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EMPLOYEE AND DIRECTOR EQUITY INCENTIVE PLANS (Details 1) - $ / shares
3 Months Ended 12 Months Ended
Sep. 30, 2016
Jun. 30, 2016
Number of Options outstanding, Beginning 6,111,360 1,577,778
Number of Options granted 182,500 4,782,100
Number of Options forfeited (162,350) (248,518)
Number of Options outstanding, Ending 6,131,510 6,111,360
Outstanding beginning, Weighted-Average Exercise Price $ 0.88 $ 2.6
Options granted, Weighted-Average Exercise Price 0.85 0.49
Options forfeited, Weighted-Average Exercise Price 0.86 4.16
Outstanding ending, Weighted-Average Exercise Price $ 0.88 $ 0.88
Average Remaining Contractual Life (in years) 6 years 9 months 5 years 2 months 5 days