SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

For the three months ended September 30, 2016 and 2015, the following convertible debt, stock options and warrants to purchase shares of common stock were excluded from the computation of diluted net income or loss per share, as the inclusion of such shares would be anti-dilutive:

	Three months ended
	September 30, 2016		September 30, 2015
Stock options		583,333		916,666
Restricted stock units		600,000		-
Stock warrants		2,380,950		20,658,822
		3,564,283		21,575,488