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INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences and tax loss carry forwards that give rise to significant portions of deferred tax assets at June 30, 2015 and 2014 are comprised of the following:

		As of June 30,
		2015			2014
Deferred tax asset
Net operating loss carryovers		$	21,869		$	21,698
Stock based compensation			125			125
Total deferred tax assets			21,994			21,823
Valuation Allowance			(21,994)			(21,823)
Deferred tax asset, net of allowance		$	-		$	-

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The expected tax expense (benefit) based on the U.S. federal statutory rate is reconciled with actual tax expense (benefit) as follows:

		As of June 30,
		2015				2014
Statutory federal income tax rate			-34.0	%			-34.0	%
State income tax, net of federal benefit			-9.1	%			-11.5	%
Other			7.1	%			0.0	%
Valuation Allowance			36.0	%			45.5	%
Income tax provision (benefit)			0.0	%			0.0	%

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The income tax provision consists of the following:

		As of June 30,
		2015			2014
Federal
Current		$	-		$	-
Deferred			(128)			451
State
Current			-			-
Deferred			(43)			153
Change in valuation allowance			171			(604)
Income tax provision (benefit)		$	-		$	-

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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=6907707&loc=d3e32639-109319

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



-Section 50



-Paragraph 2



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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



-Section 50



-Paragraph 12



-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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