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

INCOME TAXES (Details Textual)

v3.5.0.2
INCOME TAXES (Details Textual) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Jun. 30, 2015
Jun. 30, 2014
Operating Income (Loss) $ (1,290,752) $ (516,565) $ (3,441,964) $ (1,004,144) $ (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