INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2018

Income Tax Disclosure [Abstract]

Effective income tax rate reconciliation

The Company’s combined effective income tax rate differed from the U.S. federal statutory income rate as follows:

	Year ended June 30,
	2018		2017
Income tax benefit computed at the U.S. federal statutory rate		-28%		-34%
Change in valuation allowance		28%		34%
Total		0%		0%

Significant components of the Company's net deferred income tax assets

Significant components of the Company’s net deferred income tax assets as of June 30, 2018 and June 30, 2017 were as follows:

	June 30, 2018			June 30, 2017
Federal net operating loss carryforwards	$	14,209,723		$	18,557,615
Federal - other		2,722,072			3,794,302
Wisconsin net operating loss carryforwards		3,779,643			3,116,946
Australia net operating loss carryforwards		1,280,966			1,334,725
Deferred income tax asset valuation allowance		(21,992,404	)		(26,803,588	)
Total deferred income tax assets	$	-		$	-