COMMITMENTS (Tables)

3 Months Ended

Sep. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

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

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

	Amount
Twelve months ending September 30,
2016	$	145,296
2017		86,863
2018		66,150
2019		62,141
	$	360,450