Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 2)

v3.5.0.2
INCOME TAXES (Details 2) - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Current Deferred Tax Assets    
Total Current Deferred Tax Assets $ 51,784 $ 109,630
Current Deferred Tax Liabilities    
Total Current Deferred Tax Liabilities 6,198 0
Non-Current Deferred Tax Assets    
Total Non-Current Deferred Tax Assets 4,649,771 3,706,452
Deferred Tax Valuation Allowance (4,707,753) (3,816,082)
Total Non-Current Deferred Tax Assets (57,982) (109,630)
Total Deferred Tax Assets (Net) 0 0
Warrant Derivative Liability [Member]    
Current Deferred Tax Assets    
Total Current Deferred Tax Assets 23,818 88,204
Provision For Annual Leave [Member]    
Current Deferred Tax Assets    
Total Current Deferred Tax Assets 27,966 21,426
Superannuation [Member]    
Current Deferred Tax Assets    
Total Current Deferred Tax Assets 0 0
Prepaid Investor Services [Member]    
Current Deferred Tax Liabilities    
Total Current Deferred Tax Liabilities 0 0
Non-Current Deferred Tax Assets    
Total Non-Current Deferred Tax Assets 378,409 185,025
Prepaid Expenses [Member]    
Current Deferred Tax Liabilities    
Total Current Deferred Tax Liabilities 6,198 0
Prepaid Insurance [Member]    
Current Deferred Tax Liabilities    
Total Current Deferred Tax Liabilities 0 0
Accounts Payable/Trade Creditors [Member]    
Current Deferred Tax Liabilities    
Total Current Deferred Tax Liabilities 0 0
Patent Costs [Member]    
Current Deferred Tax Liabilities    
Total Current Deferred Tax Liabilities 0 0
Non-Current Deferred Tax Assets    
Total Non-Current Deferred Tax Assets 91,408 59,995
Capital Raising Costs [Member]    
Non-Current Deferred Tax Assets    
Total Non-Current Deferred Tax Assets 22,489 23,261
Legal Costs [Member]    
Non-Current Deferred Tax Assets    
Total Non-Current Deferred Tax Assets 22,801 23,583
Intellectual Property [Member]    
Non-Current Deferred Tax Assets    
Total Non-Current Deferred Tax Assets 11,226 11,612
Formation Expense [Member]    
Non-Current Deferred Tax Assets    
Total Non-Current Deferred Tax Assets 6,881 7,117
Net Operating Loss Carryover [Member]    
Non-Current Deferred Tax Assets    
Total Non-Current Deferred Tax Assets 4,155,936 3,426,149
Foreign Exchange Loss (OCI) [Member]    
Non-Current Deferred Tax Assets    
Total Non-Current Deferred Tax Assets $ (39,379) $ (30,290)