OTHER LONG-TERM ASSETS (Tables)

12 Months Ended

Jun. 30, 2015

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

Schedule of Other Assets, Noncurrent [Table Text Block]

The Company’s other long-term assets is as follows:

	June 30,		June 30,
	2015		2014
Installment payment related to Vessel acquisition	$	2,736,229	$	-
Rent deposit		37,679		16,734
Total	$	2,773,908	$	16,734