Shareholders equity (Tables)

9 Months Ended

Mar. 31, 2016

Schedule of the summary of Restricted stock grants [Table Text Block]

				Weighted Average		Aggregate
				Grant Date		Intrinsic
Restricted stock grants	Shares			Fair Value Per Share		Value
Nonvested as of June 30, 2014	-		$	-	$	-
Granted	251,875			4.02		1,013,413
Vested	(76,875	)		4.17		320,663
Nonvested as of June 30, 2015	175,000		$	3.96	$	692,750
Vested	(175,000	)		3.96		692,750
Nonvested as of March 31, 2016	-		$	-	$	-