ACCRUED LIABILITIES

6 Months Ended

Dec. 31, 2014

Accrued Liabilities [Abstract]

ACCRUED LIABILITIES

 Accrued liabilities consist of the following as of:

	December 31, 2014 (unaudited)		June 30, 2014
Accrued stock-based compensation	$	783,939	$	1,122,188
Accrued compensation		597,250		352,764
Accrued dividends		308,946		154,473
Accrued other liabilities		201,845		171,930
	$	1,891,980	$	1,801,355