COMMITMENTS

9 Months Ended

Mar. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

6. COMMITMENTS

Office leases

The Company leases certain office premises and apartments for employees under operating leases through September 30, 2014. Future minimum lease payments under operating leases agreements are as follows:

	Amount
Twelve months ending March 31,
2013	$	111,197
2014		30,696
	$	141,893

Rent expense for the nine months ended March 31, 2013 and 2012 was $173,075 and $256,413, respectively. Rent expense for the three months ended March 31, 2013 and 2012 was $39,858 and $74,017, respectively.