EV Biologics (YECO) 20-F 15 Nov 17 2017 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information - shares	12 Months Ended
	Jun. 30, 2017	Nov. 09, 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	20-F
Document Period End Date	Jun. 30, 2017
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		2,411,070

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Jun. 30, 2017	Jun. 30, 2016
CURRENT ASSETS
Cash and cash equivalents		$ 1,813,908	$ 2,734,540
Restricted cash		500,000	500,000
Account receivable, net		4,965,193	5,728,334
Deposits and other receivables		1,167,483	1,002,713
Inventories		209,202	364,891
Advance to suppliers		173,581	222,239
Prepaid expenses		83,901	108,716
Total current assets		8,913,268	10,661,433
PLANT AND EQUIPMENT, net		6,636,021	7,414,088
OTHER ASSETS
Construction in progress, net		19,819	11,357
Other receivable, non-current		15,411,615	15,727,696
Prepayments, net		14,748	15,050
Prepaid expense, non-current		50,000	50,000
Intangible assets, net		2,065,369	2,163,791
Deferred tax assets - non current		156,809	388,970
Long-term deposit		10,501	10,716
Total other assets		24,364,882	18,367,580
Total assets		33,278,150	36,443,101
CURRENT LIABILITIES
Short-term loan- bank		5,542,420	5,674,011
Accounts payables, trade		2,303,247	1,710,881
Other payables and accrued liabilities		9,642,359	7,601,354
Other payables - related parties		1,498,865	1,965,237
Customer deposits		4,448,220	2,571,846
Tax payable		1,316,600	1,498,083
Capital lease obligation-current portion		4,804,770	4,062,291
Dividends payable
Warrant liabilities		2,700
Total current liabilities		29,559,181	25,149,308
LONG TERM LIABILITIES
Capital lease obligation-net of current portion			28,852
Total long term liabilities			28,852
Total liabilities		29,559,181	25,178,160
COMMITMENTS AND LIABILIRUES
EQUITY
Ordinary shares, $0.00625 par value, 100,000,000 shares authorized, 2,411,070 and 2,399,435 shares issued and outstanding, respectively *	[1]	3,014	2,999
Subscription receivable		(10,000)	(10,000)
Additional paid-in capital		40,709,440	40,509,592
Statutory reserves		3,922,228	3,922,228
Stock to be issued			37,500
Retained earnings		(39,407,775)	(31,978,194)
Accumulated other comprehensive income		(1,497,938)	(1,219,184)
Total Yulong Eco-Materials Limited's equity		3,718,969	11,264,941
Total liabilities and equity		$ 33,278,150	$ 36,443,101
[1]	All shares outstanding for all periods have been retroactively restated to reflect the Company's 1-for-5 reverse stock split, which was effective on November 9, 2017.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2017	Jun. 30, 2016
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.00625	$ 0.00625
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	2,411,070	2,399,435
Common stock, shares outstanding	2,411,070	2,399,435

Consolidated Statements Of Oper

Consolidated Statements Of Operations And Comprehensive (Loss) Income - USD ($)		12 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
REVENUES
Bricks		$ 3,083,244	$ 11,913,095	$ 15,586,654
Concrete		5,926,630	23,131,224	29,967,622
Recycling		496,829	7,600,112	676,108
TOTAL REVENUES		9,506,703	42,644,431	46,230,384
COST OF REVENUES
Bricks		2,452,147	5,644,755	6,139,759
Concrete		4,991,383	17,306,275	22,883,040
Recycling		167,294	3,214,483	340,186
TOTAL COST OF REVENUES		7,610,824	26,165,513	29,362,985
GROSS PROFIT		1,895,879	16,478,918	16,867,399
OPERATING EXPENSES:
Selling		306,919	451,927	634,390
General and administrative		5,519,066	12,841,900	3,374,557
Impairment loss- fixed assets & CIP		1,914,100	50,357,301
Impairment loss- intangible assets			2,328,014
Total operating expenses		7,740,085	65,979,142	4,008,947
(LOSS) INCOME FROM OPRATIONS		(5,844,206)	(49,500,224)	12,858,452
OTHER INCOME (EXPENSE), net
Bank charges		(1,696)	(9,504)	(1,094)
Interest income		66,597	111,332	70,065
Interest expense		(658,821)	(1,028,761)	(1,297,102)
Other finance expense			(7,527)
Exchange gain/(loss)			(5,938)
Change in fair value of warrant liabilities		62,905	409,775
Other income/(expense), net		4,302	198,063	(52,731)
Penalty		(792,109)
Total other expense, net		(1,318,822)	(332,560)	(1,280,862)
(LOSS) INCOME BEFORE INCOME TAXES		(7,163,028)	(49,832,784)	11,577,590
PROVISION FOR INCOME TAXES		266,553	3,357,239	2,898,019
NET (LOSS) INCOME		(7,429,581)	(53,190,023)	8,679,571
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments		(989,091)	(808,327)	326,188
COMPREHENSIVE (LOSS) INCOME		$ (8,418,672)	$ (53,998,350)	$ 9,005,759
WEIGHTED AVERAGE NUMBER OF COMMON SHARES
Basic and diluted	[1]	2,409,631	2,385,391	1,600,000
(LOSS) EARNINGS PER SHARE
Basic and diluted	[1]	$ (3.08)	$ (22.3)	$ 5.42
[1]	All shares outstanding for all periods have been retroactively restated to reflect the Company's 1-for-5 reverse stock split, which was effective on November 9, 2017.

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($)		Total	Ordinary shares	Subscription receivable	Additional paid-in capital	Stock to be issued	Statutory reserves	Retained earnings/ (Accumulated deficit)	Accumulated other comprehensive income (loss)
Beginning balance at Jun. 30, 2014		$ 37,646,602	$ 2,000	$ (10,000)	$ 19,019,464		$ 3,771,665	$ 12,682,821	$ 2,180,652
Beginning balance, shares at Jun. 30, 2014	[1]		1,600,000
Net (loss) income		8,679,571						8,679,571
Appropriation of statutory reserve							150,563	(150,563)
Foreign currency translation adjustments		326,188							326,188
Ending balance at Jun. 30, 2015		46,652,361	$ 2,000	(10,000)	19,019,464		3,922,228	21,211,829	2,506,840
Ending balance, shares at Jun. 30, 2015	[1]		1,600,000
Stock based compensation expenses		534,237	$ 38		496,699	37,500
Stock based compensation expenses, shares	[1]		30,729
Issuance of shares for cash		11,510,157	$ 563		11,509,594
Issuance of shares for cash, shares	[1]		450,000
Convertible to ordinary shares		9,959,613	$ 398		9,959,215
Convertible to ordinary shares, shares	[1]		318,708
Allocation to warrant liabilities		(475,380)			(475,380)
Net (loss) income		(53,190,023)						(53,190,023)
Appropriation of statutory reserve
Foreign currency translation adjustments		(3,726,024)							(3,726,024)
Ending balance at Jun. 30, 2016		11,264,941	$ 2,999	(10,000)	40,509,592	37,500	3,922,228	(31,978,194)	(1,219,184)
Ending balance, shares at Jun. 30, 2016	[1]		2,399,437
Stock based compensation expenses		162,363	$ 15		199,848	(37,500)
Stock based compensation expenses, shares	[1]		11,628
Issuance of shares for cash
Allocation to warrant liabilities
Net (loss) income		(7,429,581)						(7,429,581)
Appropriation of statutory reserve
Foreign currency translation adjustments		(278,754)							(278,754)
Ending balance at Jun. 30, 2017		$ 3,718,969	$ 3,014	$ (10,000)	$ 40,709,440		$ 3,922,228	$ (39,407,775)	$ (1,497,938)
Ending balance, shares at Jun. 30, 2017	[1]		2,411,070
[1]	All shares outstanding for all periods have been retroactively restated to reflect the Company's 1-for-5 reverse stock split, which was effective on November 9, 2017.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (7,429,581)	$ (53,190,023)	$ 8,679,571
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	632,319	2,114,469	1,697,465
Amortization	54,678	103,417	55,186
Deferred tax benefit	225,581	92,181	(328,761)
Change in fair value of warrant liabilities	(62,905)	(409,775)
Stock based compensation expenses	162,363	534,237
Allowance for doubtful accounts	1,995,887	4,067,144
Reserve for prepayments		2,860,642
Impairment loss on fixed assets & CIP	1,914,100	50,357,301
Impairment loss on intangible assets		2,328,014
Change in operating assets and liabilities
Accounts receivable	(1,350,912)	(1,124,425)	(4,089,754)
Restricted cash		(500,000)
Deposits and other receivables	(184,053)	(397,719)	(330,309)
Inventories	147,658	(30,984)	60,562
Advances to suppliers	43,984	(212,367)	52,659
Prepaid expense	24,378	209,698	(300,630)
Accounts payable, trade	623,805	127,937	(107,346)
Other payables and accrued liabilities	2,984,195	3,185,235	1,239,321
Customer deposits	1,919,003	2,656,337	(403,490)
Taxes payable	(150,665)	504,555	(23,631)
Net cash provided by operating activities	1,549,836	13,275,874	6,200,843
CASH FLOWS FROM INVESTING ACTIVITIES:
Payment for equipment and construction in progress	(1,923,083)	(20,375,923)	(514,924)
Proceeds from disposal of equipment		20,469
Prepayments for construction-in-progress	(5,871)	(16,244,390)	(1,500,468)
Repayments from related parties			26,674
Payment for land use rights		(591)	(9,774)
Net cash (used in) investing activities	(1,928,954)	(36,600,435)	(1,998,492)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from short-term loans - bank		4,197,115	4,479,750
Payments of short-term loan - bank	(17,478)	(5,907,051)	(4,316,850)
Proceeds from (payments to) related parties	(433,168)	1,416,849	(6,522,453)
Principal payments on capital lease obligations		(593,043)	(1,234,043)
Proceeds from issuance of IPO shares, net		11,510,157
Net cash provided by (used in) financing activities	(450,646)	10,624,027	(7,593,596)
EFFECT OF EXCHANGE RATE ON CASH	(90,868)	(1,035,225)	128,774
CHANGES IN CASH AND CASH EQUIVALENTS	(920,632)	(13,735,759)	(3,262,471)
CASH AND CASH EQUIVALENTS, beginning of year	2,734,540	16,470,299	19,732,770
CASH AND CASH EQUIVALENTS, end of year	1,813,908	2,734,540	16,470,299
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income tax	547,059	2,596,981	3,195,373
Cash paid for interest		196,120	1,066,738
NON-CASH INVESTING AND FINANCING ACTIVITIES
Reclassification of construction-in-progress from prepayments-construction		675,425	3,266,054
Additions to fixed assets and construction-in-progress through other payables		853,445	2,333,976
Acquisition of machinery, equipment and intangible asset by capital leases		294,506	4,281,859
Repayments from related parties offset with other payable-related parties			912,240
Reclassification of intangible assets from prepayment-land use rights			379,434
Conversion of shareholders' debt to 1,593,538 ordinary shares		9,959,613
Issuance of ordinary shares for deferred compensation	37,500	75,068
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		177,903
Other receivable-related parties offset with other payable-related parties	$ (463,749)	$ 229,878

Consolidated Statements of Cas7

Consolidated Statements of Cash Flows (Parenthetical)	12 Months Ended
	Jun. 30, 2016shares
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

Principal Activities and Reorga

Principal Activities and Reorganization	12 Months Ended
	Jun. 30, 2017
Principal Activities and Reorganization [Abstract]
Principal Activities and Reorganization	Note 1 – Principal Activities and Reorganization Yulong Eco-Materials Limited (“Yulong Eco-Materials” or the “Company”) is a holding company incorporated on March 10, 2011, under the laws of the Cayman Islands. The Company has no substantive operations other than holding all of the outstanding share capital of China Xing De (BVI) Limited (“Yulong BVI”). In turn, Yulong BVI is a holding company holding all of the outstanding share capital of China Xing De (Hong Kong) Limited (“Yulong HK”). Yulong HK is also a holding company holding all of the outstanding equity capital of Zhengzhou Xing De Enterprise Management & Consulting Co., Ltd. (“Yulong WFOE”). The Company is a vertically integrated manufacturer of eco-friendly building products. The Company operates principally from the city of Pingdingshan, Henan Province, in the People’s Republic of China (the “PRC” or “China”). The Company produces fly-ash bricks and ready-mixed concrete, and since April 2015, hauls and processes construction waste, with which it produces crushed construction waste or recycled aggregates, and bricks made from recycled aggregates, or recycled bricks. All of the Company’s business activities are carried out by domestic Chinese companies that the Company controls through contractual arrangements as follows: (1) Henan Jianyida Industrial Co., Ltd. (“Yulong Bricks”), which carries out the bricks business, (2) Pingdingshan Hengji Concrete Co., Ltd. (“Yulong Concrete”) and Pingdingshan Hengji Industrial Co., Ltd. (“Yulong Transport”), which carry out the concrete business, and (3) Pingdingshan Xulong Renewable Resource Co., Ltd. (“Yulong Renewable”), which carries out the construction waste hauling and processing, or recycling, business. The contractual arrangements are comprised of a series of agreements entered into by each of these four companies and their shareholders, on the one hand, and Yulong WFOE on the other hand (see “Contractual Arrangements” and “Note 3 – Variable Interest Entities” below). 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 for repayment if such Yulong operating company is unable to do so. The agreement will terminate at the earlier of (i) the date on which all of the equity interests of such Yulong operating company have been transferred to Yulong WFOE or (ii) the unilateral termination by Yulong WFOE. As a result of the foregoing contractual arrangements, which give Yulong WFOE effective control of the Yulong operating companies, obligate Yulong WFOE to absorb all of the risk of loss from their activities, and enable Yulong WFOE to receive all of their expected residual returns, the Company accounts for each Yulong operating company as a variable interest entity (“VIE”). Additionally, as the parent company of Yulong WFOE, the Company is considered the primary beneficiary of the Yulong operating companies. Accordingly, the Company consolidates the accounts of the Yulong operating companies for the years ended June 30, 2017, 2016 and 2015, in accordance with Regulation S-X-3A-02 promulgated by the Securities Exchange Commission, and Accounting Standards Codification (“ASC”) 810-10, Consolidation. The accompanying consolidated financial statements reflect the activities of Yulong Eco-Materials and each of the following entities: Name Background Ownership Yulong BVI ● A British Virgin Islands company 100% ● Incorporated on June 15, 2011 Yulong HK ● A Hong Kong company 100% ● Incorporated on July 21, 2011 Yulong WFOE ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) 100% ● Incorporated on September 2, 2011 ● Registered capital of $9,935,303 fully funded Yulong Bricks ● A PRC limited liability company VIE by contractual ● Incorporated on September 20, 2006 arrangements ● Registered capital of $4,395,000 (RMB 30,000,000) fully funded ● Production and sales of fly-ash bricks Yulong Concrete ● A PRC limited liability company VIE by contractual ● Incorporated on December 7, 2004 arrangements ● Registered capital of $2,830,000 (RMB 20,000,000) fully funded ● Production and sales of ready-mixed concrete Yulong Transport ● A PRC limited liability company VIE by contractual ● Incorporated on July 13, 2009 arrangements ● Registered capital of $1,465,464 (RMB 10,010,000) fully funded ● Provide ready-mixed concrete transportation services Yulong Renewable ● A PRC limited liability company VIE by contractual ● Incorporated on August 16, 2011 arrangements ● Registered capital of $9,510,000 (RMB 60,000,000) fully funded ● Hauling of construction waste; production and sales of recycled aggregates and recycled bricks ● Commenced operation in April 2015

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Summary of significant accounting policies	Note 2 – Summary of significant accounting policies Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with the generally accepted accounting principles in the United States of America (“U.S. GAAP”). Principles of consolidation The consolidated financial statements include the accounts of the Company, its subsidiaries, and the VIEs. All intercompany transactions and balances between the Company, its subsidiaries and the VIEs are eliminated upon consolidation. Reverse stock split On November 8, 2017, the Company’s board of directors and a majority of the Company’s shareholders approved a reverse stock split of its issued and outstanding shares of common stock at a ratio of 1-for-5. Upon filing of the Certificate of Amendment, every five shares of the Company’s issued and outstanding common stock were automatically converted into one issued and outstanding share of common stock, without any change in par value per share. All references made to share or per share amounts in the accompanying consolidated financial statements and applicable disclosures have been retroactively adjusted to reflect the 1-for-5 reverse stock split. See Notes 18 Subsequent Events for additional information about the reverse stock split. Use of estimates and assumptions The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements and footnotes. Significant accounting estimates reflected in the Company’s consolidated financial statements include the useful lives and impairment of property, plant and equipment, collectability of receivables, realization of deferred tax assets, inventory valuation, 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 second quarter of the fiscal year ended June 30, 2016 due to environmental act passed by the central government of PRC and Blue Sky Action Plan implemented by the province of Henan, 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). In July and October 2017, Yulong Renewable has received a total of $5,899,183 (RMB40million). Moreover, the Company is working to pursue the potential acquirers for Yulong Renewable’s business. Yulong Bricks and Yulong Concrete gradually resumed their sales revenue by 15% in the fourth quarter from the first and second quarters in 2017. 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”. Assets and liabilities are translated at the unified exchange rate as quoted by the People’s Bank of China (the “PBOC”) at the end of the period. Income and expense accounts are translated at the average translation rates and the equity accounts are translated at historical rates. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statement of equity. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Translation adjustments included in accumulated other comprehensive income amounted to $(1,497,938) and $(1,219,184) as of June 30, 2017 and 2016, respectively. The balance sheet amounts, with the exception of equity, at June 30, 2017 and 2016 were translated at RMB 6.78 and RMB 6.64 to $1.00, respectively. The equity accounts were stated at their historical rate. The average translation rate applied to statement of income and other comprehensive income accounts for the years ended June 30, 2017 and 2016 was RMB 6.81 and RMB 6.43, 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 June 30, 2017 and 2016, the Company had approximately $1,812,829 (RMB 12,292,063) and $2,734,015 (RMB 18,165,703), 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, as further discussed in Note 4. Management reviews its accounts receivable balances each reporting period to determine if an allowance for doubtful accounts is required. An estimate for doubtful accounts is recorded based on the collectability of all accounts receivables, which takes into account the number of days past due, collection history, identification of specific customer exposure and current economic trends. Bad debts are written off against the allowance after all collection efforts have ceased. For the years ended June 30, 2017 and 2016, the Company recorded in the aggregate of approximately $5.9 million (RMB 39.8 million) and $3.9 million (RMB 26.2 million) 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 June 30, 2017 and 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. Plant and equipment Plant and equipment are stated at cost. Depreciation is provided over the estimated useful life of each class of depreciable assets and is computed using the straight-line method over the useful lives of the assets are as follows: Useful Life Buildings and improvements 10-30 years Machinery and equipment 5-10 years Transportation equipment 5-10 years Office equipment 3-5 years The Company accounts for all significant leases as either operating or capital. At lease inception, if the lease meets any of the following four criteria, the Company will classify it as a capital lease; otherwise it will be treated as an operating lease: (a) transfer of ownership to lessee at the end of the lease term, (b) bargain purchase option, (c) lease term is equal to 75% or more of the estimated economic life of the leased property, or (d) the present value of the minimum lease payments is 90% or more of the fair value of the leased asset. The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the consolidated statements of income and comprehensive income. Construction-in-progress represents labor costs, materials, and capitalized interest incurred in connection with the construction. Interest incurred during construction is capitalized into construction in progress. All other interest is expensed as incurred. No depreciation is provided for construction in progress until it is completed and placed into service. Expenditures for maintenance and repairs are charged to earnings as incurred while additions, renewals and betterments are capitalized. Prepayments Prepayments represent advances made to certain suppliers for equipment purchases or advance made to contractors in connection with the Company’s construction-in-progress. Prepayments also include advances made to a village committee in connection with acquiring land use rights. Management regularly reviews aging of prepayments and records an allowance when management believes collection of equipment, land use rights, or services to be performed due are at risk. Advances aged over one year and considered uncollectible are written off after exhaustive efforts at collection. No allowance for doubtful accounts is considered necessary at the balance sheet dates. Intangible assets Intangible assets are carried at cost less accumulated amortization. The Company accounts for all significant leases of land use rights for purposes of classification as either operating or capital. At lease inception, if the lease meets either of the following two criteria, the Company will classify it as a capital lease: (a) transfer of ownership to lessee at the end of the lease term, or (b) bargain purchase option. Otherwise, the lease will be treated as an operating lease. Intangible assets with finite useful lives are amortized using a straight-line method of amortization that reflects the estimated pattern in which the economic benefits of the intangible asset are to be consumed. The original estimated useful life for the land use rights of each entity is as follows: Entity Description of assets Estimated useful life Yulong Bricks Land use right 50 Yulong Concrete Land use right 50 Yulong Renewable Land use right 50 Intangible assets are reviewed at least annually, more often when circumstances require, to determine whether their carrying values have become impaired. The Company considers an asset to be impaired if its carrying value exceeds the future projected cash flows from related operations. The Company also re-evaluates the periods of amortization to determine whether subsequent events and circumstances warrant revised estimates of useful lives. Impairment for long-lived assets Long-lived assets, including buildings and improvements, equipment and intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based on the undiscounted future cash flows the assets are expected to generate and recognizes an impairment loss when estimated undiscounted 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. In the fiscal years ended June 30, 2017 and 2016, the Company has recorded $49.7 million (RMB336.9 million) and $48.8 million (RMB323.9 million), respectively, provision on impairment on its long-lived assets on Yulong Renewable’s buildings and improvements, equipment, vehicles and construction in progress. Fair Values of Financial Instruments ASC Topic 825, Financial Instruments (“Topic 825”) requires disclosure of fair value information of financial instruments, whether or not recognized in the balance sheets, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. Topic 825 excludes certain financial instruments and all non-financial assets and liabilities from its disclosure requirements. Accordingly, the aggregate fair value amounts do not represent the underlying value of the Company. The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3 inputs to the valuation methodology are unobservable and significant to the fair value. The Company considers the carrying amount of cash, accounts receivable, other receivables, accounts payable, notes payable and other short-term payables, to approximate their fair values because of the short period of time between the origination of such instruments and their expected realization. The Company determined that the carrying value of the noncurrent capital lease obligations approximated their fair value using level 2 inputs by comparing the stated loan interest rate to the rate charged by the PBOC on similar loans. 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 June 30, 2017: Carrying value at June 30, Fair value measurement at Level 1 Level 2 Level 3 Warrant liabilities $ 2,700 $ - $ - $ 2,700 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 June 30, 2017: June 30, Beginning fair value $ - Recognized fair value at issuance on July 1, 2015 475,380 Realized gain recorded in earnings (472,680 ) Ending fair value $ 2,700 Revenue recognition The Company recognizes revenue in accordance with ASC 605, Revenue Recognition Revenue 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 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. Recycling revenues includes sales of recycled aggregates and recycled bricks. Sales agreements are signed with each customer. Revenue is recognized similar to sales of concrete and bricks. Recycling revenue also include hauling services of construction waste. The Company operates a fleet of trucks to haul construction waste, consisting primarily of bricks and concrete, from construction and demolition sites. Revenue is recognized upon completion of hauling from the construction and demolition sites per truckloads. 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 $105,060, $285,246 and $316,256 for the years ended June 30, 2017, 2016 and 2015, respectively. Depreciation expense amounted to $11,333, $36,687 and $188,662 for the years ended June 30, 2017, 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 June 30, 2017 and 2016, $1,812,829 (RMB 12,292,063) and $2,734,015 (RMB 18,165,703) were deposited with various major financial institutions located in the PRC, respectively. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness. Historically, deposits in Chinese banks are secure due to state policy to protect depositor interests. However, China promulgated a Bankruptcy Law in August 2006 that came into effect on June 1, 2007, which contains a separate article expressly stating that the State Council may promulgate implementation measures to provide for the bankruptcy of Chinese banks based on the Bankruptcy Law. Under the current Bankruptcy Law, a Chinese bank may file bankruptcy if it deems itself to be insolvent. In addition, since China’s concession to the World Trade Organization, foreign banks have been gradually permitted to operate in China and have intensified competition in many aspects, especially since the opening of the Renminbi business to foreign banks in late 2006. Therefore, the risk of bankruptcy at the institutions that the Company maintains deposits has increased. In the event of bankruptcy, the Company is unlikely to reclaim its deposits in full since it is unlikely to be classified as a secured creditor under PRC laws. Accounts receivable are typically unsecured and derived from revenue earned from customers, thereby exposed to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring of outstanding balances. The Company maintains reserves for estimated credit losses, and such losses have generally been within expectations. Customer and vendor concentration risk For the years ended June 30, 2017, one customer accounted for 14% of the Company’s total revenues. For the years ended June 30, 2016 and 2015, no customer accounted for more than 10% of the Company’s total revenues. As of June 30, 2017, two customers accounted for 21% and 15% of the Company’s total accounts receivable, respectively. As of June 30, 2016, two customers accounted for 26% and 19% of the Company’s total accounts receivable, respectively. As of June 30, 2015, two customers accounted for 12% and 11% of the Company’s total accounts receivable, respectively. For the year ended June 30, 2017, four major suppliers accounted for 26%, 21%, 19% and 11% of the Company’s total purchases. For the year ended June 30, 2016, four major suppliers accounted for 26%, 18%, 16% and 10% of the Company’s total purchases. For the year ended June 30, 2015, four major suppliers accounted for 19%, 19%, 14% and 13% of the Company’s total purchases. As of June 30, 2017, three suppliers accounted for 33%, 21% and 18% of the Company’s accounts payable balances. As of June 30, 2016, five suppliers accounted for 21%, 19%, 16%, 16% and 11% of the Company’s accounts payable balances. As of June 30, 2015, three suppliers accounted for 32%, 23% and 18% of the Company’s account payable balance. Income taxes The Company accounts for income taxes using the liability method. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company records a valuation allowance against deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. The Company applies ASC 740, Accounting for Income Taxes As of June 30, 2017, Yulong WFOE and the VIEs have each filed income tax returns in China for the years ended December 31, 2010 to 2016. 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 income and other comprehensive 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. Earnings per share Earnings per share are calculated in accordance with ASC 260-10, Earnings per Share Comprehensive income Comprehensive income is defined to include all changes in shareholders’ equity except those resulting from investments by owners and distributions to owners. Among other disclosures, ASC 220-10, Comprehensive Income Employee benefit The full-time employees of Yulong WFOE and the VIEs are entitled to staff welfare benefits including medical care, housing fund, pension benefits and unemployment insurance, which are government mandated defined contribution plans. The Company is required to accrue for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash contributions to the state-sponsored plans out of the amounts accrued. Total expense for the plans was $86,213, $55,540 and $118,410 for the years ended June 30, 2017, 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, We expect to implement the new revenue standards for the fiscal year ended June 30, 2018. We are still in the processing of evaluating the financial statement impacts of the new revenue standards and have not yet selected a transition approach. 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 Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . Income Taxes: Statement of Cash Flows Statement of Cash Flows (Topic 230), Restricted Cash Business Combination: Financial Instruments: Leases Stock-based Compensation Financial Instruments - Credit Losses Revenue Recognition and Leases: Management does not expect the adoption of ASU 2017-13 to have any material impact on its financial position results of operations or cash flows.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Jun. 30, 2017
Variable Interest Entities [Abstract]
Variable Interest Entities	Note 3 – Variable Interest Entities On September 2, 2011, Yulong WFOE entered into the Contractual Arrangements with each Yulong operating company and its shareholders. The Contractual Arrangements were subsequently amended on April 21, 2014, and again on June 24, 2015, with respect to Yulong Renewable. The significant terms of the Contractual Arrangements are summarized in “Note 1 - Nature of business and organization” above. As a result of the Contractual Arrangements, the Company classifies each Yulong operating company as a VIE. VIEs are entities that have either a total equity investment that is insufficient to permit the entity to finance its activities without additional subordinated financial support, or whose equity investors lack the characteristics of a controlling financial interest, such as through voting rights, right to receive the expected residual returns of the entity or obligation to absorb the expected losses of the entity. The variable interest holder, if any, that has a controlling financial interest in a VIE is deemed to be the primary beneficiary and must consolidate the VIE. Yulong WFOE is deemed to have a controlling financial interest and be the primary beneficiary of each Yulong operating company because it has both of the following characteristics: (1) The power to direct activities at each Yulong operating company that most significantly impact such entity’s economic performance, and (2) The obligation to absorb losses of, and the right to receive benefits from, each Yulong operating company that could potentially be significant to such entity. Pursuant to the Contractual Arrangements, each Yulong operating company pays service fees equal to all of its net profit after tax payments to Yulong WFOE. At the same time, Yulong WFOE is obligated to absorb all of their losses. The Contractual Arrangements are designed so that the Yulong operating companies operate for the benefit of Yulong WFOE and ultimately, the Company. Accordingly, the accounts of the Yulong operating companies are consolidated in the accompanying financial statements pursuant to ASC 810-10, Consolidation. In addition, their financial positions and results of operations are included in the Company’s financial statements. The Yulong operating companies are owned and controlled by their founder, with the other shareholders holding equity interests on behalf and for the benefits of the founder. Such arrangements are memorialized in agreements between the founder and the other shareholders entered into prior to the completion of the share exchange transaction between the Company and Yulong BVI in December 2011 (see “1 – Nature of business and organization – Share Exchange Agreement” above). Through such arrangements, the founder can direct and cause Yulong WFOE and the Yulong operating companies to enter into the Contractual Arrangements, and to amend such agreements as necessary, at any time. Accordingly, beginning on July 1, 2011, Yulong BVI has been consolidating the accounts of the Yulong operating companies because they were under common control since such time in accordance with ASC 805-50, Business Combination. For this reason, the Contractual Arrangements have been accounted for as a reorganization of entities and the consolidation of the Yulong operating companies through the Contractual Arrangements has been accounted for at historical cost and prepared on the basis as if the Contractual Arrangements became effective as of the beginning of the first period presented on July 1, 2011 in the accompanying consolidated financial statements. The carrying amount of the VIEs’ consolidated assets and liabilities are as follows for the years indicated: June 30, June 30, Current assets $ 8,319,461 $ 10,068,142 Plant and equipment, net 6,655,838 7,425,446 Other noncurrent assets 17,659,042 18,306,223 Total assets 32,634,341 35,799,810 Total liabilities 35,415,311 33,130,293 Net (liabilities) assets $ (2,780,970 ) $ 2,669,518 The VIEs’ liabilities consist of the following for the years indicated: June 30, 2017 2016 Current liabilities: Short term loan - banks $ 5,542,420 $ 5,674,011 Accounts payable 2,303,247 1,710,881 Other payables and accrued liabilities 7,458,261 5,973,602 Payroll Payable 656,890 546,990 Other payables - related parties - 1,907,458 Customer deposits 4,448,219 2,571,846 Taxes payable 1,316,110 1,497,583 Capital lease obligations-current 4,804,770 4,062,291 Intercompany payable 8,885,394 9,156,779 Total current liabilities 35,415,311 33,101,441 　 　 Long term liabilities: 　 Capital lease obligations-non-current - 28,852 Total long term liabilities - 28,852 Total liabilities $ 35,415,311 $ 33,130,293 The operating results of the VIEs are as follows: For the Year Ended June 30, 2017 2016 2015 Revenue $ 9,506,703 $ 42,644,431 $ 46,230,384 Gross profit 1,895,879 16,478,918 16,867,399 (Loss) income from operations (4,721,772 ) (47,246,203 ) 13,964,941 Net (loss) income $ (6,368,803 ) $ (51,341,076 ) $ 9,786,060

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Jun. 30, 2017
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: June 30, June 30, Accounts receivable $ 10,829,140 $ 9,666,112 Less: allowance for doubtful accounts (5,863,947 ) (3,937,778 ) Total accounts receivable, net $ 4,965,193 $ 5,728,334 Movement of allowance for doubtful accounts is as follows for the years indicated: June 30, June 30, Beginning balance $ 3,937,778 $ - Charge to expense (benefit) 1,995,887 4,067,144 Exchange rate effect (69,718 ) (129,366 ) Ending balance $ 5,863,947 $ 3,937,778

Deposits and Other Receivables

Deposits and Other Receivables	12 Months Ended
	Jun. 30, 2017
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: June 30, June 30, Refundable deposits for equipment purchase $ 436,983 $ 444,439 Deposit for outsourcing agreement (1) 440,388 235,176 Deposit for new project - 63,739 Advances to employees (2) 241,365 240,474 Insurance compensation 15,555 15,874 Deposit for construction in progress 8,120 - Deposit with government agency 25,072 3,011 Total $ 1,167,483 $ 1,002,713 Other receivables, non-current consisted of the following: June 30, June 30, Refundable deposit – construction (3) $ 15,411,615 $ 15,727,696 Total $ 15,411,615 $ 15,727,696 (1) In December 2011 and May 2016, Yulong Bricks agreed to outsource some brick production to Pingdingshan Hongrui New Construction Materials Co., Ltd., an unrelated third party, and paid approximately $132,732 and $97,719, respectively, as security deposits, which is due on demand. In September 2016, Yulong Concrete and Yulong Renewable submitted a construction bid to Jiyuan Construction Engineering Co. Ltd and paid $73,740 and $136,198 as security deposits. (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. (3) The Company had entered into a cancellation agreement with Pingdingshan City HuaShen Trading Co. Ltd in July 2017. The agreement provides that Yulong Renewable cancelled its purchase agreement with Pingdingshan City HuaShen Trading Co. Ltd signed on March 15, 2016. Under the purchase agreement, Yulong Renewable had remitted a payment of $15.4 million (RMB104.5 million) related to the purchase of equipment, in connection with the construction of Yulong Renewable’s waste recycling plant and factory construction to the contractor. The cancellation agreement provides that the contractor would refund the payment to Yulong Renewable in five (5) equal installment amount on July 10, 2017, October 10, 2017, January 10, 2018, April 10, 2018 and July 10, 2018. The first and second installments of $5,899,183 (RMB 40 million) were received subsequently in July 2017 and October 2017, respectively, per the refund schedule.

Inventories

Inventories	12 Months Ended
	Jun. 30, 2017
Inventories [Abstract]
Inventories	Note 6 – Inventories Inventories consisted of the following for the years indicated: June 30, June 30, Raw materials $ 138,528 $ 285,459 Semi-finished byproduct 33,145 34,236 Finished goods 37,529 45,196 Total inventories $ 209,202 $ 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. As of June 30, 2017 and 2016, management believed that no inventory allowance was deemed necessary.

Plant and Equipment, Net

Plant and Equipment, Net	12 Months Ended
	Jun. 30, 2017
Plant and Equipment, Net [Abstract]
Plant and equipment, net	Note 7 – Plant and equipment, net Plant and equipment consisted of the following for the years indicated: June 30, June 30, Building and improvements $ 24,238,100 $ 24,735,204 Machinery and equipment 7,251,048 7,335,708 Machinery and equipment under capital lease 2,057,638 2,099,839 Transportation equipment 779,796 855,598 Transportation equipment under capital lease 2,633,607 2,687,620 Office equipment 109,859 109,993 Construction-in-progress 28,492,251 27,111,181 Subtotal 65,562,299 64,935,143 Less: accumulated depreciation (9,213,510 ) (8,754,140 ) Less: impairment reserve for fixed assets & CIP (49,692,949 ) (48,755,558 ) Total $ 6,655,840 $ 7,425,445 As of June 30, 2017 and 2016, Yulong Renewable has impairment reserves for its building and improvements, machinery and equipment, transportation equipment and construction-in-progress of and $49,692,949 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 fiscal year 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 $40.4million, of which approximately $8.0 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, $7.8 million (RMB 51.6 million) as of June 30, 2017. 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 44.2 million (RMB 300 million). As of June 30, 2016, the Company has incurred approximately $34.2 million (RMB 231.7 million) in construction-in-progress pertinent to this construction and has paid $33.6 million (RMB 227.7 million) to the contractor. 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, $15.3 million (RMB 104.5 million) would be refundable by the contractor in five (5) equal installments commencing in July 2017. The first and second installments of approximately $5.9 million were received subsequently in July and October 2017 as per the refund schedule. This amount of $15.3 million was presented as other receivable, non-current, on the consolidated balance sheets. The remaining construction-in-progress balance related to this construction, approximately $18.7 million (RMB126.8 million), was considered suspended and the Company recorded an impairment provision for the entire amount, $18.7 million (RMB 126.8 million). Additional Yulong Renewable placed other CIP projects on hold in August 2016 and placed an impairment reserve against the related CIP expenditures such as designer’s fee, exploration fee and equipment in a total amount of $0.2 million (RMB 1.56 million). Construction-in-progress consisted of the following as of June 30, 2017: Construction-in-progress description Value Estimated Estimated additional cost to complete Office buildings, staff facilities, equipment and machinery $ 7,218 Early 2018 $ - Autoclave installation $ 12,601 Early 2018 $ - Total $ 19,819 $ - Depreciation expense is $632,319 and $2,114,469 for the years ended June 30, 2017 and 2016, 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 $134,000 (RMB 908,240). The lease requires a one-time payment of $37,952 and an additional $5,828 as a security deposit paid in March 2014, monthly lease payments of approximately $5,000 from June 2014 to May 2016, with interest rate per annum of 8.8%. The ownership of the trucks will transfer to the Company if there is no default of the lease payments at the end of the lease term (see Note 12). As of June 30, 2017, the outstanding balance of the capital lease obligation is $58,578 (RMB 397,194). In March 2014, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $51,000 (RMB 345,780). The lease requires a one-time payment of $17,758 and an additional $5,549 as a security deposit paid in March 2014, monthly lease payments of approximately $3,000 from June 2014 to November 2015, with interest rate per annum of 8.5%. The ownership of the trucks will transfer to the Company if there is no default of the lease payments at the end of the lease term (see Note 12). As of June 30, 2017, the Company paid off the lease and 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 $190,000 (RMB 1,285,000). The lease requires a one-time payment of $54,506 and an additional $8,414 as a security deposit paid in October 2014, monthly lease payments of approximately $8,000 from November 2014 to October 2016, with interest rate per annum of 8.7%. The ownership of the excavator will transfer to the Company if there is no default of the lease payments at the end of the lease term (see Note 12). As of June 30, 2017, the outstanding balance of the capital lease obligation is $238,156 (RMB 1,614,841). In September 2014, the Company entered into a lease agreement with a third party to lease an excavator for two years for approximately $131,000 (RMB 890,000). The lease requires a one-time payment of $37,952 and an additional $5,828 as a security deposit paid in October 2014, monthly lease payments of approximately $5,000 from November 2014 to October 2016, with interest rate per annum of 8.7%. The ownership of the excavator will transfer to the Company if there is no default of the lease payments at the end of the lease term (see Note 12). As of June 30, 2017, the outstanding balance of the capital lease obligation is $164,948 (RMB 1,118,446). In September 2014, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $50,000 (RMB 339,000). The lease requires a one-time payment of $17,758 and an additional $5,549 as a security deposit paid in October 2014, monthly lease payments of approximately $3,000 from November 2014 to April 2016, with interest rate per annum of 8.3%. The ownership of the loader will transfer to the Company if there is no default of the lease payments at the end of the lease term (see Note 12). In May 2016, the lessor verbally agreed to extend the due date to October 2016. As of June 30, 2017, the outstanding balance of the capital lease obligation is $79,515 (RMB 539,159). In September 2014, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $50,000 (RMB 338,000). The lease requires a one-time payment of $17,706 and an additional $5,533 as a security deposit paid in October 2014, monthly lease payments of approximately $3,000 from November 2014 to April 2016, with interest rate per annum of 8.3%. The ownership of the loader will transfer to the Company if there is no default of the lease payments at the end of the lease term (see Note 12). As of June 30, 2017, the outstanding balance of the capital lease obligation is $79,280 (RMB 537,566). In September 2014, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $50,000 (RMB 338,000). The lease requires a one-time payment of $17,706 and an additional $5,533 as a security deposit paid in October 2014, monthly lease payments of approximately $3,000 from November 2014 to April 2016, with interest rate per annum of 8.3%. The ownership of the loader will transfer to the Company if there is no default of the lease payments at the end of the lease term (see Note 12). As of June 30, 2017, the outstanding balance of the capital lease obligation is $79,280 (RMB 537,566). In June 2015, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $49,000 (RMB 330,000). The lease requires a one-time payment of $15,893 which includes $4,967 as a security deposit paid in June 2015, monthly lease payments of approximately $2,359 from August 2015 to January 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 (see Note 12). In June 2015, the Company entered into a lease agreement with a third party to lease a loader for eighteen months for approximately $50,000 (RMB 336,600). The lease requires a down payment of $16,182 which includes $5,056 as a security deposit paid in June 2015, monthly lease payments of approximately $2,401 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 (see Note 12). In June 2015, the Company entered into a lease agreement with a third party to lease a digging machine for eighteen months for approximately $134,000 (RMB 908,240). The lease requires a down payment of $34,893 which includes $5,358 security deposit paid in June 2015, monthly lease payments of approximately $4,886 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 (see Note 12). In June 2015, the Company entered into a lease agreement with a third party to lease a digging machine for eighteen months for approximately $134,000 (RMB 908,240). The lease requires a one-time down payment of $34,893 which includes 5,358 security deposit paid in June 2015, monthly lease payments of approximately $4,886 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 (see Note 12). Transportation equipment under capital leases In October 2012, the Company entered into a lease agreement with a third party to lease ten waste hauling trucks for two years for approximately of $607,000 (RMB 4,114,208), including $46,899 (RMB 318,000) as security deposits and $61,204 (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 $24,000 originally from June 2013 to May 2015, with interest rate at 18.2% per annum. The ownership of the trucks has been transferred to the Company with an attached lien that will be removed if there is no default of the lease payments at the end of the extended lease term (see Note 12). As of June 30, 2017, the Company paid off the lease and ownership of the machines was transferred to the Company. 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 $594,000 (RMB 4,027,225), including $46,899 (RMB 318,000) as security deposits and $51,323 (RMB 348,000) for insurance. The lease also requires a one-time payment of $163,704 on April 30, 2013, monthly lease payments of approximately $32,000 from July 2013 to June 2014, and monthly lease payments of approximately $16,000 originally from July 2014 to June 2015, with interest rate at 16.8% per annum. The ownership of the trucks has been transfer to the Company with an attached lien that will be removed if there is no default of the lease payments at the end of the extended lease term (see Note 12). As of June 30, 2017, the amount outstanding was $119,906 (RMB 813,035). In January 2014, the Company entered into a memorandum of understanding to lease 100 waste hauling trucks with a third party for approximately $62,000 (RMB 418,000) per truck. In July 2014, the Company entered into a binding agreement with the same party to lease the first 30 trucks for two years for approximately $1,639,235 (RMB 11,115,000), or approximately $54,641 (RMB 370,500) per truck. The lease also requires a one-time payment of $345,102 (RMB 2,340,000) as security deposit paid in July 2014 and monthly lease payments of approximately $89,000 from August 2014 to July 2016, with interest rate at 15.6% per annum. The Company has an option to purchase the vehicles for $491 if there is no default of the lease payments at the end of the lease term (see Note 12). As of June 30, 2017, 30 trucks have been leased. The Company recognized approximately $76,854 and $123,478 of interest expense related to the above capital lease equipment for the years ended June 30, 2017 and 2016, respectively. The Company recognized approximately $238,213 and $762,560 of depreciation expense related to the above capital lease equipment for the years ended June 30, 2017 and 2016, respectively. The carrying value of leased assets under capital leases consists of the following for the years indicated: June 30, June 30, Machinery and equipment $ 2,057,638 $ 2,099,839 Transportation equipment 2,633,607 2,687,620 Subtotal 4,691,245 4,787,459 Less: accumulated depreciation (1,657,610 ) (1,691,606 ) Less: impairment provision (3,033,635 ) (3,095,853 ) Total $ - $ -

Prepayments, Net

Prepayments, Net	12 Months Ended
	Jun. 30, 2017
Prepayments, Net [Abstract]
Prepayments, net	Note 8 – Prepayments, net Prepayments consisted of the following for the years indicated: June 30, June 30, Prepayment for equipment purchase $ 14,748 $ 15,050 Prepayment for construction (a) 2,719,889 2,769,652 Subtotal 2,734,637 2,784,702 Reserve for prepayment for construction (a) (2,719,889 ) (2,769,652 ) Total prepayment, net $ 14,748 $ 15,050 (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 $2,719,889 (RMB18,442,479) and $2,769,652 (RMB18,402,479) as of June 30,2017 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, $2,719,889 (RMB18,442,479) and $2,769,652 (RMB18,402,479) as of June 30,2017 and June 30, 2016, respectively, as there is an uncertainty in the refundable status of the construction vendors.

Intangibles, Net

Intangibles, Net	12 Months Ended
	Jun. 30, 2017
Intangibles, Net [Abstract]
Intangibles, net	Note 9 – Intangibles, net Intangible assets consisted of the following for the years indicated: June 30, June 30, Land use rights under capital lease $ 4,746,119 $ 4,843,458 Less: accumulated amortization (472,082 ) (425,701 ) Less: impairment reserve (2,208,668 ) (2,253,966 ) Total $ 2,065,369 $ 2,163,791 Land use rights under capital leases All land in the PRC is state-owned, but the government can grant “land use rights”. The Company acquired three land use rights in 2007, 2009 and 2015 for a total of $4,481,698 (RMB 30,388,600) and incurred $263,861 (RMB 1,789,135) of associated costs. The Company has not completed the ownership transfer registration for such rights. Pursuant to supplement land usage reimbursement agreements between Yulong Bricks and the Villagers’ Committee of Xiwuzhuang Village dated February 12, 2014, between Yulong Concrete and the Villagers’ Committee of Gaozhuang Village dated February 12, 2014, and between Yulong Renewable and the Villagers’ Committee of Lvzhuang Village dated September 6, 2015, the purchase price may be accounted for as lease expenses over 50 years, which will expire in December 2058 with respect to Yulong Bricks and Yulong Concrete, and in March 2065 with respect to Yulong Renewable, until the Company can complete such registration. Amortization expense for the years ended June 30, 2017 and 2016 amounted to $54,678 and $103,416, respectively. The estimated amortization expenses for each of the five succeeding years is as follows: Year ending June 30, Estimated 2018 $ 49,727 2019 49,727 2020 49,727 2021 49,727 2022 49,727 Thereafter 1,816,734 Total $ 2,065,369

Short-Term Loans

Short-Term Loans	12 Months Ended
	Jun. 30, 2017
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 as of the years indicated: Due to banks June 30, June 30, Loan from Pingdingshan Bank, which was originally due in April 2015, with loan amount $589,918 (RMB 4,000,000) and annual interest of 12%. The Company repaid $265,464 (RMB 1,800,000) in April 2015 and obtained the Bank’s approval to extend the remaining $324,456 (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 accrued additional interest expense in an amount of $ 56,891 (RMB 385,758) after the verdict issued by the district court of the city of Pingdingshan. $ 324,456 $ 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 obtaining a new loan in January 2017 and the interest rate is 10.8% per annum. 2,138,454 2,182,312 Loan from Pingdingshan Bank, original loan amount $663,658 (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 accrued additional interest expense in an amount of $ 812,56 (RMB 550,967) after the verdict issued by the district court of the city of Pingdingshan. 663,658 677,269 Loan from Pingdingshan rural credit cooperative union, original loan amount $663,658 (RMB 4,500,000) at an interest rate 11%, 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. 663,658 677,269 from China Construction Bank, original loan amount $589,918 (RMB4,000,000), matures in June 2016. Interest rate is 6.4% and 9.6% per annum as of June 30, 2016 and 2017, respectively. Guaranteed by Yulong Concrete and a third party. The Company is settling with the bank on loan extension subsequently. The amount of $17,560 (RMB 119,069) has been repaid by Mr. Zhu in the fiscal year 2017. 572,358 602,017 Loan from Pingdingshan Bank, original loan amount $589,918 (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 accrued an additional interest expense in an amount of $62,945 (RMB 426,808) after the verdict was issued by the district court of the city of Pingdingshan. 589,918 602,017 Loan from Pingdingshan Bank, original loan amount $589,918 (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 accrued an additional interest expense in an amount of $ 24,317(RMB 164,884) after the verdict was issued by the district court of the city of Pingdingshan. 589,918 602,017 Total short-term loans - bank $ 5,542,420 $ 5,674,011 Interest expense on debts for the years ended June 30, 2017 and 2016 amounted to $646,734 and $783,190, respectively. No interest expense has been capitalized into construction-in-progress due to all borrowings were for working capital purposes.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2017
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. Amount due to related parties consisted of the following: Name of related parties Relationship Nature of June 30, June 30, Yulong Zhu Founder Loan for operating cash flows $ 1,047,631 $ 1,488,794 Henan Yuliang Hotel Co., Ltd. Owned by founder Loan for operating cash flows - 15,050 Lei Zhu Relative of founder Loan for operating cash flows 452,120 461,393 Total other payables-due to related parties $ 1,499,751 $ 1,965,237 Amount due from related parties consisted of the following: Name of related parties Relationship Nature of June 30, June 30, Hu Zhu Relative of founder Other receivables from miscellaneous transactions $ 886 $ Total due from related parties $ 886 $ - Other payables-related parties, net $ 1,498,865 $ 1,965,237

Capital Lease Obligations

Capital Lease Obligations	12 Months Ended
	Jun. 30, 2017
Capital Lease Obligations [Abstract]
Capital lease obligations	Note 12 – Capital lease obligations Capital lease obligations consisted of the following: June 30, June 30, Lease obligations for ten waste hauling trucks expired June 2015, lease payment at $28,858 (RMB195,676) and $14,848 (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 a repayment plan with the lessor subsequently. 119,906 122,366 Lease obligations for an excavator expiring in May 2016, lease payment at $ 4,787 (RMB32,462) per month with interest at 8.8% per annum. The Company is arranging a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $30,617 (RMB 207,602). 58,578 28,535 Lease obligations for thirty waste hauling trucks expiring in July 2016, lease payment at $80,236 (RMB544,050) per month with interest at 15.6% per annum. The Company is arranging a repayment plan with the lessor subsequently. The lease agreement provides that 0.1% per day penalty fee will be applied to the outstanding balance of lease obligation. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $482,499 (RMB 3,271,632). 1,901,613 1,449,258 Lease obligation for a loader expired in April 2016, lease payment at $ 2,375 (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 a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $41,560 (RMB 281,803). 79,515 38,733 Lease obligation for a loader expired in April 2016, lease payment at $2,367 (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 a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $41,437(RMB 280,971). 79,280 38,619 Lease obligation for an excavator expiring in October 2016, lease payment at $6,914 (RMB46,870) per month with interest at 8.7% per annum. The Company is arranging a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $103,908 (RMB 704,559). 238,156 137,504 Lease obligation for an excavator expiring in October 2016, lease payment at $4,787 (RMB32,462) per month with interest at 8.7% per annum. The Company is arranging a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $71,967(RMB 487,982). 164,948 95,236 Lease obligation for a land use right which the Company expects to pay in full in late 2017. 1,888,766 1,927,500 Lease obligation for an excavator commenced on August 1, 2015 expiring on July 1, 2017, total obligation is approximately $149,092 (RMB1,010,928), lease payment at $4,787 (RMB32,462) per month with interest at 9.593%. The Company is arranging a repayment plan with the lessor subsequently. 92,440 98,587 Lease obligation for an excavator commenced on August 1, 2015 expiring on July 1, 2017, total obligation is approximately $149,092 (RMB1,010,928), lease payment at $4,787 (RMB32,462) per month with interest at 9.593%. The Company is arranging a repayment plan with the lessor subsequently. 92,440 98,587 Lease obligation for a loader commenced on August 1, 2015 expiring on January 1, 2017, total obligation is approximately $58,220 (RMB394,764), lease payment at $2,353 (RMB15,958) per month with interest at 9.525%. The Company is arranging a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $12,036 (RMB81,614). 45,195 34,672 Lease obligation for a loader commenced on August 1, 2015 expiring on July 1, 2017, total obligation is approximately $57,180 (RMB387,714), lease payment at $2,311 (RMB15,673) per month with interest at 9.525%. The Company is arranging a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $11,821 (RMB 80,156). 44,387 34,052 Subtotal 4,805,224 4,103,649 Less: deferred interest (454 ) (12,506 ) Capital lease obligations, net 4,804,770 4,091,143 Less: capital lease obligations - current (4,804,770 ) (4,062,291 ) Capital lease obligations – non-current $ - $ 28,852 As of June 30, 2017 and 2016, the Company has accrued interest of $76,854 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 years ended June 30, 2017 and 2016 amounted to $11,746 and $123,478, respectively. Future annual capital lease payments approximately consist of the following: Twelve months ending June 30, Amount 2018 $ 4,804,770 - Total $ 4,804,770

Taxes

Taxes	12 Months Ended
	Jun. 30, 2017
Taxes [Abstract]
Taxes	Note 13 – Taxes Income taxes Cayman Islands Yulong Eco-Materials is incorporated in the Cayman Islands and conducts all of its business through its PRC subsidiary and VIEs. Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gains. In addition, upon payments of dividends by these entities to their shareholders, no Cayman Islands withholding tax will be imposed. British Virgin Islands Yulong BVI is incorporated in the British Virgin Islands and conducts all of its businesses through its PRC subsidiary and VIEs. Under the current laws of the British Virgin Islands, Yulong BVI is not subject to tax on income or capital gains. In addition, upon payments of dividends by these entities to their shareholders, no British Virgin Islands withholding tax will be imposed. Hong Kong Yulong HK is incorporated in the Hong Kong and conducts all of its businesses through its PRC subsidiary and VIEs. Companies registered in Hong Kong are subject to Hong Kong Profits Tax on the taxable income as reported in their respective statutory financial statements adjusted in accordance with relevant Hong Kong tax laws. The applicable tax rate is 16.5% in Hong Kong. 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. The net operating losses carried forward incurred by Yulong Hong Kong were approximately $2,071,316 and $1,110,033 as of June 30, 2017 and 2016, respectively, which can be carried forward indefinitely under the pertinent Hong Kong profit tax laws. A full valuation allowance, $341,767 and $183,155 has been recorded as of June 30, 2017 and 2016, respectively, because it is considered more likely than not that the deferred tax assets will not be realized through sufficient future earnings of the entity to which the operating losses relate. PRC Yulong WFOE and the VIEs are governed by the income tax laws of the PRC and the income tax provision in respect to operations in the PRC is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof. Under the Enterprise Income Tax Laws of the PRC (the “EIT Laws”), Chinese enterprises are subject to income tax at a rate of 25% after appropriate tax adjustments. Yulong Bricks utilizes recycled raw materials to produce bricks and is qualified for preferential income tax granted by the State Administration of Taxation: only 90% of revenue attributable to utilization of recycled materials counts for taxable revenue. Under the EIT Laws, dividends paid by PRC enterprises out of profits earned post-2007 to non-PRC tax resident investors are subject to PRC withholding tax of 10%. A lower withholding tax rate may be applied based on applicable tax treaty with certain countries. The EIT Laws also provide that enterprises established under the laws of foreign countries or regions and whose “place of effective management” is located within the PRC are considered PRC tax resident enterprises and subject to PRC income tax at the rate of 25% on worldwide income. The definition of “place of effective management” refers to an establishment that exercises, in substance, overall management and control over the production and business, personnel, accounting, properties, and other aspects of an enterprise. No detailed interpretation or guidance has been issued to define “place of effective management”. Furthermore, the administrative practice associated with interpreting and applying the concept of “place of effective management” is unclear. If the Company is deemed as a PRC tax resident, it would be subject to PRC tax under the EIT Law. The Company has analyzed the applicability of this law, and for each of the periods presented, the Company has not accrued for PRC tax on such basis. The Company will continue to monitor changes in the interpretation and/or guidance of this law. The net operating losses carried forward incurred by the Company’s PRC subsidiaries and VIEs were approximately $2,403,430 and $427,556 as of June 30, 2017 and 2016, respectively, which loss carry forwards gradually expire over time, the last of which expires in 2022. The related deferred tax assets were calculated based on the respective net operating losses incurred by each of the PRC subsidiaries and VIEs and the respective corresponding enacted tax rate that will be in effect in the period in which the losses are expected to be utilized. The Company recorded approximately $15,292,240 and $14,634,601 net valuation allowance as of June 30, 2017 and 2016, respectively, because it is considered more likely than not that this portion of the deferred tax assets will not be realized through sufficient future earnings of the entities to which the operating losses relate. Provision (benefit) for income taxes is comprised of the following: For the years ended 2017 2016 2015 Current $ $ $ Domestic - - - Foreign 43,262 3,265,059 3,226,780 Deferred Domestic - - - Foreign 223,291 92,180 (328,761 ) Total provision for income taxes $ 266,553 $ 3,357,239 $ 2,898,019 The following table reconciles the statutory rates in China to the Company’s effective tax rate for the years ended June 30, 2017, 2016 and 2015: June 30, June 30, June 30, Computed tax expense (benefit) with statutory tax rate 25.0 % 25.0 % 25.0 % Changes in valuation allowance (15.4 )% (29.6 )% (2.9 )% Foreign tax differential (5.4 )% 0.4 % - % Tax effect of non-deductible items (7.8 )% (1.0 )% 2.9 % PY Adjustment/True-up 0 % (0.2 )% - % Effective income tax rates (3.6 )% (5.4 )% 25.0 % The Company’s effective tax rate was (3.6)%, (5.4)% and 25.0% for the years ended June 30, 2017, 2016 and 2015, respectively. The decrease in our effective tax rate is primarily attributable to the pre-tax book loss, change in valuation allowance related to deductible temporary differences and net operating loss as well as increase in non-deductible items such as penalty. Deferred taxes Significant components of deferred tax assets and liabilities were as follows: June 30, June 30, Deferred tax assets Non-current Startup cost $ 197,174 $ 201,217 Plant and equipment (377,653 ) 140,283 Intangible assets (94,156 ) (49,556 ) Staff Education 1,463 1,493 Provision for doubtful accounts 1,465,987 1,184,219 Impairment provision for long-lived assets, intangible assets, and reserve for prepayment, non-current 13,655,377 13,444,794 Net operating loss carryforward in China 942,624 284,276 Total non-current deferred tax assets 15,790,816 15,206,726 Valuation allowance (15,634,007 ) (14,817,756 ) Total non-current deferred tax assets, net 156,809 388,970 Total deferred tax assets, net $ 156,809 $ 388,970 Uncertain tax positions As of June 30, 2017 and 2016, the Company has incurred accumulated deficit in an amount of $(39.4) million and $(32.0) million. Accordingly, aggregate undistributed earnings of Yulong WFOE and the VIEs that are available for distribution to the Company are approximately nil as of June 30, 2017 and 2016, 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 June 30, 2017 and 2016. In addition, a deferred tax liability should be recorded for taxable temporary differences attributable to the excess of financial reporting amounts over tax basis amount in the PRC subsidiary. However, recognition is not required in situations where the tax law provides a means by which the reported amount of that investment can be recovered tax-free and the enterprise expects that it will ultimately use that means. The Company has not recorded any such deferred tax liability attributable to the undistributed earnings of its financial interest in the VIEs because it believes such excess earnings can be distributed in a manner that would not be subject to income tax. There were no unrecognized tax benefits as of June 30, 2017 and 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. For the years ended June 30, 2017 and 2016, the Company did not incur any interest and penalties. Value added tax Enterprises or individuals who sell commodities, engage in repair and maintenance or import and export goods in the PRC are subject to a value added tax in accordance with PRC laws. The value added tax (“VAT”) standard rates range from 13% to 17% of the gross sales price. A credit is available whereby VAT paid on the purchases of semi-finished products or raw materials used in the production of the Company’s finished products can be used to offset the VAT due on sales of the finished product. Yulong Bricks’ products qualify for “specified building materials” under the PRC law of [2008] No. 156 and is therefore eligible for VAT tax exemption. Yulong Concrete’s products are mainly produced with cement and are eligible for a VAT at the rate of 6% of the gross sale prices under the PRC law of [2009] No. 9. Yulong Concrete’s VAT rate decreased to 3% starting in November 2014. Taxes payable Taxes payable consisted of the following: June 30, June 30, Income taxes payable $ 977,247 $ 1,126,157 VAT taxes payable 240,769 223,307 Other taxes payable 98,584 148,619 Total $ 1,316,600 $ 1,498,083

Equity

Equity	12 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Equity	Note 14 – Equity Restricted net assets (liabitilites) The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by Yulong WFOE and the VIEs only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of Yulong WFOE and the VIEs. Each of Yulong WFOE and the VIEs is required to set aside at least 10% of its after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of its registered capital. In addition, Yulong WFOE may allocate a portion of its after-tax profits based on PRC accounting standards to enterprise expansion fund and staff bonus and welfare fund at its discretion. Each of the VIEs may allocate a portion of its after-tax profits based on PRC accounting standards to a discretionary surplus fund at its discretion. The statutory reserve funds and the discretionary funds are not distributable as cash dividends. Remittance of dividends by a wholly foreign-owned company out of China is subject to examination by the banks designated by SAFE. As of June 30, 2017 and 2016, Yulong WFOE and the VIEs collectively appropriated $3,922,228 and $3,922,228 of retained earnings for their statutory reserves, respectively. As a result of the foregoing restrictions, Yulong WFOE and the VIEs are restricted in their ability to transfer their net assets to the Company. Foreign exchange and other regulation in the PRC may further restrict Yulong WFOE and the VIEs from transferring funds to the Company in the form of dividends, loans and advances. As of June 30, 2017 and 2016, amounts restricted are the net assets (liabilities) of Yulong WFOE and the VIEs, which amounted to $(3,014,723) and $3,453,575, respectively. Initial Public Offering On July 1, 2015, the Company completed the IPO of 450,000 (pre-reverse split 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 67,500 (pre-reverse split 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 22,500 (pre-reverse split 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 5,280 (pre-reverse split 26,400) shares of ordinary shares in the aggregate to its CFO (4,000 (pre-reverse split 20,000) shares vested concurrently with the closing of IPO) and two non-executive board members (640 (pre-reverse split 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 318,708 (pre-reverse split 1,593,538) shares of ordinary shares. Stock-based compensation expenses related to the IPO amounted to $0, $165,000 and $0 for the fiscal years ended June 30, 2017, 2016 and 2015. 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 $2,700 at June 30, 2017 and $475,380 at the issuance date on July 1, 2015. The decrease resulted in a $62,905 and $409,775 gain on change in fair value of warrants recorded in the fiscal years ended June 30, 2017 and 2016, respectively. Because the warrants are not traded on an active securities market, the Company estimates their fair value using the Binomial Option Pricing Model on June 30, 2017, 2016 and on July 1, 2015 as follows: June 30, June 30, July 1, Number of shares exercisable 112,500 112,500 112,500 Exercise price 6.25 $ 6.25 $ 6.25 Stock price $ 0.51 $ 1.71 $ 6.00 Expected term (years) 3.00 4.00 5.00 Risk-free interest rate 1.74 % 0.89 % 1.63 % Expected volatility 76.58 % 84.83 % 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: Fiscal year Weighted Average Outstanding, beginning balance - - - Granted 112,500 $ 6.25 5.00 Forfeited - - - Exercised - - - Outstanding, ending balance 112,500 $ 6.25 3.00 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: ● 6,256 shares ( before Reverse Stock Split was 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 ● 19,194 shares (before Reverse Stock Split was 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 11,628 shares (pre-reverse split 58,140 shares) of the Company’s ordinary shares. 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. The shares were issued on August 15, 2016. Stock-based compensation expenses for consulting services amounted to $162,363 and $534,237 for the fiscal year ended June 30, 2017 and 2016.

(Loss) Earnings per share

(Loss) Earnings per share	12 Months Ended
	Jun. 30, 2017
(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 year ended For the year ended For the year ended Net (loss) income $ (7,429,581 ) $ (53,190,023 ) $ 8,679,571 Weighted average shares outstanding - Basic and Diluted* 2,409,631 2,385,391 1,600,000 (Loss) Earnings per share - Basic and Diluted $ (3.08 ) $ (22.30 ) $ 5.42 There were no potentially dilutive securities outstanding for the years ended June 30, 2017 and 2016. *All shares outstanding for all periods have been retroactively restated to reflect the Company’s 1-for- 5 reverse stock split, which was effective on November 9, 2017.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2017
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 the fiscal year ended June 30, 2017, four out of five Yulong operating companies were subject to 40 civil lawsuits with judgment amounts of approximately $4,027,858 (RMB 27,311,296) in the aggregate, of which unpaid amounts of approximately $106,366 (RMB 721,225) has already been included in capital lease obligations regarding lease agreement for purchasing 10 vehicles from Xuchang Tongli, approximately $24,892 (RMB168,780) already included in violation of laws and regulations, approximately $361,784 (RMB 2,453,111) already included in bank loans, and approximately $411,810 (RMB 2,792,317) already included in other payables as of June 30, 2017. The remaining balances included $1,785,144 (RMB 12,104,346) related to the guarantee with details shown in notes ‘Guarantees’, approximately $127,230 (RMB 862,708) related to the purchase commitment, with details shown in notes “Purchase commitment” and $1,210,632 (RMB 8,208,809) was pertinent to legal actions filed by various individuals. Illegal occupation of land On October 18, 2016, Pingdingshan Land Resources Bureau applied to the 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. $14,043 (RMB 95,222), and 1,185.86 square meters of other land fines per square meter RMB 3.00, i.e. $525 (RMB 3,558) , resulting in a total of $14,568 (RMB 98,780). 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 $10,324 (RMB 70,000). Total unpaid amount related to illegal occupation of land was approximately $24,892 (RMB168,780). 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 $411,468 (RMB 2,790,000). As of June 30, 2017, the Company already paid $287,585 (RMB 1,950,000) to Xian Oriental Fuxing. According to the verdict issued on September 24, 2016, the court ruled that the Company was obligated to pay the remaining amount of $123,883 (RMB 840,000) and litigation costs of $3,349 (RMB 22,708). Guarantees As of June 30, 2017, the Company guaranteed approximately $1.8 million for a bank loan of an unrelated third-party as follows: Name Guaranteed amount Guarantee expiration date Pingdingshan Orr Business Co., Ltd (1) $ 1,785,144 January 5, 2018 Total $ 1,785,144 (1) According to the verdict issued on March 16, 2017, the court ruled that the borrower was required to remit the loan principal in an amount of $1,769,755 (RMB 12 million) and the litigation in an amount of $15,389 (RMB 104,346). Although the loan matured on January 6, 2016, the guarantee term will be expired on January 5, 2018. Accordingly, 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	12 Months Ended
	Jun. 30, 2017
Segments [Abstract]
Segments	Note 17 – Segments The Company follows ASC 280 – Segment Reporting, which requires that companies disclose segment data based on how management makes decision about allocating resources to segments and evaluating their performance. The Company’s chief operating decision maker evaluates performance and determines resource allocations based on a number of factors, the primary measure being income from operations of the Yulong operating companies. The Company’s operations currently include three business segments encompassing three different divisions. Such reportable divisions are consistent with the way the Company manages its business, with each division operating under separate management and producing discrete financial information. The accounting principles applied at the operating division level in determining income from operations is generally the same as those applied at the consolidated financial statement level. The operation and products of the three divisions are as follow: 1. Yulong Bricks: production and sales of fly-ash bricks; 2. Yulong Concrete and Yulong Transport: production and sales of ready-mixed concrete; and 3. Yulong Renewable: hauling and processing of construction waste, and production and sales of recycled aggregates and recycled bricks. The following represents results of divisional operations for the following years ended June 30: Revenue: 2017 2016 2015 Yulong Bricks $ 3,083,244 $ 11,913,095 $ 15,586,654 Yulong Concrete and Yulong Transport 5,926,630 23,131,224 29,967,622 Yulong Renewable 496,829 7,600,112 676,108 Consolidated revenues $ 9,506,703 $ 42,644,431 $ 46,230,384 Gross profit: 2017 2016 2015 Yulong Bricks $ 631,097 $ 6,268,340 $ 9,446,895 Yulong Concrete and Yulong Transport 935,247 5,824,949 7,084,582 Yulong Renewable 329,535 4,385,629 335,922 Consolidated gross profit $ 1,895,879 $ 16,478,918 $ 16,867,399 Income (loss) from operations: 2017 2016 2015 Yulong Bricks $ (327,226 ) $ 3,000,133 $ 9,112,875 Yulong Concrete and Yulong Transport (17,682 ) 3,362,105 6,042,286 Yulong Renewable (4,376,864 ) (53,608,441 ) (1,190,220 ) Subtotal (4,721,772 ) (47,246,203 ) 13,964,941 Yulong WFOE - - - Yulong HK (960,071 ) - - Yulong Eco-Materials (162,363 ) (2,254,021 ) (1,106,489 ) Consolidated income from operations $ (5,844,206 ) $ (49,500,224 ) $ 12,858,452 Net income (loss): 2017 2016 2015 Yulong Bricks $ (557,808 ) $ 1,470,553 $ 6,872,096 Yulong Concrete and Yulong Transport (459,526 ) 2,041,042 4,159,835 Yulong Renewable (5,351,469 ) (54,852,671 ) (1,245,871 ) Subtotal (6,368,803 ) (51,341,076 ) 9,786,060 Yulong WFOE (37 ) Yulong HK (961,283 ) Yulong Eco-Materials (99,458 ) (1,848,947 ) (1,106,489 ) Consolidated net (loss) income $ (7,429,581 ) $ (53,190,023 ) $ 8,679,571 Depreciation and amortization: 2017 2016 2015 Yulong Bricks $ 586,744 $ 522,294 $ 535,938 Yulong Concrete and Yulong Transport 100,253 188,591 374,776 Yulong Renewable - 1,507,000 841,937 Consolidated depreciation and amortization $ 686,997 $ 2,217,885 $ 1,752,651 Interest expenses: 2017 2016 2015 Yulong Bricks $ 275,826 $ 509,151 $ 513,819 Yulong Concrete and Yulong Transport 370,907 397,948 486,507 Yulong Renewable 12,088 121,568 296,776 Interdivision - 94 - Consolidated interest expenses $ 658,821 $ 1,028,761 $ 1,297,102 Capital expenditures: 2017 2016 2015 Yulong Bricks $ 19,202 $ 1,155,000 $ 168,677 Yulong Concrete and Yulong Transport 4,753 5,170 40,275 Yulong Renewable 1,908,229 96,583 1,816,214 Consolidated capital expenditures $ 1,932,184 $ 1,256,753 $ 2,025,166 The following represents assets of division as of June 30, 2016 and 2015: Total Assets as of: 2017 2016 2015 Yulong Bricks $ 10,896,658 $ 11,131,177 $ 37,840,558 Yulong Concrete and Yulong Transport 3,630,800 4,416,866 26,391,895 Yulong Renewable 18,106,883 20,251,768 40,638,270 Interdivision assets 1,109 590 (27,565,591 ) Yulong Eco-Materials 642,700 642,700 293,333 Total Assets $ 33,278,150 $ 36,443,101 $ 77,598,465

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent events	Note 18 – Subsequent events 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. In March 7, 2017, an individual filed a litigation against Yulong Renewable for an outstanding loan payable by the entity. The verdict was issued on July 24, 2017 and court ruled in the favor of individual. In aggregate, Yulong Renewable was required to pay approximately $37,437 (RMB 253,842), including $37,063 (RMB 251,308) payable to the individual and the court fee of $374 (RMB2,534) payable to the People’s Court of Zhengzhou airport economy zone. In the fourth quarter of the fiscal year ended June 30, 2017, Bank of Pingdingshan-Kuanggong Street Branch filed three litigations against Yulong Bricks related to three outstanding loans payable by the entity. Yulong Bricks entered into three loan agreements with the lender on August 13, 2015, September 30, 2015 and March 9, 2016 for operational financing in an amount of $663,658 (RMB4.5 million), $589,918 (RMB 4.0 million) and $589,918 (RMB 4.0 million) with the loan interest at 8.73%, 8.28% and 8.7% per annum, respectively. As of June 30, 2017, the outstanding balance of principal and interest payable to the lender of each loan is approximately $751,581, $661,696 and $649,529, respectively. The verdicts were issued on July 27, 2017 and the court ruled in the favor of the lender, Bank of Pingdingshan-Kuanggong Street Branch. In aggregate, Yulong Bricks is required to pay approximately $20,962 court fee to the People’s Court of Zhanhe District of the City of Pingdingshan. On November 9, 2017, the Company effected a one-for-five reverse stock split (the “Reverse Stock Split”) of its outstanding ordinary shares. The Company’s ordinary shares opened for trading on the NASDAQ Capital Market on November 9, 2017 on a post-split basis. The Reverse Stock Split is intended to increase the per share trading price of the Company’s ordinary shares to satisfy the $1.00 minimum bid price requirement for continued listing on the NASDAQ Capital Market. When the reverse stock split becomes effective, every five (5) shares of ordinary shares will automatically convert into one (1) share of ordinary shares with no change in par value per share. This reduced the number of shares outstanding as of November 9, 2017 from approximately 12,055,324 to approximately 2,411,070. Any fractional shares resulting from the reverse stock split will be rounded up to the next whole share. There is no impact on the actual trading of the Company’s shares. They will continue to trade on the NASDAQ Capital Market without interruption under the symbol YECO. The new CUSIP number for the ordinary shares following the reverse split will be G98847208. Proportional adjustments has been made to the Company’s outstanding stock options, outstanding warrants and equity-compensation plans. The number of authorized shares of the Company remains unchanged and the reverse stock split does not affect the ordinary shares capital account on our balance sheet.

Schedule 1 Parent Company

Schedule 1 Parent Company	12 Months Ended
	Jun. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
SCHEDULE 1 - PARENT COMPANY	SCHEDULE 1 - PARENT COMPANY BALANCE SHEETS (UNAUDITED) June 30, June 30, 2017 2016 ASSETS CURRENT ASSETS Restricted cash $ 500,000 $ 500,000 Advances to suppliers - - Prepaid expenses 92,700 92,700 Total current assets 592,700 592,700 OTHER ASSETS Prepaid expenses – non-current 50,000 50,000 Investment in subsidiaries 4,214,809 11,823,686 Total other assets 4,264,809 11,873,686 Total assets $ 4,857,509 $ 12,466,386 LIABILITIES AND EQUITY CURRENT LIABILITIES Other payables and accrued liabilities $ 405,761 $ 405,761 Other payables - related parties 730,079 730,079 Warrant liabilities 2,700 65,605 Total current liabilities 1,138,540 1,201,445 Total liabilities $ 1,138,540 $ 1,201,445 COMMITMENTS AND CONTINGENCIES EQUITY Common stock, $0.00625 par value, 100,000,000 shares authorized, 2,411,070 and 2,399,435 shares issued and outstanding, respectively * 15,070 14,997 Subscription receivable (10,000 ) (10,000 ) Additional paid-in capital 40,697,384 40,497,594 Statutory reserves 3,922,228 3,922,228 Stock to be issued - 37,500 Retained earnings (39,407,775 ) (31,978,194 ) Accumulated other comprehensive income (1,497,938 ) (1,219,184 ) Total Yulong Eco-Materials Limited’s equity 3,718,969 11,264,941 Total liabilities and equity $ 4,857,509 $ 12,466,386 * All shares outstanding for all periods have been retroactively restated to reflect the Company’s 1-for-5 reverse stock split, which was effective on November 9, 2017. The accompanying notes are an integral part of the unaudited schedule 1. SCHEDULE 1 - PARENT COMPANY STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) For the Years Ended 2017 2016 2015 OPERATING EXPENSES General and administrative $ (162,363 ) $ (1,150,237 ) $ (1,106,489 ) Total operating expenses (162,363 ) (1,150,237 ) (1,106,489 ) OTHER INCOME (EXPENSE) Change in fair value of warrant liabilities 62,905 409,775 - Total other income, net 62,905 409,775 - EQUITY (LOSS) INCOME OF SUBSIDIARIES (7,330,123 ) (52,449,561 ) 9,786,060 NET (LOSS) INCOME (7,429,581 ) (53,190,023 ) 8,679,571 OTHER COMPREHENSIVE (LOSS) INCOME: Foreign currency translation adjustments (989,091 ) (808,327 ) 326,188 COMPREHENSIVE (LOSS) INCOME $ (8,418,672 ) $ (53,998,350 ) $ 9,005,759 * All shares outstanding for all periods have been retroactively restated to reflect the Company’s 1-for-5 reverse stock split, which was effective on November 9, 2017. The accompanying notes are an integral part of the unaudited schedule 1. SCHEDULE 1 - PARENT COMPANY STATEMENTS OF CASH FLOWS (UNAUDITED) For the Years Ended June 30, 2017 2016 2015 CASH FLOWS FROM OPERATING ACTIVITIES: Net (loss) income $ (7,429,581 ) $ (53,190,023 ) $ 8,679,571 Adjustments to reconcile net income to cash used in operating activities: Loss (income) from subsidiaries 7,330,123 52,449,561 (9,786,060 ) Change in fair value of warrant liabilities (62,905 ) (409,775 ) - Stock based compensation expense 162,363 534,237 - Change in operating assets and liabilities Advances to suppliers - 12,500 (12,500 ) Prepaid expense - 188,133 (280,833 ) Prepaid expense-non current (50,000 ) - Restricted cash (500,000 ) - Other payables and accrued liabilities - (700,428 ) 969,288 Net cash used in operating activities - (1,665,795 ) (430,534 ) CASH FLOWS FROM INVESTING ACTIVITIES Investment in subsidiaries - (11,510,157 ) - Net cash used in investing activities - (11,510,157 ) - CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from related parties - 1,665,795 310,235 Proceeds from issuance of IPO shares, net 11,510,157 - Net cash provided by financing activities - 13,175,952 310,235 CHANGES IN CASH AND CASH EQUIVALENTS - - (120,229 ) CASH AND CASH EQUIVALENTS, beginning of year - - 120,299 CASH AND CASH EQUIVALENTS, end of year $ - $ - $ - Note 1 – Basis of presentation The parent company only financial statements should be read in conjunction with the Company’s consolidated financial statements. For the parent company only financial information, the Company records its investment in its subsidiaries/VIEs under the equity method of accounting as prescribed in ASC 323-10 , Investments-Equity Method and Joint Ventures: Overall. Note 2 – Restricted net assets Schedule I of Article 5-04 of Regulation S-X requires the financial information of registrant shall be filed when the restricted net assets of consolidated subsidiaries/VIEs exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. For purposes of the above test, restricted net assets of consolidated subsidiaries/VIEs shall mean that amount of the registrant’s proportionate share of net assets of consolidated subsidiaries/VIEs (after intercompany eliminations) which as of the end of the most recent fiscal year may not be transferred to the parent company by subsidiaries in the form of loans, advances or cash dividends without the consent of a third party (i.e., lender, regulatory agency, foreign government, etc.). The parent company financial statements have been prepared in accordance with Rule 12-04, Schedule I of Regulation S-X as the restricted net assets of the subsidiaries/VIEs of the Company exceed 25% of the consolidated net assets of the Company. The ability of the Company’s Chinese operating affiliates to pay dividends may be restricted due to Chinese foreign exchange control policies and the availability of cash balances of the Chinese operating subsidiaries/VIEs. Because a significant portion of the Company’s operations are conducted and revenues generated in China, a significant portion of its revenues being earned and currency received are denominated in Renminbi (RMB). Because RMB is subject to China’s exchange control regulations, including restrictions on converting RMB into US Dollars, the Company may be unable to distribute any dividends outside of China. Note 3 – Equity On December 31, 2014, Yulong Bricks and Yulong Concrete entered into agreements with their shareholders pursuant to which the shareholders agreed not to require payment of the declared dividends before December 31, 2016, but may require payment upon demand commencing December 31, 2016. For the fiscal year ended June 30, 2017, Yulong Bricks and Yulong Concrete incurred a net loss in an amount of $557,808 and $235,165, respectively. Accordingly, no dividend payment or any other distribution to the shareholders was demanded or declared for the fiscal year ended June 30, 2017. Note 4 – Subsequent events On November 9, 2017, the Company effected a one-for-five reverse stock split (the “Reverse Stock Split”) of its outstanding ordinary shares. The Company’s ordinary shares opened for trading on the NASDAQ Capital Market on November 9, 2017 on a post-split basis. The Reverse Stock Split is intended to increase the per share trading price of the Company’s ordinary shares to satisfy the $1.00 minimum bid price requirement for continued listing on the NASDAQ Capital Market. When the reverse stock split becomes effective, every five (5) shares of ordinary shares will automatically convert into one (1) share of ordinary shares with no change in par value per share. This reduced the number of shares outstanding as of November 9, 2017 from approximately 12,055,324 to approximately 2,411,065. Any fractional shares resulting from the reverse stock split will be rounded up to the next whole share. There is no impact on the actual trading of the Company’s shares. They will continue to trade on the NASDAQ Capital Market without interruption under the symbol YECO. The new CUSIP number for the ordinary shares following the reverse split will be G98847208. Proportional adjustments has been made to the Company’s outstanding stock options, outstanding warrants and equity-compensation plans. The number of authorized shares of the Company remains unchanged and the reverse stock split does not affect the ordinary shares capital account on our balance sheet.

Parent Company Balance Sheets (

Parent Company Balance Sheets (Unaudited) - USD ($)		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
CURRENT ASSETS
Restricted cash		$ 500,000	$ 500,000
Advance to suppliers		173,581	222,239
Prepaid expenses		83,901	108,716
Total current assets		8,913,268	10,661,433
OTHER ASSETS
Prepaid expense, non-current		50,000	50,000
Total other assets		24,364,882	18,367,580
Total assets		33,278,150	36,443,101	$ 77,598,465
Current liabilities:
Other payables and accrued liabilities		9,642,359	7,601,354
Other payables - related parties		1,498,865	1,965,237
Warrant liabilities		2,700
Total current liabilities		29,559,181	25,149,308
Total liabilities		29,559,181	25,178,160
COMMITMENTS AND CONTINGENCIES
EQUITY
Common stock, $0.00625 par value, 100,000,000 shares authorized, 2,411,070 and 2,399,435 shares issued and outstanding, respectively *	[1]	3,014	2,999
Subscription receivable		10,000	10,000
Additional paid-in capital		40,709,440	40,509,592
Statutory reserves		3,922,228	3,922,228
Stock to be issued			37,500
Retained earnings		(39,407,775)	(31,978,194)
Accumulated other comprehensive income		(1,497,938)	(1,219,184)
Total Yulong Eco-Materials Limited's equity		3,718,969	11,264,941	$ 46,652,361	$ 37,646,602
Total liabilities and equity		33,278,150	36,443,101
Parent Company [Member]
CURRENT ASSETS
Restricted cash		500,000	500,000
Advance to suppliers
Prepaid expenses		92,700	92,700
Total current assets		592,700	592,700
OTHER ASSETS
Prepaid expense, non-current		50,000	50,000
Investment in subsidiaries		4,214,809	11,823,686
Total other assets		4,264,809	11,873,686
Total assets		4,857,509	12,466,386
Current liabilities:
Other payables and accrued liabilities		405,761	405,761
Other payables - related parties		730,079	730,079
Warrant liabilities		2,700	65,605
Total current liabilities		1,138,540	1,201,445
Total liabilities		1,138,540	1,201,445
COMMITMENTS AND CONTINGENCIES
EQUITY
Common stock, $0.00625 par value, 100,000,000 shares authorized, 2,411,070 and 2,399,435 shares issued and outstanding, respectively *		15,070	14,997
Subscription receivable		(10,000)	(10,000)
Additional paid-in capital		40,697,384	40,497,594
Statutory reserves		3,922,228	3,922,228
Stock to be issued			37,500
Retained earnings		(39,407,775)	(31,978,194)
Accumulated other comprehensive income		(1,497,938)	(1,219,184)
Total Yulong Eco-Materials Limited's equity		3,718,969	11,264,941
Total liabilities and equity		$ 4,857,509	$ 12,466,386
[1]	All shares outstanding for all periods have been retroactively restated to reflect the Company's 1-for-5 reverse stock split, which was effective on November 9, 2017.

Parent Company Balance Sheets28

Parent Company Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Jun. 30, 2017	Jun. 30, 2016
Condensed Financial Statements, Captions [Line Items]
Common stock, par value	$ 0.00625	$ 0.00625
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	2,411,070	2,399,435
Common stock, shares outstanding	2,411,070	2,399,435
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Common stock, par value	$ 0.00625	$ 0.00625
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	2,411,070	2,399,435
Common stock, shares outstanding	2,411,070	2,399,435

Parent Company Statements of Op

Parent Company Statements of Operations and Comprehensive (Loss) Income - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
OPERATING EXPENSES
General and administrative	$ 5,519,066	$ 12,841,900	$ 3,374,557
Total operating expenses	7,740,085	65,979,142	4,008,947
OTHER INCOME (EXPENSE)
Change in fair value of warrant liabilities	62,905	409,775
Total other income, net	(1,318,822)	(332,560)	(1,280,862)
NET (LOSS) INCOME	(7,429,581)	(53,190,023)	8,679,571
OTHER COMPREHENSIVE (LOSS) INCOME:
Foreign currency translation adjustments	989,091	808,327	(326,188)
COMPREHENSIVE (LOSS) INCOME	(8,418,672)	(53,998,350)	9,005,759
Parent Company [Member]
OPERATING EXPENSES
General and administrative	(162,363)	(1,150,237)	(1,106,489)
Total operating expenses	(162,363)	(1,150,237)	(1,106,489)
OTHER INCOME (EXPENSE)
Change in fair value of warrant liabilities	62,905	409,775
Total other income, net	62,905	409,775
EQUITY (LOSS) INCOME OF SUBSIDIARIES	7,330,123	52,449,561	(9,786,060)
NET (LOSS) INCOME	(7,429,581)	(53,190,023)	8,679,571
OTHER COMPREHENSIVE (LOSS) INCOME:
Foreign currency translation adjustments	(989,091)	(808,327)	326,188
COMPREHENSIVE (LOSS) INCOME	$ (8,418,672)	$ (53,998,350)	$ 9,005,759

Parent Company Statements of Ca

Parent Company Statements of Cash Flows (Unaudited) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (7,429,581)	$ (53,190,023)	$ 8,679,571
Adjustments to reconcile net income to cash used in operating activities:
Change in fair value of warrant liabilities	(62,905)	(409,775)
Stock based compensation expense	162,363	534,237
Change in operating assets and liabilities
Advances to suppliers	43,984	(212,367)	52,659
Prepaid expense	(24,378)	(209,698)	300,630
Restricted cash		500,000
Other payables and accrued liabilities	2,984,195	3,185,235	1,239,321
Net cash used in operating activities	1,549,836	13,275,874	6,200,843
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used in investing activities	(1,928,954)	(36,600,435)	(1,998,492)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of IPO shares, net		11,510,157
Net cash provided by financing activities	(450,646)	10,624,027	(7,593,596)
CHANGES IN CASH AND CASH EQUIVALENTS	(920,632)	(13,735,759)	(3,262,471)
CASH AND CASH EQUIVALENTS, beginning of year	2,734,540	16,470,299	19,732,770
CASH AND CASH EQUIVALENTS, end of year	1,813,908	2,734,540	16,470,299
Parent Company [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	(7,429,581)	(53,190,023)	8,679,571
Adjustments to reconcile net income to cash used in operating activities:
Loss (income) from subsidiaries	7,330,123	52,449,561	(9,786,060)
Change in fair value of warrant liabilities	(62,905)	(409,775)
Stock based compensation expense	162,363	534,237
Change in operating assets and liabilities
Advances to suppliers		12,500	(12,500)
Prepaid expense		188,133	(280,833)
Prepaid expense-non current		(50,000)
Restricted cash		(500,000)
Other payables and accrued liabilities		(700,428)	969,288
Net cash used in operating activities		(1,665,795)	(430,534)
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in subsidiaries		(11,510,157)
Net cash used in investing activities		(11,510,157)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Related Party Debt		1,665,795,000	310,235,000
Proceeds from issuance of IPO shares, net		11,510,157
Net cash provided by financing activities		13,175,952	310,235
CHANGES IN CASH AND CASH EQUIVALENTS			(120,229)
CASH AND CASH EQUIVALENTS, beginning of year			120,299,000
CASH AND CASH EQUIVALENTS, end of year

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with the generally accepted accounting principles in the United States of America (“U.S. GAAP”).
Principles of consolidation	Principles of consolidation The consolidated financial statements include the accounts of the Company, its subsidiaries, and the VIEs. All intercompany transactions and balances between the Company, its subsidiaries and the VIEs are eliminated upon consolidation.
Reverse stock split	Reverse stock split On November 8, 2017, the Company’s board of directors and a majority of the Company’s shareholders approved a reverse stock split of its issued and outstanding shares of common stock at a ratio of 1-for-5. Upon filing of the Certificate of Amendment, every five shares of the Company’s issued and outstanding common stock were automatically converted into one issued and outstanding share of common stock, without any change in par value per share. All references made to share or per share amounts in the accompanying consolidated financial statements and applicable disclosures have been retroactively adjusted to reflect the 1-for-5 reverse stock split. See Notes 18 Subsequent Events for additional information about the reverse stock split.
Use of estimates and assumptions	Use of estimates and assumptions The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements and footnotes. Significant accounting estimates reflected in the Company’s consolidated financial statements include the useful lives and impairment of property, plant and equipment, collectability of receivables, realization of deferred tax assets, inventory valuation, 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 second quarter of the fiscal year ended June 30, 2016 due to environmental act passed by the central government of PRC and Blue Sky Action Plan implemented by the province of Henan, 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). In July and October 2017, Yulong Renewable has received a total of $5,899,183 (RMB40million). Moreover, the Company is working to pursue the potential acquirers for Yulong Renewable’s business. Yulong Bricks and Yulong Concrete gradually resumed their sales revenue by 15% in the fourth quarter from the first and second quarters in 2017. 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”. Assets and liabilities are translated at the unified exchange rate as quoted by the People’s Bank of China (the “PBOC”) at the end of the period. Income and expense accounts are translated at the average translation rates and the equity accounts are translated at historical rates. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statement of equity. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Translation adjustments included in accumulated other comprehensive income amounted to $(1,497,938) and $(1,219,184) as of June 30, 2017 and 2016, respectively. The balance sheet amounts, with the exception of equity, at June 30, 2017 and 2016 were translated at RMB 6.78 and RMB 6.64 to $1.00, respectively. The equity accounts were stated at their historical rate. The average translation rate applied to statement of income and other comprehensive income accounts for the years ended June 30, 2017 and 2016 was RMB 6.81 and RMB 6.43, 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 June 30, 2017 and 2016, the Company had approximately $1,812,829 (RMB 12,292,063) and $2,734,015 (RMB 18,165,703), 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, as further discussed in Note 4. Management reviews its accounts receivable balances each reporting period to determine if an allowance for doubtful accounts is required. An estimate for doubtful accounts is recorded based on the collectability of all accounts receivables, which takes into account the number of days past due, collection history, identification of specific customer exposure and current economic trends. Bad debts are written off against the allowance after all collection efforts have ceased. For the years ended June 30, 2017 and 2016, the Company recorded in the aggregate of approximately $5.9 million (RMB 39.8 million) and $3.9 million (RMB 26.2 million) 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 June 30, 2017 and 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.
Plant and equipment	Plant and equipment Plant and equipment are stated at cost. Depreciation is provided over the estimated useful life of each class of depreciable assets and is computed using the straight-line method over the useful lives of the assets are as follows: Useful Life Buildings and improvements 10-30 years Machinery and equipment 5-10 years Transportation equipment 5-10 years Office equipment 3-5 years The Company accounts for all significant leases as either operating or capital. At lease inception, if the lease meets any of the following four criteria, the Company will classify it as a capital lease; otherwise it will be treated as an operating lease: (a) transfer of ownership to lessee at the end of the lease term, (b) bargain purchase option, (c) lease term is equal to 75% or more of the estimated economic life of the leased property, or (d) the present value of the minimum lease payments is 90% or more of the fair value of the leased asset. The cost and related accumulated depreciation of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the consolidated statements of income and comprehensive income. Construction-in-progress represents labor costs, materials, and capitalized interest incurred in connection with the construction. Interest incurred during construction is capitalized into construction in progress. All other interest is expensed as incurred. No depreciation is provided for construction in progress until it is completed and placed into service. Expenditures for maintenance and repairs are charged to earnings as incurred while additions, renewals and betterments are capitalized.
Prepayments	Prepayments Prepayments represent advances made to certain suppliers for equipment purchases or advance made to contractors in connection with the Company’s construction-in-progress. Prepayments also include advances made to a village committee in connection with acquiring land use rights. Management regularly reviews aging of prepayments and records an allowance when management believes collection of equipment, land use rights, or services to be performed due are at risk. Advances aged over one year and considered uncollectible are written off after exhaustive efforts at collection. No allowance for doubtful accounts is considered necessary at the balance sheet dates.
Intangible assets	Intangible assets Intangible assets are carried at cost less accumulated amortization. The Company accounts for all significant leases of land use rights for purposes of classification as either operating or capital. At lease inception, if the lease meets either of the following two criteria, the Company will classify it as a capital lease: (a) transfer of ownership to lessee at the end of the lease term, or (b) bargain purchase option. Otherwise, the lease will be treated as an operating lease. Intangible assets with finite useful lives are amortized using a straight-line method of amortization that reflects the estimated pattern in which the economic benefits of the intangible asset are to be consumed. The original estimated useful life for the land use rights of each entity is as follows: Entity Description of assets Estimated useful life Yulong Bricks Land use right 50 Yulong Concrete Land use right 50 Yulong Renewable Land use right 50 Intangible assets are reviewed at least annually, more often when circumstances require, to determine whether their carrying values have become impaired. The Company considers an asset to be impaired if its carrying value exceeds the future projected cash flows from related operations. The Company also re-evaluates the periods of amortization to determine whether subsequent events and circumstances warrant revised estimates of useful lives.
Impairment for long-lived assets	Impairment for long-lived assets Long-lived assets, including buildings and improvements, equipment and intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based on the undiscounted future cash flows the assets are expected to generate and recognizes an impairment loss when estimated undiscounted 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. In the fiscal years ended June 30, 2017 and 2016, the Company has recorded $49.7 million (RMB336.9 million) and $48.8 million (RMB323.9 million), respectively, provision on impairment on its long-lived assets on Yulong Renewable’s buildings and improvements, equipment, vehicles and construction in progress.
Fair Values of Financial Instruments	Fair Values of Financial Instruments ASC Topic 825, Financial Instruments (“Topic 825”) requires disclosure of fair value information of financial instruments, whether or not recognized in the balance sheets, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. Topic 825 excludes certain financial instruments and all non-financial assets and liabilities from its disclosure requirements. Accordingly, the aggregate fair value amounts do not represent the underlying value of the Company. The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow: Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3 inputs to the valuation methodology are unobservable and significant to the fair value. The Company considers the carrying amount of cash, accounts receivable, other receivables, accounts payable, notes payable and other short-term payables, to approximate their fair values because of the short period of time between the origination of such instruments and their expected realization. The Company determined that the carrying value of the noncurrent capital lease obligations approximated their fair value using level 2 inputs by comparing the stated loan interest rate to the rate charged by the PBOC on similar loans. 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 June 30, 2017: Carrying value at June 30, Fair value measurement at Level 1 Level 2 Level 3 Warrant liabilities $ 2,700 $ - $ - $ 2,700 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 June 30, 2017: June 30, Beginning fair value $ - Recognized fair value at issuance on July 1, 2015 475,380 Realized gain recorded in earnings (472,680 ) Ending fair value $ 2,700
Revenue recognition	Revenue recognition The Company recognizes revenue in accordance with ASC 605, Revenue Recognition Revenue 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 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. Recycling revenues includes sales of recycled aggregates and recycled bricks. Sales agreements are signed with each customer. Revenue is recognized similar to sales of concrete and bricks. Recycling revenue also include hauling services of construction waste. The Company operates a fleet of trucks to haul construction waste, consisting primarily of bricks and concrete, from construction and demolition sites. Revenue is recognized upon completion of hauling from the construction and demolition sites per truckloads.
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 $105,060, $285,246 and $316,256 for the years ended June 30, 2017, 2016 and 2015, respectively. Depreciation expense amounted to $11,333, $36,687 and $188,662 for the years ended June 30, 2017, 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 June 30, 2017 and 2016, $1,812,829 (RMB 12,292,063) and $2,734,015 (RMB 18,165,703) were deposited with various major financial institutions located in the PRC, respectively. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness. Historically, deposits in Chinese banks are secure due to state policy to protect depositor interests. However, China promulgated a Bankruptcy Law in August 2006 that came into effect on June 1, 2007, which contains a separate article expressly stating that the State Council may promulgate implementation measures to provide for the bankruptcy of Chinese banks based on the Bankruptcy Law. Under the current Bankruptcy Law, a Chinese bank may file bankruptcy if it deems itself to be insolvent. In addition, since China’s concession to the World Trade Organization, foreign banks have been gradually permitted to operate in China and have intensified competition in many aspects, especially since the opening of the Renminbi business to foreign banks in late 2006. Therefore, the risk of bankruptcy at the institutions that the Company maintains deposits has increased. In the event of bankruptcy, the Company is unlikely to reclaim its deposits in full since it is unlikely to be classified as a secured creditor under PRC laws. Accounts receivable are typically unsecured and derived from revenue earned from customers, thereby exposed to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring of outstanding balances. The Company maintains reserves for estimated credit losses, and such losses have generally been within expectations. Customer and vendor concentration risk For the years ended June 30, 2017, one customer accounted for 14% of the Company’s total revenues. For the years ended June 30, 2016 and 2015, no customer accounted for more than 10% of the Company’s total revenues. As of June 30, 2017, two customers accounted for 21% and 15% of the Company’s total accounts receivable, respectively. As of June 30, 2016, two customers accounted for 26% and 19% of the Company’s total accounts receivable, respectively. As of June 30, 2015, two customers accounted for 12% and 11% of the Company’s total accounts receivable, respectively. For the year ended June 30, 2017, four major suppliers accounted for 26%, 21%, 19% and 11% of the Company’s total purchases. For the year ended June 30, 2016, four major suppliers accounted for 26%, 18%, 16% and 10% of the Company’s total purchases. For the year ended June 30, 2015, four major suppliers accounted for 19%, 19%, 14% and 13% of the Company’s total purchases. As of June 30, 2017, three suppliers accounted for 33%, 21% and 18% of the Company’s accounts payable balances. As of June 30, 2016, five suppliers accounted for 21%, 19%, 16%, 16% and 11% of the Company’s accounts payable balances. As of June 30, 2015, three suppliers accounted for 32%, 23% and 18% of the Company’s account payable balance.
Income taxes	Income taxes The Company accounts for income taxes using the liability method. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company records a valuation allowance against deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. The Company applies ASC 740, Accounting for Income Taxes As of June 30, 2017, Yulong WFOE and the VIEs have each filed income tax returns in China for the years ended December 31, 2010 to 2016. 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 income and other comprehensive 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.
Earnings per share	Earnings per share Earnings per share are calculated in accordance with ASC 260-10, Earnings per Share
Comprehensive income	Comprehensive income Comprehensive income is defined to include all changes in shareholders’ equity except those resulting from investments by owners and distributions to owners. Among other disclosures, ASC 220-10, Comprehensive Income
Employee benefit	Employee benefit The full-time employees of Yulong WFOE and the VIEs are entitled to staff welfare benefits including medical care, housing fund, pension benefits and unemployment insurance, which are government mandated defined contribution plans. The Company is required to accrue for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash contributions to the state-sponsored plans out of the amounts accrued. Total expense for the plans was $86,213, $55,540 and $118,410 for the years ended June 30, 2017, 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, We expect to implement the new revenue standards for the fiscal year ended June 30, 2018. We are still in the processing of evaluating the financial statement impacts of the new revenue standards and have not yet selected a transition approach. 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 Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . Income Taxes: Statement of Cash Flows Statement of Cash Flows (Topic 230), Restricted Cash Business Combination: Financial Instruments: Leases Stock-based Compensation Financial Instruments - Credit Losses Revenue Recognition and Leases: Management does not expect the adoption of ASU 2017-13 to have any material impact on its financial position results of operations or cash flows.

Principal Activities and Reor32

Principal Activities and Reorganization (Tables)	12 Months Ended
	Jun. 30, 2017
Principal Activities and Reorganization [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 $4,395,000 (RMB 30,000,000) fully funded ● Production and sales of fly-ash bricks Yulong Concrete ● A PRC limited liability company VIE by contractual ● Incorporated on December 7, 2004 arrangements ● Registered capital of $2,830,000 (RMB 20,000,000) fully funded ● Production and sales of ready-mixed concrete Yulong Transport ● A PRC limited liability company VIE by contractual ● Incorporated on July 13, 2009 arrangements ● Registered capital of $1,465,464 (RMB 10,010,000) fully funded ● Provide ready-mixed concrete transportation services Yulong Renewable ● A PRC limited liability company VIE by contractual ● Incorporated on August 16, 2011 arrangements ● Registered capital of $9,510,000 (RMB 60,000,000) fully funded ● Hauling of construction waste; production and sales of recycled aggregates and recycled bricks ● Commenced operation in April 2015

Summary of Significant Accoun33

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2017
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 value at June 30, Fair value measurement at Level 1 Level 2 Level 3 Warrant liabilities $ 2,700 $ - $ - $ 2,700
Schedule of warrant liabilities measured at fair value on a recurring basis	June 30, Beginning fair value $ - Recognized fair value at issuance on July 1, 2015 475,380 Realized gain recorded in earnings (472,680 ) Ending fair value $ 2,700

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Jun. 30, 2017
Variable Interest Entities [Abstract]
Schedule of VIEs' consolidated assets and liabilities	June 30, June 30, Current assets $ 8,319,461 $ 10,068,142 Plant and equipment, net 6,655,838 7,425,446 Other noncurrent assets 17,659,042 18,306,223 Total assets 32,634,341 35,799,810 Total liabilities 35,415,311 33,130,293 Net (liabilities) assets $ (2,780,970 ) $ 2,669,518
Schedule of VIEs' liabilities	June 30, 2017 2016 Current liabilities: Short term loan - banks $ 5,542,420 $ 5,674,011 Accounts payable 2,303,247 1,710,881 Other payables and accrued liabilities 7,458,261 5,973,602 Payroll Payable 656,890 546,990 Other payables - related parties - 1,907,458 Customer deposits 4,448,219 2,571,846 Taxes payable 1,316,110 1,497,583 Capital lease obligations-current 4,804,770 4,062,291 Intercompany payable 8,885,394 9,156,779 Total current liabilities 35,415,311 33,101,441 　 　 Long term liabilities: 　 Capital lease obligations-non-current - 28,852 Total long term liabilities - 28,852 Total liabilities $ 35,415,311 $ 33,130,293
Schedule of VIEs' operating results	For the Year Ended June 30, 2017 2016 2015 Revenue $ 9,506,703 $ 42,644,431 $ 46,230,384 Gross profit 1,895,879 16,478,918 16,867,399 (Loss) income from operations (4,721,772 ) (47,246,203 ) 13,964,941 Net (loss) income $ (6,368,803 ) $ (51,341,076 ) $ 9,786,060

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Jun. 30, 2017
Accounts Receivable, Net/Deposits and Other Receivables [Abstract]
Schedule of accounts receivable, net	June 30, June 30, Accounts receivable $ 10,829,140 $ 9,666,112 Less: allowance for doubtful accounts (5,863,947 ) (3,937,778 ) Total accounts receivable, net $ 4,965,193 $ 5,728,334
Schedule of movement of allowance for doubtful accounts	June 30, June 30, Beginning balance $ 3,937,778 $ - Charge to expense (benefit) 1,995,887 4,067,144 Exchange rate effect (69,718 ) (129,366 ) Ending balance $ 5,863,947 $ 3,937,778

Deposits and Other Receivables

Deposits and Other Receivables (Tables)	12 Months Ended
	Jun. 30, 2017
Accounts Receivable, Net/Deposits and Other Receivables [Abstract]
Schedule of deposits and other receivables	June 30, June 30, Refundable deposits for equipment purchase $ 436,983 $ 444,439 Deposit for outsourcing agreement (1) 440,388 235,176 Deposit for new project - 63,739 Advances to employees (2) 241,365 240,474 Insurance compensation 15,555 15,874 Deposit for construction in progress 8,120 - Deposit with government agency 25,072 3,011 Total $ 1,167,483 $ 1,002,713
Schedule of other receivables, non-current	June 30, June 30, Refundable deposit – construction (3) $ 15,411,615 $ 15,727,696 Total $ 15,411,615 $ 15,727,696 (1) In December 2011 and May 2016, Yulong Bricks agreed to outsource some brick production to Pingdingshan Hongrui New Construction Materials Co., Ltd., an unrelated third party, and paid approximately $132,732 and $97,719, respectively, as security deposits, which is due on demand. In September 2016, Yulong Concrete and Yulong Renewable submitted a construction bid to Jiyuan Construction Engineering Co. Ltd and paid $73,740 and $136,198 as security deposits. (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. (3) The Company had entered into a cancellation agreement with Pingdingshan City HuaShen Trading Co. Ltd in July 2017. The agreement provides that Yulong Renewable cancelled its purchase agreement with Pingdingshan City HuaShen Trading Co. Ltd signed on March 15, 2016. Under the purchase agreement, Yulong Renewable had remitted a payment of $15.4 million (RMB104.5 million) related to the purchase of equipment, in connection with the construction of Yulong Renewable’s waste recycling plant and factory construction to the contractor. The cancellation agreement provides that the contractor would refund the payment to Yulong Renewable in five (5) equal installment amount on July 10, 2017, October 10, 2017, January 10, 2018, April 10, 2018 and July 10, 2018. The first and second installments of $5,899,183 (RMB 40 million) were received subsequently in July 2017 and October 2017, respectively, per the refund schedule.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jun. 30, 2017
Inventories [Abstract]
Schedule of inventories	June 30, June 30, Raw materials $ 138,528 $ 285,459 Semi-finished byproduct 33,145 34,236 Finished goods 37,529 45,196 Total inventories $ 209,202 $ 364,891

Plant and Equipment, Net (Table

Plant and Equipment, Net (Tables)	12 Months Ended
	Jun. 30, 2017
Plant and Equipment, Net [Abstract]
Schedule of plant and equipment	June 30, June 30, Building and improvements $ 24,238,100 $ 24,735,204 Machinery and equipment 7,251,048 7,335,708 Machinery and equipment under capital lease 2,057,638 2,099,839 Transportation equipment 779,796 855,598 Transportation equipment under capital lease 2,633,607 2,687,620 Office equipment 109,859 109,993 Construction-in-progress 28,492,251 27,111,181 Subtotal 65,562,299 64,935,143 Less: accumulated depreciation (9,213,510 ) (8,754,140 ) Less: impairment reserve for fixed assets & CIP (49,692,949 ) (48,755,558 ) Total $ 6,655,840 $ 7,425,445
Schedule of construction-in-progress	Construction-in-progress description Value Estimated Estimated additional cost to complete Office buildings, staff facilities, equipment and machinery $ 7,218 Early 2018 $ - Autoclave installation $ 12,601 Early 2018 $ - Total $ 19,819 $ -
Schedule of capital leased assets	June 30, June 30, Machinery and equipment $ 2,057,638 $ 2,099,839 Transportation equipment 2,633,607 2,687,620 Subtotal 4,691,245 4,787,459 Less: accumulated depreciation (1,657,610 ) (1,691,606 ) Less: impairment provision (3,033,635 ) (3,095,853 ) Total $ - $ -

Prepayments, Net (Tables)

Prepayments, Net (Tables)	12 Months Ended
	Jun. 30, 2017
Prepayments, Net [Abstract]
Schedule of prepayments, net	June 30, June 30, Prepayment for equipment purchase $ 14,748 $ 15,050 Prepayment for construction (a) 2,719,889 2,769,652 Subtotal 2,734,637 2,784,702 Reserve for prepayment for construction (a) (2,719,889 ) (2,769,652 ) Total prepayment, net $ 14,748 $ 15,050 (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 $2,719,889 (RMB18,442,479) and $2,769,652 (RMB18,402,479) as of June 30,2017 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, $2,719,889 (RMB18,442,479) and $2,769,652 (RMB18,402,479) as of June 30,2017 and June 30, 2016, respectively, as there is an uncertainty in the refundable status of the construction vendors.

Intangibles, Net (Tables)

Intangibles, Net (Tables)	12 Months Ended
	Jun. 30, 2017
Intangibles, Net [Abstract]
Summary of intangible assets	June 30, June 30, Land use rights under capital lease $ 4,746,119 $ 4,843,458 Less: accumulated amortization (472,082 ) (425,701 ) Less: impairment reserve (2,208,668 ) (2,253,966 ) Total $ 2,065,369 $ 2,163,791
Schedule of estimated amortization expenses	Year ending June 30, Estimated 2018 $ 49,727 2019 49,727 2020 49,727 2021 49,727 2022 49,727 Thereafter 1,816,734 Total $ 2,065,369

Short-Term Loans (Tables)

Short-Term Loans (Tables)	12 Months Ended
	Jun. 30, 2017
Short-Term Loans [Abstract]
Schedule of short-term loans	June 30, June 30, Loan from Pingdingshan Bank, which was originally due in April 2015, with loan amount $589,918 (RMB 4,000,000) and annual interest of 12%. The Company repaid $265,464 (RMB 1,800,000) in April 2015 and obtained the Bank’s approval to extend the remaining $324,456 (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 accrued additional interest expense in an amount of $ 56,891 (RMB 385,758) after the verdict issued by the district court of the city of Pingdingshan. $ 324,456 $ 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 obtaining a new loan in January 2017 and the interest rate is 10.8% per annum. 2,138,454 2,182,312 Loan from Pingdingshan Bank, original loan amount $663,658 (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 accrued additional interest expense in an amount of $ 812,56 (RMB 550,967) after the verdict issued by the district court of the city of Pingdingshan. 663,658 677,269 Loan from Pingdingshan rural credit cooperative union, original loan amount $663,658 (RMB 4,500,000) at an interest rate 11%, 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. 663,658 677,269 from China Construction Bank, original loan amount $589,918 (RMB4,000,000), matures in June 2016. Interest rate is 6.4% and 9.6% per annum as of June 30, 2016 and 2017, respectively. Guaranteed by Yulong Concrete and a third party. The Company is settling with the bank on loan extension subsequently. The amount of $17,560 (RMB 119,069) has been repaid by Mr. Zhu in the fiscal year 2017. 572,358 602,017 Loan from Pingdingshan Bank, original loan amount $589,918 (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 accrued an additional interest expense in an amount of $62,945 (RMB 426,808) after the verdict was issued by the district court of the city of Pingdingshan. 589,918 602,017 Loan from Pingdingshan Bank, original loan amount $589,918 (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 accrued an additional interest expense in an amount of $ 24,317(RMB 164,884) after the verdict was issued by the district court of the city of Pingdingshan. 589,918 602,017 Total short-term loans - bank $ 5,542,420 $ 5,674,011

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Schedule of other payables, related parties	Name of related parties Relationship Nature of June 30, June 30, Yulong Zhu Founder Loan for operating cash flows $ 1,047,631 $ 1,488,794 Henan Yuliang Hotel Co., Ltd. Owned by founder Loan for operating cash flows - 15,050 Lei Zhu Relative of founder Loan for operating cash flows 452,120 461,393 Total other payables-due to related parties $ 1,499,751 $ 1,965,237
Schedule of amount due from related parties	Name of related parties Relationship Nature of June 30, June 30, Hu Zhu Relative of founder Other receivables from miscellaneous transactions $ 886 $ Total due from related parties $ 886 $ - Other payables-related parties, net $ 1,498,865 $ 1,965,237

Capital Lease Obligations (Tabl

Capital Lease Obligations (Tables)	12 Months Ended
	Jun. 30, 2017
Capital Lease Obligations [Abstract]
Schedule of capital lease obligations	June 30, June 30, Lease obligations for ten waste hauling trucks expired June 2015, lease payment at $28,858 (RMB195,676) and $14,848 (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 a repayment plan with the lessor subsequently. 119,906 122,366 Lease obligations for an excavator expiring in May 2016, lease payment at $ 4,787 (RMB32,462) per month with interest at 8.8% per annum. The Company is arranging a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $30,617 (RMB 207,602). 58,578 28,535 Lease obligations for thirty waste hauling trucks expiring in July 2016, lease payment at $80,236 (RMB544,050) per month with interest at 15.6% per annum. The Company is arranging a repayment plan with the lessor subsequently. The lease agreement provides that 0.1% per day penalty fee will be applied to the outstanding balance of lease obligation. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $482,499 (RMB 3,271,632). 1,901,613 1,449,258 Lease obligation for a loader expired in April 2016, lease payment at $ 2,375 (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 a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $41,560 (RMB 281,803). 79,515 38,733 Lease obligation for a loader expired in April 2016, lease payment at $2,367 (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 a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $41,437(RMB 280,971). 79,280 38,619 Lease obligation for an excavator expiring in October 2016, lease payment at $6,914 (RMB46,870) per month with interest at 8.7% per annum. The Company is arranging a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $103,908 (RMB 704,559). 238,156 137,504 Lease obligation for an excavator expiring in October 2016, lease payment at $4,787 (RMB32,462) per month with interest at 8.7% per annum. The Company is arranging a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $71,967(RMB 487,982). 164,948 95,236 Lease obligation for a land use right which the Company expects to pay in full in late 2017. 1,888,766 1,927,500 Lease obligation for an excavator commenced on August 1, 2015 expiring on July 1, 2017, total obligation is approximately $149,092 (RMB1,010,928), lease payment at $4,787 (RMB32,462) per month with interest at 9.593%. The Company is arranging a repayment plan with the lessor subsequently. 92,440 98,587 Lease obligation for an excavator commenced on August 1, 2015 expiring on July 1, 2017, total obligation is approximately $149,092 (RMB1,010,928), lease payment at $4,787 (RMB32,462) per month with interest at 9.593%. The Company is arranging a repayment plan with the lessor subsequently. 92,440 98,587 Lease obligation for a loader commenced on August 1, 2015 expiring on January 1, 2017, total obligation is approximately $58,220 (RMB394,764), lease payment at $2,353 (RMB15,958) per month with interest at 9.525%. The Company is arranging a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $12,036 (RMB81,614). 45,195 34,672 Lease obligation for a loader commenced on August 1, 2015 expiring on July 1, 2017, total obligation is approximately $57,180 (RMB387,714), lease payment at $2,311 (RMB15,673) per month with interest at 9.525%. The Company is arranging a repayment plan with the lessor subsequently. The lease agreement provides that 0.3% per day penalty fee will be applied to the outstanding balance of lease obligation that remains unpaid after the monthly payment due date. As of June 30, 2017, total outstanding balance includes an estimated penalty approximately $11,821 (RMB 80,156). 44,387 34,052 Subtotal 4,805,224 4,103,649 Less: deferred interest (454 ) (12,506 ) Capital lease obligations, net 4,804,770 4,091,143 Less: capital lease obligations - current (4,804,770 ) (4,062,291 ) Capital lease obligations – non-current $ - $ 28,852
Schedule of future annual capital lease payments	Twelve months ending June 30, Amount 2018 $ 4,804,770 - Total $ 4,804,770

Taxes (Tables)

Taxes (Tables)	12 Months Ended
	Jun. 30, 2017
Taxes [Abstract]
Schedule of provision (benefit) for income taxes	For the years ended 2017 2016 2015 Current $ $ $ Domestic - - - Foreign 43,262 3,265,059 3,226,780 Deferred Domestic - - - Foreign 223,291 92,180 (328,761 ) Total provision for income taxes $ 266,553 $ 3,357,239 $ 2,898,019
Schedule of reconciles the statutory rates	June 30, June 30, June 30, Computed tax expense (benefit) with statutory tax rate 25.0 % 25.0 % 25.0 % Changes in valuation allowance (15.4 )% (29.6 )% (2.9 )% Foreign tax differential (5.4 )% 0.4 % - % Tax effect of non-deductible items (7.8 )% (1.0 )% 2.9 % PY Adjustment/True-up 0 % (0.2 )% - % Effective income tax rates (3.6 )% (5.4 )% 25.0 %
Schedule of deferred tax assets and liabilities	June 30, June 30, Deferred tax assets Non-current Startup cost $ 197,174 $ 201,217 Plant and equipment (377,653 ) 140,283 Intangible assets (94,156 ) (49,556 ) Staff Education 1,463 1,493 Provision for doubtful accounts 1,465,987 1,184,219 Impairment provision for long-lived assets, intangible assets, and reserve for prepayment, non-current 13,655,377 13,444,794 Net operating loss carryforward in China 942,624 284,276 Total non-current deferred tax assets 15,790,816 15,206,726 Valuation allowance (15,634,007 ) (14,817,756 ) Total non-current deferred tax assets, net 156,809 388,970 Total deferred tax assets, net $ 156,809 $ 388,970
Schedule of taxes payable	June 30, June 30, Income taxes payable $ 977,247 $ 1,126,157 VAT taxes payable 240,769 223,307 Other taxes payable 98,584 148,619 Total $ 1,316,600 $ 1,498,083

Equity (Tables)

Equity (Tables)	12 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Schedule of estimates their fair value using the Binomial Option Pricing Model	June 30, June 30, July 1, Number of shares exercisable 112,500 112,500 112,500 Exercise price 6.25 $ 6.25 $ 6.25 Stock price $ 0.51 $ 1.71 $ 6.00 Expected term (years) 3.00 4.00 5.00 Risk-free interest rate 1.74 % 0.89 % 1.63 % Expected volatility 76.58 % 84.83 % 92 %
Summary of changes in warrant activity	Fiscal year Weighted Average Outstanding, beginning balance - - - Granted 112,500 $ 6.25 5.00 Forfeited - - - Exercised - - - Outstanding, ending balance 112,500 $ 6.25 3.00

(Loss) Earnings per share (Tabl

(Loss) Earnings per share (Tables)	12 Months Ended
	Jun. 30, 2017
(Loss) Earnings per share [Abstract]
Schedule of basic and diluted (loss) earnings per share	For the year ended For the year ended For the year ended Net (loss) income $ (7,429,581 ) $ (53,190,023 ) $ 8,679,571 Weighted average shares outstanding - Basic and Diluted* 2,409,631 2,385,391 1,600,000 (Loss) Earnings per share - Basic and Diluted $ (3.08 ) $ (22.30 ) $ 5.42 *All shares outstanding for all periods have been retroactively restated to reflect the Company’s 1-for- 5 reverse stock split, which was effective on November 9, 2017.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2017
Commitments and Contingencies [Abstract]
Schedule of guaranteed in bank loans of unrelated third-parties	Name Guaranteed amount Guarantee expiration date Pingdingshan Orr Business Co., Ltd (1) $ 1,785,144 January 5, 2018 Total $ 1,785,144 (1) According to the verdict issued on March 16, 2017, the court ruled that the borrower was required to remit the loan principal in an amount of $1,769,755 (RMB 12 million) and the litigation in an amount of $15,389 (RMB 104,346). Although the loan matured on January 6, 2016, the guarantee term will be expired on January 5, 2018. Accordingly, the Company has accrued a liability in connection with such guarantee.

Segments (Tables)

Segments (Tables)	12 Months Ended
	Jun. 30, 2017
Segments [Abstract]
Schedule of divisional operations	Revenue: 2017 2016 2015 Yulong Bricks $ 3,083,244 $ 11,913,095 $ 15,586,654 Yulong Concrete and Yulong Transport 5,926,630 23,131,224 29,967,622 Yulong Renewable 496,829 7,600,112 676,108 Consolidated revenues $ 9,506,703 $ 42,644,431 $ 46,230,384 Gross profit: 2017 2016 2015 Yulong Bricks $ 631,097 $ 6,268,340 $ 9,446,895 Yulong Concrete and Yulong Transport 935,247 5,824,949 7,084,582 Yulong Renewable 329,535 4,385,629 335,922 Consolidated gross profit $ 1,895,879 $ 16,478,918 $ 16,867,399 Income (loss) from operations: 2017 2016 2015 Yulong Bricks $ (327,226 ) $ 3,000,133 $ 9,112,875 Yulong Concrete and Yulong Transport (17,682 ) 3,362,105 6,042,286 Yulong Renewable (4,376,864 ) (53,608,441 ) (1,190,220 ) Subtotal (4,721,772 ) (47,246,203 ) 13,964,941 Yulong WFOE - - - Yulong HK (960,071 ) - - Yulong Eco-Materials (162,363 ) (2,254,021 ) (1,106,489 ) Consolidated income from operations $ (5,844,206 ) $ (49,500,224 ) $ 12,858,452 Net income (loss): 2017 2016 2015 Yulong Bricks $ (557,808 ) $ 1,470,553 $ 6,872,096 Yulong Concrete and Yulong Transport (459,526 ) 2,041,042 4,159,835 Yulong Renewable (5,351,469 ) (54,852,671 ) (1,245,871 ) Subtotal (6,368,803 ) (51,341,076 ) 9,786,060 Yulong WFOE (37 ) Yulong HK (961,283 ) Yulong Eco-Materials (99,458 ) (1,848,947 ) (1,106,489 ) Consolidated net (loss) income $ (7,429,581 ) $ (53,190,023 ) $ 8,679,571 Depreciation and amortization: 2017 2016 2015 Yulong Bricks $ 586,744 $ 522,294 $ 535,938 Yulong Concrete and Yulong Transport 100,253 188,591 374,776 Yulong Renewable - 1,507,000 841,937 Consolidated depreciation and amortization $ 686,997 $ 2,217,885 $ 1,752,651 Interest expenses: 2017 2016 2015 Yulong Bricks $ 275,826 $ 509,151 $ 513,819 Yulong Concrete and Yulong Transport 370,907 397,948 486,507 Yulong Renewable 12,088 121,568 296,776 Interdivision - 94 - Consolidated interest expenses $ 658,821 $ 1,028,761 $ 1,297,102 Capital expenditures: 2017 2016 2015 Yulong Bricks $ 19,202 $ 1,155,000 $ 168,677 Yulong Concrete and Yulong Transport 4,753 5,170 40,275 Yulong Renewable 1,908,229 96,583 1,816,214 Consolidated capital expenditures $ 1,932,184 $ 1,256,753 $ 2,025,166
Schedule of assets of division	Total Assets as of: 2017 2016 2015 Yulong Bricks $ 10,896,658 $ 11,131,177 $ 37,840,558 Yulong Concrete and Yulong Transport 3,630,800 4,416,866 26,391,895 Yulong Renewable 18,106,883 20,251,768 40,638,270 Interdivision assets 1,109 590 (27,565,591 ) Yulong Eco-Materials 642,700 642,700 293,333 Total Assets $ 33,278,150 $ 36,443,101 $ 77,598,465

Principal Activities and Reor49

Principal Activities and Reorganization (Details)	12 Months Ended
	Jun. 30, 2017
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
Description of ownership	VIE by contractual arrangements
Background	● A PRC limited liability company ● Incorporated on September 20, 2006 ● Registered capital of $4,395,000 (RMB 30,000,000) fully funded
Yulong Concrete [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Name	Yulong Concrete
Description of ownership	VIE by contractual arrangements
Background	● A PRC limited liability company ● Incorporated on December 7, 2004 ● Registered capital of $2,830,000 (RMB 20,000,000) fully funded ● Production and sales of ready-mixed concrete
Yulong Transport [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Name	Yulong Transport
Description of ownership	VIE by contractual arrangements
Background	● A PRC limited liability company ● Incorporated on July 13, 2009 ● Registered capital of $1,465,464 (RMB 10,010,000) fully funded ● Provide ready-mixed concrete transportation services
Yulong Renewable [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Name	Yulong Renewable
Description of ownership	VIE by contractual arrangements
Background	● A PRC limited liability company ● Incorporated on August 16, 2011 ● Registered capital of $9,510,000 (RMB 60,000,000) fully funded ● Hauling of construction waste; production and sales of recycled aggregates and recycled bricks ● Commenced operation in April 2015

Principal Activities and Reor50

Principal Activities and Reorganization (Details Textual) - Jun. 30, 2017	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	4,395,000	¥ 30,000,000
Yulong Concrete [Member]
Nature of Business and Organization (Textual)
Registered capital	2,830,000	20,000,000
Yulong Transport [Member]
Nature of Business and Organization (Textual)
Registered capital	1,465,464	10,010,000
Yulong Renewable [Member]
Nature of Business and Organization (Textual)
Registered capital	$ 9,510,000	¥ 60,000,000

Summary of Significant Accoun51

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Jun. 30, 2017
Maximum [Member] | Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	30 years
Maximum [Member] | Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	10 years
Maximum [Member] | Transportation equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	10 years
Maximum [Member] | Office equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	5 years
Minimum [Member] | Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	10 years
Minimum [Member] | Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	5 years
Minimum [Member] | Transportation equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	5 years
Minimum [Member] | Office equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of the assets	3 years

Summary of Significant Accoun52

Summary of Significant Accounting Policies (Details 1)	12 Months Ended
	Jun. 30, 2017
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 Accoun53

Summary of Significant Accounting Policies (Details 2) - USD ($)	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Warrant liabilities	$ 2,700
Warrant liabilities, Fair value	2,700
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Warrant liabilities, Fair value
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Warrant liabilities, Fair value
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Warrant liabilities, Fair value	$ 2,700

Summary of Significant Accoun54

Summary of Significant Accounting Policies (Details 3) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Summary of Significant Accounting Policies [Abstract]
Beginning fair value
Recognized fair value at issuance on July 1, 2015	(62,905)	$ (409,775)
Realized gain recorded in earnings	(62,905)	(409,775)
Ending fair value	$ 2,700

Summary of Significant Accoun55

Summary of Significant Accounting Policies (Details Textual)	1 Months Ended	12 Months Ended
	Nov. 08, 2017	Jun. 30, 2017USD ($)SuppliersCustomers	Jun. 30, 2017CNY (¥)SuppliersCustomers	Jun. 30, 2016USD ($)SuppliersCustomers	Jun. 30, 2016CNY (¥)SuppliersCustomers	Jun. 30, 2015USD ($)SuppliersCustomers	Oct. 31, 2017USD ($)	Oct. 31, 2017CNY (¥)	Jun. 30, 2017CNY (¥)	Jun. 30, 2016CNY (¥)	Jun. 30, 2014USD ($)
Summary of Significant Accounting Policies (Textual)
Reverse stock split, description		All shares outstanding for all periods have been retroactively restated to reflect the Company's 1-for- 5 reverse stock split, which was effective on November 9, 2017.	All shares outstanding for all periods have been retroactively restated to reflect the Company's 1-for- 5 reverse stock split, which was effective on November 9, 2017.
Accumulated other comprehensive income | $		$ (1,497,938)		$ (1,219,184)
Exception of equity		1		1					¥ 6.78	¥ 6.64
Other comprehensive income		$ 6.81			¥ 6.43
Description of leases criteria		At lease inception, if the lease meets any of the following four criteria, the Company will classify it as a capital lease; otherwise it will be treated as an operating lease: (a) transfer of ownership to lessee at the end of the lease term, (b) bargain purchase option, (c) lease term is equal to 75% or more of the estimated economic life of the leased property, or (d) the present value of the minimum lease payments is 90% or more of the fair value of the leased asset.	At lease inception, if the lease meets any of the following four criteria, the Company will classify it as a capital lease; otherwise it will be treated as an operating lease: (a) transfer of ownership to lessee at the end of the lease term, (b) bargain purchase option, (c) lease term is equal to 75% or more of the estimated economic life of the leased property, or (d) the present value of the minimum lease payments is 90% or more of the fair value of the leased asset.
Shipping costs | $		$ 105,060		285,246		$ 316,256
Total expense for employee benefit plans | $		$ 86,213		55,540
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.
Depreciation expense | $		$ 632,319		2,114,469		1,697,465
Prepayment for construction projects		15,700,000		15,700,000					104,500,000	104,500,000
Cash deposits covered insurance		1,812,829		2,734,015					12,292,063	18,165,703
Allowance for doubtful accounts | $		5,863,947		3,937,778
Provision on impairment		49,700,000	¥ 336,900,000	48,800,000	¥ 323,900,000
Cash and cash equivalents and accounts receivable		$ 1,812,829		$ 2,734,015					¥ 12,292,063	¥ 18,165,703
Sales revenue, description		Yulong Renewable's business. Yulong Bricks and Yulong Concrete gradually resumed their sales revenue by 15% in the fourth quarter from the first and second quarters in 2017.	Yulong Renewable's business. Yulong Bricks and Yulong Concrete gradually resumed their sales revenue by 15% in the fourth quarter from the first and second quarters in 2017.
Subsequent Event [Member]
Summary of Significant Accounting Policies (Textual)
Reverse stock split, description	Ratio of 1-for-5.
Prepayment for construction projects							$ 5,899,183	¥ 40,000,000
Total revenues [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk		14.00%	14.00%	10.00%	10.00%	10.00%
Number of customer accounted for more than 10% | Customers		1	1
Customer One [Member] | Accounts Receivable [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk		21.00%	21.00%	26.00%	26.00%	12.00%
Number of customer accounted for more than 10% | Customers		2	2	2	2	2
Supplier One [Member] | Accounts Payable [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk		33.00%	33.00%	21.00%	21.00%
Number of suppliers				5	5
Supplier One [Member] | Total purchases [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk		25.00%	25.00%	26.00%	26.00%	19.00%
Number of suppliers		4	4	4	4	4
Customer Two [Member] | Accounts Receivable [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk		15.00%	15.00%	19.00%	19.00%	11.00%
Number of customer accounted for more than 10% | Customers		2	2	2	2	2
Supplier Two [Member] | Accounts Payable [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk		21.00%	21.00%	19.00%	19.00%
Number of suppliers				5	5
Supplier Two [Member] | Total purchases [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk		20.00%	20.00%	18.00%	18.00%	19.00%
Number of suppliers		4	4	4	4	4
Supplier Three [Member] | Accounts Payable [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk		18.00%	18.00%	16.00%	16.00%
Number of suppliers				5	5
Supplier Three [Member] | Total purchases [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk		18.00%	18.00%	16.00%	16.00%	14.00%
Number of suppliers		4	4	4	4	4
Supplier Four [Member] | Accounts Payable [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk				16.00%	16.00%
Number of suppliers				5	5
Supplier Four [Member] | Total purchases [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of concentration risk		10.00%	10.00%	10.00%	10.00%	13.00%
Number of suppliers		4	4	4	4	4
Supplier Five [Member] | Accounts Payable [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 ($)	Jun. 30, 2017	Jun. 30, 2016
Variable Interest Entity [Line Items]
Current assets	$ 8,913,268	$ 10,661,433
Plant and equipment, net	6,636,021	7,414,088
Other noncurrent assets	24,364,882	18,367,580
Variable Interest Entity [Member]
Variable Interest Entity [Line Items]
Current assets	8,319,461	10,068,142
Plant and equipment, net	6,655,838	7,425,446
Other noncurrent assets	17,659,042	18,306,223
Total assets	32,634,341	35,799,810
Total liabilities	35,415,311	33,130,293
Net (liabilities) assets	$ (2,780,970)	$ 2,669,518

Variable Interest Entities (D57

Variable Interest Entities (Details 1) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Current liabilities:
Short term loan - banks	$ 5,542,420	$ 5,674,011
Accounts payable	2,303,247	1,710,881
Other payables and accrued liabilities	9,642,359	7,601,354
Other payables - related parties	1,498,865	1,965,237
Customer deposits	4,448,220	2,571,846
Taxes payable	1,316,600	1,498,083
Capital lease obligations-current	4,804,770	4,062,291
Intercompany payable
Total current liabilities	29,559,181	25,149,308
Long term liabilities:
Capital lease obligations-non-current		28,852
Variable Interest Entity [Member]
Current liabilities:
Short term loan - banks	5,542,420	5,674,011
Accounts payable	2,303,247	1,710,881
Other payables and accrued liabilities	7,458,261	5,973,602
Payroll Payable	656,890	546,990
Other payables - related parties		1,907,458
Customer deposits	4,448,219	2,571,846
Taxes payable	1,316,110	1,497,583
Capital lease obligations-current	4,804,770	4,062,291
Intercompany payable	8,885,394	9,156,779
Total current liabilities	35,415,311	33,101,441
Long term liabilities:
Capital lease obligations-non-current		28,852
Total long term liabilities		28,852
Total liabilities	$ 35,415,311	$ 33,130,293

Variable Interest Entities (D58

Variable Interest Entities (Details 2) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Variable Interest Entity [Line Items]
Revenue	$ 9,506,703	$ 42,644,431	$ 46,230,384
Gross profit	1,895,879	16,478,918	16,867,399
(Loss) Income from operations	(5,844,206)	(49,500,224)	12,858,452
Net (loss) income	(7,429,581)	(53,190,023)	8,679,571
Variable Interest Entity [Member]
Variable Interest Entity [Line Items]
Revenue			46,230,384
Gross profit			16,867,399
(Loss) Income from operations	(4,721,772)	(47,246,203)	13,964,941
Net (loss) income	$ (6,368,803)	$ (51,341,076)	$ 9,786,060

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Accounts Receivable, Net/Deposits and Other Receivables [Abstract]
Accounts receivable	$ 10,829,140	$ 9,666,112
Less: allowance for doubtful accounts	(5,863,947)	(3,937,778)
Total accounts receivable, net	$ 4,965,193	$ 5,728,334

Accounts Receivable, Net (Det60

Accounts Receivable, Net (Details 1) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Accounts Receivable, Net/Deposits and Other Receivables [Abstract]
Beginning balance	$ 3,937,778
Charge to expense (benefit)	1,995,887	4,067,144
Exchange rate effect	(69,718)	(129,366)
Ending balance	$ 5,863,947	$ 3,937,778

Deposits and Other Receivable61

Deposits and Other Receivables (Details) - USD ($)		Jun. 30, 2017	Jun. 30, 2016
Accounts Receivable, Net/Deposits and Other Receivables [Abstract]
Refundable deposits for equipment purchase		$ 436,983	$ 444,439
Deposit for outsourcing agreement	[1]	440,388	235,176
Deposit for new project			63,739
Advances to employees	[2]	241,365	240,474
Insurance compensation		15,555	15,874
Deposit for construction in progress		8,120
Deposit with government agency		25,072	3,011
Total		$ 1,167,483	$ 1,002,713
[1]	In December 2011 and May 2016, Yulong Bricks agreed to outsource some brick production to Pingdingshan Hongrui New Construction Materials Co., Ltd., an unrelated third party, and paid approximately $132,732 and $97,719, respectively, as security deposits, which is due on demand. In September 2016, Yulong Concrete and Yulong Renewable submitted a construction bid to Jiyuan Construction Engineering Co. Ltd and paid $73,740 and $136,198 as security deposits.
[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 Receivable62

Deposits and Other Receivables (Details 1) - USD ($)		Jun. 30, 2017	Jun. 30, 2016
Accounts Receivable, Net/Deposits and Other Receivables [Abstract]
Refundable deposit - construction	[1]	$ 15,411,615	$ 15,727,696
Total		$ 15,411,615	$ 15,727,696
[1]	The Company had entered into a cancellation agreement with Pingdingshan City HuaShen Trading Co. Ltd in July 2017. The agreement provides that Yulong Renewable cancelled its purchase agreement with Pingdingshan City HuaShen Trading Co. Ltd signed on March 15, 2016. Under the purchase agreement, Yulong Renewable had remitted a payment of $15.4 million (RMB104.5 million) related to the purchase of equipment, in connection with the construction of Yulong Renewable's waste recycling plant and factory construction to the contractor. The cancellation agreement provides that the contractor would refund the payment to Yulong Renewable in five (5) equal installment amount on July 10, 2017, October 10, 2017, January 10, 2018, April 10, 2018 and July 10, 2018. The first and second installments of $5,899,183 (RMB 40 million) were received subsequently in July 2017 and October 2017, respectively, per the refund schedule.

Deposits and Other Receivable63

Deposits and Other Receivables (Details Textual) ¥ in Millions	12 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2017CNY (¥)	Sep. 30, 2016USD ($)	May 31, 2016USD ($)	Dec. 31, 2011USD ($)
Deposits and other receivables (Textual)
Cancellation of purchase agreement, description	The cancellation agreement provides that the contractor would refund the payment to Yulong Renewable in five (5) equal installment amount on July 10, 2017, October 10, 2017, January 10, 2018, April 10, 2018 and July 10, 2018. The first and second installments of $5,899,183 (RMB 40 million) were received subsequently in July 2017 and October 2017, respectively, per the refund schedule.
Pingdingshan Hongrui New Construction Materials Co., Ltd., [Member]
Deposits and other receivables (Textual)
Security deposit				$ 97,719	$ 132,732
Yulong Concrete [Member]
Deposits and other receivables (Textual)
Security deposit			$ 73,740
Yulong Renewable [Member]
Deposits and other receivables (Textual)
Security deposit			$ 136,198
Purchase of equipment	$ 15,400,000	¥ 104.5

Inventories (Details)

Inventories (Details) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Inventories [Abstract]
Raw materials	$ 138,528	$ 285,459
Semi-finished byproduct	33,145	34,236
Finished goods	37,529	45,196
Total inventories	$ 209,202	$ 364,891

Plant and Equipment, Net (Detai

Plant and Equipment, Net (Details) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Property, Plant and Equipment [Line Items]
Subtotal	$ 65,562,299	$ 64,935,143
Less: accumulated depreciation	(9,213,510)	(8,754,140)
Less: impairment reserve for fixed assets & CIP	(49,692,949)	(48,755,558)
Total	6,636,021	7,414,088
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Subtotal	24,238,100	24,735,204
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Subtotal	7,251,048	7,335,708
Machinery and equipment under capital lease [Member]
Property, Plant and Equipment [Line Items]
Subtotal	2,057,638	2,099,839
Transportation equipment [Member]
Property, Plant and Equipment [Line Items]
Subtotal	779,796	855,598
Transportation equipment under capital lease [Member]
Property, Plant and Equipment [Line Items]
Subtotal	2,633,607	2,687,620
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Subtotal	109,859	109,993
Construction-in-progress [Member]
Property, Plant and Equipment [Line Items]
Subtotal	$ 28,492,251	$ 27,111,181

Plant and Equipment, Net (Det66

Plant and Equipment, Net (Details 1)	12 Months Ended
	Jun. 30, 2017USD ($)
Schedule of Construction-in-progress
Construction-in-progress, Value	$ 19,819
Estimated additional cost to complete
Office buildings, staff facilities, equipment and machinery [Member]
Schedule of Construction-in-progress
Construction-in-progress, Value	$ 7,218
Estimated completion date	Jun. 30, 2018
Estimated additional cost to complete
Autoclave Installation [Member]
Schedule of Construction-in-progress
Construction-in-progress, Value	$ 12,601
Estimated completion date	Jun. 30, 2018
Estimated additional cost to complete

Plant and Equipment, Net (Det67

Plant and Equipment, Net (Details 2) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Schedule of capital leased assets
Capital leased assets, gross	$ 4,691,245	$ 4,787,459
Less: accumulated depreciation	(1,657,610)	(1,691,606)
Less: impairment provision	(3,033,635)	(3,095,853)
Total
Machinery and equipment [Member]
Schedule of capital leased assets
Capital leased assets, gross	2,057,638	2,099,839
Transportation equipment [Member]
Schedule of capital leased assets
Capital leased assets, gross	$ 2,633,607	$ 2,687,620

Plant and Equipment, Net (Det68

Plant and Equipment, Net (Details Textual)	Jun. 30, 2015USD ($)	Oct. 31, 2017USD ($)	Jul. 31, 2017USD ($)Installments	Jul. 31, 2017CNY (¥)Installments	Aug. 31, 2016USD ($)	Aug. 31, 2016CNY (¥)	Sep. 30, 2014USD ($)	Jul. 31, 2014USD ($)Haulingtrucks	Jul. 31, 2014CNY (¥)Haulingtrucks	Mar. 31, 2014USD ($)	Jan. 31, 2014USD ($)Haulingtrucks	Apr. 30, 2013USD ($)	Nov. 30, 2012USD ($)Haulingtrucks	Nov. 30, 2012CNY (¥)Haulingtrucks	Oct. 31, 2012USD ($)Haulingtrucks	Oct. 31, 2012CNY (¥)Haulingtrucks	Jun. 30, 2017USD ($)	Jun. 30, 2017CNY (¥)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2017CNY (¥)	Jun. 30, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2016CNY (¥)	Jun. 30, 2015CNY (¥)	Sep. 30, 2014CNY (¥)	Jul. 31, 2014CNY (¥)	Mar. 31, 2014CNY (¥)	Jan. 31, 2014CNY (¥)	Nov. 30, 2012CNY (¥)	Oct. 31, 2012CNY (¥)
Plant and equipment, net (Textual)
Construction-in-progress, Value																	$ 19,819
Payments for construction-in-progress																	5,871		$ 16,244,390	$ 1,500,468
Interest expense																	658,821		1,028,761	1,297,102
Depreciation expense																	632,319		2,114,469	1,697,465
Lease agreement amount																	4,804,770		4,091,143
Other receivable, non-current																	15,411,615		15,727,696
Impairment provision																	3,033,635		3,095,853
Exploration fee					$ 200,000	¥ 1,560,000
Subsequent Event [Member]
Plant and equipment, net (Textual)
Installment received		$ 5,900,000	$ 5,900,000
Contractor [Member]
Plant and equipment, net (Textual)
Payments for construction-in-progress																	33,600	¥ 227,700
Payables for construction-in-progress																			34,200,000			¥ 231,700,000
Purchase of Mobile Recycling Stations [Member]
Plant and equipment, net (Textual)
Interest expense																	76,854		123,478
Depreciation expense																	238,213		762,560
Buildings and improvements [Member]
Plant and equipment, net (Textual)
Impairment provision																	49,692,949		48,755,558
Machinery and equipment [Member]
Plant and equipment, net (Textual)
Impairment provision																	49,692,949		48,755,558
Machinery and equipment [Member] | Lease Agreements Nine [Member]
Plant and equipment, net (Textual)
Lease agreement amount	$ 134,000																			134,000					¥ 908,240
One time payment of lease	34,893
Security deposit	5,358																			$ 5,358
Monthly lease payment	$ 4,886
Interest rate per annum	9.60%																			9.60%					9.60%
Lease agreements term with third party	18 months
Transportation equipment [Member]
Plant and equipment, net (Textual)
Impairment provision																	49,692,949		48,755,558
Construction-in-progress [Member]
Plant and equipment, net (Textual)
Construction-in-progress, Value																							$ 18,700,000	¥ 126,800,000
Impairment provision																	49,692,949		48,755,558				$ 18,700,000	¥ 126,800,000
Fixed Assets [Member]
Plant and equipment, net (Textual)
Amount transferred to fixed assets																	8,000,000	¥ 54,400,000
Construction-in-progress, Value																	40,400,000
Impairment Reserve [Member]
Plant and equipment, net (Textual)
Construction-in-progress, Value																	7,800,000				¥ 51,600,000
Cancellation Agreement [Member] | Contractor [Member] | Subsequent Event [Member]
Plant and equipment, net (Textual)
Payments for construction-in-progress			$ 15,300,000	¥ 104,500,000
Number of installments | Installments			5	5
Machinery and equipment under capital lease [Member] | Lease Agreements [Member]
Plant and equipment, net (Textual)
Lease agreement amount										$ 134,000									58,578			397,194						¥ 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										$ 51,000																		¥ 345,780
One time payment of lease										17,758
Security deposit										5,549
Monthly lease payment										$ 3,000
Interest rate per annum										8.50%																		8.50%
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							$ 190,000										238,156				1,614,841					¥ 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							$ 131,000										164,948				1,118,446					¥ 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%
Lease agreements term with third party							2 years
Machinery and equipment under capital lease [Member] | Lease Agreements Four [Member]
Plant and equipment, net (Textual)
Lease agreement amount							$ 50,000										79,515				539,159					¥ 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							$ 50,000										$ 79,280				¥ 537,566					¥ 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	$ 49,000																			$ 49,000					¥ 330,000
One time payment of lease	15,893
Security deposit	4,967																			$ 4,967
Monthly lease payment	$ 2,359
Interest rate per annum	9.525%																			9.525%					9.525%
Lease agreements term with third party	18 months
Machinery and equipment under capital lease [Member] | Lease Agreements Seven [Member]
Plant and equipment, net (Textual)
Lease agreement amount	$ 50,000																			$ 50,000					¥ 336,600
One time payment of lease	16,182
Security deposit	5,056																			$ 5,056
Monthly lease payment	$ 2,401
Interest rate per annum	9.525%																			9.525%					9.525%
Lease agreements term with third party	18 months
Machinery and equipment under capital lease [Member] | Lease Agreements Eight [Member]
Plant and equipment, net (Textual)
Lease agreement amount	$ 134,000																			$ 134,000					¥ 908,240
One time payment of lease	34,893
Security deposit	5,358																			$ 5,358
Monthly lease payment	$ 4,886
Interest rate per annum	9.60%																			9.60%					9.60%
Lease agreements term with third party	18 months
Transportation equipment under capital lease [Member] | Lease Agreements One [Member]
Plant and equipment, net (Textual)
Lease agreement amount															$ 607,000																¥ 4,114,208
One time payment of lease												$ 163,701
Security deposit															46,899																¥ 318,000
Monthly lease payment															$ 24,000
Interest rate per annum															18.20%																18.20%
Insurance															$ 67,936	¥ 415,000
Transportation equipment under capital lease [Member] | Lease Agreements Two [Member]
Plant and equipment, net (Textual)
Lease agreement amount													$ 594,000						$ 119,906			¥ 813,035								¥ 4,027,225
One time payment of lease												$ 163,704
Security deposit													46,899																	¥ 318,000
Monthly lease payment													$ 32,000							$ 16,000
Interest rate per annum													16.80%																	16.80%
Number of hauling trucks | Haulingtrucks													30	30	10	10
Insurance													$ 56,968	¥ 348,000
Transportation equipment under capital lease [Member] | Lease Agreements Three [Member]
Plant and equipment, net (Textual)
Lease agreement amount								$ 639,235			$ 62,000																¥ 11,115,000		¥ 418,000
One time payment of lease								383,058	¥ 2,340,000
Monthly lease payment								$ 89,000
Interest rate per annum								15.60%																			15.60%
Number of hauling trucks | Haulingtrucks								30	30		100
Lease agreements with third party, description								Binding agreement with the same party to lease the first 30 trucks for two years for approximately $1,639,235 (RMB 11,115,000), or approximately $54,641 (RMB 370,500) per truck. The lease also requires a one-time payment of $345,102 (RMB 2,340,000) as security deposit paid in July 2014 and monthly lease payments of approximately $89,000 from August 2014 to July 2016, with interest rate at 15.6% per annum. The Company has an option to purchase the vehicles for $491 if there is no default of the lease payments at the end of the lease term (see Note 12).	Binding agreement with the same party to lease the first 30 trucks for two years for approximately $1,639,235 (RMB 11,115,000), or approximately $54,641 (RMB 370,500) per truck. The lease also requires a one-time payment of $345,102 (RMB 2,340,000) as security deposit paid in July 2014 and monthly lease payments of approximately $89,000 from August 2014 to July 2016, with interest rate at 15.6% per annum. The Company has an option to purchase the vehicles for $491 if there is no default of the lease payments at the end of the lease term (see Note 12).

Prepayments, Net (Details)

Prepayments, Net (Details) - USD ($)		Jun. 30, 2017	Jun. 30, 2016
Prepayments, Net [Abstract]
Prepayment for equipment purchase		$ 14,748	$ 15,050
Prepayment for construction	[1]	2,719,889	2,769,652
Subtotal		2,734,637	2,784,702
Reserve for prepayment for construction	[1]	(2,719,889)	(2,769,652)
Total prepayment, net		$ 14,748	$ 15,050
[1]	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 $2,719,889 (RMB18,442,479) and $2,769,652 (RMB18,402,479) as of June 30,2017 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, $2,719,889 (RMB18,442,479) and $2,769,652 (RMB18,402,479) as of June 30,2017 and June 30, 2016, respectively, as there is an uncertainty in the refundable status of the construction vendors.

Prepayments, Net (Details Textu

Prepayments, Net (Details Textual)	Jun. 30, 2017USD ($)	Jun. 30, 2017CNY (¥)	Jun. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Prepayments, Net (Textual)
Prepaid construction fees	$ 2,719,889	¥ 18,442,479	$ 2,769,652	¥ 18,402,479
Prepayment for construction reserve	$ 2,719,889	¥ 18,442,479	$ 2,769,652	¥ 18,402,479

Intangibles, Net (Details)

Intangibles, Net (Details) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Intangibles, Net [Abstract]
Land use rights under capital lease	$ 4,746,119	$ 4,843,458
Less: accumulated amortization	(472,082)	(425,701)
Less: impairment reserve	(2,208,668)	(2,253,966)
Total	$ 2,065,369	$ 2,163,791

Intangibles, Net (Details 1)

Intangibles, Net (Details 1)	Jun. 30, 2017USD ($)
Estimated amortization expenses
2,018	$ 49,727
2,019	49,727
2,020	49,727
2,021	49,727
2,022	49,727
Thereafter	1,816,734
Total	$ 2,065,369

Intangibles, Net (Details Textu

Intangibles, Net (Details Textual) ¥ in Thousands	12 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2017CNY (¥)
Intangibles, Net (Textual)
Total land use rights under capital leases	$ 2,065,369
Lease expiration period		50 years
Amortization expenses	$ 54,678	$ 103,417	$ 55,186
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	$ 4,481,698			¥ 30,388,600
Associated costs	$ 263,861			¥ 1,789,135

Short-Term Loans (Details)

Short-Term Loans (Details) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Schedule of Short-term loans
Short term loan - banks	$ 5,542,420	$ 5,674,011
Loan from Pingdingshan Bank, due in April 2015 [Member]
Schedule of Short-term loans
Short term loan - banks	324,456	331,109
Loan from Pingdingshan Rural Credit Cooperative Union, matures in July 2016 [Member]
Schedule of Short-term loans
Short term loan - banks	2,138,454	2,182,312
Loan from Pingdingshan Bank, matures in August 2016 [Member]
Schedule of Short-term loans
Short term loan - banks	663,658	677,269
Loan from Pingdingshan rural credit cooperative union, matures in August 2017 [Member]
Schedule of Short-term loans
Short term loan - banks	663,658	677,269
Loan from China Construction Bank, matures in June 2016 [Member]
Schedule of Short-term loans
Short term loan - banks	572,358	602,017
Loan from Pingdingshan Bank, matures in September 2016 [Member]
Schedule of Short-term loans
Short term loan - banks	589,918	602,017
Loan from Pingdingshan Bank, matures in March 2017 [Member]
Schedule of Short-term loans
Short term loan - banks	$ 589,918	$ 602,017

Short-Term Loans (Details Textu

Short-Term Loans (Details Textual)	1 Months Ended	12 Months Ended
	Mar. 16, 2017	Jun. 30, 2017USD ($)	Jun. 30, 2017CNY (¥)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Short-Term Loans (Textual)
Loan maturity date	Jan. 5, 2018
Repayment of short term bank loan		$ 17,478		$ 5,907,051	$ 4,316,850
Interest expense on debts		$ 646,734		$ 783,190
Loan from Pingdingshan Bank, due in April 2015 [Member]
Short-Term Loans (Textual)
Loan maturity date		Aug. 31, 2015	Aug. 31, 2015
Loan Interest rate, percentage		12.00%	12.00%
Interest rate during period		11.50%	11.50%
Repayment of short term bank loan		$ 265,464	¥ 1,800,000
Interest expense on debts		324,456	2,200,000
Short-term loan amount		589,918	4,000,000
Accrued additional interest expense		$ 56,891	¥ 385,758
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
Loan Interest rate, percentage		12.10%	12.10%
Interest rate during period		10.80%	10.80%
Loan from Pingdingshan Bank, matures in August 2016 [Member]
Short-Term Loans (Textual)
Loan maturity date		Aug. 31, 2016	Aug. 31, 2016
Loan Interest rate, percentage		8.73%	8.73%
Short-term loan amount		$ 663,658	¥ 4,500,000
Accrued additional interest expense		$ 81,256	¥ 550,967
Loan from Pingdingshan rural credit cooperative union, matures in August 2017 [Member]
Short-Term Loans (Textual)
Loan maturity date		Aug. 30, 2017	Aug. 30, 2017
Loan Interest rate, percentage		11.00%	11.00%
Short-term loan amount		$ 663,658	¥ 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
Loan Interest rate, percentage		9.60%	9.60%	6.40%
Repayment of short term bank loan		$ 17,560	¥ 119,069
Short-term loan amount		$ 589,918	¥ 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
Loan Interest rate, percentage		8.30%	8.30%
Short-term loan amount		$ 589,918	¥ 4,000,000
Accrued additional interest expense		$ 62,945	¥ 426,808
Loan from Pingdingshan Bank, matures in March 2017 [Member]
Short-Term Loans (Textual)
Loan maturity date		Mar. 31, 2017	Mar. 31, 2017
Loan Interest rate, percentage		8.70%	8.70%
Short-term loan amount		$ 589,918	¥ 4,000,000
Accrued additional interest expense		$ 24,317	¥ 164,884

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Related Party Transaction [Line Items]
Total other payables	$ 1,498,865	$ 1,965,237
Yulong Zhu [Member]
Related Party Transaction [Line Items]
Relationship	Founder	Founder
Nature of transactions	Loan for operating cash flows	Loan for operating cash flows
Total other payables	$ 1,047,631	$ 1,488,794
Henan Yuliang Hotel Co., Ltd.[Member]
Related Party Transaction [Line Items]
Relationship	Owned by founder	Owned by founder
Nature of transactions	Loan for operating cash flows	Loan for operating cash flows
Total other payables		$ 15,050
Lei Zhu [Member]
Related Party Transaction [Line Items]
Relationship	Relative of founder	Relative of founder
Nature of transactions	Loan for operating cash flows	Loan for operating cash flows
Total other payables	$ 452,120	$ 461,393

Related Party Transactions (D77

Related Party Transactions (Details 1) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Related Party Transaction [Line Items]
Total due from related parties	$ 886,000
Other payables-related parties, net	$ (1,498,865)	$ (1,965,237)
Hu Zhu [Member]
Related Party Transaction [Line Items]
Relationship	Relative of founder	Relative of founder
Nature of transactions	Other receivables from miscellaneous transactions	Other receivables from miscellaneous transactions
Total due from related parties	$ 886

Capital Lease Obligations (Deta

Capital Lease Obligations (Details)	Jun. 30, 2017USD ($)	Jun. 30, 2017CNY (¥)	Jun. 30, 2016USD ($)
Capital Leased Assets [Line Items]
Subtotal	$ 4,805,224		$ 4,103,649
Less: deferred interest	(454)		(12,506)
Capital lease obligations, net	4,804,770		4,091,143
Less: capital lease obligations - current	4,804,770		4,062,291
Capital lease obligations - non-current			28,852
Lease obligations for ten waste hauling trucks expired June 2015 [Member]
Capital Leased Assets [Line Items]
Subtotal	119,906		122,366
Lease obligations for an excavator expiring in May 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	58,578		28,535
Lease obligations for thirty waste hauling trucks expiring in July 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	1,901,613		1,449,258
Lease obligation for a loader expired in April 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	79,515		38,733
Lease obligation for a loader expired in April 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	79,280		38,619
Lease obligation for an excavator expiring in October 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	238,156		137,504
Lease obligation for an excavator expiring in October 2016 [Member]
Capital Leased Assets [Line Items]
Subtotal	164,948		95,236
Lease obligation for a land use right in late 2017 [Member]
Capital Leased Assets [Line Items]
Subtotal	1,888,766		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	92,440		98,587
Capital lease obligations, net	149,092	¥ 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	92,440		98,587
Capital lease obligations, net	149,092	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	45,195		34,672
Capital lease obligations, net	58,220	394,764
Lease obligation for a loader commenced on August 1, 2015 expiring on July 1, 2017 [Member]
Capital Leased Assets [Line Items]
Subtotal	44,387		$ 34,052
Capital lease obligations, net	$ 57,180	¥ 387,714

Capital Lease Obligations (De79

Capital Lease Obligations (Details 1)	Jun. 30, 2017USD ($)
Future annual capital lease payments
2,018	$ 4,804,770
Total	$ 4,804,770

Capital Lease Obligations (De80

Capital Lease Obligations (Details Textual)	12 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017CNY (¥)	Jun. 30, 2016CNY (¥)	Jun. 30, 2015USD ($)	Jun. 30, 2015CNY (¥)	Jun. 30, 2014USD ($)	Jun. 30, 2014CNY (¥)
Capital Lease Obligations (Textual)
Accrued interest in connection with capital lease obligations	$ 76,854	$ 66,388
Interest expenses on capital lease obligations	11,746	123,478
Total lease obligation	4,804,770	4,091,143
Lease obligations for ten waste hauling trucks expired May 2015 [Member]
Capital Lease Obligations (Textual)
Lease payment							$ 29,450	¥ 195,676
Lease obligations for ten waste hauling trucks expired June 2015 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 28,858	$ 14,848	¥ 195,676	¥ 100,676	$ 15,152	¥ 100,676
Capital lease obligations, expiration date	Jun. 30, 2015
Percentage of interest on capital lease obligations	16.80%		16.80%
Lease obligations for an excavator expiring in May 2016 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 4,787		¥ 32,462
Capital lease obligations, expiration date	May 31, 2016
Percentage of interest on capital lease obligations	8.80%		8.80%
Capital lease obligations, outstanding	$ 30,617		¥ 207,602
Capital lease penalty fee, percentge	0.30%		0.30%
Lease obligations for thirty waste hauling trucks expiring in July 2016 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 80,236		¥ 544,050
Capital lease obligations, expiration date	Jul. 31, 2016
Percentage of interest on capital lease obligations	15.60%		15.60%
Capital lease obligations, outstanding	$ 482,499		¥ 3,271,632
Capital lease penalty fee, percentge	0.10%		0.10%
Lease obligation for a loader expired in April 2016 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 2,375		¥ 16,101
Capital lease obligations, expiration date	Apr. 30, 2016
Percentage of interest on capital lease obligations	8.30%		8.30%
Capital lease obligations, outstanding	$ 41,560		¥ 281,803
Capital lease penalty fee, percentge	0.30%		0.30%
Lease obligation for a loader expired in April 2016 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 2,367		¥ 16,053
Capital lease obligations, expiration date	Apr. 30, 2016
Percentage of interest on capital lease obligations	8.30%		8.30%
Capital lease obligations, outstanding	$ 41,437		¥ 280,971
Capital lease penalty fee, percentge	0.30%		0.30%
Lease obligation for an excavator expiring in October 2016 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 6,914		¥ 46,870
Capital lease obligations, expiration date	Oct. 31, 2016
Percentage of interest on capital lease obligations	8.70%		8.70%
Capital lease obligations, outstanding	$ 103,908		¥ 704,559
Capital lease penalty fee, percentge	0.30%		0.30%
Lease obligation for an excavator expiring in October 2016 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 4,787		¥ 32,462
Capital lease obligations, expiration date	Oct. 31, 2016
Percentage of interest on capital lease obligations	8.70%		8.70%
Capital lease obligations, outstanding	$ 71,967		¥ 487,982
Lease obligation for an excavator commenced on August 1, 2015 expiring on July 1, 2017 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 4,787		¥ 32,462
Capital lease obligations, expiration date	Jul. 1, 2017
Percentage of interest on capital lease obligations	9.593%		9.593%
Total lease obligation	$ 149,092		¥ 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	$ 4,787		¥ 32,462
Capital lease obligations, expiration date	Jul. 1, 2017
Percentage of interest on capital lease obligations	9.593%		9.593%
Total lease obligation	$ 149,092		¥ 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	$ 2,353		¥ 15,958,000
Capital lease obligations, expiration date	Jan. 1, 2017
Percentage of interest on capital lease obligations	9.525%		9.525%
Total lease obligation	$ 58,220		¥ 394,764
Capital lease obligations, outstanding	12,036		81,614
Lease obligation for a loader commenced on August 1, 2015 expiring on July 1, 2017 [Member]
Capital Lease Obligations (Textual)
Lease payment	$ 2,311		¥ 15,673
Capital lease obligations, expiration date	Jul. 1, 2017
Percentage of interest on capital lease obligations	9.525%		9.525%
Total lease obligation	$ 57,180		¥ 387,714
Capital lease obligations, outstanding	$ 11,821		¥ 80,156

Taxes (Details)

Taxes (Details) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Current
Domestic
Foreign	223,291	92,180	(328,761)
Deferred
Domestic
Foreign	43,262	3,265,059	3,226,780
Total provision for income taxes	$ 266,553	$ 3,357,239	$ 2,898,019

Taxes (Details 1)

Taxes (Details 1)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Taxes [Abstract]
Computed tax expense (benefit) with statutory tax rate	25.00%	25.00%	25.00%
Changes in valuation allowance	(15.40%)	(29.60%)	(2.90%)
Foreign tax differential	(5.40%)	0.40%
Tax effect of non-deductible items	(7.80%)	(1.00%)	2.90%
PY Adjustment/True-up	0.00%	(0.20%)
Effective income tax rates	(3.60%)	(5.40%)	25.00%

Taxes (Details 2)

Taxes (Details 2) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Deferred tax assets
Startup cost	$ 197,174	$ 201,217
Plant and equipment	(377,653)	140,283
Intangible assets	(94,156)	(49,556)
Staff Education	1,463	1,493
Provision for doubtful accounts	1,465,987	1,184,219
Impairment provision for long-lived assets, intangible assets, and reserve for prepayment, non-current	13,655,377	13,444,794
Net operating loss carryforward in China	942,624	284,276
Total non-current deferred tax assets	15,790,816	15,206,726
Valuation allowance	(15,634,007)	(14,817,756)
Total non-current deferred tax assets, net	156,809	388,970
Total deferred tax assets, net	$ 156,809	$ 388,970

Taxes (Details 3)

Taxes (Details 3) - USD ($)	Jun. 30, 2017	Jun. 30, 2016
Taxes [Abstract]
Income taxes payable	$ 977,247	$ 1,126,157
VAT taxes payable	240,769	223,307
Other taxes payable	98,584	148,619
Total	$ 1,316,600	$ 1,498,083

Taxes (Details Textual)

Taxes (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Taxes (Textual)
Hong Kong income tax rate percentage	(5.40%)	0.40%
China income tax rate	25.00%	25.00%	25.00%
Aggregate undistributed earnings
VAT tax exemption description	Yulong Bricks' products qualify for "specified building materials" under the PRC law of [2008] No. 156 and is therefore eligible for VAT tax exemption. Yulong Concrete's products are mainly produced with cement and are eligible for a VAT at the rate of 6% of the gross sale prices under the PRC law of [2009] No. 9. Yulong Concrete's VAT rate decreased to 3% starting in November 2014.
Net operating losses carried forward	$ 942,624	284,276
Net of valuation allowance	$ 156,809	$ 388,970
Effective income tax rates	(3.60%)	(5.40%)	25.00%
Accumulated deficit	$ (39,407,775)	$ (31,978,194)
Minimum [Member]
Taxes (Textual)
VAT percentage	13.00%
Maximum [Member]
Taxes (Textual)
VAT percentage	17.00%
Hong Kong [Member]
Taxes (Textual)
Hong Kong income tax rate percentage	16.50%
Net operating losses carried forward	$ 2,071,316	1,110,033
Net of valuation allowance	$ 341,767	183,155
PRC [Member]
Taxes (Textual)
China income tax rate	25.00%
Taxable revenue percent	90.00%
PRC withholding tax percentage	10.00%
Net operating losses carried forward	$ 2,403,430	427,556
Net of valuation allowance	$ 15,292,240	$ 14,634,601

Equity (Details)

Equity (Details) - $ / shares	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Equity [Abstract]
Number of shares exercisable	112,500	112,500	112,500
Exercise price	$ 6.25	$ 6.25	$ 6.25
Stock price	$ 0.51	$ 1.71	$ 6
Expected term (years)	3 years	4 years	5 years
Risk-free interest rate	1.74%	0.89%	1.63%
Expected volatility	76.58%	84.83%	92.00%

Equity (Details 1)

Equity (Details 1) - Warrant [Member]	12 Months Ended
	Jun. 30, 2017$ / 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

Equity (Details Textual)

Equity (Details Textual)	Jul. 06, 2016	Jan. 19, 2016$ / shares	Feb. 27, 2015Shareholders	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)$ / shares	Jun. 30, 2015USD ($)shares
Equity (Textual)
Variable interest entity, description				Yulong WFOE and the VIEs is required to set aside at least 10% of its after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of its registered capital.
Net assets					$ 3,453,575	$ 47,875,838
Gain on change in fair value of warrant				$ (62,905)	(409,775)
Proceeds from issuance of IPO shares, net					11,510,157
Stock-based compensation expenses				162,363	534,237
Share price | $ / shares		$ 3.20
Statutory reserves				3,922,228	3,922,228
Consulting agreement, description	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 11,628 shares (pre-reverse split 58,140 shares) of the Company's ordinary shares. 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. The shares were issued on August 15, 2016.
Stock-based compensation - consulting services, description		6,256 shares ( before Reverse Stock Split was 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? 19,194 shares (before Reverse Stock Split was 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.
Service fee					150,000
Warrant [Member]
Equity (Textual)
Gain on change in fair value of warrant				62,905	$ 409,775
Warrant liabilities				2,700		475,380
IPO [Member]
Equity (Textual)
Conversion into ordinary shares						$ 1,500,000
Conversion into ordinary shares, Shares | shares						1,279,060
Price per share | $ / shares					$ 6.25
Description of initial public offering						granted a 45-days option to its underwriters to purchase up to 67,500 (pre-reverse split 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 22,500 (pre-reverse split 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 5,280 (pre-reverse split 26,400) shares of ordinary shares in the aggregate to its CFO (4,000 (pre-reverse split 20,000) shares vested concurrently with the closing of IPO) and two non-executive board members (640 (pre-reverse split 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 318,708 (pre-reverse split 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	$ 165,000	$ 0
Share price | $ / shares					$ 6.25
Number of shareholders | Shareholders			5

(Loss) Earnings per share (Deta

(Loss) Earnings per share (Details) - USD ($)		12 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
(Loss) Earnings per share [Abstract]
Net (loss) income		$ (7,429,581)	$ (53,190,023)	$ 8,679,571
Weighted average shares outstanding - Basic and Diluted	[1]	2,409,631	2,385,391	1,600,000
(Loss) Earnings per share - Basic and Diluted	[1]	$ (3.08)	$ (22.3)	$ 5.42
[1]	All shares outstanding for all periods have been retroactively restated to reflect the Company's 1-for-5 reverse stock split, which was effective on November 9, 2017.

Commitments and Contingencies90

Commitments and Contingencies (Details)	12 Months Ended
	Jun. 30, 2017USD ($)
Loss Contingencies [Line Items]
Guaranteed amount	$ 1,785,144
Pingdingshan Orr Business Co., Ltd [Member]
Loss Contingencies [Line Items]
Guaranteed amount	$ 1,785,144	[1]
Guarantee expiration date	Jan. 5, 2018	[1]
[1]	According to the verdict issued on March 16, 2017, the court ruled that the borrower was required to remit the loan principal in an amount of $1,769,755 (RMB 12 million) and the litigation in an amount of $15,389 (RMB 104,346). Although the loan matured on January 6, 2016, the guarantee term will be expired on January 5, 2018. Accordingly, the Company has accrued a liability in connection with such guarantee.

Commitments and Contingencies91

Commitments and Contingencies (Details Textual)	1 Months Ended									12 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 (¥)	Jun. 30, 2017USD ($)	Jun. 30, 2017CNY (¥)	Jun. 30, 2017CNY (¥)	Mar. 16, 2017CNY (¥)
Commitments and Contingencies (Textual)
Other payables and accrued liabilities										$ 4,027,858		¥ 27,311,296
Loss contingency damages paid value						$ 123,883	¥ 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. $14,043 (RMB 95,222), and 1,185.86 square meters of other land fines per square meter RMB 3.00, i.e. $525 (RMB 3,558) , resulting in a total of $14,568 (RMB 98,780).
litigation costs	$ 15,389	¥ 104,346				$ 3,349	¥ 22,708
Loan principal amount	$ 1,769,755												¥ 12,000,000
Guarantee will expires date	Jan. 5, 2018	Jan. 5, 2018
Guaranteed amount										1,785,144
Unpaid amounts of other payables										106,366		721,225
Guarantee amount issued by individuals										1,210,632	¥ 8,208,809
Unpaid occupation of land			$ 24,892	¥ 168,780,000
Pay a fine amount			$ 10,324	¥ 70,000
Bank loan of unrelated amount										1,800,000
Xuchang Tongli [Member]
Commitments and Contingencies (Textual)
Guaranteed amount										1,785,144	12,104,346
Unpaid amounts of other payables										411,810		2,792,317
Purchase commitment contract amount paid										127,230		862,708
Bank loans										361,784		2,453,111,000
Purchase capital lease obligations										24,892	¥ 168,780
Xian Oriental Fuxing [Member]
Commitments and Contingencies (Textual)
Related to purchase commitment								$ 411,468	¥ 2,790,000
Purchase commitment contract amount paid										$ 287,585		¥ 1,950,000

Segments (Details)

Segments (Details) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Revenue:
Consolidated revenues	$ 9,506,703	$ 42,644,431	$ 46,230,384
Gross profit:
Consolidated gross profit	1,895,879	16,478,918	16,867,399
Income (loss) from operations:
Consolidated income from operations	(5,844,206)	(49,500,224)	12,858,452
Net income (loss):
Consolidated net (loss) income	(7,429,581)	(53,190,023)	8,679,571
Depreciation and amortization:
Consolidated depreciation and amortization	686,997	2,217,885	1,752,651
Interest expenses:
Consolidated interest expenses	658,821	1,028,761	1,297,102
Capital expenditures:
Consolidated capital expenditures	1,932,184	1,256,753	2,025,166
Subtotal [Member]
Revenue:
Consolidated revenues			46,230,384
Gross profit:
Consolidated gross profit			16,867,399
Income (loss) from operations:
Consolidated income from operations	(4,721,772)	(47,246,203)	13,964,941
Net income (loss):
Consolidated net (loss) income	(6,368,803)	(51,341,076)	9,786,060
Yulong Bricks [Member]
Revenue:
Consolidated revenues	3,083,244	11,913,095	15,586,654
Gross profit:
Consolidated gross profit	631,097	6,268,340	9,446,895
Income (loss) from operations:
Consolidated income from operations	(327,226)	3,000,133	9,112,875
Net income (loss):
Consolidated net (loss) income	(557,808)	1,470,553	6,872,096
Depreciation and amortization:
Consolidated depreciation and amortization	586,744	522,294	535,938
Interest expenses:
Consolidated interest expenses	275,826	509,151	513,819
Capital expenditures:
Consolidated capital expenditures	19,202	1,155,000	168,677
Yulong Concrete and Yulong Transport [Member]
Revenue:
Consolidated revenues	5,926,630	23,131,224	29,967,622
Gross profit:
Consolidated gross profit	935,247	5,824,949	7,084,582
Income (loss) from operations:
Consolidated income from operations	(17,682)	3,362,105	6,042,286
Net income (loss):
Consolidated net (loss) income	(459,526)	2,041,042	4,159,835
Depreciation and amortization:
Consolidated depreciation and amortization	100,253	188,591	374,776
Interest expenses:
Consolidated interest expenses	370,907	397,948	486,507
Capital expenditures:
Consolidated capital expenditures	4,753	5,170	40,275
Yulong Renewable [Member]
Revenue:
Consolidated revenues	496,829	7,600,112	676,108
Gross profit:
Consolidated gross profit	329,535	4,385,629	335,922
Income (loss) from operations:
Consolidated income from operations	(4,376,864)	(53,608,441)	(1,190,220)
Net income (loss):
Consolidated net (loss) income	(5,351,469)	(54,852,671)	(1,245,871)
Depreciation and amortization:
Consolidated depreciation and amortization		1,507,000	841,937
Interest expenses:
Consolidated interest expenses	12,088	121,568	296,776
Capital expenditures:
Consolidated capital expenditures	1,908,229	96,583	1,816,214
Yulong Eco-Materials [Member]
Income (loss) from operations:
Consolidated income from operations	(162,363)	(2,254,021)	(1,106,489)
Net income (loss):
Consolidated net (loss) income	(99,458)	(1,848,947)	(1,106,489)
Interdivision [Member]
Interest expenses:
Consolidated interest expenses		94
Yulong WFOE [Member]
Income (loss) from operations:
Consolidated income from operations
Net income (loss):
Consolidated net (loss) income	(37)
Yulong HK [Member]
Income (loss) from operations:
Consolidated income from operations	(960,071)
Net income (loss):
Consolidated net (loss) income	$ (961,283)

Segments (Details 1)

Segments (Details 1) - USD ($)	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets	$ 33,278,150	$ 36,443,101	$ 77,598,465
Yulong Bricks [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets	10,896,658	11,131,177	37,840,558
Yulong Concrete and Yulong Transport [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets	3,630,800	4,416,866	26,391,895
Yulong Renewable [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets	18,106,883	20,251,768	40,638,270
Interdivision assets [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets	1,109	590	(27,565,591)
Yulong Eco-Materials [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets	$ 642,700	$ 642,700	$ 293,333

Segments (Details Textual)

Segments (Details Textual)	12 Months Ended
	Jun. 30, 2016Segments
Segments Textual [Abstract]
Number of segment reporting divisions	3

Subsequent Events (Details)

Subsequent Events (Details)	Mar. 07, 2017USD ($)	Mar. 07, 2017CNY (¥)	Jun. 30, 2017USD ($)	Jun. 30, 2017CNY (¥)	Jun. 30, 2017USD ($)
Subsequent Events (Textual)
Payments for legal settlements	$ 37,063	¥ 251,308
Reverse stock split and conversion of shares, description					The Reverse Stock Split is intended to increase the per share trading price of the Company's ordinary shares to satisfy the $1.00 minimum bid price requirement for continued listing on the NASDAQ Capital Market. When the reverse stock split becomes effective, every five (5) shares of ordinary shares will automatically convert into one (1) share of ordinary shares with no change in par value per share. This reduced the number of shares outstanding as of November 9, 2017 from approximately 12,055,324 to approximately 2,411,070.
August 13, 2015 [Member]
Subsequent Events (Textual)
Operational financing amount			$ 663,658	¥ 4,500,000
Loan interest			8.73	8.73
September 30, 2015 [Member]
Subsequent Events (Textual)
Operational financing amount			$ 589,918	¥ 4,000,000
Loan interest			8.28	8.28
March 9, 2016 [Member]
Subsequent Events (Textual)
Operational financing amount			$ 589,918	¥ 4,000,000
Loan interest			8.7	8.7
Yulong Renewable [Member]
Subsequent Events (Textual)
Payments for legal settlements	37,437	253,842
Court fees	$ 374	¥ 2,534
Bank of Pingdingshan-Kuanggong [Member]
Subsequent Events (Textual)
Court fees					$ 20,962