v2.4.0.8

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Statement of Financial Position [Abstract]
Allowances for trade	$ 4,932,970	$ 30,642,373
Allowance for advances to suppliers	$ 3,836,107	$ 19,689,609
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	3,880,866	3,880,866
Common stock, shares outstanding	3,880,866	3,880,866

Allowance For Advances To Suppliers Current

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China Precision Steel, Inc. 10-K