Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.3.1.900
Commitments and Contingencies (Tables)
6 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
As of December 31, 2015, the minimum rental commitment under the lease is as follows:
 
Year Ending June 30,
 
 
 
 
2016
 
 
180,628
 
2017
 
 
370,252
 
2018
 
 
381,360
 
2019
 
 
392,855
 
2020
 
 
335,747
 
 
 
$
1,660,842
 
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]
As of December 31, 2015, minimum rental commitment under the lease is as follows:
 
Year Ending June 30,
 
 
 
 
2016
 
$
48,619
 
2017
 
 
24,223
 
Total rental commitments
 
 
72,842
 
Less: Interest payments
 
 
(2,316)
 
Total lease payable
 
 
70,526
 
Lease payable, current portion
 
 
70,526
 
Lease payable, less current portion
 
$
-