EMPLOYEE AND DIRECTOR EQUITY INCENTIVE PLANS (Tables)

3 Months Ended

Sep. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule Of Share Based Payment Award Stock Options Valuation Assumptions Table Text Block

The following assumptions were used to estimate the fair value of options granted during the three months ended September 30, 2016 and September 30, 2015 using the Black-Scholes option-pricing model:

	Three months ended September 30,
		2016			2015
Expected life of option (years)			4			4
Risk-free interest rate			0.93 - 1.07	%		1.14 - 1.38	%
Assumed volatility			104.69 - 108.34	%		100.77 - 101.70	%
Expected dividend rate			0.00	%		0.00	%
Expected forfeiture rate			7.42 - 7.88	%		6.23 - 7.97	%

Schedule Of Share Based Compensation Stock Options Activity Table Text Block

Information with respect to stock option activity is as follows:

	Number of Options		Weighted Average Exercise Price		Average Remaining Contractual Life (in years)
Balance at June 30, 2015		1,577,778	$	2.60
Options granted		4,782,100		0.49
Options forfeited		(248,518)		4.16
Balance at June 30, 2016		6,111,360		0.88		5.18
Options granted		182,500		0.85
Options forfeited		(162,350)		0.86
Balance at September 30, 2016		6,131,510	$	0.88		6.75

Disclosure Of Share Based Compensation Arrangements By Share Based Payment Award Text Block

The following table summarizes information relating to the stock options outstanding as of September 30, 2016:

	Outstanding						Exercisable
Range of Exercise Prices	Number of Options		Average Remaining Contractual Life (in years)			Weighted Average Exercise Price	Number of Options		Average Remaining Contractual Life (in years)		Weighted Average Exercise Price
$0.28 to $1.00		5,217,650		7.20	$	0.51		911,217		6.57	$	0.64
$1.01 to $2.50		600,910		5.41		1.61		398,491		5.24		1.69
$2.51 to $5.00		98,400		2.73		3.95		98,400		2.73		3.95
$5.01 to $6.95		214,550		1.56		6.47		214,550		1.56		6.47
Balance at September 30, 2016		6,131,510		6.75	$	0.88		1,622,658		5.36	$	1.87

Schedule Of Unrecognized Compensation Cost Nonvested Awards Table Text Block

A summary of the status of unvested employee stock options as of September 30, 2016 and June 30, 2016 and changes during the three months and years then ended is presented below:

	Number of Options		Weighted Average Grant Date Fair Value Per Share		Average Remaining Contractual Life (in years)
Balance at June 30, 2015		776,525	$	1.19
Options granted		4,782,100		0.49
Options vested		(596,993)		0.89
Options forfeited		(109,265)		0.88
Balance at June 30, 2016		4,852,367		0.54
Options granted		182,500		0.85
Options vested		(363,665)		0.73
Options forfeited		(162,350)		(0.86)
Balance at September 30, 2016		4,508,852	$	0.53		7.25

Schedule Of Share Based Compensation Restricted Stock Units Award Activity Table Text Block

The table below summarizes the activity of the RSUs for the three months ended September 30, 2016 and the year ended June 30, 2016:

	Number of Restricted Stock Units		Weighted Average Valuation Price Per Unit
Balance at June 30, 2015		1,936,035	$	1.53
RSUs granted		2,364,000		0.50
Shares issued		(270,791)		0.63
Balance at June 30, 2016		4,029,244		1.03
RSUs granted		-		-
Shares issued		(72,000)		0.50
Balance at September 30, 2016		3,957,244	$	1.04