Quarterly report pursuant to Section 13 or 15(d)

10. DERIVATIVE FINANCIAL INSTRUMENTS and FAIR VALUE MEASUREMENTS (Details 2)

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10. DERIVATIVE FINANCIAL INSTRUMENTS and FAIR VALUE MEASUREMENTS (Details 2) (USD $)
9 Months Ended
Mar. 31, 2014
Derivative Financial Instruments And Fair Value Measurements Details 2  
Balance at June 30, 2013 $ 0
Initial fair value recording of warrant derivative liability as debt discount 144,241
Effects of foreign currency exchange rate changes (5,882)
Change in fair value included in statements of operations (27,016)
Balance at March 31, 2014 $ 111,343