INCOME TAXES (Details 2) - USD ($)
|
Jun. 30, 2016 |
Jun. 30, 2015 |
| Current Deferred Tax Assets |
|
|
| Total Current Deferred Tax Assets |
$ 51,784
|
$ 109,630
|
| Current Deferred Tax Liabilities |
|
|
| Total Current Deferred Tax Liabilities |
6,198
|
0
|
| Non-Current Deferred Tax Assets |
|
|
| Total Non-Current Deferred Tax Assets |
4,649,771
|
3,706,452
|
| Deferred Tax Valuation Allowance |
(4,707,753)
|
(3,816,082)
|
| Total Non-Current Deferred Tax Assets |
(57,982)
|
(109,630)
|
| Total Deferred Tax Assets (Net) |
0
|
0
|
| Warrant Derivative Liability [Member] |
|
|
| Current Deferred Tax Assets |
|
|
| Total Current Deferred Tax Assets |
23,818
|
88,204
|
| Provision For Annual Leave [Member] |
|
|
| Current Deferred Tax Assets |
|
|
| Total Current Deferred Tax Assets |
27,966
|
21,426
|
| Superannuation [Member] |
|
|
| Current Deferred Tax Assets |
|
|
| Total Current Deferred Tax Assets |
0
|
0
|
| Prepaid Investor Services [Member] |
|
|
| Current Deferred Tax Liabilities |
|
|
| Total Current Deferred Tax Liabilities |
0
|
0
|
| Non-Current Deferred Tax Assets |
|
|
| Total Non-Current Deferred Tax Assets |
378,409
|
185,025
|
| Prepaid Expenses [Member] |
|
|
| Current Deferred Tax Liabilities |
|
|
| Total Current Deferred Tax Liabilities |
6,198
|
0
|
| Prepaid Insurance [Member] |
|
|
| Current Deferred Tax Liabilities |
|
|
| Total Current Deferred Tax Liabilities |
0
|
0
|
| Accounts Payable/Trade Creditors [Member] |
|
|
| Current Deferred Tax Liabilities |
|
|
| Total Current Deferred Tax Liabilities |
0
|
0
|
| Patent Costs [Member] |
|
|
| Current Deferred Tax Liabilities |
|
|
| Total Current Deferred Tax Liabilities |
0
|
0
|
| Non-Current Deferred Tax Assets |
|
|
| Total Non-Current Deferred Tax Assets |
91,408
|
59,995
|
| Capital Raising Costs [Member] |
|
|
| Non-Current Deferred Tax Assets |
|
|
| Total Non-Current Deferred Tax Assets |
22,489
|
23,261
|
| Legal Costs [Member] |
|
|
| Non-Current Deferred Tax Assets |
|
|
| Total Non-Current Deferred Tax Assets |
22,801
|
23,583
|
| Intellectual Property [Member] |
|
|
| Non-Current Deferred Tax Assets |
|
|
| Total Non-Current Deferred Tax Assets |
11,226
|
11,612
|
| Formation Expense [Member] |
|
|
| Non-Current Deferred Tax Assets |
|
|
| Total Non-Current Deferred Tax Assets |
6,881
|
7,117
|
| Net Operating Loss Carryover [Member] |
|
|
| Non-Current Deferred Tax Assets |
|
|
| Total Non-Current Deferred Tax Assets |
4,155,936
|
3,426,149
|
| Foreign Exchange Loss (OCI) [Member] |
|
|
| Non-Current Deferred Tax Assets |
|
|
| Total Non-Current Deferred Tax Assets |
$ (39,379)
|
$ (30,290)
|