INCOME TAXES (Details Textual) - USD ($) |
3 Months Ended | 6 Months Ended | 12 Months Ended | |||
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Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
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Operating Income (Loss) | $ (1,143,821) | $ (249,441) | $ (2,151,212) | $ (487,579) | $ (1,705,587) | $ (761,221) |
Research Tax Credit Carryforward [Member] | ||||||
Tax Credit Carryforward, Amount | 1,527,228 | |||||
Australian Taxation Office [Member] | ||||||
Operating Income (Loss) | $ 12,486,000 |
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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