Quarterly report pursuant to Section 13 or 15(d)

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

v3.5.0.2
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)
3 Months Ended
Sep. 30, 2016
Accounting Policies [Abstract]  
Schedule Of Translation Exchange Rates [Table Text Block]
As of September 30, 2016 and June 30, 2016, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the unaudited financial statements were as follows:
 
 
 
September 30, 2016
 
June 30, 2016
 
Exchange rate on balance sheet dates
 
 
 
 
 
 
 
USD : AUD exchange rate
 
 
0.7667
 
 
0.7401
 
 
 
 
 
 
 
 
 
Average exchange rate for the period
 
 
 
 
 
 
 
USD : AUD exchange rate
 
 
0.7585
 
 
0.7282
 
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Changes in Accumulated Other Comprehensive Income (Loss) by Component during the three months ended September 30, 2016 was as follows:
 
 
 
Foreign
 
 
 
Currency
 
 
 
Items:
 
Beginning balance, June 30, 2016
 
$
131,264
 
Foreign currency translation loss
 
 
(224,819)
 
Ending balance, September 30, 2016
 
$
(93,555)