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DERIVATIVE FINANCIAL INSTRUMENTS and FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
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Mar. 31, 2016
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The following tables summarize the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2016:
|  | Balance at |  | Quoted Prices |  | Significant |  |  |  |
|  | March |  | in Active |  | Other |  | Significant |
|  | 31, |  | Markets for |  | Observable |  | Unobservable |
|  | 2016 |  | Identical Assets |  | Inputs |  | Inputs |
|  |  |  |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Embedded conversion option liabilities |  | $ | 3,659,506 |  | $ | — |  | $ | — |  | $ | 3,659,506 |
Fair value of liability for warrant derivative instruments |  | $ | 80,630 |  | $ | — |  | $ | — |  | $ | 80,630 |
Total |  | $ | 3,740,136 |  | $ | — |  | $ | — |  | $ | 3,740,136 |
Schedule of Derivative Liabilities at Fair Value [Table Text Block] | The following is a roll forward for the nine months ended March 31, 2016 of the fair value liability of price adjustable derivative instruments:
|  | Fair Value of |
|  | Liability for |
|  | Derivative |
|  | Instruments |
Balance at June 30, 2015 |  | $ | 1,049,929 |
Effects of foreign currency exchange rate changes |  |  | (10,490) |
Initial fair value of embedded conversion option derivative liability recorded as debt discount |  |  | 2,205,925 |
Initial fair value of embedded conversion option derivative liability recorded as change in fair value of ECO |  |  | 2,211,529 |
Change in fair value included in statements of operations |  |  | (1,716,757) |
Balance at March 31, 2016 |  | $ | 3,740,136 |
Warrant [Member] | Convertible Debt [Member] |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | Warrants
|  | March 31, 2016 |
Volatility |  |  | 217 | %
Expected remaining term |  |  | 2.50 |
Risk-free interest rate |  |  | 1.31 | %
Expected dividend yield |  |  | none |
Convertible Debt
|  | Initial Valuations (on new derivative instruments entered into during the three months ended March 31, 2016) |  |  | March 31, 2016 |
Volatility |  |  | 217 | % |  |  | 217 | %
Expected Remaining Term |  |  | 0.70 |  |  |  | 0.58 |
Risk Free Interest Rate |  |  | 0.7 | % |  |  | 0.6 | %
Expected dividend yield |  |  | none |  |  |  | none |

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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