4. EARNINGS PER SHARE

6 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

4.     EARNINGS PER SHARE

For the three and six month periods ended December 31, 2014 and 2013, the effect of the Company's potential issue of 3,756,667 and 1,462,500 shares, respectively, from the exercise of outstanding warrants would have been anti-dilutive (see note 5).  Accordingly, basic net loss per share is the same as diluted at December 31, 2014 and 2013.