PREPAID EXPENSES

3 Months Ended

Sep. 30, 2014

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses Disclosure [Text Block]

6. PREPAID EXPENSES

Prepaid expenses are as follows:

	September 30,		June 30,
	2014		2014
Prepaid consultant fees (See note 8)	$	1,068,311	$	468,000
Prepaid legal fees		85,000		24,802
Prepaid other		57,589		4,727
Total		1,210,900		497,529
Less current portion		461,462		216,729
Total noncurrent portion	$	749,438	$	280,800