v3.7.0.1

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
REVENUE	$ 18,953,657	$ 45,613,084
COST OF REVENUE	11,838,252	32,973,492
GROSS PROFIT	7,115,405	12,639,592
OPERATING EXPENSES:
Selling	44,282	137,858
General and administrative	8,542,878	13,169,466
Impairment expenses	97,028,507	2,431,718
Total operating expenses	105,615,667	15,739,042
LOSS FROM OPERATIONS	(98,500,262)	(3,099,450)
OTHER INCOME (EXPENSE)
Other income	13,997
Interest income	38	165,367
Interest expense	(2,496,033)	(5,552,467)
Other finance expense	(168,461)	(63,083)
Gain from assets transfer	5,122,075
Change in fair value of warrants	2,833,882	7,131,724
Total other income, net	5,305,498	1,681,541
LOSS BEFORE INCOME TAXES	(93,194,764)	(1,417,909)
PROVISION FOR INCOME TAXES	1,051,040	2,045,865
NET LOSS	(94,245,804)	(3,463,774)
Less: Net loss attributable to noncontrolling interest	(4,354,504)
NET LOSS ATTRIBUTABLE TO COMMOM SHAREHOLDERS	(89,891,300)	(3,463,774)
OTHER COMPREHENSIVE LOSS
Foreign currency translation adjustment	(8,226,838)	1,074,431
COMPREHENSIVE LOSS	(98,118,138)	(2,389,343)
Less: Comprehensive income (loss) attributable to noncontrolling interest	22,904
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMOM SHAREHOLDERS	$ (98,141,042)	$ (2,389,343)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES
Basic and diluted (in dollars per share)	2,396,022	2,329,183
LOSS PER SHARE
Basic and diluted (in shares)	$ (37.52)	$ (1.49)

Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=68055307&loc=d3e2420-110228

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585

Hongli Clean Energy Technologies Corp. 10-K