v2.4.0.6
COMMITMENTS AND CONTINGENCY (Tables)
12 Months Ended
Jun. 30, 2012
Commitments and Contingencies Disclosure [Abstract]  
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]

The Company leases certain office premises and apartments for employees under operating leases through October 31, 2013. Future minimum lease payments under operating leases agreements are as follows:

 

    Amount  
       
Twevle months ending June 30,        
         
2013   $ 138,437  
2014     17,598  
    $ 156,035