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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Net income (loss) $ 158,339 $ (719,240)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 15,072 33,725
Other non cash operating expenses 0 391,016
Amortization of debt discount 30,425 0
(Increase) decrease in assets:    
Other current assets (29,920) (22,642)
Increase (decrease) in current liabilities:    
Accounts payable and accrued expenses 10,234 7,859
Net cash provided by (used in) operating activities 184,150 (309,282)
Cash flows from financing activities    
Proceeds from borrowings, net of repayments 50,000 16,400
Proceed from issuance of shares 0 183,740
Net cash provided by financing activities 50,000 200,140
Effect of exchange rate changes 15,102 110,603
Net increase in cash and cash equivalents 249,252 1,461
Cash and cash equivalents at the beginning of the period 77,045 4,413
Cash and cash equivalents at the end of the period 326,297 5,874
Cash paid during the period for:    
Income tax payments 0 0
Interest payments 0 0
Supplemental schedule of non-cash financing activities:    
Payment of Director Loans 0 658,632
Issuance of Shares for Payments for Operations 0 721,145
Payment of Directors Fees $ 0 $ 757,956