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PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)
Dec. 31, 2016
Jun. 30, 2016
Consultant fees [1] $ 237,224 $ 845,420
Advance to employees 73,647 105,137
Other 116,178 55,056
Total 427,049 1,005,613
Less current portion 334,535 826,631
Total noncurrent portion $ 92,514 $ 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 were to 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 Board, a total of 600,000 shares of the Company’s common stock were issued to the two consultants. Both management consulting and advisory services agreements were for the period from July 1, 2014 to December 31, 2016.