Annual report pursuant to Section 13 and 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS and FAIR VALUE MEASUREMENTS (Details 1)

v3.5.0.2
DERIVATIVE FINANCIAL INSTRUMENTS and FAIR VALUE MEASUREMENTS (Details 1) - USD ($)
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Derivative [Line Items]      
Embedded conversion option liabilities $ 994,343 $ 780,281  
Fair value of liability for warrant derivative instruments 55,839 269,648  
Total 1,050,182 1,049,929 $ 158,244
Fair Value, Inputs, Level 1 [Member]      
Derivative [Line Items]      
Embedded conversion option liabilities 0 0  
Fair value of liability for warrant derivative instruments 0 0  
Total 0 0  
Fair Value, Inputs, Level 2 [Member]      
Derivative [Line Items]      
Embedded conversion option liabilities 0 0  
Fair value of liability for warrant derivative instruments 0 0  
Total 0 0  
Fair Value, Inputs, Level 3 [Member]      
Derivative [Line Items]      
Embedded conversion option liabilities 994,343 780,281  
Fair value of liability for warrant derivative instruments 55,839 269,648  
Total $ 1,050,182 $ 1,049,929