XML 30 R20.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

Dec. 31, 2015

As of June 30, 2014, the Company had various loans payable to directors of the Company. All loans had interest payable at the rate of 12.5% per annum and which were due upon demand. Related interest was accrued and reported in accrued expenses.

		2015			2014
Related Party notes payable		$	-		$	553,154

Schedule Of Directors Dees And Salaries [Table Text Block]

At December 31, 2015 and June 30, 2015, the Company had accrued Directors' fees and salaries in the following amounts:

		December 31, 2015			June 30, 2015
Directors Fees and Salaries		$	313,502		$	152,714