Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS and FAIR VALUE MEASUREMENTS (Details 1)

v3.3.1.900
DERIVATIVE FINANCIAL INSTRUMENTS and FAIR VALUE MEASUREMENTS (Details 1) - USD ($)
Dec. 31, 2015
Jun. 30, 2015
Derivative [Line Items]    
Embedded conversion option liability $ 2,511,405  
Fair value of liability for warrant derivative instruments 82,086  
Total 2,593,491 $ 1,049,929
Fair Value, Inputs, Level 1 [Member]    
Derivative [Line Items]    
Embedded conversion option liability 0  
Fair value of liability for warrant derivative instruments 0  
Total 0  
Fair Value, Inputs, Level 2 [Member]    
Derivative [Line Items]    
Embedded conversion option liability 0  
Fair value of liability for warrant derivative instruments 0  
Total 0  
Fair Value, Inputs, Level 3 [Member]    
Derivative [Line Items]    
Embedded conversion option liability 2,511,405  
Fair value of liability for warrant derivative instruments 82,086  
Total $ 2,593,491