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INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Net deferred tax liabilities

Net deferred tax liabilities consist of the following components at June 30:

		2016		2015
Deferred tax assets:
NOL carryover	$	48,359,356		$	45,886,227
Amortization		-			21,115
Allowance for bad debts		29,250			19,500
Accrued expense		254,971			649,635
Deferred revenue		1,059,667			676,138
Deferred tax liabilities:
Depreciation		(88,495	)		(140,838	)
Amortization		(184,989	)		-
Valuation allowance		(49,429,760	)		(47,211,777	)
Net deferred tax asset	$	-		$	-

Summary of income tax

		2016				2015
Book income (loss)		$	259,941			$	(1,500,591	)
Stock for services			134,721				172,502
Stock for charity			-				61,601
Intangible impairment			-				583,324
Change in accrual stock			(394,664	)			211,982
Life insurance			26,438				26,438
Meals & entertainment			10,785				12,885
Change in deferred revenue			383,528				(41,778	)
Change in allowance for doubtful accounts			(7,410	)			(7,800
Change in depreciation			103,589				(137,747	)
NOL utilization			(516,928	)			-
Valuation allowance			-				619,719
		$	-			$	-

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- References

No definition available.

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

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- Definition

Tabular disclosure of deferred tax liabilities not recognized because of the exceptions to comprehensive recognition of deferred taxes, including a description of the temporary differences, events that would cause the temporary differences to become taxable, the cumulative amounts of the temporary differences and the amounts not recognized as deferred tax liabilities or a statement that the determination of the deferred tax liabilities is not practicable.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 740
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6487024&loc=d3e29054-158556

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 25
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68052875&loc=d3e28200-109314

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

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