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SUMMARY OF SIGNIFICANT POLICIES (Tables)
6 Months Ended
Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fair Value, by Balance Sheet Grouping [Table Text Block]
The following table presents assets that are measured at fair value on a recurring basis at December 31, 2015 and June 30, 2015:
 
December 31, 2015
 
Total
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Convertible note payable
 
$
341,564
 
$
-
 
$
341,564
 
$
-
 
Total
 
$
341,564
 
$
-
 
$
341,564
 
$
-
 
 
June 30, 2015
 
Total
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Convertible note payable
 
$
358,366
 
$
-
 
$
358,366
 
$
-
 
Total
 
$
358,366
 
$
-
 
$
358,366
 
$
-
 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets for the computation of basic and diluted earnings per share for the six months ended December 31, 2015 and 2014:
 
 
 
2015
 
2014
 
Net Income (Loss)
 
$
158,339
 
$
(719,240)
 
 
 
 
 
 
 
 
 
Weighted average number of shares used in computing basic and diluted net loss per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
9,686,428
 
 
2,000,000
 
Diluted
 
 
10,195,536
 
 
2,000,000
 
 
 
 
 
 
 
 
 
Net loss per share
 
 
 
 
 
 
 
Basic and Diluted:
 
 
 
 
 
 
 
Basic
 
$
0.016
 
$
(0.360)
 
Diluted
 
$
0.015
 
$
(0.360)