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PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)
Sep. 30, 2016
Jun. 30, 2016
Consultant fees [1] $ 520,205 $ 845,420
Advance to employees 105,520 105,137
Other 59,918 55,056
Total 685,643 1,005,613
Less current portion 562,723 826,631
Total noncurrent portion $ 122,920 $ 178,982
[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. Their service agreements are for the period from July 1, 2014 to December 31, 2016.