Annual report pursuant to Section 13 and 15(d)

Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)

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Nature of Operations and Summary of Significant Accounting and Reporting Policies (Tables)
12 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Schedule of Translation Exchange Rates

As of June 30, 2017 and June 30, 2016, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the consolidated financial statements were as follows:

 

    June 30, 2017     June 30, 2016  
Exchange rate on balance sheet dates                
USD : AUD exchange rate     0.7676       0.7401  
                 
Average exchange rate for the period                
USD : AUD exchange rate     0.7544       0.7282  

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated Other Comprehensive Income (Loss) by Component during the years ended June 30, 2016 and 2017 were as follows:

 

   

Foreign

Currency Items:

 
Beginning balance, June 30, 2015   $ 100,968  
Foreign currency translation gain     30,296  
Balance, June 30, 2016     131,264  
Foreign currency translation loss     (273,013)  
Ending balance, June 30, 2017   $ (141,749)