DEFERRED REVENUE (Tables)

12 Months Ended

Jun. 30, 2014

DEFERRED REVENUE [Abstract]

Deferred revenue by arrangement

As of June 30, 2014, the remaining deferred revenue was as follows:

	June 30, 2014		June 30, 2013
Current	$	50,000	$	25,000
Non-current		420,833		225,000
	$	470,833	$	250,000