COMMITMENTS AND CONTIGENCIES (Tables)

9 Months Ended

Mar. 31, 2016

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 April 16, 2020. Future minimum lease payments under operating lease agreements are as follows:

	Amount
Twelve months ending March 31,
2017	$	243,701
2018		152,092
2019		110,456
2020		72,960
Thereafter		-
	$	579,209