General form of registration statement for all companies including face-amount certificate companies

Commitments and Contingencies (Tables)

v2.4.1.9
Commitments and Contingencies (Tables)
9 Months Ended 12 Months Ended
Mar. 31, 2015
Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]    
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
As of March 31, 2015, minimum rental commitment under the lease is as follows:
 
Year Ending June 30,
 
 
 
 
2015
 
$
88,552
 
2016
 
 
359,468
 
2017
 
 
370,252
 
2018
 
 
381,360
 
2019
 
 
392,855
 
Thereafter
 
 
335,747
 
 
 
$
1,928,234
 
As of June 30, 2014, minimum rental commitment under the operating lease is as follows:
 
Year Ending June 30,
 
 
 
 
2015
 
$
262,183
 
2016
 
 
359,468
 
2017
 
 
370,252
 
2018
 
 
381,360
 
2019
 
 
392,855
 
Thereafter
 
 
335,747
 
 
 
$
2,101,865
 
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]
As of March 31, 2015, minimum rental commitment under the leases is as follows:
 
Year Ending June 30,
 
 
 
 
2015
 
$
24,222
 
2016
 
 
96,890
 
2017
 
 
24,223
 
Total rental commitments
 
 
145,335
 
Less: Interest payments
 
 
(5,477)
 
Total lease payable
 
 
139,858
 
Lease payable, current portion
 
 
(92,912)
 
Lease payable, less current portion
 
$
46,946