General form of registration statement for all companies including face-amount certificate companies

CONVERTIBLE NOTES (Tables)

v3.3.0.814
CONVERTIBLE NOTES (Tables)
3 Months Ended 12 Months Ended
Sep. 30, 2015
Jun. 30, 2015
Debt Disclosure [Abstract]    
Schedule of convertible debenture [Table Text Block]
Convertible notes at September 30, 2015 were as follows:
 
Convertible notes and debenture
 
$
1,773,500
 
Unamortized discounts
 
 
(448,532)
 
Accrued interest
 
 
57,295
 
Premium
 
 
766,637
 
Convertible notes, net
 
$
2,148,900
 
Convertible notes at June 30, 2015 and 2014 were as follows:
 
 
 
June 30, 2015
 
June 30, 2014
 
Convertible notes and debenture
 
$
1,455,000
 
$
366,296
 
Unamortized discounts
 
 
(415,467)
 
 
(121,059)
 
Accrued interest
 
 
26,989
 
 
-
 
Premium, net
 
 
727,853
 
 
27,187
 
Convertible notes, net
 
$
1,794,375
 
$
272,424