Quarterly report pursuant to Section 13 or 15(d)

Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)

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Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)
9 Months Ended
Mar. 31, 2017
Accounting Policies [Abstract]  
Schedule of Translation Exchange Rates

As of March 31, 2017 and June 30, 2016, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the unaudited consolidated financial statements were as follows:

 

    March 31, 2017     June 30, 2016  
Exchange rate on balance sheet dates                
USD : AUD exchange rate     0.7638       0.7401  
                 
Average exchange rate for the period                
USD : AUD exchange rate     0.7556       0.7282

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated Other Comprehensive Income (Loss) by Component during the nine months ended March 31, 2017 was as follows:

 

    Foreign
Currency Items:
 
Beginning balance, June 30, 2016   $ 131,264  
Foreign currency translation loss     (217,100 )
Ending balance, March 31, 2017   $ (85,836 )