10. FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Dec. 31, 2015

Fair Value Measurements Tables

Schedule or fair value measurements

Liabilities measured at fair value on a recurring basis at December 31, 2015, are summarized as follows:

	Level 1		Level 2		Level 3		Total
Fair value of derivatives	$	-	$	-	$	-	$	-
Securities available-for-sale	$	30,000	$	-	$	-	$	30,000

Liabilities measured at fair value on a recurring basis at June 30, 2015, are summarized as follows:

	Level 1		Level 2		Level 3		Total
Fair value of derivatives	$	-	$	12,814,941	$	-	$	12,814,941
Securities available-for-sale	$	-	$	-	$	-	$	-