BUSINESS COMBINATIONS (Tables)

12 Months Ended

Jun. 30, 2015

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The purchase price was allocated as follows:

Purchase Consideration:

Fair value of Momspot (1)	$	-

Tangible assets acquired		-

(1)

Fair value, which was not material, was based upon the fair value of the cash consideration paid by the Company for the acquisition of Momspot ($0 consideration received) and a discounted cash flow analysis, including the calculation of the present value of the terminal value of cash flows, and supporting analysis that included a comparison of selected financial data of the Company with similar data of other publicly held companies comparable to ours in terms of end markets, operational characteristics, growth prospects and geographical footprint.

Business Acquisition, Pro Forma Information [Table Text Block]

The following table presents the unaudited pro-forma financial results, as if the acquisition of Momspot had been completed as of July 1, 2013:

	For the year ended
	June 30,
	2014
Revenues	$	-
Net loss		(1,079)
Loss per share - basic and diluted	$	(0.00)