RELATED PARTY TRANSACTIONS

9 Months Ended

Mar. 31, 2016

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

 Services Agreement with Fields Management, Inc.

During the three months ended March 31, 2016, the Company continued to be a party to a Service Agreement with Fields Management, Inc. (“FMI”), pursuant to which FMI provided certain executive management services to the Company, including designating Mr. Randall K. Fields to perform the functions of President and Chief Executive Officer for the Company. Randall K. Fields also serves as the Company’s Chairman of the Board of Directors and controls FMI.

The Company had payables of $32,253 and $37,893 to FMI at March 31, 2016 and June 30, 2015, respectively, under this agreement.