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10. FAIR VALUE MEASUREMENTS (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Fair value of derivatives	$ 0	$ 12,814,941
Securities available-for-sale	30,000	0
Level 1 [Member]
Fair value of derivatives	0	0
Securities available-for-sale	30,000	0
Level 2 [Member]
Fair value of derivatives	0	12,814,941
Securities available-for-sale	0	0
Level 3 [Member]
Fair value of derivatives	0	0
Securities available-for-sale	$ 0	$ 0

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.

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