COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Dec. 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 lease agreements with terms through April 16, 2020. Future minimum lease payments under the operating lease agreements are as follows:

	Amount
Twelve months ending December 31,
2017	$	194,517
2018		109,539
2019		95,226
2020		11,345
	$	410,627