PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)

12 Months Ended

Jun. 30, 2015

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

Other Current Assets [Text Block]

The Company’s prepaid expenses and other current assets are as follows:

	June 30,		June 30,
	2015		2014
Consultant fees (See note 11)	$	1,375,681	$	468,000
Advance to employees		166,772		-
Insurance		77,584		-
Legal		-		24,802
Other		81,923		4,727
Total		1,701,960		497,529
Less current portion		1,265,609		216,729
Total noncurrent portion	$	436,351	$	280,800