Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.7.0.1
Commitments and Contingencies (Tables)
12 Months Ended
Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
As of June 30, 2017, minimum rental commitment under the leases is as follows:
 
 
 
Operating Leases
 
Sub-lease Income
 
Total
 
Year Ending June 30,
 
 
 
 
 
 
 
 
 
 
2018
 
 
691,422
 
 
(152,005)
 
 
539,417
 
2019
 
 
712,360
 
 
(157,187)
 
 
555,173
 
2020
 
 
664,696
 
 
(148,551)
 
 
516,145
 
2021
 
 
338,392
 
 
-
 
 
338,392
 
2022
 
 
347,836
 
 
-
 
 
347,836
 
Thereafter
 
 
569,364
 
 
-
 
 
569,364
 
 
 
$
3,324,070
 
$
(457,743)
 
$
2,866,327