8. FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Schedule of assets at fair value

	Carrying Value		Quoted prices in active markets (Level 1)		Other quoted/observable inputs (Level 2)		Significant unobservable inputs (Level 3)
June 30, 2017:
Money Market Account	$	40,019,336	$	40,019,336	$	-	$	-
June 30, 2016:
Money Market Account	$	7,782,243	$	7,782,243	$	-	$	-