NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2016

Schedule Of Translation Exchange Rates [Table Text Block]

As of June 30, 2016 and 2015, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the financial statements were as follows:

	June 30, 2016		June 30, 2015
Exchange rate on balance sheet dates
USD : AUD exchange rate		0.7401		0.7655

Average exchange rate for the period
USD : AUD exchange rate		0.7282		0.8369

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Changes in Accumulated Other Comprehensive Income (Loss) by component during the years ended June 30, 2015 and 2016 were as follows:

	Foreign Currency Items:
Beginning balance, June 30, 2014	$	(302,863)
Foreign currency translation gain		403,831
Balance, June 30, 2015		100,968
Foreign currency translation gain		30,296
Ending balance, June 30, 2016	$	131,264

Schedule Of Estimated Useful Lives Of Property, Plant and Equipment [Table Text Block]

The estimated useful lives are as follows:

Machinery and equipment	- 5 years
Furniture	- 7 years

Annual report pursuant to Section 13 and 15(d)

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)