PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)		Jun. 30, 2016	Jun. 30, 2015
Consultant fees	[1]	$ 845,420	$ 1,375,681
Advance to employees		105,137	166,772
Insurance		0	77,584
Other		55,056	81,923
Total		1,005,613	1,701,960
Less current portion		826,631	1,265,609
Total noncurrent portion		$ 178,982	$ 436,351

[1] The Company entered into management consulting and advisory services agreements with two consultants on June 6, 2014, pursuant to which the consultants should assist the Company in, among other things, financial and tax due diligence, business evaluation and integration, and development of pro forma financial statements. In return for their services, as approved by the Company’s Board of Directors, a total of 600,000 shares of the Company’s common stock were issued to these two consultants. During June 2014, a total of 200,000 shares of the Company’s common stock were issued to the consultants as a prepayment for their services. The value of their consulting services was determined using the fair value of the Company’s common stock of $2.34 per share when the shares were issued to the consultants. The remaining 400,000 shares of the Company's common stock were then issued to the consultants on August 29, 2014 at $1.68 per share. Their service agreements are for the period from July 1, 2014 to December 31, 2016.