COMMITMENTS AND CONTINGENCY (Tables)

12 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]

The Company leases certain office premises and apartments for employees under operating leases through May 17, 2015. Future minimum lease payments under operating leases agreements are as follows:

	Amount
Twevle months ending June 30,
2014	$	146,114
2015		41,227
	$	187,341