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INVESTMENTS (Tables)
9 Months Ended
Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Investment income

 

    Three Months Ended     Nine Months Ended  
    March 31,     March 31,  
    2016     2015     2016     2015  
Interest income   $   7,023     $ 2,698     $ 45,140       9,867  
Realized gains     313       -       1,101       -  
Realized losses   (26,997)   - (27,229)   -  
Total investment income   $ (19,661)     $ 2,698     $ 19,012     $ 9,867  
                                       

 

Marketable securities

  Amortized Cost     Unrealized Gains     Unrealized Losses     Fair Value  
Investments classified as marketable securities                                
Corporate Bonds   $ -     $ -     $ -     $ -  
                                 
Investments classified as equity method investments   $ 470,584     $ -     $ -     $ 470,584  
                                 
Investments classified as available-for-sale   $ 1,000     $ -     $ -     $ 1,000