DERIVATIVE FINANCIAL INSTRUMENTS and FAIR VALUE MEASUREMENTS (Details 2) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Balance at June 30, 2013	$ 0
Initial fair value recording of warrant derivative liability as debt discount	144,241
Effects of foreign currency exchange rate changes	(2,519)
Change in fair value included in statements of operations	(16,522)	0
Balance at June 30, 2014	$ 158,244	$ 0