DEFERRED REVENUE (Tables)

12 Months Ended

Jun. 30, 2015

DEFERRED REVENUE [Abstract]

Deferred revenue by arrangement

As of June 30, 2015 and June 30, 2014, the remaining deferred revenue was as follows:

	June 30, 2015		June 30, 2014
Current	$	50,000	$	50,000
Non-current		370,833		420,833
	$	420,833	$	470,833