XML 37 R11.htm IDEA: XBRL DOCUMENT v3.3.0.814
6. SHORT-TERM BORROWINGS
3 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
SHORT-TERM BORROWINGS

Short-term borrowings consisted of the following as of:

 

   September 30,
2015
   June 30,
2015
 
Loan dated June 2011, due to a financial institution, with monthly interest payments (interest rate of 8.90% per annum), and the principal balance due March 2016 (interest rate of 5.025% per annum as extended)  $148,295   $148,295 

 

The short-term borrowings of $148,295 as of September, 2015 and June 30, 2015, resulted from the consolidation of FTI’s debt.