COMMITMENTS

9 Months Ended

Mar. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

11. COMMITMENTS

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 March 31,
2016	$	122,898
2017		65,576
2018		67,293
2019		69,062
Thereafter		30,265
	$	355,094

Rent expense for the nine months ended March 31, 2015 and 2014 was $150,724 and $157,036, respectively. Rent expense for the three months ended March 31, 2015 and 2014 was $50,503 and $68,986, respectively.