Quarterly report pursuant to Section 13 or 15(d)

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

v3.6.0.2
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)
6 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule Of Translation Exchange Rates [Table Text Block]
As of December 31, 2016 and June 30, 2016, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the unaudited consolidated financial statements were as follows:
  
 
 
December 31,
 
 
June 30,
 
 
 
2016
 
 
2016
 
Exchange rate on balance sheet dates
 
 
 
 
 
 
 
 
USD : AUD exchange rate
 
 
0.7197
 
 
 
0.7401
 
 
 
 
 
 
 
 
 
 
Average exchange rate for the period
 
 
 
 
 
 
 
 
USD : AUD exchange rate
 
 
0.7541
 
 
 
0.7282
 
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Changes in Accumulated Other Comprehensive Income (Loss) by Component during the six months ended December 31, 2016 was as follows:
 
 
 
Foreign
 
 
 
Currency
 
 
 
Items:
 
Beginning balance, June 30, 2016
 
$
131,264
 
Foreign currency translation gain
 
 
256,898
 
Ending balance, December 31, 2016
 
$
388,162