INCOME TAXES (Details Textual) - USD ($) |
12 Months Ended | |
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Jun. 30, 2015 |
Jun. 30, 2014 |
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| Operating Income (Loss) | $ (1,705,587) | $ (761,221) |
| Research Tax Credit Carryforward [Member] | ||
| Tax Credit Carryforward, Amount | 1,527,228 | |
| Australian Taxation Office [Member] | ||
| Operating Income (Loss) | $ 12,486,000 | |
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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