COMMITMENTS (Tables)

3 Months Ended

Sep. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

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

The Company leases certain office premises under operating leases through August 31, 2019. Future minimum lease payments under operating leases agreements are as follows:

	Amount
Twelve months ending September 30,
2015	$	155,463
2016		77,506
2017		64,122
2018		65,856
2019		67,641
Thereafter		5,649
	$	436,237