COMMITMENTS AND CONTINGENCY (Tables)

12 Months Ended

Jun. 30, 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 June 30,
2017	$	214,866
2018		137,576
2019		111,119
2020		48,597
	$	512,158