OTHER CURRENT ASSETS (Tables)

3 Months Ended

Sep. 30, 2012

Prepaid Expense and Other Assets, Current [Abstract]

Schedule of Other Current Assets [Table Text Block]

Other current assets consisted of the following:

	September 30,		June 30,
	2012		2012
Advancement	$	756,788	$	299,526
Prepaid insurance		-		-
Total	$	756,788	$	299,526