Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.3.0.814
Commitments and Contingencies (Tables)
12 Months Ended
Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
As of June 30, 2015, minimum rental commitment under the operating lease is as follows:
 
Year Ending June 30,
 
 
 
 
2016
 
 
359,468
 
2017
 
 
370,252
 
2018
 
 
381,360
 
2019
 
 
392,855
 
2020
 
 
335,747
 
 
 
$
1,839,682
 
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]
As of June 30, 2015, minimum rental commitment under the leases is as follows:
 
Year Ending June 30,
 
 
 
 
2016
 
$
96,890
 
2017
 
 
24,223
 
Total rental commitments
 
 
121,113
 
Less: Interest payments
 
 
(4,124)
 
Total lease payable
 
 
116,989
 
Lease payable, current portion
 
 
93,852
 
Lease payable, less current portion
 
$
23,137