4. EARNINGS PER SHARE

9 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

4.EARNINGS PER SHARE

For the three and nine month periods ended March 31, 2015 and 2014, the effect of the Company's potential issue of 3,756,667 and 2,129,167 shares, respectively, from the exercise of outstanding warrants would have been anti-dilutive (see note 6).  Accordingly, basic net loss per share is the same as diluted for the periods ended March 31, 2015 and 2014.