Party Transaction [Line Items]
Total other payables	$ 1,814,727	$ 1,965,237
Yulong Zhu [Member]
Related Party Transaction [Line Items]
Relationship	Founder
Nature of transactions	Loan for operating cash flows
Total other payables	$ 1,688,383	1,488,794	[1]
Henan Yuliang Hotel Co., Ltd. [Member]
Related Party Transaction [Line Items]
Relationship	Owned by founder
Nature of transactions	Loan for operating cash flows
Total other payables		15,050
Lei Zhu [Member]
Related Party Transaction [Line Items]
Relationship	Relative of founder
Nature of transactions	Loan for operating cash flow
Total other payables		$ 461,393	[2]
[1]	Converted approximately $1.5 million into 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 IPO 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 (D70

Related Party Transactions (Details Textual) $ / shares in Units, $ in Millions	Jul. 01, 2015USD ($)$ / shares
Related Party Transactions (Textual)
Conversion into ordinary shares | $	$ 1.5
Price per share | $ / shares	$ 6.25

Capital Lease Obligations (Deta

Capital Lease Obligations (Details)	Dec. 31, 2016USD ($)	Dec. 31, 2016CNY (¥)	Jun. 30, 2016USD ($)
Capital Leased Assets [Line Items]
Subtotal	$ 3,918,634		$ 4,103,649
Less: deferred interest	(3,482)		(12,506)
Capital lease obligations, net	3,915,152		4,091,143
Less: capital lease obligations - current	3,915,152		4,062,291
Capital lease obligations-non-current			28,852
Lease obligations for ten waste hauling trucks expired May 2015 [Member]
Capital Leased Assets [Line Items]
Subtotal
Lease obligations for ten waste hauling trucks expired June 2015 [Member]
Capital Leased Assets [Line Items]
Subtotal	117,102		122,366
Lease obligations for a loader expired in November 2015 [Member]
Capital Leased Assets [Line Items]
Subtotal
Lease obligations for an excavator expiring in May 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	27,307		28,535
Lease obligations for thirty waste hauling trucks expiring in July 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	1,385,920		1,449,258
Lease obligation for a loader expired in April 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	37,067		38,733
Lease obligation for a loader expired in April 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	36,957		38,619
Lease obligation for an excavator expiring in October 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	131,108		137,504
Lease obligation for an excavator expiring in October 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	90,806		95,236
Lease obligation for a land use right by June 30, 2017 [Member]
Capital Leased Assets [Line Items]
Subtotal	1,844,586		1,927,500
Lease obligation for an excavator commenced on August 1, 2015 expiring on July 1, 2017 [Member]
Capital Leased Assets [Line Items]
Subtotal	91,690		98,587
Capital lease obligations, net	145,604	¥ 1,010,928
Lease obligation for an excavator commenced on August 1, 2015 expiring on July 1, 2017 [Member]
Capital Leased Assets [Line Items]
Subtotal	91,690		98,587
Capital lease obligations, net	145,604	1,010,928
Lease obligation for a loader commenced on August 1, 2015 expiring on January 1, 2017 [Member]
Capital Leased Assets [Line Items]
Subtotal	32,491		34,672
Capital lease obligations, net	56,858	394,764
Lease obligation for a loader commenced on August 1, 2015 expiring on July 1, 2017 [Member]
Capital Leased Assets [Line Items]
Subtotal	31,910		$ 34,052
Capital lease obligations, net	$ 55,842	¥ 387,714

Capital Lease Obligations (De72

Capital Lease Obligations (Details 1) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Future annual capital lease payments
2,017	$ 3,915,152	$ 4,062,291
2,018		28,852
Total	$ 3,915,152	$ 4,091,143

Capital Lease Obligations (De73

Capital Lease Obligations (Details Textual)	6 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016CNY (¥)	Jun. 30, 2016USD ($)
Capital Lease Obligations (Textual)
Accrued interest in connection with capital lease obligations	$ 72,017			$ 66,388
Interest expenses on capital lease obligations	8,735	$ 80,399
Total lease obligation	3,915,152			$ 4,091,143
Lease obligations for ten waste hauling trucks expired May 2015 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 23,167		¥ 160,847
Capital lease obligations, Expiration date	May 31, 2015
Percentage of interest on capital lease obligations	18.20%		18.20%
Lease obligations for ten waste hauling trucks expired June 2015 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 28,183		¥ 195,676
Capital lease obligations, Expiration date	Jun. 30, 2015
Percentage of interest on capital lease obligations	16.80%		16.80%
Lease obligations for ten waste hauling trucks expired June 2015 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 14,500		¥ 100,676
Capital lease obligations, Expiration date	Jun. 30, 2015
Percentage of interest on capital lease obligations	16.80%		16.80%
Lease obligations for a loader expired in November 2015 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 2,319		¥ 16,101
Capital lease obligations, Expiration date	Nov. 30, 2015
Percentage of interest on capital lease obligations	8.50%		8.50%
Lease obligations for an excavator expiring in May 2016 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 4,676		¥ 32,462
Capital lease obligations, Expiration date	May 31, 2016
Percentage of interest on capital lease obligations	8.80%		8.80%
Lease obligations for thirty waste hauling trucks expiring in July 2016 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 78,359		¥ 544,050
Capital lease obligations, Expiration date	Jul. 31, 2016
Percentage of interest on capital lease obligations	15.60%		15.60%
Lease obligation for a loader expired in April 2016 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 2,319		¥ 16,101
Capital lease obligations, Expiration date	Apr. 30, 2016
Percentage of interest on capital lease obligations	8.30%		8.30%
Lease obligation for a loader expired in April 2016 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 2,312		¥ 16,053
Capital lease obligations, Expiration date	Apr. 30, 2016
Percentage of interest on capital lease obligations	8.30%		8.30%
Lease obligation for an excavator expiring in October 2016 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 6,751		¥ 46,870
Capital lease obligations, Expiration date	Oct. 31, 2016
Percentage of interest on capital lease obligations	8.70%		8.70%
Lease obligation for an excavator expiring in October 2016 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 4,676		¥ 32,462
Capital lease obligations, Expiration date	Oct. 31, 2016
Percentage of interest on capital lease obligations	8.70%		8.70%
Lease obligation for an excavator commenced on August 1, 2015 expiring on July 1, 2017 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 4,676		¥ 32,462
Capital lease obligations, Expiration date	Jul. 1, 2017
Percentage of interest on capital lease obligations	9.593%		9.593%
Total lease obligation	$ 145,604		¥ 1,010,928
Lease obligation for an excavator commenced on August 1, 2015 expiring on July 1, 2017 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 4,676		¥ 32,462
Capital lease obligations, Expiration date	Jul. 1, 2017
Percentage of interest on capital lease obligations	9.593%		9.593%
Total lease obligation	$ 145,604		¥ 1,010,928
Lease obligation for a loader commenced on August 1, 2015 expiring on January 1, 2017 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 2,298		¥ 15,958
Capital lease obligations, Expiration date	Jan. 1, 2017
Percentage of interest on capital lease obligations	9.525%		9.525%
Total lease obligation	$ 56,858		¥ 394,764
Lease obligation for a loader commenced on August 1, 2015 expiring on July 1, 2017 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 2,257		¥ 15,673
Capital lease obligations, Expiration date	Jul. 1, 2017
Percentage of interest on capital lease obligations	9.525%		9.525%
Total lease obligation	$ 55,842		¥ 387,714

Taxes (Details)

Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Taxes [Abstract]
Current	$ (20,978)	$ 1,039,903	$ 197,669	$ 2,165,465
Deferred	(172,795)	(54,015)	(273,651)	(110,945)
Total provision for income taxes	$ (193,774)	$ 985,888	$ (75,983)	$ 2,054,520

Taxes (Details 1)

Taxes (Details 1) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Deferred tax assets
Startup cost	$ 192,562	$ 206,026
Property, plant and equipment	95,415	414,902
Intangible assets	(56,538)	(42,138)
Staff Education	1,429
Provision for doubtful accounts	1,379,472
Others		19,060
Impairment reserve for long-lived assets, CIP and prepayment	13,334,531
Net operating loss carryforward in China	442,310	45,674
Total deferred tax assets	15,389,181	643,524
Valuation allowance	(14,751,068)	(45,674)
Total deferred tax assets, net	$ 638,113	$ 597,850

Taxes (Details 2)

Taxes (Details 2) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Taxes [Abstract]
Income taxes payable	$ 1,086,986	$ 1,126,157
VAT taxes payable	201,191	223,307
Other taxes payable	150,215	148,619
Total	$ 1,438,392	$ 1,498,083

Taxes (Details Textual)

Taxes (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Taxes (Textual)
China income tax rate			25.00%
Effective tax rate	8.00%	32.00%	1.50%	23.00%
Aggregate undistributed earnings			$ 0	$ 29.5
VAT tax exemption, description			Yulong Bricks' products are now subject to a VAT rate of 17%, with 70% of the tax being refundable. Under the same law, Yulong Renewable is required to pay VAT rate of 17% for its recycled bricks and recycled aggregates, and 11% for its hauling services. 70% of the tax on recycled bricks and hauling services, and 50% of the tax on recycled aggregates, are refundable. 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% since November 2014 because under the PRC law of [2014] No. 57, concrete products that use cement as raw material are eligible for a reduced VAT rate of 3%.
Hong Kong [Member]
Taxes (Textual)
Hong Kong income tax rate			16.50%
PRC [Member]
Taxes (Textual)
China income tax rate			25.00%
Taxable revenue percentage			90.00%
PRC withholding tax percentage			10.00%
Minimum [Member]
Taxes (Textual)
VAT percentage			13.00%
Maximum [Member]
Taxes (Textual)
VAT percentage			17.00%

Equity (Details)

Equity (Details) - $ / shares	Jul. 01, 2015	Dec. 31, 2016
Equity [Abstract]
Number of shares exercisable	112,500	112,500
Exercise price	$ 6.25	$ 6.25
Stock price	$ 6	$ 0.88
Expected term (years)	5 years	3 years 6 months
Risk-free interest rate	1.63%	1.76%
Expected volatility	92.00%	80.63%

Equity (Details 1)

Equity (Details 1) - Warrant [Member]	6 Months Ended
	Dec. 31, 2016$ / sharesshares
Outstanding, beginning balance | shares
Granted | shares	112,500
Forfeited | shares
Exercised | shares
Outstanding, ending balance | shares	112,500
Weighted Average Exercise Price, Outstanding, beginning balance | $ / shares
Weighted Average Exercise Price, Granted | $ / shares	6.25
Weighted Average Exercise Price, Forfeited | $ / shares
Weighted Average Exercise Price, Exercised | $ / shares
Weighted Average Exercise Price, Outstanding, ending balance | $ / shares	$ 6.25
Average Remaining Contractual Life, Granted	5 years
Average Remaining Contractual Life, Outstanding, ending balance	3 years 6 months

Equity (Details Textual)

Equity (Details Textual)	Aug. 15, 2016shares	Jul. 06, 2016	Jan. 19, 2016$ / shares	Jul. 01, 2015USD ($)$ / shares	Feb. 27, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)Shareholdersshares	Jun. 30, 2016USD ($)	Jul. 03, 2015USD ($)
Equity (Textual)
Variable interest entity, description								Yulong WFOE and the VIEs are each 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.
Net assets						$ 1,251,609		$ 1,251,609		$ 3,453,575
Conversion into ordinary shares				$ 1,500,000
Price per share | $ / shares				$ 6.25
Gain on change in fair value of warrant								(50,241)	$ (142,774)
Proceeds from issuance of IPO shares, net									11,510,157
Stock-based compensation expenses						50,103	$ 0	100,069	$ 0
Share price | $ / shares			$ 3.20
Statutory reserves						3,922,228		3,922,228		$ 3,922,228
Stock-based compensation - consulting services, description			● 31,279 shares to a consultant for services pertaining to business growth and strategies for the calendar years ending December 31, 2017 and 2016; and ● 95,967 shares to a consultant for services rendered previously and for the fiscal quarter ended March 31, 2016 pertaining to financial reporting and internal control over financial reporting.
Consulting agreement, description		Company entered into a consulting agreement for services in conjunction with the pre-audit and consulting services for the periods ended June 30, 2016, September 30, 2016, December 31, 2016 and March 31, 2017. Total service fee is $150,000 or $37,500 per quarter and will be settled in a form of stock-based payment equivalent to 58,140 shares of the Company's common stock. The shares were valued at $2.58 per share based on the average closing price of the ordinary shares on the date the service agreement was entered.
Aggregate shares of ordinary shares issued | shares	58,140
Warrant [Member]
Equity (Textual)
Warrant liabilities						15,364		15,364			$ 475,380
IPO [Member]
Equity (Textual)
Conversion into ordinary shares					$ 9,892,692
Description of initial public offering									● granted a 45-days option to its underwriters to purchase up to 337,500 shares of ordinary shares, to cover over-allotments, which expired on August 15, 2015 without being exercised; ● 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 (the “warrants”); ● granted 26,400 shares of ordinary shares in the aggregate to its CFO (20,000 shares vested concurrently with the closing of IPO) and two non-executive board members (3,200 shares each vesting quarterly from the closing of IPO) at $6.25 per share and valued at $165,000 in total; and ● converted $9,959,613 in indebtedness to five shareholders, including its founder, into 1,593,538 shares of ordinary shares.
Number of shares issued | shares									2,250,000
Proceeds from issuance of common stock									$ 14,062,500
Stock issuance cost									2,552,343
Proceeds from issuance of IPO shares, net									11,510,157
Stock-based compensation expenses						$ 0	$ 10,000	$ 0	$ 145,000
Number of shareholders | Shareholders									5

(Loss) Earnings Per Share (Deta

(Loss) Earnings Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
(Loss) Earnings Per Share [Abstract]
Net (loss) income	$ (2,238,531)	$ 2,096,249	$ (5,077,307)	$ 5,676,932
Weighted average shares outstanding - basic and diluted	12,055,324	11,869,938	12,041,105	11,869,938
(Loss) earnings per share - basic and diluted	$ (0.19)	$ 0.18	$ (0.42)	$ 0.48

Commitments and Contingencies82

Commitments and Contingencies (Details)	6 Months Ended
	Dec. 31, 2016USD ($)
Loss Contingencies [Line Items]
Guaranteed amount	$ 2,947,422
Pingdingshan Yushi Automobile Accessory Sales Co., Ltd [Member]
Loss Contingencies [Line Items]
Guaranteed amount	$ 1,204,034	[1]
Guarantee expiration date	Dec. 29, 2016	[1]
Pingdingshan Orr Business Co., Ltd [Member]
Loss Contingencies [Line Items]
Guaranteed amount	$ 1,743,388	[2]
Guarantee expiration date	Jan. 5, 2018	[2]
[1]	The Company did not, however, accrue any liability in connection with such guarantee because the borrower has been current in its repayment obligations and the Company has not experienced any loss from providing such guarantees in the past. The Company has evaluated the guarantee and has concluded that the likelihood of it having to make payments under the guarantee is remote and that the fair value of the stand-ready obligation under such commitment is not material.
[2]	According to the result of the judgment published on March 16, 2017, the court ruled that the borrower lost the case and was required to return the borrowings of $1,728,359 (RMB 12 million) and the payment of $15,029 (RMB 104,346) in litigation costs. As the loan term being from January 5, 2015 to January 6, 2016, and the guarantee expires on January 5, 2018, the Company has accrued a liability in connection with such guarantee.

Commitments and Contingencies83

Commitments and Contingencies (Details Textual)	1 Months Ended									6 Months Ended
	Mar. 16, 2017USD ($)	Mar. 16, 2017CNY (¥)	Nov. 29, 2016USD ($)	Nov. 29, 2016CNY (¥)	Oct. 18, 2016	Sep. 24, 2016USD ($)	Sep. 24, 2016CNY (¥)	Nov. 10, 2012USD ($)	Nov. 10, 2012CNY (¥)	Dec. 31, 2016USD ($)	Dec. 31, 2016CNY (¥)	Dec. 31, 2016CNY (¥)	Jun. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Commitments and Contingencies (Textual)
Aggregate judgment amounts										$ 3,722,230	¥ 25,843,441
Loss contingency damages paid value						$ 120,985	¥ 840,000
Description of illegal occupation of land settlement in court					(1) return 7,137.26 square meters of land which the Company occupied illegally; (2) dismantle the new buildings and other facilities on the 7,137.26 square meters of land which the Company occupied illegally, and restore the original appearance of the land; (3) pay a fine on the basis that illegal occupation of 5,951.4 square meters of general cultivated land at a fine of RMB 16.00 per square meter, i.e. $13,714.88 (RMB 95,222.40), and 1,185.86 square meters of other land fines per square meter RMB 3.00, i.e. $512.40 (RMB 3,557.58), resulting in a total of $14,227.28 (RMB 98,779.98).
Litigation costs						$ 3,271	¥ 22,708
Guaranteed amount										2,947,422
Unpaid amounts of other payables										103,878		¥ 721,225
Legal actions filed by individuals										759,968	5,067,845
Loss contingency judgment amount unpaid										51,906	360,381
Unpaid occupation of land			$ 24,309	¥ 168,780						51,906	360,381
Payment of fine			$ 10,082.10	¥ 70,000
Bank loan of unrelated amount										2,900,000
Forecast [Member]
Commitments and Contingencies (Textual)
Litigation costs	$ 15,029	¥ 104,346
Guarantee will expires date	Jan. 5, 2018	Jan. 5, 2018
Repayment of borrowings	$ 1,728,359	¥ 12,000,000
Description of loan term	As the loan term being from January 5, 2015 to January 6, 2016.	As the loan term being from January 5, 2015 to January 6, 2016.
Guarantees [Member]
Commitments and Contingencies (Textual)
Legal actions filed by individuals										991,371	6,883,086
Xuchang Tongli [Member]
Commitments and Contingencies (Textual)
Litigation costs										24,309	168,780
Guaranteed amount										1,743,388	12,104,346
Unpaid amounts of other payables										402,177		¥ 2,792,317
Bank loan of unrelated amount										$ 332,850	¥ 2,310,979
Xian Oriental Fuxing [Member]
Commitments and Contingencies (Textual)
Related to purchase commitment								$ 410,844	¥ 2,790,000
Purchase commitment contract amount paid													$ 280,858	¥ 1,950,000

Segments (Details)

Segments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Consolidated revenues	$ 1,783,390	$ 12,591,660	$ 4,587,420	$ 25,942,528
Gross profit:
Consolidated gross profit	292,930	4,789,583	1,204,159	10,235,344
Income (loss) from operations:
Consolidated income from operations	(2,348,915)	3,319,733	(4,924,859)	7,842,221
Net (loss) income:
Consolidated net (loss) income	(2,238,531)	2,096,249	(5,077,307)	5,676,932
Depreciation and amortization:
Consolidated depreciation and amortization	142,310	609,776	301,022	1,215,691
Interest expenses:
Consolidated interest expenses	159,800	217,505	355,910	485,670
Capital expenditures:
Consolidated capital expenditures		210,187		428,242
Subtotal [Member]
Revenues:
Consolidated revenues	1,783,390	12,591,660	4,587,420	25,942,528
Gross profit:
Consolidated gross profit	292,930	4,789,583	1,204,159	10,235,344
Income (loss) from operations:
Consolidated income from operations	(2,159,720)	3,757,562	(4,487,642)	8,717,743
Net (loss) income:
Consolidated net (loss) income	(2,125,484)	2,735,930	(4,689,900)	6,410,043
Yulong Bricks [Member]
Revenues:
Consolidated revenues	666,261	3,431,281	1,251,731	7,466,382
Gross profit:
Consolidated gross profit	130,493	1,897,424	304,272	4,146,901
Income (loss) from operations:
Consolidated income from operations	(468,032)	1,797,110	(777,816)	3,965,387
Net (loss) income:
Consolidated net (loss) income	(489,289)	1,403,882	(780,594)	3,044,627
Depreciation and amortization:
Consolidated depreciation and amortization	119,547	132,786	242,149	260,116
Interest expenses:
Consolidated interest expenses	100,802	78,385	139,376	194,782
Capital expenditures:
Consolidated capital expenditures		42,659		62,942
Yulong Concrete and Yulong Transport [Member]
Revenues:
Consolidated revenues	1,104,960	7,241,359	2,833,931	14,579,688
Gross profit:
Consolidated gross profit	166,113	1,811,574	567,082	3,753,745
Income (loss) from operations:
Consolidated income from operations	(751,326)	1,634,509	(883,307)	3,363,058
Net (loss) income:
Consolidated net (loss) income	(701,582)	1,153,125	(979,394)	2,375,533
Depreciation and amortization:
Consolidated depreciation and amortization	22,763	49,550	58,873	131,571
Interest expenses:
Consolidated interest expenses	55,987	102,176	207,799	210,489
Capital expenditures:
Consolidated capital expenditures		7,784		35,387
Yulong Renewable [Member]
Revenues:
Consolidated revenues	12,169	1,919,020	501,758	3,896,458
Gross profit:
Consolidated gross profit	(3,676)	1,080,585	332,805	2,334,698
Income (loss) from operations:
Consolidated income from operations	(940,362)	325,943	(2,826,519)	1,389,298
Net (loss) income:
Consolidated net (loss) income	(934,613)	178,923	(2,929,912)	989,883
Depreciation and amortization:
Consolidated depreciation and amortization		427,440		824,004
Interest expenses:
Consolidated interest expenses	2,981	36,944	8,735	80,399
Capital expenditures:
Consolidated capital expenditures		159,744		329,913
Yulong WFOE [Member]
Income (loss) from operations:
Consolidated income from operations		(9,171)		(9,171)
Net (loss) income:
Consolidated net (loss) income		(9,192)		(7,082)
Yulong HK [Member]
Income (loss) from operations:
Consolidated income from operations	(139,093)	(234,658)	(337,149)	(302,351)
Net (loss) income:
Consolidated net (loss) income	(139,249)	(234,767)	(337,578)	(308,506)
Yulong Eco-Materials [Member]
Income (loss) from operations:
Consolidated income from operations	(50,102)	(194,000)	100,068	(564,000)
Net (loss) income:
Consolidated net (loss) income	$ 26,202	$ (395,722)	$ (49,829)	$ (417,523)

Segments (Details 1)

Segments (Details 1) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Assets	$ 33,934,881	$ 36,443,101
Yulong Bricks [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Assets	10,684,532	11,131,177
Yulong Concrete and Yulong Transport [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Assets	2,734,012	4,416,866
Yulong Renewable [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Assets	19,872,941	20,251,768
Interdivision assets [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Assets	696	590
Yulong WFOE [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Assets
Yulong HK [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Assets
Yulong Eco-Materials [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Assets	$ 642,700	$ 642,700

Segments (Details Textual)

Segments (Details Textual)	6 Months Ended
	Dec. 31, 2016Segments
Segments (Textual)
Number of operating segments	3