4. EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2015

Earnings Per Share Reconciliation [Abstract]

Earnings Per Share Reconciliation Disclosure

4. EARNINGS PER SHARE

For the years ended June 30, 2015 and 2014, the effect of the Company's potential issue of 3,756,667 shares from the exercise of outstanding warrants (see note 6) and the issuance of 521,550 shares for common stock payable would have been anti-dilutive.  Accordingly, basic net loss per share is the same as diluted at June 30, 2015 and 2014.