4. EARNINGS PER SHARE

9 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

4.   EARNINGS PER SHARE

For the three and nine month periods ended March 31, 2014, the effect of the Company's potential issue of 2,129,167 shares from the exercise of 3,591,667 outstanding warrants would have been anti-dilutive (see note 6).  Accordingly, only basic net loss per share has been presented.