COMMITMENTS

3 Months Ended

Sep. 30, 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 expiring through May 17, 2015. Future minimum lease payments under operating leases agreements are as follows:

	Amount
Twevle months ending September 30,
2014	$	142,808
2015		19,503
	$	162,311

Rent expense for the three months ended September 30, 2013 and 2012 was $46,525 and $77,880, respectively.