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DEFERRED REVENUE | 12 Months Ended
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Jun. 30, 2017
Deferred Revenue Disclosure [Abstract] |
DEFERRED REVENUE | Deferred revenue consisted of the following at June 30:
|  | 2017 |  |  | 2016 |
Subscription |  | $ | 2,083,070 |  |  | $ | 2,221,264 |
Other |  |  | 267,776 |  |  |  | 495,830 |
|  | $ | 2,350,846 |  |  | $ | 2,717,094 |

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- Definition The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 430 -URI http://asc.fasb.org/topic&trid=2122452 + Details
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