Annual report pursuant to Section 13 and 15(d)

18. FOURTH QUARTER ADJUSTMENT (Tables)

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18. FOURTH QUARTER ADJUSTMENT (Tables)
12 Months Ended
Jun. 30, 2014
Fourth Quarter Adjustment Tables  
Fourth Quarter Adjustments
Quarter Ended   (Expense) Income  
September 30, 2013   $ (3,554,623 )
December 31, 2013     3,746,742  
March 31, 2014     (1,077,138 )
Total   $ (885,019 )
Previous Quarter Adjustments
    Quarter Ended  
   

September 30,

2013

   

December 31,

2013

   

March 31,

2014

 
Net income (loss):                  
As previously reported   $ 2,666,657     $ (542,687 )   $ (54,187 )
Adjustment     (3,554,623 )     3,746,742       (1,077,138 )
As adjusted   $ (887,966 )   $ 3,204,055     $ (1,131,325 )
Basic and diluted income (loss) per share:                        
As previously reported   $ 0.00     $ 0.00     $ 0.00  
Adjustment     -       -       -  
As adjusted   $ 0.00     $ 0.00     $ 0.00